Topic: Why is Bitcoin difficult to understand? - page 9. (Read 2150 times)
its not difficult to understand if you really wish to know it... Take your time to watch some videos and Google Search for information about it...
I often hear my friends talking about bitcoin, it is quite difficult to understand because bitcoin is the new currency of digital currency, which way to get it also requires learning process, I learn from youtube, google, and from friends who already understand, and certainly not there is something we can not understand if we want to learn it.
For Bitcoin, for those who can understand Bitcoin then I am sure it can be utilized and generate various benefits. Enrichment is a goal for those who gather them to know Bitcoin. understand from the beginning and do not be lazy to ask.
I make it possible for those who have a strong curiosity so that they will be able to achieve their dreams.
I often hear my friends talking about bitcoin, it is quite difficult to understand because bitcoin is the new currency of digital currency, which way to get it also requires learning process, I learn from youtube, google, and from friends who already understand, and certainly not there is something we can not understand if we want to learn it.
I don't think that bitcoin is very difficult to understand for people who are new to it because there's a lot of detailed information out there for you to learn and study bitcoin. It will be very difficult to understand if that specific person don't want to give his/her full attention to what he/she studying.
Bitcoin is not difficult to understand, i am still new to this blockchain tech and already understood much it due to my own personal research, commitment is needed by you if you really want to grab it quickly..
There are a lot of aspects to bitcoin, so it can be a bit overwhelming. Many have to do a lot of reading to completely understand it. The hardest thing to understand is how it all works. But for most people, they only know Bitcoin is a form of investment who can make his/her money grow.
Bitcoin one of the major cryptocurrency which is operated world wide with the help of internet and computer. and is connected to the modern technology . The awareness of the technological development and computer literacy is essential to work in Bitcoin that means a minimum eduction is a mandatory to handle otherwise it will be difficult to understand ,Bitcoin characteristics are widely attracted by the global community and the popularity is increasing world wide .Without awareness and literacy it will be difficult to understand.
i don't bitcoin is difficult to understand but i think trading bitcoin that's were the difficulty comes in. bitcoin is jst the name behind the blockchain technology,while block-chain is an online ledger of transactions accessible for all people. i also think if you make research first about blockchain maybe from google or on this thread u'll b able to understan how best this things works. the chain is long cause we also have minners and also these
1. Monetary theory
2. Game Theory
3. Distributed computing
4. Cryptography.
but the more research u make it'll be easy to say it's not difficult
1. Monetary theory
2. Game Theory
3. Distributed computing
4. Cryptography.
but the more research u make it'll be easy to say it's not difficult
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.
I agree. It is really hard to understand the concept of Bitcoin. By joining this forum and by researching on the internet, I guess you can earn an adequate knowledge about Bitcoin. Bitcoin is a new discovery that is why many people are not familiar and difficult to understand it.
Becouse its new every new thing goes through this ,it was with internet ,electronic money and others and its happens becouse some countries dont like it and ban so people start to deny to.
Bitcoin is difficult for those who are trying to find something unusual in it. In fact, BTC is just as simple as the market for ordinary fiat money. there is no control center - I do not agree with this statement, how can you explain its behavior, controlled drop and controlled growth? everything has levers of control and somebody pulls at them.
I edited a previous post, so I am posting again:
Bitcoin is a very difficult subject to explain and generally speaking when telling people about bitcoin the bubble/ponzi scheme/fraud reply is the easiest answer of objection.
I thought about that and came out this happens for at least three reasons (or a combination of those):
1. You are not good at explaining
2. The subject (bitcoin) is a very difficult topic
3. The person you are addressing to has to be open to explain action about the difficult subject.
1. You are bad at explaining.
Bitcoin is a complicated subject so, as Latin used to say, you first have to have a good understanding of it in order to explain effectively, this is difficult (point 2).
It’s 2018, and you don’t need to be a very good explainer, but you can address your counterpart to a good plethora of resources: videos first of all from A.Antonoupolous, or the website from Jameson Lopp (https://lopp.net/bitcoin.html) or even a few twitter account.
Now I am getting better, and the more I try the more effectively I can answer the easiest, and more common, objection to Bitcoin.
2.Bitcoin is a difficult subject because it is something at the intersection of four very different topics:
1. Monetary theory
2. Game Theory
3. Distributed computing
4. Cryptography
I thin a dozen people can understand the 4 topics with the full required details, a hundred 3 out of four, a few thousands two, and manw thousands just one of the four.
Note that each field is necessary fo fully understand bitcoin, and the lack of each of them deeply change the matter.
