Are we over complicating Bitcoin? - page 2.

Kprawn

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Quote from: thejaytiesto on July 17, 2017, 09:21:58 AM

Quote from: Kprawn on June 08, 2017, 11:44:57 AM

I think the services will make it less complicated. The exchanges has already said that most of them will support both the legacy coins and the

new BIP148 coins, if there are a Coin split. {Well most of them} I think the choice and decision making will be a bit tricky for the users, but once

this has been implemented for a while, things will become more familiar. There is always a bit of a learning curve with new ideas. Roll Eyes

The current situation is nothing short of a mess, but it's an uncommon situation. And not only you have to deal with potential BIP148 coins, but potential segwit2x coins... this is just nuts. We need to get rid of the current situation and congregate in only one bitcoin or else people are going to get tired and dump. Nobody wants to deal with several tokens.

Agreed, but Segwit2x is looking pretty strong at the moment. If this trend continues, we will not have much of a decision. I guess the majority has

already spoken and people will just follow the longest chain. In many instances, we worry about things that never happens, but we prepare for it in

any way. { Take insurance as an example - Most of the stuff you pay for never happens, but when it happens you are covered. } Wink

YarkoL

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Quote from: HeRetiK on July 16, 2017, 06:15:12 PM

Quote from: YarkoL on July 16, 2017, 02:26:24 PM

I think we are in the early days and Bitcoin is just an opening
shot for the evolution. We'll have second generation of cryptos
that are much more simpler, more anonymous and more scalable.

That would be incredibly nice, but I'm afraid that simplicity / anonymity / scalability will be at odds with each other for a pretty long time, especially when combined with decentralization / trustlessness / security. It already took a paradigm shift to bring the latter 3 together, not sure what it will take for the next step to occur.

Have a look at this.

thejaytiesto

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Quote from: Kprawn on June 08, 2017, 11:44:57 AM

I think the services will make it less complicated. The exchanges has already said that most of them will support both the legacy coins and the

new BIP148 coins, if there are a Coin split. {Well most of them} I think the choice and decision making will be a bit tricky for the users, but once

this has been implemented for a while, things will become more familiar. There is always a bit of a learning curve with new ideas. Roll Eyes

The current situation is nothing short of a mess, but it's an uncommon situation. And not only you have to deal with potential BIP148 coins, but potential segwit2x coins... this is just nuts. We need to get rid of the current situation and congregate in only one bitcoin or else people are going to get tired and dump. Nobody wants to deal with several tokens.

Rosabel

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BTC first of all we must known that to create our wallet and which coin is wanted to invest and which is store in their wallet.some non technical users of bitcoin technology they are create their state more complicated.BTC

Vixmore

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Well, there will always be a technical aspect to Bitcoin. However, on just the consumer side, it is a simplified version of Bitcoin. You do not necessarily need to have a huge amount of knowledge to be able to use bitcoin as a transaction method. Just send and receive through wallets such as coinbase or blockchain. They simplify the whole network down enough to an easily understandable level.

I do not think that we are over complicating bitcoin as there are a large amount of people that want to know about the blockchain network and how that works. As the popularity is increasing, so will its knowledge. Cryptocurrencies will be the future, so it makes sense for people to learn about it at an 'early' stage.

HeRetiK

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Quote from: YarkoL on July 16, 2017, 02:26:24 PM

I think we are in the early days and Bitcoin is just an opening
shot for the evolution. We'll have second generation of cryptos
that are much more simpler, more anonymous and more scalable.

That would be incredibly nice, but I'm afraid that simplicity / anonymity / scalability will be at odds with each other for a pretty long time, especially when combined with decentralization / trustlessness / security. It already took a paradigm shift to bring the latter 3 together, not sure what it will take for the next step to occur.

YarkoL

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The basic ideas behind cryptocurrency are not that difficult to
understand by non-technical people, although it demands a kind
of change of thinking to let it truly sink in.

I think we are in the early days and Bitcoin is just an opening
shot for the evolution. We'll have second generation of cryptos
that are much more simpler, more anonymous and more scalable.

bet101

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Quote from: Kakmakr on May 30, 2017, 01:55:51 AM

Our standard answer to people saying that Bitcoin is too complicated used to be, " Bank customers do not need to know how the internet ledgers of a bank work, to use their service " but now with the introduction of things like UASF people have to approach their merchants and exchanges and services to figure out what services will be safe to use, depending on what route those services will be going with this scaling option.

