What's your biggest problem with Bitcoin - page 20.

HaXX0R1337

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Quote from: btvGainer on July 11, 2016, 06:28:56 PM

For me the biggest problem with bitcoin is that I dont know when to buy or when to sell them

Hahahah you get me laughed so hard buddy Cheesy

i dont like it to,but my biggest problem is actually transactions time,i mean of course time that i have to wait for confirmation to get there... So long really...

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For me the biggest problem with bitcoin is that I dont know when to buy or when to sell them

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Quote from: kryptqnick on July 11, 2016, 12:45:18 PM

Quote from: sipredrica on June 26, 2015, 10:19:37 PM

Software development team here.
We would like to hear from the community what are the most annoying\frustrating stuff you have with Bitcoin and would love to get a solution for ?
Feel free to talk about any problem, even if it seems unsolvable or too abstract (e.g. Bitcoin is not safe enough for the average user)
Edit:
After reading all the replies, I feel confident summarizing that the #1 problem of Bitcoin is probably lack of adoption.
And the main reasons of lack of adoption are probably ease of use and insufficient security.
We are a team of entrepreneurs and software developers that are going to spend the next following months-year on developing a new product.
One of the most appealing markets for us is the Bitcoin market.
We will try to learn us much as possible from your replies and try to tackle the problems head on.

My problem is that it is hard to exchange it into my local currency and that there aren't many places where you can use them

from your cases is hard to exchange your bitcoins in local currency but like in my region. I'm searching a person want to buy my bitcoin in local currency with face-to-face for the transaction. maybe it's become your way to get an easily exchange your bitcoin in local currency.

Yakamoto

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Quote from: ontrackk on July 11, 2016, 06:14:05 PM

Quote from: owm123 on July 11, 2016, 05:22:34 PM

Quote from: karekas33 on July 11, 2016, 03:17:08 PM

would like to pay with Bitcoin in ordinary shops for goods and meal. This is a biggest problem I see now. But I am happy to see more merchants allow bitcoin.

How would you do it, with confirmation times of 10 minutes? Stend in line for 10 minutes, waiting for your tx to be confirmed?

well if you send the bitcoins over the phone I doubt that you would have to wait for that long as I don't think it's possible to make a double spend attack over your phone

If you were really trying to do a double spend attack over your phone, you could hypothetically get one to go through, but it would require coordination between someone back at the control panel (or with access to the miners) and the person spending. Unless you had access through the phone to everything else, which is possible.

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Quote from: owm123 on July 11, 2016, 05:22:34 PM

Quote from: karekas33 on July 11, 2016, 03:17:08 PM

would like to pay with Bitcoin in ordinary shops for goods and meal. This is a biggest problem I see now. But I am happy to see more merchants allow bitcoin.

How would you do it, with confirmation times of 10 minutes? Stend in line for 10 minutes, waiting for your tx to be confirmed?

well if you send the bitcoins over the phone I doubt that you would have to wait for that long as I don't think it's possible to make a double spend attack over your phone

diodio5

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Quote from: owm123 on July 11, 2016, 05:22:34 PM

Quote from: karekas33 on July 11, 2016, 03:17:08 PM

would like to pay with Bitcoin in ordinary shops for goods and meal. This is a biggest problem I see now. But I am happy to see more merchants allow bitcoin.

How would you do it, with confirmation times of 10 minutes? Stend in line for 10 minutes, waiting for your tx to be confirmed?

I think the stores who accept bitcoin course they use a great system as bitpay or so on. so they should not hesitate to wait 1 confirmation. yeah maybe halving four years will change the time of confirmation to be faster. yeah I know it is a problem

owm123

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Quote from: karekas33 on July 11, 2016, 03:17:08 PM

would like to pay with Bitcoin in ordinary shops for goods and meal. This is a biggest problem I see now. But I am happy to see more merchants allow bitcoin.

How would you do it, with confirmation times of 10 minutes? Stend in line for 10 minutes, waiting for your tx to be confirmed?

karekas33

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would like to pay with Bitcoin in ordinary shops for goods and meal. This is a biggest problem I see now. But I am happy to see more merchants allow bitcoin.

ubitcoin

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Quote from: jossiel on July 08, 2016, 09:30:21 AM

Quote from: blackmachinegun on July 08, 2016, 08:24:00 AM

Quote from: jossiel on July 06, 2016, 07:19:51 PM

Quote from: funbarrel on July 06, 2016, 05:24:19 PM

i dont have a lot of problems with bitcoin, to be honest my biggest problem is that bitcoin is hard to achieve

It is better if you are going to indicated your biggest problem that is hard to achieve so that we can know it and we can give suggestions about.
But it is a good thing that you don't have a problem with bitcoin and also I, I'm not seeing any problem into it.
Even the delayed transactions is not a problem with me.

I think the level of patience everyone is different. possible confirmation time not so long if you're a patient, but if people are not patient and then he needs urgent transactions, I'm sure he would be very angry at a speed of bitcoin transactions Lol

Well I used to become patient as here in my country it is one of the needed things that a person must have.
That's why delayed transactions are not a problem to me. Because it just take a couple of minutes to become confirmed.

And if you have not spent enough transaction fees then that is your mistake and may be late confirmation is a punishment for you so you do not make your future transactions with low fees. More over, how long bitcoiners will consider those late confirmations as a problem when they are aware of a feasible solution for that already.

