The biggest problems of Bitcoin that people are not ...

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.

Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.


For discussion about Litecoin, the leading cryptocurrency derived from Bitcoin. Litecoin is developed with a focus on speed, efficiency, and wider initial coin distribution through the use of scrypt-based mining.

Is the ‘Two Bitcoin Problem’ a Serious Risk for the Cryptocurrency?

Is the ‘Two Bitcoin Problem’ a Serious Risk for the Cryptocurrency? submitted by kyletorpey to Bitcoin [link] [comments]

Institutional Money In Bitcoin: Problem or Solution? An Expert Take

submitted by Smooth-Fold to FinancialPlanning [link] [comments]

Institutional Money In Bitcoin: Problem or Solution? An Expert Take

submitted by Smooth-Fold to Bitcoin [link] [comments]

Institutional Money In Bitcoin: Problem or Solution? An Expert Take

submitted by Smooth-Fold to Economics [link] [comments]

07-03 11:55 - 'Bitcoin problems' (self.Bitcoin) by /u/daniel446 removed from /r/Bitcoin within 4155-4165min

The most critical flaw in Bitcoin is its lack of privacy. If you give me your Bitcoin wallet address so that I can send you a payment, you immediately compromise your privacy. I can see as a matter of public record how much money you have in your Bitcoin wallet (there are messy workarounds to attempt to fix this problem, which we will address shortly). The same situation applies even if you are the one sending Bitcoin. Any recipient can then see how much money you have in your Bitcoin wallet, both now and in perpetuity. To understand how critical this privacy problem is, consider the following scenarios:
  1. You are travelling through parts of a country with a medium to high violent crime rate. You need to use some of your Bitcoin to pay for something. If every person you transact with knows exactly how much money you have, this is a threat to your personal physical safety.
    1. You are a business that receives a payment from a supplier. That supplier will be able to see how much money your business has, and therefore can guess at how price sensitive you are in future negotiations. They can see every single other payment you’ve ever received to that Bitcoin address, and therefore determine what other suppliers you are dealing with and how much you are paying those suppliers. They may be able to roughly determine how many customers you have and how much you charge your customers. This is commercially sensitive information that damages your negotiating position enough to cause you relative financial loss.
    2. You are a private citizen paying for online goods and services. You are aware that it is common practice for companies to attempt to use ‘price discrimination’ algorithms to attempt to determine the highest prices they can offer future services to you at, and you would prefer they do not have the information advantage of knowing how much you spend and where you spend it.
    3. You sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment.
source: [[link]2

What have been done to avoid such problems?
Bitcoin problems
Go1dfish undelete link
unreddit undelete link
Author: daniel446
1: w*w.*oner**how/why-mon*r**vs-bi*co*n 2: www.monero.*o*/***-moner**vs**itco*n]^^1
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

cashapp bitcoin problems

I sent BTC to my cashapp wallet yesterday afternoon, after looking up the wallet address on blockchain i can see that the transaction went through but i still have no BTC in my wallet 12 hours or so later, i sent an email to support with no reply yet, hopefully can get some help here seeing how over 1000 dollars is missing now....
submitted by tburdick838 to CashApp [link] [comments]

Institutional Money In Bitcoin: Problem or Solution? An Expert Take

submitted by Smooth-Fold to btc [link] [comments]

Bitcoins problem

Am I the only one whom this happens? When I set my mining pcs up, and I leave them alone until the end of the session, sometimes I get random quantity of bitcoins, like 2.8 instead of the usual 5 and something. This happens even if I withdraw bitcoins mid-session, and then come back after, I find different values than the expected
submitted by _ExCuSe_Me_ to PcCreatorGame [link] [comments]

Peter Schiff's lost bitcoin problem solved. Admits mistake: He confused his app pin for his password: his wallet was never corrupted. However, because he does not know what his password is, he has lost access to his bitcoin nonetheless.

Peter Schiff's lost bitcoin problem solved. Admits mistake: He confused his app pin for his password: his wallet was never corrupted. However, because he does not know what his password is, he has lost access to his bitcoin nonetheless. submitted by 333929 to btc [link] [comments]

WTF is Bitcoins problem; its supposed to be going down right now.

