Do you think the use of Bitcoin is kind of complicate?

[Kakmakr]

Anyone knows how to open a bank account? Well when you create a Bitcoin wallet on one of these online wallet providers, it's like registering on any other site. If you cannot do that, you should not be on the internet. I use online banking and Bitcoin is much easier than that for me.

To register for online banking, I first had to visit the bank and link all my accounts manually. They then have to authenticate you, so that you adhere to all of the KYC/AML rules and regulations.

The same principle apply when you register at Circle or Coindesk or BitPay or Blockchain.info etc. etc. 

[teddy5145]

Its actually lot more friendlier compared to back then,but again i never had any problem with my wallet before so i didn't really understand the techinal stuff , but if i need one i can just ask on here

[bitgolden]

Bitcoin is just like new technology. We have got familiar like phones or email. First everything looks complicated, by practice we can use any new technology very easy. Google for how to use kind of videos, it will teach you to get familiar with.

[barbara44]

Bitcoin payment system is easier to understand if we were familiar with online banking systems like paypal. But the technology behind bitcoins must be so hard to understand if we are not computer geeks.

[coinpr0n]

The stumbling block for many people are the on/off ramps to bitcoin. Wallets themselves are pretty easy, and many enforce a kind of security already. Getting bitcoin is not so easy for everyone.

[dothebeats]

I told a friend of mine about bitcoins and after a day or so, he already managed to create a simple transaction with manually inputted fee on it (0.0001). First, I explained to him how it works and what is bitcoin, then I sent him some coins to start with. The first question that he asked me is "How do I easily recognize this unintelligible strings of numbers and characters? How do I know what's mine and what is not?" I told him that the random strings of characters and numbers that he own are shown under the "receive" tab (he was using Electrum) and to be able to send some coins, he can click the "send" tab and input or paste another address that he intends to send the coins into. After he made his first transaction, I asked him what was the hardest part on using bitcoins. And his answer? "Remembering and differentiating my address from another address."

Most people don't have that good memory. 

[reRaise]

GetGems app is already one of the easiest wallets, even a kid can use it. People don't know it yet.

[maokoto]

So using banks and getting a credit card is a simple procedure? It only is if you don't read the whole complicated contract that you have to sign. Considering how it was a few years back, I do not consider using Bitcoin complicated. It might just require slightly more effort. There are pretty good (both technical and non) videos that explain Bitcoin nicely under 5 minutes. After that one must find a place to acquire Bitcoin, and I think that this is still the weak spot. Not enough ATMs and exchanges/other ways of acquiring.

For a tech savy user, using Bitcoin should be one of the simpler tasks.

I was going to write about the same thing. Credit cards are about as complicated as Bitcoin.

But Bitcoin is somehow on the obligation to simplify to offer a little more to users if it wants to attract users to himself. It has to have clear advantages over regular money for more people to use them.

[edric]

Vinny Lingham said, in Consesus 2015, the following phrase:
 " If you don't simplify the use of bitcoin, why would people want to use it as a currency?

What do you think about that, check the whole article in the following link:
http://www.coindesk.com/trust-law-enforcement-and-killer-apps-consensus-2015-morning-sessions/

I think the only real issue is the block size debate due to the amount of transactions the network could take.  Right now, credit card companies can handle a lot more than Bitcoin.  The other elephant in the room is that the central banks can't regulate Bitcoin like they can their own currencies, as much as they appreciate the idea in theory because it would allow for negative interest rates which would be perfect for the current scenario where we have a zero interest rate environment and still have deflation (deleveraging.) 

One thing that struck me in that article was this comment...

"Speaking on behalf of Visa Europe Collab, Downing – who noted bitcoin volatility was currently a key issue –.."

Why would volatility be an issue?  You get bitcoin instantly and sell it instantly?  This is what market makers and traders are for.  If they have to can they not enter into futures contracts?  Seems to me like a non-issue.  Companies do business internationally all the time and carry exchange-rate risk, in very volatile zones.  Are we supposed to think Visa isn't doing business in countries that don't experience 50%+ inflation on and annual basis in some years? 

This article shows a slide suggesting blockchain is a trillion dollar industry in securities settlements and clearing.  It's a threat to mainstream finance, but obviously the future. They are embracing with caution.

[Blawpaw]

Vinny Lingham said, in Consesus 2015, the following phrase:
 " If you don't simplify the use of bitcoin, why would people want to use it as a currency?

