Bitcoin isn't complicated but the fiat system is!

[Findingnemo]

While I was scrolling Reddit one post caught my eyes

Bitcoin is too complicated" ~US Dollar user



_{*you may have to download and zoom in to get in details}

I just want to show this to whoever says Bitcoin technology is too complicated for a common man and then ask them to explain this which they have been using day to day and whether any of 'em got any idea what is going on behind their preferred method

[pakhitheboss]

I just want to show this to whoever says Bitcoin technology is too complicated for a common man and then ask them to explain this which they have been using day to day and whether any of 'em got any idea what is going on behind their preferred method

A common man is born into the fiat system and is taught by his parents, friends and colleagues how to use it. Bitcoin is still new if we compare it with fiat and is slowly getting adopted. Give it some time and it will be simple to understand in the future than in the current time. The children of El Salvador will be far much educated with Bitcoin and the tech than those children in counties where Bitcoin is still a mystery for most of the population.

[bittraffic]

^
Although fiat known to us since the time we we born, I hardly know anything about it until the time I read the history of how money started. Which even in the old times, we were using some sort of stuff that is rare to acquire to be used as currency.

But I seriously agree that Bitcoin is not complicated. I have a living proof of it right here https://x.com/RudyHavenstein/status/1806032936111685780

[Felicity_Tide]

A child who hasn't learned how to ride a bicycle will tell you that it's very difficult, while the one who has been riding for months will tell you it's very simple. We all came into this world to find fiat currency as a major/general means of exchange. We had no choice but to accept it, and we didn't even bother to understand its technicalities and everything that happens behind the scenes. If I were to conduct a survey by presenting the mapping that appears in this thread to 20 different people, I don't think one person could explain everything. Isn't there already a complication?.

Personally, I don't understand everything written on that map, but I can choose to understand it just by my decision.

Just as Bitcoin has its own technicalities, fiat currencies also have their own, filled with corruption and centralization that only the issuers of these currencies can see, which is clearly unlike Bitcoin.

Bitcoin has its own technicalities, I won't deny that fact, but that doesn't stop anyone from learning how to perform a basic transaction by just copying and pasting an address, then inputting a specific amount. Moreover, some wallets are as simple as possible making it very easy to learn.

So, I think those people who think Bitcoin is complicated are only referring to the technical part, which I don't think they must learn if they are not willing to. Just learn the basics, like how to buy, make transfers, etc., because that's what we literally do with fiat currency.

Let's stop paying attention to these people who are not willing to learn, just like a child who is not willing to learn how to ride a bicycle, but make a complain of it's difficulty.

[AVE5]

While I was scrolling Reddit one post caught my eyes

Bitcoin is too complicated" ~US Dollar user



_{*you may have to download and zoom in to get in details}

I just want to show this to whoever says Bitcoin technology is too complicated for a common man and then ask them to explain this which they have been using day to day and whether any of 'em got any idea what is going on behind their preferred method

For users who aren't good to trace illustrated diagrams, I think it'd still be technical for them to understand this and get conveniently convinced.
Let's don't do justice by the display this diagram because  nomatter how you try to simplify the complexity of bitcoin, it will still be complicated to some person's atleast considering the fact that it could be a digital currency and also serves as assets on decentralized blockchains which isn't supported by the government. Besides bitcoin is still a new technology even though it has existed for about 15 years now.
If we must be realistic, individual learning capacities differs and so, there're also people who suffers on technical factors which bitcoin is evolved with technicalities.

[Knight Hider]

A common man is born into the fiat system and is taught by his parents, friends and colleagues how to use it.

What Findingnemo is saying is that using fiat money doesn't mean you understand how it works.

[Antotena]

I just want to show this to whoever says Bitcoin technology is too complicated for a common man and then ask them to explain this which they have been using day to day and whether any of 'em got any idea what is going on behind their preferred method

I have always tell people that what I have learned and understand about Bitcoin under 2 years, I don't understand what the fiat system has thought us, they will keep making the system difficult for everyone yet the fiat is harder and harder. It's under fiat they will tell you this one is bond, this one is treasury bill and the other ones are financial instruments and what all of them are saying is fiat money and nothing more, even your image is nothing but the same fiat, it's their complexity about money that brought us to high inflation they fight every year.

