Topic: BTC currency unit is too complicated to accepted widely. - page 3. (Read 601 times)
If a person has money in a Bank account and spends it.He does not need to delve into the economy of the country,he does not need to know how to make money.He just takes and spends his money.The same is with bitcoin.People do not have to delve into blockchain technology to own a cryptocurrency.
Bitcoin unit is not complected. But bitcoin unit promotion are very few. For this reason so many people are fall in little confusion. But other side its play very big role its keep bitcoin really good and strong.
nowadays people don't even want to understand how things work, they are only using them. it is the consumerism at its best and you can't do anything about it. for instance when buying something you don't care if it has no zeros or hundred zeros in front of it, you don't also care how bitcoin works you just point your phone at that picture which you may not even know is called a QR code and click confirm and make the payment. or if you are on PC then you just click on a link and the payment happens after you confirm it in your wallet.
Thank you!. System like link and QR code is absolutely become a solution when we want to buy/sell something over btc. Also using a wallet platform that convert cryptos into Fiat currencies with realtime would become handy.
I do not see it that way, because in fact our current financial system seems even more difficult to understand than Bitcoin due to the large number of fallacies, abuses and deceptions on which it is based, and still people do not seem to have any problem when it comes to using fiat money.
I think sometimes we forget that to use cryptocurrencies you do not need to be an expert in digital technology, just as we do not need to be experts in communications to properly use a smartphone, or bankers to use a credit card.
I think sometimes we forget that to use cryptocurrencies you do not need to be an expert in digital technology, just as we do not need to be experts in communications to properly use a smartphone, or bankers to use a credit card.
I think we need an application or platform that can support every transaction with satoshi values.
this is very complicated, but this innovation will create a good response in the future, and of course, we are waiting for the public to be ready to accept digital currency innovation with all its perfect features.
this is very complicated, but this innovation will create a good response in the future, and of course, we are waiting for the public to be ready to accept digital currency innovation with all its perfect features.
I notice when i explain "what is bitcoin and how bitcoin will become the huge payment system" to my wife(who didnt know anything about bitcoin). Then she states something that i want to share. Its from newbie in cryptos yet experienced in bank economic.
Do you think bitcoin wont be accepted with so many zeros in BTC or satoshi unit? For the price to be used in daily payment. BTC is so complicated to understand widely. Think this with a point of very low degree of education.
I think we need to invent something more stupid-free in btc currency unit.
Kindly share your thoughts. 😊
Do you think bitcoin wont be accepted with so many zeros in BTC or satoshi unit? For the price to be used in daily payment. BTC is so complicated to understand widely. Think this with a point of very low degree of education.
I think we need to invent something more stupid-free in btc currency unit.
Kindly share your thoughts. 😊
yes i agree with you
too many 0 behind the unit
it makes it difficult to adopt
especially for people who don't really understand technology
and most of them do not want to be complicated when sending money
i agree with you on this. bitcoin seems complicated for most people but i believe if we continue to create the awareness through seminars and all that we will be able to make people understand both its ideology and usage.
It's complicated but won't be accepted from a different reason. In my opinion the price volatility plays the biggest role here. We need stable currencies to purchase items.
What is it on bitcoin that is hard to understand? The digits is not a problem. You can also buy stocks that are in more than two decimals. Including in forex. Bitcoin should be easy once explained well. It is just the some people do not want to understand it and are not interested because of its decentralized nature which is actually perfect to make everything honest black and white.
At first it is complicated like me as a newbie it is complicated but if you're willing to learn how it works, you will research,study, and through this site bitcointalk it will help a lot.
Not really, it's not too complicated to use. We can, for example, use the traditional currency used by people for trading, with the value printed on the currency equivalent to the commodities to be converted. While there is a lot of ignorance about the stock market or the origins of paper money. However, it is still used 100% in transactions. Your reasons are not convincing. The problem here is that Bitcoin is decentralized and anonymous, which can be exploited by bad guys for fraudulent purposes, money laundering, etc. So it's very difficult to manage, because Some countries have enacted laws prohibiting the transaction and possession of Bitcoin, so Bitcoin can not be used extensively. Besides, Bitcoin prices are still low, so it's time to get used to it.
It's better to use satoshis or sats for me. It is close to the fiat currency way of reading. I feel accurate with it.
People don't have to understand BTC to be able to use it. How many people really know how their phone works, how the internet works, or the engineering of their own car. Anyways, I think bitcoin is really easy to use for a first timer, I had no problems showing my family members how to make bitcoin transactions.
Well it depend on the curiosity of an individual who like to be with cryptocurrency do i agree a little that it is difficult for other person to understand the technicalities of the BTC system that includes having a digital wallet and doing transfer of BTC. But for me all in all BTC is really good specifically the block chain technology wherein you can see the transactions on a certain digital wallet. So if this is applied widely on a system like government system this could eradicate corruption for blockchain technology will become a tool for transactioin transparency.