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Quote from: sipredrica on June 26, 2015, 10:19:37 PM

Software development team here.
We would like to hear from the community what are the most annoying\frustrating stuff you have with Bitcoin and would love to get a solution for ?
Feel free to talk about any problem, even if it seems unsolvable or too abstract (e.g. Bitcoin is not safe enough for the average user)
Edit:
After reading all the replies, I feel confident summarizing that the #1 problem of Bitcoin is probably lack of adoption.
And the main reasons of lack of adoption are probably ease of use and insufficient security.
We are a team of entrepreneurs and software developers that are going to spend the next following months-year on developing a new product.
One of the most appealing markets for us is the Bitcoin market.
We will try to learn us much as possible from your replies and try to tackle the problems head on.

My problem is that it is hard to exchange it into my local currency and that there aren't many places where you can use them

hermanhs09

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I have changed my mind.
My biggest problem with bitcoin is not scammers,but just confirmation time.
I was waiting today about 5 hours for 1 confirmation,i hate when something like this happens...
I wasn't sleeping because of this.

richardsNY

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Quote from: chixka000 on July 11, 2016, 02:13:48 AM

Online shop which accepts bitcoin,, but yeah must likely is the confirmation process especially if you urgently need bitcoin and the confirmation is not yet done so you have no choice but to wait

In some cases you can increase the chance of getting your transaction confirmed sooner, by adding a just above average fee. Of course it doesn't change anything as far as the time for pools to solve a block goes, but it significantly increases the chance of seeing your transaction get included in the next block.

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Quote from: Dudeperfect on July 10, 2016, 05:35:46 AM

I don't call it problem but there is scope for improvement through my point of view.

Simplified Security is my major point, some sites enforce to go with double authentication for the transaction and wallet access, well that’s best thing as security is concerned but every time while making any payment I have to wait for confirmation mail then approving that and the captcha takes little bit time. Can we use Simplified Security (for example instead of otp, something else that I know already and that is known only by me, I mean something different from passwords). Of course we should focus on security but then can we test such new things. Facebook is working on password less logins.

I honestly agree with you about the breeze to login in without filling in passwords and 2fa, but please be aware that Bitcoin transaction is like money transaction. If you have at least 3 BTC in a site, would you not set a strong security enough to at least lessen the probability of your account being hacked? So I think this security measure isn't a problem to me. And the only known by you in an open internet is quite not known anymore once you were hijacaked . At the end of the day you still need to fill in that info in the browser Cheesy

unless we impliment some kind of retinal scan / iris recognition.

chixka000

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Online shop which accepts bitcoin,, but yeah must likely is the confirmation process especially if you urgently need bitcoin and the confirmation is not yet done so you have no choice but to wait

Imoote

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Quote from: sobsitesearch on July 10, 2016, 05:44:01 AM

Quote from: dhampir-D on July 09, 2016, 12:14:27 PM

I think it is the low number of establishments adopting the currency, but it takes time...

I think thats not a problem at the moment but the only thing i see is the delay of confirming the transaction other than that bitcoin is very convinient and relevant to use for online shopping, sending money and paying your bills.

yes may delay confirmation is a simple but very annoying problem. I have also been there and it was very disturbing. I hope it can be resolved properly and confirm the delay would be minimized.

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Quote from: dhampir-D on July 09, 2016, 12:14:27 PM

I think it is the low number of establishments adopting the currency, but it takes time...

I think thats not a problem at the moment but the only thing i see is the delay of confirming the transaction other than that bitcoin is very convinient and relevant to use for online shopping, sending money and paying your bills.

Dudeperfect

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I don't call it problem but there is scope for improvement through my point of view.

Simplified Security is my major point, some sites enforce to go with double authentication for the transaction and wallet access, well that’s best thing as security is concerned but every time while making any payment I have to wait for confirmation mail then approving that and the captcha takes little bit time. Can we use Simplified Security (for example instead of otp, something else that I know already and that is known only by me, I mean something different from passwords). Of course we should focus on security but then can we test such new things. Facebook is working on password less logins.

DashTron

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My biggest problem with bitcoin is that I have none.
And I do not have any realistic idea how I should get my hands on some of them.

serjent05

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Quote from: hermanhs09 on July 09, 2016, 11:43:15 AM

What do i dont like with bitcoin?
I think i actually hate that there are so many scammers in the bitcoin community,
in the bitcointalk too of course,it is just so easy to make mistake and lose you're money...

Yeah there are lots of predator who preys on new comers. This predators are the scam company that make use of Bitcoin as their bait. Even not in this forum, there are lots of HYIP's and Ponzi's that lurk around the internet. If we are new and no one seems to tell us that it is a scam company then we will gladly take the bait and get scammed. This scammers even get away with it and put up another scam company.

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Quote from: madwica on July 08, 2016, 07:21:30 PM

I do not have encounter any problems in bitcoin since i start to earn and to used it but all i can see the problem by eacg users is the delay of confirming their transactions which is i think it is normal to have a delay in online transaction because there are more securities to ensure all transaction to be made is very secured.

I think it's a problem that everyone has, but not everyone considers it a problem. Considering the transaction time done in other money transfer outlets, the time it takes for the transaction to be confirmed in the blockchain is actually faster.
Some users are just not paying the proper fees which is why they experience long, very long, confirmation times.

Topic: What's your biggest problem with Bitcoin - page 20. (Read 135104 times)