Is Bitcoin too complicated for ordinary folks? - page 32.

Slark

legendary

Activity: 1862

Merit: 1004

Quote from: First77 on January 31, 2018, 03:06:34 PM

Billionaire "Warren Buffet" said "Bitcoin will end up badly".

It is easy to criticize and throw random negative comments when you have no intention of supporting the new system.
Do you think that Warren cares about the decentralized system? He is the epitome of the old blood, banks and centralized fintech.
A tone point Steve Balmer from Microsoft said that iPhone has no chance of earning even 1% of the market share... Yeah right...

https://www.youtube.com/watch?v=eywi0h_Y5_U

allycn

full member

Activity: 420

Merit: 110

It may seem confusing at first, but it is not that complicated (maybe the technical aspect of it, but it is a matter of taking the time to do the research and learn about it). However, since there is so much information online you also have to be careful whose advice you follow if you think investing in BTC is something you might be interested in.

fukingnutz

newbie

Activity: 38

Merit: 0

Crypto definitely has a learning curve. Too complicated? At the moment I think the scale tips in that direction. Crypto is in its infancy and it will evolve like everything else.

In due course, mainstream adoption will come.

ariscan

newbie

Activity: 131

Merit: 0

I think this bitcoin is not complicated for ordinary people. Because in this bitcoin many discussion forum about bitcoin that we can learn. and we can discuss with friends who have joined bitcoin. we just need to instill a person's curiosity about bitcoin. with a sense of wantin to know that they are being poised to review what bitcoin is and how the bitcoin works.

felixesteban

member

Activity: 294

Merit: 10

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It's really complicated for newbies to be honest. But to some extent they don't need to learn the technology behind cryptos. For instance old generation don't know much about cell phones but they can use many applications in their daily lives

nalinpuri

jr. member

Activity: 130

Merit: 3

I think Bitcoin isnt complicated at all for ordinary folks.If a person devote time in studying about bitcoin on internet by wikipedia or any other source,he can understand everything easily.

onnz423

hero member

Activity: 840

Merit: 508

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Everything is too difficult for the ordinary folk, it takes innovative companies to make it accessible to the general public, in a way that is safe, secure and easy to use. This is the same with all technologies, first the specialists get at it, then they dumb it down so that the layman can use it. Think DOS morphing into Windows 10 over 40 years.

2Godbdglory

newbie

Activity: 112

Merit: 0

Bitcoin can be complicated if u didn't follow due processes. Bitcoin is a work on it own because it require more time. Due process id the order of bitcoin

Hirameki

member

Activity: 176

Merit: 10

It may be complicated to handle for some ordinary folks but when they start to get into this, they can handle this easily. Just like us, just like me at first i didnt know anything of this, but i research about it. Join this forum and learnded every single day about cryptocurrencies.

bahula33

newbie

Activity: 210

Merit: 0

Quote from: The Golden Boy on January 31, 2018, 02:04:40 PM

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/

if I think bitcoin for beginners or ordinary people, I think is not too complicated, depending on us alone, willing to learn or not, complicated for those who do not want to learn easy for those who want to learn !!!

amaydel

full member

Activity: 448

Merit: 100

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I think bitcoin is quite complicated for others since it requires someone to be computer literate for them to use it. Much even more if they will involve in trading or investing since the process is a bit difficult and one mistake can even cost them their tokens inside their wallet.

parker99

newbie

Activity: 107

Merit: 0

Bitcoin is complicated to people who are not interested. It takes time and patience to fully understand the concept of bitcoin and other crypto currencies.

cryptolerant

full member

Activity: 210

Merit: 100

Quote from: sirkings0003 on February 07, 2018, 07:11:30 PM

Bitcoin and other cryptocurrencies is not as simple as fiat money understanding. However, cryptocurrency does not require you to enroll in a college before you understand it. Just little personal research on it would help you out immensely.

I am not totally agreed. Only thing you need to know is simple computer skills and basic investing skills, that's all. If you know little, you can start investing easily. It is not so difficult to use exchanges.

Huskarls

member

Activity: 364

Merit: 10

Probably those people who thinks that bitcoin is so complicated, they didn't learnt in a right way, in other ways when they know bitcoin, the only thing in their mind is only about investment, and just another investment, it will bring your economy to a big crash.

they don't want to learn deeper what is bitcoin, its technology and its environment, how it created and something else. they only want something instant and dont care about its risk or what else behind bitcoin

princesspoppy

member

Activity: 634

Merit: 10

Nothing is too complicated if you are willing to learn. Ordinary people or even young ones can learn and know about bitcoin. It is not that complicated on how it works. The only problem is that this ordinary people are not patient and willing enough to learn about it that really make it hard for them to understand bitcoin. Also the main purpose of bitcoin being a currency is not really used/implemented but rather as an investment and asset which also leads to misinterpretation and makes it hard for someone to understand on what bitcoin really is.

donalfonso

jr. member

Activity: 154

Merit: 1

Bitcoin is complicated to explain to an ordinary person who is not an IT or gadget or technology enthusiast, imagine explaining the principle behind block chain, mining, etc etc to an ordinary person who really doesnt even understand internet basics.

Divyanshu2710

newbie

Activity: 56

Merit: 0

no its not that complicated for ordinary folks but its just limited and not currency or i can say part of daily life so any person can find it hard to understand.

tikaka

full member

Activity: 336

Merit: 100

I do not think that bitcoin is too complex for ordinary people. If they take the time to learn about bitcoin every day. I think ordinary people can still use it well. I am also an ordinary person and I do not have much trouble with the use of bitcoin. Bitcoin is not as complicated as many people think

budz0425

full member

Activity: 504

Merit: 101

Quote from: arteezyy on February 09, 2018, 12:09:20 PM

I personally thinks that it is not that too complicated, the thing that makes it more complicated is that many people deny the probability of the bitcoin if they are really worth it for time investment and effort.

The educational standard for common folks is to be taken in measure too, because not all of us can speak english languange fluently, and many people can speak english but most of them have a hard time understanding the language itself, disregarding the local sub, it will be too complicated for common folk to understand many things about bitcoin if they doesnt have the drive to learn it.

The person teaching the common folk is another variable to be considered too. What if the common folk is a type of person where you really need to provide every information that you have just for the common folk to understand the little information about bitcoin? It will depend on the person teaching and the person learning but the topic about bitcoin itself is not complicated as long as you have the motivation, resources, knowledge and comprehension to understand it.

You are right, for those who really want change in their life, I don't think that there is a complicated one. People can easily adapt this kind of innovation if they really want to especially nowadays that a lot of tutorials/guide available in the youtube and all over google you just have to explore so we can see it.

arteezyy

member

Activity: 133

Merit: 10

I personally thinks that it is not that too complicated, the thing that makes it more complicated is that many people deny the probability of the bitcoin if they are really worth it for time investment and effort.

The educational standard for common folks is to be taken in measure too, because not all of us can speak english languange fluently, and many people can speak english but most of them have a hard time understanding the language itself, disregarding the local sub, it will be too complicated for common folk to understand many things about bitcoin if they doesnt have the drive to learn it.

The person teaching the common folk is another variable to be considered too. What if the common folk is a type of person where you really need to provide every information that you have just for the common folk to understand the little information about bitcoin? It will depend on the person teaching and the person learning but the topic about bitcoin itself is not complicated as long as you have the motivation, resources, knowledge and comprehension to understand it.

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