Topic: What's the most complicated thing about Bitcoin? (Read 1061 times)

The most difficult thing in bitcoin is to understand how the bitcoin address is generated with the network and the fact that bitcoin mining, hash rate is constantly increasing, for which reason. There were no such concepts and bitcoin did not develop.

Exactly. It all depends on the level of knowledge a certain user has. Besides some Bitcoin features that are not easily understandable by the average person, the most complicated thing about the cryptocurrency is how to properly secure it. We've seen many times how people get their coins robbed in a centralized exchange as a result of carelessness over their own money. If they knew that centralized exchanges are the #1 target of hackers, they would've only deposited a small number of coins instead of their whole life savings. As it's said, "Knowledge is Power". The more you know, the better you'll make use of Bitcoin or any other cryptocurrency within the mainstream world. I guess that it's up to us, experienced crypto enthusiasts to teach newcomers into crypto how to properly secure their money against any undesired situation within cyberspace (hacks, scams, etc). With proper education, people will find it much easier to use Bitcoin for their daily lives.

Hardware wallets are not so easy to use, but they're improving over time. Of course, they're most often expensive to acquire but well-worth the price to secure our crypto funds against high-profile attacks. Once you know the basics of sending/receiving a Bitcoin, as well as, properly securing it against outsiders, then the rest will be just a piece of cake. Most often, users will find interacting with the Bitcoin command-line client harder than doing so with a wallet that has a graphical user interface. Mainstream Bitcoin wallets of today, have attractive and easy-to-use interfaces which makes sending/receiving Bitcoin extremely easy for everyday people. But learning the command line is a must, in order to exploit the full potential of the Bitcoin blockchain.

Nonetheless, I believe that Bitcoin will become much easier to use over time as developers improve the user experience of wallets. Securing Bitcoin against hacks or theft will be a thing of the past, as hardware wallets will become a necessity in the future. Time will tell us whenever people will truly adapt to digital currencies like Bitcoin and Ethereum or all the other way around. Just my thoughts

If that would be the case then I think we could classify this as under the umbrella of Volatility, the reason why most people like us fails in investment is when we are getting lost to predicting the price of bitcoin, we aren't aware about the volatility that bitcoin has, in this case, we end up just buying and selling without considering any foundation that we could rely our decision into. For me, the time you are pertaining is not a season, it is a short span of time that we have almost every week, because despite of a market fluctuation, we can still earn when we can spot the short increase and decrease of the price of bitcoin, in short, we should be fully aware of the volatility.

I do agree to that, almost crypto users find it hard when it comes to holding bitcoin. It is also in the nature of a human where we are always itching to get the outcome of our investment or make an easy profit that is why we can't do to hold our bitcoin for a long time.

investing in bitcoin sometimes there are different difficulties for each person, and for me the difficulty that still challenges me is the process of holding bitcoin because sometimes I am quite afraid to hold the target I want

The most complex thing about Bitcoin is that it's hard for us to predict its value. Investing in Bitcoin takes a broad vision and understanding. Last year was the year that I completely failed to invest in Bitcoin. But I still believe there will be a time when this market thrives again. How about you?

I want to say something about it. How does the bitcoin chain get back? CZ said something about it. There was a hack at Binance. Then CZ said the chain could be taken back. Well, who's gonna do it? Where is a community of miners of such great power? And how do they get in touch.

The problem is just in reverse. If you were getting paid then someone can reverse it. I do agree and it should be enabled somehow so that you do not need to worry about sending say bitcoin cash to a bitcoin address which I have done and resulted in losing a lot of money. Even the most experienced of us can make these mistakes and so I am very very careful when making transactions from now on not to make silly and costly mistakes. Don't let other things distract you too much.

That's quite true, because right at the moment, it is not enough that we know Bitcoin, how it's transaction is working, but also to consider knowing the technology behind that is in fact the way for us to contribute to the cryptocurrency space. Imagine, if we are a developer that is mainly focused on coding, there are times that we are thinking of a project to build, and if we are aware what blockchain is, we could develop our own cryptocurrency or blockchain based project that is surely having a great contribution to our society.

for me the most complicated thing is the existing blockchain system, I've attended a special class that discusses crypto technology and so far I'm still learning it. in bitcoin there is a system that is quite complicated to understand especially for me who doesn't have much knowledge. for other things maybe in the price movement section, I'm still really learning a lot about how to calculate market margins

Somehow I think about the most complicated thing about bitcoin. But then I realize as a bitcoin user who is not using bitcoin for the strange transaction, and I think I don't find it's complicated to use bitcoin. I think as long as we know about what is wallet address, and how to use the wallet address to make a transaction, how we can deposit or withdraw the money, we don't have to feel complicated. Everything was set it up, and we don't have to worry or confuse when we use bitcoin.