Come on Bitcoin, do your crashy thing. There havnt been significant advances in Bitcoin for 2 years.
submitted by luckdragon69 to Bitcoin [link] [comments]

Cashapp bitcoin problems

Any bitcoin purchases I try to make fail UNLESS they're under 200 dollars, and even then it's mostly random. Here are some examples, both failed and successful:
1800 - failed 480 - failed 195 - succeeded 250 - failed 100 - succeeded 145 - succeeded 125 - failed 135 - succeeded 100 - succeeded
In total, I was able to purchase about 770, but now everything I try fails, even 20 bucks. Why does a 250 fail, but then multiple transactions over 100 succeed? And why am I now unable to purchase ANY amount? It's so... RANDOM.
This account is only a couple of weeks old, and has only ever had one withdrawal to my personal wallet. I understand accounts can get flagged if they're being used for questionable activity, but that's not the case here. I've also done every verification possible, with no issues.
The payment source is my bank - I've verified that this is not getting refused there. I've tried on other wifi networks, over my cell service, on another device, etc.
u/CashAppAndi - What can I do to find out what's going on with this? I can send you a DM with my cashapp info if you let me know someone can look into it.
Edit: Now I get "Sorry, you've reached your daily limit of purchases". I only had 5 or 6 successful transactions, so I assume this is counting all the failed transactions as well.
submitted by nnlocke to CashApp [link] [comments]

Nobody blames a currency when criminals launder money, but if they used BitCoin suddenly it’s a BitCoin problem

The same happened to the internet. If someone was murdered by someone they met on the internet, media blames the internet.
20 years later people are over it because they all use the internet now.
Will we ever get impartial news? When are people going to stop forgetting society always does this?
Edit: I mean currency as a system (USD, not cash) Edit: I don’t have the headspace to fuss about capitalisation anymore sorry folks, if it’s not Github it’s GitHub, BitCoin, Bitcoin, whatever, you understood the message
submitted by svpersteve to Bitcoin [link] [comments]

Bitcoin problems - Bitcoin Gambling - Craig Wright | SiGMA

Bitcoin problems - Bitcoin Gambling - Craig Wright | SiGMA submitted by zhell_ to bitcoincashSV [link] [comments]

Trump wants the Secret Service to tackle the Bitcoin problem

Trump wants the Secret Service to tackle the Bitcoin problem submitted by serenity2021 to ethtrader [link] [comments]

Bitcoin problems - Bitcoin Gambling - Craig Wright | SiGMA

Bitcoin problems - Bitcoin Gambling - Craig Wright | SiGMA submitted by cryptorebel to bitcoincashSV [link] [comments]

CASHAPP and buying bitcoin (problem that is making me BRM)

Hey guys . So I always make purchases with my cashapp account with no problem whatsoever.
I went to try and buy some bitcoin and the app ALWAYS says transaction failed, without giving me any sort of reason why.

I have a legit bank card that is VISA and also debit, so the money is 100% on there , always.

Can anyone explain to me why the CashApp all of a sudden now wont let me buy bitcoin?
thanks cuz I am BRM.

(Note: BRM is short for blood red mad. )
submitted by surrealica to CashApp [link] [comments]

My Name is Fiach_Dubh, and I Have a Bitcoin Problem. It's been 21 Days Since I bought my last Hardware Wallet.

My Name is Fiach_Dubh, and I Have a Bitcoin Problem. It's been 21 Days Since I bought my last Hardware Wallet. submitted by Fiach_Dubh to Bitcoin [link] [comments]

Bakkt Bitcoin Problem | Cardano Payment Gateway Live | ZCOIN | Skrill | London Stock Exchange | BTC

Bakkt Bitcoin Problem | Cardano Payment Gateway Live | ZCOIN | Skrill | London Stock Exchange | BTC submitted by Bizzle1407 to Bitcoin [link] [comments]

Bitcoin problems please help me!!!

So a couple weeks ago I downloaded bitcoin core because all my resources said it was the best. I, not knowing it didn’t sync yet, sent my bitcoin to it and then realized after that it didn’t sync, and won’t sync. I deleted everything off my computer to see if there would be enough space for it and it didn’t work. Then I researched and saw somewhere how to transfer the funds to electrum. I just did that and in Electrum it says it is “watching only” so I can’t use the coins. How do I fix this? I really don’t want to lose all this money and I just want to figure it out, I’ve been dealing with this for 3 weeks now please help me!!
submitted by mpacos to Bitcoin [link] [comments]

Re: Email and Bitcoin Problems to solve.

