What's the most complicated thing about Bitcoin?

[diahsw]

in my opinion the most complicated, is when requested by KYC verification, sometimes we have to repeatedly, even though we've done it right ..

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[stompix]

in my opinion the most complicated, is when requested by KYC verification, sometimes we have to repeatedly, even though we've done it right ..

When was the last time bitcoin or Satoshi Nakamoto asked you for KYC?
Do you understand the difference between bitcoin and an exchange or whatever service asked you for your information?

[xiboothrezi]

People whoa re already exposed to many technologies especially related to the internet may not find any insurmountable difficulties in dealing with Bitcoin and can even be so simple with them but this is not the case with people who are still had to be baptized with these innovations happening right now. There is no question that a learning curve is there, especially for people who have not yet started using many apps on their smartphones. But things are not getting better since there are now many wallets that are easier to use and can be set up in just minutes.

You are right. Although complicated, this is not a difficult thing to learn. For some people, technology has become like this, and it can all be learned slowly and experience will teach many things. Besides that, for people who like to read, they will not have any difficulties with this, maybe once or twice they have difficulties or failures, but after that, it will be an experience that will make it easier.

[GeorgeFeb]

To get it for free!

[owengtam09]

Complicated things from bitcoin for me I think, 1st, the value of bitcoin is not stable. 2nd, when you forgot your password or pin of your wallet, you will lose all your coins. Most people now are forgettable. LOL. 3rd one for me is, it can be hacked anytime of a professional hacker for sure especially when you have huge value on your online wallet. I didn't still try offline wallet so I can't complain right now about it.

[DreamStage]

Complicated things from bitcoin for me I think, 1st, the value of bitcoin is not stable. 2nd, when you forgot your password or pin of your wallet, you will lose all your coins. Most people now are forgettable. LOL. 3rd one for me is, it can be hacked anytime of a professional hacker for sure especially when you have huge value on your online wallet. I didn't still try offline wallet so I can't complain right now about it.

Value of bitcoin not being stable is one of the main reasons why it's the biggest coin of all times.
Being alive produces more 24h volume trading which then makes it worth investing / trading for price changes and profit.

About the password or pin being forgotten - you should always use some service with login, password 2fa as for example: Coinbase, rather to log with your address at Blockchain.
You could also use Trezor or withdraw immediatly to your bank. And that's how you keep yourself from any hacker or professional hacker.

[Eugenar]

in my opinion the most complicated, is when requested by KYC verification, sometimes we have to repeatedly, even though we've done it right ..

I haven't experienced a platform where the KYC verification is quite pretty often. Most of the time, KYC verification is easy if you have the proper document and papers to provide, for them to easily process your verification. It becomes hard if the photo/image that you are sending contains false information and most of the time, their system is rejecting it because it has a very low image quality. So, in sending KYC, try to be at their shoes and see what document you are about to process.

[Shenzou]

For many new people who are starting new on the whole cryptocurrency they get really overwhelmed with the amount of things that they hear from other users who are experienced with it, if you try and search for how to start off, you will find a lot of articles and blogs that are saying that you should make an offline wallet and hardware wallet and all of the complicated stuff, sure they offer you more privacy and other options but you don't need them to start off and you can just make a wallet on blockchain or any other online wallet and get going.

[Reid]

Among the many features provided by the Bitcoin blockchain, I'm starting to wonder which one is the most complicated? In my case, I believe that it's complicated to perform offline transactions using Bitcoin core as you'd need to know certain commands (like sendrawtransaction) in order to perform said task. There are other commands that are used for creating a multi-sig address and performing batch transactions that are not easy to learn for the average user.

What's your opinion?

Likewise.

Actually, I haven't even tried it yet.
Started sending bitcoin using the internet. I was a newbie back then and don't even remember what year was that.
Up until now the same thing is what I does. Go to my wallet and send it to another wallet using the internet. Check it to blockchain for confirmation then Voila, its all done.

Offline? That is just a storage for me. I never tried that way which you are saying like codes and everything. I never did know that even with the long span of time here. 