As you said, most of the technical difficulties can be solved by creating a nice user interface. Done. Making their experience the same as using another digital payment wallet. Balance, send, receive, etc.

I think the main confusion for people is to realize that there is no central party for Bitcoin. The decentralized concept can be bamboozling for people. That's why you often see newbies looking for "customer support" of Bitcoin, still asking how to revert a transaction, etc. The most crucial aspect to teach about crypto is that decentralization concept IMO.

My biggest fear was that if I start receiving my payments in crypto (bitcoin) in place of dollars/euros will that be of any use. I know I can use dollars any time and at any place but can that be done with crypto also? This is was my biggest fear that kept me away from bitcoin for many years before finally moving in.

I know it's sounds funny but i think the most complicated thing is the price. Why the price ? my brain is cannot accept it why a virtual currency which have no physical form and at the beginning the price is almost nothing becomes the greatest virtual currency in this world. I wonder why people are making the demands of bitcoins.

The most complicated thing for me about Bitcoin (I mean all of the cryptocurrency) is the reversal of a transaction, like if you mistakenly sent it to another address, automatically it will be gone forever, for example is when you are sending in bitcoin but you sent it accidentally in a Ethereum address and vice versa. I think it would be great if they would upgrade it to a wallet where you could receive other coins but it will be on a spam address, something like that.

In my opinion and this is the reason why I think many fail to adapt to cryptos in general is probably the security of keeping your bitcoins or other cryptos safe.

Most people these days use Windows 10, and they usually got some malware and virus. If they get some bitcoins and keep it on their PC, there is a good chance it might get stolen. Even if they keep it on an exchange, chances are that most don't use 2FA and they usually re-use the same passwords and has an equal chance of getting stolen.

Hardware wallets and cold storage applications like Electrum work great, however try explaining how it works to your wife or your parents, they will get confused. I think there should be some safe solution and easy to understand how to keep crypto safety stored without the chance of theft. If this isn't accomplished then it will set back many people.

I think the most complicated way about bitcoin is its volatility in terms of price because it is changing time by time, we cannot actually predict when it's gonna pump or dump so if we buy some tokens, we don't know when to sell or even buy more because what if in the future it dumps to a very low price and did not come back again. But you will regret that if you don't buy tokens and it pumps more than 200% of the tokens you bought. It is actually taking risks, if we lose, we should not lose hope and buy some more until you win.

I remember the transitioning from My ether wallet vintage to the new MEW right now, just to share my experience and might be helpful to bitcoin application developers. If they are to make an update to their applications, they should consider still providing the features they have, or to somehow notify the people about the changes that happen. Because most of the time, the most complicated thing is to search for the feature you already have before and once the application was updated, it is not available.

Since I have the basic technology that I learned at university, there was no problem understanding technical bitcoin. But there are other
things that make bitcoin look complicated, which is about mining. I have several times learned about mining not yet understood fully, the
more studied the more confused my brain. Many mining terms are very difficult to understand, not to mention mining equipment which is
quite complicated to understand. After that the calculation of income that we get when doing bitcoin mining is the most complicated in my
opinion.

To use bitcoin, it's a complicated thing from the beginning.
Someone has to learn the fundamentals of bitcoin, learn how to create a wallet (address) in a secure way, save the passphrase, or sign-up on an exchange learn how to use it, set the miners fee, and so forth. Everyone must go through that path if you want to use bitcoin, there is no shortcut or a way around, or else his bitcoin can be lost or he will be fooled by others.

Before launching to public bitcoin have been complicated and not have to worry with some thing bad later with bitcoin, have been higher secure for bitcoin become investment assets, when investing with bitcoin or altcoin you can secure your wallet first by 2FA and use mobile phone activator code when log in to your account, always keep safety for all your bitcoin and altcoin assets.

Indeed, that is why I like the move of the French government where they include the blockchain technology upon their school curriculum and I do hope that other countries will do the same so that if when a person chooses to engage in this industry it would not be hard for them to understand this kind of technology. Blockchain do really complicated for a person to understand especially to those who have no enough knowledge of technology that is it is necessary for them to be aware in order to prevent them from a malicious scheme.

i dont feel complicated on that part but i find that normal because gold and other assets can also work like that but people dont complain about them  .


same here but this does not mean that its already complicated  but all other things are also hard to understand at first but after you learn them they will just become easy  .

bitcoin is not complicated if i were to ask   . its just we people make things complicated   . if we will only change this manerism i think we can the world a better place

Hmm, let me think first . I think the most difficult topic I hardly understand when it comes to bitcoin is its technical aspects (Who's with me? I guess most of us does). I can't imagine what really a block is, about nodes and other stuff related to bitcoin mining. Well, I experienced computing the mining power of a certain rig and knowing its hashrate because I really love solving math and I'm really curious on how much energy it can consumed. However, I don't know if I'm really doing it right because I'm not familiar with the deductions need to be considered like fees from mining pools etc.

