What's your biggest problem with Bitcoin - page 79.

Herbert2020

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Quote from: harizen on January 26, 2016, 10:33:17 AM

Quote from: Pattart on January 26, 2016, 09:50:24 AM

Quote from: mrcashking on January 26, 2016, 07:18:24 AM

The thing which irritates me is the hunt for the control.People are willing to even destroy/dump the coin for their own benefits or to shine their altcoin,the same problem which was before bitcoin.

yeah I heard that the price of a coin can be manipulated by someone, if you have a lot of money, you could do a pump and dump
you can make a profit from it

Yes it can. There's a so called whale group who can do that and also some big people in the bitcoin world. But I noticed that because of many bitcoin adopters today unlike in the past, manipulators are having a hard time to do such a move because moreover more people that not part of the "manipulators" are joining the bitcoin madness.

yeah, this issue exists as of today but hopefully it can be resolved in the future as the number of users grow in number and bitcoin becomes more spread and not just in the hands of few big pockets.
this will make the effect of whales and negative propaganda less effective so hopefully it would lead to a more stable market.

harizen

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Quote from: Pattart on January 26, 2016, 09:50:24 AM

Quote from: mrcashking on January 26, 2016, 07:18:24 AM

The thing which irritates me is the hunt for the control.People are willing to even destroy/dump the coin for their own benefits or to shine their altcoin,the same problem which was before bitcoin.

yeah I heard that the price of a coin can be manipulated by someone, if you have a lot of money, you could do a pump and dump
you can make a profit from it

Yes it can. There's a so called whale group who can do that and also some big people in the bitcoin world. But I noticed that because of many bitcoin adopters today unlike in the past, manipulators are having a hard time to do such a move because moreover more people that not part of the "manipulators" are joining the bitcoin madness.

bitcoinboy12

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★YoBit.Net★ 350+ Coins Exchange & Dice

For me is why it takes so slow for it to be transferred unlike alt coins. And its POW nature makes mining almost unprofitable for small players not to mention you need to upgrade your miners every year or so.

Pattart

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Quote from: mrcashking on January 26, 2016, 07:18:24 AM

The thing which irritates me is the hunt for the control.People are willing to even destroy/dump the coin for their own benefits or to shine their altcoin,the same problem which was before bitcoin.

yeah I heard that the price of a coin can be manipulated by someone, if you have a lot of money, you could do a pump and dump
you can make a profit from it

vrm86

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Quote from: naidray on January 26, 2016, 08:39:20 AM

As many people mentioned their problems here, my problem is somewhat different. I find it an issue to remember my wallet address as it's too long and a combination of numbers and letters. Unless I use a bitcoin bank like Xapo where I can
send to an email address, it isn't the same for external addresses.

Bank accounts numbers have ~26 digits and nobody raises this as a problem. Moreover, it prevents you from mistyping account number and sending money to wrong person.

trickyriky

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60Gb blockchain and growing, at this rate bitcoin will be centralised or dead by 2021, only guberment data centers will be able to sustain the network, and with mass adoption, lets just say bitcoin would cripple the internet, it was a good project for the bankers to create extra wealth but like everything, it has a shelf life

luckily the mass's are not as dumb as we would like, they will not put their wealth anywhere they do not have control of it, they would have to rely on a power company giving them energy, and an isp not suspending their internet access

crypto is a toy for the intelligent nothing more nothing less, it can never take over fiat without crippling the internet, and enslaving the 99% who dont want digital currency

naidray

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As many people mentioned their problems here, my problem is somewhat different. I find it an issue to remember my wallet address as it's too long and a combination of numbers and letters. Unless I use a bitcoin bank like Xapo where I can
send to an email address, it isn't the same for external addresses.

vrm86

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Volatility - thing, that makes Bitcoin usefull as a trading/investing asset, makes it quite uneasy to use BTC as a payment method at same time. Every transaction has something in common with gambling, as you don't know if it's better to make deal today, tommorow or next week to get more satisfying price.

diodio5

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Quote from: bitraine on January 25, 2016, 10:48:11 PM

i always have the problem about waiting 1 confirmatoin time. slow transaction .and the priority is not same even when you paid 0.0001 for the miners fee. i took an hour to recieve/send payment. but i really love bitcoin hope they fix the issue about the delays.

