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Author Topic: Is Bitcoin too complicated for ordinary folks?  (Read 2300 times)
budakjawa
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April 26, 2018, 03:29:03 AM
 #201

ordinary people only care about using cryptocurrency, such as sending money through a smartphone app dar. Or, they will care about the price of bitcoin, whether they trade, that is also possible on a smartphone or PC.  they should at least be more learning again karen bitcoin transactions can be used to beberaa activities and it can benefit you.

Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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raidarksword
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April 26, 2018, 03:29:10 AM
 #202

You don't have to be a rocket scientist or an astronaut to be able deeply understands bitcoin. Its not that complicated if you are willing to learn and adapt bitcoin in your daily lives. Internet and google are there to help you out in case of trouble you may facing. Forum as well is great help to deeply understands bitcoin.

atutay
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April 26, 2018, 03:32:16 AM
 #203

Yes. Bitcoin is somehow complicated to ordinary folks especially those who are not really tech-savvy. However, with a little bit of research and reading, everything can be learned and if they are really interested to learn it. Just yesterday, I talked to someone who want to know more about bitcoin because they have a business which sells laptops and PC peripherals. They are open to try bitcoin as a new mode of payment, which is a good move  because it is an opportunity for them as the first seller to accept bitcoin as a payment.
Ampong2121
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April 26, 2018, 03:33:57 AM
 #204

For me no because ordinary people should do their part to know more about bitcoin so that if they go to the field of cryptocurrencies they have knowledge on how to use bitcoin. If you know how to understand very fast then you can use bitcoin, just be careful because there are many scam site that will get your information or account and will get all your money in to your waller.
popolite11
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April 26, 2018, 10:30:40 AM
 #205

Everyone can learn bitcoin and any other crypto currency. No people can learn something if you teach them well. Example of this is myself. I am an ordinary person. I am a graduate in high school only so you can consider me as an ordinary person, but I learn. It is just the interest of a person.

When you have a desire to learn more about the cryptocurrency and when you are ready to spend hours to get the information about Bitcoins, I do not see it will seem to you something like a complicated task.
Bastok
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April 26, 2018, 10:38:11 AM
 #206

Take time to learn about bitcoin and it won't seem complicate for you even if you are an ordinary folk. It takes time to learn about new things



There is no complicated if you dont want to complicate it. Before you start to invest bitcoin you have to do research, learn about bitcoin or crytocurrency specially if you are an ordinary folks. It will only complicate if you have lots of excuses to entertain with.
charlemagne_15
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April 26, 2018, 10:47:49 AM
 #207

Take time to learn about bitcoin and it won't seem complicate for you even if you are an ordinary folk. It takes time to learn about new things

Absolutely ! Nothing is complicated for someone who are willing to learn something. It is indeed bitcoin takes a lot of time and effort to fully analyze but in the end it will be worth it. Being an ordinary folks isn't a hindrance to know the bitcoin well. All you have to do and have are an understanding ability and willingness to progress in the said topic. Most of the bitcoiners are an ordinary people and all of them are now pro in this.

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bitfocus
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April 26, 2018, 10:48:55 AM
 #208

we use paper money every day, do we know every single detail about how it was printed and with what elements? we use banking everyday, do we know the ecrryption type they use? answers are - NO.

if you want to use Bitcoin as a currency - just use it as another medioum on exchange.
if you want to use Bitcoin as an investment - treat it as another instruement of investment

easy!
Coleth
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April 26, 2018, 10:58:57 AM
 #209

Yes indeed it is very complicated for ordinary folks especially if they don't go for social media so they are not exposed into advance technologies that is why it is very hard to teach or to educate them about altcoins/ bitcoin. It takes a lot of patience to teach then.
emath7
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April 26, 2018, 11:22:41 AM
 #210

