Is Bitcoin too complicated for ordinary folks?

[The Golden Boy]

With mainstream media still taking an interest in Bitcoin, do you think we have lost perspective of what is important, and are there to much focus on price? or do you think we will find back to the possibility of bitcoin and blockchain?
For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/

[nightmanisrightman]

I wouldn't say it is too complicated for the average folk but I will say the conversation has been distorted as of late as to what is important and that can be harmful for bitcoin's growth long term. Us here we recognize the technology is great but it would take hours upon hours to explain that to the average person. We just need to redirect the conversation back towards blockchain and bitcoin because those technologies are what is really important here.

[Washball]

The problem is that Bitcoin is seen as an investment asset instead of a currency. Using it as a currency is still expensive and It's still slow. For the mainstream blockchain technology might be too complicated, and the focus is mainly on the high price bitcoin reached. It will take a while before Bitcoin is used as a currency.

[mitchel_am]

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

[kareninsf]

I'm an ordinary folk and don't find it too complicated to use and have a basic understanding-

[First77]

Billionaire "Warren Buffet" said "Bitcoin will end up badly".

Economists "Marc Faber" said "there will be 10,000 cryptocurrencies. The bubble will burst.

Indian Finance ministry says "Bitcoin is fraudulent scheme".

Ordinary folks must listen to the experts

[ugr_erkn92]

Bitcoin and blockchain initially seem very mixed for ordinary people. But as we read these issues and watch the videos, it becomes clear how the system works. Those who want to learn can do so, there is a lot of information available.

[nthnode404]

No, there is plenty of information out there to easily understand what Bitcoin is and does. Free sites such as youtube and https://www.weusecoins.com breaks everything into easy to understand information. Everything you need to know is there. All a person has to do is their due diligence and research and don't invest more than you can afford or are willing to lose.

[minldem]

i can be an ordinary folk and it's not seen as complicated now but months ago i felt too confused. after reading few articles and experiencing trade on exchanges on my own helped me to understand it much better. so, it is a process.

[diwataluna]

I'm not gonna pretend that as an ordinary person, I understood Bitcoin right away. I think it's like the Internet when it started. The technical details are complex, true, but can be translated to a simpler one. At the end of the day, though, the use and practicality are what matters to ordinary folks. Right now, bitcoin is not yet there. People see it as an investment rather than a future daily currency.

I believe, like the Internet, though, bitcoin will get there.

[VayneAurelius]

With mainstream media still taking an interest in Bitcoin, do you think we have lost perspective of what is important, and are there to much focus on price? or do you think we will find back to the possibility of bitcoin and blockchain?
For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/

It is not unless he or she is not going to study about it. It can be learned by ordinary people if he or she has the initiative to learn from it. We can admit that bitcoin things are complicated at first but once you already learned it, it will snowball to the smaller ideas that it has. Bitcoin can change the life of an individual, from ordinary to those who are in royal or maybe become more popular. Complicated things about bitcoin can be learned through reading articles, watching informative videos in youtube and others.

[Yatsan]

With mainstream media still taking an interest in Bitcoin, do you think we have lost perspective of what is important, and are there to much focus on price? or do you think we will find back to the possibility of bitcoin and blockchain?
For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/

It surely is. They will not believe at first that a virtual currency which is not legal to  nost of the countries has a market value that almost reached 20000 USD. Also, Bitcoin being profitable is hard to believe at first. So it proves that Bitcoin is a bit complicated to understand especially if you know norhing about digital currency and virtual currency.

[adzino]

With mainstream media still taking an interest in Bitcoin, do you think we have lost perspective of what is important, and are there to much focus on price? or do you think we will find back to the possibility of bitcoin and blockchain?
For inspiration i included my article on the matter
https://cryptoms.online/2018/01/30/is-bitcoin-too-complicated-for-ordinary-folks/

It is true that the main stream media has totally changed the perspective of what bitcoin and other crypto currencies are. People now think of the "price", the "profits" and the "loss" when they hear the word bitcoin. They are just forgetting about the true use of bitcoin and has rather become more profit oriented.

[hieuho381]

No, there is plenty of information out there to easily understand what Bitcoin is and does. Free sites such as youtube and https://www.weusecoins.com breaks everything into easy to understand information. Everything you need to know is there. All a person has to do is their due diligence and research and don't invest more than you can afford or are willing to lose.

I think it's not too complicated to find out about bitcoin if you really want to invest in it. The most basic information about blockchain technology and the technical specifications, quantity and value of bitcoin you can completely find on the internet. It is important for the newbie to invest in bitcoins when they buy bitcoin because the bitcoin value is always very volatile. Consider investing a small amount initially to learn more and then invest more in this market which is a smart investment.

[integrap]

It is not complicated for people who has programming background. But for people who has not idea about programming and money transferring system it is hard. Especially mining is too complicated for ordinary folks.

[Doni Ariyanto]

In here I will not say that bitcoin is complicated or uncomplicated for ordinary people or people. I think if we cultivate a sense of curiosity in ourselves, certainly there will be no complicated things to learn and we will gain a great understanding of our learning outcomes. The world of technology will be more advanced we have to prepare ourselves for new technology if we want to advance too.

[Fantastic33]

It can be complicated to ordinary folks that are not techie and dont have enough knowledge of using bitcoin. But if one is really interested to learn, i think it wont be that complicated.

[bitart]

It is not complicated for people who has programming background. But for people who has not idea about programming and money transferring system it is hard. Especially mining is too complicated for ordinary folks.

Ordinary folks will only care about using the cryptocurrency, like sending money via a smartphone app from one person to another. Or, they will care about the price of bitcoin, if they're trading, which is also possible on a smartphone or on an ordinary PC. Usually Average Joes don't want to learn about the technology in the background if things work as expected. Mining is the thing that ordinary folks will never try without reading a lot about it, but if they read a lot and they understand, they won't be ordinary folks after...

[Anti-Cen]

It can be complicated to ordinary folks that are not techie and dont have enough knowledge of using bitcoin. But if one is really interested to learn, i think it wont be that complicated.

Good to hear you saying that so let me give you a test and ask you to read the official Lightning Network white paper
https://lightning.network/lightning-network-paper.pdf

1. How many times is the word "Fee" or "Fees" used in the document
2. Does the document contain the terms "Savings account" and "Spending account"
3. What do they call these "things" that charge interest on money deposited in channels and also charge transaction fees.

Please be aware that the use of the word "BANK" is considered hate speech around here and must not be used in your answer  

[TimtheYoutuber]

Educational sites are getting better at adding all the information needed to really start, so I think the average person can now understand. The only issue, is that you need to spend a lot of time actually learning it which a lot of people wont. If you just read a crypto 101 blog, lots of people still wont understand it and think bitcoin is fake etc. The more and more cryptocurrency is utilized, the more reason elementary and middle schools and adopt classes around it.