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Author Topic: Is Bitcoin too difficult to understand?  (Read 2027 times)
Indamuck
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November 05, 2018, 02:26:09 PM
 #21

It can be difficult to learn how it technically works but it doesn't matter.  Not many people know how a smartphone is put together and how it functions.  But like a smartphone, bitcoin is easy to use. I have encouraged a lot of my relatives to use bitcoin and none of them had any problem understanding how to send and receive transactions on a wallet.
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izay
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November 05, 2018, 03:23:08 PM
 #22

Introducing bitcoin to someone is really hard, specially to those who are not aware in our new technology. I have tried to explain that bitcoin is valuable to a group of people but most of them dont believe. Bitcoin is really complicated, hard to understand but once you adopt it for sure you will like and eager to have them.

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November 05, 2018, 03:26:14 PM
 #23

So I was watching "The Tonight Show Starring Jimmy Fallon" and I came across a video where Jimmy is talking about Bitcoin's Birthday  " Thank you, Bitcoin for turning 10 years today this week which is the exact amount of time it takes for someone to explain it to me what the hell Bitcoin is".
Also, I know it was meant as a joke but don't you think this explains facts in a humorous way!
I feel like the biggest problem with Bitcoin is the "understanding" of it.
What do you think?
If you want to watch the video, here's the link: https://www.youtube.com/watch?v=i3Hma8DKXS8&t=100s
(0:53----1:07)


yes if you have difficulty understanding it, especially there are many members here who really don't understand technology, especially the blockchain system.
and this almost happens to all new bounty hunters.

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November 05, 2018, 03:42:08 PM
 #24

No difficult things to understand if we are willing to understand it, yes we need a lot of times to understand something but its not the reason to say its hard to understand because if we enjoy what you are doing you dont feel the hardness of doing something, that is why for me, bitcoin is not difficult to understand

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November 05, 2018, 03:57:25 PM
 #25

For bitcoin understanding you must have some skills like if we look at the beginning crypto currencies was introduced in 2009 and from then it's life started and with out any problem it has competed in too many obstacles but due to strong image and value to the users, I have to say that bitcoin is very easy now because many sites are available through which we can gather many information regarding crypto and it is not difficult but very easy in these days.

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November 05, 2018, 04:04:19 PM
 #26

It can be difficult to learn how it technically works but it doesn't matter.  Not many people know how a smartphone is put together and how it functions.  But like a smartphone, bitcoin is easy to use. I have encouraged a lot of my relatives to use bitcoin and none of them had any problem understanding how to send and receive transactions on a wallet.
it's difficult to understand and understand if you don't know more about it and learn what I'm confused about is how bitcoin can work together or be facilitated in today's technology to fulfill daily life
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November 05, 2018, 04:15:31 PM
 #27

So I was watching "The Tonight Show Starring Jimmy Fallon" and I came across a video where Jimmy is talking about Bitcoin's Birthday  " Thank you, Bitcoin for turning 10 years today this week which is the exact amount of time it takes for someone to explain it to me what the hell Bitcoin is".
Also, I know it was meant as a joke but don't you think this explains facts in a humorous way!
I feel like the biggest problem with Bitcoin is the "understanding" of it.
What do you think?
If you want to watch the video, here's the link: https://www.youtube.com/watch?v=i3Hma8DKXS8&t=100s
(0:53----1:07)

That's correct, the majority of the people even in the crypto space doesn't know what Bitcoin is and they only know it as a money-making-machine that can turn their money to multiple times fold in short period of time and this is what they know about Bitcoin. Many people in here only know Bitcoin as a Crypto Currency but don't know what a Crypto Currency is, and what is the use of Crypto Currencies like Bitcoin and this is the reality.
Almost everyone knows Bitcoin as an investment medium especially those people that joined the crypto space when Bitcoin was skyrocketing at the late 2017 and early 2018 and most of them are here with the sole purpose to multiply their money and most of them have lost their money instead of gaining. The real problem in here is the wrong information being fed on people by those "FOMO"(Fear of missing out) spreaders and these people that spread this kind of misinformation about Bitcoin are also the people that spread "FUD"(Fear uncertainty & doubt) about Bitcoin. Most of this organize FUD and FOMO spreaders are controlled by some evil people that wanted to gain profits in an unethical way. Cheesy
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November 05, 2018, 04:32:38 PM
 #28

I think we cannot get knowledge about bitcoin if we only rely on reading, because if we only read we will find it difficult to find the flow of bitcoin. an easy way to understand it we need to use it and practice it.
and this happened to me.
shamc
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November 05, 2018, 04:44:26 PM
 #29

