What's your biggest problem with Bitcoin - page 77.

harizen

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Quote from: Strongkored on February 01, 2016, 06:45:29 AM

Quote from: BruceLee007 on January 29, 2016, 03:00:56 PM

the only biggest problem is that the price is high right now and i can not buy cheap bitcoins as an investment that could bring me fast and easy money Cheesy

The price is not high any more. It is below $400 for some time. If the mining difficulty keep on rising, some miners will lose money.

What price can you consider as high? If we are back in around $280 saga last year what it is compare to the price today?

If the mining difficulty will keep on rising, the price will surely kicks and big miners will not lose money here in general.

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Quote from: BruceLee007 on January 29, 2016, 03:00:56 PM

the only biggest problem is that the price is high right now and i can not buy cheap bitcoins as an investment that could bring me fast and easy money Cheesy

The price is not high any more. It is below $400 for some time. If the mining difficulty keep on rising, some miners will lose money.

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Quote from: BruceLee007 on January 29, 2016, 03:00:56 PM

the only biggest problem is that the price is high right now and i can not buy cheap bitcoins as an investment that could bring me fast and easy money Cheesy

No increase in these days, which is the only problem of bitcoin and this time the problem is lasting for a long time. Hope this problem will come to an end within few weeks

eeaweeaws

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Quote from: BruceLee007 on January 29, 2016, 03:00:56 PM

the only biggest problem is that the price is high right now and i can not buy cheap bitcoins as an investment that could bring me fast and easy money Cheesy

No mate, price is falling down at a moment and this is the right time to buy some bitcoins, as it will grow much more in future so I suggest you to buy some bitcoins if you can afford, and if you want to make quick and fast money then you should trade with bitcoins, or else go for gambling.

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the only biggest problem is that the price is high right now and i can not buy cheap bitcoins as an investment that could bring me fast and easy money Cheesy

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Quote from: Amph on January 29, 2016, 11:48:49 AM

Quote from: ranochigo on January 29, 2016, 10:54:15 AM

Quote from: Amph on January 28, 2016, 12:07:13 PM

Quote from: Glucose on January 28, 2016, 10:35:35 AM

1) confirmation time is too long
2) Increasing fees will be a problem
3) The fact it's really hard to find a place where you can buy something with bitcoins (I'm mostly talking about Europe)
4) When you buy something, you need 1 confirmation to avoid double spending ==> 1) & 3)
5) The fact there are a lot of scammers and ponzi, DD4BC, etc, shadow companies ruining bitcoin reputation.
6) The fact new users will probably try to install bitcoincore and won't be able to use bitcoin easily (that was my first experience - 3 days long trying to synchronize the whole thing)

1) merchants will accept zero conf when the malleability issue will be fixed, if they really want to avoid this issue for their customers

2) this is the only valid concern, but we are talking about a dinstant future were bitcoin is actually adopted

3)not a problem of bitcoin, but merchants and user base

4)again see point 1

5)not a problem of bitcoin, again, newbie need to not invest in such site, if they want to avoid scammers, and don't dl random stuff from the web

6)i think they are lazy to not do the proper research , becaus ethere is anything you need to know in bitcoin.org

1) Merchants can already accept zero conf transactions without any problem in the first place. Transaction malleability was never an issue since merchants would require the inputs to be confirmed. Double spend would not be able to happen without the original transaction changing it's TXID. Anyway, it has already been fixed by enforcing only low s value TXes.
2) If Bitcoin gets adopted, block size rises and miners don't have to enforce high fees anymore.
3) Yeah
4) Actually, double spending is always possible with every transaction if there is a massive block re-org or a 51% attack. If 51% attack happens, your TX needs to be behind a checkpoint for it to not get reversed no matter how long the attacker is in control.
5) There are thousands of scams on fiat too, phone scam etc. Does it ruin fiat? No.
6) Why Bitcoin Core? SPV clients are usually enough for an average joe. Synchronization is much faster now.

