Topic: What&#039;s your biggest problem with Bitcoin - page 116. (Read 135106 times)

Quote from: Falconer on July 06, 2015, 09:18:47 AM

Biggest problem with bitcoin is the time.
It takes hours to confirm a transaction so it can be better like other coins to process faster.

You have the opposite of my problem
[IMO]
Faster transaction = Less secure
Slower transaction = More secure
Grin

I'm wondering, how to solve this problem without making any problem even worse. Huh

you simply do not solve it, because it isn't a problem, merchants should just go ahead and accept 0 confirmations

but if you really want a solution sidechain are what you are looking for

0 confirmations should be enough, but accidents can happen like the one we saw yesterday, where the blockchain split happened.
We need these to be solved before we can have mainstream adoption and merchants being careless about confirmations.

BTCevo

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Quote from: Falconer on July 05, 2015, 10:53:52 AM

The biggest issue is the volatility and I think that's what scares a lot of people off, but at the same time its that volatility that is very attractive to speculators and thus the potential for profit. For the average user who may wish to use it as a currency though it can be scary for them.

This is what I thought for the first time Im doing trading bitcoin, I scare about the volatility but at last I think without any volatility I dont think I can get good profit. With this volatility we can earn every time and get much profit from it

The biggest problem is, I can't spend my bitcoin in any real shop that accept it in my city, so I must exchange it to fiat before if I want to buy a stuff. I hope there will be real shop that accept bitcoin sooner.

I dont know about your city but there are plenty shop that accept bitcoin as their payment out there and from what I heard they also build some ATM machine for some people to get their bitcoin too from a mall so I guess some shops will open in no time. Cheer up Grin

Thanks for your information, but that's not useful for me. Do you want me to visit your city for just spend my btc or use ATM machine? If you can build one in my city, it sounds better then Cheesy

I didnt mean it that way, because there are some country that build bitcoin ATM and I think in some few years later if there is a mass adoption of bitcoin or bitcoin becoming mainstream may be your goverment will try to build one of it. Because from my research there are quite good of adoption in this past years in some countries http://cointelegraph.com/news/114093/seven-cities-leading-bitcoin-adoption-in-2015. This will make bitcoin fast to grow in number of adoption and its price too

hasmukhrawal

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I just love to do work with bitcointalk.
But one thing i hate is they just ban our accoubt without any prior notice or with reason
It may be good if they specify and them ban.

oxiyusuf

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Quote from: Jeremycoin on July 06, 2015, 08:37:04 AM

Quote from: lorylore on July 06, 2015, 08:35:28 AM

Quote from: Jeremycoin on July 06, 2015, 08:32:58 AM

Quote from: BTCevo on July 06, 2015, 09:13:22 AM

Biggest problem with bitcoin is the time.
It takes hours to confirm a transaction so it can be better like other coins to process faster.

You have the opposite of my problem
[IMO]
Faster transaction = Less secure
Slower transaction = more secure
Grin

I'm wondering, how to solve this problem without making any problem even worse. Huh

Lol, let's make this ideal. Faster transaction = More secure, isn't it possible?
Check other coins and you will see Tongue

I'm not actually really understand about other coins, but these was the Biggest problem of all time. Grin

I do not think this problem will be resolved, since confirmation is part of the bitcoin itself, but everything may change someday

pooya87

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Quote from: Solange on July 06, 2015, 07:05:44 AM

The biggest issue is the volatility and I think that's what scares a lot of people off, but at the same time its that volatility that is very attractive to speculators and thus the potential for profit. For the average user who may wish to use it as a currency though it can be scary for them.

This is what I thought for the first time Im doing trading bitcoin, I scare about the volatility but at last I think without any volatility I dont think I can get good profit. With this volatility we can earn every time and get much profit from it

But the opposite is also true. You can lose a lot of money and profit not at all. Trading or investments always carry risks and are not always profitable.

