Bitcoin Forum

i had this thought trying to scroll here on the forum looking for discussions about bitcoin and i want to ask whether we think bitcoin has become too simplistic? i do not mean simplistic in a way that the very core of bitcoin has changed but rather how it’s perceived by people

since there’s more and more people getting into bitcoin, we should expect that bitcoin will be explained and understood in easier ways and its technically advanced or more complex parts would not be explored by most people anymore

all they would know is how to buy, sell and hold and that’s it

but in your opinion, if majority of the people knew bitcoin and its basics but not the more technical part of it would you consider this as a success? is simplicity
the point of adoption?

Yes I will consider it as a success as long as they know how to make use of it and transact with it.

I was reading through this :  Study Says Majority of Bitcoin Users Admit They Don’t Understand It  (https://www.techjuice.pk/study-says-majority-of-bitcoin-users-admit-they-dont-understand-it/?trk=public_post_comment-text)

When Bitcoin started before it gained popularity, people who were engaging in Bitcoin back then were majorly interested in how it works and the brain behind it, but right now the large number of Bitcoin adopters are more concerned about profit than any other thing. As long as they know the basis they no longer consider any other thing valuable they leave those interested and the core team to handle that.

I’d consider it a success. When I think about bitcoin adoption on a global scale I think about people using bitcoin as a currency, as an asset and an hedge against inflation. I don’t expect everyone to know the technical side of bitcoin, knowing the basis of how bitcoin works and how to protect their coins is enough in my opinion.

Those who buy and hold for a long time usually understand what Bitcoin really is. Otherwise, they wouldn’t have the trust or patience to hold it that long. Maybe you’re just overthinking. Bitcoin isn’t that complicated if you actually take the time to learn it. Just try a simple transaction, learn how to use a wallet, and check the blockchain. For a regular user, that’s already enough, no need to dig too deep IMO.

I think what’s happening is natural for every form of innovation that grows beyond its niche. At the early stage of Bitcoin people dig into the technicals, the philosophy and the details but as it spreads, it becomes more of a tool than a topic. Most people don’t understand how the internet protocol works yet they use the internet every day and that’s what adoption looks like.

So maybe Bitcoin getting simplistic is just a sign that it’s maturing and becoming part of normal life.

The number of people that has embraced bitcoin doesn't actually make it simpler to understand. What actually happened is that there are alot of ways to learn about bitcoin. Unlike those times that even google does not carry enough information about bitcoin, but not a simple search or chatgpt could do some wonderful work explaining bitcoin.

Secondly, those early days was mainly decentralisation according to Satoshi's proposal. But today, centralization has encroached so much and diluted how we learn and perceived bitcoin now.

Realistically speaking, we don't need to complicate things over bitcoin. Even the basic knowledge with buying, selling and hodling are good enough. And if everyone has understood it already, that's already considered a success for bitcoin, and for us the bitcoiners.

However, if you want to maximize your potentials on how to earn bitcoin, its normal for us to learn more so we can gain more. It's not bad to create deep analysis with bitcoin and obtain extensive knowledge because that will surely increase our earning potentials for bitcoin. Consistency is the key.

I’m sure in the early days of gold, people cared more about how it came about and its insect knowledge while some even when as far as discovering new ways to mine it but as time went further till this day people only care about it as store of value and how much profit it could return and the status physical Gold gives when you put it on.

As well as bitcoin will be, early days we cared more about its advanced tech, wanted to know more and mine it ourselves today, it’s getting to the future we always talked about, people will only care about its profit, the status it gives when it’s said you have some number of bitcoin, or you’re a bitcoiner, etc.

Just like the first scenario Gold is a success as we know so as bitcoin is becoming a success too.

I will consider it a success as long as they have a basic knowledge of bitcoin. There are  investors with large holdings that doesn't have technical knowledge about bitcoin but since they have a good enough of it in there holding, they can be said to be successful. As long as we do have an understanding of how bitcoin works and then we are able to appreciate it worth. The most important thing is having a good bitcoin holdings, been technically inclined without a reason amount of bitcoin in ones holding to me I think it is not really a success. It is amount of it we have in our holdings that will determine our success.

 It's not everyone that would take out time to learn the nitty gritty of Bitcoin past the fact that it can be used as a means to pay for goods and services. Yeah, it can be said that Bitcoin is becoming more simplistic but I believe this thought is for those who only want to use it for payment and not for something long-term like hodling because you can't venture into trading without knowing what Bitcoin is all about since that would only set you up for failure and an inability to make progress or growth.
 The main reason Bitcoin was created was do that individuals can do their business transactions without the interference of a third party but that's a tip of what makes Bitcoin unique but like I said, not everyone has that time to discover more.

People don't need to fully understand Bitcoin to use the blockchain with bitcoins they have. It's important to learn basics of Bitcoin blockchain including how to choose good wallets for storing bitcoins and have full controls of your coins.

If they don't store their coins on centralized exchanges, but store their coins in non custodial and open source wallets, it's good and they are good to go with other things like wallet backups, wallet passphrases, wallet passwords as well as how to use coin control features for choosing UTXOs for spending. That's enough to start and use Bitcoin blockchain safely, later if they want privacy and anonymity, they can learn more about these things.

It's unnecessary to learn about everything before your start.
General learnings: Bitcoin information & resources. (https://www.lopp.net/bitcoin-information.html)

Security and privacy learnings:
Wallet recommendations. (https://www.lopp.net/bitcoin-information/recommended-wallets.html)
Security advice. (https://www.lopp.net/bitcoin-information/security.html)
Privacy advice. (https://www.lopp.net/bitcoin-information/privacy.html)

I would consider it to be a success, and the simplicity of bitcoin is the point of adoption, because it's not necessarily we know the technical aspects of bitcoin before we can be called bitcoin enthusiasts, knowing only the basic of bitcoin and how to buy, hold and secure your bitcoin is enough if you ask me, and you should know this by now that no everybody are into technical things, most people are Zero in that aspect, so for that case everybody must not know the technical aspects of bitcoin before we can them bitcoin believers, they are believers since they are already buying bitcoin and holding it in their wallets for long term, and also transacting with it.

Yeah Bitcoin is too simplistic now.