1) yeah but many are not willing to do so, there must be a reason, also there is a fix for malleability coming with segwit, it must count for something, there should be a 100% security about this issue, to prevent that it happen again(mtgox)

2)i'm talking about the value of fee itself, this mean that even if fee remain the same, they would be still too high, if we get something like $100k out of one coin(10k satoshi = $10, which is an issue for micropayment)

1) There is a fix for malleability with disabling nodes from accepting high S value TXes which works effectively. You need to understand that malleability does not cause as loss for merchants as you think. There are measures in place.

2) They can be lowered depending on what the miners want. Making a loss or taking more TXes and having more TX fees in a block. Relay fees are also configurable.

Amph

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Quote from: ranochigo on January 29, 2016, 10:54:15 AM

Quote from: Amph on January 28, 2016, 12:07:13 PM

Quote from: Glucose on January 28, 2016, 10:35:35 AM

1) confirmation time is too long
2) Increasing fees will be a problem
3) The fact it's really hard to find a place where you can buy something with bitcoins (I'm mostly talking about Europe)
4) When you buy something, you need 1 confirmation to avoid double spending ==> 1) & 3)
5) The fact there are a lot of scammers and ponzi, DD4BC, etc, shadow companies ruining bitcoin reputation.
6) The fact new users will probably try to install bitcoincore and won't be able to use bitcoin easily (that was my first experience - 3 days long trying to synchronize the whole thing)

1) merchants will accept zero conf when the malleability issue will be fixed, if they really want to avoid this issue for their customers

2) this is the only valid concern, but we are talking about a dinstant future were bitcoin is actually adopted

3)not a problem of bitcoin, but merchants and user base

4)again see point 1

5)not a problem of bitcoin, again, newbie need to not invest in such site, if they want to avoid scammers, and don't dl random stuff from the web

6)i think they are lazy to not do the proper research , becaus ethere is anything you need to know in bitcoin.org

1) Merchants can already accept zero conf transactions without any problem in the first place. Transaction malleability was never an issue since merchants would require the inputs to be confirmed. Double spend would not be able to happen without the original transaction changing it's TXID. Anyway, it has already been fixed by enforcing only low s value TXes.
2) If Bitcoin gets adopted, block size rises and miners don't have to enforce high fees anymore.
3) Yeah
4) Actually, double spending is always possible with every transaction if there is a massive block re-org or a 51% attack. If 51% attack happens, your TX needs to be behind a checkpoint for it to not get reversed no matter how long the attacker is in control.
5) There are thousands of scams on fiat too, phone scam etc. Does it ruin fiat? No.
6) Why Bitcoin Core? SPV clients are usually enough for an average joe. Synchronization is much faster now.

1) yeah but many are not willing to do so, there must be a reason, also there is a fix for malleability coming with segwit, it must count for something, there should be a 100% security about this issue, to prevent that it happen again(mtgox)

2)i'm talking about the value of fee itself, this mean that even if fee remain the same, they would be still too high, if we get something like $100k out of one coin(10k satoshi = $10, which is an issue for micropayment)

ranochigo

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Quote from: Amph on January 28, 2016, 12:07:13 PM

Quote from: Glucose on January 28, 2016, 10:35:35 AM

1) confirmation time is too long
2) Increasing fees will be a problem
3) The fact it's really hard to find a place where you can buy something with bitcoins (I'm mostly talking about Europe)
4) When you buy something, you need 1 confirmation to avoid double spending ==> 1) & 3)
5) The fact there are a lot of scammers and ponzi, DD4BC, etc, shadow companies ruining bitcoin reputation.
6) The fact new users will probably try to install bitcoincore and won't be able to use bitcoin easily (that was my first experience - 3 days long trying to synchronize the whole thing)

1) merchants will accept zero conf when the malleability issue will be fixed, if they really want to avoid this issue for their customers

2) this is the only valid concern, but we are talking about a dinstant future were bitcoin is actually adopted

