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Topic: Cryptocurrency is too complicated - page 3. (Read 1727 times)

sr. member
Activity: 840
Merit: 250
March 30, 2019, 01:51:23 PM
You know banks are complicated too. There is a lot of paper work you have to do just to get access to an exchange. And complication of crypto is for it's safety.
legendary
Activity: 1386
Merit: 1001
March 30, 2019, 01:50:13 PM
There is nothing new to learn in crypto currency, infact it is as simple as if you understand fiat. The difficult part is Blockchain.
member
Activity: 569
Merit: 10
March 30, 2019, 01:49:04 PM
Maybe first, but cryptocurrencr is now a normal and uncomplicated thing, the proof is that there are more than 2000 coins that we can buy in the market, the tricky thing is to make coins survive the competition.
copper member
Activity: 378
Merit: 0
March 30, 2019, 01:30:47 PM
Yeah its like early days of ing computer. But with new innovation everyday and increasing mass acceptibilty this depend will also change. More startup will come to solved daily problem of crypto like to make people educate to use it , to use it with full srcurity of funds,to make it more convenient for people to do transaction. As these things will improve crypto technology get simplifier
jr. member
Activity: 518
Merit: 1
March 30, 2019, 01:17:44 PM
I never find it too complicated, everything is transparent, every transaction has full details on each blockchain explorers, although transaction time of diffenent blockchain and mining time varies. I rather find purest form of transaction between peer to peer without any involvement of third party or free of different type of taxes, which all government poses on every individuals.
full member
Activity: 470
Merit: 102
March 30, 2019, 01:13:15 PM
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.
Maybe for others it is complicated because of the situation of the bear market I guess.
But for me, it is not of course. Instead it is a good chance for us to take advantage to buy those coins that are potentials before and now suddenly dumped its price value.
indeed this condition can be used as the most appropriate moment to buy coins at low prices but not many realize this opportunity and when you buy it also cannot guarantee your profits.
member
Activity: 462
Merit: 10
March 30, 2019, 01:10:26 PM
We are on the threshold of web 3.0 where communication with blockchain layer will be invisible and user-friendly this will bring more adoption than banks using their own private blockchains
full member
Activity: 364
Merit: 100
March 30, 2019, 01:09:54 PM
I agree with the author, blockchain and cryptocurrencies are two complicated things for an average person without proper education. But I can say that if not to get into details, those things are not that complicated: you just need a wallet and a private key.

Now only a few percent of the world's population use cryptocurrency. In the future, this percentage will increase indisputably. However, the transition of people to cryptocurrency will largely depend on how easy it is to use. it is not enough to teach a person to use the wallet and conduct transactions. First of all, he must learn to protect this activity from hackers and various kinds of scammers. In addition, users of cryptocurrency make many mistakes and lose their coins or lose access to them for various reasons. only bitcoins are now lost about seven million. therefore, a significant proportion of people will not use cryptocurrency at all.
copper member
Activity: 150
Merit: 0
March 30, 2019, 12:58:32 PM
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 don't see Cryptocurrency payments as technically complicated maybe because I am educated but then it goes a long way to show that a greater percentage of the world population is uneducated and informed. It is not a cryptocurrency or blockchain technology problem
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
March 30, 2019, 12:41:18 PM
Crypto currency is complicated but it's not difficult to learn and understand. Once you start to learn and understand crypto , you will realize that crypto is the future of digital economy.

for now, crypto is quite complicated compared to before. because every crypto's progress must be a challenge that is increasingly difficult, and certainly natural for the development of crypto because the longer the crypto is increasingly tightened its circulation.
It's nothing more complicated than before, for ordinary users it's just about receiving and spending, further technical aspect and advanced things is for geek that really into the blockchain system and cryptocurrency.
I really think that people are overexaggerating about such simple thing making biased suggestion.
sr. member
Activity: 910
Merit: 251
March 30, 2019, 12:40:44 PM
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.
Maybe for others it is complicated because of the situation of the bear market I guess.
But for me, it is not of course. Instead it is a good chance for us to take advantage to buy those coins that are potentials before and now suddenly dumped its price value.
full member
Activity: 271
Merit: 100
March 30, 2019, 12:38:25 PM
Crypto currency is complicated but it's not difficult to learn and understand. Once you start to learn and understand crypto , you will realize that crypto is the future of digital economy.

for now, crypto is quite complicated compared to before. because every crypto's progress must be a challenge that is increasingly difficult, and certainly natural for the development of crypto because the longer the crypto is increasingly tightened its circulation.

