Topic: What's your least favorite thing about Bitcoin? - page 33. (Read 43269 times)

Slow blocks grind my gears. Most annoying thing about BTC. Other than that, everything is good.

honestly all about bitcoin I like. I like to have its own bank. ease of use, low cost and very fast delivery.

In my opinion, the best thing about bitcoin is that I don't need a bank account to engage in commerce anymore but my least favorite thing about 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 solace in those regards but there's a danger of losing money utilizing even the most trusted escrow services too.  Some of the newer alternatives, such as Ethereum, have included a smart contract functionality to their platform which makes their system less reliant on trust. I believe that is something Bitcoin needs to incorporate also.  So, while I enjoy the pleasures of not having to use a centralized bank, I'm plagued by the prospect of my money not being insured.

Actually nothing from what you said is technically true.

1. Transactions ma be instant, but you have to wait for network confirmation - which usully take up to 10 minutes, in extreme cases it could take a lot more time.
2. Bitcoin is pseudo anonymous at best. Using bitcoin with addition of any third party or satellite service effectively strips it of anonymity.
3. 2FA is only a way of securing your online wallet - which is not the best way to keep your coins anyway. Coins stored online are not fully yours.

I thought I am the only one who is not happy with the time taken for confirmation and I think it will be resolved and minimized gradually this is the only least favourite thing about Bitcoin. It happens because of high volume of transactions going on nowadays.

Yeah it would be more profitable in the coming years and the least favorite thing about bitcoins would be the confirmation time as we all are aware that somtimes it takes too long for the transaction to get confirmed and rest is everything fine with bitcoins.

But if you think about it too during old days. They are mining 1 bitcoin for what price? Just a cent? Now that its price is high mining it for a long time is going to be profitable.

Volatility is pretty bad

I have ways to collect and use euros for free, too, if you want. It's called working.

Ok, I know, euro is a currency in everyone's mind so no one would say that they can get "euros for free", whereas no one is trully sure whether bitcoin should be treated as a currency or a commodity. Ok. But still. "getting and collecting bitcoins for free"... nah that doesn't sound right.

Plus, OP is asking about what's your least favorite thing about bitcoin. Which is the opposite of what you're about.

all about bitcoin is my favorite, since 3 years ago bitcoin know, all the things about bitcoin is always interesting, but the most interesting and favorite is that I can use and collect bitcoin for free.

my least favorite thing about Bitcoin is simplicity, fast, low fees, anonymous, and i can send it everytime and everywhere as long i have internet connections unlike bank does not do activity when holiday but bitcoin can do things who can not be done by bank

I really like bitcoin. I like because bitcoin is a very unique currency

My least favorite thing about Bitcoin is when you spend a few years on this forum researching Bitcoin, Cypherpunks, Encription and everything else about Bitcoin....and the the CIA gets notified by Microsoft about the content of your searches....then next thing you know your house gets Blackbaged and DROPMIRE Operations use the ANGRYNEIGHBOR type of survelience bugs against you, your family members and your friends. All my bitcoin miners got destroyed along with all my computers. They set up in your tv,cable box,DVD player,etc...(the controller is a FPGA), they install "Power TV" program and use avahi(40mhz-60mhz sideband)to create a network in your house(the acquire anything with a programmable chip). PLEASE refer to Tomeshardware article(how to spy on your neighbor with a $10 USB TV tuner) for more details. After taking control of your house they use your TV/Stereo to create dirty electricity in your house(Bad Frequencies Suck) to give you tinitus. They use white noise generator to broadcast messages like(go hang yourself) over and over but you end up being able to hear them because of fans and the dirty electricity.....They use QUANTUM X TOOLS(a automated program to follow you around(Voice Recignition from google, the chip in your car key, signing in any web site they know of and the list goes on and on).....Life has been hard, you cant work because they will place things on your employers computers to get you arrested, dont try to use your library account because thats the first thing they hack and fill it up will fake information of commiting crimes.......I have had no one to turn to and no help seems to be comming anytime soon....please keep all your internet actions anonomous because at any time this could happen to you.....Thanks for listening, this may have been in the wrong section, but i need to warn people of what has happened to me............

The only thing i love from bitcoin is the simplicity,really simple and fast..thats bitcoin
My favorit thing is when i bought some mobile top up from my phone,its just like i dont have to go anywhere and use credit card,but i can handle some money problem..great

My least favourite is when people took advantage using bitcoin, such as scammer, fraud, the problem is when they do criminal things using bitcoin it is almost impossible to track down the user because of the anonymous feature that bitcoin provides

farming faucets is not really worth the time. how much can a hardcore faucet farmer earn in let's say 1 day of full fauceting? $1 worth of bitcoin?

arguably right, earning bitcoin is the easiest job, you just have to sit in front of a laptop,
if you want to get bitcoin without any trouble you can try faucets, very easy

Yeah and it will cost you some money for the electric bill. Mining is really hard. That is why some finance this kind of investment for future preferences.

Totally agree with you buddy. Bitcoin is gaining popularity these days for being an easy way of making online payments and earning bitcoins for investment purpose is a good option. The only problem is that in my country-India bitcoins are not generally accepted as a mode of payment.

it take exactly 1.22 month to mine 1 btc with 1 antminer s7, even with diff increasing no more than 1.5 month, not that long if you consider that the price is $450 and not $10 anymore