3)not a problem of bitcoin, but merchants and user base

4)again see point 1

5)not a problem of bitcoin, again, newbie need to not invest in such site, if they want to avoid scammers, and don't dl random stuff from the web

6)i think they are lazy to not do the proper research , becaus ethere is anything you need to know in bitcoin.org

1) Merchants can already accept zero conf transactions without any problem in the first place. Transaction malleability was never an issue since merchants would require the inputs to be confirmed. Double spend would not be able to happen without the original transaction changing it's TXID. Anyway, it has already been fixed by enforcing only low s value TXes.
2) If Bitcoin gets adopted, block size rises and miners don't have to enforce high fees anymore.
3) Yeah
4) Actually, double spending is always possible with every transaction if there is a massive block re-org or a 51% attack. If 51% attack happens, your TX needs to be behind a checkpoint for it to not get reversed no matter how long the attacker is in control.
5) There are thousands of scams on fiat too, phone scam etc. Does it ruin fiat? No.
6) Why Bitcoin Core? SPV clients are usually enough for an average joe. Synchronization is much faster now.

delliaerd

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Quote from: Pattart on January 29, 2016, 07:34:44 AM

Quote from: goinmerry on January 27, 2016, 08:29:17 AM

Quote from: ?? on ??

I don't have enough

Okay that is like a personal problem. Grin

But thanks you made me smile. I dont have enough too. We are not whales but we are still users who needs to be responsible in using it and how we circulate it.

I think every person has a problem as long as he uses bitcoin. you may be lying if no complaints about bitcoin. I myself admit, bitcoin is still not perfect, so there are some problems with bitcoin

That's absolutely right everyone has a problem with bitcoin although only the facilities and services bitcoin.
A natural thing if someone complains about something that is not perfect, nothing is perfect.

Pattart

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Quote from: goinmerry on January 27, 2016, 08:29:17 AM

Quote from: ?? on ??

I don't have enough

Okay that is like a personal problem. Grin

But thanks you made me smile. I dont have enough too. We are not whales but we are still users who needs to be responsible in using it and how we circulate it.

I think every person has a problem as long as he uses bitcoin. you may be lying if no complaints about bitcoin. I myself admit, bitcoin is still not perfect, so there are some problems with bitcoin

delliaerd

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Quote from: jt byte on January 28, 2016, 11:40:42 AM

My biggest problem with bitcoin is the bad name it has from the news.
Also you can not pay on many websites with bitcoin, that's what I really hate about it.

Though I love bitcoin it has some disadvantages.

I think no problem if many websites not receive bitcoin as payment. You only need to exchange your bitcoin into dollars or your currency before you will pay something to that website. Wink

Amph

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Quote from: Glucose on January 28, 2016, 10:35:35 AM

1) confirmation time is too long
2) Increasing fees will be a problem
3) The fact it's really hard to find a place where you can buy something with bitcoins (I'm mostly talking about Europe)
4) When you buy something, you need 1 confirmation to avoid double spending ==> 1) & 3)
5) The fact there are a lot of scammers and ponzi, DD4BC, etc, shadow companies ruining bitcoin reputation.
6) The fact new users will probably try to install bitcoincore and won't be able to use bitcoin easily (that was my first experience - 3 days long trying to synchronize the whole thing)

1) merchants will accept zero conf when the malleability issue will be fixed, if they really want to avoid this issue for their customers

2) this is the only valid concern, but we are talking about a dinstant future were bitcoin is actually adopted

3)not a problem of bitcoin, but merchants and user base

4)again see point 1

5)not a problem of bitcoin, again, newbie need to not invest in such site, if they want to avoid scammers, and don't dl random stuff from the web

6)i think they are lazy to not do the proper research , becaus ethere is anything you need to know in bitcoin.org

harizen

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Quote from: jt byte on January 28, 2016, 11:40:42 AM

My biggest problem with bitcoin is the bad name it has from the news.
Also you can not pay on many websites with bitcoin, that's what I really hate about it.

