Topic: What's your biggest problem with Bitcoin - page 71. (Read 135083 times)

The biggest problem I have with Bitcoin is that Bitcoin are so unpredictable. And that makes it so scary. You dont know when you must sell or buy it.
If you sell or buy Bitcoin, you must take the risk that you will get profit later. And you dont know if that is worth.

Your problem solved quickly if you give some higher "fee" of your transaction.
anyway i think im never found any wallet must get 6confirmation before avaible at wallet, 1confrimationis enough to avaible. which wallet you use?

I think. everyone is free to use bitcoin, I know bitcoin very closed, so it is very easy everyone. to use bitcoin in illegal activities, but so be it? we could not resist it. right?

So far i don't have big problem with bitcoin, the only one my problem is so long waiting confirmation when i transfer something. Because i'm a gambler and i need fast confirmation.

i had problem with bitcoin today because  i didnt transfer my bitcoins to my wallet because of conformarmation problem it took 6 hours for the comfermated  this is really problem if you want to need money urgently and this was my biggest problem with bitcoin.

Where I live, it seems that Bitcoin is gaining a lot of exposure.  Maybe in other places it is used and talked about more, but it seems to be where it was 2 years ago where I am.  I think that will gradually improve.

i think i you compare it with Credit card or paypal in ease of use of course bitcoin easier.
moreover, to create a wallet is very easy, not like making purses on paypal or credit card, it is very complicated

As a person that value my privacy, that KYC thing is really a problem but there is an explanation somewhere in this forum (can't remember where it is exactly) about KYC and it enlightened me that it is necessary,  so I guess it is not a problem at all, the problem will be on the exchange instead

because not so many stores adopt bitcoin as the payment i think that not only you have these problem but do not be worry because slowly but sure currently some online stores has started to adopt bitcoin

I think my main issue is concern over security of the wallets.  I worry that the online wallets will get hacked or the paper wallets are not secure enough.  Also, I am concerned that I could lose private keys for wallets with coins in them.

Probably the fact that I just can't seem to concider it real money due to the lack of stores that will accept Bitcoin.

my main problem is, the confirmation time.. even with enough fees.  Not a big deal

i have a few reasons to be honest mate, i run pools so i know the networks a little better than most people do, the size of the blockchain is what will inevitably kill it in my eyes, we have had 10-15gb growth in the last 12 months alone, now we have made 2mb block size, so with a big if of if transactions levels stay as they have been were looking at 30gb per year minimum just on the blockchain storage, then we have the very real fact that hard drives will no longer reliably run a full btc node and SSD's are needed, which at present are still pretty expensive for any use able size, more adoption will bring in more transactions and will be chewing up internet bandwidth for fun, i personally predict if bitcoin is still alive in 2021 it will be fully centralised by guberment data centers and we will all be running alt versions of multibit or brainwallets, as that will literally be the only way the network will still run with a growing user base, and blockchain, im thnking it currently takes 2-5 days to sync a full bitcoin node, as soon as that gets over the 1 week point it will be impossible to ever sync a wallet without a bootstrap, and were soon to be looking at 100gb bootstrap files, i suspect it was built to fail, maybe a part of agenda 21's digital currency but i cant prove that lol, im making the most of it while i can, and in my eyes attempting to help it stay non centralised


dude all fiat is created from nothing, when you ask a bank for a loan they dont give you money they already have (all banks are bankrupt) they create it on a screen for you based on your promise to pay it back plus interest, yet it never existed in the first place, neither did the interest your paying on top... in short the bankers and politicians have an easy life by conning the 99% into needing their currency to transfer value, which they pay a usury fee for known as interest or the countries deficit, the suits and bankers are the biggest criminals on the planet and they invented the fiat system, your worries of what people use bitcoin for are unfounded mate, your guberments are the only terrorists on the planet

I don't like the fact that bitcoin is used for bad purposes, I know fiat is also used for that but comparing the percentage of illegal use of bitcoin to total use compared to fiat illegal use to total use is not even close. That also affect people's opinions on BTC.

why you says that bitcoin can't sustain mass adoption? For the size of the blockchain?

the network could not sustain mass adoption :/

Probably the difficulty in using it compared to other method that require no effort at all like Creditcards and PayPal etc... not that I don't want to use it but that lowers mass adoption of BTC in my opinion.

my biggest problems are the KYC of the exchanges and the fees that you have to pay if you haven't an exchange verified account, but i know that companies involved in bitcoin need to do all the procedure for KYC

to OP.. my biggest problem with bitcoin

China and Chinese people

BTC could and would have worked great but these degenerates found a way to alter the laws of economics.

I think you never google. Name me all the stores near you that accept bitcoin? There's even dedicated sites to seeing what shops accept it near your location and there's only a handful near me and none I really care to use. You pretty much can't spend bitcoins anywhere on the highstreet and you'll be lucky to even find one shop where u can spend your coins to be honest. Hopefully this will change in the near future but it's definitely a problem at the moment for those who actually want to spend their coins.