Is bitcoin difficult to understand

[famososMuertos]

there are many ways to explore knowledge about bitcoin, now it is sophisticated, open Google, there must be a lot of discussion about bitcoin as long as there is a will, I am sure it is fast to find out bitcoin.

It is easy! bitcoin is a currency that allows the exchange between two people, a simple p2p ...^-/1/-

When bitcoin is consolidated or let's say the adoption is massive, people will forget the technicality of bitcoin and will be 100% operational.

What happens with current banking or traditional banking(!?) you don't see anyone asking what traditional banking supports, how a transfer works, etc.

Actually, before learning advanced concepts of bitcoin, the first thing to do with those people who want to discuss bitcoin, is to correctly explain what you know of your bank or what you think you know of your bank and contrast the benefits of bitcoin...

... but people are so ignorant of how traditional banking works that they really ignore the disadvantage that exists, even things as simple as blatant account maintenance fees, transfer fees, consultation fees, how they take your money and reinvest it at rates of loan "sharks" reimbursement.

The above is only a small section, but concepts such as custody, decentralization, etc. should be explained within what people "could" know about traditional banking, but many of these people do not understand traditional banking in its technicality only It is interesting for they to be operational... so the explanation of bitcoin in its global concept seems to them a unicorn.

So please don't take it "ambiguous" is what I understand in your answer with ... "now it is sophisticated, open Google,"

-/1/-: "Bitcoin is an innovative payment network and a new kind of money"
Source:https://bitcoin.org/en/

Let's not be so sophisticated or just try to solve with "open Google" we can start with something simple and so simple like a link that really helps to understand bitcoin with the basics and if you want to become an expert in bitcoin/Bitcoin.

[1714886609]

1714886609

[1714886609]

1714886609

[1714886609]

1714886609

[coupable]

In its earliest days, it was almost impossible for ordinary peoples to understand and use bitcoin. Nowadays, it's easy to use, however, it's still difficult to understand the technology itself. At the same time, i think it's not necessary for people to understand the code behind bitcoin in order to use it .

[Alanaz]

At first it was difficult to study the world of cryptocurrency when we first started struggling in this field. and this I feel myself because when I saw bitcoin I was immediately interested but did not understand the basics of the crypto world itself.
but for now it is actually very easy when we are serious about wrestling with this world (Crypto World) a lot of discussions about crypto and bitcoin start from articles, videos etc. and in this forum there is actually a lot of knowledge that we can take, especially in bitcoin.
it depends on the person who wants to learn it, whether it is really true or just following the trend.

[boyptc]

In its earliest days, it was almost impossible for ordinary peoples to understand and use bitcoin. Nowadays, it's easy to use, however, it's still difficult to understand the technology itself. At the same time, i think it's not necessary for people to understand the code behind bitcoin in order to use it .

Yup.

The code or technicalities, everyone don't have to dive in if they're buying bitcoin as an investment. They only have to understand common terms and important details like wallets and addresses.

But as time passes, a newbie investor will eventually learn those things and it's up to them to dig to know more about the complicated knowledge and information about it.

[Dannaey]

Bitcoin is hard to understand for those people who are not tech-savvy. Of course, they won’t be able to adapt easily. Bitcoin was invented to improve our lives, but then this high technology is not that user-friendly from the point of view of those in the Xennial generations.

[romero121]

Bitcoin is hard to understand for those people who are not tech-savvy. Of course, they won’t be able to adapt easily. Bitcoin was invented to improve our lives, but then this high technology is not that user-friendly from the point of view of those in the Xennial generations.

Bitcoin isn't hard to understand, it completely depends on the person briefing it or the article which the user take for knowledge grasping. Another thing there is difference between BlockChain and Bitcoin. We need to be clear about it, Bitcoin and blockchain are tied together. We can have a book for BlockChain and not for cryptocurrencies.

[Gamerholic]

If you look back and look at the path that bitcoin has traveled from the beginning, that is, from the first block chains and look at what the community has become during this time and what the market has become, you can understand that this path is impressive in its events, milestones and, most importantly, quite lengthy. time. For such a period, any person who would be interested in what it is and how it works would have already become an expert. We can find such a huge array of blockchain information on the Internet today. It is surprising that something is still incomprehensible to someone.

[dbkeys]

The bitcoin blockchain is an accounting book. New pages (blocks) are added approximately every 10 minutes. These pages have the transactions, where one account pays a certain number of coins to another account.  Miners are the ones who get to add new pages to the accounting book; if they win the competition to be the one that adds the next page, they are rewarded by being allowd to create some new bitcoins for themselves on that page. That is now 6.25 bitcoins (it goes down by 1/2 every 4 years).

