Topic: Bitcoin is too complex for the average person - page 3. (Read 6212 times)
Bitcoin isn't too complex. The only thing you absolutely need to know to use Bitcoin is how to copy + paste and address, click on a bitcoin URI or scan a barcode. Most wallets now have a wizard that guides the user through creating the wallet password protecting it and backing it up.
It's definitely complex to understand for a common man as it is more like a virtual currency. For me, I took about 2-3 months to really find the use of bitcoins and now I have a lot more to learn about it.
It's not that difficult at all. I provided a link to a family member to download the wallet.
And everything else was so easy (setting up, sending and receiving, etc) that he didn't ask me for help.
He had everything set up and was ready to go. He bought $50 worth of Bitcoin and got it instantly in his wallet.
It is a non tech person, if he can do it, then others can as well.
And everything else was so easy (setting up, sending and receiving, etc) that he didn't ask me for help.
He had everything set up and was ready to go. He bought $50 worth of Bitcoin and got it instantly in his wallet.
It is a non tech person, if he can do it, then others can as well.
Bitcoins are really simple, just download the app and start receiving and sending money!
Credit cards are way more complex, with plastic cards and pos readers and shitty modules and hidden commissions and cloning and so...
agree with this one, credit card is more complex, yet many people using that for daily transactionCredit cards are way more complex, with plastic cards and pos readers and shitty modules and hidden commissions and cloning and so...
I hope many "average person" will try to understand bitcoin and using it for daily transaction in the future
Bitcoins are really simple, just download the app and start receiving and sending money!
Credit cards are way more complex, with plastic cards and pos readers and shitty modules and hidden commissions and cloning and so...
Credit cards are way more complex, with plastic cards and pos readers and shitty modules and hidden commissions and cloning and so...
Computers are too complex for average people, yet here we are using them.
People will innovate ways to make user adoption easier. They will be rewarded handsomely, and one day we'll wonder how we ever existed without it.
People will innovate ways to make user adoption easier. They will be rewarded handsomely, and one day we'll wonder how we ever existed without it.
yeah bitcoin is complex for new user, especially people who didn't quite understand about internet and technology
from my experience, i spent a lot time before understand how bitcoin works
and it's difficult to explain that to new user. many user afraid using bitcoin for transaction if they still didn't understand it
from my experience, i spent a lot time before understand how bitcoin works
and it's difficult to explain that to new user. many user afraid using bitcoin for transaction if they still didn't understand it
Fortunately, only half of the population is average or below ... for the rest of us, there is bitcoin.
This is true! Many of us are kinetics learners, which basically means we learn by doing! With bitcoin we must all go through the motions
of buying selling and using bitcoin to really grasp how to us it.
of buying selling and using bitcoin to really grasp how to us it.
Nope! that's not true!
It was complex once but now every average guy knows internet and google teaches it all easily
Said it all!It was complex once but now every average guy knows internet and google teaches it all easily
Today with google, everything becomes easy.
All hail google
Not google, youtube, people tend to learn better with video tutorials than reading.
Nope! that's not true!
It was complex once but now every average guy knows internet and google teaches it all easily
It was complex once but now every average guy knows internet and google teaches it all easily
i remember when android was released, at that time everyone uses blackberry or symbian phone. no one understand what android offer, but then ppl start using android and even bbm was ported into android, and android got better games than symbian.
thats what will be needed for bitcoin to reach the masses.
What bitcoin really needs is the support, adoption and knowledge of the general public to it. As the given quotes stated above, Android was once an unknown technology introduced by Google and other companies but once it reached the masses, it was quickly understood and seen widespread use all around the world.
Yes! so the point here is more like that it will become more and more simple as more people start using it
and real world usage, like car/house lease which always connect to internet and when ppl send btc to the printed btc adress, then the car/house will be unlocked. also other thing like phone bill, utilities (phone/water/eletricity) they all can be made payable by bitcoin.
moving further maybe blockchain can be broadcasted by radio too ?
Nope! that's not true!
It was complex once but now every average guy knows internet and google teaches it all easily
Said it all!It was complex once but now every average guy knows internet and google teaches it all easily
Today with google, everything becomes easy.
All hail google
Nope! that's not true!
It was complex once but now every average guy knows internet and google teaches it all easily
It was complex once but now every average guy knows internet and google teaches it all easily
i remember when android was released, at that time everyone uses blackberry or symbian phone. no one understand what android offer, but then ppl start using android and even bbm was ported into android, and android got better games than symbian.
thats what will be needed for bitcoin to reach the masses.
What bitcoin really needs is the support, adoption and knowledge of the general public to it. As the given quotes stated above, Android was once an unknown technology introduced by Google and other companies but once it reached the masses, it was quickly understood and seen widespread use all around the world.
Yes! so the point here is more like that it will become more and more simple as more people start using it
Fortunately, only half of the population is average or below ... for the rest of us, there is bitcoin.
I would say seeing the today's hype in science and technology , Op's average is less then half
Fortunately, only half of the population is average or below ... for the rest of us, there is bitcoin.
I don't discuss bitcoin or linux with the average person. Its not worth the hassle.
