BitCoin Is Too Complicated for Average People! - page 16.

illyiller

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Quote from: imteaz on November 02, 2017, 10:17:53 PM

Well, I think it is indeed too much complicated and harder to use, you have to have knowledge about how it works on internet. You have to make an account, buy bitcoin from different sites ( which takes 5% to 7% Fees) then transfer to exchanges for trading or to use.

The learning curve is definitely steep. Younger, tech-oriented people have a big advantage in this space. Regarding the complicated nature of buying BTC and the high fees to do so, I think this will improve. In the US, most people can use regulated exchanges like Coinbase or Gemini and transfer money to the exchange for free using ACH transfer. On GDAX (Coinbase's exchange), you can buy without any fee as long as you provide liquidity (place a limit order on their book).

Quote from: imteaz on November 02, 2017, 10:17:53 PM

How can a normal people, who usually watch youtube video, use fb or other social media, you expect him/her to know all these things? I seen people give up easily, and think it's too techy.

That's why it won't catch on overnight, and why it has taken 9 years just to get here. The UX is still bad and low value payments are problematic. It's easy to get hacked or scammed. These things will improve in the future as products are launched which remove some of the complexity for average, non-sophisticated users.

hahay

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Leading Crypto Sports Betting & Casino Platform

Bitcoin is not complicated at all to be understood and learned if just to earn, save and spend also using bitcoin. I'm pretty sure everyone can use bitcoin without serious complications, those who say bitcoin is complicated, I guess they're just people who think bitcoin is useless so they're not interested in learning bitcoin.

zenrol28

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Its only us people who complicated things.we want to earn more but we dont want to lose a little. We sometimes get paranoid when BTC value dips, we cant sleep, we're thinking we might get bankrupted. It will be only complicated if you risk everything. Try spending what you can afford to lose and let it flow. You'll see, its not complicated actually.

gz1derbread

newbie

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If a person owns a computer and the Internet, then he has every chance of mastering and bitcoin. Here everything depends on desire. In addition, if you just want to invest your money in bitcoin, but do not understand, you can ask someone for help.

procryptoguy

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Yes you are absolutely right on this.
Bitcoin is too complicated for even day use.
I talked about bit coin to several friends of mine and they are from technical background .
Still they donot understand how and why bitcoin works and what is the important of it.
So you can imagine how hard it is for non technical person.

eaLiTy

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Have Fun )@@( Stay Safe

Quote from: opdesertfox on November 04, 2017, 01:04:21 AM

I think Bitcoin is not complicated at all, just take it as another transaction method, a digital form of regular money. How many people knows how paper money works? how many people knows the process of issuing paper money? the financial policies? - not more than 1% of world population.

Who needs to know how paper money works,all they need to know is how to spend the money and there is no complication about it as it is a simple process any kid can do but that is not the case with bitcoin,they really need to study about how to secure their coins and how to safe guard their coins and how to transact them and it is a difficult process for any newbie.

Silverstone1111

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ya Bitcoin is pretty complex concept at first. Even for me taking computer subject in high school when i discovered about Bitcoin had a hard time understanding it. But with time and getting involved with it help me be familiar with. But it is still hard for me to explain it to an average people did not take computer as a subject in there school. that's a challenge !!! and I am sure the explantion about the money from banks is even more complex because they create it out of thin air. The mcafee guy said it is much harder to explain how the Federal Reserve Bank work compared to Blockchain system.

sukamasoto

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Black Panther

Indeed , in addition my government still not legalized bitcoin yet so people have less knowledge and less awareness about bitcoin.
But if we see the positive side, there are a lot that bitcoin do and fiat can't do especially on this digital era.

More people seek an enjoyment for transaction !

Shishir99

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It is true that bitcoin is complicated for average people.
Most of people just using it for trading or other things but don't know the technological aspects of bitcoin.
But it is changing day by day.
There are lots of educative video on youtube now.

cynical

full member

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I do not think bitcoin is complicated.
With coinbase after linking a bank account you can buy/sell bitcoin.
If you can download an app from google play you can create a wallet.
There is just a learning curve and we are all able to learn

darkangel11

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Don't let others control your BTC -> self custody

Quote from: penig on November 04, 2017, 04:53:44 AM

Quote from: opdesertfox on November 04, 2017, 01:04:21 AM

I think Bitcoin is not complicated at all, just take it as another transaction method, a digital form of regular money. How many people knows how paper money works? how many people knows the process of issuing paper money? the financial policies? - not more than 1% of world population.

You don't need to understand anything about how money issued. You have a note or coin and exchange it, job done.

Bitcoin has significant usability problem for a new user. To use you need to understand wallets (web based or desktop, keep offline?), keys, passwords, passphrases, fees, random address strings. oh yes, once you've got everything set up you might consider it simple, but if people are saying otherwise you need to consider that it is not, you found it simple.

There's a rule in usability that the interface shouldn't get in the way, and bitcoin involves a lot of interface.

I would argue with that. Online banking offers a similar difficulty level. You need to set up an account, remember your login and passphrase, know how to handle 2FA codes, know how to use the API. My bank API is like a decent webpage, it offers a ton of stuff starting from savings accounts through credit card limits and ending with online credits that you can take on the fly and people are handling it without problems.

