Yes, its hard to understand in the first time you heard things about bitcoin, but of course you will not stop from that because if you really want to fully understand bitcoin you will use all the resources you have just to learn more about bitcoin.
We all experience a hard times reading lot’s of numbers in this market, but we are here now still buying and selling and this is a result of hard work and patience, beginners must wear this kind of willingness and don’t give up easily.
Topic: Is Bitcoin too difficult to understand? - page 13. (Read 2095 times)
All anyone needs to know is how to install a wallet and how to send and receive.
Not everyone needs to know how it is mined or any other technical details about it.
I would argue that not everyone knows exactly what interest rate they pay on various
loans they may have for example but they still use them.
Not everyone needs to know how it is mined or any other technical details about it.
I would argue that not everyone knows exactly what interest rate they pay on various
loans they may have for example but they still use them.
So I was watching "The Tonight Show Starring Jimmy Fallon" and I came across a video where Jimmy is talking about Bitcoin's Birthday " Thank you, Bitcoin for turning 10 years today this week which is the exact amount of time it takes for someone to explain it to me what the hell Bitcoin is".
Also, I know it was meant as a joke but don't you think this explains facts in a humorous way!
I feel like the biggest problem with Bitcoin is the "understanding" of it.
What do you think?
If you want to watch the video, here's the link: https://www.youtube.com/watch?v=i3Hma8DKXS8&t=100s
(0:53----1:07)
Also, I know it was meant as a joke but don't you think this explains facts in a humorous way!
I feel like the biggest problem with Bitcoin is the "understanding" of it.
What do you think?
If you want to watch the video, here's the link: https://www.youtube.com/watch?v=i3Hma8DKXS8&t=100s
(0:53----1:07)
Not truly, because for some people do not try to understand it and just using it because they know that they could get a lot of money from it and doesn't need so much information on how to use it.
Bitcoin definitely has to pass through the stage of understanding it for people to be able to use it worldwide. This cannot happen overnight because it is a process. Understanding virtual banking and electronic fund transfer was not easy when newly introduced but people got used to it over a period of time. Same will happen with bitcoin. I learn that some schools are already teaching cryptocurrency.
Very very few of the people who use Bitcoin will actually properly understand all the technical details of it, but that doesn't mean it can't be a valuable asset. I still think that general public don't even grasp the basic concept of Bitcoin either though.
There is a lot of mystery still surrounding Bitcoin for the average Joe. That is why a lot of people still associate Bitcoin with 'ponzi scheme' and other bad things, simply because they don't understand it. It's hard for people to get their head around the idea that a virtual commodity can actually be worth real world 'money'. But times are changing fast, its the same principle that the original implementation of the Internet had, everybody thought that this will never catch on and never be big, but now look at us.
Give it 10 years, the Bitcoin ecosystem will be a VERY different thing and people will have started to get their head around how Bitcoin works even at the most basic level, I think this is the time where will be see a very big re-rate in terms of the price and market value as a whole.
There is a lot of mystery still surrounding Bitcoin for the average Joe. That is why a lot of people still associate Bitcoin with 'ponzi scheme' and other bad things, simply because they don't understand it. It's hard for people to get their head around the idea that a virtual commodity can actually be worth real world 'money'. But times are changing fast, its the same principle that the original implementation of the Internet had, everybody thought that this will never catch on and never be big, but now look at us.
Give it 10 years, the Bitcoin ecosystem will be a VERY different thing and people will have started to get their head around how Bitcoin works even at the most basic level, I think this is the time where will be see a very big re-rate in terms of the price and market value as a whole.
So I was watching "The Tonight Show Starring Jimmy Fallon" and I came across a video where Jimmy is talking about Bitcoin's Birthday " Thank you, Bitcoin for turning 10 years today this week which is the exact amount of time it takes for someone to explain it to me what the hell Bitcoin is".
Also, I know it was meant as a joke but don't you think this explains facts in a humorous way!
I feel like the biggest problem with Bitcoin is the "understanding" of it.
What do you think?
If you want to watch the video, here's the link: https://www.youtube.com/watch?v=i3Hma8DKXS8&t=100s
(0:53----1:07)
Also, I know it was meant as a joke but don't you think this explains facts in a humorous way!
I feel like the biggest problem with Bitcoin is the "understanding" of it.
What do you think?
If you want to watch the video, here's the link: https://www.youtube.com/watch?v=i3Hma8DKXS8&t=100s
(0:53----1:07)
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