But, everything are the same. People also don't know if banks actually didn't own as much money as we have deposit, people don't know how do credible is digital gold, they thought if the company hold our gold.

That's why, it's not surprising the simplistic make people didn't understand with decentralization, they hold their coins in CEX and say Bitcoin is decentralized which no one able to touch their coins.

Personally I think it's not a success, they have to learn at least reach intermediate level where they understand decentralization and know how to use Bitcoin in fully decentralized.

People no need to know about technical like what is the Segregated Witness data from the signature of TX and how it made the block size bigger in virtual byte. But they should know how bitcoin works like atleast know how to confirm whether the TX is included in a mined block by searching with TX id on block explorer.

And should know how to keep the funds safe in a non-custodial wallet instead of an exchange but I don't think it happened yet. More than half of the people I interact with still lacks this basic things and it's too alien for then to understand, they buy bitcoin and keep it in the exchange until they decide to sell the back.

Bitcoin is working exactly for what it was build for, that's a huge success, technical part? There are different reasons to choose Bitcoin, from payment option to adoption reasons and even store of value, people don't even need to know how to run a Bitcoin node, unless they have a reason to, how is this not a big success?

Well, I believe simplicity is the core of Bitcoin adoption. If people begin to understand the fundamentals of Bitcoin, then that is success, or the beginning of success. Essentially, if a large number of people understand the fundamentals of a new technology, they will use it widely, and adoption will begin to occur on a large scale, for any technology, including Bitcoin. For example, let us look at how vehicle technology began, initially, the creator created it with complexity, and then refined it to make it easy for many people to use. People began to understand and try it, and people began to adopt it. So, the question arises, do all vehicle owners (buyers) understand the complex parts of it? I don't think so, most of them only know the basics.

You don't need to know how the engine of your car works and how it accelerates when you press the gas pedal to drive a car. You also don't need to know what happens when you swipe your debit card on an electronic device to be able to pay with it. Still, both cars and payment cards have attracted hundreds of millions of people.

We can apply the same logic to Bitcoin. You will need only the basic of knowledge to be able to use it. If you are interested in more complex and technical parts of the system, and some people are, they can acquire that knowledge by studying the code and learning from technical documentation. None of that is mandatory for the average user, though, in the same way as not being able to explain the internal combustion engine can still take you from A to B.

Bitcoin is already a phenomenon, and it's not a success because tech geeks and developers find it useful. Its success lies in the fact that it provides many benefits to ordinary people with limited knowledge of its technology.   

I don't think that Bitcoin is too complicated to learn, and use it practically. People need to learn but learning about Bitcoin is not too hard, even with the elderly. It's like sending a letter from their home to another house of another people. There are steps of entering the receiver address, choose the fee rate, pay the fee, and finalize the transaction, it's not too difficult and complex to learn.

The barrier is whether people want to learn or don't want to learn. If they want to learn, even complicated things can be learned while as said Bitcoin is not such complicated.

Many resources to learn about Bitcoin from fundamentals to advance.
https://learnmeabitcoin.com/beginners/
https://learnmeabitcoin.com/technical/
https://www.lopp.net/bitcoin-information.html
https://www.lopp.net/lightning-information

But in Bitcoin you're supposed to do all the thing alone.

If someone don't know engine car and how to fix it, we can go to car service.
If someone have a trouble with their debit card, they can go to banks.

If someone have a problem over centralized exchange or wallet, then who they should seek? friends? it would breach their privacy, people are less likely to contact the customer support because they like someone in real life to fix for them.

Hence, people have to know many thing than just the basic because you can't rely on someone when you have a problem.

I don't think that's a problem and its not absolutely required to know about how bitcoin works for people to transact in bitcoin. And I believe satoshi had similar vision.
There are multiple ways people could contribute to bitcoin but for its use, satoshi envisioned a way where the users don't even need to run the node for transacting. It's a proof that satoshi wanted bitcoin to be as simple as it can be for the users who just want to send or receive coins.
Similarly, with the limitations on number of coins, it was intended to be an asset that could gain in price with increasing time. Here (https://satoshi.nakamotoinstitute.org/posts/p2pfoundation/3) he clearly states
So the coin was intended from stat to be rising in value. So bitcoin is exactly acting as it was supposed to.

Bitcoin was not built to be complicated. Of course, the technical part of it is complicated, but it was built in such a way that you don't need to know the technical part of it to understand it and use it. When something is too complicated, it becomes only for a specific people; people who are in that field, but Bitcoin is for anybody. All you need to know are the basics. How it works, why and how it was created, how it is mined, and what makes it unique. These are not things that are difficult to understand. It is only after you have understood these things, which are the basics, that you can start getting an understanding of the technical part.


These things you mentioned are the basics. Wallets and exchanges are the basics of understanding Bitcoin. How do you learn about Bitcoin without knowing how wallets work and ow how exchanges work? If you have a problem and need help, that doesn't make it a technical part of bitcoin; it's just normal life. In all fields of life, people need assistance; it doesn't mean the assistance they need is a technical part of that field.

The forum was created to educate and give assistance to both the technical and non-technical aspects of Bitcoin. For example, if a person wants to import his address to a new wallet and he doesn't know how to go about it, if he asks, he will be given assistance on how to do it; that doesn't mean the problem was a technical problem. It's just a basic problem he doesn't know. The fact that we use the word "basic" doesn't mean everybody understands everything about it.

Exactly more people use Bitcoin, more it becomes less hard idea, simply about buying and holding, and technical parts of matter are left behind, which is, in my opinion, clear sign of success. Like internet, technology should be easy to use so as to reach all people and this shows that its hard foundation is strong and good enough to be hidden with user friendly tools. Real success is that hard rules of Bitcoin such as fixed supply and security can be trusted by all, that is, simplicity is first step which is needed to change Bitcoin into small project into world money system.

I don't think end-users need to know the clockworks behind Bitcoin they only need basics send receive
But I have a question was Bitcoin releasing and usage the final goal?
I mean if you created the new system foundation
Tested it and built trust in it
What should be the next step?

