Topic: Is Bitcoin too complicated for ordinary folks? - page 27. (Read 2323 times)
Yes even the likes of me at first i was confused with the technicalities on how bitcoin works and why do investors earn in bitcoin. And so does curiosity with the system i came to have a lot of research and then i get the concept of bitcoin and that was fun learning about the system. Imagine someone has created a good form of investment and not only that the owner is so techie when it comes to new technology and the use of it. No wonder why bitcoin nowadays became a hit wonder around the world. And if you are asking about its complexity yes there is a complex in the system especially if you are not that familiar with the use of computer. Well i guess investing in bitcoin are those only for computer literate and not for those who are not familiar with computers and internet.
With mainstream media still taking an interest in Bitcoin, do you think we have lost perspective of what is important, and are there to much focus on price? or do you think we will find back to the possibility of bitcoin and blockchain?
For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/
Yes, for an ordinary folks, bitcoin is very complicated stuff because of the fact that it is happen online and you need to be a technological literate.For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/
With mainstream media still taking an interest in Bitcoin, do you think we have lost perspective of what is important, and are there to much focus on price? or do you think we will find back to the possibility of bitcoin and blockchain?
For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/
For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/
There are cahnces that bitcoins is very complicated for other people especially i thinknthose elders because they are not used to the technology thing and digital things they are more used to the things they grew up with like the real cash so they are not that accepting the new generation and that is the main thing that stopping the bitcoins for being an official digital currency. And there are also some places that cannot access internet connection that is why they hard to get used to it
With mainstream media still taking an interest in Bitcoin, do you think we have lost perspective of what is important, and are there to much focus on price? or do you think we will find back to the possibility of bitcoin and blockchain?
For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/
Yes, for an ordinary folks, bitcoin is very complicated stuff because of the fact that it is happen online and you need to be a technological literate. For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/
People usually rush into things, that is how they lose money. Take your time to study and decide to buy afterwards. Also buy small amounts first, just to test the way it works.
Not really. It's a matter of research and asking questions. The thing about life is that one will not really make head or tail of something unless they take their time to study. So anybody that wants to understand bitcoin will have to do research and join forums for more information regarding crypto.
I think everything if we want to learn with patience, surely all will not be too complicated. I suggest to ordinary people who can be said as a beginner. Do not be bored to always learn. And in my opinion, an effective way of learning is to find people who already know about bitcoin. Do not be bored for Asking what you do not understand. Learning earnestly and always be patient, that will make things less complicated.
Yes, for beginners it would be very hard to understand when you had just started to join in bitcoin. I happen to experienced that kind of feeling where I am just about to join in this forum. What I did, I did my research and I study about cryptocurrencies especially bitcoin. Currently, at least I had learn a little about bitcoin and still learning many things and will continue to learn further.
Yes it is indeed pretty hard for regular people to understand bitcoin especially if they arent interested to the latest trend or technology that is happening online but i also agree that nothing is hard and impossible for a person that has lots of dedication and willingness to learn. we do also experience hard times ever since we are still a newbie on the bitcoin scene but look at us now, we can now call ourselves as a pro because we now understand the basics on how bitcoin works.
You can learn, but it is not that easy. I have seen some really dumb non-technical folks buy and hold Bitcoin, so I would say no.
But you need to be very careful. The risk is losing your private key or sending Bitcoin to wrong addresses.
Even crypto funds like
Caviar that will take the load and simplify things for the regular person, still require some knowledge to invest in. you need to buy Ethereum or Bitcoin, then send Ethereum and Bitcoin at the correct address for the ICO, also register with them.
But you need to be very careful. The risk is losing your private key or sending Bitcoin to wrong addresses.
Even crypto funds like
Caviar that will take the load and simplify things for the regular person, still require some knowledge to invest in. you need to buy Ethereum or Bitcoin, then send Ethereum and Bitcoin at the correct address for the ICO, also register with them.
I think everything if we want to learn with patience, surely all will not be too complicated. I suggest to ordinary people who can be said as a beginner. Do not be bored to always learn. And in my opinion, an effective way of learning is to find people who already know about bitcoin. Do not be bored for Asking what you do not understand. Learning earnestly and always be patient, that will make things less complicated.
Yes, for beginners it would be very hard to understand when you had just started to join in bitcoin. I happen to experienced that kind of feeling where I am just about to join in this forum. What I did, I did my research and I study about cryptocurrencies especially bitcoin. Currently, at least I had learn a little about bitcoin and still learning many things and will continue to learn further.
I think everything if we want to learn with patience, surely all will not be too complicated. I suggest to ordinary people who can be said as a beginner. Do not be bored to always learn. And in my opinion, an effective way of learning is to find people who already know about bitcoin. Do not be bored for Asking what you do not understand. Learning earnestly and always be patient, that will make things less complicated.
for now? yes. because not all people is knowledgeable enough in the field of computers that is why some are relying heavily on IT support personnel but for some bitcoin is just like a simple program like money to have a good secure and convenient medium of exchange for us to benefit.
I think It is not complicated for people who has programming background. But for people who has not idea about programming and money transferring system it is hard. Especially mining is too complicated for ordinary folks.
The reason we call them ordinary folks since they are not very technical to understand these kind of things. When we talk about ordinary folks they are very diverse and different from one another. In third world countries there are people who are living on the sidewalk, their concern is how to survive. Majority of the population are poor and cannot afford to buy computers and doesnt know how to use computers. With this we can say that if computers were hard to access then it follows that cryptocurrency is alien to them and is hard to comprehend.
We should help those ordinary folks behind us if they have interest with bitcoin, and i don't think its hard if they study the system briefly. In a certain country if the government has a good program to the people helping them to survive in a daily basis, there's no reason for these people to starve for survival. However dealing with bitcoin to them will be a big challenge, but through the help of bitcoin wealthy individuals can have support to them by means of donations. With that we can gain appreciation from them, and the inspiration will be build for us in the future.
Yes, it still is. The reason why is that, still not many people are adapting the current technology. I am saying about phones, TVs and other gadgets. Technology is rapidly growing, and there's no stopping in it. Yes we have media, but it expresses not the reason why Bitcoin exist, and what's the use of it. So we really don't expect ordinary people to understand or accept it.
Of course, it is not easy to immediately understand how bitcoin works. But here's what I noticed, if a person really sincerely wants to understand bitcoin, if he is interested in it, he understands me with a half-word and already through a few hours quite well versed in it.
It is difficult only at first glance. But if a person is already dealing with a computer and the Internet, and is interested in bitcoin - he quickly enough to understand everything.
Thanks for your write up. Blockchain needs be more simpler explained for the ordinary folks on the street to understand it. This will also increase the acceptability.
Bitcoin wasn't too complicated until the lightning network came along. I could read about the lightning network all day and still have no idea how it works.
It should not be complicated, but some people make it more complicated. People are now can easily adapt to the digital age because that is what the Internet wants to be - to makes us connect easily with other people from far away land. It is normal that it is hard to understand, but then you'll get to understand the technology as you expose more of yourself.
The idea was to exchange coins without centralized control, in electronic form, more or less instantly and at the lowest possible cost. Read more about who Satoshi Nakamoto is in our article.
With mainstream media still taking an interest in Bitcoin, do you think we have lost perspective of what is important, and are there to much focus on price? or do you think we will find back to the possibility of bitcoin and blockchain?
For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/
For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/
It is very complicated to many and i myself get confused on how other aspects of bitcoin is being done because of lack of knowledge. I made a lot of research and sometimes encounter some fake news and panic. But i make my positive on all the issues.
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