Are we over complicating Bitcoin for non-technical users of this technology? < They have no clue what chain split and soft forks are, and should they be that involved? >

Our goal should be to make it very simple for Granny to understand and to grow adoption. ^hmmmmmm^

Imagine if the reserve bank issued 2 different types of $1 notes and one type of note was accepted at specific merchants and not at other. This will create a lot of confusion with the general public.

Example : https://www.reddit.com/r/Bitcoin/comments/6e25yx/im_investing_on_bitcoin_for_some_time_but_what/

I do agree with your comment, but i do also know that many people out there are really interested in knowing how bitcoin works and whats behind this so called new technology for the common person.
The question is if there is a way to simplify the way people will understand the whole tech, most people only hear about the gains other people made with bitcoin but they are still completely unfamiliar with it.

HeRetiK

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I don't think we're overcomplicating Bitcoin. You don't need to know a whole lot about hard forks and UASF to continue using it as a regular user - as a regular user all you need to know is that there are certain timeframes where it may be wise to avoid making transactions. The details behind it don't really matter. You can get involved, but you don't have to. However that you can get involved is one of the greatest privileges of crypto. Getting involved in traditional banking is a tad bit harder.

Quote from: zilions on July 13, 2017, 09:07:39 AM

Bitcoin was not made to scale as easy as newer blockchains are, mainly because newer applications knew the problems they had to overcome by looking at Bitcoins mistakes.

I personally am not fully convinved of the scalability of newer blockchains yet. Most of them have to reach Bitcoin level transactions yet, and those who have, even if just for a short time, didn't scale so well either. (I'm looking at you, Ethereum)

aajnbtc

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Quote from: Kakmakr on May 30, 2017, 01:55:51 AM

Our standard answer to people saying that Bitcoin is too complicated used to be, " Bank customers do not need to know how the internet ledgers of a bank work, to use their service " but now with the introduction of things like UASF people have to approach their merchants and exchanges and services to figure out what services will be safe to use, depending on what route those services will be going with this scaling option.

Are we overcomplicating Bitcoin for non-technical users of this technology? < They have no clue what chain split and soft forks are, and should they be that involved? >

Our goal should be to make it very simple for Granny to understand and to grow adoption. ^hmmmmmm^

Imagine if the reserve bank issued 2 different types of $1 notes and one type of note was accepted at specific merchants and not at other. This will create a lot of confusion with the general public.

Example : https://www.reddit.com/r/Bitcoin/comments/6e25yx/im_investing_on_bitcoin_for_some_time_but_what/

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The problem with the overcomplication is it is only overcomplicated if a person does not seek the knowledge to understand the intricacies of Bitcoin.

I am not saying that people should all just dedicate their lives to trying to understand Bitcoin, however, if you are going to be owning the token then you should understand how it works.

If we applied this exact same principle to the fiat money we all use today, no one would ever use banks because they would see the system for what it is.

So, the message is, overcomplication is actually a good thing because it drives people to learn and understand as opposed to just sitting and listening to others that are deemed 'more intelligent', instead of raising one's own intelligence so that they do understand. If we don't force ourselves to learn and innovate we are not moving forward and away from the same corrupt and flawed system, we have today.

Knowledge is power and power is derived from intelligence. If you do not make yourself uncomfortable you will never grow as a person.

zilions

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Hard to say. In my opinion, we're using a technology far before its time.

A great way of putting it is to think of blockchain technology as a 22nd-century mainstream take up. The internet was invented 34 years ago (1983) and we're still performing large scale upgrades to it constantly and making it better. Australia is performing large-scale national upgrade. They're half way through upgrading the country, and yet when they plan to finish (in a few years time) the technology will already be deprecated and will need another upgrade!

Bitcoin was not made to scale as easy as newer blockchains are, mainly because newer applications knew the problems they had to overcome by looking at Bitcoins mistakes. I trust the minds behind the Bitcoin development community and believe what they are doing is right, as a hard fork would have been a very hard decision to go forward with.

The blockchain still has a very long way to go to be perfect. Transactions still take minutes, which is far too slow for a mainstream adoption for large applications such as databases and storage. But until then, we can keep innovating, challenging and questioning the technology to help perfect it.