The Creator of the Bitcoin wanted a change in economical system
low fees transactions
Freedom of financial System
wanted to fight the tools used by old system that made inflation
Bankrupt
wanted to fight money derivatives that ruined people life's
Do you think giving his own work to the hands of the same people he was fighting is really what he wanted
Bitcoin know not what is used to be
The Rich become richer and the poor become poorer with Bitcoin now

So it doesn't matter if we now how to use it what really matters is to know what to use it for

Bitcoin was created as internet money of the free, so you should not be surprised if the discussion is hovering around buying and selling because that is what money is used for. You don't need to have full knowledge of the technical aspect of Bitcoin before you can use Bitcoin just like you don't have to know all that has to do with monetary policies and banking system before you can us the fiat system. There is a technical section where technical stuffs are discussed, you can visit that section for all technical discussion, or bring up one if you have any.  

now that i think about it the most common things we encounter in our everyday lives a lot of us won't really be able to explain the hows and whys of it

if someone was asked how the internet works they probably would not know how to answer it even though they use it everyday and it has become such a huge part of their life

What I really see now that there are lots of people starting to dislike the idea to trade their Bitcoin due to technical reason.

Many people think about more easiest thing which all people can easily do. That's the reason on why accumulating and do DCA discussion becoming famous in this forum since lots of people like the idea about they just need to buy Bitcoin and HODL it then they have great chance to earn huge in future if Bitcoin pumps then hit or break huge ATH records.

People really got amaze on the fix supply of Bitcoin and possible scarcity with this coin gives lots of idea to lots of people that Bitcoin is good to hold for long term. What good thing about doing such activity is this is been proven by lots of old holder before since most of them earn huge profit from Bitcoin.

From what perspective do you think Bitcoin has become much simpler, given that nothing has changed since its inception until now? Except in terms of adoption and interest in approaching investment and trading, as the Bitcoin community itself has grown. Bitcoin is easy to understand and explain, but to what extent can someone see this based on their existing knowledge? Without proper study, people might find it difficult to grasp. Investing may be much simpler and easier to understand because all it takes is money to buy and store it safely.

The difficulty lies when someone engages in trading, because there is a lot to learn, and if one takes the wrong position, trading can result in losses in a relatively short time. That is why people consider investing much better and one does not need to worry too much about losing more money compared to involvement in trading which is full of high risks.

I think if we made reference to fiat , I think we all know the simplistic side of it because fiat too has the technical side of how the central bank has to control it's supply, we have to consider the money policy, the fiscal policies etectra and people don't put this much into consideration, same philosophy applied to Bitcoin, we don't need people to know the technical side of it unless you are interested otherwise keeping it simple should be the name of the game.

The vast majority of people still perceive Bitcoin as some kind of internet scam that will sooner or later collapse, and that is a fact that cannot be escaped. I think the reasons for this lie in the fact that Bitcoin has been the target of the mainstream media for too long in a very negative sense, and not much has changed even today when the big players started buying Bitcoin and are obviously trying to keep the price as low as possible for as long as possible.

While on the one hand various companies and funds already have over 2 million BTC in their possession that we know about (who knows how much we don't know), on the other hand central banks and various financial agencies continue to warn ordinary people not to invest in Bitcoin. The real problem is that the average person believes in such stories and would rather buy a government bond that will give him an annual yield of 3%, while at the same time inflation amounts to at least that much or more.

Most people on the planet use smartphones, but only a few understand how they work technically, and in reality, it's not that simple. Bitcoin is increasingly being adopted by governments, and for people, this is a key indicator. Knowing how to safely store, receive, and send it will be a great success. Even with proper storage, many people currently lack basic knowledge. Moreover, they are overly trusting and often fall victim to fraud. Therefore even in its simplified form, Bitcoin remains a very complex asset for ordinary people.

Yes, it will pass on with time. Like suppose a person is now investing in bitcoins and made profit with it, his children will also learn about it. When they start earning, they will also start investing in bitcoin and also tell others about this opportunity.

It has to be that way. People won't buy bitcoin if it's too complicated for them. We have been there and understood the struggle but we just believed on it, and we're in it for the 'tech'. I believe that most of the new people that has got in are also going to tell the same thing. They don't have to be technically good at it but they at least need to understand the basics of it. Just look at gold, it doesn't need its owners and investors to be technical about it, as long as they're in it and trusts what it has got which is about the growing value of it from time to time, it has grown and one of the known assets globally.

I've spoken about this repeatedly in my previous posts. For bitcoin to be widely adopted globally (by all segments of the population, or at least by the majority), this financial instrument must be "simpler" to be "accessible". Basically, what we see around us is a movement toward simplification. For example, mobile wallets (and exchange apps and crypto platforms) allow virtually anyone to buy, sell, send, and receive bitcoin.

For any technology to be accessible (and understandable) to the masses, it must be simplified, as "difficulties" in use will "push" users away.

The technically complex aspects of bitcoin would never, under any circumstances, be studied by the majority, as this is the domain (and privilege) of a few passionately tech-savvy geeks. This is only of interest to the most dedicated BTC fans. Most people only care about the price and some possible uses (for example, cross-border payments). Therefore, you shouldn't worry about bitcoin being simplified for the masses. This is exactly what is needed for mass adoption (which many would like).

Many people that were not into Bitcoin thought that they needed technical knowledge to be able to own Bitcoin, they would have the interest but will be discouraged because of what they believed. They think that Bitcoin investment is as complex as crypto trading until they research and know that it is quite easy to create a wallet and buy Bitcoin without knowing in-depth technicalities about it. Bitcoin simplicity to buy and sell is the biggest reason why it's adoption is increasing, as more people start to realize that they can own Bitcoin without anybody's help they will be encouraged to buy and hold as an asset. If owning Bitcoin were as technical and physical as mining I don't think that many people will adopt it despite their interest.

Not technical knowledge is needed before you can start to buy Bitcoin but I see it as necessity for everyone to acquire one or two. You don't need to know everything but the basic is very important. Imagine buying Bitcoin but you thought leaving it in a centralized exchanges is better than putting it on your wallet, that's a bad thing to do and sadly many people don't know about this information.

It's because some don't have the basics is why they loss their entire wallet to scammers. You can't have Bitcoin on your laptop wallet and think of downloading things from the internet, gamers like software like crack version for free, such wallet can have a malware which they may not be aware about, this informations are very important to learn for everyone security.