I think the main two things that the average person needs to understand and that simplify things a lot in their head are:
1) The relashionship between private key and public bitcoin address.
Any random 256 bits, that is, 256 zeros and ones can be picked and the corresponding bitcoin address will be yours because everything you need to control a public bitcoin address is its private key.
2) Bitcoins only exist as virtual balances associated with a bitcoin address as a result of previous transactions related to that address that are recorded on a global ledger that is recorded and replicated in every computer node on the network.
What you need to keep and can copy to a USB, to a CD, or to a paper, or even email to yourself and friends is the private key.
To protect your private keys you need to encrypt your wallet.
Bitcoins are not created. They simply enter circulation given as a reward to those that secure the network "mining" the proof-of-work that garantees all transactions enter the global ledger in the correct order.
Understanding these things might be the hardest computer knowledge most people I've known would have mastered yet if they learn it. They wouldn't know how to copy something to CD and don't know what USB means. 1) The relashionship between private key and public bitcoin address.
Any random 256 bits, that is, 256 zeros and ones can be picked and the corresponding bitcoin address will be yours because everything you need to control a public bitcoin address is its private key.
2) Bitcoins only exist as virtual balances associated with a bitcoin address as a result of previous transactions related to that address that are recorded on a global ledger that is recorded and replicated in every computer node on the network.
What you need to keep and can copy to a USB, to a CD, or to a paper, or even email to yourself and friends is the private key.
To protect your private keys you need to encrypt your wallet.
Bitcoins are not created. They simply enter circulation given as a reward to those that secure the network "mining" the proof-of-work that garantees all transactions enter the global ledger in the correct order.
It is misleading to say that bitcoins are created or that they exist at all.
It is much better to think of them as virtual balances.
The network and the bitcoin protocol ruled by the majority of nodes on the network limits the total amount of bitcoins in balances at any given time, as they enter circulation in a schedule known in advance.
That makes each amount in a virtual balance rare, and because they have usefulness as a medium of exchange, the laws of supply and demand will apply determing its market value, known as bitcoin price.
They are fake money indeed, they are not legal tender. But that doesn't imply that they don't have value.
Of course, were they legal tender their usefulness as a medium of exchange would be much greater and would make its price skyrocket. But the beauty of it is that unlike fiat it doesn't need to be forced upon people for it to acquire a significant amount of value.
It is much better to think of them as virtual balances.
The network and the bitcoin protocol ruled by the majority of nodes on the network limits the total amount of bitcoins in balances at any given time, as they enter circulation in a schedule known in advance.
That makes each amount in a virtual balance rare, and because they have usefulness as a medium of exchange, the laws of supply and demand will apply determing its market value, known as bitcoin price.
They are fake money indeed, they are not legal tender. But that doesn't imply that they don't have value.
Of course, were they legal tender their usefulness as a medium of exchange would be much greater and would make its price skyrocket. But the beauty of it is that unlike fiat it doesn't need to be forced upon people for it to acquire a significant amount of value.
@LaudaM, you should reply to these person : aren't fiat money fake? When a government printing his money ...
bitcoin isn't falsifiable and this is a great thing.
bitcoin isn't falsifiable and this is a great thing.
I think the main two things that the average person needs to understand and that simplify things a lot in their head are:
1) The relashionship between private key and public bitcoin address.
Any random 256 bits, that is, 256 zeros and ones can be picked and the corresponding bitcoin address will be yours because everything you need to control a public bitcoin address is its private key.
2) Bitcoins only exist as virtual balances associated with a bitcoin address as a result of previous transactions related to that address that are recorded on a global ledger that is recorded and replicated in every computer node on the network.
What you need to keep and can copy to a USB, to a CD, or to a paper, or even email to yourself and friends is the private key.
To protect your private keys you need to encrypt your wallet.
If these two things are mastered and understood deeply the average Joe will have no problems with bitcoin, i'm telling you.
I like where you're heading. There does come up a problem in this case. What I've been usually asked is 'how are Bitcoins created' and 'aren't they just fake money' (where people do not seem to understand the difference between the virtual currencies such as gold in certain games and digital currencies).1) The relashionship between private key and public bitcoin address.
Any random 256 bits, that is, 256 zeros and ones can be picked and the corresponding bitcoin address will be yours because everything you need to control a public bitcoin address is its private key.
2) Bitcoins only exist as virtual balances associated with a bitcoin address as a result of previous transactions related to that address that are recorded on a global ledger that is recorded and replicated in every computer node on the network.
What you need to keep and can copy to a USB, to a CD, or to a paper, or even email to yourself and friends is the private key.
To protect your private keys you need to encrypt your wallet.
If these two things are mastered and understood deeply the average Joe will have no problems with bitcoin, i'm telling you.
I have no problem explaining the mining process, but that is where the problem occurs. Most of the time they do not understand and that's when they start doubting me. This is known as 'personal incredulity'. Because people find something difficult to understand (in this case the mining process, or Bitcoin in general), or are unaware of how it works, they will make it out like it's probably not true.
This is one of the reasons that every now and then we stumble upon someone who believes that Bitcoins can be indefinitely created.
Lack of knowledge inevitably leads to lack of understanding.
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