Why is Bitcoin difficult to understand?

[leonellak]

You compare it to TCP/IP which is not right. It is more of fiance combined with tech and one can easily learn about it with just some efforts.

[DJ_Rick]

I don't think it is difficult to understand. For many users, the concept of "crypto-currency" is equivalent to the word "bitcoin". Partly they are right. However, we need to clarify that Bitcoin is one of many crypto-currencies. A great number of crypto-currencies originated from basic ones

[veejay2716]

Actually bitcoin is not difficult to understand, because if you want to learned something and you want to earned also then there is no hardships for you to do, you will look for everything just to learned.

[selivanb]

I have very little interest in stocks and other financial investments. But I find crypto interesting and was able to understand it easily.

[Mia Wallace]

Bitcoin is a new form of economy in connection with the modern technology. Bitcoin has the specific characteristics and qualities but the beneficiaries should aware the in and out of it.For availing the benefits of the bitcoin the operator must have the minimum required computer.literacy .Among the global community a very few percentage of people  are only able to handle the computer operation.so as to deal with bitcoin.So the governments should focus to educate  their people otherwise it will be difficult to understand about bitcoin.

[Farma]

Bitcoin is a new form of economy in connection with the modern technology. Bitcoin has the specific characteristics and qualities but the beneficiaries should aware the in and out of it.For availing the benefits of the bitcoin the operator must have the minimum required computer.literacy .Among the global community a very few percentage of people  are only able to handle the computer operation.so as to deal with bitcoin.So the governments should focus to educate  their people otherwise it will be difficult to understand about bitcoin.

I think, so widespread this technology, even to this day I do not really understand how the working system of cryptocurrency. well, but I know that this is a great technology to browse, so I will continue to learn in this regard. I think there are still so many people like me.

[abiola1]

You need to teach yourself on the off chance that you truly need to realize what is Bitcoin and how it functions. There are a considerable measure of instructional recordings on YouTube, news articles from the web, there are extremely useful.

[Andrew S]

You need to teach yourself on the off chance that you truly need to realize what is Bitcoin and how it functions. There are a considerable measure of instructional recordings on YouTube, news articles from the web, there are extremely useful.

But I do not think so.  Not all YouTube videos allow you to correctly understand the essence of bitcoin.

[sneeze11]

If you look at it as Currency, it is difficult for an average person to understand it because it is different.
Bitcoin, being a different kind of a digital currency, it breaks down conventional thinking in many aspects. No central regulatory body. The concept of mining. The open-ledger (blockchain), the way miners are rewarded, how transporting value is determined by its packet size and not value, the hash rate, the concept of limited supply. The 100 Million pennies in a Bitcoin, etc.
Its difficult enough for people in the money space to thoroughly understand Bitcoin (we all say we understand it, but do we really?).
For a common person, its an overkill. Its like trying to explain the concept of TCP/IP, Networking, Routing, the Internet for someone who wants to use email.  Overkill.

Bitcoin is different to understand because there are so many process here before you can work or you can get the money you earn. Actually in bounty campaign or signature campaign you will get your token in a long time but there's so many process just like you need to change it to real money.

[normanderecho]

I think its difficult to understand because bitcoin is a new currency and bitcoin is defference in fiat money or other investment and bitcoin is not so popular in every country so that people did not have a idea about bitcoin or cryptocurrency but if people hard to study bitcoin i think people understand it.

[jessica2020]

I think the hardest thing to understand in bitcoin is how it all works. But if you are interested and determined to learn about crypto, you should learn to understand and make your knowledge larger. You have to be open minded in bitcoin.

[bardadymr]

Because this is a new technology in which you need to figure out the end

[bitterdog]

I think the reason why bitcoin is hard to understand is because there are many other components in bitcoin that have to be understood when we are learning bitcoin. Bitcoin is beneficial but in the other side its also complex too.

[faithofb]

Not difficult to learn,  you only need to commit yourself and it will be easy

[Jimrch]

It is not that difficult, maybe others just do not seriously taking this technology that's why it's difficult for them. If they will just concentrate on learning things about this currency maybe it will become easier for them.

[Dreamchaser21]

You need to teach yourself on the off chance that you truly need to realize what is Bitcoin and how it functions. There are a considerable measure of instructional recordings on YouTube, news articles from the web, there are extremely useful.

But I do not think so.  Not all YouTube videos allow you to correctly understand the essence of bitcoin.

If you think youtube is not enough then find other way! Don’t just give up easily, there’s a lot of ways to learn more about this market. Those who make effort to understand bitcoin will succeed in the long run, its hard but it still worth it for sure.

[iagyei259]

Is unfortunate bitcoin is tag as scam and illegal by some people and has allowed average Joe to interact with it. Bitcoin is a complex business for higher intellectual. That's why it seem difficult for average man

[nazarova]

Who says bitcoins are hard to understand ? There are teenagers who are investing and making millions in profit.

[Marcommaso]

Well, common people don't know anything about the basic of economy. They're so naturalized with the concept of money that maybe, when they see the papers, think of some intrinsic value on it. Furthermore, banks are a more or less trusted institute which give thrust to traditional money. Bitcoin its a new kind of value. If the decentralized nature could be seen as big advantage by us, for noob or totally stranger to cryptoworld it could be an unstable variable, difficult to understand. A common question is: "why something which not exist has a value? and why it rise or dig so fast?". I think more intense information is needed through traditional media, out of specialized places like BCT, to spread basic principle of traditional economy and cryptovalues.

[jamota]

This is the uniqueness of bitcoin, so that the fans are more curious. Behind the mystery is difficult to understand, stored value so great. So in the pursuit of the traders.