Nope if you know how to maintain your trading and try to see the situation too, I think you can minimalize your loss when you really have that bad luck

i agree.
every kind of investment has its own risks and profits. the important thing is the "total" amount of profit that you have earned at the end of the week (or any period that you prefer). not a couple of losses in one day.
as long as the total profit is an acceptable amount by your standards you did well in your tradings.
but if you are losing money every week in your trades and your total profit is negative, then "you" are doing something wrong.

Jeff Chang

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Biggest issue for me is lack of merchants accepting it though I think this will grow over time. Personally I don't mind as I'd rather hold onto my bitcoins for a couple of years then spend them when they're hopefully worth a bit more.

Falconer

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Quote from: Falconer on July 05, 2015, 10:53:52 AM

The biggest issue is the volatility and I think that's what scares a lot of people off, but at the same time its that volatility that is very attractive to speculators and thus the potential for profit. For the average user who may wish to use it as a currency though it can be scary for them.

This is what I thought for the first time Im doing trading bitcoin, I scare about the volatility but at last I think without any volatility I dont think I can get good profit. With this volatility we can earn every time and get much profit from it

The biggest problem is, I can't spend my bitcoin in any real shop that accept it in my city, so I must exchange it to fiat before if I want to buy a stuff. I hope there will be real shop that accept bitcoin sooner.

I dont know about your city but there are plenty shop that accept bitcoin as their payment out there and from what I heard they also build some ATM machine for some people to get their bitcoin too from a mall so I guess some shops will open in no time. Cheer up Grin

Thanks for your information, but that's not useful for me. Do you want me to visit your city for just spend my btc or use ATM machine? If you can build one in my city, it sounds better then Cheesy

BTCevo

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Activity: 1834

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Quote from: Solange on July 06, 2015, 07:05:44 AM

Quote from: Jeremycoin on July 06, 2015, 08:32:58 AM

The biggest issue is the volatility and I think that's what scares a lot of people off, but at the same time its that volatility that is very attractive to speculators and thus the potential for profit. For the average user who may wish to use it as a currency though it can be scary for them.

This is what I thought for the first time Im doing trading bitcoin, I scare about the volatility but at last I think without any volatility I dont think I can get good profit. With this volatility we can earn every time and get much profit from it

But the opposite is also true. You can lose a lot of money and profit not at all. Trading or investments always carry risks and are not always profitable.

Nope if you know how to maintain your trading and try to see the situation too, I think you can minimalize your loss when you really have that bad luck

Amph

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Quote from: lorylore on July 06, 2015, 08:35:28 AM

Biggest problem with bitcoin is the time.
It takes hours to confirm a transaction so it can be better like other coins to process faster.

You have the opposite of my problem
[IMO]
Faster transaction = Less secure
Slower transaction = More secure
Grin

I'm wondering, how to solve this problem without making any problem even worse. Huh

you simply do not solve it, because it isn't a problem, merchants should just go ahead and accept 0 confirmations

but if you really want a solution sidechain are what you are looking for

Jeremycoin

legendary

Activity: 1022

Merit: 1003

𝓗𝓞𝓓𝓛

Quote from: Jeremycoin on July 06, 2015, 08:32:58 AM

Quote from: Jeremycoin on July 06, 2015, 08:32:58 AM

Biggest problem with bitcoin is the time.
It takes hours to confirm a transaction so it can be better like other coins to process faster.

You have the opposite of my problem
[IMO]
Faster transaction = Less secure
Slower transaction = more secure
Grin

I'm wondering, how to solve this problem without making any problem even worse. Huh

Lol, let's make this ideal. Faster transaction = More secure, isn't it possible?
Check other coins and you will see Tongue

I'm not actually really understand about other coins, but these was the Biggest problem of all time. Grin

lorylore

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Activity: 1470

Merit: 1002

Biggest problem with bitcoin is the time.
It takes hours to confirm a transaction so it can be better like other coins to process faster.

