Why is Bitcoin difficult to understand? - page 2.

Gummybear67

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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.

Quote from: Tahir460pk on June 30, 2018, 06:53:12 AM

For a newbie or a new persons who recently knew about crypto market its very difficult that they understand bitcoin because their are many ups and downs and in ICO how to invest many points which deeply seen and than take step thats why for newbie its difficult to understand bitcoin.

I agree that Bitcoin is really is difficult to understand mostly when you discovering it alone. It has ups and downs that if you're a newbie you might leave bitcoin because of this, it also has complicated background since its an open business (I think). But its easier to understand bitcoin when a friend of yours introduce it and explain it to you personally.

Tahir460pk

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For a newbie or a new persons who recently knew about crypto market its very difficult that they understand bitcoin because their are many ups and downs and in ICO how to invest many points which deeply seen and than take step thats why for newbie its difficult to understand bitcoin.

AliMan

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Quote from: Bugcoin5 on June 30, 2018, 05:46:49 AM

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.

Bitcoin is difficult for some people to understand because it is a complete disruption of the financial system as we know it.But if you want to learn about it you need more time to study about crypto.

Being new to this system makes it normal for you not to understand how it goes. If you don't have any idea about bitcoin then it will surely confuse you. But to be honest bitcoin is not that hard to understand if you will just give time for yourself to learn it. At the end of the day it's still a matter of interest whether you want to understand bitcoin or not.

Reena28

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I think a lot of people around us has told us that Bitcoin is a FAD or a SCAM or a Ponzi scheme.

Some of our closest relatives have told us to SELL before the BUBBLE will burst. {guess we hear that enough?}

The media is telling everyone that Bitcoin is the tool of criminals and terrorists and child pornographers and paedophiles.

Most of these people are not invested in Bitcoin, but it looks like they are looking for reasons to attack it.

Markmolotok1488

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I think that it is difficult for many people to accept new things in principle, but they will have to. I think the fact is that people still do not need bitcoin, they did not collide with him and do not know its advantages.

blckhawk

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There are so many references for us to understand deeply what is bitcoin. Others who lacks of knowledge sees bitcoin so easy. They just think it is an easy way to get rich. They don't know how complicated bitcoin is. Trading, mining, joining a campaign and etc. It might seems easy but you must invest your money and time. It seems easy if you got all the knowledge you need to manipulate bitcoin but it can be more complicated when you just want to earn money and you lacks of knowledge. Bitcoin talk is a good start and sustain of getting the knowledge you want to get, you can learn something without asking for it, just take time to read and take some advice from the hustlers to avoid confusions.

PeRo

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Defend Bitcoin and its PoW: bitcoincleanup.com

Well, it is mostly hard for people that have low knowledge about technology overal, but if they know a bit in IT, there wouldn't be a problem explaining at least the basics, how to setup a wallet and use Bitcoin. Explaining how the whole system works, well that could be beyond confuding and hard to understand, the system isn't that simple. Overal, it seems hard to an average person mostly because it is new.

bangkecol

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it is true for people who really lay, to be understood quite difficult, let alone bitcoin, foreign exchange class is also sometimes difficult to understand by the laity. It takes time to be known by such people. I think the most important is the government's explanation of this bitcoin so that it can be understood and can be trusted.

HelenS

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cause it exists somewhere in the digital space, and you cannot see it physically

Bugcoin5

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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.

Bitcoin is difficult for some people to understand because it is a complete disruption of the financial system as we know it.But if you want to learn about it you need more time to study about crypto.

Azial

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It is really difficult to understand especially for those who don't really want to understand it, there are lots of ways to easily learn about bitcoin bacause of the easy acces on the internet.

lorapalmer

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This is in people's nature not to accept anything new or what they don't understand. They are always against changes and technological development. It is the same story like with a comfort zone - only a few get out from there and get rich. Overall bitcoin is quite easy to understand, you just need to do some research.

Wish 107.5

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Quote from: bentong talong on June 29, 2018, 05:51:26 PM

Bitcoin is just difficult to understand if you do not research it. But if you do a research, you will be able to understand it deeply and everything will be easy for you to handle or work on it.

Yes, it is really difficult to understand, I think bitcoin will be stuck at its low price until -ber months. Right now, I’m still hoping that bitcoin will rise again unexpectedly.

rob143

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bitcoin is not difficult to understand and you can easily start buying them with a tutorial of less than five minutes to be honest

bentong talong

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Bitcoin is just difficult to understand if you do not research it. But if you do a research, you will be able to understand it deeply and everything will be easy for you to handle or work on it.

darkphoenix2610

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Quote from: hitrawal91 on June 21, 2018, 12:57:17 AM

There is nothing complex in bitcoin, it is only we who think bitcoin is complex and actually we don't know how to tell people what bitcoin is and it is difficult to teach people what is bitcoin and how all the process goes on. There are many youtube and vimeo videos released by which one can easily understand the concept of bitcoin. You can also make use of Facebook groups, google and yahoo answers in order to know the bitcoin or in order to explain the bitcoin in a much better way.

Maybe the people used to think bitcoin is there to give them profits, not realizing that bitcoin is a way of giving the community an opportunity to invest and make their life worth living, Bitcoin is like a bank for me, Changing its value is also natural for me, some other say that this year bitcoin will end well it is not, Bitcoin is the most used crypto currency in the history of crypto.

vladimirhf

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Quote from: keeee on June 29, 2018, 04:28:14 PM

Quote from: ofelia25 on June 29, 2018, 03:23:31 PM

Bitcoin is not difficult to understand people are just taking it for granted, that they don't want this kind of industry what they want is an easy money for themselves and some were finding bitcoin as difficult due to the fact that price is unpredictable.

Most of the people who says bitcoin was difficult are those who are new here, maybe because they didnt knew and fully understand the volatility of bitcoin. Actually its not hard to understand if you will going to make research or read some information about it, you must need to take time for it if you want to fully understand it.

Most people will never fully understand it and they won't even read this forum. Some will try and run from the sectarists. Gmail is popular because people can't configure email clients. That's why designers are so needed in crypto, we have to understand people's needs instead of imposing what we think and calling them dumb or lazy.

cmaxwell

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bitcoin is not that difficult if only one can take time to understudy it and move closer to those that have indepth knowledge about it, you will discover that it is very easy. bitcoin is a token name which a very good reputation and value. you can always have access to the indicators available for you to learn more and know more.

khaled0111

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It is a new invention and it is normal to be difficult to understand it or even accept it.
Bitcoin propose a new way of payment which something new to most of us.
We weren't used to send money without going throw a third party service like banks, now it is possible to send money to any one with paying low fees.
This in it self hard to understand. We need more time to get used to it.

SemaVaflist

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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.but I think phenomenal will guide people to know and learn about blockchain system someday .

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