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Author Topic: Is Bitcoin too difficult to understand?  (Read 2027 times)
KorakPawon
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November 07, 2018, 03:19:31 PM
 #101

I think I agree with that. Sometimes people don't really understand what bitcoin is, or how to use it. Make people really understand about it is hard, yet easy. Perhaps, bitcoin is popular for some people who have lots of wonder and are willing to know more except the mainstream currency like fiat. So, I think being populer is the first step to be more understood so that bitcoin will be really understood by people, as the consequence of course bitcoin will be chosen and be used widely in the world.
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November 07, 2018, 03:22:13 PM
 #102

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)


The usage? No, is simpler than making a bank account

The code? Perhaps, but most developers are able to implement payments with it, the hard part are miners or complex tools

Nothing to say
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November 07, 2018, 03:27:13 PM
 #103

It's not to difficult to understand, once more applications are build onto it people won't even realise that they are using Bitcoin or any blockchain.
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November 07, 2018, 03:44:23 PM
 #104

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 think it really depends on how interested the person is
When i came to know about bitcoin i was so eager to know about it
So i was focused researching ,reading and i understand almost everything.

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November 07, 2018, 05:35:09 PM
 #105

All anyone needs to know is how to install a wallet and how to send and receive.
Not everyone needs to know how it is mined or any other technical details about it.

I would argue that not everyone knows exactly what interest rate they pay on various
loans they may have for example but they still use them.
The fact that people cannot see and touch with their hands will be poorly implemented in practice. Moreover, it concerns money. Therefore, cryptocurrency is so difficult to enter our life as a payment system. I think that there will be a certain part of people who do not want to switch to the use of cryptocurrency at all.
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November 07, 2018, 05:54:33 PM
 #106

I feel like the biggest problem with Bitcoin is the "understanding" of it.
What do you think?

It is too difficult for you to understand.  Please don't waste time trying.  Maybe go watch a comedy show or something.  That is probably good for you.  Jimmy Fallen for example.  But your brain is not suitable for things like Bitcoin. 


I think all the human brains match bitcoin as long as he wants to try it and the intention to learn bitcoin. but it all depends on each person whether he wants to learn it or not. bitcoin is very easy to understand and understand, it is difficult at the beginning but it will be easy if we continue to learn it.

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November 07, 2018, 06:03:29 PM
 #107

I think that's right even though it came out as a joke. Bitcoin and cryptocurrency has been easy for a lot of persons to understand, that's why some see it as a ponzi or a bubble.

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November 07, 2018, 06:08:24 PM
 #108

I feel like the biggest problem with Bitcoin is the "understanding" of it.
What do you think?

It is too difficult for you to understand.  Please don't waste time trying.  Maybe go watch a comedy show or something.  That is probably good for you.  Jimmy Fallen for example.  But your brain is not suitable for things like Bitcoin. 


I think all the human brains match bitcoin as long as he wants to try it and the intention to learn bitcoin. but it all depends on each person whether he wants to learn it or not. bitcoin is very easy to understand and understand, it is difficult at the beginning but it will be easy if we continue to learn it.
Basically the human brain has good abilities, but it depends on the personality of each, meaning that if he wants to think and continue to learn it, of course they will also understand. So to understand bitcoin I think everyone can understand it if they have high intentions, so far I have several relatives who were introduced to bitcoin, but they don't fully understand, yes it depends on each of them.

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November 07, 2018, 06:13:13 PM
 #109

In my opinion. not only bitcoin but all crypto currencies are difficult to understand the price movements. they are very volatile and easily influenced by various things. we must often see or keep abreast of the developments in the crypto market so we can continue to know the latest news about crypto. no one can control the crypto movement and predict it.
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November 07, 2018, 06:37:41 PM
 #110

Yes, Bitcoin is a bit difficult to understand especially for the beginners, because it is really different than fiat currencies. People used to deal with fiat currencies, and they don't understand easily how the digital currencies work, and why it is so valuable. Also, the blockchain technology needs a level of education to understand it.

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November 07, 2018, 06:47:37 PM
 #111

The most important thing is the willingness to learn bitcoin because to understand bitcoin requires a process, and if you want to learn, bitcoin will be understood.

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November 07, 2018, 06:57:42 PM
 #112

No it's not too difficult to understand the bitcoin before investment on bitcoin you must understand the concept of bitcoin and the trends of bitcoin,we all knows bitcoin journey is not too long as bitcoin just launch 10 year ago and now we all knows it's already made history in crypto world so just wait for your turn.

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November 07, 2018, 07:13:07 PM
 #113

To know all about the process of formation as it develops, one needs to learn and cultivate a lot of knowledge that can be understood comprehensively because it is quite complex but not can not understand
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November 07, 2018, 07:15:40 PM
 #114

A lot of people are arguing over this nowadays. There's debate between this and that economic school, between politicians, between programmers. Don't listen to all of them. Some people are smart; some are misinformed. Some say the system is worth a lot; some say it's actually worth zero. Some say it's digital gold; some say it's a currency. Others say they're just like tulips. Some people say it'll change the world; some say it's just a fad. Research and you'll be okay.
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November 07, 2018, 08:22:00 PM
 #115

From my own research, Bitcoin will end up being the only currency we will use. The Internet  and technology development are slowly and steadily taking over. Bitcoin is far from being difficult to understand. All it requires is some time invested in researching about it and the current market for it.
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November 07, 2018, 08:45:15 PM
 #116

I think bitcoin is a bit difficult to understand for the beginners that is Why beginners are ask to do research and get acquainted with it so as not to panic at any point in time.


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November 07, 2018, 09:17:46 PM
 #117

I don't think that btc is too difficult to understand if you know something about how crypto market works and how digital currency differs from standard currency. To my mind, btc is the system of the high technological progress

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November 07, 2018, 09:38:55 PM
 #118

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 isn't had to understand but I believe a lot of persons were introduced with a misconstrued understanding of what it fully entails. I believe many came in with the full notion of just earning money with it's investment before realizing that there are other uses to it. I believe that understanding the bitcoin goes along having a clear understanding of what the whole concept of cryptocurrency has to offer and the future of digital currency.
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November 07, 2018, 09:51:17 PM
 #119

Understanding Bitcoin is not so hard, it is simply a digital currency.
In the other hand accepting it is the real problem. People know what Bitcoin is but they have problems accepting it as a regular currency.

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November 10, 2018, 10:45:37 AM
 #120

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.
Absolutely agree, because the mindset will show whether it's easy or not in learning about bitcoin, if you really want to learn bitcoin, then by working hard in learning it won't be difficult to understand about bitcoin. there are tens of millions of bitcoin users, that's is proof that learning bitcoin is not a difficult thing
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