Don't get me wrong, I'm not as moron as what you think . I'm willing to study btc's technicalities but unfortunately I don't have plenty of time. I'm just a busy bee these days.

Bitcoin is already complicated since it was a digital currency and also an investment something like a stacked market which have a market, when I was just starting in bitcoin it was very complicated and I don't understand a lot of thing for a lot of people who don't really have knowledge or not exposed in technology bitcoin was just hard to believe also the bitcoin technology was unique. Something like mining was complicated that affect the supply of bitcoin and the miners are the one processing the transaction in bitcoin was so complicated in many ways I think this cryptocurrency or blockchain thing needs to be taught in universities.

What I found most complicated about bitcoin was that the transactions were on a public ledger but no one ever knew who was sending the coins to whom as the addresses weren't connected to any physical identity. This was the problem that I faced and also that why can't the transactions be reversed. But with time I understood all the things taking place behind the curtain.

Many opinions and predictions that are made by many person or people about the cryptocurrency and especially the innovation which must be adapt by many people I will add about the most controversial thing about bitcoin is the fluctuating of bitcoin which anytime it will up and down or pump or dump just like other investments but this is also one of the beautiful in the cryptocurrency because of this fluctuating this is the way why other crypto enthusiast are gaining profits because of this system. Controversy like that makes complicated but this is like of good controversy.

Since i first started to discover about bitcoin the thing that makes me complicated to understand about bitcoin is how it was created and how could you spend bitcoin if no one could ever accept bitcoin as a currency. I have a lot of questions that time, but for now some of my questions already have been answered since i started to study about bitcoin and blockchain technology, and with the help of the members of these forum.

As far as Bitcoin is concern, there are many diverse opinions from individuals relating to the innovation of this cryptocurrency, as to what it is and what drives its value. So, for me, i will like to say that the controversy regarding bitcoin makes it the most complicated.

First thing I am confused with using bitcoin wallet because I faced trouble with coinbase account, I want to deposit bitcoin to coinbase bitcoin address by when click get wallet received with different bitcoin address, I don't why my address bitcoin always change in coinbase adn I ask at the forum about how procedure of bitcoin address in coinbase wallet and I think is not problem because my payment will receive.

I think the feature of bitcoin that being anonymous. They say that the government cannot track you if you use bitcoin but it is not true because you can also track if you will use bitcoin. It is a complicated thing because there are people who saying that bitcoin will make you anonymously but it is not true after all. The bitcoin transactions are traceable in blockchain.

I also feel this is one of the major inconveniences in paying with bitcoin for many shops and some types of services. I've talked about this a lot on the topic of paying for things with bitcoin but it seems people don't understand what I mean. Instead of having to use some common bitcoin command or knowledge to be able to trade it, we can use credit cards to make payments. Just a swipe and everything is done! easyy more than using Bitcoin. so I still choose to be a classic, I prefer to use fiat money for payment.

Yes, you are correct. UI is sometimes make the crypto currency more complicated because of technical terms. Developer must know how this terms make simple to avoid confusion and misunderstanding. As an IT student when I have a time, I hope I can make a way to simplify the process inside crypto currency.

The most complicated will differ depending on how much tech savvy the user is. If you are a complete newbie the most difficult thing will be understanding that a private key is not your address. I see people all the time posting TXID instead of their address or putting their own address in the target field, there were even people who mixed the fee with the coins they wanted to send.

For the average user the most difficult will probably be keeping your coins in your wallet and making sure nothing leaks. There's a lot to protect with bitcoin. Your wallet password, private key, recovery phrases... You also have to keep the email registered on exchanges pretty secure.

For me I think getting it for free. Because there are so many way to earn bitcoin like investing to it. You can get it free by working or promote projects here that's why that is the most complicated thing about bitcoin.

The only complicated thing about Bitcoin is the different understanding people have about what Bitcoin is and its purpose in the financial ecosystem. A lot of people see Bitcoin as a digital asset and others see it as a digital currency. Personally, this has been the only complicated thing I have seen about Bitcoin. People not knowing the truth nature of what Bitcoin is and the ideology behind the creation of it. This has also been the reason why the adoptation of Bitcoin into the mainstream financial ecosystem hasn't been successful. People having different knowledge about Bitcoin is the most complicated thing about Bitcoin..

People also need to get used to taking note of what they do and where things are. THey need to back up their private keys and remember what address belongs to which. Often people leave coins behind in an old address and if they lost access to this they will lose their coins. Understanding these things takes some time getting used to as most people are not used to being fully responsible for their own assets.