I think bitcoin will be better in the future, bitcoin will evolve naturally,
for now, it is time confirmation quite disturbing for most people

mrcashking

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The thing which irritates me is the hunt for the control.People are willing to even destroy/dump the coin for their own benefits or to shine their altcoin,the same problem which was before bitcoin.

pooya87

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Quote from: bitraine on January 25, 2016, 10:48:11 PM

i always have the problem about waiting 1 confirmatoin time. slow transaction .and the priority is not same even when you paid 0.0001 for the miners fee. i took an hour to recieve/send payment. but i really love bitcoin hope they fix the issue about the delays.

if there is no attack/spam going on it will take 5-10 minutes which is not that bad.
when it comes to big payments or micro payments bitcoin becomes the best thing because of its fee. you can't send big amounts or even a lot of small amounts with credit card. you will have to pay a lot of fees.

Imoote

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Quote from: Altynbekova on January 26, 2016, 05:05:19 AM

the biggest problem of bitcoin is you can not pay at many websites only a few are accepting it.
Also the reputation of bitcoin is affected and that is bad for the reputation,
why companies do not bet on bitcoins.

Yes maybe it's because of lack of socialization of bitcoin on companies companies out there that make belummeratanya use bitcoin.
Perhaps if introduced in a structured bitcoin might more companies adopt bitcoin. But it looks like it takes a lot to see that the new bitcoin is included.

Altynbekova

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the biggest problem of bitcoin is you can not pay at many websites only a few are accepting it.
Also the reputation of bitcoin is affected and that is bad for the reputation,
why companies do not bet on bitcoins.

goinmerry

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Quote from: ranochigo on January 26, 2016, 03:55:54 AM

Miners tries to maximize their earnings and hence users need to pay a fee/kb instead of fixed fee. If fixed fee is used, attacks would be inexpensive and easy. There is nothing devs can do about varience, only block size.

Nose bleed. Grin

Thumbs for those who knows much about mining. Got a head while reading some about mining. I think I will stay with being a bitcoin user instead of a miner. But I also know that I need to at least have some knowledge about mining to understand the circulation.

ranochigo

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Quote from: ?? on ??

-snip-
There are many factors, but recommended tx fee is 0.0005BTC/kb, so 1 normal transaction (about 400 bytes) need 0.0002BTC for fast confirmation.
But, increase block size will solve high fees.

Could be true even though the reference implementation rounds up the size to the nearest KB. Miners might use a modified version to calculate fees/b.

Quote from: goinmerry on January 25, 2016, 11:35:50 PM

Quote from: bitraine on January 25, 2016, 10:48:11 PM

i always have the problem about waiting 1 confirmatoin time. slow transaction .and the priority is not same even when you paid 0.0001 for the miners fee. i took an hour to recieve/send payment. but i really love bitcoin hope they fix the issue about the delays.

I guess because of many transactions that is happening in bitcoin community this happens. Yeah I got a friend to that really got a problem with that. He always says that sometimes transferring takes a while. But I dont really know why. That is just my opinion.

Miners tries to maximize their earnings and hence users need to pay a fee/kb instead of fixed fee. If fixed fee is used, attacks would be inexpensive and easy. There is nothing devs can do about varience, only block size.

Amph

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nother problem we are facing, is that the consensus, is actually dividing the comunity, instead of unifying it

so sub decentralized cominuty which will lead to centralized sub-entity are being born

goinmerry

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Quote from: bitraine on January 25, 2016, 10:48:11 PM

i always have the problem about waiting 1 confirmatoin time. slow transaction .and the priority is not same even when you paid 0.0001 for the miners fee. i took an hour to recieve/send payment. but i really love bitcoin hope they fix the issue about the delays.

I guess because of many transactions that is happening in bitcoin community this happens. Yeah I got a friend to that really got a problem with that. He always says that sometimes transferring takes a while. But I dont really know why. That is just my opinion.

bitraine

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i always have the problem about waiting 1 confirmatoin time. slow transaction .and the priority is not same even when you paid 0.0001 for the miners fee. i took an hour to recieve/send payment. but i really love bitcoin hope they fix the issue about the delays.

blackmachinegun

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Quote from: jethrorn99 on January 24, 2016, 12:58:12 AM

That there's a lot of scam in the bitcoin market.

Otherwise, maybe a slow transaction time.

the absence of identity on user bitcoin, make a lot of people take advantage of this to fraudulent activity, making investments to cheat sites, and so on

-Tx-Rider

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For me, I don't know what is the minimum fees to pay and get the transactions confirmed in the next block. The variable block time and the number of tx stuck at mempool are all the factors affecting the confirmatin time.

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