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Author Topic: Is cryptocurrency so difficult to understand  (Read 7150 times)
rosemary4u
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September 20, 2018, 08:12:50 PM
 #761

Crypto is a bit complex for a lay person to easily understand. You can make it difficult depending on how you approach the concepts. The best way is by assessing  the prior knowledge of the individuals that you are dealing with. After you have explored their knowledge, the next thing to do is to  explain the basis of blockchain technology and why it was introduced, after which you can explain how  and why bitcoin or any other crypto was created.
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September 20, 2018, 08:18:57 PM
 #762

Nothing is impossible in this world. you can say that it is difficult to learn as it is very complicated field but its very interesting as well once you start to understand it. Once you will indulge yourself in it you will love it.
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September 20, 2018, 08:20:45 PM
 #763

Technical part is hard to understand, but users do not have to know it. Few posts about cryptocurrency will make using clear.

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September 20, 2018, 08:59:11 PM
 #764

Crypto is a bit complex for a lay person to easily understand. You can make it difficult depending on how you approach the concepts. The best way is by assessing  the prior knowledge of the individuals that you are dealing with. After you have explored their knowledge, the next thing to do is to  explain the basis of blockchain technology and why it was introduced, after which you can explain how  and why bitcoin or any other crypto was created.

You don't have to be a rocket scientist to understand how the blockchain and cryptocurrencies work. You also don't need to understand the inner workings of cryptocurrencies to use them. My grandma has no clue about how the internet works, but she is a pro at sending emails and using facebook. The same applies to cryptocurrencies as well.


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September 20, 2018, 09:03:48 PM
 #765

I believe a simple illustration can be initiated from what is already existing such as the currency and then the role of encryption, transactions and in all the base of the block chain technology. The technological part can be somewhat abstract but taking a cue from what has pre existed before now makes it easy to explain.
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September 20, 2018, 10:00:07 PM
 #766

if we really want to learn about cryptocurrency then we will quickly understand it, you have to make the person you want
to teach interested to learn and understand about crypto, then teach slowly so that it will be easy to remember

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September 20, 2018, 10:03:27 PM
 #767


 Cryptos are as much complicated as emailing. When you email, do you worry about POP3 SMTP IMAP protocols? Or do you  just loging, write, and send? Same thing with cryptos. They need to become an abstraction layer for user for it to be adopted
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September 20, 2018, 10:05:11 PM
 #768

At first I was terel to understand the cryptocurrency, as it was a completely new field of activity for me, but gradually I got involved and it became more interesting for me to do it. And now I can not imagine a day without news about bitcoin.

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September 20, 2018, 10:23:17 PM
 #769

Understand bitcoin is really not so easy, but it is only at first glance. It is necessary to devote a lot of time to this, to study sites, forums, information channels, and it will become a little easier for you to understand bitcoin.

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September 20, 2018, 10:25:47 PM
 #770

Crypto currency is a very valuable asset, and for some people it is very difficult to understand the performance of a blockchain system from crypto currencies, but often you search for information from forums or through other internet media, I'm sure you will understand for yourself and will benefitif you enter the currency field crypto.if you are a broad reader and very interested in technology. the more we read the better we will understand the market and we will know how to deal with all risks .
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September 20, 2018, 10:27:47 PM
 #771

It takes time, but when you do understand it, you will be mindblown by it's elegance.
Check "Andreas Antonopoulos" videos on Youtube. He really is the guy when it comes to explain Bitcoin in easy ways. Smiley
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September 20, 2018, 10:33:29 PM
 #772

cryptocurrency so difficult to understand for those who want to learn code, quite easy for people just have to use! The most important thing is how to secure your private key!

It is very difficult to be understood only by those people who do not want to understand it. When you have a keen desire to be involved in the crypto, you will learn it fast.

And you might learn it wrong too when you try to learn it fast. I found that the best way to approach the learning curve of the crypto economy is to learn it slow because there indeed lies difficult areas to comprehend.

It would not take a scientist to understand cryptocurrency of course, but a grade 5 student would not really understand bitcoin easily. Even the explanation as to how bitcoin works is a hurdle to overcome.
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September 21, 2018, 12:58:21 PM
 #773

people just aren't ready to take the time to learn the technology that can change your life
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September 21, 2018, 01:19:51 PM
 #774

I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.


 Maybe for some people it will be difficult to understand bitcoin or cryptocurrencies because  of many reasons including maybe they are  Close minded or just don't want to understand bitcoin or cryptocurrencies already.  Maybe some people can understand it in one go but there are only a few of them 
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September 21, 2018, 01:21:24 PM
 #775

For begginers like me, I accept the reality that Cryptocurrency is difficult to understand.We need a deeper knowledge on what cryptocurrency all about to understand crypto world now.
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September 21, 2018, 01:22:55 PM
 #776

I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.

It's a little difficult for crypto beginners. But if anyone teaches or tells what crypto currency might be easier. Because there are people who know and tell us more.
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September 21, 2018, 01:24:56 PM
 #777

I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.

Wow, I was surprised with what OP is doing. Is it for the benefit of nothing or are you promoting a coin? As per the books, I have read, the best way to sell is to actually focus on the idea, not about the product itself. Give them ideas of how are they going to benefit about the product, always wear their shoes.
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September 21, 2018, 01:28:02 PM
 #778

I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.

Its not about difficulties...But you need to be in this world for sometime to understand this cryptocurrency...The more you will be in the world the more you will get to know about crypto...Means the more you experience,the more you will get to know about it.
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September 21, 2018, 01:32:25 PM
 #779

it is actually easy to understand if people are technically knowledgable and open minded to big changes and high risk similarly to this. but I think it would be easier if we let out achievements speak for what we are fighting for.



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September 21, 2018, 01:36:47 PM
 #780

I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.

I would say the practice is probably a good way to make people understand, Look at Andreas, he is always trying this in his speech.

If we look at history and how we adopted new currencies we see an exponential evolution.

The first ones using an object as the value of exchange was the birds.
  And the first thing to trade was sex.

Well, from barter to gold (first new currency)
It took over 5000 years to be adopted worldwide. ( Think about the face from a Farmar who instead of getting tomatoes for he`s potatoes get a golden stone!!)

Then, Someone says... No, No, Gold is not appropriated, let's use PAPER money, a so we evolved to what we know now. ( took over 500 years)

Then the Plastic Money appears, This is still in adoption, for more than 50 years.

So, About Bitcoin, we need some fresh generations with agile fingers with Pcs a mobile to get old.

Well, no one knows, but I think it might take a while still...

good day.

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