Why is Bitcoin difficult to understand? - page 12.

THATBTC

newbie

Activity: 98

Merit: 0

Quote from: bitfocus on June 20, 2018, 11:45:13 PM

There are lots of short length videos on youtube to understand Bitcoin in very easy ways. People should use google a little. Also, sites like this one provides very informative how-to and guides https://www.bitcoinmarketinsider.com/what-is-bitcoin/

useful! the btc it's like a kind of asset that you can use easily and well, right now with a value a little volatile, but this will change when the crypto market be stabilized

maybe the people can be a litle confused with the paper that blockchain represents on btc

even like this basic terms

https://btcmanager.com/guide/glossary-of-terms/

Dread Pirate Roberts

sr. member

Activity: 1512

Merit: 326

The concept is actually not bitcoin. but Blockchain. bitcoin is just the name of the coin who became the pioneer of this digital payment revolution. and why it's not easy to understand. because the blockchain is a transparent system and its division based on mining, and computer systems so that ordinary people would firstly be difficult to understand how it works without directly entering the world of this crypto. but I think phenomenal will guide people to know and learn about blockchain system someday .

rameshrajan1000

newbie

Activity: 43

Merit: 0

It's 2018. There are many ways to know about bitcoin. I think it's easy to find bitcoin in this period of Internet usage. But this blog is starting in 2009. It is amazing to think about how and when they learned about Bitcoin. Think of it now is easy for us.

ubay

full member

Activity: 728

Merit: 101

Quote from: rommelzkie on June 21, 2018, 12:02:31 AM

Its not that difficult. bitcoin is plain and simple.

Bitcoin is the name of the token created under his block - chain

Block - chain is the name of the technology used to store transaction data of all bitcoin tokens.

In short, block-chain is an online ledger of transactions accessible for all people. It is irreversible.

I like your way to explain bitcoin to the new user, and also bitcoin have the best security until now. Bitcoin has limited supply that makes it so special, not like money that can be printed as many as you want.

speedy1987

sr. member

Activity: 462

Merit: 250

Nope bitcoin is not difficult as much you think. Its quite easy to learn. There are so many references that help you to understand about bitcoin. Also many youtube video about bitcoin. Better learn about that. At the initial stage you might be think that is difficult. After few day you will realize btc is easy.

JeffreyKen

newbie

Activity: 42

Merit: 0

may be it is little difficult for the new comers but slowly we will find it very easy.

DannyMarco

newbie

Activity: 99

Merit: 0

bitcoin is never too difficult, understanding it never be a big deal.

HerbertMarcel

member

Activity: 221

Merit: 10

no it is not difficult we just need to spend a little more time here and it would be enough.

insurgent

member

Activity: 168

Merit: 12

Look ARROUND!

Quote from: Sulwan2612 on June 21, 2018, 12:05:40 AM

There are so many references that will help you to understand what bitcoin is, try to find it in google , youtube , blogs, or many other website that explain about bitcoin, the first time i knew about bitcoin, i also got a difficulty to understand, i tried to learn it step by step until now, keep learning buddy

You can easily pick up anything about bitcoin using new technologies , there are videos that shares about the information on using and investing on bitcoin . Sometimes its hard to understand but if you're really determined to learn you will got it easily

code

sr. member

Activity: 536

Merit: 251

all technologies are similar, in open sources a lot of information about what it is. Do not study because it is not necessary, or laziness.

Apple Mac

full member

Activity: 264

Merit: 100

Quote from: rommelzkie on June 21, 2018, 12:02:31 AM

Its not that difficult. bitcoin is plain and simple.

Bitcoin is the name of the token created under his block - chain

Block - chain is the name of the technology used to store transaction data of all bitcoin tokens.

In short, block-chain is an online ledger of transactions accessible for all people. It is irreversible.

I think that is because you are very well knowledgeable prior to this forum, and I think that is the advantage of you are wide awake about technology before this forum was existed, since the technicalities regarding a certain corner here is easier for you to handles since you have prior experiences and I guess that was the thing that most of the people doesnt achieved yet, which turn their backs for them to love thia forum.

MrAntonius

full member

Activity: 392

Merit: 126

Quote from: Ozkhan on June 20, 2018, 11:28:33 PM

If you look at it as Currency, it is difficult for an average person to understand it because it is different.
Bitcoin, being a different kind of a digital currency, it breaks down conventional thinking in many aspects. No central regulatory body. The concept of mining. The open-ledger (blockchain), the way miners are rewarded, how transporting value is determined by its packet size and not value, the hash rate, the concept of limited supply. The 100 Million pennies in a Bitcoin, etc.
Its difficult enough for people in the money space to thoroughly understand Bitcoin (we all say we understand it, but do we really?).
For a common person, its an overkill. Its like trying to explain the concept of TCP/IP, Networking, Routing, the Internet for someone who wants to use email. Overkill.

I such a the answer already met on this forum. And I advised people to watch this video. It is in Russian, but you can understand in English what the actors say. Enjoy your viewing.
https://www.facebook.com/ezopage/videos/609793769382972/

Shiversnow

full member

Activity: 688

Merit: 106

Quote from: happistarjp on June 21, 2018, 01:26:07 AM

You have to educate yourself if you really want to learn what is Bitcoin and how it works. There are a lot of instructional videos on YouTube, news articles from the web, there are also infographics on Pinterest that are very helpful. You got all the resources that y'all need. So it's really not that difficult after all Wink

.