I haven't experimenting anything with my electrum wallet such as sending BTC but setting few satoshi for the transaction fee, I'd be worrying more if its not verified for a long time.


Losing password and privatekey is a dead thing. Thats not a complicated thing to understand since you already knew that. Remembering and keeping your private key is the hardest so far. You can never be sure no one can find it.

My biggest fear was what will happen if my coins are hacked or I lost my key. Since as newbie I was told that you cant recover your coins in case they are lost due to any reason. This is perhaps still my biggest fear and I am sure fear of many others too.

I think the most complicated thing about anything (not only bitcoin) is the getting started factor. With me, the most complicated thing was choosing the correct wallet. since there were too many wallets (hardware, software, and paper), which one to choose was very tough in the start.

Yes, I think so too so that Bitcoin is very hard to do with offline transactions. I can not imagine what happened to Bitcoin if there is no internet connection anymore. Not everyone understands Bitcoin transactions offline.

To be honest, I never thought about complicated things about bitcoin, because my goal was to use its simplicity.
For example, transaction convenience, easy-to-understand UI. If for honest system problems I don't understand at all, especially how the bitcoin protocol is formed.

Well,Its a little bit difficult to convince people that its doing pretty amazing

Error in stepping so that bitcoin can change hands and without we can change the wrong transaction so that it can be corrected, this is a very fatal thing and not so with banking transactions that can still change it by giving a report, it will not be done again if it happens on bitcoin transaction. need caution in going further for each bitcoin transaction and need to check several times until you believe that you have not made a fatal mistake.

I think one of the things that complicate bitcoin is the fact that you are totally in control and only have yourself to blame if something goes wrong. If you send coins to the wrong address or something like that then nothing can be done. Being in total control like that is not something people are used to and I feel they would rather pass that responsibility on to a third party and pay that third party to be responsible. Banks give people a feeling of safety that their money will be ok. I think wallets should make more of a deal over your transaction confirmations so that you don't send to the wrong address or get distracted. Make you solve a short puzzle or something so you know you awake and not fall asleep or too stressed to think. That's when people make mistakes.

Exactly. That's the real issue here. Since most people associate price trend with the success of any underlying asset, it's difficult to get an average person to use Bitcoin right now. People want something that's stable enough to be used as a currency just like Fiat is doing right now. I'll be complicated for most people to keep up with Bitcoin's prices across the market just to maintain financial stability with it. Also, since most people think about the money instead of the technology, they don't find ways to properly secure their crypto funds.

The hardest part is securing our Bitcoin against hacks or theft. Software wallets are prone to bugs, and viruses put at risk one's crypto funds. On the other hand, online wallets are prone to hacking or theft, with a greater level of risk than software wallets. The most secure solution is to use a hardware wallet, but that involves a certain degree of technical knowledge to be able to use it correctly. Since most people don't have the time to learn how to secure their crypto with a hardware wallet, we've seen how mainstream adoption has been declining each day because of hacks, theft, and the large uncertainty surrounding crypto land.

Hopefully, things will get easier over time as developers work hard on creating wallets that are as friendly to the user as possible. Guiding an average person using "baby steps" would help him/her get a hold of Bitcoin easily. So far, sending/receiving Bitcoin transactions is a task easy enough for the average person to understand. But advanced features like multi-sig addresses, batch transactions, offline transactions, and even mining would require a certain level of technical knowledge to use them within the Bitcoin blockchain. Just my opinion

Yeah, what miners are receiving as a reward for confirming is the fees and reward for each block confirmed.
Me either, it just confirmation that appears there can be just one, some are 2 or 3 but I guess it depends on the amount of bitcoin. Larger amount of bitcoin needs to confirm several times and smaller ones need just one. I bet it depends on the computer or GPU, the faster the GPU the faster it computes the mathematical computation and algo of the block.

Whiles getting to know more about this industry, one thing that i faced as a difficulty was when i was trying to prove ownership of a bitcoin address. This was quite complex as it took me several days to get this done. I think most newbies in this industry might also be facing this problem, well if you are happen to be in such situation you are welcome to seek help from this article.

Bitcoin is a breakthrough of the 21st century in the world of cryptocurrency

I think the most complicated thing about Bitcoin is the fee. They said that it is the reward for miners to confirm the transaction but it is really hard to understand how the miner confirm the transactions.

It is quite not complicated actually, it is considered a dead-end for the investment that you have on that particular wallet address or account.

Moving on, for me, the most complicated thing for bitcoin is when you are referencing transaction history of different wallet address especially when there seems to allot of address showing in the blockchain. In this regard, may be an identification name could be a solution to minimize confusion through the addresses.

