What's the most complicated thing about Bitcoin?

[drlukacs]

When someone starts using Bitcoin, the first thing he/she comes up with is a nice user interface (depending on the wallet used) that allows him/her to send/receive Bitcoin easily. With a little technical knowledge, the user won't need to worry about other Bitcoin features as long as he/she is able to send/receive coins in a P2P manner.

Still, there are other things that would be of benefit to the user if he/she knew about them. Batching transactions allows one to save off fees, while sending Bitcoin to a new address every time increases privacy. Most wallets don't have a straight-forward interface for the user to do this easily (as far as I know), which involves some technical knowledge to get the most out of Bitcoin.

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?

I also feel this is one of the major inconveniences in paying with bitcoin for many shops and some types of services. I've talked about this a lot on the topic of paying for things with bitcoin but it seems people don't understand what I mean. Instead of having to use some common bitcoin command or knowledge to be able to trade it, we can use credit cards to make payments. Just a swipe and everything is done! easyy more than using Bitcoin. so I still choose to be a classic, I prefer to use fiat money for payment.

[DevilSlayer]

I think the feature of bitcoin that being anonymous. They say that the government cannot track you if you use bitcoin but it is not true because you can also track if you will use bitcoin. It is a complicated thing because there are people who saying that bitcoin will make you anonymously but it is not true after all. The bitcoin transactions are traceable in blockchain.

[asus09]

When someone starts using Bitcoin, the first thing he/she comes up with is a nice user interface (depending on the wallet used) that allows him/her to send/receive Bitcoin easily. With a little technical knowledge, the user won't need to worry about other Bitcoin features as long as he/she is able to send/receive coins in a P2P manner.

Still, there are other things that would be of benefit to the user if he/she knew about them. Batching transactions allows one to save off fees, while sending Bitcoin to a new address every time increases privacy. Most wallets don't have a straight-forward interface for the user to do this easily (as far as I know), which involves some technical knowledge to get the most out of Bitcoin.

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?

First thing I am confused with using bitcoin wallet because I faced trouble with coinbase account, I want to deposit bitcoin to coinbase bitcoin address by when click get wallet received with different bitcoin address, I don't why my address bitcoin always change in coinbase adn I ask at the forum about how procedure of bitcoin address in coinbase wallet and I think is not problem because my payment will receive.

[Webberson]

As far as Bitcoin is concern, there are many diverse opinions from individuals relating to the innovation of this cryptocurrency, as to what it is and what drives its value. So, for me, i will like to say that the controversy regarding bitcoin makes it the most complicated.

[Colt81]

Since i first started to discover about bitcoin the thing that makes me complicated to understand about bitcoin is how it was created and how could you spend bitcoin if no one could ever accept bitcoin as a currency. I have a lot of questions that time, but for now some of my questions already have been answered since i started to study about bitcoin and blockchain technology, and with the help of the members of these forum.

[White Christmas]

As far as Bitcoin is concern, there are many diverse opinions from individuals relating to the innovation of this cryptocurrency, as to what it is and what drives its value. So, for me, i will like to say that the controversy regarding bitcoin makes it the most complicated.

Many opinions and predictions that are made by many person or people about the cryptocurrency and especially the innovation which must be adapt by many people I will add about the most controversial thing about bitcoin is the fluctuating of bitcoin which anytime it will up and down or pump or dump just like other investments but this is also one of the beautiful in the cryptocurrency because of this fluctuating this is the way why other crypto enthusiast are gaining profits because of this system. Controversy like that makes complicated but this is like of good controversy.

[stiffbud]

Since i first started to discover about bitcoin the thing that makes me complicated to understand about bitcoin is how it was created and how could you spend bitcoin if no one could ever accept bitcoin as a currency. I have a lot of questions that time, but for now some of my questions already have been answered since i started to study about bitcoin and blockchain technology, and with the help of the members of these forum.

What I found most complicated about bitcoin was that the transactions were on a public ledger but no one ever knew who was sending the coins to whom as the addresses weren't connected to any physical identity. This was the problem that I faced and also that why can't the transactions be reversed. But with time I understood all the things taking place behind the curtain.

[Asuspawer09]

Bitcoin is already complicated since it was a digital currency and also an investment something like a stacked market which have a market, when I was just starting in bitcoin it was very complicated and I don't understand a lot of thing for a lot of people who don't really have knowledge or not exposed in technology bitcoin was just hard to believe also the bitcoin technology was unique. Something like mining was complicated that affect the supply of bitcoin and the miners are the one processing the transaction in bitcoin was so complicated in many ways I think this cryptocurrency or blockchain thing needs to be taught in universities.

[NavI_027]

Hmm, let me think first . I think the most difficult topic I hardly understand when it comes to bitcoin is its technical aspects (Who's with me? I guess most of us does). I can't imagine what really a block is, about nodes and other stuff related to bitcoin mining. Well, I experienced computing the mining power of a certain rig and knowing its hashrate because I really love solving math and I'm really curious on how much energy it can consumed. However, I don't know if I'm really doing it right because I'm not familiar with the deductions need to be considered like fees from mining pools etc.

Don't get me wrong, I'm not as moron as what you think . I'm willing to study btc's technicalities but unfortunately I don't have plenty of time. I'm just a busy bee these days.

