Why Bitcoin may be doomed

[Slow death]

most poeple are afraid of what they cannot understand without putting their mind at work (which they probably wont do), and will avert something new even if it has incredible benefits. this is why crypto will have to face the reality that most common people are not savvy enough to trust something as conceptual as cryptocurrencies, not to tell that it requires a phd, but a minimum is necessary to secure one's fund.

You are underestimating people's ability to learn things and that is very bad of you. Look at 100 years ago, people didn't have the technology we have today, but see that today you find 8 year olds use their cell phones like a simple toy... there are thousands of people who know how to use a computer and things more complex. The world is changing so much that everyone can easily learn things like cell phones, computers, TVs and more. Something like creating an exchange account, having a wallet and sending or receiving bitcoin is not a hard thing for anybody to learn.

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[kryptqnick]

Bitcoin may be user-friendly enough for most of the typical millennials and for the more tech-savvy boomers, yes, it's definitely not user-friendly enough for 100% of the population. But hey, a some years ago we'd all have to download Bitcoin Core full node for us to use bitcoin. But now? We've got SPV wallets for mobile phones, and hardware wallets that's a perfect balance between usability and security. Who's to say were stopping here? There are so much smart and talented people working on this industry. Technology will move forward.

Yeah, but I think that's user-friendliness is not the main problem. Some people, for instance, are really afraid of volatility. They are used to the stability of fiat, and they cannot feel safe around something with such an unstable price. Another problem is that Bitcoin is not suitable for small transactions performed by a big amount of people in a short period of time, and this is the kind of transactions we mostly perform. The waiting time and the fees are just not acceptable, and when it comes to Bitcoin LN, I think its major problem is that it's not user-friendly, and some people think it's too centralized.

[fiulpro]

you know the fact that countries are going as far is implementing a law that actually puts people in jail..for  even dealing in Bitcoins for 10 years even if they are holding their digital assets is already telling how a government thinks about Bitcoin.
The statement regarding Bitcoins from president Trump clearly shows that us is not a big fan of Bitcoins and we should already understand that due to their big influence on the market other countries will start implementing strict laws to ban Bitcoins and other cryptocurrencies they are taking away our freedom.

[Darker45]

First off, your subject is a case of hyperbole. I cared to read this thread because of "doomed".

Well, just remember the days when you were still like the rest who do not have the tiniest idea of Bitcoin. I used to be like them myself. But then here I am now, promoting, HODLing, using, and loving Bitcoin. I was not tech-savvy myself. I am someone who is more into social sciences rather than on the latest technological innovations, much less regarding fintech. When I first heard of Bitcoin, it didn't tickle even the tiniest part of my curious mind. And then I encountered it again a few more times and eventually I got the curiosity to at least know a little more about it. And everything was history.

This could also become everyone else's story. There is no need to understand everything. The basics are actually enough for people to get interested in Bitcoin, just like what happened to me. In fact, that single word decentralization was the key. Moreover, it is actually easier for people to become familiar with Bitcoin nowadays because a lot of people already know about it, it can be heard over the radio, watched on TV and on the internet, accepted in stores, and so on. It is not as strange as it used to be.

[Oceat]

Bitcoin is an innovation, a world-changing technology, thanks to Satoshi who almost give everything to improve it, and thanks to the community who keep continuing his work even if he's been long gone for a decade now without a single traces left. I agree that Bitcoin is not that really a 100% user-friendly but with proper knowledge i know someone would learn it through time.