Cryptocurrency is too complicated - page 8.

hellyah070

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Quote from: motun01 on March 12, 2019, 10:20:05 AM

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 you are correct in the beginning it is very hard to learn and use as it is very different in compared to our fiats and even our banking transactions. But As soon as there will be mediator that will going to teach us on how to utilize the cryptocurrency, we can learn and even gain more profits to it.

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Quote from: poodle63 on March 27, 2019, 10:53:30 PM

Quote from: fortelen on March 27, 2019, 10:39:18 PM

Using Cryptocurrency is complicated, I don't think so. Cryptocurrency can be a medium of payment and there are places where there are payments using Crypto. If they are used to trading and investing, I don't think Crypto will be complicated.

Basically there was hundreds of tutorial over the internet and i thought that everyone can access it and there was no a lot of problem with this thing. he was talking about how complicated crypto for newbie.
Newbie must try to understand it before try to use it.

I think the information on the internet is already very much and new users should be easy to learn and understand crypto. nothing complicated, as long as we want to study seriously.

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Quote from: fortelen on March 27, 2019, 10:39:18 PM

Using Cryptocurrency is complicated, I don't think so. Cryptocurrency can be a medium of payment and there are places where there are payments using Crypto. If they are used to trading and investing, I don't think Crypto will be complicated.

It becomes complicated when you invested at slow growing coin, but if you've choose the best one there's nothing complicated to think of. Always bare in mind to pick those better projects in order to invest for good quality tokens that has strong community. The future depends on how a certain project will go through it's milestone.

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Quote from: fortelen on March 27, 2019, 10:39:18 PM

Using Cryptocurrency is complicated, I don't think so. Cryptocurrency can be a medium of payment and there are places where there are payments using Crypto. If they are used to trading and investing, I don't think Crypto will be complicated.

Basically there was hundreds of tutorial over the internet and i thought that everyone can access it and there was no a lot of problem with this thing. he was talking about how complicated crypto for newbie.
Newbie must try to understand it before try to use it.

fortelen

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Using Cryptocurrency is complicated, I don't think so. Cryptocurrency can be a medium of payment and there are places where there are payments using Crypto. If they are used to trading and investing, I don't think Crypto will be complicated.

jabrix

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Quote from: go4crypto on March 27, 2019, 03:27:43 PM

Cryptcurrency is still too hard for average person to understand and use effectively. Even experienced crypto investors have lost coins through mistakes. It will take some time for crypto to be as easy as using a credit card.

Indeed, it is not easy to use crypto money so that it is one of the things that is avoided by countries that reject crypto because concerns can harm users.
Whereas people with low levels of education are very difficult to understand how to work and calculate crypto money so that they are not interested and don't even like it.

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Quote from: demonz666 on March 27, 2019, 09:40:29 PM

I don't think cryptocurrency and blockchain aren't complicated. precisely with the existence of blockchain technology it will be easier for us to transact money between countries and continents in the world easily. without the need for a third party (bank). we can transact directly peer to peer. and if crypto is used as a payment tool it's also easy. we only need to transfer money from our gadget. nothing complicated.

you are right.
the transaction costs can also be quite cheap. indeed for some people it looks complicated, it only requires a little extra time to learn and understand cryptocurrency. (including me).

i'm sure after that everything will look easy.

demonz666

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I don't think cryptocurrency and blockchain aren't complicated. precisely with the existence of blockchain technology it will be easier for us to transact money between countries and continents in the world easily. without the need for a third party (bank). we can transact directly peer to peer. and if crypto is used as a payment tool it's also easy. we only need to transfer money from our gadget. nothing complicated.

Tipstar

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You are correct in this matter. People around the world are interested in blockchain and cryptocurrency for its advantages but are resisting the use citing the complexity of the learning curve. Though there are individual tokens and exchanges making things simpler, we still need a wide and hassle-less unified crypto exchange wallet that can bring in or send out any desired crypto with negligible fees.

StephenJH

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The average guy cannot be able to understand the working mechanism behind the crypto ecosystem and blockchain. Forums are created for explaining our opinion and share the useful tips for newbies.

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Quote from: go4crypto on March 27, 2019, 03:27:43 PM

Cryptcurrency is still too hard for average person to understand and use effectively. Even experienced crypto investors have lost coins through mistakes. It will take some time for crypto to be as easy as using a credit card.

the need for development so that crypto can be used by all people, the crypto system is still too complicated for some people to understand, there are still many countries in the world whose communities cannot access and use the internet, payments using crypto may occur in the future

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Quote from: trashman43 on March 27, 2019, 07:36:37 PM

Cryptocurrency is complicated for people who have narrow minded attitude towards the use and adaptation of new technological advancement. People who accept technological change will never see cryptocurrency and blockchain technology as being complicated.

It is our own appreciation and our complete understanding with these. Those who never want changes and not an open-minded individual they will find it complicated. As we step into this new technology, it is very applicable to the current generation we have as we mostly engaged into computers and online businesses. By using this this, it simplified our work loads and have a fast transactions which is we definitely be needing to become more productive.

trashman43

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Cryptocurrency is complicated for people who have narrow minded attitude towards the use and adaptation of new technological advancement. People who accept technological change will never see cryptocurrency and blockchain technology as being complicated.

MakeMoneyBtc

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Quote from: motun01 on March 12, 2019, 10:20:05 AM

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.

In the world we are living today cryptocurrency shouldn't be too complicated because we are using smartphones everyday and there are enough apps on mobile that are very easy to use and anyone can understand how to send or receive bitcoin.

Kwame Genius

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Yep i agree with all your replies you have for this thread and what i have to say is that, though cryptocurrency and blockchain technology is easy to under but everything to start as a beginner or learning everything by your own is a difficult task. i understand him because i started like him before i was able to pass through. And if one is use to the blockchain, you may take things so easy. Another point is that in cryptocurrency and blockchain there are a lot of speculations of loss of money when it comes to wallet issues. i think this speculations make him bore Grin

faceoff97

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It's simple as the normal currency. Its just that, no one has the control over the system and the price is too volatile but the whole idea is just as the same with normal currency that is more safe and secure to have. You just have to own a wallet of your own that priovides private key and that's it. You can now do all you want about your coin. The only thing you need to do is to safely secure your coin in a safe wallet like hardware wallet or open source wallet. You can try this one to get started: www.hodler.tech/pro

singlecrytpo

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I think once we make digital payments as easy as say venmo than people won't see it as complicated. https://elixxir.io/ sounds promising

949miner

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There is nothing complicated with cryptocurrency and decentralized platforms. The principle is simple, instead of sending funds to a third party, funds are sent directly into the wallet of the other person who is either performing or receiving services or the goods. Cryptocurrency is just the digital form of fiat money just like the physical fiat..

servetoken

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Quote from: oho on March 12, 2019, 12:17:40 PM

I doubt that every person at the moment understands how electronic payments go through the banking system! And I don’t understand why people need to understand the technical side of this process! We drive cars, use smartphones, computers, but few understand how they work! We only know that it is convenient and fast!

Very true! It's important for people to realize that the majority of people who will end up using cryptocurrencies and blockchain won't actually fully understand their inner workings. Convenience and simplicity is the key to mass adoption.

Topic: Cryptocurrency is too complicated - page 8. (Read 1756 times)