[ECOS_CloudMining]

Today, after 11 years of BTC life, there are a lot of different books, films, articles about crypto. That’s good because many people really don’t completely understand the role of crypto in the modern world and the possible future of digital currency. When the speech is about the films, we memorize the first video about BTC by Stefan Thormas. Also you can read helpful articles and guides on the blog at our website.

[CLS63]

Bitcoin is hard to understand for those people who are not tech-savvy. Of course, they won’t be able to adapt easily. Bitcoin was invented to improve our lives, but then this high technology is not that user-friendly from the point of view of those in the Xennial generations.

I agree with you. Especially old people who are living really isolated from new technologies have big problems on understanding it. Bitcoin has a totally different technology behind it and it is different from fiat money in many ways.

[iTradeChips]

If you are going to ask me, I find it difficult to understand the workings of Bitcoin at first. Especially not without anything like a manual or video that would explain how it works. Even if I watch a youtube video or two about Bitcoin, I still won't understand the workings of it. Only with constant dealing with other people and also doing Bitcoin bounties, downloading wallets, and doing Bitcoin yourself sending and receiving transactions, that you will slowly understand how it works.

[NelfiNovita]

for beginners it may be difficult to understand cryptocurrencies. beginners must have a teacher to guide them to quickly understand crypto currencies, especially bitcoin, if they are not guided, I am afraid they are wrong in acting and they will experience a little loss and can experience very much loss.

[geegaw]

If you are going to ask me, I find it difficult to understand the workings of Bitcoin at first. Especially not without anything like a manual or video that would explain how it works. Even if I watch a youtube video or two about Bitcoin, I still won't understand the workings of it. Only with constant dealing with other people and also doing Bitcoin bounties, downloading wallets, and doing Bitcoin yourself sending and receiving transactions, that you will slowly understand how it works.

Indeed, the idea of a system that is quite independent of banks and governments but it is impossible to understand what resources can sustain the life of this technology, a lot of questions arise as soon as we know about bitcoin. Finally, a synthesis of knowledge over time, the concepts of bitcoin just need a basic level, it is important that we understand how to make a profit by investing and trading between projects, deeper concepts of a modern system with bitcoin are unnecessary as it does not support us here

[izsara]

bitcoin is arguably difficult but easy.
It is difficult when we are not careful in analyzing the chart, moreover, many people are just starting to learn cryptocurrency and immediately analyze it, it feels difficult because they are not yet experienced and do not know more about bitcoin.
but on the other hand it will be very easy when we have started to really know bitcoin by knowing how coins work and how charts so it is very easy to open positions in trading.
should be before we plunge directly into the analysis of charts and others we should first study properly because this is one of the easiest options so as not to suffer losses

[ampu]

Safemoon is a phenomenon on the BSC and it has made many people rich. Projects starting from 'Safe' have been mimicking the trend when there is SafeBNB, SafeBTC ... These cryptocurrencies are very new, have the same Base token mechanism, the number of tokens created is huge and valuable for each token is very low. That is the reason why their value increases rapidly, making people not notice the zeros after the diacritics have been narrowed.

[Desmong]

Learning about bitcoin and the entire crypto currencies shouldn't be a difficult thing. You can always get materials like free and paid pdf online inwhich you can read.

[DarkDays]

In its earliest days, it was almost impossible for ordinary peoples to understand and use bitcoin. Nowadays, it's easy to use, however, it's still difficult to understand the technology itself. At the same time, i think it's not necessary for people to understand the code behind bitcoin in order to use it .

I agree. For normal people, Bitcoin can be difficult to understand despite all of the information out there. In fact what makes it difficult is because there are too many resources (some not legit) and it will be difficult to choose those that are legit.

Another reason is that people could easily fall prey to scammers. So, unless these people have some one close to learn from it would be difficult.

[Myleschetty]

Learning about bitcoin and the entire crypto currencies shouldn't be a difficult thing. You can always get materials like free and paid pdf online inwhich you can read.

You're right but the mathematical aspect of the mining and in-depth knowledge of cryptocurrency without having some knowledge in coding or cryptograph is very difficult to understand and I believe this is what the OP is trying to point out.

[Alanaz]

if we are serious about bitcoin, it is not as difficult as imagined, it is very confusing at first, but if we are serious, it can be done. This is according to my personal experience because the first time I knew crypto was bitcoin at first and I thought for the first month to delve into it it was very difficult and I did not understand at all. but after I studied it earnestly it turned out not to be as difficult as I thought. just need diligent process and learning

[Gamerholic]

Education and understanding of blockchain technology is very important for the entire market and the further growth of the community. For a long time and until now, this area in the understanding of the mass of people is the lot of programmers or some people associated with the world of high technologies. This opinion needs to be turned around because only after most people realize the importance and benefits of bitcoin and alternative cryptocurrencies, the attitude towards it will change. We need educational programs designed for the mass consumer and ordinary users.