Though I love bitcoin it has some disadvantages.

Interesting news here you might want to read.

http://www.coindesk.com/europol-no-evidence-linking-islamic-state-to-bitcoin/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29

jt byte

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My biggest problem with bitcoin is the bad name it has from the news.
Also you can not pay on many websites with bitcoin, that's what I really hate about it.

Though I love bitcoin it has some disadvantages.

Glucose

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Merit: 1001

1) confirmation time is too long
2) Increasing fees will be a problem
3) The fact it's really hard to find a place where you can buy something with bitcoins (I'm mostly talking about Europe)
4) When you buy something, you need 1 confirmation to avoid double spending ==> 1) & 3)
5) The fact there are a lot of scammers and ponzi, DD4BC, etc, shadow companies ruining bitcoin reputation.
6) The fact new users will probably try to install bitcoincore and won't be able to use bitcoin easily (that was my first experience - 3 days long trying to synchronize the whole thing)

onlinedragon

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I think that for new Bitcoin users some things sounds really difficult. You have to learn so much before you start understanding it a bit. Each day I read the forums here and always find new terms and interesting discussions.

Imoote

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Quote from: elizabethqueen on January 27, 2016, 08:36:51 AM

Quote from: sipredrica on June 26, 2015, 11:19:37 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.

i am sure the most people proble with bicoin is about bitcoin transaction,some people complaint about time confirmation,and other poeple also complaint about delaying some transaction,and i think this is the major problem,how to fix his?

Bitcoin transactions according to me very quickly and only takes a few minutes. Then traksaksi long do you think it was like?
Maybe if it happens to be repaired is the server and performance, it is only done by the bitcoin only. But I had never felt it so I do not know this is just my opinion.

trickyriky

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Quote from: ranochigo on January 27, 2016, 08:22:39 AM

Quote from: trickyriky on January 26, 2016, 02:18:26 PM

-snip-
yet your missing the very real fact that bitcoin nodes require SSD's at 10x the cost and 10x less storage capacity, and with more volume / transactions the SSD's simply wont be able to keep up, its simple maths.

Bitcoin nodes do not require SSDs. There is no significant benefits from using SSD other than during the initial synchronization (unless you are running a huge full node). There's 3.84TB SSD that cost $2000+ and it would decrease as time passes. In the future releases, Bitcoin Core would have pruning enabled fully and there would be no problem running Bitcoin Core. Just to remind you, a 1TB hard disk costs $53.

LMFAO if only you were right ehhh lol, like i said believe me or not thats your hang up, but id happily put a million quid on my statement being true by 2021 Tongue

to the developers, the ONLY problem with bitcoin is the size of the blockchain, which as far as i know can not be pruned without losing peoples bitcoin, mass adoption would only bloat the blockchain faster, keep it as a niche if you push for mass adoption you will destroy bitcoin, or you will destroy fiat, or as i have stated too many times, they will force digital currency on the masses the networkswont be able to sustain it, and it will be allowed o die, so the 99% become slaves to the elite once more......

keep it as a niche dont push or force adoption, humans are fickle creatures that are not dumb, as long as electricity and internet are controlled by other people the mass's will not adopt....

now to combat these problems we need to shrink the blockchain (somehow) without losing peoples bitcoin, we need access to free electric and we need a giant mesh network with multiple web access points, which is open sourced 798 years of guberment prove we dont need any

elizabethqueen

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Quote from: sipredrica on June 26, 2015, 11:19:37 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.

i am sure the most people proble with bicoin is about bitcoin transaction,some people complaint about time confirmation,and other poeple also complaint about delaying some transaction,and i think this is the major problem,how to fix his?

goinmerry

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Quote from: ?? on ??

I don't have enough

Okay that is like a personal problem. Grin

But thanks you made me smile. I dont have enough too. We are not whales but we are still users who needs to be responsible in using it and how we circulate it.

Topic: What's your biggest problem with Bitcoin - page 77. (Read 135083 times)