Why people think technical knowlege is required to invest in or adopt bitcoin.

[unusualfacts30]

I came across a lot of thread where people say "Lack of technical knowledge is the reason why people don't use bitcoins". I need to know why such people think technical knowledge is required to invest in or adopt bitcoin.

Let's say, professor of Arts is given a laptop without any working internet browser can he surf the web. Majority of us cant. The browser makes it look easy. Some of the non-technical people might not know what tls_ecdhe_rsa_with_aes_128_gcm_sha256 Connection encrypted is, that doesn't stop them from banking online.

I don't know what technical knowledge is required to fly an Airbus A380 but I have been a passenger of one, I took the risk and trusted the driver(pilot) to be not drunk.

What normal person consider is risk to reward ratio, how much he will be benefited for taking that risk.  Even while switching a job you might face unemployment but your new job might pay you more.

And assets like gold are consider safe because of its acceptability by masses and not the technical knowledge required to refine gold ore.

I have written a post on how I introduced my village farmers to bitcoins. My village farmers cant even read their bitcoin paper wallet they only know its valve and risk of investing in it. https://bitcointalk.org/index.php?topic=5098721.0

with bitcoin its not as simple as swiping card or using an ATM. You are your own bank, so you have to know how to keep your fund secure which requires knowledge of private/public key, encryption, hardware wallet and so forth. If you are dealing with small amount may be its not needed but if you're talking about mass adoption which would mean people are using bitcoin and keeping it with them then it would require for them to have technical knowledge. not difficult but requires willingness to change your old pattern. Young generation is more likely to use bitcoin than old one according to a survey, so adoption isn't too far.

[thankyoulord]

technical knowledge is not needed to invest or adopt blockchain. only time you need technical knowledge is if you want to be a trader, then you need to be trained on how to trade. if not you can simply invest in bitcoin and hold

[tenakha]

I came across a lot of thread where people say "Lack of technical knowledge is the reason why people don't use bitcoins". I need to know why such people think technical knowledge is required to invest in or adopt bitcoin.

Let's say, professor of Arts is given a laptop without any working internet browser can he surf the web. Majority of us cant. The browser makes it look easy. Some of the non-technical people might not know what tls_ecdhe_rsa_with_aes_128_gcm_sha256 Connection encrypted is, that doesn't stop them from banking online.

I don't know what technical knowledge is required to fly an Airbus A380 but I have been a passenger of one, I took the risk and trusted the driver(pilot) to be not drunk.

What normal person consider is risk to reward ratio, how much he will be benefited for taking that risk.  Even while switching a job you might face unemployment but your new job might pay you more.

And assets like gold are consider safe because of its acceptability by masses and not the technical knowledge required to refine gold ore.

I have written a post on how I introduced my village farmers to bitcoins. My village farmers cant even read their bitcoin paper wallet they only know its valve and risk of investing in it. https://bitcointalk.org/index.php?topic=5098721.0

If you are only engaged in trading, yes, it may not be necessary to know the technical features. But when your car is broken, if you can not find a specialist, learning about it in time will help you overcome the difficulty. At least you should know how to recover when you lose your private key and know how to solve such small life-saving problems. And knowing more is better for you.

[BurgerCash]

I came across a lot of thread where people say "Lack of technical knowledge is the reason why people don't use bitcoins". I need to know why such people think technical knowledge is required to invest in or adopt bitcoin.

Let's say, professor of Arts is given a laptop without any working internet browser can he surf the web. Majority of us cant. The browser makes it look easy. Some of the non-technical people might not know what tls_ecdhe_rsa_with_aes_128_gcm_sha256 Connection encrypted is, that doesn't stop them from banking online.

I don't know what technical knowledge is required to fly an Airbus A380 but I have been a passenger of one, I took the risk and trusted the driver(pilot) to be not drunk.

What normal person consider is risk to reward ratio, how much he will be benefited for taking that risk.  Even while switching a job you might face unemployment but your new job might pay you more.

And assets like gold are consider safe because of its acceptability by masses and not the technical knowledge required to refine gold ore.

I have written a post on how I introduced my village farmers to bitcoins. My village farmers cant even read their bitcoin paper wallet they only know its valve and risk of investing in it. https://bitcointalk.org/index.php?topic=5098721.0

It's because wallets in general weren't user friendly for the longest time. Just when they became user friendly we started having fee markets and other stuff that's completely unexpected, given Bitcoin's marketing as "a currency".
A lot of non-technical people tried it, got discouraged and left.

[yesyes18]

Well, one other major difference that makes Bitcoin to be understood by everyone is the fact that it's solely made for digital usages. Bitcoin is very difficult to be used by someone who doesn't utilize the digital medium because from getting Bitcoin to using it fit it's main motive and then withdrawing all needs a little digital knowledge.

[bitbunnny]

You don't have to have some expertise technical knowledge but you have to know at least basics, how it's functioning and what is the background. That is where many make mistakes, they get involved in Bitcoin and other cryptocurrencies without any knowledge. But it's not that difficult to learn basic information and this is really added value in dealing with cryptocurrencies. World is geetting digital and virtual and without any knowledge about new technologies you can't actualy function ptoperly anymore.

