Topic: Cryptocurrency is too complicated - page 16. (Read 1771 times)
Blockchain technology is too young to become the financial foundation of the whole world, but this technology has great potential. The only problem is that people don't have enough information, but the technology itself is simple.
COMPLICATED? for me its not, you should first know them and make studies of how it will work.
Complicated is a word for those people who dont want to study the cryptocurrency.
We are just like students again here!
Complicated is a word for those people who dont want to study the cryptocurrency.
We are just like students again here!
The only people who would see blockchain transactions as complicated are those who don't like learning. I used just one day to explain the processes to my girlfriend and she was able to understand and start blockchain transactions from there.
Sadly, the advancement of technology also made many people lazy. Almost everyone now wants what is convenient. For cryptocurrencies to have a higher chance of adoption, easy to use dapps and other platforms is a must.
Already this year will be presented to the public Facebook Coin and Telegram Coin. I assume that this will be a breakthrough for the development and implementation of advanced and innovative blockchain technologies.
It is only the matter of time, when big companies are going to develop a blockchain that is ready to use in our daily lives. I believe that within several years a lot of companies will release their own blockchains and crypto currencies.
Cryptocurrency is complicated for users who get into the network without going through its true value and the way it came into existence. People just think knowing about bitcoin will get them good return on investment without understanding the true risks associated with it. With each and everything there is complications, but with cryptocurrency there is complications along with risk factors.
I used to be afraid of the heavy weight of the blockchain, which needs to be constantly synchronized. But now I have everything in my phone, and there are no problems in using cryptocurrencies and blockchain.
I think it is not that difficult, the difficult part of transactions are not the blockchain or the cryptocurrency it is the system we buy and sell bitcoins for. If you have to go to your bank and tell them to send money to coinbase for example or even if you use online banking and need to send money to coinbase that is a whole lot of work that will make sure many people won't even use bitcoin, they will stop at the very first step.
Lets assume they managed to send money to coinbase than wait until coinbase credits them than they will have to buy bitcoin with the dollars they have in their account. Than find someones bitcoin address, go to coinbase say withdraw and than put the wallet address there and withdraw. That is a whole lot of work to just send bitcoin to someone. However, if you just simply make it qr to qr mobile payment type deal than it will be so easy that banks will never look back on their old systems.
Lets assume they managed to send money to coinbase than wait until coinbase credits them than they will have to buy bitcoin with the dollars they have in their account. Than find someones bitcoin address, go to coinbase say withdraw and than put the wallet address there and withdraw. That is a whole lot of work to just send bitcoin to someone. However, if you just simply make it qr to qr mobile payment type deal than it will be so easy that banks will never look back on their old systems.
Centralized financial companies are constantly working on solutions to make transactions between different parties as easy as possible, however, the cryptocurrency and blockchain payment solutions are very complicated for the average person to use.
Until this is put in check, cryptocurrency payments will never have a chance to overcome fist.
Cryptocurrency is really one of the easiest way for payment especially online transaction because it is convenient to use using our phones but not all aspects blockchain can pay. There are still lots of companies or online stores still not accepting crypto for online payment. I think blockchain should improve more for its use. Until this is put in check, cryptocurrency payments will never have a chance to overcome fist.
The difficulty lies only in the approach. Now you need to understand that many people are talking about exactly how to start real information courses on the topic of cryptocurrency that no one needs. Cryptocurrencies are no more difficult than paper money, just cryptocurrencies are limited.
For some newbies learning cryptocurrency and blockchains is not the easiest thing to do. You have to research each project in order to understand them and it will take a lot of time to fully understand but if you have already a background of the blockchain technology it's just too easy to cope up for the rest of them. That's why learning through research is important because if not, people would be always asking and might get scammed a hundred times because they were lack of knowledge.
Centralized financial companies are constantly working on solutions to make transactions between different parties as easy as possible, however, the cryptocurrency and blockchain payment solutions are very complicated for the average person to use.
