Why is Bitcoin difficult to understand?

[Maxson]

There is not difficulties in understanding bitcoin, people only fear the transactions that involves there fiat currencies in purchase of bitcoin or other cryptocurrency, that scary act make a lot of persons keep of from knowing the details.

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[setsuna_gray26]

Its not that difficult. bitcoin is plain and simple.

Bitcoin is the name of the token created under his block - chain

Block - chain is the name of the technology used to store transaction data of all bitcoin tokens.

In short, block-chain is an online ledger of transactions accessible for all people. It is irreversible.

Yeah, bitcoin is not just as difficult than we thought ago, bitcoin is not a broad topic but bitcoin is very simple and we can learn what is bitcoin easily, but the thing is how it works and how you can earn it is a much harder task to do.

[Lorin]

For me yes specially when you dont have knowledge about it unless they really want to know. And also it affects the different negative news about bitcoin. Sometimes those news that they heard are the one where they believe first.

[delightme]

from my own view i think bitcoin difficult to understand because it is a the first  coin  digital and some people find it so difficult to understand.

[queenlaurel]

I don't think it difficult, what I think is that one needs interest to be able to deal in Bitcoin. The quest to know more and trade will also make it easy to understand. If you are the type that likes to trade then Bitcoin should be easy.

[tanginamoo]

As for my own perspective, I think some people find bitcoin difficult yo understand because the bitcoin itself is unfamiliar and new to us and maybe they are not ready for the change so they cannot fully understand it.

[fillippone]

Sorry if i am late in the discussion and maybe I restate the obvious or something has aldready been said (i browsed quickly on the thread and didn't see anything btw).

Bitcoin is difficult because it is something at the intersection of four very different topics:

1. Monetary theory
2. Game Theory
3. Distributed computing
4. Cryptography

I thin a dozen people can understand the 4 topics with the full required details, a hundred 3 out of four, a few thousands two, and manw thousands just one of the four.
Note that each field is necessary fo fully understand bitcoin, and the lack of each of them deeply change the matter.
Of course say I am a cryptographer: I will tend to interpret bitcoin in a very different manner than an Austrian Monethariss, being the opbject exactely the same.
So, Bitcoin is difficult because it IS difficult, actually one of the most difficult topics right now (that's why i think there is a so high concentration of brain power, money, and efforts pouring in this industry).

My two cents,
Filippone

PS. my 10th post, looking for merit as a way to understand how to contribute to this community...
 

[Lalafell]

Bitcoin is definitely not for everyone. Bitcoin is kind of hard to explain to people who are not inclined to technology, especially old people. Not to generalize, but people who are not into technology may also not be interested in studying bitcoin. It’s hard to explain anything to someone who is not really interested. Some people also have negative views regarding bitcoin which makes them skeptical about it. Bitcoin is not hard to understand, I think it depends on the interest of the person to understand it.

Yes, I agree in your opinion bitcoin is not for everyone, especially to people in very low common sense a illiterate , like my land lady she always say that bitcoin is illegal, scam she always see the negative views, its hard to explain her about bitcoin .

[prediction on bush]

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.

I think bitcoin is not difficult to understand if you really want to learn bitcoin you can read a articles in websites also you can read here in this forum and there are so many ways to understand bitcoin if you want really want to understand it.

[markslayer23]

Since I am starting to know bitcoin and cryptocurrency yes, it is very difficult to understand if you don't know the process and the meaning of it and when no one is guiding you. The first question coming up in your mind is what is digital currency and how to use this cryptocurrency thing. But lately I give myself a research and reading about blockchain and now I understand slowly that digital currency is more easier to make transactions through paying and sending money and also you can earn and get a profit of these crypto coins.

[elwiswoodie]

yes, the majority of people are only concerned with the price of BTC alone, without knowing that the technology behind Biitcoin, the blockchain is very powerful
even Jack Ma once said, that blockchain will revolutionize the world and Bitcoin will become Bubble

[cutecute]

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 difficult to understand because if it is easy I think there are so many toxic people that will also work here. There are so many process before you can work here so that they can see that if you make a research that's the time that you will say that you are interested to it

[MDIPANJAN]

Actually it's quite correct that it's hard to understand Bitcoin, One day when I begin to start thinking
I've learned something about it and the next day it proves me wrong and shows me i've so many things
to learn about it.
I'm doing my due research on bitcoin and trying to understand it better not completely though.

[iotarocket]

I think part of why it's so hard to understand is that the infrastructure is just being built for scaling, and when software is relatively new it tends not to be so user-friendly. It's merely a step beyond proof of concept - speaking of cryptocurrencies generally.

[reyanshbasu]

Everything becomes easier if we put the time to study and to learn, like in Bitcoin before investing we need to have an idea of what it is. It's not difficult to understand because there are so many ways to get on it like viewing on youtube, searching google what is bitcoin and how it works. But its really true, I read some comments that bitcoin is not for all mostly for those negative mind.

[crossabdd]

what is bitcoin.? I think it will mean a lot in this one question. but in essence they want to say that it is a digital currency. but how can it be useful.? few people understand that. because I myself also don't really understand about the inside of bitcoin. blockchain is something complicated to decipher. and can't be understood by ordinary people. and at the core of most people. bitcoin is a fiat moneymaker.

[anume123]

During my time of bitcoin for almost three years I've got much to understand about it but I think you just need to read it in the forum and you will learn more about rules and how to earn tokens to become a money.

[MedicineVNT]

Bitcoin makes the swimmers because bitcoin is the advent of modern digital technology that fits into the same investment market as investing in the real estate market but they are more modern

[CryptoGamblingSites]

Bitcoin is harder to understand because most people don't grow up knowing "where money comes from" or the politics involved in creating money.

Unless someone is willing to actually understand that, they won't "get" bitcoin or what problems it is solving.

Then you have different economies around the world that want to make bitcoin "work" within their current economy and financial systems easily. This is where the local media helps the governments, that don't want their citizens controlling their own money, believe that bitcoin is a scam.

If people just stuck to the basics with others when they don't know about bitcoin... stop talking about the price, it would be much easier for everyone. The non-believers don't NEED to believe in or buy bitcoin, if they want to know WHY some countries and some people see value in bitcoin then that is all they NEED to know when discussing bitcoin.

The world will catch up eventually, all the noise before the masses adopt is just a waste of time.

[jassanpary]

Everything becomes easier if we put the time to study and to learn, like in Bitcoin before investing we need to have an idea of what it is. It's not difficult to understand because there are so many ways to get on it like viewing on youtube, searching google what is bitcoin and how it works. But its really true, I read some comments that bitcoin is not for all mostly for those negative mind.

Yes I would also think that to understand the bitcoin is nkt a difficult task, first do the ground work means elementary study of bitcoin is necessary, once if we go through that then it would be easy to understand and also to follow the bitcoin and many are successful by doing so.