[aoluain]

I think in a lot of cases bitcoin is over explained and analised to the
point where new people can be frightened away.
There is a lot of technical information attached to Bitcoin but we
dont need to know it in order to use it.
All we need to know to get started is:

How a coin is created: The very basics of mining
How to buy one: Coinbase, ATM or local bitcoins
How to set up a wallet securely: Start with Electrum for Android
How to spend it: Transfer to another address

[PeRo]

As most of the people on this thread, I partially agree. A Bitcoin user needs minimal technical knowledge, buying/earning and spending Bitcoin isn't really something that requires much technical knowledge. But the part where I dissagree are more complex parts of the cryptocurrency world, like mining, working or learning about the blockchain.

[Belec]

I do not think any technical knowledge is needed when questioning work with bitcoin, but when it comes to mining, blockchain then you have to have technical knowledge and good technical skills.
Every man can handle basic things like buying and selling, everything is the same as with bitcoin.

[Indrawan77]

If you want invest then you will need to know the basic technical knowledge because you need to know how bitcoin work and what is the potential that can be used with bitcoin, if you want to used bitcoin you don't need the technical knowledge, but still it's better to have some basic technical knowledge, who knows you can build something better for bitcoin

[rodel caling]

Technically knowledge is important thing in all aspect of investment to avoid lot of loses, bitcoin is easy to use and handle if they know it's works as decentralized volatile cryptocurrency.
Do not compare the art between the new system technology because art is talent using by imagination gift from god of selected people.

[libert19]

Agreed. Base things for using Bitcoin is knowing how to use Bitcoin wallet, and keeping private  keys secure. You don't have to care for how something works.

[pooya87]

As most of the people on this thread, I partially agree. A Bitcoin user needs minimal technical knowledge,

when you get your credit card and gain the "knowledge" that you shouldn't put it close to a magnetic field, you shouldn't bend it, break it,... or it becomes useless, and dozen other things, or when you open your paypal account and they tell you not to lose your password, use a strong one, how to deal with charge back,... do you call those "technical knowledge" or common sense?
that is the same with bitcoin as a regular user. you don't need ANY "technical knowledge" whatsoever to use it. you just have to learn a bunch of basics such as how to use a wallet!

[eaLiTy]

I came across a lot of thread where people say "Lack of technical knowledge is the reason why people don't use bitcoins". I need to know why such people think technical knowledge is required to invest in or adopt bitcoin.

You really do not need to learn everything to invest in bitcoin, just make sure that you know to safe guard the coins and store in a wallet that you own the private key and learn the basic on how to secure your device.

Let's say, professor of Arts is given a laptop without any working internet browser can he surf the web. Majority of us cant. The browser makes it look easy. Some of the non-technical people might not know what tls_ecdhe_rsa_with_aes_128_gcm_sha256 Connection encrypted is, that doesn't stop them from banking online.

It is a new financial system which is less than ten years old, the reason for non technical people to find it difficult is that there is a lack of user friendly devices that can help you store your coins and that is the biggest drawback, if there is a simple user friendly device that can be accessed by any granny then you will see more people using cryptos.

What normal person consider is risk to reward ratio, how much he will be benefited for taking that risk.  Even while switching a job you might face unemployment but your new job might pay you more.

The risk reward ratio is huge in this aspect, a person who does not know to safe guard his system always think about the risk of loosing everything rather than the gains, because it is his hard earned money and no one will invest just to assess the risk reward.

And assets like gold are consider safe because of its acceptability by masses and not the technical knowledge required to refine gold ore.

Gold is a metal and has physical properties which can be owned and you do not need the knowledge to refine gold ore to own one but that is not the case with digital goods, you need to know how to safe guard it as it can be transmitted digitally if you are connected online.

[hulla]

The reason why cryptoneir believed people need some technical knowledge before they invest into bitcoin is because they will understand the in depth of the market, the coins they can invest in and know the necessary steps to take in other to avoid losses. However, the market is not doing good the knowledge will put ones through.

[TheClownSong]

I dont think we should have knowledge about technical or blockchain to invest in bitcoin. Bitcoin is like commodity or investment, if we think its profitable in the future and can secure our asset value, i am believe people without proper knowledge about blockchain can invest.

[geyayy]

I find OPs point right about using and investing in bitcoin. You can do it without the technical knowledge and just the fundamental concept but when it comes to investment, bitcoin can be your dream asset or worst one. Depending on the current situation and an analysis is needed to know what to do. People are afraid of investment because they don't have the technical skills needed to asses what to do when something is failed.

[vv181]

There is a thing called UX design, a bridge that connects the software and the user. I believe cryptocurrencies haven't reached the point whereas the user able to easily interact with Bitcoin in general. In technologies spaces those things is essential because it will matter how the user could easily understand it without too much technical knowledge.