Where as Bitcoin doesn't have to deal with all these processes, even on the network aspect, it's just sending from the sender to receiver, the only little complication in it is the nodes and miners that does the validation and comfirmation of the transactions but fiat protocols is like going to a world War where you don't understand anything but you just fight for survival.

[serjent05]

Looking at the diagram, fiat system is really complicated but one don't have to understand that to spend fiat.  While Bitcoin system might be a little less complicated, many people are still baffled at how to create a single transaction with it.

Spending fiat is not as complicated as sending Bitcoin.  A person can transact with fiat currency with cash and outright hand over the money to the seller without waiting for the validation and confirmation of the transaction.  While a person who wants to use Bitcoin for a transaction needs a gadget, and application for the transaction and needs to wait around 10 minutes for the transaction to be confirmed if the deal is done through P2P.

With that many see paying with Bitcoin as way more complicated than just handing over cash to seal the transaction.  Since fiat currency can be spend anywhere, it is way more convenient and simple for a person to spend it than BTC.

[Doan9269]

There's no complications in bitcoin except those that have found it difficult to comprehend on learning new things, there's nothing heard from understanding what bitcoin is and how we can as well join from the way we see it, bitcoin is what others should see as the simplest thing to do because it will be the tyoe that can help change someone's story for good and not to use it as money, but through it, we can comfortably discover the way bitcoin is meant for others, fiat system is more complicated because it's being controlled by central

[Sandra_hakeem]

I just want to show this to whoever says Bitcoin technology is too complicated for a common man and then ask them to explain this which they have been using day to day and whether any of 'em got any idea what is going on behind their preferred method

Uhmm.. The Bitcoin and Fiat systems are both complicated; what makes people complain about the protocols in bitcoin is that they had to learn about the new system. Secondly, the decentralization makes everything under your own control...in a broader sense, you're entitled to perform every action that the banking systems and third party does, which makes it more complicated.

Just imagine a situation where you made a transaction with a lower fees and it got stuck for sometime; you'd have to manually pump the fees ... That's gonna force you into learning how to RBF or CPFP. Meanwhile in the Fiat systems, all you gotta do is visit your bank branch and the customer care would do the rest.
Edit:

The protocols are/will be abstracted away with wallets, ETFs, exchanges and the like over time.  

It's actually good to learn things the hard way atimes.

[cr1776]

I just want to show this to whoever says Bitcoin technology is too complicated for a common man and then ask them to explain this which they have been using day to day and whether any of 'em got any idea what is going on behind their preferred method

Uhmm.. The Bitcoin and Fiat systems are both complicated; what makes people complain about the protocols in bitcoin is that they had to learn about the new system. Secondly, the decentralization makes everything under your own control.

The thing is, people don't need to know about the protocols in bitcoin just as most people don't need to know how a CPU, storage (HDD, SSD etc) or memory work.  They don't need to know about TCP/IP, SMTP, DNS, HTTPS, NTP or other internals of the internet work.  The protocols are/will be abstracted away with wallets, ETFs, exchanges and the like over time. 

[Zaguru12]

A common man is born into the fiat system and is taught by his parents, friends and colleagues how to use it.

What Findingnemo is saying is that using fiat money doesn't mean you understand how it works.

Exactly his point, to even buttress what he said, there is no point in know some of the technicals of the bitcoin network if you just want to be mere user and not something like a developer or even node user. All you need is understanding the concept of how to set up your wallets properly, how to send your funds properly; knowing the required amount of fees to pay, when to bump your transaction and other little details, which are what the fiat currency also does. Things like how can you get to have collision with seed phrase are not that so necessary.