[viennemariela]

As a beginner, I have lots of queries and inquiries about its overview, function, advantages, and disadvantages. Familiarizing myself is a bit difficult at first because I have to grasp its wide range of dominion. While I was browsing its interface for information, I have read several posts about how it works. And the momentum went on as I want to know more about it.
How to make the most out of Bitcoin? How am I supposed to do transactions in the future? Are my earnings safe from hacking? These are several questions that comes into my mind. Though Bitcoin is a large environment, I think newbies like me would learn a lot given the unlimited amount of time as long as the eagerness to learn is there and that, other people would be of great help in sharing their knowledge and experience.

[BitHodler]

To get it for free!

Currently you have faucets left, games that pay Satoshis, captcha solving schemes, and so on. It's however not free because they require your time or some little effort. Currently it's all about earning, not getting it for free.

The times where early birds generously rewarded newbies for entering the space are over and they will never come back. Bitcoin is too precious to give away for free, which is why people focus on earning and not on getting it for free.

[kerjakuat]

To get it for free!

Currently you have faucets left, games that pay Satoshis, captcha solving schemes, and so on. It's however not free because they require your time or some little effort. Currently it's all about earning, not getting it for free.

The times where early birds generously rewarded newbies for entering the space are over and they will never come back. Bitcoin is too precious to give away for free, which is why people focus on earning and not on getting it for free.

All of that is just wasting of time. Better doing some freelance jobs in here and take a tasks that has paid more well rather then faucets something thay worth your time to do.

[Eclipse26]

For me, one of the complicated thing on Bitcoin is how to encourage and let people around you understand what is bitcoin. Especially when they don't know much about technology. I've been promoting Bitcoin to my friends but some of them are just not as interested as me so it's hard to teach them about Bitcoin. Others might say that why do I have to encourage them when they are not interested. I just think that how can we achieve mass adoption if we don't encourage people to try learning Bitcoin.

Other than this, there's still quite a lot of complicated things about technicalities of Bitcoin.

[aardvark15]

Right now for the average novice, the hardest thing is how to obtain Bitcoins. It’s still now that easy to buy Bitcoin even after 10 years.

[Abiky]

The most complicated feature is miners fee. I always recommend my friends and family member not to fiddles with the amount selected by the wallet while sending Bitcoin.

If you change or reduce the fee then the chances are that your transaction will not be confirmed by the miners, resulting in Bitcoin getting stuck within the blockchain.

The worst part is that no one knows how long it will remain stuck before falling off. Therefore always pay what your wallet says when sending Bitcoin and never reduce the fee.

That's certainly true, mate. It's sometimes confusing to set the miner's fee at our heart's content. A slight mistake could prevent your transaction from getting confirmed on the Bitcoin blockchain. When I first started using Bitcoin, I began playing with the fee values a bit until I noticed that my transaction was stuck for hours. Later, I noticed that I've set a lower fee than usual for my transaction to go through. After a good lesson, I've decided to leave fee values by default and let the wallet do the rest. In some cases, I needed my transaction to be confirmed in the least time possible. This has led me to set a higher fee than usual to achieve with said purpose.

Anyways, there are now plenty of Bitcoin wallets which allows the user to select the speed of their transaction. For example, Electrum has a slider where the user can simply move (instead of setting a value manually) in order to pay a higher or lower fees depending on the speed of the transaction. As time goes by, I believe that wallets will continue to improve their user interfaces to make lives easier to the average person. While miner fees are one of the most complicated things about Bitcoin, they're not as hard to learn as multi-sig addresses in my own opinion

The complexity of the platform is determined by "who" is using it. Give the documentation to any Computer Science Engineer and he'll nail the command line. Give it to someone from a commerce background, they'd take ages to install the Core. Personally, I find developing smart contracts and deploying to a live chain quite complex but that again is not bitcoin but blockchain in general.

