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Author Topic: Is Bitcoin too difficult to understand?  (Read 2029 times)
carlisle1
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November 06, 2018, 05:24:26 PM
 #61

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)

You dont have to understand bitcoin instead the technology behind this and that is blockchain,bitcoin is a currency and whats the function of currency is what this function also

And besides what bitcoin needs is trust from us the investors,bcause if we will give our full trustnd investing for sure the coin will remain progressing
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November 06, 2018, 07:32:15 PM
 #62

Don't worry, when it's about money people are suddenly able to understand quickly! Grin
People don't need to know deep the Bitcoin topic, but just the basics. Do you think with their banks they know everything? Nope, otherwise, everyone could be banker so
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November 06, 2018, 08:08:23 PM
 #63

I do not see the understanding of bitcoin as the biggest problem as you think. I would rather point out our unwillingness to learn about bitcoin as the biggest problem. A lot of people do not know anything about bitcoin but are very ready to criticize it when an issue about it is brought up. I think we should give ourselves the opportunity and the zeal to know about bitcoin and it will be easy for us to understand it.

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November 06, 2018, 08:54:09 PM
 #64

I don't think bitcoin is difficult to understand because in tge first place it has videos and information that will help each indivudual to understand bitcoin.
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November 06, 2018, 09:18:50 PM
 #65

i dont think bitcoin is difficult to understand.there are some useful videos and article available regarding bitcoin.if we can understand what is bitcoin then it will be more easy to understand it.
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November 06, 2018, 09:44:20 PM
 #66

Now a huge amount of information on the Internet on the topic of cryptocurrencies. A lot of people can help you to understand this (for a fee or free). So I think it all depends on your desire. If you are really interested in this topic, then you may well understand bitcoin.

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November 06, 2018, 09:49:14 PM
 #67

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)


Bitcoin and the Altcoins are very complicated, even the definitions and acronyms can vary, but there are a whole set of standards to adhere to varying from security protocols to working the clients and advanced features such as Staking and Masternodes (With Proof or Stake)

There is much to learn, but a little at a time and each day will all add up to a working knowledge of Crypto and it's differations.


Sometimes this assumed barrier can stop advancing ourselves and others, there is an absolute wealth of information available from wiki articles, reviews on products, statistics and so on.


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November 06, 2018, 09:50:12 PM
 #68

There is nothing complicated or supernatural in the study of cryptocurrency. You just have to sit at your computer and read a lot about it. First you will be difficult, but with time you will begin to understand bitcoin, how it works, and other details.

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November 06, 2018, 09:52:44 PM
 #69

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)

For technical details then I would believe that only a few would able to explain on precise yet not all would be programmers or do have that IT course to elaborate
but if we do talk on just basic things about bitcoin it wont really be that hard to explain nor to understand.

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November 06, 2018, 09:55:57 PM
 #70

Fortunately, it's not that difficult as it may seem at first glance. On the Internet a lot of useful information on forums, social networks, on different sites. You just need to sit down and study all this information. And then you will succeed.

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November 06, 2018, 09:57:45 PM
 #71

yes, understanding of bitcoin is part of our problem, many people have difficulty in understanding bitcoin, the lack of deployment, limited access, and inactive bitcoin communities are the main reasons.

some people give suggestions to make crypto part of school lessons, and I agree with such ideas, but the material must be adapted to the abilities of each student, maybe grade 6 elementary school is a good time to start.

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November 06, 2018, 09:58:55 PM
 #72

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)

I personally only understand the meaning of bitcoin on the surface. if someone wants a deeper explanation, I can't. because bitcoin is very difficult to understand. but in essence I understand the use of bitcoin. well, it's just a rough understanding that bitcoin is a digital currency / digital gold.
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November 06, 2018, 10:09:37 PM
 #73

If you have a posture thinking I think it is not hard to understand bitcoin because in the first place if you want your doing and if you want to learn it is easy for you to understand of bitcoin way but if your mindset was negative and you are basing on those negative minder also you are not believing or you don't want to understand because the negative. So if you want theirs a way to understand.
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November 06, 2018, 10:15:06 PM
 #74

Bitcoin is not too difficult to understand. However, its operations and value can sometimes be a little tricky and unpredictable. In all, the advantages of this digital currency is too good to be true.

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November 06, 2018, 10:28:53 PM
 #75

It is never required to fully understand how Bitcoin works
As is the case with TV, computer and the Internet
What is required is that we can read the effect of this technique
Is it useful to mankind or not؟
It usually takes some time
This is how history taught us.
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November 06, 2018, 10:32:29 PM
 #76

Taking into account that we now live in a technology driven world with most people being familiar I do not think its too hard to get your head around.
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November 06, 2018, 10:46:06 PM
 #77

I think it is because some people wouldn't care about something that they don't know and as long it not give them advantages yet, they wouldn't waste their time to learn about that thing and really don't care about it.

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November 06, 2018, 11:10:21 PM
 #78

this is become a major problem for the growth of bitcoin, and will hinder the growth of bitcoin, sometimes some people who do not know bitcoin, they make wrong conclusions about bitcoin, so make FUD, and later, make the market fall.

I think, we have to make a simple guidebook to give understanding to the public, especially to primitive people.
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November 06, 2018, 11:58:15 PM
 #79

Difficult if the person itself has no determination, and dedication to learn it or what. But on the contrary, it will be quick to understand if we explore ourselves unto it, then will give some effort about the information that we want to get it to know. And make some research more about bitcoin it could be you tube tutorial in bitcoin, reading updates most often in cointelegraph, and more.
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November 07, 2018, 01:55:57 AM
 #80

Bitcoin is too difficult to understand for a beginner because we have to understand how block chain works first, what is cryptocurrency and how does it works on Bitcoin. Basically to understand the huge picture about what is Bitcoin before understand in depth about it as they are the first ever digital money that ever happened so it will take sometimes for people to understand.
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