What is big problem in using of bitcoin - page 7.

Compa

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Quote from: jacafbiz on September 27, 2016, 06:52:45 AM

The first one is the increase in the transaction fee and second is the high volatility of Bitcoin though this has reduce of recent compared to Bitcoin early years

Diff is too high, the miner need to get a profit. The increased in the transaction fee I think that it is a not problem
because for fast transaction in the network

jacafbiz

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The first one is the increase in the transaction fee and second is the high volatility of Bitcoin though this has reduce of recent compared to Bitcoin early years

Altcoinmoney

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The biggest problem in using the bitcoin is that th eprice is dropping allot and that is not what it suppost to be you know allot of people are argumenting about it but the price of the bitcoin is doing srange things and that is not good.

rektDude

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The biggest problem of using bitcoins is that allot of users dont know what to do with it so they are only spending it into bullshit and you dont need to do that you know allot of people are putting bitcoins in a stupid place.

deisik

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Quote from: Omegasun on September 27, 2016, 04:42:15 AM

Quote from: hua_hui on September 27, 2016, 04:22:40 AM

One big problem i face recently with btc is that there is a few days whereby the transaction of btc need to take up to a few days. So this is very irritating as my trading is stuck and it is actually quite time sensitive and my trading may go bad. I have multiple transaction coming in not recorded, and i have multiple transaction going out too.

I encountered too that my transaction is not recorded on blockchain. I think two weeks later when i deposit to luckyb.it site. My balance got deducted by the payment but i didn't saw any transaction history regarding that and my balance is not credited in luckybit site.

If you don't see the outgoing transaction on the blockchain after so long a time, you apparently have an issue with your wallet. What wallet are you using? If you are using an online wallet like Coinbase or Xapo you may want to open a support ticket. Otherwise, you'd better ask in the wallet thread here (if there is one, of course). I'm not very familiar with desktop wallets, so can't help you much with your issue...

But in any case, you can't lose your coins this way

Omegasun

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Quote from: hua_hui on September 27, 2016, 04:22:40 AM

One big problem i face recently with btc is that there is a few days whereby the transaction of btc need to take up to a few days. So this is very irritating as my trading is stuck and it is actually quite time sensitive and my trading may go bad. I have multiple transaction coming in not recorded, and i have multiple transaction going out too.

I encountered too that my transaction is not recorded on blockchain. I think two weeks later when i deposit to luckyb.it site. My balance got deducted by the payment but i didn't saw any transaction history regarding that and my balance is not credited in luckybit site.

Mastsetad

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Quote from: KabaaL on September 27, 2016, 04:33:25 AM

the big problem i have , its when i made a paiement and i dont have confirmation since 4 days and i can not do antyhing ....

Why that does not happen with me at all? I hear a lot of people saying the same thing on this thread while i never faced a problem like that in my transactions, i can't understand how a bitcoin transaction can take as long as four days.

phreaky

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The big problem using bitcoin is actually to use it cause it's difficult to use when nobody is accepting it we have to get it more known and accepted globally so we can use it in more then just one place.

KabaaL

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the big problem i have , its when i made a paiement and i dont have confirmation since 4 days and i can not do antyhing ....

hua_hui

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One big problem i face recently with btc is that there is a few days whereby the transaction of btc need to take up to a few days. So this is very irritating as my trading is stuck and it is actually quite time sensitive and my trading may go bad. I have multiple transaction coming in not recorded, and i have multiple transaction going out too.

deisik

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Quote from: ObscureBean on September 27, 2016, 12:16:09 AM

Quote from: deisik on September 26, 2016, 03:31:22 AM

Quote from: ObscureBean on September 26, 2016, 02:02:47 AM

This is far from being an ideal solution though, at least for now. I too was really excited when I heard about Bitcoin payment cards the first time. The problem is that the fees are quite bad, paying $2 - $4 per transaction is not something I would want to do, then you have loading fee and I think most charge a service fee every month too. Would be great if they implemented an NFC payment system like ApplePay while keeping the fees well under a dollar per transaction Roll Eyes

I was considering the issue from a technical point of view, obviously. What you mention is not related to Bitcoin as such (high monthly payments, hefty transaction fees, etc). I think debit and credit plastic cards when they had been first introduced were also quite expensive to consumers until real competition kicked in. And now you can have payment cards with no fees altogether...

