Topic: Bitcoin is just to complicated for the average person to use.. - page 5. (Read 5879 times)
It's nothing complicated with bitcoin. I heard a few person saying that is complicate to use, but I can't understand why. I think everybody can use Bitcoint since everybody knows how use a smartphone or a computer.
the difference between the internet and bitcoin is nobody ever stole 3/4 of a million internets ...
Didn't someone steal 100 million internets from Sony a few months ago?
Bitcoin is doomed and Satochi is cashing out. Be quick.
Bitcoin wasn't , isn't and will never be doomed, it's decentralised after all and there will always be a demand and supply that will make a price for bitcoin. And Satoshi could have already dumped the coins and we don't know it yet, these are all speculations though. Bitcoin is just to complicated for the average person to use..
Yes, but bitcoin is just 1000X faster than international bank transfer/wire process speed. BTC costs a few minutes or highest a few hours to confirm, but bank needs at least 2-5 days to process an international bank wire. So complicated use is worth.
It doesn't matter if bitcoin is better,cheaper or faster the average Joe grew up with banks and bank accounts, his grandpa had a bank account, his father had a bank account and his son will have a bank account. People grew up with banks and not with bitcoin, we are the generation that will grow with both. We will be the ones that will choose over bitcoin than banks. Yes, but bitcoin is just 1000X faster than international bank transfer/wire process speed. BTC costs a few minutes or highest a few hours to confirm, but bank needs at least 2-5 days to process an international bank wire. So complicated use is worth.
Bitcoin is doomed and Satochi is cashing out. Be quick.
I concur! Add your obituary for Bitcoin here:
http://bitcoinobituaries.com/
Anyone have Satoshi's wallet address? Gots to trace that 1mill BTC dumping on the exchanges...
Sayonara BTC, you've had a good 6 year ride!
Just be the devils advocate for a moment. A lot is made of Satoshi's supposed millions, but no one really knows if he has any. It makes sense to me that he does have at least some. But the early wallet addresses have never moved and may have even been discarded during testing.
For example here we see block #2
https://blockchain.info/block/000000006a625f06636b8bb6ac7b960a8d03705d1ace08b1a19da3fdcc99ddbd
It was likely mined by Satoshi, but has never been touched.
So, Who knows?
Bitcoin is doomed and Satochi is cashing out. Be quick.
I concur! Add your obituary for Bitcoin here:
http://bitcoinobituaries.com/
Anyone have Satoshi's wallet address? Gots to trace that 1mill BTC dumping on the exchanges...
Sayonara BTC, you've had a good 6 year ride!
Bitcoin is doomed and Satochi is cashing out. Be quick.
As with any new technology, digital currencies like AppleByte can be hard to understand. Lets look at how AppleByte works.
How are digital currencies created?
Just like physical currencies, digital currencies (like AppleByte) don't just pop into existence, they have to be made. In physical currencies, paper bills are printed and coins are minted by government agencies, then distributed into the banking system. In the same way digital currencies must be created and distributed to users.
In a digital currency like AppleByte, the currency is created by a software application. This software runs on each computer connected to the AppleByte network. All of the computers connected to the network work together, sharing the complex calculations necessary to create each AppleByte, and a certain number of AppleBytes are created each day. This process is called mining, and is not free, as it costs computer power and electricity. To compensate computer owners for their work, AppleBytes are paid to the software users connected to the network. For more details on mining go here: Mining AppleBytes
How are balances kept and transactions processed?
Just like at your bank, your account balance and transactions are stored on a server. At your bank, the bank owns the server. But, as a digital currency, AppleByte’s account data resides on a peer-to-peer (computer-to-computer) network that consists of all the computers logged into the network. This allows for additional security as there is no single server that hackers can attack, and each transaction is verified by all the computers on the network. Just like logging into your bank account with your browser, you can see your AppleByte balance and spend them using the AppleByte Wallet App. The wallet gives you all the info you need, just like using your browser for banking transactions. The Wallet App is available in several versions: Online, MAC, Windows, Android, and IOS....
How are digital currencies created?
Just like physical currencies, digital currencies (like AppleByte) don't just pop into existence, they have to be made. In physical currencies, paper bills are printed and coins are minted by government agencies, then distributed into the banking system. In the same way digital currencies must be created and distributed to users.
In a digital currency like AppleByte, the currency is created by a software application. This software runs on each computer connected to the AppleByte network. All of the computers connected to the network work together, sharing the complex calculations necessary to create each AppleByte, and a certain number of AppleBytes are created each day. This process is called mining, and is not free, as it costs computer power and electricity. To compensate computer owners for their work, AppleBytes are paid to the software users connected to the network. For more details on mining go here: Mining AppleBytes
How are balances kept and transactions processed?