Although Jimmy was joking there is some truth to this. Bitcoin is easy for tech savvy people but for those that struggle with computers they should simply stick to cash and card, until lamen technology comes out

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November 05, 2018, 04:50:16 PM
 #30

I believe the question is not "if bitcoin is hard to understand". The real question is, if people willing to understand how bitcoin works other than just speculating.
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November 05, 2018, 04:56:41 PM
 #31

If you are a techy person ,understanding Bitcoin how it works is pretty simple. If you know how torrent works and P2P devices. You will easily grasp the concept of blockchain.
it is not difficult if we have learned and know right and like our own children we have to take care of the difficulties that I only have when I resist to sell even though at that time I was in need and there was no other way or solution
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November 05, 2018, 05:13:38 PM
 #32

Understanding everyone who uses bitcoin is of course different, sometimes they understand that bitcoin is only a rubbish coin, only digital coins, or just as planting their assets. We must be able to harmonize their understanding all into one common understanding, so that bitcoin is more focused and directed
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November 05, 2018, 05:31:10 PM
 #33

To understand technically how it works is difficult, and of course, most people don't understand it, as it's very specific of informatic area. But the basic necessary to use the currency is totally possible to be understood, if the person has a legit interest on it. Humor is used to explain facts in a exaggerated way, but sometimes humor is pure exaggeration, the facts stay in second plan... Probably these people who don't understand Bitcoin aren't really interested on it at all.

 
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November 05, 2018, 06:50:01 PM
 #34

I don't think it's "too difficult" to understand, it's just really complicated and tricky. It's not something you can easily Google and read in two seconds, hoping you'll understand it enough before your friend quiz you on something. If you don't have the patience to read up and on it, then it might take you ten years to understand bitcoin, and cryptocurrency in general.
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November 05, 2018, 06:59:13 PM
 #35

The blockchain technology and its technical details seem hard a bit to understand for so many people, but Bitcoin itself as a cryptocurrency and a payment method isn't really difficult to understand. People who want just to trade, hold and make money by working with Bitcoin can doing this by the minimum required knowledge.
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November 05, 2018, 07:14:44 PM
 #36

So I was watching "The Tonight Show Starring Jimmy Fallon" and I came across a video where Jimmy is talking about Bitcoin's Birthday  " Thank you, Bitcoin for turning 10 years today this week which is the exact amount of time it takes for someone to explain it to me what the hell Bitcoin is".
Also, I know it was meant as a joke but don't you think this explains facts in a humorous way!
I feel like the biggest problem with Bitcoin is the "understanding" of it.
What do you think?
If you want to watch the video, here's the link: https://www.youtube.com/watch?v=i3Hma8DKXS8&t=100s
(0:53----1:07)


yes if you have difficulty understanding it, especially there are many members here who really don't understand technology, especially the blockchain system.
and this almost happens to all new bounty hunters.
it's really true because in my opinion it's also difficult to understand is my blockchain technology, because most people here who still don't understand are how to use it and the system too

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November 05, 2018, 08:33:42 PM
 #37

Understanding everyone who uses bitcoin is of course different, sometimes they understand that bitcoin is only a rubbish coin, only digital coins, or just as planting their assets. We must be able to harmonize their understanding all into one common understanding, so that bitcoin is more focused and directed

I am totally agree with you,  Yes its depend on people what is their understanding about bitcoin. We are using Bit oin for more than a years but the understanding or the meaning of bitcoin is still broad because of the sharing knowledge and a point of view or opinion of other people. As time goes by, many senior bitcoiner are still searching for an accurate information about bitcoin.

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November 05, 2018, 08:41:14 PM
 #38

i think only tech geek will understand full feature of bitcoin, but for basic function like sending or recieving bitcoin i think ordinary people will understand after a week of testing, with many 3rd party wallets out there, sending and recieving bitcoin be more easy to do
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November 05, 2018, 08:47:02 PM
 #39

For me no, bitcoin is not difficult to understand as long you know how to seek information. It is up to the person how they find ways to gain more knowledge. There are time that we cannot understand clearly all which needs action to it.

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November 05, 2018, 09:28:24 PM
 #40

If you really want to understand and know bitcoin its  easy for you. You will not mind those  issues about bitcoin and not be affected. Every decisions in your life is depends on you. Its you who wil decide whats the best for you so if you really want bitcoin  you will find ways to to learn it.
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