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Quote from: BitcoinBallerina on July 01, 2017, 12:32:27 AM

Bitcoin is for a fact overcomplicated. For some reason, it is still very difficult for complete noobs to purchase in under 10 minutes, whereas anyone can buy stuff from Amazon with 1-click... using a traditional credit card.

How buying or using Bitcoin is overcomplicated. You just need to enter the amount you want to buy and click a "Buy" button. If it was years ago where not a lot of payment methods were offered, or with a fastidious process ok. But now I don't see how we could make it more fast and easy to buy some BTC. There are all of payment methods offered, wallets so easy to use that a baby could do it with one hand and the other with a baby bottle

investFeed

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Quote from: iram1011 on July 12, 2017, 09:20:33 PM

Bitcoin being a technology inclusive currency. I think we can't really escape from technical aspects of it. We as a community should help each other and make the situation clear for non tech people and we at the most part are doing that.

It has to definitely be community driven.

iram1011

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Bitcoin being decentralised will remain a chaos. Just because it is decentralised, for making any major change we need to have a majority which is not the case in centralised currency. A central authority has the major right and changes could be made without anybody knowing anything. But in Bitcoin, everything is transparent and open to discussion. This over complicate things because people start speculation. On one hand this is advantage but on other it creates confusion in not tech people. But I think bitcointalk or a just a google search can help people to solve their problems regarding all the new chaos and confusion related to technical aspects.

Bitcoin being a technology inclusive currency. I think we can't really escape from technical aspects of it. We as a community should help each other and make the situation clear for non tech people and we at the most part are doing that.

investFeed

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Quote from: iamTom123 on July 03, 2017, 09:50:44 AM

We are just actually having the side-effects of information overload. What we should do is not to hide those technical things which can be hard to grasp by ordinary people (just like me!) but create an educational system where complicated things can be downsized in pieces which we can all bites. In other words, there must be a way to simplify things for the sake of newbies while not withdrawing the chance for the advanced learners to satisfy their cravings.

It seems to be the reason for most of the confusion - a streamlined crypto-focused social network could greatly assist this.

iamTom123

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We are just actually having the side-effects of information overload. What we should do is not to hide those technical things which can be hard to grasp by ordinary people (just like me!) but create an educational system where complicated things can be downsized in pieces which we can all bites. In other words, there must be a way to simplify things for the sake of newbies while not withdrawing the chance for the advanced learners to satisfy their cravings.

I mean, this must be something for everyone if we have to make the adoption of Bitcoin truly global so that a teenager can have Bitcoin as well as a grandmother who can be 94 years old already. Bitcoin is really for all types of people regardless of age, race, sexuality or whatever they may have under their pockets.

I do understand your concern what will all crazy jargon related to Bitcoin...it can sometimes be a little dizzy wading through with those terms.

BitcoinBallerina

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Presale is live!

Bitcoin is for a fact overcomplicated. For some reason, it is still very difficult for complete noobs to purchase in under 10 minutes, whereas anyone can buy stuff from Amazon with 1-click... using a traditional credit card.

Zadicar

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Even myself have been involved on cryptocurrency for how many years i do have still some questions on my mind remained unanswered specially on technical aspects on Bitcoin,im still confused and still studying on it also to other altcoins in the market. Telling other people about bitcoin directly on technical aspects then i would say they wont really put interest at all since they dont have any idea on what you are saying thats why as a bitcoin user and do really concer on adoption progress then explaining to individuas on simple aspects of BTC would somehow help but only on small scale. The best move is to make organization or group on your place which do conduct some seminars or other stuffs that do make exposure on bitcoins existence and its usage/capabiities.

ViceOfBTC21

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For now, no. We can't describe it in any simpler way for now. Maybe in the future no one will care Bitcoin from technical side since Bitcoin is going to be used in parallel with fiat.

iamTom123

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Actually you have a big and quite legit point. When I started with Bitcoin I was then facing a blank wall and even up to now there are still so many things I don't understand as I am considered as a very technically-challenged guy. Coupled with information overload and opposing opinions we can all read around, it can sometimes be very confusing as if I am getting drowned in a sea of data.

However, there are some things that may not be easy to simplify though I would very much welcome an effort to make things easier to grasp. Technical matters can be given more understanding by connecting them with things ordinary guys are used to seeing and using. The question then is who can make these things for us?

Right now, I am still continually learning new things on cryptocurrency and now can even do some trading in a popular trading site. At least I could proclaim that am not a newbie in cryptocurrency anymore but definitely not yet approaching an expert position.

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