Is bitcoin difficult to understand - page 4.

CaCO3

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Quote from: GeorgeJohn on September 11, 2020, 09:07:45 PM

Peoples fine it difficult to understand what is cryptoccurrency most especially bitcoin,but their interested over cryptoccurrency.
I just suggest that their should be a TEXT BOOK that will discuss about cryptoccurrency in order to educate people who are interested because referring them to online shows that know Manuel evidence of cryptoccurrency. And if their is any article that guide bitcoin.

I did not understand your words clearly. But as far as I understand you might want to say how can people know about bitcoin? And how to give people the knowledge of Bitcoin. My advice here would be, if you really want to know better about Bitcoin then you have to spend a lot more time on the internet. You can go to different cryptocurrency sites and read their best articles. There are many books available on cryptocurrency today from which you can get a good idea. You can read this book "The Internet of Money"

Quidat

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Quote from: DarkDays on April 22, 2021, 12:02:14 PM

Quote from: coupable on April 15, 2021, 12:50:22 PM

In its earliest days, it was almost impossible for ordinary peoples to understand and use bitcoin. Nowadays, it's easy to use, however, it's still difficult to understand the technology itself. At the same time, i think it's not necessary for people to understand the code behind bitcoin in order to use it .

I agree. For normal people, Bitcoin can be difficult to understand despite all of the information out there. In fact what makes it difficult is because there are too many resources (some not legit) and it will be difficult to choose those that are legit.

Another reason is that people could easily fall prey to scammers. So, unless these people have some one close to learn from it would be difficult.

Not really that difficult because if you do just simply tell about the basics about payment system it isnt really that hard to understand even explaining it on a highschooler
would really be enough for them to gets on what that certain person is explaining about bitcoin but well you are definitely right that not all would really be that able to
cope up easily no matter how you do explain to them even with the basics.Its understandable that it would be more harder if you do explain about technicality
even myself do still have some things that doesnt able to know behind.

coupable

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Quote from: DarkDays on April 22, 2021, 12:02:14 PM

Another reason is that people could easily fall prey to scammers. So, unless these people have some one close to learn from it would be difficult.

Another great factor that leads people to fall into scams, is when they haven't someone close to learn from it, they also haven't the ability to make a web search and look for trusted docs/references to learn from. Most of them, at better cases, follow videos in youtube and as we all know youtube isn't a reliable source .
To resume, bitcoin is not easy to be understood by everybody but it's also not that difficult to get familiar with .

Gamerholic

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Education and understanding of blockchain technology is very important for the entire market and the further growth of the community. For a long time and until now, this area in the understanding of the mass of people is the lot of programmers or some people associated with the world of high technologies. This opinion needs to be turned around because only after most people realize the importance and benefits of bitcoin and alternative cryptocurrencies, the attitude towards it will change. We need educational programs designed for the mass consumer and ordinary users.

Alanaz

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if we are serious about bitcoin, it is not as difficult as imagined, it is very confusing at first, but if we are serious, it can be done. This is according to my personal experience because the first time I knew crypto was bitcoin at first and I thought for the first month to delve into it it was very difficult and I did not understand at all. but after I studied it earnestly it turned out not to be as difficult as I thought. just need diligent process and learning

Myleschetty

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Quote from: Desmong on April 22, 2021, 12:00:07 PM

Learning about bitcoin and the entire crypto currencies shouldn't be a difficult thing. You can always get materials like free and paid pdf online inwhich you can read.

You're right but the mathematical aspect of the mining and in-depth knowledge of cryptocurrency without having some knowledge in coding or cryptograph is very difficult to understand and I believe this is what the OP is trying to point out.

DarkDays

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Quote from: coupable on April 15, 2021, 12:50:22 PM

In its earliest days, it was almost impossible for ordinary peoples to understand and use bitcoin. Nowadays, it's easy to use, however, it's still difficult to understand the technology itself. At the same time, i think it's not necessary for people to understand the code behind bitcoin in order to use it .

I agree. For normal people, Bitcoin can be difficult to understand despite all of the information out there. In fact what makes it difficult is because there are too many resources (some not legit) and it will be difficult to choose those that are legit.

Another reason is that people could easily fall prey to scammers. So, unless these people have some one close to learn from it would be difficult.