Of course say I am a cryptographer: I will tend to interpret bitcoin in a very different manner than an Austrian Monethariss, being the opbject exactely the same.
So, Bitcoin is difficult because it IS difficult, actually one of the most difficult topics right now (that's why i think there is a so high concentration of brain power, money, and efforts pouring in this industry).
3. There are people that are in a set of mind that will never understand Bitcoin, or they won’t accept any explaination about it.
Take Nouriel Roubini, he’s a supposedly very intelligent person, but badly reacts to every bitcoin news. I don’t know what happened in the past, but he’s blindly and stupidly against it. Bitcoin is a difficult matter, so for the persons not really willing to understand and adopting an open mind approach to the subject: staying in the ponzi/fraud/bubble position is a very easy and convenient position, as it doesn’t require any intellectual effort.
My two cents,
Filippone
Bitcoin is a very difficult subject to explain and generally speaking when telling people about bitcoin the bubble/ponzi scheme/fraud reply is the easiest answer of objection.
I thought about that and came out this happens for at least three reasons (or a combination of those):
1. You are not good at explaining
2. The subject (bitcoin) is a very difficult topic
3. The person you are addressing to has to be open to explain action about the difficult subject.
1. You are bad at explaining.
Bitcoin is a complicated subject so, as Latin used to say, you first have to have a good understanding of it in order to explain effectively, this is difficult (point 2).
It’s 2018, and you don’t need to be a very good explainer, but you can address your counterpart to a good plethora of resources: videos first of all from A.Antonoupolous, or the website from Jameson Lopp (https://lopp.net/bitcoin.html) or even a few twitter account.
Now I am getting better, and the more I try the more effectively I can answer the easiest, and more common, objection to Bitcoin.
2.Bitcoin is a difficult subject because it is something at the intersection of four very different topics:
1. Monetary theory
2. Game Theory
3. Distributed computing
4. Cryptography
I thin a dozen people can understand the 4 topics with the full required details, a hundred 3 out of four, a few thousands two, and manw thousands just one of the four.
Note that each field is necessary fo fully understand bitcoin, and the lack of each of them deeply change the matter.
Of course say I am a cryptographer: I will tend to interpret bitcoin in a very different manner than an Austrian Monethariss, being the opbject exactely the same.
So, Bitcoin is difficult because it IS difficult, actually one of the most difficult topics right now (that's why i think there is a so high concentration of brain power, money, and efforts pouring in this industry).
3. There are people that are in a set of mind that will never understand Bitcoin, or they won’t accept any explaination about it.
Take Nouriel Roubini, he’s a supposedly very intelligent person, but badly reacts to every bitcoin news. I don’t know what happened in the past, but he’s blindly and stupidly against it. Bitcoin is a difficult matter, so for the persons not really willing to understand and adopting an open mind approach to the subject: staying in the ponzi/fraud/bubble position is a very easy and convenient position, as it doesn’t require any intellectual effort.
My two cents,
Filippone
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.
Very true. You forgot to mention that people can't understand bitcoin because they do not want to. They think that bitcoin is a scam and they close their minds for new opportunities containing knowledge. But, the truth is, the money game in this world is constantly changing and the ones who will be rich are the ones who can constantly adapt. 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.
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.
Very true. You forgot to mention that people can't understand bitcoin because they do not want to. They think that bitcoin is a scam and they close their minds for new opportunities containing knowledge. But, the truth is, the money game in this world is constantly changing and the ones who will be rich are the ones who can constantly adapt. 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.
Some people cannot understand bitcoin immediately because they already have and create their own understanding by those people who are spreading false information about it so they easily judge it.
bitcoin is difficult to understand. because, the way its work is not from the application. but from google.untuk learn nya.harus be patient and need time.
indeed not many people who know this technology, it makes bitcoin as a digital currency is very difficult to understand. some beginners must be confused with the workings of bitcoins that have this great technology, but this is part of the development of the times, certainly in the next few years will all recognize the existence of bitcoin.
maybe this is because bitcoin is a digital currency and a lot of people who only understand the currency that has a physical and not too meamhami digital currency like bitcoin is probably due to lack of technology they learn.
BTC is fictitious data, but the market value of BTC is very high, many people think BTC is a ponzi scheme, they are not willing to buy BTC directly.
Yes this is right i tried to explain it to my family and friends, they are just laughing, they say that why we need that bicoin if we have an online banking and paypal payments. An they also arguing why that bitcoin has so many digits. My friend say that "Bitcoin is use in online scam and criminality so stay away from bitcoin".
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