Cryptocurrency is too complicated

[aliceHortrex]

Cryptcurrency is still too hard for average person to understand and use effectively. Even experienced crypto investors have lost coins through mistakes. It will take some time for crypto to be as easy as using a credit card.

It takes a few more years for humanity to learn how to use cryptocurrency in a wide field of activity. I think this is at least 3 years.

[1715099154]

1715099154

[1715099154]

1715099154

[1715099154]

1715099154

[1715099154]

1715099154

[PuertoLibre]

Cryptcurrency is still too hard for average person to understand and use effectively. Even experienced crypto investors have lost coins through mistakes. It will take some time for crypto to be as easy as using a credit card.

Average people tend to understand the complicated techological inventions in years. After the end of the cash payments everyone will learn the future of cryptocurrency and its features.

[mirgo1791]

as partisan with the business moves as higher to work on schemes to apply strategy the use helps as disposing rejection and distinct of template to returns as the finest on reference of expends on examination.

[renault18turbo]

Cryptocurrency for me is not too complicated, it is too scammed and too manipulated. The complexity does not matter for the simple people

[crenfrosck]

Yeah, because banks and its questionable mechanics are crystal clear... I do not think that crypto is too complicated: basic functions of many wallets are absurdly easy to understand and intuitive. No one wants you to learn how does cryptography behind it work- not at all (interest, however, can lead you towards it and it would be a plus). I doubt that people know how banks work- they would not hold their money in there. Cryptocurrencies allow users to actually hold their own money. The world is not heading in a right direction and importance of such technology might be incalculable in a ,sadly, near future.

[servetoken]

I doubt that every person at the moment understands how electronic payments go through the banking system! And I don’t understand why people need to understand the technical side of this process! We drive cars, use smartphones, computers, but few understand how they work! We only know that it is convenient and fast!

Very true! It's important for people to realize that the majority of people who will end up using cryptocurrencies and blockchain won't actually fully understand their inner workings. Convenience and simplicity is the key to mass adoption.

[949miner]

There is nothing complicated with cryptocurrency and decentralized platforms. The principle is simple, instead of sending funds to a third party, funds are sent directly into the wallet of the other person who is either performing or receiving services or the goods. Cryptocurrency is just the digital form of fiat money just like the physical fiat..

[singlecrytpo]

I think once we make digital payments as easy as say venmo than people won't see it as complicated. https://elixxir.io/ sounds promising

[faceoff97]

It's simple as the normal currency. Its just that, no one has the control over the system and the price is too volatile but the whole idea is just as the same with normal currency that is more safe and secure to have. You just have to own a wallet of your own that priovides private key and that's it. You can now do all you want about your coin. The only thing you need to do is to safely secure your coin in a safe wallet like hardware wallet or open source wallet. You can try this one to get started: www.hodler.tech/pro

[Kwame Genius]

Yep i agree with all your replies you have for this thread and what i have to say is that, though cryptocurrency and blockchain technology is easy to under but everything to start as a beginner or learning everything by your own is a difficult task. i understand him because i started like him before i was able to pass through. And if one is use to the blockchain, you may take things so easy. Another point is that in cryptocurrency and blockchain there are a lot of speculations of loss of money when it comes to wallet issues. i think this speculations make him bore  

[MakeMoneyBtc]

Centralized financial companies are constantly working on solutions to make transactions between different parties as easy as possible, however, the cryptocurrency and blockchain payment solutions are very complicated for the average person to use.
Until this is put in check, cryptocurrency payments will never have a chance to overcome fist.

In the world we are living today cryptocurrency shouldn't be too complicated because we are using smartphones everyday and there are enough apps on mobile that are very easy to use and anyone can understand how to send or receive bitcoin.

[trashman43]

Cryptocurrency is complicated for people who have narrow minded attitude towards the use and adaptation of new technological advancement. People who accept technological change will never see cryptocurrency and blockchain technology as being complicated.

[Yamifoud]

Cryptocurrency is complicated for people who have narrow minded attitude towards the use and adaptation of new technological advancement. People who accept technological change will never see cryptocurrency and blockchain technology as being complicated.

It is our own appreciation and our complete understanding with these. Those who never want changes and not an open-minded individual they will find it complicated. As we step into this new technology, it is very applicable to the current generation we have as we mostly engaged into computers and online businesses. By using this this, it simplified our work loads and have a fast transactions which is we definitely be needing to become more productive.

[newdevices]

Cryptcurrency is still too hard for average person to understand and use effectively. Even experienced crypto investors have lost coins through mistakes. It will take some time for crypto to be as easy as using a credit card.

the need for development so that crypto can be used by all people, the crypto system is still too complicated for some people to understand, there are still many countries in the world whose communities cannot access and use the internet, payments using crypto may occur in the future

[StephenJH]

The average guy cannot be able to understand the working mechanism behind the crypto ecosystem and blockchain. Forums are created for explaining our opinion and share the useful tips for newbies.

[Tipstar]

You are correct in this matter. People around the world are interested in blockchain and cryptocurrency for its advantages but are resisting the use citing the complexity of the learning curve. Though there are individual tokens and exchanges making things simpler, we still need a wide and hassle-less unified crypto exchange wallet that can bring in or send out any desired crypto with negligible fees.

[demonz666]

I don't think cryptocurrency and blockchain aren't complicated. precisely with the existence of blockchain technology it will be easier for us to transact money between countries and continents in the world easily. without the need for a third party (bank). we can transact directly peer to peer. and if crypto is used as a payment tool it's also easy. we only need to transfer money from our gadget. nothing complicated.

[akungagal]

I don't think cryptocurrency and blockchain aren't complicated. precisely with the existence of blockchain technology it will be easier for us to transact money between countries and continents in the world easily. without the need for a third party (bank). we can transact directly peer to peer. and if crypto is used as a payment tool it's also easy. we only need to transfer money from our gadget. nothing complicated.

you are right.
the transaction costs can also be quite cheap. indeed for some people it looks complicated, it only requires a little extra time to learn and understand cryptocurrency. (including me).

i'm sure after that everything will look easy.

[jabrix]

Cryptcurrency is still too hard for average person to understand and use effectively. Even experienced crypto investors have lost coins through mistakes. It will take some time for crypto to be as easy as using a credit card.

Indeed, it is not easy to use crypto money so that it is one of the things that is avoided by countries that reject crypto because concerns can harm users.
Whereas people with low levels of education are very difficult to understand how to work and calculate crypto money so that they are not interested and don't even like it.

[fortelen]

Using Cryptocurrency is complicated, I don't think so. Cryptocurrency can be a medium of payment and there are places where there are payments using Crypto. If they are used to trading and investing, I don't think Crypto will be complicated.