I doubt anyone be it an investor or not, would buy or use Bitcoin if it was very complex and hard to understand. If the process of using it or acquiring it is difficult, no one would go into it for fear of loss.
The reason why it has gained much adoption and is still growing is due to its demand and supply chain and use case in the real world as a hedge against inflation and a store of value for future wealth.

The medium of acquisition of Bitcoin at the onset wasn't or isn't as easy as it is today and with more innovative technology and integration of AI tool to make trading it very simplistic, even a layman today can just take instructions from anyone including the exchange's bio inorder to better work the system and make it productive for one.

Finally, I think that the question about Bitcoin being too simplistic isn't what is to be bothered about because its foundational simplicity will be its enduring strength or it will be a fatal flaw that its Layer 2 complexity can't fully overcome.

Bitcoin is easy to understand except you make it difficult for you to understand and if you are someone that don't like it he will always add for you to understand because anything that you don't like he will always be difficult for you, if bitcoin is hard to understand he will be hard for people to invest in it because they won't feel comfortable. The more people are getting more interesting in bitcoin that is how he makes things easier for people because they is not any difficult to explain on how to invest in bitcoin is just for you to keep your wallet self and your private keys when ever you invest know one will get access to it except the one you give out.

What is difficult is just the trading you need to learn and make many research about it before you can become perfect and start to trade with Bitcoin but if is about the investment and popularity all is easy because the more you understand it that is how you will try to guide someone if he have interest to learn about it too.

Is holding/trading/using as payment too little for you, OP? What would you want us to do? Learn to code and discuss technical issues of bitcoin?

The truth is most users of bitcoin don't care about things like block size, core vs knots and all that. Most car drivers don't care what the oil change intervals are, they just get a message on their screen saying it's time to change oil, so they call the dealership and forget about it.

I've been a bitcoin holder for a decade and never cared much about the technical side of it. If you're really interested, read Mastering Bitcoin, but don't expect more people to do the same. It's a really difficult book.

Of course, it's a success. Why does a normal user need to know about the technical aspects of Bitcoin and how they work? It's not important if someone knows the technical aspects and how Bitcoin and its network work, how the blockchain operates, understands nodes and everything, that's simply a plus, but that doesn't mean those who don't know these things can't use Bitcoin or become a part of the overall network. As long as someone knows how to use a wallet, how to send and receive coins, how to use exchanges, etc., they are good.

People who are generally interested in Bitcoin and how it works will slowly learn everything because they will surely keep doing some research about how it all works, and they will find out everything over time. When I first started using Bitcoin, I also didn't know anything about it, but over time, I learned almost everything, and now I even know how the blockchain works and stuff. So, it's a gradual process, and it's not even necessary, but over time, people will learn everything if they are interested in them.

It was natural that it had to flow in that way as it would always for any newly introduced investments asset. People would want to dig into it's credibility and potentiality to succeed in the long term, being an asset. Right now, bitcoin has proven itself beyond that stage of distrust, and what people now care about is how they can maximise profits through it. The trust has already being tested and proven.

You are saying it on a newbie's point of view. However, if you have been here dealing the market and bitcoin longer, you will realize that bitcoin isn't complicated at all. You can always chose to buy, sell or make any transaction you want as simple as possible. That is bitcoin, never complex and never complicated, except for those who really don't want to learn bitcoin as they won't be open for any tips and suggestions that would lead to bitcoin. While bitcoin is hard for newbies, but that kind of concept will definitely change as you go through learning the process.

Your comparison of Bitcoin users as car drivers is perfect since most of people use technology just because it is easy to solve problem and is focused on what Bitcoin does and not how it works. Like how driver has to trust mechanic, most of Bitcoin users are left to easy tools to handle technical details, which is very hard information in books such as Mastering Bitcoin, which is huge hurdle that cannot be passed by anyone to learn code. This balance is quite good for Bitcoin since to make it global success, small group of fans needs to sort out tough technical issues to make it simple, reliable tool that can be easily used by rest of normal users.

If you think about it, there are not that many things that you need to know. And it's all basic stuff.

If you have a problem with a centralized exchange, you contact the custodian who is in control of your money. It's the exchange itself. If you give them your bitcoin, you have to be ready for everything. It's their game and their rules. You are just the player, and you can get ejected. Knowing the difference between custodial and non-custodial is one of the basics of Bitcoin. Knowing how to generate a seed with a non-custodial wallet and protecting your keys is also basic knowledge. Understanding the hashing mechanisms and encryption that goes on in the background isn't mandatory knowledge for you to use Bitcoin safely.

You're right, because someone who thinks it's complicated doesn't fully understand Bitcoin's history and may still be new to its involvement. Bitcoin is quite easy to understand once someone has entered the investment stage, and the various challenges that occur in the market will help them mature in their understanding of Bitcoin's journey. When someone wants to take an investment approach, perhaps the most important thing is a method or strategy for buying, and the rest is how to secure those assets to avoid the risk of loss due to storage errors.

The only reason it's complicated for those involved in trading is that it may require in-depth knowledge of how to enter and exit the market to avoid losses. That's why trading is considered difficult by some people because not everyone has the ability to see the potential in it, and if you take the wrong approach, trading can actually make someone lose money quickly.

I think people tend to focus more on what matters most to them. The "interests" are one of the ways to know why they are really attracted to Bitcoin. And it seems few are attracted by the tech, principles and currency aspect of it. Such people are more likely to also focus on the technical aspect and able to understand it.
However, it's important to note that no matter how complicated or technically challenging something is, it can be really simplified or made easy to understand for almost anyone. This is what the technical people should be doing to carry everyone along.
It won't be a bad thing if Bitcoin especially the tech aspect becomes more and more simplistic. That will help increase the number of people participating in consensus, decentralization and running of Bitcoin, making it more difficult for few bad actors to try to take advantage of.

So if they are in it just for the money or to hold, making things simpler could encourage them to be part of its security, and consequently the security of their funds.

How many people use smartphones today? Do you think they understand the kernel, the Android runtime, or native libraries? Of course not. Most people only use smartphones for their daily needs, they don't really understand these things because they're technical and not something they really need to use the device effectively.

