Bitcoin isn't complicated but the fiat system is!

[Smack That Ace]

The graph says it all, fiat system is more complicated than bitcoin and I think the people are actually aware of it but they don't care. Their focus is only using fiat as a payment method, and since they're exposed on it since childhood until at the present, and 24/7, then it's not surprising that they favor fiat more than bitcoin. But wait until majority learn the basics of bitcoin, they will definitely ask theirselves why it's only now that they clearly understand bitcoin when it's never complicated at all.

We can also argue that so many people know nothing about the technical aspect of BTC, and even the basic part is still hard for a lot of people, because we still have people who overpay in tx fees, or people who underpay and have their tx stuck for weeks; there are also those who lose their funds kept in an online wallet, because they don't know what is cold storage.

Fiat system is centralized, there is a central authority in control, and traditionally people find such system easier to interact with. BTC is decentralized, you have the responsibility of doing things yourself, and majority of people find such a system more complicated.

I don't think the decentralized and centralized nature is what makes bitcoin more complicated for people as many people are still using and storing bitcoin using custodial wallets or even centralized exchanges. And if you ask them, they will still answer that using fiat currency is much simpler.

Overall, no system is simple if we go deeper into the technical part and how they work. The difference here is habits and time of use, fiat currencies have been used for hundreds of years and we have been exposed to them since childhood. Meanwhile, bitcoin has only been around for 15 years and most of us have only been exposed to them in the last few years and sporadically. So it's not surprising that people think bitcoin is more complicated.

[josgandosbro]

Bitcoin is not complicated. Without knowledge we can't easy understand the Bitcoin. Bitcoin is easy to Lear and it helpfull for the future. So before doning anything. Frist Lear it. Knowledge will be gide you. So knowledge is power of one. So lear and process the bitcoin.

[justdimin]

We can also argue that so many people know nothing about the technical aspect of BTC, and even the basic part is still hard for a lot of people, because we still have people who overpay in tx fees, or people who underpay and have their tx stuck for weeks; there are also those who lose their funds kept in an online wallet, because they don't know what is cold storage.

Fiat system is centralized, there is a central authority in control, and traditionally people find such system easier to interact with. BTC is decentralized, you have the responsibility of doing things yourself, and majority of people find such a system more complicated.

I don't think the decentralized and centralized nature is what makes bitcoin more complicated for people as many people are still using and storing bitcoin using custodial wallets or even centralized exchanges. And if you ask them, they will still answer that using fiat currency is much simpler.

Overall, no system is simple if we go deeper into the technical part and how they work. The difference here is habits and time of use, fiat currencies have been used for hundreds of years and we have been exposed to them since childhood. Meanwhile, bitcoin has only been around for 15 years and most of us have only been exposed to them in the last few years and sporadically. So it's not surprising that people think bitcoin is more complicated.

I feel like the part is that governments can't take over it is what makes it so entertaining for everyone. I get that it may not be all that great right away, but it looks like we are talking about something that is benefiting everyone so it makes everyone love it as well.

This is of course just a thought and could be different, we could be considering stuff that are changing by a large margin, we just need to make sure that things are looking decent. Think about it, bitcoin could never be touched by anyone by the majority of the public, you need to have almost everyone all together to make that work and for that reason I believe that bitcoin is far better than fiat, and it is so simple as well because it is a democracy.

[Abiky]

Good luck explaining to the average Joe:
- that when he pays with two inputs he must pay twice in fees, like when paying with two $10 bills you're charged more than when paying with a $20, oh wait...
- explain to the average Joe why he should pay the fee when his card is free
- explain that if something gets wrong with his coins there is no support number

Average Joe will not use decentralized Bitcoin, he will use still a centralized solution if he is forced to, and by then the picture for BTC will look just like the one for Fiat. Harsh and not the reality we want, but it's reality nonetheless!

Lets not forget about the mechanics of Bitcoin. Especially explaining what's written on the code, what it does, and how does it work. Fiat by itself is NOT programmable and exists in physical form. Even a kid can pay with paper money without the need for technical knowledge. With Bitcoin, not only you'd need to know which fees to set out right, but also you'd need to double-check the address you're sending the coins into, and also make sure your wallet isn't compromised.

Anyone coming from the Fiat world, will find it hard to get used to Bitcoin. At least, within the first days. Fortunately, some wallets are becoming easier to use thanks to developers' efforts on improving UI, automatically setting optimum fees based on network congestion, etc. I'm talking about on-chain BTC, of course. The Lightning Network is another story. It's only been 15 years since Bitcoin's inception, so I'd give it more time to mature. Who knows how far will mainstream adoption go in the future?