Topic: What's your biggest problem with Bitcoin - page 98. (Read 135083 times)
That I don't own 1000BTC...but seriously I wish this thing would blow up sooner<-----patience grasshopper
Simply don't understand why a bitcoin has any value at all. who was the first person that decided a bitcoin was worth trading for real cash?
The 7 transactions per second limit and the inability of any Bitcoin developers to form a strong consensus to problem solving for the better good of the currency.
What I'm concerned about is the security of the wallet, I've lost a lot of my bitcoin wallet. I am also worried about the price of BTC were down a lot
Just one issue bith bitcoins sometimes the confirmations take a little time to br completed and thus this annoys me because whenever i am in a hurry to trade bitcoin for some altcoin at an exchange and i deposit,then it doesn't come instantly and by the time it comes,the rate at which i wanted to trade has already gone..that's the only problem i have
One of the solutions available to get faster confirmation times is to increase the miner's fee with a certain transaction. Higher transaction fee means that your transaction is put to 'high priority' in the network.
That's right, especially recently blockchain got some issue with a transaction. rise a miner fees little bit is not make you to be a poor.
for reference to get "high priority": https://en.bitcoin.it/wiki/Transaction_fees
my personal biggest problem with bitcoin it's the possibility to exchange small quantities of fiat currency (like dimes) into fraction of bitcoin...
I think that this can be the best way to spread this currency into the daily use... Like pay a coffee... a pizza...
Some times another problem was the long transaction time... yes if you need quickly validation, it become so lazy wait a couple of confirmation to spend again the BTC...
I think that this can be the best way to spread this currency into the daily use... Like pay a coffee... a pizza...
Some times another problem was the long transaction time... yes if you need quickly validation, it become so lazy wait a couple of confirmation to spend again the BTC...
Just one issue bith bitcoins sometimes the confirmations take a little time to br completed and thus this annoys me because whenever i am in a hurry to trade bitcoin for some altcoin at an exchange and i deposit,then it doesn't come instantly and by the time it comes,the rate at which i wanted to trade has already gone..that's the only problem i have
One of the solutions available to get faster confirmation times is to increase the miner's fee with a certain transaction. Higher transaction fee means that your transaction is put to 'high priority' in the network.
Just one issue bith bitcoins sometimes the confirmations take a little time to br completed and thus this annoys me because whenever i am in a hurry to trade bitcoin for some altcoin at an exchange and i deposit,then it doesn't come instantly and by the time it comes,the rate at which i wanted to trade has already gone..that's the only problem i have
highly changable price.
Uncertainty of confirmations time is my biggest problem with Bitcoin.Sometimes it takes more than an hour to confirm and other times in few minutes we get 2/3 even 4 confirmations.If this problem resolves somehow and have exact idea of block generation for confirmation would be great.
Few issues with confirmations, but other than that, no really big problems.
My biggest problems with Bitcoin are transaction confirmation waiting time and fact that many of my friends don't trust bitcoin and thinks that I'm wasting my time and money here.
I can't wait to prove them that they are wrong
I can't wait to prove them that they are wrong
Exactly, I do not have any problem with bitcoin but I always spend them very fast. Because while I'm sitting on my computer, I can spend my bitcoins with 2-3 clicks. Normally, for paper money, I have to stand up my ass to my chair and go to a shop center to spend.
Yes, myself also do not find any problem with bitcoin. Bitcoin is already secured, fullfill all the terms for being a money and meaningful mining process. So, really I do not have any problem.
Exactly, I do not have any problem with bitcoin but I always spend them very fast. Because while I'm sitting on my computer, I can spend my bitcoins with 2-3 clicks. Normally, for paper money, I have to stand up my ass to my chair and go to a shop center to spend.
Problem is... that I don't have many lol, no seriously, slow confirmation times I think
The confirmations are slow but I think its not a problem. If the transaction have reached the network you could be sure it's already ok. Or are there some options to prevent a transaction to be done as it has reached the blockchain?
I am a little worried about problem with the confirmations Sometimes confirmations are quick, sometimes is not
Problem is... that I don't have many lol, no seriously, slow confirmation times I think
I agree. The long transaction times are a hassle. I once had to wait 48 hours, only to have the bitcoins returned to my wallet, and then I tried to send them again, only to find out that I accidentally made a double spend.
The rising of blockchain brings a basic issue that if the human autonomy should be replaced of technology. Even some experts on encrytion currency also show skepticism. The exchange is particularly vulnerable that the dealers could buy and sell bitcoins by US dollars, Euro and other currencies. However,the collapse of Mt.GOX caused many bad effect to bitcoin community. In this January, another exchange called Bitstamp was attacked by hackers who stole 19000 bitcoins, which made further blow of the whole industry.
so although bitcoin security has been improved, one day it can be hack again on the future...right?
Maybe this is solid reason why bitcoin's value keep stable...
The rising of blockchain brings a basic issue that if the human autonomy should be replaced of technology. Even some experts on encrytion currency also show skepticism. The exchange is particularly vulnerable that the dealers could buy and sell bitcoins by US dollars, Euro and other currencies. However,the collapse of Mt.GOX caused many bad effect to bitcoin community. In this January, another exchange called Bitstamp was attacked by hackers who stole 19000 bitcoins, which made further blow of the whole industry.
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