The same goes for Bitcoin... as long as people understand the basics, it can be considered a success. Not all Bitcoin holders need to understand technical details like how the blockchain works, consensus mechanisms, etc. They only need to understand the basics, such as how to secure their assets, conduct transactions, appropriate investment methods, and understand the risks of Bitcoin volatility. If they want to delve deeper into Bitcoin, they can learn the technical aspects, but that may take time. But if they already understand these basic things, that should be enough.

It's not hard for newbies because newbies don't need to go in-depth to learn about Bitcoin and how it works. All they need to know are the basic things, like what Bitcoin is, how it works, how they can send and receive it in their wallets or exchanges, how they can buy and sell Bitcoin and then send them to their wallet from exchange, how they can keep their bitcoins secure, etc, etc. These things are not that hard to understand if someone is willing to learn, but if they are not willing to learn, then that's a different thing.

I think Bitcoin should be kept simple. If you look at the big picture, only 6 percent of people are using Bitcoin. I want it to be used by at least a third of people. And that's what's needed when Bitcoin is presented in a simple way to everyone.

But that was also Satoshi's dream. So that we would have our own independent currency, without relying on a complex banking system, that we could transact with each other without any intermediaries. If we make it complicated, we will never attract new users. So the simpler the better.

There is no need for anyone who is just interested in investing to be bothered about the technical aspect of bitcoin and to me as long as we have more people who can simply just know how to buy, sell and invest or hold, then I would say it’s already a success because the primary goal of bitcoin was for people to simply send money to people to be able to transact without a third party and if that goal is achieved, then it’s truly a success.

I think people are already trooping in because of the simplicity which is because people are already understanding the basics of it which is the simple buying and selling.

Very few people in the world even have a superficial understanding of Bitcoin. Even fewer people have a deeper understanding, and those that understand it fully with or without the technical part are a tiny minority. Bitcoin may in some ways seem simple on the surface but it is a very radical invention that is extremely layered and complex. To understand Bitcoin from many aspects you must be schooled or otherwise educated in several different fields. As you can see most only think of Bitcoin as money or cash but that is a very simplified view of what it is.

This is much better. I don't understand why users expect people to understand Bitcoin but at the same time they don't understand the fiat system. They don't understand central banks behavior, they don't understand inflation or anything related to this yet they use the money that they provide them. So why would someone need to fully understand Bitcoin? This knowledge will always be for a minority of people, those that choose for whatever reason to go deep into it.

Do everyone necessarily needs to know the technicalities of Bitcoin?, No I don't think so. But do we need have a decent idea on how it works?, Yes of course.

From the abstract in the Bitcoin whitepaper, Satoshi called it a peer-to-peer version of electronic cash that would allow online payments. That is literally one of the most basic thing that every Bitcoiner should have an idea of. How to send and receive, i.e how to use a wallet is also something very basic. Technicalities does not determine it's adoption. For a product to have a decent adoption, it's usability most be as simple as possible, and Bitcoin is not exempted.

I agree, if you have a general interest in something, you won't have a hard time learning about it, because you will keep looking for as much information about it as possible, and once you do that, you will have a clear idea of how it works and what it is. I am sure this would be applicable for adapting bitcoin as well. All you need is, showing real interest on learning on how to use bitcoin securely.

Bitcoin might sound technically complicated, but in general, it's use case and everything aren't that complex if someone has a general know-how about using electronic devices and banking apps, etc. In modern days, just having a mobile phone is more than enough to adapt bitcoin and I guess that this is what exactly happening right now.

Bitcoin wasn't created for it's technical parts to be known by everyone, it was created for its simple use which is to send and receive money to be used. Not everyone is supposed to be mining Bitcoin but only those that understand how to do it and have the facilities to do that. Everyone is supposed to used Bitcoin as a currency and that's the aim. It can still be achieved because we have alot of time for adoption to still happen and it can start from anywhere. Most not start from a particular region so it doesn't get colonized. The more Bitcoin become simple, the more we'll be getting more adopters because alot of people still don't understand how Bitcoin works.

gold has become common even though it’s still considered as a valuable asset and one that is perceived by many as something not everyone can buy

by the loooks of it this is also what will happen with bitcoin, people will be well aware of bitcoin and it will be perceived as valuable

I've been involved with Bitcoin for quite a few years now and if I'm honest, I don't know much about Bitcoin's technical nature. I know the basics, and that's about it. I've been holding for quite a few years and personally, that's the part I'm mostly interested in. I don't use Bitcoin as a payment method, and I doubt I'll ever do. Although it would be nice to go in-depth about Bitcoin's technical nature, it's not one of my priorities and right now, as it wouldn't be of much use, and this is the reality for most of us.

To a great extent, yes. Adoption doesn't necessarily mean knowing how it works. That's true to Bitcoin. That's true to everything else. The great majority of the people all over the world don't even know how exactly fiat works despite trusting and using it for generations. If people know what Bitcoin means, how it's bought, spent, securely stored, and the like, that's more or less enough. Adoption doesn't require users to be an Adam Back or Andreas Antonopoulos.

Not all Bitcoin users possess detailed technical knowledge of Bitcoin, although it's essential for everyone to master. However, I find that a basic understanding of its advantages, disadvantages, risks, how to buy and sell, and how to keep Bitcoin safe is sufficient.

Once people reach that level, they'll naturally be encouraged to seek something more than the basics. While theoretically it may seem easy, in reality, it's challenging to achieve, although nothing is impossible as long as someone is willing to learn.

Bitcoin is tell as complicated as it is made to be, but in reality Satoshi did not make it as complicated or difficult as it is. It is just a simple process of technology. However, currently Bitcoin is being presented in a very simple way, due to which the more people come to Bitcoin, the more its importance increases, and due to the ease of explanation, Bitcoin has reached a point where ordinary people are able to use it.However, because many do not have enough technical understanding, they just buy, hold, and sell. It is like a phone—not everyone knows how the internet works but can use a phone. In a sense, this is not bad because easy use means reaching the mainstream. If everyone can use it safely without knowing the technology, that is actually success. However, knowing the basics increases awareness about safe transactions and privacy. Because in the end, Bitcoin will survive not only on use but also on understanding.

Fiat is just longer on the global stage.

BTC is the alternative everybody will want in the future if they don't want to be bound to the system they do not control.