One of the most complicated things about bitcoin is losing one's private keys or passphrase, and never remember the password, or when the phone is misplaced and the passphrase is never able to be retrieved, not even wallet ID, this can be very crazy and hope dashing for any user of such category.

Probably cashing out and using it to buy something, which should be a whole point. We dont try to get as much BTC as possible to keep it in our wallets forever.
Still, transferring BTC into FIAT or simply using it via some crypto debit card can be quite complicated, especially for people who re not so technical.

This is one thing which need to be simplified big time in order to achieve higher acceptance.

The most complicated thing when your enter in crypto world is to understand about security and how to keep your wallet really safe
It's commom to leave the coins in exchanges thinking they are safe, or to enter on a phishing website, or even to send BTC to another adress with some malwares

For me the way we get it for free without investing. So that they invent this Forum.

Having it for free will never happen even in the future because you have to work for it just like in participating bounty campaigns wherein you can get bitcoin if you dedicate your time and effort into bitcointalk forum. But if you have focus and enough knowledge how to gain bitcoin in such different ways, then at the end of the day you will surely gain bitcoin.

I found it strange how to get a hardware wallet because I didn't believe there was internet money.
The first internet money I heard existed was cryptocurrency, and it wasn't these transactions that cost me so much.
Even after purchasing the hardware wallet, it was very complicated for me to find my address, I know it was easy, but I had no one to explain to me, so I managed my own.

I think it's price versus fundamentals. It's hard to convince common folks that Bitcoin fundamentally is doing quite well while the price goes the other way. For a lot of people the price is a reflection of how Bitcoin is doing. Simply put; price up Bitcoin good, price down Bitcoin bad. In a way that's understandable from their position, because why does something go down when it's doing well?

If they knew how markets in general work, it would have been easier to explain them why there is so much speculation, what the effect of this speculation is, etc. You have to calmly articulate everything word by word so that they can understand it. It can be annoying, but when someone is open to accept a different view, they can pass that view to someone else eventually.

Another thing is that in some cases you have to explain why people need a hardware wallet while they can just as easily store their coins on an exchange for free. I'm glad that pointing them at the numerous hacks quickly convinces them to buy a hardware wallet, so that's definitely a plus.

You can't get free bitcoin unless they're from faucets which are really a low amount (few satoshis). It requires you more time to get a good amount of bitcoin to be honest. You need some skills and knowledge about different things to get bitcoin or if you have miners, you can just mine them. I don't think that you can get free bitcoin anyways, I don't talk about faucets because it's a waste of time.

That's certainly true, mate. It's sometimes confusing to set the miner's fee at our heart's content. A slight mistake could prevent your transaction from getting confirmed on the Bitcoin blockchain. When I first started using Bitcoin, I began playing with the fee values a bit until I noticed that my transaction was stuck for hours. Later, I noticed that I've set a lower fee than usual for my transaction to go through. After a good lesson, I've decided to leave fee values by default and let the wallet do the rest. In some cases, I needed my transaction to be confirmed in the least time possible. This has led me to set a higher fee than usual to achieve with said purpose.

Anyways, there are now plenty of Bitcoin wallets which allows the user to select the speed of their transaction. For example, Electrum has a slider where the user can simply move (instead of setting a value manually) in order to pay a higher or lower fees depending on the speed of the transaction. As time goes by, I believe that wallets will continue to improve their user interfaces to make lives easier to the average person. While miner fees are one of the most complicated things about Bitcoin, they're not as hard to learn as multi-sig addresses in my own opinion



Exactly. It all depends on the type of person's knowledge in tech-related areas. Computer scientists would often find it easier to get ahold of Bitcoin Core's commands than an average person. This allows tech-savvy people to use some features out of the ordinary ones available on the wallet's user interface. If somehow ordinary people knew how to use in-wallet commands properly, then they'd able to make great use of Bitcoin within the mainstream world. With an extensive knowledge of Bitcoin's functionalities, you'll be able to send Batch Transactions, sign transactions offline, and even create multi-sig addresses with ease. You can also achieve a greater level of privacy within Bitcoin by not re-using addresses on the Blockchain. For each new transaction, you'd simply create a new address for it.

Of course, smart contract development is a whole other level. Its complexity may be one of the reasons why Satoshi didn't design Bitcoin as a smart contract platform in the first place. Thanks to Bitcoin's relative simplicity (relative to Ethereum), most people are actively using and supporting it within the mainstream world. But it's hoped that it would become much easier to use Bitcoin in the future, as developers improve wallet's user interfaces for a better user experience.