   There is a lot of information about Bitcoin. Everybody says something. There are people who see it as a new currency. There are people who see it as being. Both can be true. But there is a truth. You do not have to spend hours researching this fact. Bitcoin is a payment type. People are shopping now. Credit card, cash, money order, etc. they are using them. It will only be a payment method for shoppers. He will use bitcoin instead of dollars.
   But I do not think it's about the payment method. It's very different. Bitcoin and blockchain will change our lives. The concept of the Internet is being built from scratch. It's the same with Blockchain technology for the first time in space. A whole new world is being formed. I do not think we should deal with Bitcoin's physical condition. His technology is much different.
Ruffian14
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April 26, 2018, 11:23:00 AM
 #211

It depends on how you will explain on people who don't have any knowledge about bitcoin or cryptocurrency. Im pretty sure that they will understand you if you explain it on the simplest way like not using bitcoin terminologies at first because they wont remember it very easily so I suggest that tell it in layman's term. Bitcoin is not very complicated even if you tell it to an ordinary folks because it is just another currency which can be used digitally.

Ahimoth
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April 26, 2018, 11:26:24 AM
 #212

It depends on how you will explain on people who don't have any knowledge about bitcoin or cryptocurrency. Im pretty sure that they will understand you if you explain it on the simplest way like not using bitcoin terminologies at first because they wont remember it very easily so I suggest that tell it in layman's term. Bitcoin is not very complicated even if you tell it to an ordinary folks because it is just another currency which can be used digitally.

There are some parts that will be easy for some to understand but some things will take time for them to grasp. If you have basic knowledge about investments, stock, and the like you will be able to grasp somehow. Buth there are some technicalities that will take time for some  to absorb.
Biso
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April 26, 2018, 11:30:48 AM
 #213

People are so showered about prices fluctuations of the BTC that they do not take the time to read about the technology behind it. All they have to do is read, watch or listen to material about the matter. I honestly think they think they are not concerned. That this is a thing of financial markets and if they turn away from it, it will not affect them
Athenakim.22
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April 26, 2018, 11:35:05 AM
 #214

For me it is no, because ordinary folks is not hard to teach and understand about Bitcoin, they just need to learn the basics of bitcoin and how it works. I believe in saying that everything can learn and experience is the best teacher. Also, Bitcoin is for everyone.
Dikpora77
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April 26, 2018, 11:44:50 AM
 #215

It depends on how you will explain on people who don't have any knowledge about bitcoin or cryptocurrency. Im pretty sure that they will understand you if you explain it on the simplest way like not using bitcoin terminologies at first because they wont remember it very easily so I suggest that tell it in layman's term. Bitcoin is not very complicated even if you tell it to an ordinary folks because it is just another currency which can be used digitally.

There are some parts that will be easy for some to understand but some things will take time for them to grasp. If you have basic knowledge about investments, stock, and the like you will be able to grasp somehow. Buth there are some technicalities that will take time for some  to absorb.
it should be pretty easy to introduce bitcoin and cryptocurrency to the comman people, because now there are so many videos about bitcoin explanation and also cryptocurrency on youtube that is easy to digest and understand.

KangminT
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April 26, 2018, 12:01:41 PM
 #216

Blockchain technology is the foundation. so simple Kiss
Craigjohnstone
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April 26, 2018, 12:07:20 PM
 #217

That’s a difficult question because if you ask people in a forum that have basic to intermediate knowledge of bitcoin, they will say it’s not complicated for the average joe. Ask a forum with “average joes” they will find it complicated until they are educated.
Robertqueen2
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April 26, 2018, 12:11:11 PM
 #218



That's for sure, Bitcoin is not something easy to conceive, especially for ordinary people. The majority of people, at present, depends on social media as the main source of information. Regarding Bitcoin, social media hasn't played a positive role in introducing the real fact about Bitcoin, except some of them, of course.





blockchainwriters
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April 26, 2018, 12:18:22 PM
 #219

Yes Bitcoin is complicated for ordinary folks they may nt understand in first go they should repeatedly study the news and videos and market to understand the basic subject
Helex
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April 26, 2018, 12:28:52 PM
 #220

Yeah, seems so. Even if people have Bitcoins or other cryptocurrency, they seem to not care about security until something bad happens.

And when it happens people think, crypto is bad.
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