 8)

I think bitcoin is already a success because historically more people are aware of what it is and its uses, they are also using it. The concern mostly is its uses not technical aspects of it and that is why the growth and dominance is increasing. Those who are looking at the technical aspect are not much and they are those concern with mining and are not contributing alot to the numbers of the huge numbers of ordinary users of bitcoin. Investors, traders and holders form the numbers of the basic users which contributes to the adoption, awareness and popularity of bitcoin

Bitcoin need to be simple and understandable for people to use it because not all holders or investors of Bitcoin are good at the technical aspects. Even though it is necessary for us to do our own findings about what we are investing on, the network and transaction processes need to be simple and easy for new investors to embrace it quickly and start using it for investment purposes and trading.
It is the dream of Satoshi Nakamoto the creator of Bitcoin to make it decentralized and well simplified so that people can relate to it without being a programmer or tech person. The simplicity of Bitcoin is what has been increasing the adoption.

Those who want to learn Bitcoin don't need to learn the complex parts. They can learn about how to buy, sell and hodl. But if they want to trade, they must learn about trading deeper.

They can learn the complex parts but that is not easy because they need to search more trading information and learn it. But that will consume more time than just learn the basic things. So it will be up to them to decide whether they want to choose.

Ordinary people who only want to accumulate Bitcoin or make money should learn those things and practice. They can give the complex parts to the expert and let them do their job. But learning the complex parts will be okay.

Bitcoin is becoming more simplistic because people engage in active discussions about bitcoin on platform like reddit and X.Bitcoin isn't as difficult to understand just like how most people think it is, it's all about the mindset if you're willing to understand the basic knowledge of bitcoin you'll take out time to study and understand it.Likewise the technical part of bitcoin,if you know you'll make good success from the technical part then there's no harm in craving to have knowledge on the technical part.I would consider it a success if majority of people know bitcoin and it's basic and not on the technical part,many people aren't just interested in the technical part of Bitcoin.

Yes, this opinion has its roots. Bitcoin has become a store of value, often without purpose. Initially, Satoshi wanted Bitcoin to be easy to store, and that's exactly what happened. But now, for many, it's become a highly speculative goal. Yes, storing Bitcoin is safe, but people buy Bitcoin because they want to make money. Institutions also want to make money, as do banks and governments. Cryptocurrencies are becoming more speculative: "buy and sell at a higher price." It's not all bad, since Bitcoin still serves its purpose of transmitting money around the world, but now the BTC means have truly become simple.

The simpler the better. Bitcoin is money and a medium of exchange. Just like gold and gold is also simple because good money is simple. Everybody can understand the value of it at the first glance. I don’t see it as a bad thing for that reason but it is true most people don’t really care about the tech that makes all these possible. They mostly chase quick returns with alts and get rekt doing so. In 10 years btc did what, x100? But somehow many people still manages to missed this moon train. Code-wise though btc is far from being simple. It used to be before segwit probably but now it is not that easy to understand what’s going on with the code unless you are a super capable software engineer.

Of course it's simplicity has led to the increase of bitcoin, first knowing what it is and what it does primary may sound too easy to understand, but not just that alone an investor in bitcoin needs to know the secondary aspects too to avoid risk he/she can't condole. While other blockchains are more confusing and sophisticated the bitcoin blockchain remains too easy and fast to understand (basics), also bitcoins approach to the world makes its security trusted and confidential.

One needs to be able to understand before involvement in btc, many people are not that technical that I agree with you my friend, many don't understand what the HighVibeAssets wrote when they said " Soon you won't even know what a private key is, 99% of the users do not need to understand the technology " actually what this portrays is that the simpler the users experience can result to easier mass adoption

Yep, currently the barrier to entry is low because it's very easy to search how to buy and hold Bitcoin, people no longer need to spend time to understand Bitcoin and forced to use harder way to buy Bitcoin.

It's require simplicity if you want Bitcoin to be adopted by a lot of people even though it also come with the risk, where many people not even understand about Bitcoin, they only able to read the text or explanation in google.

You shouldn't be surprised that people are now investing in bitcoin like it's nothing. This period can never be compared to the early days when people were still trying to understand what the concept of bitcoin was.  The technical aspect of Bitcoin then made Bitcoin very difficult to understand by people who were not technologically inclined. Now, lots of research has been made and people have come to realise that they can actually invest in bitcoin without going deep into understanding the blockchain technology behind it, all they needed to do is to understand the basics, including how to secure their bitcoins. Yes, take it that people somehow figured out how to understand Bitcoin and make it less scary.

That still counts as a success even though most of us may still be confused by the technicalities of bitcoin but as long as we can buy, sell or hold as OP said in the thread at the end of the day they have a bit of an understanding of what they have to do.

Make no mistake when most hold their bitcoin investments for the long term they actually indirectly also understand the mechanism and how bitcoin works even though maybe you will say that this has become simpler.

We as people who have emotions sometimes always see from an easier angle for a view and when we are faced with a situation that is quite troublesome as when having to learn bitcoin to the ins and outs in the end we will only look for what we need and believe in for bitcoin such as how to buy, hold assets owned for the long term and convince yourself to continue to suggest that this decision is the right thing it is enough to be a good basis for those in bticoin today.

If Bitcoin were explained in technical terms, people might be confused about what it actually is. That's why Bitcoin is now being compared to "digital gold," which makes people more aware of it and more interested in investing in it.

While this simplification makes it easier to understand Bitcoin and increases its adoption, it has the disadvantage of not fully reflecting Bitcoin's technological aspects and functionality, and this simplification further deviates from the original purpose for which Satoshi created it.

You might just be the one user on this forum that I have seen to write an entire piece without using a full stop (.).
Just how do you do that?  Perhaps you weren’t paying much attention but, I think this is something you should improve on while you are in the forum.

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Bitcoin isn’t a simplistic currency, it’s got its technical aspect that isn’t easily understood by the majority but, it’s not entirely needed in order to work the system. Basic knowledge would do but, there are more that could be done behind just sending and receiving Bitcoins.

You could run a node, you could participate in mining operations and several other aspects to Bitcoin operation and functionality.