In my view, it is only a matter of time till the first totally free (free as beer) Bitcoin payment card is issued by some Bitcoin start-up

How are the fees involved in making Bitcoin payments not related to Bitcoin?? a solution has to be whole package. If you are considering it from a 'technical' point of view then regular debit/credit cards have already reached that level of efficiency, there is no need to switch to Bitcoin. Sure the fees will probably go down with time that's why I said "not an ideal solution for now" at the start of my comment.

You seem to be badly misinterpreting my post (hopefully, not intentionally) as well as forgetting what you have been challenging yourself. First, I said that the fees charged due to payments with Bitcoin payment cards are not related to Bitcoin itself. Since this is exactly what you argued ("the fees are quite bad, paying $2 - $4 per transaction"), it is clear that you referred to such fees only and not the fees collected by miners, while now you are talking about fees in general ("the fees involved in making Bitcoin payments"). Second, I specifically emphasized ("[these fees are] not related to Bitcoin as such") that they are, unlike transactional fees charged by miners, not part of Bitcoin, or Bitcoin protocol if that makes it easier for you to understand...

If you can't see the difference, then you are pretty much on your own here

jossiel

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Quote from: tygeade on September 26, 2016, 12:01:12 PM

Quote from: newcoins1978 on September 26, 2016, 11:47:41 AM

The big problem in the use of bitcoin is actually using it. There's not alot of places that have heard about bitcoin yet or just don't accept it yet.
That's the worst thing for a currency cause then it becomes less valuable and useful.

That's true but until people are using it digitally I don't think it will much affect its price, as at a moment very few people are spending it physically but still we are sitting at descent price level.

I agree the stores that are going to accept bitcoins are not enough but I do believe that this problem is going to be resolved in the near future.

And we just need to keep on waiting for the price increase of bitcoin so that when these people or stores are going to see that bitcoin is a big currency.

Then they are going to adopt bitcoins in the future.

ObscureBean

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Quote from: deisik on September 26, 2016, 03:31:22 AM

Quote from: ObscureBean on September 26, 2016, 02:02:47 AM

Quote from: deisik on September 24, 2016, 09:38:22 AM

Quote from: Amadues on September 24, 2016, 04:09:12 AM

Personally I think that one of the most problem is the difficult to spend in "real life" .
And I add as plus the difficult to exchange "small cash" XX fiat in btc without paying higher fees.
I see as a big problem this difficult to use btc/cash easily & without limits Sad

Another big problem is related the speed of txs. Yes Credit card are reversible up to xx months, the same for other form of payment (Paypal!)
But when you go to a grocery o local shop, you need to wait for hypothesis that a tx is confirmed at least one time before say "ok it's payed". Huh

It has already been over a year since the Bitcoin payment cards got traction, but people still repeat the same old mantra about going to a grocery shop (whatever) and having to wait for transaction confirmations. Bitcoin payment cards solve this problem efficiently and effectively. Ultimately, the price of the goods can be denominated directly in bitcoins, thereby completely throwing fiat away from the equation...

Personally, I see no particular hurdles in implementing this (apart from limited Bitcoin usage among retailers)

This is far from being an ideal solution though, at least for now. I too was really excited when I heard about Bitcoin payment cards the first time. The problem is that the fees are quite bad, paying $2 - $4 per transaction is not something I would want to do, then you have loading fee and I think most charge a service fee every month too. Would be great if they implemented an NFC payment system like ApplePay while keeping the fees well under a dollar per transaction Roll Eyes

I was considering the issue from a technical point of view, obviously. What you mention is not related to Bitcoin as such (high monthly payments, hefty transaction fees, etc). I think debit and credit plastic cards when they had been first introduced were also quite expensive to consumers until real competition kicked in. And now you can have payment cards with no fees altogether...

In my view, it is only a matter of time till the first totally free (free as beer) Bitcoin payment card is issued by some Bitcoin start-up

How are the fees involved in making Bitcoin payments not related to Bitcoin?? a solution has to be whole package. If you are considering it from a 'technical' point of view then regular debit/credit cards have already reached that level of efficiency, there is no need to switch to Bitcoin. Sure the fees will probably go down with time that's why I said "not an ideal solution for now" at the start of my comment.

tygeade

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Quote from: newcoins1978 on September 26, 2016, 11:47:41 AM

The big problem in the use of bitcoin is actually using it. There's not alot of places that have heard about bitcoin yet or just don't accept it yet.
That's the worst thing for a currency cause then it becomes less valuable and useful.

