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    Author Topic: Some issues with Bitcoins that could affect beginners  (Read 1673 times)
    imperi (OP)
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    July 09, 2011, 08:07:19 AM
    Last edit: July 09, 2011, 08:24:52 AM by imperi
     #1

    I've been involved with Bitcoins for over a month now, and here is what I see as issues for beginners. These can all be fixed.


    It's difficult to know how and where to buy Bitcoins. I would have probably bought them in early May if someone spelled it out. There's no place that just spells out "Sign up at Dwolla. Go here. Do this."

    There is a general fear that you will enter the wrong address, or make some installation or configuration mistake that will erase all your coins.

    It's difficult to know whether your Bitcoins are truly secure or not, regardless of how many precautions you take. Maybe it's just me, but I'm always checking my balance to see if someone managed to steal my coins. I am pretty sure that it's an irrational fear, like when you're on a rollercoaster and it feels dangerous but really isn't.

    It's unclear that updating the client with a new version will not delete the current data.

    There is a graph showing the number of coins estimated to be in circulation by year, where the number produced declines more and more. It's unclear that the value of the coins does not also follow this graph, to someone not really thinking about it.

    The forums are quite childish in general and make this all seem like some sort of game, or something amateurish that is risky to put money into.

    The client needs to clearly say when it is ready to process transactions. It's very confusing to people when only 10k blocks are downloaded and the money won't go through.

    The Wiki for the businesses doesn't show the traffic to each one, or people's ratings of them. It's very hard to know which sites are good or not other than randomly guessing.
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