That's how everyone feels to be complicated and more complicated to predict in the future. You should have the confidence to hold back long enough for what you have achieved.
But this thread was discussing how complicated the cryptosystem to be used by an ordinary person. A lot of ordinary people has so many problems when they were facing cryptocurrency for the first time. I thought that it's not about the speculation of cryptocurrency itself.
legendary
Activity: 2184
Merit: 1069
March 30, 2019, 12:34:04 PM
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 am an average person but I do not find paying through cryptocurrency difficult. It is very straightforward just like how you use credit cards or making online payments.

What is complicated is how blockchain works. But average persons do not have to deal with that. Just like how we do not need to deal with how credit cards work. We just swipe them. With crypto, we just scan address, input amount and send payment.

hero member
Activity: 938
Merit: 501
March 30, 2019, 12:11:28 PM
Dude, almost anything new or something that you had no idea about might pose a challenge of understanding, actually that's the mind's tricky way of being lazy. Don't give it that chance k Smiley Cryptocurrency and blockchain technology is not complicated as you make it seem you just have to educate yourself by reading how to make transactions with the use of cryptocurrencies and also how to stay safe from being hacked in the cryptospace.
full member
Activity: 1820
Merit: 107
March 30, 2019, 11:53:12 AM
Yeah I agree that cryptocurrency is indeed complicated. But i believe too that its quite easy to learn with it if we give time to learn. Thats why dont loose hope everything has a perfect time to settle. Cryptocurrency still in its infancy thats why it has a lot of room for improvement including its usability, adoption for a purpose.
member
Activity: 358
Merit: 10
March 30, 2019, 11:24:44 AM
Cryptocurrency  is not complicated at all rather the easiest  but we tend to complicate it by not following procedures, we don't ry to study and understand it  and also most at times we have that mindset that it's all complicated cos of what we hear people say
hero member
Activity: 817
Merit: 506
March 30, 2019, 11:05:39 AM
therefore, if it is intended for everyone, crypto must be simplified in terms of transactions. I'm sure new people or the first people who enter must be confused when entering the crypto or exchanger market. must be made simpler, for example, just one click and the transaction is complete.
A more systematic and not too difficult introduction will provide good things for the community so that they are not difficult to interpret
sr. member
Activity: 798
Merit: 251
March 30, 2019, 11:03:31 AM
Crypto currency is complicated but it's not difficult to learn and understand. Once you start to learn and understand crypto , you will realize that crypto is the future of digital economy.

for now, crypto is quite complicated compared to before. because every crypto's progress must be a challenge that is increasingly difficult, and certainly natural for the development of crypto because the longer the crypto is increasingly tightened its circulation.
full member
Activity: 588
Merit: 128
March 30, 2019, 10:47:01 AM
Many projects provide little information to ordinary uninitiated people. This is a big problem in the way of mass use cryptocurrency.
It is necessary not to be lazy to clarify information to people. People need to understand what they are dealing with, the advantages over the traditional system will then be obvious.
jr. member
Activity: 140
Merit: 1
March 30, 2019, 08:04:13 AM
The cryptocurrency really complicated because of its many risks and the other is the volatility of its market.you can even prepare them if you have a good education this is the cryptocurrency routine. These are usually experiencing complicated are the novices here and those who just enter the projects to invest and they are usually trick and that scam is one What to do is to be trained first to avoid being fooled by scammers in cryptocurrency
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