What do you think about that, check the whole article in the following link:
http://www.coindesk.com/trust-law-enforcement-and-killer-apps-consensus-2015-morning-sessions/

I completely agree! But as a new technology as it is bitcoin is still being developed and everyday we see new app coming out trying to simplify the use of digital currencies. bitcoin is much more easy to use now than it was 5 years ago.

[ashour]

Yes, for not tech savvy people, bitcoin is a bit complicated to use. But I think there will be user friendly bitcoin wallets for people who aren't tech savvy and still want to use bitcoin.

[RGBKey]

Bitcoin is very complicated, that's the reason why it's so secure. The easier to use we can make bitcoin, the more people will use it.

[dothebeats]

Bitcoin is very complicated, that's the reason why it's so secure. The easier to use we can make bitcoin, the more people will use it.

Bitcoin might be complicated in terms of code, but using it is not that complicated. You see, as time passes by, sending and receiving a transaction has been easier and more noob-friendly. Even an average person could do sending/receiving without having a hard time, The complication that you are talking starts when you get yourself involve in setting up a node or other tasks that involves technical and in-depth knowledge on how bitcoin works. In using money, you don't need to know how it works completely, you just need to know how  to use it in transacting.

[RGBKey]

Bitcoin is very complicated, that's the reason why it's so secure. The easier to use we can make bitcoin, the more people will use it.

Bitcoin might be complicated in terms of code, but using it is not that complicated. You see, as time passes by, sending and receiving a transaction has been easier and more noob-friendly. Even an average person could do sending/receiving without having a hard time, The complication that you are talking starts when you get yourself involve in setting up a node or other tasks that involves technical and in-depth knowledge on how bitcoin works. In using money, you don't need to know how it works completely, you just need to know how  to use it in transacting.

I do think that as we make it easier to use that it's possible we are also making it less secure and taking away features. I like full-featured clients.

[gentlemand]

The stumbling block for many people are the on/off ramps to bitcoin. Wallets themselves are pretty easy, and many enforce a kind of security already. Getting bitcoin is not so easy for everyone.

It's not complex or hard to understand. Coinbase and Circle are well designed. It is unquestionably a major hassle and giant turn off.

I can only imagine how many bog standard online sales fail because people can't be arsed to fill in their details. If they have to provide ID shit on top of that then perhaps BTC would be in the thousands if all those who gave up had persevered.

[RGBKey]

I don't think so, it's very simple.

I'm curious, what do you think is simple about it? I suppose once you take away the technology behind it, it can appear simple.

[nachoig]

The real problem is the security with Bitcoin.
All your money in a file in your computer? This isn't so secure for the common user.
Already happened and will happen again, people losing their HDDs and losing the wallets.
Bitcoin needs an easy way to educate the average joe.

That's the point. The average user has no care about computer security and backups (and never had). If they aren't even capable of creating a good password, why we should expect them to be capable of securing their bitcoins? Some months ago I saw a person accessing his bank account from a photocopy's computer!!!!

Also they don't know how to check the software they download. People downloading compromised wallets from fake websites and losing their bitcoins would start to be a very common issue.

[dothebeats]

Bitcoin is very complicated, that's the reason why it's so secure. The easier to use we can make bitcoin, the more people will use it.

Bitcoin might be complicated in terms of code, but using it is not that complicated. You see, as time passes by, sending and receiving a transaction has been easier and more noob-friendly. Even an average person could do sending/receiving without having a hard time, The complication that you are talking starts when you get yourself involve in setting up a node or other tasks that involves technical and in-depth knowledge on how bitcoin works. In using money, you don't need to know how it works completely, you just need to know how  to use it in transacting.

I do think that as we make it easier to use that it's possible we are also making it less secure and taking away features. I like full-featured clients.

SPV wallets are secure enough though it doesn't have the same functionality as the Core wallet. You can import wallets, send and receive coins just like what the core client can do, and the plus side is you don't need to download a full 40+ GB of data in your computer if you are the type that only needs spending and receiving and not running a node.

[Nobitcoin]

I found it very hard when I first started using bitcoin. Updating the blockchain on the computer was the hardest thing to do you didn't know what or if it was downloading and also typing and checking your address to make sure its correct.

[kpitti]

The average user of computer should be capable to use Bitcoins, receive and send payments. There is nothing magic and this needs to be known to public.
With example of using a creddit card. Who from people using daily credit card does understand how it works. How is secured, how transaction is confirmed etc? But it`s easy to use it and this is what we need. It`s handy.