Just like at your bank, your account balance and transactions are stored on a server. At your bank, the bank owns the server. But, as a digital currency, AppleByte’s account data resides on a peer-to-peer (computer-to-computer) network that consists of all the computers logged into the network. This allows for additional security as there is no single server that hackers can attack, and each transaction is verified by all the computers on the network. Just like logging into your bank account with your browser, you can see your AppleByte balance and spend them using the AppleByte Wallet App. The wallet gives you all the info you need, just like using your browser for banking transactions. The Wallet App is available in several versions: Online, MAC, Windows, Android, and IOS....
This is a wonderfully easy example. I just emailed it to a couple of family members that understand Bitcoin as 'Magical internet money that somehow does things and don't touch the miner things'
Thank you for this example. Thinking of it in perspective to fiat and the current banking systems makes it understandable.
Cheers!
Explaining digital currencies in a brief conversation is very difficult. There is so much to understand and it is wrapped in vocabulary the general public does not understand: wallet, blockchain, mining, faucets, pools, etc.
As the founder of AppleByte (digital currency supporting artists), I can share the method that has worked very well for us. In almost a year of building a user community of over 57,000 in social media, we have hit on a method of explaining cryptos clearly enough that the everyday user can understand and take the first step to get started. Then over time, we can get more and more technical if the user is interested.
This method certainly works with Bitcoin as well
You can see what we do on in our blog post How do digital currencies work
Or for convenience, I reproduced the part that is relevent to Bitcoin below:
As with any new technology, digital currencies like AppleByte can be hard to understand. Lets look at how AppleByte works.
How are digital currencies created?
Just like physical currencies, digital currencies (like AppleByte) don't just pop into existence, they have to be made. In physical currencies, paper bills are printed and coins are minted by government agencies, then distributed into the banking system. In the same way digital currencies must be created and distributed to users.
In a digital currency like AppleByte, the currency is created by a software application. This software runs on each computer connected to the AppleByte network. All of the computers connected to the network work together, sharing the complex calculations necessary to create each AppleByte, and a certain number of AppleBytes are created each day. This process is called mining, and is not free, as it costs computer power and electricity. To compensate computer owners for their work, AppleBytes are paid to the software users connected to the network. For more details on mining go here: Mining AppleBytes
How are balances kept and transactions processed?
Just like at your bank, your account balance and transactions are stored on a server. At your bank, the bank owns the server. But, as a digital currency, AppleByte’s account data resides on a peer-to-peer (computer-to-computer) network that consists of all the computers logged into the network. This allows for additional security as there is no single server that hackers can attack, and each transaction is verified by all the computers on the network. Just like logging into your bank account with your browser, you can see your AppleByte balance and spend them using the AppleByte Wallet App. The wallet gives you all the info you need, just like using your browser for banking transactions. The Wallet App is available in several versions: Online, MAC, Windows, Android, and IOS....
As the founder of AppleByte (digital currency supporting artists), I can share the method that has worked very well for us. In almost a year of building a user community of over 57,000 in social media, we have hit on a method of explaining cryptos clearly enough that the everyday user can understand and take the first step to get started. Then over time, we can get more and more technical if the user is interested.
This method certainly works with Bitcoin as well
You can see what we do on in our blog post How do digital currencies work
Or for convenience, I reproduced the part that is relevent to Bitcoin below:
--------------------------------------------------------------------
As with any new technology, digital currencies like AppleByte can be hard to understand. Lets look at how AppleByte works.
How are digital currencies created?
Just like physical currencies, digital currencies (like AppleByte) don't just pop into existence, they have to be made. In physical currencies, paper bills are printed and coins are minted by government agencies, then distributed into the banking system. In the same way digital currencies must be created and distributed to users.
In a digital currency like AppleByte, the currency is created by a software application. This software runs on each computer connected to the AppleByte network. All of the computers connected to the network work together, sharing the complex calculations necessary to create each AppleByte, and a certain number of AppleBytes are created each day. This process is called mining, and is not free, as it costs computer power and electricity. To compensate computer owners for their work, AppleBytes are paid to the software users connected to the network. For more details on mining go here: Mining AppleBytes
How are balances kept and transactions processed?
Just like at your bank, your account balance and transactions are stored on a server. At your bank, the bank owns the server. But, as a digital currency, AppleByte’s account data resides on a peer-to-peer (computer-to-computer) network that consists of all the computers logged into the network. This allows for additional security as there is no single server that hackers can attack, and each transaction is verified by all the computers on the network. Just like logging into your bank account with your browser, you can see your AppleByte balance and spend them using the AppleByte Wallet App. The wallet gives you all the info you need, just like using your browser for banking transactions. The Wallet App is available in several versions: Online, MAC, Windows, Android, and IOS....
TIL Bitcoin users are above the 'average' person.
