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Author Topic: BTC currency unit is too complicated to accepted widely.  (Read 235 times)
alizalela7
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August 20, 2018, 01:16:19 PM
 #21

I think digital bitcoin has a lot of small currencies that can be traded and exchanged. Bitcoin features can help traders to trade.
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August 20, 2018, 01:18:34 PM
 #22

I notice when i explain "what is bitcoin and how bitcoin will become the huge payment system" to my wife(who didnt know anything about bitcoin). Then she states something that i want to share. Its from newbie in cryptos yet experienced in bank economic.

Do you think bitcoin wont be accepted with so many zeros in BTC or satoshi unit? For the price to be used in daily payment. BTC is so complicated to understand widely. Think this with a point of very low degree of education.

I think we need to invent something more stupid-free in btc currency unit.
Kindly share your thoughts. 😊

Yep, for now we can't use Bitcoin in any kind of payment system (but there are some) because of its price votality, but I know that someday it will have a state of usefulness in someway that we could finally use that as a payment method.

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August 20, 2018, 01:21:29 PM
 #23

I notice when i explain "what is bitcoin and how bitcoin will become the huge payment system" to my wife(who didnt know anything about bitcoin). Then she states something that i want to share. Its from newbie in cryptos yet experienced in bank economic.

Do you think bitcoin wont be accepted with so many zeros in BTC or satoshi unit? For the price to be used in daily payment. BTC is so complicated to understand widely. Think this with a point of very low degree of education.

I think we need to invent something more stupid-free in btc currency unit.
Kindly share your thoughts. 😊

Yes it is.
It's hard to tell to the people who don't have basic in IT, they will say bitcoin is a scam and a unvaluable thing.
But, as a futurist, we know bitcoin will have a bright future

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August 20, 2018, 01:25:49 PM
 #24

People don't have to understand BTC to be able to use it.  How many people really know how their phone works, how the internet works, or the engineering of their own car.  Anyways, I think bitcoin is really easy to use for a first timer, I had no problems showing my family members how to make bitcoin transactions.

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August 20, 2018, 01:33:53 PM
 #25

It's better to use satoshis or sats for me. It is close to the fiat currency way of reading. I feel accurate with it.


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August 20, 2018, 01:35:36 PM
 #26

Not really, it's not too complicated to use. We can, for example, use the traditional currency used by people for trading, with the value printed on the currency equivalent to the commodities to be converted. While there is a lot of ignorance about the stock market or the origins of paper money. However, it is still used 100% in transactions. Your reasons are not convincing. The problem here is that Bitcoin is decentralized and anonymous, which can be exploited by bad guys for fraudulent purposes, money laundering, etc. So it's very difficult to manage, because Some countries have enacted laws prohibiting the transaction and possession of Bitcoin, so Bitcoin can not be used extensively. Besides, Bitcoin prices are still low, so it's time to get used to it.
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August 20, 2018, 01:36:06 PM
 #27

At first it is complicated like me as a newbie it is complicated but if you're willing to learn how it works, you will research,study, and through this site bitcointalk it will help a lot.
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August 20, 2018, 01:38:27 PM
 #28

What is it on bitcoin that is hard to understand? The digits is not a problem. You can also buy stocks that are in more than two decimals. Including in forex. Bitcoin should be easy once explained well. It is just the some people do not want to understand it and are not interested because of its decentralized nature which is actually perfect to make everything honest black and white.

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August 20, 2018, 01:41:33 PM
 #29

It's complicated but won't be accepted from a different reason. In my opinion the price volatility plays the biggest role here. We need stable currencies to purchase items.
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August 20, 2018, 01:43:01 PM
 #30

i agree with you on this. bitcoin seems complicated for most people but i believe if we continue to create the awareness through seminars and all that we will be able to make people understand both its ideology and usage.
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August 20, 2018, 01:43:19 PM
 #31

I notice when i explain "what is bitcoin and how bitcoin will become the huge payment system" to my wife(who didnt know anything about bitcoin). Then she states something that i want to share. Its from newbie in cryptos yet experienced in bank economic.

Do you think bitcoin wont be accepted with so many zeros in BTC or satoshi unit? For the price to be used in daily payment. BTC is so complicated to understand widely. Think this with a point of very low degree of education.

