Topic: Is Bitcoin too complicated for ordinary folks? - page 33. (Read 2323 times)
It is difficult for a very large audience, since many people do not live in the world of investment and this new market has also become untenable for a large audience, but I hope that soon more people will devote time to bitcoin.
I believe that for many people still live in the Stone Age, they do not want to recognize that on the street the 21st century and that new technologies have come to our lives that can change life. But as practice shows, people do not want to keep pace with the times.
I wouldn't say it is too complicated for the average folk but I will say the conversation has been distorted as of late as to what is important and that can be harmful for bitcoin's growth long term. Us here we recognize the technology is great but it would take hours upon hours to explain that to the average person. We just need to redirect the conversation back towards blockchain and bitcoin because those technologies are what is really important here.
Its not so complicated i think in my thought. Bitcoin is easy to understand.
Complicated or not dependin on how deep we want to learn it. If we just a little bit to only understand how it work and how we use it then its easy. But if more deeper like what the code and the block mean. Why the transaction slow? Its because of block or something then it will be more complicated. So i think to make not so complicated then beginner just learn their portion and no more to prevent confuse.
The thing is, people see bitcoin as a way to make money. Tgey don't care about blockchain and the technology that runs crypto and i doubt that these people will also be interested to learn about it. It will become a bit complicated especially for the less tech-oriented. Best is to simply expose them to crypto and let them learn themselves.
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/
Most people were looking to get into crypto for the money, even if it was "too complicated" it sure as hell wasn't difficult enough for most people to set up and account and play games on the multitude of exchanges that exist. Even a ton of the people that I found that were more technologically inept were able to deal with Bitcoin and the small amount of technical knowledge required to use it, and if the "majority" or the "ordinary" person is unable to figure out how to use something as legitimately simple as the multitude of existing wallets and interfaces for Bitcoin then there's no hope for them in the first place. It's super easy to use right now and I don't know what could be made simpler, aside from babying people through it that is. For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/
Yes indeed something we have not learned it will feel complicated. Like most now beginners in my area speak like that, but I replied, none of that is as difficult as we want to keep learning deeper, And now it's easy to find information about bitcoin like vidio on youtube, google articles, and I've also heard there are books about bitcoin, So all of that will make things easier.
I wouldn't say it is too complicated for the average folk but I will say the conversation has been distorted as of late as to what is important and that can be harmful for bitcoin's growth long term. Us here we recognize the technology is great but it would take hours upon hours to explain that to the average person. We just need to redirect the conversation back towards blockchain and bitcoin because those technologies are what is really important here.
Its not so complicated i think in my thought. Bitcoin is easy to understand.
Complicated or not dependin on how deep we want to learn it. If we just a little bit to only understand how it work and how we use it then its easy. But if more deeper like what the code and the block mean. Why the transaction slow? Its because of block or something then it will be more complicated. So i think to make not so complicated then beginner just learn their portion and no more to prevent confuse.
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/
I actually do believe that bitcoin is a little too complicated for the average Joe. The average person skims over things -- doesn't really look into things well. I think a lot of those "average" people were the ones who were dumping their money into the cryptocurrency markets without knowing the risks that they were partaking in. That alone tells me that a good amount of people don't even know how bitcoin and blockchain work. The first problem comes when people spite blockchain because of bitcoin's economic success. They should know that the two aren't as related as they think they are.
It is really not complicated if you do some research. Problem is, ordinary folks, don't usually go be curious and research. They always like for things to be served to them.
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.
It is a good question. Many people never get comfortable with computers or technology. The cryptocurrency market may not reach a wide general audience unless that barrier can be overcome.
Bitcoin and blockchain understanding on a high level isn't difficult. There are plenty of sources out there to gain more knowledge no matter what level you are at. It just depends if it is something that excites you enough to drive further into it. Understanding on a deeper level will take some time, but if it's something you enjoy it shouldn't feel like work. People don't necessarily need to understand the tech in order to use it, but of course, a deeper understanding will perhaps remove some of the stigma associated with crypto by those less informed.
I agree with the fact that some are losing focus of what really matters and just have eyes in the price. But I would not say it's too complicated for ordinary people. An ordinary people can use it as long as it's accessible. Students like me are proof of it.
Maybe the technicalities about the system are a bit hard to understand because of lack of knowledge, background and interest. But in general, it can be undesrtokd by anyone.
Maybe the technicalities about the system are a bit hard to understand because of lack of knowledge, background and interest. But in general, it can be undesrtokd by anyone.
For some maybe yes. To be honest, when I first do some research about bitcoin and cryptocurrency I feel it complicated too but I gave some time to learn it and now I can say that I know some about bitcoin. The problem with some ordinary folks is they want to know everything in a short period of time. That attitude makes them overwhelm and at the end, they will not continue to learn it. Take your time in learning about this concept.
I think BTC has been overrun by people looking to get rich but could care less about the technology. The market grew tremendously in 2017 and I think most new investors thought they would be millionaires by now. Hopefully the January volatility hasn’t scared everyone away.
Yes it is very difficult and too complicated to an ordinary folks. Cryptocurrency needs a better understanding and focus to be able to participate on it. But everything is on practice, once you learn it, it'll be easy for anyone. Specially here in forum, there are so much that needs to learn about to be able to collaborate in a Cryptocurrency community.
With patience they can learn about Bitcoin, at first sight probable it is complicated for a person who doesnt know the terms, but is not imposible.
Btw will reach 25 soon
25 thousand USD? You might be right!
The technological side of cryptocurrencies are hard to get your head around, it is not that it is complicated, it is just so distant from what ordinary people think about technology, when i am out talking about cryptocurrencies, the thing most people find confusing is what happens to their coins once they send them. but i have also tried to explain how FIAT currencies functions and this have people even more confused, but we used it anyway. this leads me to conclude that the technical aspect is not important for people to get into the game.
People in general are distant from technology. When I talk to some folks that are over 50 year old they tend to roll their eyes when I try to explain not only cryptocurrencies but even the basics of online banking. Most of them can't understand that when they transfer money from 1 bank to another the money is not being moved. They also think that their bank has all their money in physical form.
This is nothing unexpected really, I heard people are still bringing lcd screens and keyboards to repair shops when their PC fails to boot because they think it's the vital part of the computer and you're supposed to keep everything together.
The technological side of cryptocurrencies are hard to get your head around, it is not that it is complicated, it is just so distant from what ordinary people think about technology, when i am out talking about cryptocurrencies, the thing most people find confusing is what happens to their coins once they send them. but i have also tried to explain how FIAT currencies functions and this have people even more confused, but we used it anyway. this leads me to conclude that the technical aspect is not important for people to get into the game.
It is definetly not too complicated for the average folk.
Today i asked a CEO of a bank, he said bitcoin will not be a competitor of the Fiat money. But he also said in about 10-20 years there will be no cash anymore and there will be a new payment system, so...
Blockchain is future!
Today i asked a CEO of a bank, he said bitcoin will not be a competitor of the Fiat money. But he also said in about 10-20 years there will be no cash anymore and there will be a new payment system, so...
Blockchain is future!
For sure understanding the technology behind bitcoin is not easy. But using bitcoin as a payment system is not difficult. People can use it without any information about the technology.
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