You have the opposite of my problem
[IMO]
Faster transaction = Less secure
Slower transaction = more secure
Grin

I'm wondering, how to solve this problem without making any problem even worse. Huh

Lol, let's make this ideal. Faster transaction = More secure, isn't it possible?
Check other coins and you will see Tongue

Jeremycoin

legendary

Activity: 1022

Merit: 1003

𝓗𝓞𝓓𝓛

Quote from: Jeremycoin on July 06, 2015, 03:40:39 AM

Biggest problem with bitcoin is the time.
It takes hours to confirm a transaction so it can be better like other coins to process faster.

You have the opposite of my problem
[IMO]
Faster transaction = Less secure
Slower transaction = More secure
Grin

I'm wondering, how to solve this problem without making any problem even worse. Huh

lorylore

legendary

Activity: 1470

Merit: 1002

Biggest problem with bitcoin is the time.
It takes hours to confirm a transaction so it can be better like other coins to process faster.

Evil Steve

newbie

Activity: 25

Merit: 0

My biggest problem with Bitcoin is, I don't know where the easiest and the safest place to keep it.
I want to use the Bitcoin core, but my PC couldn't handle it. So I use an online wallet, but I don't know if it's safe enough. Sad

Keep it offline. Why do you need it on your computer? Plenty of liteweight wallets as well.

randy8777

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Activity: 896

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Quote from: ransomer on July 06, 2015, 05:11:10 AM

Quote from: Jeremycoin on July 06, 2015, 03:40:39 AM

My biggest problem with Bitcoin is, I don't know where the easiest and the safest place to keep it.
I want to use the Bitcoin core, but my PC couldn't handle it. So I use an online wallet, but I don't know if it's safe enough. Sad

I have no doubt this is the biggest issue with bitcoin.

Except for people looking at it from the outside who never actually owned bitcoin. They may see the volatile prices or lack of backing etc. But the actual real main concern is the security issue.

it's not the biggest issue at this moment, but with the increasing blockchain size it will be much harder for people to make space for it on their hdd in the future.

Jeremycoin

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Activity: 1022

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𝓗𝓞𝓓𝓛

Quote from: oxiyusuf on July 06, 2015, 07:37:17 AM

Quote from: pooya87 on July 06, 2015, 07:01:22 AM

Quote from: Jeremycoin on July 06, 2015, 03:40:39 AM

My biggest problem with Bitcoin is, I don't know where the easiest and the safest place to keep it.
I want to use the Bitcoin core, but my PC couldn't handle it. So I use an online wallet, but I don't know if it's safe enough. Sad

why don't you use an SPV (light) wallet.

you can use something like Electrum, it is easy to use and you don't need a huge Hard drive space or bandwidth. it would be less that 40 MB in total size because it only downloads block headers.

and as for security you can create an offline wallet with Electrum and only send the signed transactions on an online computer.

all of these works that you need to do have good step by step walk-throughs and you can ask any additional question that you might have here.

even if you are already using any security, make sure you do not carelessly visit wallet phishing sites, or sites that contained the virus, make sure your antivirus is always updated

and make sure you use a genuine antivirus Grin

btw, do you guys think that Bitcoin would be more secure in the future? or even vice versa? Cool

Netnox

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Very poor advertising, majority of btc promotion is in the crypto circle, outside that its awful.

oxiyusuf

sr. member

Activity: 462

Merit: 251

Quote from: pooya87 on July 06, 2015, 07:01:22 AM

Quote from: Jeremycoin on July 06, 2015, 03:40:39 AM

My biggest problem with Bitcoin is, I don't know where the easiest and the safest place to keep it.
I want to use the Bitcoin core, but my PC couldn't handle it. So I use an online wallet, but I don't know if it's safe enough. Sad

why don't you use an SPV (light) wallet.

you can use something like Electrum, it is easy to use and you don't need a huge Hard drive space or bandwidth. it would be less that 40 MB in total size because it only downloads block headers.

and as for security you can create an offline wallet with Electrum and only send the signed transactions on an online computer.

all of these works that you need to do have good step by step walk-throughs and you can ask any additional question that you might have here.

even if you are already using any security, make sure you do not carelessly visit wallet phishing sites, or sites that contained the virus, make sure your antivirus is always updated

Solange

newbie

Activity: 22

Merit: 0