I think we need to invent something more stupid-free in btc currency unit.
Kindly share your thoughts. 😊

yes i agree with you
too many 0 behind the unit
it makes it difficult to adopt
especially for people who don't really understand technology
and most of them do not want to be complicated when sending money

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August 20, 2018, 01:59:42 PM
 #32

I think we need an application or platform that can support every transaction with satoshi values.

this is very complicated, but this innovation will create a good response in the future, and of course, we are waiting for the public to be ready to accept digital currency innovation with all its perfect features.

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August 20, 2018, 02:04:50 PM
 #33

I do not see it that way, because in fact our current financial system seems even more difficult to understand than Bitcoin due to the large number of fallacies, abuses and deceptions on which it is based, and still people do not seem to have any problem when it comes to using fiat money.

I think sometimes we forget that to use cryptocurrencies you do not need to be an expert in digital technology, just as we do not need to be experts in communications to properly use a smartphone, or bankers to use a credit card.
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August 20, 2018, 05:00:02 PM
 #34


nowadays people don't even want to understand how things work, they are only using them. it is the consumerism at its best and you can't do anything about it. for instance when buying something you don't care if it has no zeros or hundred zeros in front of it, you don't also care how bitcoin works you just point your phone at that picture which you may not even know is called a QR code and click confirm and make the payment. or if you are on PC then you just click on a link and the payment happens after you confirm it in your wallet.

Thank you!. System like link and QR code is absolutely become a solution when we want to buy/sell something over btc. Also using a wallet platform that convert cryptos into Fiat currencies with realtime would become handy.
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August 20, 2018, 05:20:01 PM
 #35

Bitcoin unit is not complected. But bitcoin unit promotion are very few. For this reason so many people are fall in little confusion. But other side its play very big role its keep bitcoin really good and strong.

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August 20, 2018, 05:31:53 PM
 #36

If a person has money in a Bank account and spends it.He does not need to delve into the economy of the country,he does not need to know how to make money.He just takes and spends his money.The same is with bitcoin.People do not have to delve into blockchain technology to own a cryptocurrency.

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August 21, 2018, 07:56:16 AM
 #37

Almost anything can seem complicated at the start but with perseverance and dedication
anything can be mastered. All people need to know is the value of 0.00000001 for example
And how a wallet works for sending and receiving payments.
And i guess that this is really much easy for them to understand. Nothing comes out of no hardwork and peoples really need to learn how bitcoins work and where the transactions take place. This is what is much vital in terms of bitcoins.

Sending and recieving bitcoins is also a way easy but understanding the transactions is a bit difficult and if a individual learns to manage it, he would surely also learn the amount of 1 satoshi and would never make any mistake. A single "0" can matter a lot in bitcoins and hope that everyone gets it cleared.

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September 22, 2018, 03:30:55 PM
 #38

Yes, because if they accept bitcoin it will not complicated, i don't know why until not many countries not accepted to bitcoin, bitcoin gave us money for the some financial in our life and also gave extra income but government very difficult to understand what is a currency and what is the benefits of that to everyone.
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September 22, 2018, 03:45:26 PM
 #39

I notice when i explain "what is bitcoin and how bitcoin will become the huge payment system" to my wife(who didnt know anything about bitcoin). Then she states something that i want to share. Its from newbie in cryptos yet experienced in bank economic.

Do you think bitcoin wont be accepted with so many zeros in BTC or satoshi unit? For the price to be used in daily payment. BTC is so complicated to understand widely. Think this with a point of very low degree of education.

You have a point. However, you cite you one example and I think most of us can relate to this. When I was starting in my bitcoin journey, I was also confused, I also make a lot of mistakes. But as I explore more and understand how it works, I got the feel of it. What I'm trying to say is that it could be hard in the beginning, but as you familiarized with the terms and the 0's and satoshi's and 0.01BTC, its gonna be easy and its not complicated as others have been portraying it for years.

I think we need to invent something more stupid-free in btc currency unit.
Kindly share your thoughts. 😊

Nope. Bitcoin is fine.

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September 22, 2018, 03:57:18 PM
 #40

The decimals is not the big barrier to the bitcoin acceptance but people can use the other parts like micro bitcoins like that but when the system got adopted then they will get familiar with that so it is not going to be a big problem.

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