Agree. One of the biggest issues right now is properly securing Bitcoin against hacks or theft. Hardware wallets are the ideal solution to prevent these undesired situations, but they're not easy enough for the average person to understand. Paper wallets are much easier than hardware wallets, but still involve some knowledge for the proper protection of Bitcoin balances. I guess that with good education, people will be able to understand how to use Bitcoin properly. As the pioneer cryptocurrency grows in popularity, its supporters will do their best to educate people in the mainstream world about it.

I'm sure that in a couple of years from now, people will get accustomed to using Bitcoin in their daily lives without any hassle.

Right now for the average novice, the hardest thing is how to obtain Bitcoins. It’s still now that easy to buy Bitcoin even after 10 years.

For me, one of the complicated thing on Bitcoin is how to encourage and let people around you understand what is bitcoin. Especially when they don't know much about technology. I've been promoting Bitcoin to my friends but some of them are just not as interested as me so it's hard to teach them about Bitcoin. Others might say that why do I have to encourage them when they are not interested. I just think that how can we achieve mass adoption if we don't encourage people to try learning Bitcoin.

Other than this, there's still quite a lot of complicated things about technicalities of Bitcoin.

All of that is just wasting of time. Better doing some freelance jobs in here and take a tasks that has paid more well rather then faucets something thay worth your time to do.

Currently you have faucets left, games that pay Satoshis, captcha solving schemes, and so on. It's however not free because they require your time or some little effort. Currently it's all about earning, not getting it for free.

The times where early birds generously rewarded newbies for entering the space are over and they will never come back. Bitcoin is too precious to give away for free, which is why people focus on earning and not on getting it for free.

As a beginner, I have lots of queries and inquiries about its overview, function, advantages, and disadvantages. Familiarizing myself is a bit difficult at first because I have to grasp its wide range of dominion. While I was browsing its interface for information, I have read several posts about how it works. And the momentum went on as I want to know more about it.
How to make the most out of Bitcoin? How am I supposed to do transactions in the future? Are my earnings safe from hacking? These are several questions that comes into my mind. Though Bitcoin is a large environment, I think newbies like me would learn a lot given the unlimited amount of time as long as the eagerness to learn is there and that, other people would be of great help in sharing their knowledge and experience.

Likewise.

Actually, I haven't even tried it yet.
Started sending bitcoin using the internet. I was a newbie back then and don't even remember what year was that.
Up until now the same thing is what I does. Go to my wallet and send it to another wallet using the internet. Check it to blockchain for confirmation then Voila, its all done.

Offline? That is just a storage for me. I never tried that way which you are saying like codes and everything. I never did know that even with the long span of time here. 

For many new people who are starting new on the whole cryptocurrency they get really overwhelmed with the amount of things that they hear from other users who are experienced with it, if you try and search for how to start off, you will find a lot of articles and blogs that are saying that you should make an offline wallet and hardware wallet and all of the complicated stuff, sure they offer you more privacy and other options but you don't need them to start off and you can just make a wallet on blockchain or any other online wallet and get going.

I haven't experienced a platform where the KYC verification is quite pretty often. Most of the time, KYC verification is easy if you have the proper document and papers to provide, for them to easily process your verification. It becomes hard if the photo/image that you are sending contains false information and most of the time, their system is rejecting it because it has a very low image quality. So, in sending KYC, try to be at their shoes and see what document you are about to process.

Value of bitcoin not being stable is one of the main reasons why it's the biggest coin of all times.
Being alive produces more 24h volume trading which then makes it worth investing / trading for price changes and profit.

About the password or pin being forgotten - you should always use some service with login, password 2fa as for example: Coinbase, rather to log with your address at Blockchain.
You could also use Trezor or withdraw immediatly to your bank. And that's how you keep yourself from any hacker or professional hacker.

Complicated things from bitcoin for me I think, 1st, the value of bitcoin is not stable. 2nd, when you forgot your password or pin of your wallet, you will lose all your coins. Most people now are forgettable. LOL. 3rd one for me is, it can be hacked anytime of a professional hacker for sure especially when you have huge value on your online wallet. I didn't still try offline wallet so I can't complain right now about it.

To get it for free!

You are right. Although complicated, this is not a difficult thing to learn. For some people, technology has become like this, and it can all be learned slowly and experience will teach many things. Besides that, for people who like to read, they will not have any difficulties with this, maybe once or twice they have difficulties or failures, but after that, it will be an experience that will make it easier.

When was the last time bitcoin or Satoshi Nakamoto asked you for KYC?
Do you understand the difference between bitcoin and an exchange or whatever service asked you for your information?

in my opinion the most complicated, is when requested by KYC verification, sometimes we have to repeatedly, even though we've done it right ..

For a new person being introduced to bitcoin with little to no technical knowledge...storing bitcoins is the biggest headache in my opinion.