There are a couple of conflicts to resolve which will speed up the writing of the actual White Paper on this and then the working code. Also the Network Configurations for a Distributed Server Network .
Note: This idea can be implemented on a new Blockchain which is much different from anything tried so far, with the Blockchain just storing data in a Untampered form and not required for sub-nodes to operate properly.
The System will eventually reside on a new satellite network with restricted access and ultra-low latency. An optical connection will connect the nodes in orbit via microwave transmission and also to ground nodes, a block being formed from all transactions available within the time to send a signal around the Earth via the three space nodes.
The SPLIT WALLET will not ever contain unencrypted private keys, i have a correction here to what I have written previously.
The Private Keys will always be encrypted by the System Master Key. The Keys will also always be encrypted by the customer receiving them's Public Encryption Key.
Note: even if the device is hacked and the System Master Key exposed ( which will be made impossible by technical design factors) the key revealed will be the Public Key of the Master Node which can only be used to send the bitcoin in encrypted form to any node.
The only node which will be able to De-Crypt the System Key will be the System Node which will be on the satellite network.
Thus customers will only posses an encrypted version of the Bitcoin private keys associated with their device, and will not be able to spend the bitcoin outside the network without going through the Main Node.
Apon request the FAST BITCOIN will be sent to the customer over the regular bitcoin blockchain or mailed out as physical bitcoins.
submitted by bubbleHead3 to emailcoin [link] [comments]

A collection of evidence regarding Bitcoin's problem and takeover (January 2018)