Sure,  long term investors understands how bitcoin is because they are patient enough to invest for long term and they can face any challenges that comes there way. Bitcoin is easy to understand because they us not alot thing to understand if you want to invest the only thing you need to learn is how to buy and hold and get a better wallet that you can save your coin, is only trading that can be difficult to understand because you need to learn many things before you can achieve your goal in trading but investment is not hard to learn and if you understand it you will always like to invest in bitcoin because that is what will minimise your risk, in crypto, but others are not guarantee to get profit if you invest in them but bitcoin will surly give you profit if you leave it for the long term an set your target and just wait for your profit.

From the early adopters which understand the complexity of Bitcoin to now that it's being too simple to understand.

You don't need any computer science knowledge on it but later on, it will be required when someone has learned the basics and trying to dig more of its technical aspect.

The success of Bitcoin means that there are a lot of people who have adopted it because it's not complex and everyone who bought understood the same thing, that it's a good store of value and having limited supply will make it scarce and valuable to hold.

At least many of us are starting to understand and realize where we are going.

I think there's no point in debating something that's already done and has already demonstrated its capabilities. What needs to be prepared is the extent of our participation in preparing to invest in BTC, because in the future, great things will be created, and words of regret may no longer be necessary when the time comes.

People will understand and seek it out when they are truly ready to invest, and those who come there won't be those who can't read or have zero knowledge about crypto. Wake up, we haven't truly enjoyed what Satoshi created in the beginning, and those who came first have already become winners, and now it's our turn with a different version. We're not rich yet, my friend.

I like how you pointed out that there is no need to debate what is already proven and Bitcoin has already shown its strength over time. What actually matters now is preparing ourselves and understanding how to be part of this evolving space. You are right, knowledge is key. The earlier we start learning and positioning ourselves, the better chance we have to benefit from what is coming next. We may not be rich yet, but this new phase could be the opportunity to change that.

And that’s that’s one of the best things about investing in Bitcoin, you don’t need to be a tech savvy or know everything about bitcoin to invest in it, just know the basics of bitcoin investment and have a long term perspective of the asset, and you’re good to go, you’re right that it wasn’t like that in the early days of Bitcoin, though Bitcoin was way more cheaper back then but still,  it everyone wanted to get involved with something they knew absolutely nothing about or comprehend. But now, Bitcoin has undergone several cycles and people have now seen what Bitcoin is capable of doing and that it can be trusted and worth investing in. So sure, investor’s pace back then and now would surely be different.

People, many of them, still define BTC as a Ponzi sometimes.

And the earlier they understand that it's not true, the better it would be for them.

Learning the technical part of Bitcoin is a choice since people don't need that knowledge to buy, sell, or keep Bitcoin.  How many people know how fiat is printed or the technicalities behind the online transfer of funds? In addition, information about Bitcoin and the crypto industry is now available on different platforms, making it easy to learn. The knowledge about the complex areas of Bitcoin is worth to learn, but it's not necessary if you want to just use Bitcoin.

Nothing wrong with not wanting to go deeply into the trenches of BTC, but it would just make the whole adventure into it easier and all the pieces would fall where they need to be.. If question arise, that is, besides holding properly and responsibly.

It's usually the left and right. Even if we work in an office, there are two camps: one supporting it, and the other skeptical, or even outright claiming it's a scam. Well, whatever they want to say about BTC.

When someone loses in trading, especially in the short term, they might call it a scam because they can't stand the correction, which they think is over within a week, even though it hasn't even reached the support price. Or, more simply, they can buy when the chart has only dropped 20 or 30% after a significant increase. It's natural for it to rise slightly and then be hit back down. That's why they try to hold on. ;D ;D.

That is  sensible point that you made that people do not need to know technical details of Bitcoin to use it just as most people use cash or online banking without understanding how they work. This is due to Bitcoin is now easy to use and you do not need to understand things like blockchain or cryptography to simply buy sell or hold it. And learning complex parts of Bitcoin is helpful and gives you better control but fact is that Bitcoin works in simple way for users because it is accessible to everyone this does not matter they know about technology or not.

Learning the technical side of Bitcoin is purely a choice because anyone can use it without knowing the deep mechanics behind how it works most people today use fiat money and online banking without ever learning how currencies are printed or how bank transfers are processed the same idea applies to Bitcoin its system is designed to be simple on the surface and complex underneath so that everyday users can send and receive transactions easily. People who want to explore the technical side like how mining works or how blocks are verified can definitely gain more control and understanding it helps especially when learning about wallet security and private keys but this knowledge is not a requirement for using Bitcoin modern wallets and exchanges already handle most of the complex work in the background.

the best part is that information about Bitcoin is widely available online for anyone who wants to learn there are videos articles and tutorials that explain both the basics and the deeper technology step by step but again it depends on the user’s interest and goals. Bitcoin was created to be accessible it allows both technical experts and regular users to interact with it in their own way whether someone just wants to hold it as an investment or dive deeper into blockchain mechanics Bitcoin gives room for both without forcing anyone to understand the full technical structure.

I do think that the OP was talking more about the view of the people of it - nowadays, not many people dig deeper for the core principles of BTC, they just want to see results with it, and the faster - the better.

 Most of  % 99 people on internet, dont know how https/htlm, script works, but they use internet for everything such as invest, send money-banking etc.
 Bitcoin idea is simple; decentralization of money. Bitcoin code is complex.

Success in Bitcoin is nothing more than how someone uses Bitcoin to achieve financial freedom. If someone can't utilize that, then in my opinion, it's not a success. Many people out there know Bitcoin, both technically and in other ways, but because they don't engage with it, they don't achieve any success. Bitcoin is quite simple to understand, and in my opinion, all that's required is the ability to buy and store it in a safe place.

The rest isn't necessary, especially for people who only use Bitcoin for long-term investment. A lot of knowledge can sometimes make it difficult to get involved due to various considerations, which ultimately make it difficult to get started. It's better to choose one part correctly, and investing in Bitcoin will lead someone to financial freedom the right way.

Especially nowadays, when people get their answers and data through AI 80% of the time or even more..

Bitcoin is about your freedom from the system that is here and doesn't work in your favor. And it allows to be a user of itself without much background knowledge on it (though it's interesting and worth the while, imo).