Desmong

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Learning about bitcoin and the entire crypto currencies shouldn't be a difficult thing. You can always get materials like free and paid pdf online inwhich you can read.

ampu

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Safemoon is a phenomenon on the BSC and it has made many people rich. Projects starting from 'Safe' have been mimicking the trend when there is SafeBNB, SafeBTC ... These cryptocurrencies are very new, have the same Base token mechanism, the number of tokens created is huge and valuable for each token is very low. That is the reason why their value increases rapidly, making people not notice the zeros after the diacritics have been narrowed.

izsara

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bitcoin is arguably difficult but easy.
It is difficult when we are not careful in analyzing the chart, moreover, many people are just starting to learn cryptocurrency and immediately analyze it, it feels difficult because they are not yet experienced and do not know more about bitcoin.
but on the other hand it will be very easy when we have started to really know bitcoin by knowing how coins work and how charts so it is very easy to open positions in trading.
should be before we plunge directly into the analysis of charts and others we should first study properly because this is one of the easiest options so as not to suffer losses

geegaw

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Quote from: iTradeChips on April 22, 2021, 05:51:46 AM

If you are going to ask me, I find it difficult to understand the workings of Bitcoin at first. Especially not without anything like a manual or video that would explain how it works. Even if I watch a youtube video or two about Bitcoin, I still won't understand the workings of it. Only with constant dealing with other people and also doing Bitcoin bounties, downloading wallets, and doing Bitcoin yourself sending and receiving transactions, that you will slowly understand how it works.

Indeed, the idea of a system that is quite independent of banks and governments but it is impossible to understand what resources can sustain the life of this technology, a lot of questions arise as soon as we know about bitcoin. Finally, a synthesis of knowledge over time, the concepts of bitcoin just need a basic level, it is important that we understand how to make a profit by investing and trading between projects, deeper concepts of a modern system with bitcoin are unnecessary as it does not support us here

NelfiNovita

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for beginners it may be difficult to understand cryptocurrencies. beginners must have a teacher to guide them to quickly understand crypto currencies, especially bitcoin, if they are not guided, I am afraid they are wrong in acting and they will experience a little loss and can experience very much loss.

iTradeChips

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If you are going to ask me, I find it difficult to understand the workings of Bitcoin at first. Especially not without anything like a manual or video that would explain how it works. Even if I watch a youtube video or two about Bitcoin, I still won't understand the workings of it. Only with constant dealing with other people and also doing Bitcoin bounties, downloading wallets, and doing Bitcoin yourself sending and receiving transactions, that you will slowly understand how it works.

CLS63

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Quote from: Dannaey on April 19, 2021, 12:44:57 PM

Bitcoin is hard to understand for those people who are not tech-savvy. Of course, they won’t be able to adapt easily. Bitcoin was invented to improve our lives, but then this high technology is not that user-friendly from the point of view of those in the Xennial generations.

I agree with you. Especially old people who are living really isolated from new technologies have big problems on understanding it. Bitcoin has a totally different technology behind it and it is different from fiat money in many ways.

ECOS_CloudMining

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Today, after 11 years of BTC life, there are a lot of different books, films, articles about crypto. That’s good because many people really don’t completely understand the role of crypto in the modern world and the possible future of digital currency. When the speech is about the films, we memorize the first video about BTC by Stefan Thormas. Also you can read helpful articles and guides on the blog at our website.

dbkeys

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The bitcoin blockchain is an accounting book. New pages (blocks) are added approximately every 10 minutes. These pages have the transactions, where one account pays a certain number of coins to another account. Miners are the ones who get to add new pages to the accounting book; if they win the competition to be the one that adds the next page, they are rewarded by being allowd to create some new bitcoins for themselves on that page. That is now 6.25 bitcoins (it goes down by 1/2 every 4 years).

Gamerholic

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If you look back and look at the path that bitcoin has traveled from the beginning, that is, from the first block chains and look at what the community has become during this time and what the market has become, you can understand that this path is impressive in its events, milestones and, most importantly, quite lengthy. time. For such a period, any person who would be interested in what it is and how it works would have already become an expert. We can find such a huge array of blockchain information on the Internet today. It is surprising that something is still incomprehensible to someone.

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Quote from: Dannaey on April 19, 2021, 12:44:57 PM

Bitcoin is hard to understand for those people who are not tech-savvy. Of course, they won’t be able to adapt easily. Bitcoin was invented to improve our lives, but then this high technology is not that user-friendly from the point of view of those in the Xennial generations.

Bitcoin isn't hard to understand, it completely depends on the person briefing it or the article which the user take for knowledge grasping. Another thing there is difference between BlockChain and Bitcoin. We need to be clear about it, Bitcoin and blockchain are tied together. We can have a book for BlockChain and not for cryptocurrencies.

Dannaey

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Bitcoin is hard to understand for those people who are not tech-savvy. Of course, they won’t be able to adapt easily. Bitcoin was invented to improve our lives, but then this high technology is not that user-friendly from the point of view of those in the Xennial generations.

boyptc

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Quote from: coupable on April 15, 2021, 12:50:22 PM

In its earliest days, it was almost impossible for ordinary peoples to understand and use bitcoin. Nowadays, it's easy to use, however, it's still difficult to understand the technology itself. At the same time, i think it's not necessary for people to understand the code behind bitcoin in order to use it .

Yup.

The code or technicalities, everyone don't have to dive in if they're buying bitcoin as an investment. They only have to understand common terms and important details like wallets and addresses.

But as time passes, a newbie investor will eventually learn those things and it's up to them to dig to know more about the complicated knowledge and information about it.

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