On November 22th I posted this
On December 27th I posted [this](
I have added a lot more links now, please give feedback on what else I could add for next time I will add (few weeks/month).
1 The history between btc and bitcoin
Archive link link
2 A brief and incomplete history of censorship in /Bitcoin
Archive link
3 User posts on bitcoin about 6900 BTC that theymos stole, post gets removed.
Archive link
4 Go to /noncensored_bitcoin to see posts that have been censored in /bitcoin
5 Theymos caught red-handed - why he censors all the forums he controls, including /bitcoin
Archive link
6 User gets banned from /bitcoin for saying "A $5 fee to send $100 is absolutely ridiculous"
Archive link
7 Greg Maxwell caught using sockpuppets
Archive link
8 Wikipedia Admins: "[Gregory Maxwell of Blockstream Core] is a very dangerous individual" "has for some time been behaving very oddly and aggressively"
Archive link
9 Remember how lightening network was promised to be ready by summer 2016?
Archive link
10 rBitcoin moderator confesses and comes clean that Blockstream is only trying to make a profit by exploiting Bitcoin and pushing users off chain onto sidechains
Archive link
11 "Blockstream plans to sell side chains to enterprises, charging a fixed monthly fee, taking transaction fees and even selling hardware" source- Adam Back Blockstream CEO
Archive link
Twitter proof
Twitter Archive link
12 September 2017 stats post of bitcoin censorship
Archive link
13 Evidence that the mods of /Bitcoin may have been involved with the hacking and vote manipulation "attack" on /Bitcoin.
Archive link
14 bitcoin mods removed top post: "The rich don't need Bitcoin. The poor do"
Archive link
15 In January 2017, someone paid 0.23 cents for 1 transaction. As of December 2017, fees have peaked $40.
16 Told to kill yourself by Bitcoin for cashing out
17 Bitcoin is a captured system
18 Bot attack against bitcoin was allegedly perpetrated by its own moderator and Blockstream’s Greg Maxwell
19 Remember: Bitcoin Cash is solving a problem Core has failed to solve for 6 years. It is urgently needed as a technical solution, and has nothing to do with "Roger" or "Jihan".
20 Bitcoin Cash has got nothing new.
21 How the Bilderberg Group, the Federal Reserve central bank, and MasterCard took over Bitcoin BTC
More evidence
22 Even Core developers used to support 8-100MB blocks before they work for the Bankers
23 /Bitcoin loves to call Bitcoin Cash "ChinaCoin", but do they realize that over 70% of BTC hashrate comes from China?
24 /bitcoin for years: No altcoin discussion, have a ban! /bitcoin now: use Litecoin if you actually need to transact!
25 First, they said they want BCH on coinbase so they could dump it. Now they are crying about it because it's pumping.
26 Luke-Jr thinks reducing the blocksize will reduce the fees..
27 Core: Bitcoin isn't for the poor. Bitcoin Cash: we'll take them. Our fees are less than a cent. Core: BCash must die!
28 How The Banks Bought Bitcoin. The Lightning Network
29 Big Blocks Can Scale, But Will It Centralize Bitcoin?
30 "Fees will drop when everyone uses Lightning Networks" is the new "Fees will drop when SegWit is activated"
31 Adam Back let it slip he hires full-time teams of social media shills/trolls
32 The bitcoin civil war is not about block size; it's about freedom vs. authoritarianism
33 Why BCH is the real Bitcoin
34 We don't need larger blocks, since lightning will come someday™, the same way we don't need cars or planes since teleporters will come someday™
35 We don't need larger blocks, since lightning will come someday™, the same way we don't need cars or planes since teleporters will come someday™
36 Facts about Adam Back (Bitcoin/Blockstream CEO) you heard it right, he himself thinks he is in charge of Bitcoin.
37 A explaination why Core's vision is different from the real Bitcoin vision
38 The dangerously shifted incentives of SegWit
39 Lighting Network was supposed to be released in 2016
40 You can now store a year's worth of continuously full 8MB blocks for the cost of a single BTC transaction
41 They say we are trying to Kill Bitcoin. No, we are not. We are trying to save it, and make it usable for everyone, and everything. Not tomorrow. Not 6 months from now, Not 18 Months from now. NOW. That's what's going on Here.
42 Miners that want to pull out daily have to switch to BCH due to the fees
43 At $25 #BTC tx fees, if miners want to withdraw their revenue daily, they require a minimum of $140,000 worth of mining hardware to reduce the tx fee to less than 1% of their outgoings. At a $100 tx fee it requires min $560,000. Which is the centralising coin again?
44 Core developer : Bitcoin fees too high? You have invested in early tech! Have faith. Give us time.
45 A redditor even predicted the /bitcoin front page
46 Elizabeth Stark of Lightning Labs admits that a hostile actor can steal funds in LN unless you broadcast a transaction on-chain with a cryptographic proof that recovers the funds. This means LN won't work without a block size limit increase. @8min17s
47 /bitcoin is in uproar about Coinbase not implementing Segwit -> mempool mooning is single handedly Coinbase' fault. So all it takes to bring bitcoin to its knees is a single corporate entity not implementing segwit? Me thinks its not Coinbase there's something wrong with.
48 /bitcoin for years: No altcoin discussion, have a ban! /bitcoin now: use Litecoin if you actually need to transact!
49 $BCH has been attacked in every way possible since it's creation. Exchanges listing it with deceiving names and abbreviations; being dumped by bitcoin holders for over 6 months; and it still managed to close every month positively, while adding numerous new wallet/exchange pairs
50 theymos claims that the whitepaper is a historical artifact not worthy of being on the sidebar of bitcoin
51 Even a Bitcoin conference can't use Bitcoin because of it's high fees
52 185% Growth in Active Addresses for BCH in 1 month, 125% for ETH, -5% for BTC
53 Shapeshift: "Sub-$100 fees unadvisable on BTC." Core supporters: "Implement Segwit already!" Shapeshift: "We did. We're the biggest user of Segwit."
54 How btc and Bitcoin see each other
55 Man who vandalized Bitmain's office hired by Blockstream
56 Bitcoin Cash vs Bitcoin Core compared. Just the facts
57 It was obvious from the very beginning that #Bitcoin transactions were meant to be as cheap as possible. Bitcoin Core has destroyed Bitcoin's usefulness as money by creating a system where $30 fees are celebrated. - @Bitcoin
58 User explains why Core's vision is not the real Bitcoin vision
59 Fake Tweet from the president bashes BCH on /bitcoin front page. Calling it exactly what it is will get you banned.
60 A public appeal to Michael Marquardt the original Theymos.
61 Now they are angry at the CEO of Coinbase for supporting BCH. It's like you are not allowed to have your own opinion without getting attacked.
62 bitcoin user says Bitcoin should not be used as a cryptocurrency
63 The five stages of grief, transaction fees
64 A brief history of the attempted takeover of Bitcoin by BlockstreamCore/The legacy banking systems/The Powers That Be
65 Warning! Theymos admitted he 'misled millions of people' yet he wanna 'leave the text as it is' to mislead more people!
66 "Wait. What? My private keys need to be on an internet-connected computer in order to use Lightning Network?"
67 a year ago Adam Back accused u/Jacktenz of exaggerated claims about fees. The truth is the claims were understated!
68 Roger Ver was not selling explosives, he was selling firecrackers.
69 Core devs pop champaigne, and openly celebrate high fees. Now core supporters blame coinbase for high fees?
70 Now that we've had a few 8MB blocks, let's dispel this centralisation myth once and for all.
71 Reddit admin sodypop on censorship in /Bitcoin: "We generally allow moderators to run their communities how they like as long as they are within our site-wide rules and moderator guidelines." Blatant censorship, hacking, vote manipulation, and brigading are "within [Reddit's] site-wide rules".
72 Another obvious sockpuppet account being used to push Blockstream's agenda.
73 Totally organic grassroots support for the #NO2X "movement." Definitely not a purchased sockpuppet account, you guys.
74 Charlie Lee [Litecoin creator]: "I have sold and donated all my LTC [...] Litecoin has been very good for me financially, so I am well off enough that I no longer need to tie my financial success to Litecoin’s success"
75 If it’s inaccessible to the poor it’s neither radical nor revolutionary.
76 BSCoretabs shills are vandalizing Wikipedia to smear Roger Ver with false quoting, missparaphrasing and accusations.
77 Introducing dipshit extraordinaire Warren Togami, the link between Theymos and BlockStream
78 Debunking: "Blockstream is 3 or 4 developers out of hundreds of developers at Core" - Tone Vays
79 This blockchain debate is purely political and is not about scaling but about control. X-Post from /bitcoin
80 A profile to look at for more evidence
81 What exactly is Blockstream Core's excuse for causing a year of stagnation in Bitcoin with no end in sight?
82 We have a way to build bank-like services.
83 "There is a reason why things are done in a certain way in the financial system, and Bitcoin will be doing something similar"
84 Some thoughts about the possible Bitcoin Segwit, Bilderberg/AXA/BockStream/Core, In-Q-Tel, CIA connection.
85 Theymos on Bitcoin XT
86 (If this is not allowed mods, please remove this text) I cannot verify this yet, but a source has given me information about theymos. theymos is known as Michael Marquardt, from Wisconsin and is a graduate from the University of Wisconsin as a computer-science student.
submitted by thepaip to btc [link] [comments]