Of course, they will choose the easy way, storing it in a web wallet, but then the people will start telling them it's not safe. Nor it is safe to store it on your phone, nor it is to store it on your computer if you run windows and you visit shady websites because of keyloggers and clipboard hijackers. And then if you deiced on a paper wallet be careful with that cause you need to keep it protected also, and be careful where you plant your 12-word seed, lol.
Adding on top of that the fact that once your coins are gone, they are, well, gone forever a newbie to this will probably turn around and run from all. To some all those steps you have to take to protect your coins sound like madness and look at you like someone who spends all his time thinking on a doomsday survival plan.

I had been forced a few times to answer a few friends on how to keep their coins safe and I could feel it with each "don't do that" their enthusiasm was going down.

As for the rest, transaction batching, signing messages etc, the usual users won't be needing those.  I can't remember the time I last used a batching transaction and my last signed message to somebody was a few months ago. Neah, the whole odyssey to find the perfect wallet or cold storage is the biggest turn off for some.

This was my case when using electrum for the first time, I ended up paying small fees for the transactions and got the BTC I sent for almost 2 days. the longest BTC transaction I've ever had. Thankfully it sent after that, some people got their transactions confirmed after almost a week. unlike in the exchanges, the transaction fee is already adjusted to the fast as possible but if you are using some soft wallet you need yo familiarize yourself with it before you use it.

I guess the most complicated things about bitcoin is how to secure your wallet.

We have seen countless complains about individual wallet being hacked, so I think most of them don't know how to protect it. Easy to make a bitcoin wallet, but keeping it safe is a different story.

The best way to answer this question is by making comparisons. In case I will make comparisons with banks and paypal.

When I am going to transfer money from my bank account to another bank account I don't mind knowing the fee, I just arrive at the ATM and enter the recipient's account number and transfer the money and in an instant the money is in the recipient's account ... (There is no waiting time to confirm the transaction and no constant fee increase fluctuation)

When I am going to transfer money from my paypal account to someone else's account that has paypal I have to go through the headache of checking the fee and making calculations so that the other person gets their money in exact amount.

In the case of bitcoin I had to learn about miners, transaction confirmation, and a lot of technical stuff ... And that means that people who deal with bitcoin will always be forced to learn the technical side.

I think Smart contracts and scripts might be on the difficult side for most average users. That said, I think not a lot of average users would be

using those features and when they want to use that, they would go for some third party service that would make it a lot easier. Obviously writing

code on the protocol level, should be left to the developers and not for the average user. Most people could care less to tinker with the code,

they just want to use it. 

People whoa re already exposed to many technologies especially related to the internet may not find any insurmountable difficulties in dealing with Bitcoin and can even be so simple with them but this is not the case with people who are still had to be baptized with these innovations happening right now. There is no question that a learning curve is there, especially for people who have not yet started using many apps on their smartphones. But things are not getting better since there are now many wallets that are easier to use and can be set up in just minutes.

I also encounter volatility of market when I trade, so my first option is to hold and wait for the right time to trade. Every one knows that because it is a fundamental of trading.

To do that, you need patience and discipline.


Of course there are scams, issues and etc. But the key to prevent and avoid those things is through researching and seeking information about what bitcoin is.

How to avoid scams?, How to fix issues?, How to recover losses?. You must read safety and rules before entering world of cryptocurrency. Transactions will help you to apply those knowledge and gain experience out of it.

being complicated, all comes down to the tools that the user is using and how much features it has and how easy it is to use those features. some tools are more user friendly than others so obviously it is easier to use bitcoin when you are using them. for example a simple subject such as setting fees could be as easy as moving a slider left and right (like in Electrum) or it could be a nightmare of using different websites and manually looking at memory pool and deciding what fee to set if the wallet doesn't do a good job.
same thing about a lot of other subjects: cold storage (offline signing), signing a message, creating backup, import/export keys, creating different scripts (multi sig, locktimes, other contracts),...

so to answer your question i think the most complicated thing about bitcoin is for developers and is about creating these tool to have many features while keeping them simple for all users so that they can easily understand and correctly use them.

Indeed, it makes you wonder a lot of things particularly if it's worth the risk or not because most of people these days still thinks that bitcoin is a scam and I can't blame them for thinking that way because there are people who takes advantage of bitcoin and use it in illegal activities. They have ruined the reputation of bitcoin and that is why some of them are hesitating whether to take the risk or not. It's difficult for a newbie knowing that you have to learn a lot of things to cope up with problems and to earn some profit, sometimes you will wonder why do you keep on pushing yourself into something you lack of knowledge about. It's complicated but it is absolutely worth it because of the opportunities and benefits that you can get from bitcoin, you just need to be patient and you should always open your mind for knowledge because it can help you in the future particularly in making decisions.  