That's true but until people are using it digitally I don't think it will much affect its price, as at a moment very few people are spending it physically but still we are sitting at descent price level.

newcoins1978

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The big problem in the use of bitcoin is actually using it. There's not alot of places that have heard about bitcoin yet or just don't accept it yet.
That's the worst thing for a currency cause then it becomes less valuable and useful.

Mastsetad

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Quote from: Shibashi Dogemoto on September 26, 2016, 09:55:25 AM

Quote from: amacar2 on September 26, 2016, 09:53:01 AM

Quote from: cloud69 on September 26, 2016, 09:13:16 AM

What's a big problem? People using bitcoins to buy illegal stuff Cry

Even fiats are being used by criminals or by people to buy illegal stuffs.

We have to be little carefull about putting recommended transaction fee as well as when copying bitcoin address where we gonna send out coin because as bitcoin is irreversible once we sended it to wrong address its gone.

Well this cannot be treated as an problem, this are the basic precautions that every user should take to not loose their hard earned coins in such a silly way, and apart from that I don't see any problem in bitcoin.

Buying drugs or any other illegal stuff with bitcoin is not the problem of bitcoin but it is a problem for the buyers, because such stuffs are bought with all the currencies all around the world so we cannot just say that the currency by which an illegal action is done has problems.

deisik

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Quote from: Fatanut on September 26, 2016, 09:08:31 AM

Quote from: phreaky on September 26, 2016, 07:31:48 AM

With bitcoin sometimes small transactions can get lost and takes ages to return to you that's one problem I have and also that we can't use it in so many places yet but that's not really the fault of bitcoin I guess.

I have never encountered small transactions getting lost. Please post a proof or something. Because as I look at how Bitcoin works, almost everything is perfect especially when sending/receiving money. The exact amount that you sent minus the transaction fee will be received by the other person without losing any amount at all. There's no shady stuffs going on in blockchain that would cause losing small transactions.

It seems that you didn't read the post that you replied to very carefully. The question is not so much about losing money as about disappearance of unconfirmed transactions (this is not the same thing). Even if a transaction doesn't get confirmed, bitcoins cannot be lost. When the transaction gets dropped from the pool of unconfirmed transactions after some timeout (two days, I'm not mistaken), everything is essentially back to square one as if this transaction did exist at all. So it looks like the transaction just disappeared (got lost)...

Apparently, with no change to the balance of your wallet

goinmerry

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Quote from: Shibashi Dogemoto on September 26, 2016, 09:55:25 AM

Quote from: amacar2 on September 26, 2016, 09:53:01 AM

Quote from: cloud69 on September 26, 2016, 09:13:16 AM

What's a big problem? People using bitcoins to buy illegal stuff Cry

Even fiats are being used by criminals or by people to buy illegal stuffs.

We have to be little carefull about putting recommended transaction fee as well as when copying bitcoin address where we gonna send out coin because as bitcoin is irreversible once we sended it to wrong address its gone.

Well this cannot be treated as an problem, this are the basic precautions that every user should take to not loose their hard earned coins in such a silly way, and apart from that I don't see any problem in bitcoin.

Maybe we should stop thinking about it and focus on making some right things that cam be used to make bitcoin more good looking to new investors.

Shibashi Dogemoto

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Quote from: amacar2 on September 26, 2016, 09:53:01 AM

Quote from: cloud69 on September 26, 2016, 09:13:16 AM

What's a big problem? People using bitcoins to buy illegal stuff Cry

Even fiats are being used by criminals or by people to buy illegal stuffs.

We have to be little carefull about putting recommended transaction fee as well as when copying bitcoin address where we gonna send out coin because as bitcoin is irreversible once we sended it to wrong address its gone.

Well this cannot be treated as an problem, this are the basic precautions that every user should take to not loose their hard earned coins in such a silly way, and apart from that I don't see any problem in bitcoin.

amacar2

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Quote from: cloud69 on September 26, 2016, 09:13:16 AM

What's a big problem? People using bitcoins to buy illegal stuff Cry

Even fiats are being used by criminals or by people to buy illegal stuffs.

We have to be little carefull about putting recommended transaction fee as well as when copying bitcoin address where we gonna send out coin because as bitcoin is irreversible once we sended it to wrong address its gone.

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