I will tell you this, now it is just infancy time for bitcoin or cryptocurrency in general. Imagine internet in mid 90. When the only way to use an internet was to own a modem and pay gigantic phone bills everymonth.Bitcoin is new and might be eccentric even for some people but will tell you this! "Do not fear to be eccentric in opinion, for every opinion now accepted was once eccentric."
Give it time guys, Bitcoin is a guaranteed success, it just needs a decade.
TIL Bitcoin users are above the 'average' person.
I will tell you this, now it is just infancy time for bitcoin or cryptocurrency in general. Imagine internet in mid 90. When the only way to use an internet was to own a modem and pay gigantic phone bills everymonth.Bitcoin is new and might be eccentric even for some people but will tell you this! "Do not fear to be eccentric in opinion, for every opinion now accepted was once eccentric."
Bitcoin is currently for the "at least slightly above average" person.
Look how long it is taking to convert the average person to the metric system.
Sure, In the 80s and the early 90s only people slightly above average used computers. All people cannot be trendsetters and innovators or the word would lose its meaning.Look how long it is taking to convert the average person to the metric system.
No idea how long that is, I've been born to the metric system
Yes. The only thing worse than Imperial Measurements might be Roman Numerals.
At least our speedometers are not calibrated in furlongs per fortnight.
1 furlong per fortnight = 0.000166309524 m/s
the speed of light is 1.8026×1012 furlongs/fortnight
Bitcoin is currently for the "at least slightly above average" person.
Look how long it is taking to convert the average person to the metric system.
Sure, In the 80s and the early 90s only people slightly above average used computers. All people cannot be trendsetters and innovators or the word would lose its meaning.Look how long it is taking to convert the average person to the metric system.
No idea how long that is, I've been born to the metric system
A sort of verifiable hardware so you can check for hardcoded backdoors in USBs etc and eay to use software UI that is very hard to crack. This is an integral part.
You mean, you want to solve the halting problem?
Bitcoin is currently for the "at least slightly above average" person.
Look how long it is taking to convert the average person to the metric system.
Look how long it is taking to convert the average person to the metric system.
Bitcoin is just to complicated for the average person to use..
Yes, but bitcoin is just 1000X faster than international bank transfer/wire process speed. BTC costs a few minutes or highest a few hours to confirm, but bank needs at least 2-5 days to process an international bank wire. So complicated use is worth.
Yes, but bitcoin is just 1000X faster than international bank transfer/wire process speed. BTC costs a few minutes or highest a few hours to confirm, but bank needs at least 2-5 days to process an international bank wire. So complicated use is worth.
TIL Bitcoin users are above the 'average' person.
Oh and by the way, fiat money and our current monetary system is way, WAY too complicated for the average person to even remotely grasp.
Exactly. About a year ago, I remember explaining Bitcoin to my brother and a few of his friends. Only one of this group of people is really technically minded, the rest are a bunch of kids who play music and would likely be categorized as "hippies" had they been born a few decades earlier. Without fail, by the time I was done talking to them, each and every one of them though Bitcoin sounded easier and (their words) "more real" and "more legitimate" than our current fiat banking system where banks have a license to create money out of thin air.
1980: No one will ever have a personal computer it is to complicated to use and serves no purpose.
1990: No one will ever use the internet it's to complicated to use and serves no purpose have you heard of a video recorder.
That's true computers were thought to be too complicated to be used until companies like Apple and Microsoft focused more on the user expierience and made computers what they are today. We need companies like Apple and Microsoft that focus on the user experience to make bitcoin usage easier for the average Joe. 1990: No one will ever use the internet it's to complicated to use and serves no purpose have you heard of a video recorder.
Yes, true.
BTC can be complicate for some users right now, but this is not the main reason why there are not many people who use bitcoin.
Bitcoin still didn't not become mainstream and still there are not many places where you can use bitcoin.
When this change, people will become more interesting to learn about bitcoin, how to use it, where etc.
We have spoken before that computers are too complicated for people and today almost all use them.
The same thing will happen with Bitcoin, there is no doubt about it.
1980: No one will ever have a personal computer it is to complicated to use and serves no purpose.
1990: No one will ever use the internet it's to complicated to use and serves no purpose have you heard of a video recorder.
That's true computers were thought to be too complicated to be used until companies like Apple and Microsoft focused more on the user expierience and made computers what they are today. We need companies like Apple and Microsoft that focus on the user experience to make bitcoin usage easier for the average Joe. 1990: No one will ever use the internet it's to complicated to use and serves no purpose have you heard of a video recorder.
Yes, true.
BTC can be complicate for some users right now, but this is not the main reason why there are not many people who use bitcoin.
Bitcoin still didn't not become mainstream and still there are not many places where you can use bitcoin.
When this change, people will become more interesting to learn about bitcoin, how to use it, where etc.
We have spoken before that computers are too complicated for people and today almost all use them.
The same thing will happen with Bitcoin, there is no doubt about it.
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