For me, the most complicated part of Bitcoin is the fee and payment time, I think it means a lot for the user perspective when you pay Bitcoin for any purpose then you have to pay it within a short time, but Bitcoin takes both times and huge fee on this regards, not only that but also the legal status is looking so complicated to me because most of the country' still don't allow it as a legal payment method so this one is the most concerning issue for me on Bitcoin, but I don't have any idea about the offline transaction because I didn't hear anything like this part of Bitcoin.

Same thought. When I started here, everything is new to me. like I don't really understand a thing. Even Bitcoin and blockchain itself is hard to understand as a beginner. How does it works? You really have to study and learn the basics then you'll eventually learn more and more as long you continue engaging and learning Bitcoin. You really need to gather a lot of opinions and information before understanding what really Bitcoin is, and what is the role of blockchain.

Even now when I introduce it to some of my friends, they find it very hard. That they always need to ask what is this, what is that... And it takes time to finally understand bitcoin

The most complicated thing about bitcoin is understanding its concept, how does it work, what are his pros and cons.

For starters you need to know how you can use bitcoin to take profit or make it worth for your transactions from fiat to virtual currency.
You need to make alot of research before going more deep into this new world.

Are there scams? Are there issues? Can my money be lost? How much time to make a transaction?
Every question has to be answered as each one of them is complicated to be answered without knowing the base of bitcoin functionality.

From my experience I haven't suffered much, as everything seems user friendly from a common users view point. Same time when I go in depth it is really complicated. Writing bitcoin scripts were a complicated thing, apart from this I find setting up mining little complicated. I invested on mining, but whenever some error happens I used to struggle a lot to get things resolved.

The most complicated thing in Bitcoin is writing Bitcoin scripts from scratch - Bitcoin's Script is it's own language, and if you don't know what you are doing, there's a possibility to accidentally destroy coins or get them stolen from you. The other thing is editing or creating raw transactions - one character mistake, and you send an order of magnitude more/less coins or fees, or lock your funds for decades if you try to use time locks. But many noobs probably never even heard about those things, and it's unlikely that they will ever try them. Most mistakes are caused by simple things like fake wallets or malware.

Im not sure its feature, but for sure security as a whole. You stated that its easy through interface to send/receive.
I agree to that, but how to keep BTC secure? Its biggest issue for now. Hardware wallets are some answer to newbie crypto users but its  not ultimate solution. I bet hardware wallets are used by less than 1% of crypto users.

The complexity of the platform is determined by "who" is using it. Give the documentation to any Computer Science Engineer and he'll nail the command line. Give it to someone from a commerce background, they'd take ages to install the Core. Personally, I find developing smart contracts and deploying to a live chain quite complex but that again is not bitcoin but blockchain in general.

I will just say that it is complicated when you lose your secret pin or password. This sometimes happen to me and if you are unlucky to have good number of coin there, is complicated. I understand this is same for altcoins too.

The most complicated feature is miners fee. I always recommend my friends and family member not to fiddles with the amount selected by the wallet while sending Bitcoin.

If you change or reduce the fee then the chances are that your transaction will not be confirmed by the miners, resulting in Bitcoin getting stuck within the blockchain.

The worst part is that no one knows how long it will remain stuck before falling off. Therefore always pay what your wallet says when sending Bitcoin and never reduce the fee.

Well I am not a technical guy so I can relate to this, I don't even know that its possible to transact bitcoin offline and I have never seen any of my friends did that. I am currently using the electrum wallet now but because I have no idea with that since I relied on exchanges where I don't really hold the key.
now, I can enjoy using electrum and I think its allowed to do transaction by batches but I haven't tried it yet.

With the advance technologies nowadays, I thin with proper research we can always do it right, there's good and youtube and this forum which can provide relevant information about what we want to know.

When someone starts using Bitcoin, the first thing he/she comes up with is a nice user interface (depending on the wallet used) that allows him/her to send/receive Bitcoin easily. With a little technical knowledge, the user won't need to worry about other Bitcoin features as long as he/she is able to send/receive coins in a P2P manner.

Still, there are other things that would be of benefit to the user if he/she knew about them. Batching transactions allows one to save off fees, while sending Bitcoin to a new address every time increases privacy. Most wallets don't have a straight-forward interface for the user to do this easily (as far as I know), which involves some technical knowledge to get the most out of Bitcoin.

Among the many features provided by the Bitcoin blockchain, I'm starting to wonder which one is the most complicated? In my case, I believe that it's complicated to perform offline transactions using Bitcoin core as you'd need to know certain commands (like sendrawtransaction) in order to perform said task. There are other commands that are used for creating a multi-sig address and performing batch transactions that are not easy to learn for the average user.

What's your opinion?