I notice when i explain "what is bitcoin and how bitcoin will become the huge payment system" to my wife(who didnt know anything about bitcoin). Then she states something that i want to share. Its from newbie in cryptos yet experienced in bank economic.
Do you think bitcoin wont be accepted with so many zeros in BTC or satoshi unit? For the price to be used in daily payment. BTC is so complicated to understand widely. Think this with a point of very low degree of education.
I think we need to invent something more stupid-free in btc currency unit.
Kindly share your thoughts. 😊
Do you think bitcoin wont be accepted with so many zeros in BTC or satoshi unit? For the price to be used in daily payment. BTC is so complicated to understand widely. Think this with a point of very low degree of education.
I think we need to invent something more stupid-free in btc currency unit.
Kindly share your thoughts. 😊
Yes it is.
It's hard to tell to the people who don't have basic in IT, they will say bitcoin is a scam and a unvaluable thing.
But, as a futurist, we know bitcoin will have a bright future
I notice when i explain "what is bitcoin and how bitcoin will become the huge payment system" to my wife(who didnt know anything about bitcoin). Then she states something that i want to share. Its from newbie in cryptos yet experienced in bank economic.
Do you think bitcoin wont be accepted with so many zeros in BTC or satoshi unit? For the price to be used in daily payment. BTC is so complicated to understand widely. Think this with a point of very low degree of education.
I think we need to invent something more stupid-free in btc currency unit.
Kindly share your thoughts. 😊
Do you think bitcoin wont be accepted with so many zeros in BTC or satoshi unit? For the price to be used in daily payment. BTC is so complicated to understand widely. Think this with a point of very low degree of education.
I think we need to invent something more stupid-free in btc currency unit.
Kindly share your thoughts. 😊
Yep, for now we can't use Bitcoin in any kind of payment system (but there are some) because of its price votality, but I know that someday it will have a state of usefulness in someway that we could finally use that as a payment method.
I think digital bitcoin has a lot of small currencies that can be traded and exchanged. Bitcoin features can help traders to trade.
People fail to realize that you can easily tweak clients to make things more user friendly. It has nothing to do with Bitcoin at all.
This sums it up perfectly. It's not Bitcoin, it's the clients.
Just not "people" have to do this, it's up to us. We have to make the clients easy to use. We have to make better clients, or improve the current ones, in a way each type of user can get exactly what he expects.
We have to make Bitcoin easy to use for everybody, hiding, if necessary, the "scary" "overcomplicated" details. Then everybody will be happy(er).
This community has a lot of smart people and a lot of software developers. I'm sure something good can come out of this.
You can also use mBTC, uBTC, etc. otherwise.
Or you can show the price also in another currency (eg US Dollar) to make sure you don't send 1$ or 100$ when you want to send 10$.
They're just numbers. How can that get complicated? People are taught to read these at elementary school. Just about anyone is capable of counting zeros. You can also use mBTC, uBTC, etc. otherwise. You could make a much better case with setting up a wallet, sending out transactions, taking care of your money, etc., and even then, that only takes a little bit of getting used to.
I agree that things could be much easier on the end of users, considering how easy it is to swipe a card/NFC or use Paypal, but I don't see the number of zeros being a problem for adoption at all.
They're meant to be usable by everybody. The user experience aspect can be dumbed down without affecting integrity of the protocol. There's still the question of how though.
I agree that things could be much easier on the end of users, considering how easy it is to swipe a card/NFC or use Paypal, but I don't see the number of zeros being a problem for adoption at all.
First point here goes that bitcoins are not meant for low educated peoples and only experienced and working peoples can get it much accurately. We have very low chances of making some changes in bitcoins to make it more easier and simpler for the globe to understand but it would ruin the importance of bitcoins then. Bitcoins are great as they are now and they do not need any major changes. Just the peoples need to adapt bitcoins for their betterment. Also an experienced person in terms of cryptocurrencies would never make mistake in the amount of "0" the transaction has. (Commonly known as satoshi)
They're meant to be usable by everybody. The user experience aspect can be dumbed down without affecting integrity of the protocol. There's still the question of how though.
People fail to realize that you can easily tweak clients to make things more user friendly. It has nothing to do with Bitcoin at all.
Instead of people asking you for whatever amount of satoshis, they can just request a payment based on USD (or whatever fiat currency) from where you scan the QR code and that's really it. In the background your client will make sure everything gets sorted and completed in a secure manner, you can't ask for more convenience than that.
As long as the fiat value of Bitcoin remains the dominant factor you don't have to worry about anything else.
I'm using Bitcoin on a daily basis like this and it works just as well as PayPal works, but with way lower fees and without a central party involved.
Instead of people asking you for whatever amount of satoshis, they can just request a payment based on USD (or whatever fiat currency) from where you scan the QR code and that's really it. In the background your client will make sure everything gets sorted and completed in a secure manner, you can't ask for more convenience than that.
As long as the fiat value of Bitcoin remains the dominant factor you don't have to worry about anything else.
I'm using Bitcoin on a daily basis like this and it works just as well as PayPal works, but with way lower fees and without a central party involved.
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