Yes, before I learn about in bitcoin I studying a lot I always watch videos on you tube, ask my friend have knowledge in bitcoin and reading an article all about in the new technology of cryptocurrency and also read an opinion in bitcoin forum, yes there is lot of resources and instructional to learn and to gain your knowledge about in cryptocurrency. At first it's hard but later on i understand all about in bitcoin.

udanemas

newbie

Activity: 89

Merit: 0

Quote from: Ozkhan on June 20, 2018, 11:28:33 PM

If you look at it as Currency, it is difficult for an average person to understand it because it is different.
Bitcoin, being a different kind of a digital currency, it breaks down conventional thinking in many aspects. No central regulatory body. The concept of mining. The open-ledger (blockchain), the way miners are rewarded, how transporting value is determined by its packet size and not value, the hash rate, the concept of limited supply. The 100 Million pennies in a Bitcoin, etc.
Its difficult enough for people in the money space to thoroughly understand Bitcoin (we all say we understand it, but do we really?).
For a common person, its an overkill. Its like trying to explain the concept of TCP/IP, Networking, Routing, the Internet for someone who wants to use email. Overkill.

There are many references that will help you understand what bitcoin is, the first time I knew about bitcoin, I also had trouble understanding, I tried to study it step by step until now, keep learning. I have learned about bitcoin in here.

callmeback

jr. member

Activity: 182

Merit: 2

Actually its not difficult to understand its just too complicated to learn. All they need to know is the basic, that is how to store their coins, how to keep it secured and how the transactions are made using a wallet. Those are just quite simple things which isn't hard to understand. There is no impossible if you are really decided that you want to learn, you want to earn and also just because you want. Bitcoin is not difficult to understand but the difficulty come from the usual things that we used to know and practice so it has become as a new thing new payment so it takes time to adapt and just by some tutorials and reading a little you can solve it and start to practice.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: Ozkhan on June 20, 2018, 11:28:33 PM

If you look at it as Currency, it is difficult for an average person to understand it because it is different.
Bitcoin, being a different kind of a digital currency, it breaks down conventional thinking in many aspects. No central regulatory body. The concept of mining. The open-ledger (blockchain), the way miners are rewarded, how transporting value is determined by its packet size and not value, the hash rate, the concept of limited supply. The 100 Million pennies in a Bitcoin, etc.
Its difficult enough for people in the money space to thoroughly understand Bitcoin (we all say we understand it, but do we really?).
For a common person, its an overkill. Its like trying to explain the concept of TCP/IP, Networking, Routing, the Internet for someone who wants to use email. Overkill.

Most of the things you mentioned is actually an in dept understanding of the technology which most of the people who want to use bitcoin as a form of currency or investment does not need to know (though gaining knowledge about the technology won't hurt them). All they need to know is the basic, that is how to store their coins, how to keep it secured and how the transactions are made using a wallet. Those are just quite simple things which isn't hard to understand.

Mcdacillo

member

Activity: 148

Merit: 10

Quote from: Ozkhan on June 20, 2018, 11:28:33 PM

If you look at it as Currency, it is difficult for an average person to understand it because it is different.
Bitcoin, being a different kind of a digital currency, it breaks down conventional thinking in many aspects. No central regulatory body. The concept of mining. The open-ledger (blockchain), the way miners are rewarded, how transporting value is determined by its packet size and not value, the hash rate, the concept of limited supply. The 100 Million pennies in a Bitcoin, etc.
Its difficult enough for people in the money space to thoroughly understand Bitcoin (we all say we understand it, but do we really?).
For a common person, its an overkill. Its like trying to explain the concept of TCP/IP, Networking, Routing, the Internet for someone who wants to use email. Overkill.

In my own opinion, it is not that actually hard for bitcoin to learn or to understand just make sure that you really want to learn and you are persevere and have the eager to learn and understand how bitcoin really works, what exactly bitcoin is, who make these bitcoin, how bitcoin will affect yourself and also the government. There is no impossible if you are really decided that you want to learn, you want to earn and also just because you want.

grabpopcorn536

member

Activity: 476

Merit: 12

I participated in Bitcoin and tried my luck. But I'm still confused about how people make Bitcoin. I'm not good at stock trading. But I still want to try Bitcoin. One thing always attracts me.

Pancheng

jr. member

Activity: 182

Merit: 1

Don't focus to much on what is Bitcoin and don't just read and read and read, if you want to understand it deeply you have to try it your self, like buy some Bitcoin, use it, trade it transfer it and receive it from others, some people understand things when they engage with it, then little by little you can have some answer...

TheGreatUnknown

newbie

Activity: 149

Merit: 0

I think bitcoin becomes hard to understand because of the overwhelming feeling of you had a lot to know first to begin to understand this bitcoin/cryptocurrency industry, especially for beginners. Although bitcoin seems so complex at first because of how it is created and made and most of all bitcoin hasn't had many public open information about it.

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