You don't need to be the smartest person in the world to be able to download a wallet to your phone and use the camera to scan qr code every time you want to pay. When you want to receive money your code will appear on your screen along with the address. You just can't screw this up!

darkangel11

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Don't let others control your BTC -> self custody

Quote from: Wellkel on November 03, 2017, 10:03:26 PM

Yes,To use bitcoin,you also need to download the electronic wallet and save the private key.

As easy as downloading an app from a google store and in many wallets keys are being saved in the cloud, you just need to remember your recovery phrases.
Millions of people are downloading stuff on their phones every day. Millions are scanning qr codes. Bitcoin isn't difficult if you're used to doing these basic things!

vv181

legendary

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a simple problem is since children we raised by regular physical money by the banking system, then curiosity came we learn how the money created, distributed and controlled so we indirectly get used to it because it had proof and sustainable since past. Then a new revolutionary digital currency bitcoin came in, we didn't get used to it, its something news, a decentralized currency based on technology, people astonished by bitcoin because they don't understand the technology so they easily get FUD, uncomfortable, they didn't want to try something out of the box, they want safer option. So that's my opinion why bitcoin not widely used.

penig

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Quote from: opdesertfox on November 04, 2017, 01:04:21 AM

I think Bitcoin is not complicated at all, just take it as another transaction method, a digital form of regular money. How many people knows how paper money works? how many people knows the process of issuing paper money? the financial policies? - not more than 1% of world population.

You don't need to understand anything about how money issued. You have a note or coin and exchange it, job done.

Bitcoin has significant usability problem for a new user. To use you need to understand wallets (web based or desktop, keep offline?), keys, passwords, passphrases, fees, random address strings. oh yes, once you've got everything set up you might consider it simple, but if people are saying otherwise you need to consider that it is not, you found it simple.

There's a rule in usability that the interface shouldn't get in the way, and bitcoin involves a lot of interface.

hajimasan

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Quote from: opdesertfox on November 04, 2017, 01:04:21 AM

I think Bitcoin is not complicated at all, just take it as another transaction method, a digital form of regular money. How many people knows how paper money works? how many people knows the process of issuing paper money? the financial policies? - not more than 1% of world population.

You are right but still in the starting newbies faces much problem of the understanding Because coin is not a way to direct use where we can see directly the use of the cryptocurrency .
But to make the bitcoin investment needed to buy another coin and vice versa , such types of things are really complicated to understand that how we will do easily ( since easy much for the 1 month old bitcoiner ) .
Here I was facing the same problem and my big problem was that , who will give the gaurranty of the value of the bitcoin that I have and what the best way to work to make bitcoin .
Well in the current time Many articles are available for the bitcoin where we can get better knowledge easily and can learn better better stretagy to handle the trading like work ( which are legimate way of making money ) .

opdesertfox

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I think Bitcoin is not complicated at all, just take it as another transaction method, a digital form of regular money. How many people knows how paper money works? how many people knows the process of issuing paper money? the financial policies? - not more than 1% of world population.

4U

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Quote from: Teraboy on November 03, 2017, 12:35:09 AM

Quote from: imteaz on November 02, 2017, 10:17:53 PM

Well, I think it is indeed too much complicated and harder to use, you have to have knowledge about how it works on internet. You have to make an account, buy bitcoin from different sites ( which takes 5% to 7% Fees) then transfer to exchanges for trading or to use.

How can a normal people, who usually watch youtube video, use fb or other social media, you expect him/her to know all these things? I seen people give up easily, and think it's too techy.

I believe if Bitcoin sell coins on their official website, with lower fees, such as 1% to 2%, and make a simple wallet for people to use, more & more people would buy and use it.
What is your opinion on it? discuss..

There are some imple way for use the bitcoin, just download the mobile wallet and you will be able to generate the bitcoin address and you can use it to send or receive the bitcoin.
it seems to be a simple thing or step in my opinion.
But to learn about the how crypto works is really fun.

No it’s not true bitcoin is very easy in use every one can use it any place any time it just need a little study and the rest of you can start to use it so I think we need to go first to internet to know in detail about bitcoin that how its work and how we can use its because bitcoin is for everyone it’s not only for the common man.

kingvirtus09

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OrangeFren.com

Looks like other are having problem buying bitcoin, here in asia we buy bitcoins via banks or we can buy bitcoin thru 7/11 its easier to buy bitcoin. well it depends on the country where we belong there are place of the world that hard to find bitcoin but in localbitcoin its easy to access or deal with them, try to look other local wallet provider if the rate is low then try to grab it

wledgewil

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Quote from: ipanks on November 04, 2017, 12:13:09 AM

i think its not too complicated to learn bitcoin even for new people because as long as they only learn about how to make money from bitcoin then i thing its enough. there are many things that we need to learn if we want to know the details about bitcoin and of course this will need a time before we fully understand about bitcoin. but if our purpose is about how to make money from bitcoin then we don't have to learn until too deep and we are need to learn the section about making money from bitcoin.

It's all based on interest to learn that workflow really helps to earn bitcoin.
Also it will not be like complicated.
We have to understand practice makes the men perfect in the same way one have to learn it with a desire of interest.

ipanks

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i think its not too complicated to learn bitcoin even for new people because as long as they only learn about how to make money from bitcoin then i thing its enough. there are many things that we need to learn if we want to know the details about bitcoin and of course this will need a time before we fully understand about bitcoin. but if our purpose is about how to make money from bitcoin then we don't have to learn until too deep and we are need to learn the section about making money from bitcoin.

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