Bitcoin getting simplistic is actually a good one even in other part of short term investment and trading has now been made easy, that average individuals are now able to access it, before it was only computers used in all these but now we have access to them in our mobile phones, and using them is now very easy as well

i personally consider it success to an extent, but if not used wisely would lead to loss of money, even as these things has been made easy just buying and selling is not enough, more knowledge about bitcoin is still required, especially when it comes to the movement, so investors will not sale their coins when its not matured enough as a result of fear.

Yeah you are right the fact more people are into bitcoin now doesn’t automatically make it easier to understand the real difference is that there is just more information out there day you can literally learn everything from a quick google search or chatGPT back then bitcoin was all about true decentralization but now with so much centralization creeping in the way people learn and see bitcoin has definitely change.

While some people's perspectives have changed when it comes to learning about Bitcoin, the basics of Bitcoin will still be learned by those who are already into it today. Because Bitcoin is so different from so many other centralized cryptocurrencies, most people still discriminate against it, as it simply isn't worth comparing it to others. Learning about Bitcoin is much easier now than it was in the past, as there are now numerous articles about it available online and available for anyone to read for free.

I think its about the choice to be able to buy something that is technically complex but use it with ease.

Take for example a smartphone, most of the people who use that device for day to day services, dont understand the technical part happening inside it but they will still use it because it helps them do something that they need.

Bitcoin is like that only. It solves the problem that banks has imposed on us, it helps us decentralize the financial system and that is what people like and hence they will continue to use it.

To use something, people must learn and the more careful learning they do, the more smoothly experience they will have with less mistakes. They never need to understand things deeply behind any product, as it is unncessary but if they want to learn deeply like this, there is always space for learning as learning is endless.

To use bitcoin on Bitcoin blockchain, it's complicated with newbies but if they can learn, it becomes easily to use Bitcoin blockchain for bitcoin transactions. It does not require too much time of learning and practicing with testnet or mainnet.

https://learnmeabitcoin.com/
https://www.lopp.net/bitcoin-information/bitcoin-explained.html
https://www.bitcointutorials.org/

What do you think people are going into Bitcoin to? For me there is nothing else apart from the success and benefits they would derived from Bitcoin that is the reason why it's attracting people the more, and of course as we know there are people who are venturing into Bitcoin for payment and transactional methods and they are not just doing that also as a safe haven for them.
Over the past the years stating from 2009 till date you would see that it's gradually gaining attention and dominating and also getting exposed across the globe.

Everyone just have to focus on their individual area of interest in the adoption of bitcoin, which is true that you mustn't be an expert in the  technical aspect of bitcoin before you can even make success and profit from the asset. If you're interested in trading and hodling of bitcoin for profit, your interest will be to gain knowledge about the best security modalities to secure your bitcoin, to learn about market volatility and it's dynamics, going further into the technical area is definitely optional. With the internet there's nothing hiding about bitcoin and, peoole that wants to go into the complex aspect of bitcoin  must have an interest in bitcoin mining, bitcoin Blockchain tech, etc. oOtherwise, the basics on how to safely use bitcoin is enough for the average joe. we all have to acknowledge the fact that profit is what is driving the growing bitcoin adoption and every individuals interest can't be motivated into the technical area in making that profit.

I agree that most people now use Bitcoin more simply, buy, hodl, repeat is basically the mantra these days, however  that is a win.  you know, adoption of bitcoin is remarkably influenced by perceived usefulness &  ease of use.  Bitcoin would not get bigger  to billions if it was only for techies.  Peer to peer money for all was the fundamental concept.  Therefore, triumph is achieved if the majority comprehends the fundamentals &  feels empowered to take part.  It is admissible that at most a select few will have way in to the intricate technical details

It is true that the opportunities or freedom and success that can be obtained from accepting Bitcoin are the reason why ordinary people and small and big businessmen and different countries are accepting Bitcoin. Over time, the use of Bitcoin is continuously spreading all over the world and will expand in the future in a big amount, because Bitcoin decentralized digital asset of the future, the supply is limited, and no specific country or government can control it. By holding Bitcoin in the long term, we can protect ourselves from inflation. All these factors are the reason why people are very enthusiastic about buying Bitcoin.

Exactly the point, Bitcoin has become so popular around the globe.Satoshi's invention is indeed a success,then a lot of persons thought it would grow to this day but it has proven them wrong.Even the governments of most countries have started using Bitcoin as their strategic reserve, that alone can tell it all how the adoption rate of Bitcoin is growing massively.I even came across a thread on the forum where banks have started advertising Bitcoin to their customers as a good investment option.So in essence if these two third parties that don't work hand in hand with Bitcoin start embracing it's potential how much more the future?in my own opinion I think it would be an impressive outcome.

Yes, Bitcoin has become too simplistic. Because the real goal of Bitcoin stays behind the current Bitcoin adoption. You may notice even government thinking to reserve Bitcoin means they consider Bitcoin as a store of value rather than a peer-to-peer payment system. But still the nature of Bitcoin exists the same as for what it was created. This isn't negative for the Bitcoin community. Because besides the real goal of Bitcoin, you are getting a benefit from that through Bitcoin investment.

We can still make borderless transactions through Bitcoin without any third party, though the Bitcoin payment system stayed behind. Because the transaction fees are pretty high, and to get confirmation, you need to wait a bit longer. This means if you buy something in real life from the physical store, you may need to wait for the transaction to be confirmed. However, I have to admit most Bitcoin investors aren't aware of the technical part of Bitcoin. Also it isn't necessary, the same as we have been using the Mobile Financial System (MFS), but we don't know the technology behind it. But at least we have to know the basic things, like protecting your privacy and funds as well.

yeah i feel the same way honestly the early crowd was super technical because bitcoin was harder to use back then and you kinda had to know what you were doing to trust it but now things are different and people only care if it works most folks using bitcoin today dont think about how it functions under the hood same way nobody cares how a car engine works or how the internet actually moves data around they just want something simple fast and safe.

as long as people learn the basics like keeping their keys safe and avoiding scams i think thats enough for regular users the deep technical stuff will always be there for the people who want to dig into it but it shouldnt be a requirement for everyone.

maybe this shift isnt a bad thing at all maybe its exactly what happens when something becomes mainstream.