Until this is put in check, cryptocurrency payments will never have a chance to overcome fist.
it's complicated for people who don't have much knowledge and skills with it, like a job, if you don't learn about it, it will become complicated for you. Until this is put in check, cryptocurrency payments will never have a chance to overcome fist.
For me, crypto currency is not complicated at all; in any sense
But trying to understand multiple blockchain project is complex and you need to take it one at a time
Crypto currency is the easiest thing to happen this decade
But trying to understand multiple blockchain project is complex and you need to take it one at a time
Crypto currency is the easiest thing to happen this decade
Centralized financial companies are constantly working on solutions to make transactions between different parties as easy as possible, however, the cryptocurrency and blockchain payment solutions are very complicated for the average person to use.
Until this is put in check, cryptocurrency payments will never have a chance to overcome fist.
I understand because we all started from the scratch, and i also don’t know the function of any coins or what before but if you are willing to learn more, then start to adopt and make a move for this. Cryptocurrency is easy to understand, easy to explain and its easy to use you just need open your eyes, and open your mind into new ideas and try to explore more this market. Until this is put in check, cryptocurrency payments will never have a chance to overcome fist.
There is a technical know how, that comes with every technology. I am not surprised that some are yet to know how house cryptocurrency. To masks it simpler, there are some advancing cryptocurrency projects that have now integrated smart card into their system, where transactions can be done using cryptocurrency ATMs.
Centralized financial companies are constantly working on solutions to make transactions between different parties as easy as possible, however, the cryptocurrency and blockchain payment solutions are very complicated for the average person to use.
Until this is put in check, cryptocurrency payments will never have a chance to overcome fist.
I just wish to know, why did you think that cryptocurrency is a complicated things.Until this is put in check, cryptocurrency payments will never have a chance to overcome fist.
Perhaps you could explain the reason why you said that, because with just saying it that way and have no explanation won't give anything to anyone.
Only lazy people sees cryptocurrency as something while is easy to use and both that crypto is not lazy type. A friend of mine I actually introduced to the crypto currency scheme believed crypto is too complicated/broad but I later understand that he was too lazy to read, research and to understand what crypto currency entails.
Crypto is not for lazy people but for genius
Crypto is not for lazy people but for genius
Everything begins with learning the process, even dealing with banks or any payment process you need knowledge on how to work with and make a process succeed, cryptocurrency indeed needs more informative advertisement helping newbies to understand the process.
But with emerging technology and great innovations, this digital currency can work alongside with any other types of currency.
As we look forward for its used and the main purpose of its creation. As this new system innovations, we certainly think that crypto will serve as a big role for this new generation and it really yes. Thus, it needs time for new adopters to learn the system and fully understand how it works, and what could be its possible used in the future. But with emerging technology and great innovations, this digital currency can work alongside with any other types of currency.
Centralized financial companies are constantly working on solutions to make transactions between different parties as easy as possible, however, the cryptocurrency and blockchain payment solutions are very complicated for the average person to use.
Until this is put in check, cryptocurrency payments will never have a chance to overcome fist.
Until this is put in check, cryptocurrency payments will never have a chance to overcome fist.
Isabel does not seem to think paying with cryptocurrency is complicated : https://dashnews.org/isabel-pays-with-dash-digital-cash-at-damalfi-restaurant-in-caracas-venezuela/
Of course it helps when the cryptocurrency in question is doing its utmost best to make payments low cost, easy to use and safe.
Link : https://www.neptunedash.com/blog/how-dash-evolution-is-taking-dash-to-a-whole-new-level/ (its an old article, but it has some key elements in it that are relevant)
Link : https://www.dash.org/roadmap/
The first I knew cryptocurrency, yes it's too complicated, but after I read more about cryptocurrency including how to make a new wallet, it's not complicated, and even, it's easy for me. You don't have to learn cryptocurrency too details like how to know the transaction process, how the mining run, what calculations that are used in the cryptocurrency because it will need time before you understand and besides that, it's more complicated than you can imagine. So you need to learn the basic of the cryptocurrency, and I think it's enough for you.
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