I only see people bring about the complexity of bitcoin technology as a whole propaganda to either shy away from using it or spread FUD and nothing more

[tabas]

What did we even know about Bitcoin when we first heard of it? almost nothing until we get curious about it and start learning about its technology and ecosystem. And if both are complicated, do we even need to know how fiat's are made and where they have been made from? no. And that's the same goes for Bitcoin, a user, a holder, or an investor doesn't need to know all of its technicalities because they really are going to be complicated if you're not fond and knowledgeable about it. The basic matters don't have to be complicated at all and it is not requiring a lot of knowledge to be understood. What is important is the value that they have and what it brings to the person who has it. Like for that fiat lover, he'll never understand the importance of bitcoin and it's his own choice to make it look like complicated on his own mind because that's what he's believing and chose to stick with.

[BitGoba]

Economist Saifedean Ammous, who wrote the book "Bitcoin Standard," which explains the deeper economic and technical aspects of Bitcoin, has also written "Fiat Standard," where he explains the fiat system. I believe these two books are essential reading for anyone who wants to understand Bitcoin and how the fiat system works.

[stompix]

I just want to show this to whoever says Bitcoin technology is too complicated for a common man and then ask them to explain this which they have been using day to day and whether any of 'em got any idea what is going on behind their preferred method

First, that's not how the dollar works, that's how the entire US economy works, you think that if we change from USD to BTC pension funds or insurance or lenders or the SEC/CFTC would disappear? Why would hey?

Second, the average Joe doesn't give a rat's ass about all that, he knows the gets his wage on a card, he knows he can check his balance at any time and see how much he has in $, and he knows he can swipe it at any pos and pay in a second! On the other hand, just go to the beginners and help section here and see how many people are in trouble because they don't know how to select a fee or know the difference between byte and vbyte or their transactions are stuck and they don't know how to fix it!

And you can see the results for yourself, how many people use Bitcoin, and how many a cc card?
Let's not lie to ourselves just because we ant something to succeed!

[Stepstowealth]

...

It is just some people's excuse to say that bitcoin is complicated and this people are either too lazy to learn about bitcoin or have the opinion from other people. if bitcoin is legal and it is something that everyone born is introduced to as a normal thing, people will actually learn about it and not complain about any form of complication. The reason why people still complain about complication is that, bitcoin is not yet  accepted and the resources that make this information less complicated are not available to everyone.

[Helena Yu]

Why Average Joe need to understand fiat system?

Most people don't care how fiat system works, what they care is how to earn as much as they can and knowing the charge or penalty when they saves their money in banks.

Unlike Bitcoin, there are so many traps, either you downloaded fake wallet or custodial exchange, you might invest in fake Bitcoin (Bitcoin in centralized network), you might get scammed for not knowing "confirmation" is very important since they could double spend the transactions etc.

[ancafe]

I just want to show this to whoever says Bitcoin technology is too complicated for a common man and then ask them to explain this which they have been using day to day and whether any of 'em got any idea what is going on behind their preferred method

Because of the habit of using fiat and people think the bitcoin system is complicated, we were born from an environment of people who use fiat so it is natural for people to say the process is complicated. But what needs to be underlined is that nothing is complicated if people want to learn and they can learn to understand. The growing technological journey will make it easier for people to understand the bitcoin system and now there are many people who know technology so that it can help understand the bitcoin journey system.

Technology used to be very limited and only a few people had access to the internet but now we can see bitcoin adoption becoming more widespread. This is due to easy access, the internet and increasingly developing technology. The point is that every new thing needs to be learned and nothing is difficult when people want to learn to understand.

[lovesmayfamilis]

A common man is born into the fiat system and is taught by his parents, friends and colleagues how to use it.

What Findingnemo is saying is that using fiat money doesn't mean you understand how it works.

Taken out of context?
But I will also argue that until we know something better and more detailed about the subject, everything will seem complicated to us. Now is the time when new technologies are changing the world; only the adult and elderly generations will have difficulty understanding. All those who know how to understand the Internet a little better than using social networks, master Bitcoin, use its wallets, and understand the importance of their seed phrase will be able to master it very quickly. Remember the importance of your PIN codes? Did people need to explain for a long time the importance of not disclosing them?

[re-start]

In my opinion, the fiat system has many complications that ordinary people do not know about. We have only used the fiat system since we were born and most of us don't know about this system and how they control it. But Bitcoin is a new payment system and people are curious about it, and I believe that in the coming years, the blockchain and bitcoin system will destroy the fiat system.