Like the title says, I'm conducting an informal survey of Bitcoin's biggest challenges. Specifically, I'd like to hear what you all think are the biggest challenges in three categories:
- Technically - As in the Bitcoin client, the operation of the system, mining, security, etc.
- Culturally - As in mainstream acceptance, user and merchant adoption, Bitcoin's image (or image problem), etc.
- Practicality - As in the practical uses and difficulties in Bitcoin (a good example would be people who worry over wait times for confirmations).
There's no need to limit your answers to one per category; feel free to pose as many as you like for each category or post answers to just one or two of them. Your answers can be as detailed or straightforward as you please.
Thanks, and I look forward to reading your responses!
Very interesting questions.
As Bitcoin client I think that security is fine but I'm not expert in this field.
Culturally, I think this is the biggest challenge for our Bitcoin community, how to make Bitcoin more popular, specially in young generation, so that step by step Bitcoin can become mainstream. If we don't succeed in this Bitcoin eventually can be just another good idea never realized fully. We should try to adverise Bitcoin more, and explain more to the public, specially to merchants, so that Bitcoin can be spend in many more ways, and this will eventually help that more people start using Bitcoin.
Practically I think very serious issue soon for all of us, who keep Bitcoin in hope that price will rise and we earn additional income from this, will be how to report this income to the tax offices.