Bitcoin itself is not really hard to understand but if you do want the elaborated way you can study the deeper parts of it. if you already understand both things most basic then you will easily understand bitcoin
Topic: Why is Bitcoin difficult to understand? - page 14. (Read 2150 times)
I don't this there is anything difficult to understand in Bitcoin. Anyone that has done very detailed research about it won't have any problems. The cryptocurrency is based on the revolutionary blockchain technology. The supply, mining, transaction fee, supply , use case are all that make up the cryptocurrency. Its as simple as this.
Actually, bitcoin is easy to understand if you are sure to learn more bitcoin and you can read a rowdy article to recognize bitcoin further if you have a friend who has already recognized bitcoin maybe you can ask with those who have more knowledge about bitcoin
perhaps even we cryptocurrency users do not fully understand the essence of this technology. but for the average user, if the cryptocurrency will be as a final product-it will not matter how it works and more, this is important in any product
You really find it hard to understand bitcoin if you have no background information about it. But if you will do your own research and educate yourself to know the meaning and how it works,it will be a window for you to understand well bitcoin. You could also watch a youtube videos explaining about bitcoin since there's a lot of it on youtube. Everything can be learned if you want to be educated into something.
At first it is very difficult to understand bitcoin, all you understand is just the meaning of it. But with enough effort and time you will understand it.
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.
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.
A person can learn about bitcoin once someone introduce it to him or her. But for able to understand the whole system of bitcoin or the digital currency or the cryptocurrency world, it takes not only a friend or someone, but you yourself to understand it through many means of gaining knowledge. It includes reading articles, watching infographic videos in youtube and others. Knowledge about bitcoin is not just about like spoon feeding that they will teach it to you but it takes initiative from yourself to learn those things such as bitcoin which is a complicated one.
If you look at it as Currency, it is difficult for an average person to understand it because it is different.Its difficult enough for people in the money space to thoroughly understand Bitcoin.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.
Don't make it more difficult, you need to understand what bitcoin is, i think you know that bitcoin is the first and biggest cryptocurrency. Don't make yourself to be confused, there so many references that you can find on internet to make you comprehend about bitcoin.
Bitcoin is not much difficult to understand everything is available in the internet lot of forums are there there also will get lot of information about bitcoin, so I think it's not much difficult to understand.
Yes many people understand the Cryptocurrancy as an increase in flights to success, mischievous people often choose facts before waiting for that purpose, because for this some people have heard the news about the rising popularity of Bitcoin and. In fact it does not require regular or proper education, you just have to learn it for some time so you may know about the basics of Bitcoin and understand how to use it. the only thing that matters is that you should have basic knowledge about Android mobile computers and about the internet.
What so difficult to understand bitcoins ?. My nephew is just 10 year old and he do trade, Buy, and sell bitcoin what i mean even a 10 year old kid can handle his wallets and understand it.Anyways if you're newbie then you can use google or you can get help from daily motion,Vimeo, and YouTube there's large about of videos are there which can helps you to understand bitcoins Good luck
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.
That's true at first Bitcoin is difficult to understand but if you willing to learn you just fucos study.and also Bitcoin is difficult for some people to understand because it is a complete disruption of the financial system as we know it. 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 really believe that Bitcoin is hard to understand if we are not interested especially when we are older it is difficult to explain but if we are interested it is very easy to understand and we know how to work it and we know how to get more profit.
For people who are really not familiar even on how the internet works and has far too little information how the network goes then I think Bitcoin will be difficult for them, and if you are focused on getting money instead of learning how BTC works then that may be the reason why Bitcoin will be difficult to you, you have the whole web to learn Bitcoin and cryptocurrency, different terms and how things process here, its quite simple if you'll use this forum as a kickstart on learning crypto.
I agree, also bitcoin is difficult ro understand because of unpredictable value of bitcoin. No one can really predict what will happen next to bitcoin. Other reasons is that they don't have any internet connection and idea how to join and invest in bitcoin. This is a matter of choice and decisions.
But it has not really replaced the current currency! Because the world has not really embraced it!
Bitcoin is unquestionably not for everybody. Bitcoin is somewhat difficult to disclose to individuals who are not slanted to innovation, particularly old individuals. Not to sum up, but rather individuals who are not into innovation may likewise not be occupied with considering bitcoin. It's difficult to disclose anything to somebody who isn't generally intrigued. A few people likewise have pessimistic perspectives with respect to bitcoin which makes them incredulous about it. Bitcoin isn't difficult to comprehend, I think it relies upon the enthusiasm of the individual to comprehend it.
You compare it to TCP/IP which is not right. It is more of fiance combined with tech and one can easily learn about it with just some efforts.
I think It's hard enough for people in the money room to really understand Bitcoin (we all say we understand it,
If you see it as Currency, it's hard for the average person to understand it because it's different.
Bitcoin, which is a different kind of digital currency, undermines conventional thinking in many aspects. There is no central regulatory body. The concept of mining. Open-ledger (blockchain), how miners are valued, how the transport value is determined by packet size rather than value, hash level, limited supply concept. 100 Million cents in Bitcoin, etc.
Unlike most common currencies, bitcoin does not depend on trusting major publishers. Bitcoin uses a database that is distributed and spreads to the nodes of a P2P network to a transaction journal, and uses cryptography to provide basic security functions, such as ensuring that bitcoins can only be spent by people owning them, and never be done more from one time.
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
Yes, at first it's so hard to understand but if you are willing to learn and you have dedication you need lot's of study there are so many reference you can use to study about in bitcoin you watch in the you tube channel and other website and also you get some information in the forum, there you can read lot's of articles that can improve your knowledge about the new technology of cryptocurrency. Bitcoin is difficult at first because of its changing nature or the price itself, here in crypto everything is fast moving, learn everything, every knowledge you can get in able to understand what crypto really means, in that way, you can make techniques, decisions and other profitable executions for yourself, a thing will be hard if you dont try to study it.
in my opinion, bitcoin is simple and practical. If you do not understand or understand what bitcoin is, you should find information about bitcoin in google or via wikipedia. If you'd rather watch a video, try to find her information through youtube.
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