Exactly. It all depends on the type of person's knowledge in tech-related areas. Computer scientists would often find it easier to get ahold of Bitcoin Core's commands than an average person. This allows tech-savvy people to use some features out of the ordinary ones available on the wallet's user interface. If somehow ordinary people knew how to use in-wallet commands properly, then they'd able to make great use of Bitcoin within the mainstream world. With an extensive knowledge of Bitcoin's functionalities, you'll be able to send Batch Transactions, sign transactions offline, and even create multi-sig addresses with ease. You can also achieve a greater level of privacy within Bitcoin by not re-using addresses on the Blockchain. For each new transaction, you'd simply create a new address for it.

Of course, smart contract development is a whole other level. Its complexity may be one of the reasons why Satoshi didn't design Bitcoin as a smart contract platform in the first place. Thanks to Bitcoin's relative simplicity (relative to Ethereum), most people are actively using and supporting it within the mainstream world. But it's hoped that it would become much easier to use Bitcoin in the future, as developers improve wallet's user interfaces for a better user experience.

Im not sure its feature, but for sure security as a whole. You stated that its easy through interface to send/receive.
I agree to that, but how to keep BTC secure? Its biggest issue for now. Hardware wallets are some answer to newbie crypto users but its  not ultimate solution. I bet hardware wallets are used by less than 1% of crypto users.

Agree. One of the biggest issues right now is properly securing Bitcoin against hacks or theft. Hardware wallets are the ideal solution to prevent these undesired situations, but they're not easy enough for the average person to understand. Paper wallets are much easier than hardware wallets, but still involve some knowledge for the proper protection of Bitcoin balances. I guess that with good education, people will be able to understand how to use Bitcoin properly. As the pioneer cryptocurrency grows in popularity, its supporters will do their best to educate people in the mainstream world about it.

I'm sure that in a couple of years from now, people will get accustomed to using Bitcoin in their daily lives without any hassle.

[Aikidoka]

To get it for free!

You can't get free bitcoin unless they're from faucets which are really a low amount (few satoshis). It requires you more time to get a good amount of bitcoin to be honest. You need some skills and knowledge about different things to get bitcoin or if you have miners, you can just mine them. I don't think that you can get free bitcoin anyways, I don't talk about faucets because it's a waste of time.

[1Referee]

I think it's price versus fundamentals. It's hard to convince common folks that Bitcoin fundamentally is doing quite well while the price goes the other way. For a lot of people the price is a reflection of how Bitcoin is doing. Simply put; price up Bitcoin good, price down Bitcoin bad. In a way that's understandable from their position, because why does something go down when it's doing well?

If they knew how markets in general work, it would have been easier to explain them why there is so much speculation, what the effect of this speculation is, etc. You have to calmly articulate everything word by word so that they can understand it. It can be annoying, but when someone is open to accept a different view, they can pass that view to someone else eventually.

Another thing is that in some cases you have to explain why people need a hardware wallet while they can just as easily store their coins on an exchange for free. I'm glad that pointing them at the numerous hacks quickly convinces them to buy a hardware wallet, so that's definitely a plus.

[Maotezi]

I found it strange how to get a hardware wallet because I didn't believe there was internet money.
The first internet money I heard existed was cryptocurrency, and it wasn't these transactions that cost me so much.
Even after purchasing the hardware wallet, it was very complicated for me to find my address, I know it was easy, but I had no one to explain to me, so I managed my own.

[Maslate]

To get it for free!

You can't get free bitcoin unless they're from faucets which are really a low amount (few satoshis). It requires you more time to get a good amount of bitcoin to be honest. You need some skills and knowledge about different things to get bitcoin or if you have miners, you can just mine them. I don't think that you can get free bitcoin anyways, I don't talk about faucets because it's a waste of time.

Having it for free will never happen even in the future because you have to work for it just like in participating bounty campaigns wherein you can get bitcoin if you dedicate your time and effort into bitcointalk forum. But if you have focus and enough knowledge how to gain bitcoin in such different ways, then at the end of the day you will surely gain bitcoin.

[Jalinayr]

For me the way we get it for free without investing. So that they invent this Forum.