#crypto #cryptonews #bitcoin #Problem with Electron Cash on Linux: I can only run it as root

submitted by nrposter to Cryptoandme [link] [comments]

BITCOINS GRÖßTES PROBLEM LÖSEN The Big Problem with Bitcoin Bitcoin Problems - Computerphile - YouTube Bitcoins MAIN Problem. bitcoin problem #3: mystery number [SOLVED]

Bitcoin’s halving, its third, on May 11 2020 put it back in the news – as if it’s ever far away – and means Bitcoin miners now receive 6.25 bitcoins. We decided to use this event as an opportunity to remind ourselves of the fundamental tenets of this cryptocurrency phenomenon, and the problems that it solves. But what is interesting is that there are additional and bigger problems specifically with regard to Bitcoin. First, Bitcoin has a limited number of “coins” that amounts to 21 million BTCs ... Bitcoin’s Proof of Work algorithm is based on SHA-256. Using this, miners solve computationally difficult math problems to add blocks into the blockchain. Bitcoin blocks are added by verifying the hashes on a lottery basis. If the SHA-256 algorithm is ever broken, Bitcoin will face huge problems. That’s why new altcoin algorithms are being ... Bitcoin addresses global problems in a way that is accessible only to a few. This is due to its technical design as well as its current political story (see problems #4, 6 and 8). Bitcoin like any other cryptocurrency has advantages and disadvantages. So, there is a downside of Bitcoin problems. Wallet is poorly protected from attacks []. By default Bitcoin wallet isn't encrypted. For this reason, it becomes an easy prey to scams.

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This video talks about Bitcoins main problem and also some other things going on in the market to be aware of! My Business Email - [email protected] #Bitcoin #Cryptocurrency #BTC. Category ... my eigth video feel free to comment below. here is a problem for you to solve!!!! comment below your answer with an explanation. the best answer i get will be immortalized in an upcoming solution ... The Big Problem with Bitcoin Crypto Daily. Loading... Unsubscribe from Crypto Daily? ... Bitcoin Documentary Crypto Currencies Bitcoins Blockchain Digital Currency Money Gold ... In this video of Let's Invest we explore the problem with bitcoin and the problems with proposed solutions of segwit and bitcoin unlimited. We explain the cons that are built into bitcoin's code ... Bitcoin may be doomed to failure as the blockchain struggles to scale up; Professor Ross Anderson from the University of Cambridge explains. EXTRA BITS - Bit...