[shoreno]

Bitcoin is already complicated since it was a digital currency and also an investment

i dont feel complicated on that part but i find that normal because gold and other assets can also work like that but people dont complain about them  .

when I was just starting in bitcoin it was very complicated and I don't understand a lot of thing

same here but this does not mean that its already complicated  but all other things are also hard to understand at first but after you learn them they will just become easy  .

bitcoin is not complicated if i were to ask   . its just we people make things complicated   . if we will only change this manerism i think we can the world a better place

[Meowth05]

Bitcoin is already complicated since it was a digital currency and also an investment something like a stacked market which have a market, when I was just starting in bitcoin it was very complicated and I don't understand a lot of thing for a lot of people who don't really have knowledge or not exposed in technology bitcoin was just hard to believe also the bitcoin technology was unique. Something like mining was complicated that affect the supply of bitcoin and the miners are the one processing the transaction in bitcoin was so complicated in many ways I think this cryptocurrency or blockchain thing needs to be taught in universities.

Indeed, that is why I like the move of the French government where they include the blockchain technology upon their school curriculum and I do hope that other countries will do the same so that if when a person chooses to engage in this industry it would not be hard for them to understand this kind of technology. Blockchain do really complicated for a person to understand especially to those who have no enough knowledge of technology that is it is necessary for them to be aware in order to prevent them from a malicious scheme.

[cutesgirl]

Bitcoin is already complicated since it was a digital currency and also an investment something like a stacked market which have a market, when I was just starting in bitcoin it was very complicated and I don't understand a lot of thing for a lot of people who don't really have knowledge or not exposed in technology bitcoin was just hard to believe also the bitcoin technology was unique. Something like mining was complicated that affect the supply of bitcoin and the miners are the one processing the transaction in bitcoin was so complicated in many ways I think this cryptocurrency or blockchain thing needs to be taught in universities.

Before launching to public bitcoin have been complicated and not have to worry with some thing bad later with bitcoin, have been higher secure for bitcoin become investment assets, when investing with bitcoin or altcoin you can secure your wallet first by 2FA and use mobile phone activator code when log in to your account, always keep safety for all your bitcoin and altcoin assets.

[error08]

To use bitcoin, it's a complicated thing from the beginning.
Someone has to learn the fundamentals of bitcoin, learn how to create a wallet (address) in a secure way, save the passphrase, or sign-up on an exchange learn how to use it, set the miners fee, and so forth. Everyone must go through that path if you want to use bitcoin, there is no shortcut or a way around, or else his bitcoin can be lost or he will be fooled by others.

[Shasha80]

Since I have the basic technology that I learned at university, there was no problem understanding technical bitcoin. But there are other
things that make bitcoin look complicated, which is about mining. I have several times learned about mining not yet understood fully, the
more studied the more confused my brain. Many mining terms are very difficult to understand, not to mention mining equipment which is
quite complicated to understand. After that the calculation of income that we get when doing bitcoin mining is the most complicated in my
opinion.

[Wintersoldier]

Yes, you are correct. UI is sometimes make the crypto currency more complicated because of technical terms. Developer must know how this terms make simple to avoid confusion and misunderstanding. As an IT student when I have a time, I hope I can make a way to simplify the process inside crypto currency.

I remember the transitioning from My ether wallet vintage to the new MEW right now, just to share my experience and might be helpful to bitcoin application developers. If they are to make an update to their applications, they should consider still providing the features they have, or to somehow notify the people about the changes that happen. Because most of the time, the most complicated thing is to search for the feature you already have before and once the application was updated, it is not available.

[sapnu]

Yes, you are correct. UI sometimes makes the cryptocurrency more complicated because of technical terms. The developer must know how these terms make simple to avoid confusion and misunderstanding. As an IT student when I have time, I hope I can make a way to simplify the process inside the cryptocurrency.

I remember the transitioning from My ether wallet vintage to the new MEW right now, just to share my experience and might be helpful to bitcoin application developers. If they are to make an update to their applications, they should consider still providing the features they have, or to somehow notify the people about the changes that happen. Because most of the time, the most complicated thing is to search for the feature you already have before and once the application was updated, it is not available.

I think the most complicated way about bitcoin is its volatility in terms of price because it is changing time by time, we cannot actually predict when it's gonna pump or dump so if we buy some tokens, we don't know when to sell or even buy more because what if in the future it dumps to a very low price and did not come back again. But you will regret that if you don't buy tokens and it pumps more than 200% of the tokens you bought. It is actually taking risks, if we lose, we should not lose hope and buy some more until you win.

[adaseb]

In my opinion and this is the reason why I think many fail to adapt to cryptos in general is probably the security of keeping your bitcoins or other cryptos safe.

Most people these days use Windows 10, and they usually got some malware and virus. If they get some bitcoins and keep it on their PC, there is a good chance it might get stolen. Even if they keep it on an exchange, chances are that most don't use 2FA and they usually re-use the same passwords and has an equal chance of getting stolen.

Hardware wallets and cold storage applications like Electrum work great, however try explaining how it works to your wife or your parents, they will get confused. I think there should be some safe solution and easy to understand how to keep crypto safety stored without the chance of theft. If this isn't accomplished then it will set back many people.

[AicecreaME]

The most complicated thing for me about Bitcoin (I mean all of the cryptocurrency) is the reversal of a transaction, like if you mistakenly sent it to another address, automatically it will be gone forever, for example is when you are sending in bitcoin but you sent it accidentally in a Ethereum address and vice versa. I think it would be great if they would upgrade it to a wallet where you could receive other coins but it will be on a spam address, something like that.

[ajeef]

I know it's sounds funny but i think the most complicated thing is the price. Why the price ? my brain is cannot accept it why a virtual currency which have no physical form and at the beginning the price is almost nothing becomes the greatest virtual currency in this world. I wonder why people are making the demands of bitcoins.

[MuffinMaster]

My biggest fear was that if I start receiving my payments in crypto (bitcoin) in place of dollars/euros will that be of any use. I know I can use dollars any time and at any place but can that be done with crypto also? This is was my biggest fear that kept me away from bitcoin for many years before finally moving in.