Topic: What's your biggest problem with Bitcoin - page 83. (Read 135106 times)
its hard to use on a day to day basis. Yes I know overstock, dell/alienware, etc take btc, but it is rare to never that I need anything from them
Another biggest problem.
Im always awake now because of the unexpected moves in price. Price somehow recovers after the bad news and now slowly kicking again at close $400. Need to monitor the price so I won't be washed away with the wave.
Im always awake now because of the unexpected moves in price. Price somehow recovers after the bad news and now slowly kicking again at close $400. Need to monitor the price so I won't be washed away with the wave.
I only use my bitcoins for online shopping but not much merchant in my country are the biggest problem.
With a bitcoin debit card you can solve the problem of finding more merchants for your shopping, regardless of your country. It will work in physical shopping also.
And the big headache is scammers. They are trying to cheat with all possibilities.
Bitcoin is money so expect scammers like real money does.
And besides there will be no scammer if no one will be scammed. So make a research about the investment site before putting some eggs on it.
The governments should treat bitcoin as money/currency and regulate the bitcoin related business. Scammers should be punished by law.
As long as products are not priced in bitcoin as a currency. It will never be like that.
A sandwich costs "for example" 3 euro. If for example the value of EURO drops immense, that same sandwich will still cost 3 euro.
Just saying...
Bitcoin's biggest problem is the fact that the price fluctuates to much and that our governments can't "control" it.
So keep dreaming :p
See Bitcoin as Gold. It kind of is. Keep it like that because it will never change.
I only use my bitcoins for online shopping but not much merchant in my country are the biggest problem.
Fungibility and Privacy
And the big headache is scammers. They are trying to cheat with all possibilities.
Bitcoin is money so expect scammers like real money does.
And besides there will be no scammer if no one will be scammed. So make a research about the investment site before putting some eggs on it.
The governments should treat bitcoin as money/currency and regulate the bitcoin related business. Scammers should be punished by law.
my problem is lost/forgotten coins on old/earlier accounts. some of these lucky guys did not know what they have
It's not just you, there are many that have lost the password or forgot but it's common mistake, recently i am having issue calculating the tx fee everytime.so I cannot recover my wallet, unfortunately still any some bits in the wallet
And the big headache is scammers. They are trying to cheat with all possibilities.
Bitcoin is money so expect scammers like real money does.
And besides there will be no scammer if no one will be scammed. So make a research about the investment site before putting some eggs on it.
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.
Same here for me as you said confirmation time in transactions, Which is taking while sending bitcoin that time it takes long time confirmation only. It’s a little problem but have to fix this soon. And the big headache is scammers. They are trying to cheat with all possibilities.
I get the problem of bitcoin is the problem of slow transaction confirmation . and one sending bitcoin wallet address to another person , fortunately sipemilik wallet was returned it to me .
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.
Let your wallet decide? Most of them will give you recommendations about fees. They can't guarantee you the next block but I've never had much trouble with them.
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.
during transaction process it may take up to 2 to 20 minutes for complete transaction.if i want to use suddeny come a work and we need to bitcoin to paying bitcoin but it will come fast it will take long time to transction process so this is biggest problem of bitcoins.
my problem is lost/forgotten coins on old/earlier accounts. some of these lucky guys did not know what they have
It's not just you, there are many that have lost the password or forgot but it's common mistake, recently i am having issue calculating the tx fee everytime. my problem is lost/forgotten coins on old/earlier accounts. some of these lucky guys did not know what they have
Oh yeah. I have heard one story that says he have 11,000 bitcoin in his account. He is lucky guy because he remembered his password and got back his wallet. Now I dont really know if he is dead due to excitement of made himself fat because he have a lot money.
Quote from: cjmoles link=topic=1101336.msg13415737#msg13415737
My biggest problem with bitcoin is its lack of a smart contract functionality. It is too easy to send bitcoin off for some goods or services and not receive those goods or services in return. I know that there are escrow services that provide a measure of comfort but they're not safe either and represent a degree of centralization. Some of the newer alternatives, such as Ethereum, have included turing capabilities and smart contract functionality to their platform which makes their system less reliant on trust. It would be nice if Bitcoin also included those features somehow.
Smart contracts can do many things; however, a smart contract can be written (coded) to act as a sort of escrow service by which the funds are not released unless both parties fulfill their part of the obligation. There are many, many applications possible utilizing a platform with smart contract functionality. Their application is, pretty much, limited only by one's imagination.
my problem is lost/forgotten coins on old/earlier accounts. some of these lucky guys did not know what they have
How is this your problem, unless you are the one that lost some old wallets and accounts?:-)
my problem is lost/forgotten coins on old/earlier accounts. some of these lucky guys did not know what they have
[quote author=cjmoles link=topic=1101336.msg13415737#msg13415737
My biggest problem with bitcoin is its lack of a smart contract functionality. It is too easy to send bitcoin off for some goods or services and not receive those goods or services in return. I know that there are escrow services that provide a measure of comfort but they're not safe either and represent a degree of centralization. Some of the newer alternatives, such as Ethereum, have included turing capabilities and smart contract functionality to their platform which makes their system less reliant on trust. It would be nice if Bitcoin also included those features somehow.
My biggest problem with bitcoin is its lack of a smart contract functionality. It is too easy to send bitcoin off for some goods or services and not receive those goods or services in return. I know that there are escrow services that provide a measure of comfort but they're not safe either and represent a degree of centralization. Some of the newer alternatives, such as Ethereum, have included turing capabilities and smart contract functionality to their platform which makes their system less reliant on trust. It would be nice if Bitcoin also included those features somehow.
Is it the same problem with paying online using credit cards or paypal? I mean, you can buy staff online and not receive it, but you can do charge-back as a last resort. So the smart contracts would provide charge-back functionality or something else?
[/quote]
Yeah but the thing is that bitcoin is always better then paypal or credit cards where they charge heavily on their customers and bitcoins on the other hand is very transparent with the least fees and yes the confirmation time is the biggest problem with bitcoins and sometimes it takes a long time to get confirmed or else there are more satisfied customers of bitcoins for sure as compared to paypal or credit cards.
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