Bitcoin isn't complicated but the fiat system is!

[Zlantann]

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.

Bitcoin technology is new, so it will remain complicated for people until they become familiar with it. I have used Fiat all my life and don't know how the system works. I just assume that the government gives orders to the printing and minting companies of my country for them to print a certain amount of notes. The money is moved to the central bank where it is distributed to commercial banks. And that's just the layman's perception about fiat.

Now people think fiat is less complicated because you don't need to check the mempool to see how much you will pay for transaction fees. You also need to check the price of Bitcoin to ascertain how much you will get if you buy or sell. You also need a phone or internet connection to carry out a transaction and there are also concerns about the safety of a wallet. One also needs some level of education to use a Bitcoin wallet because you need the ability to read and understand some details. They assume that if you have physical fiat, you can just easily buy all you want without much restrictions.

[GbitG]

That is basically an infographic putting together everything that is connected to the fiat system, and we can't deny the fact that the system has been around for hundreds and thousands of years, it just kept changing and developing, so I think it's fair to say that it has a lot of connections all around the world and we aren't supposed to put them all in an infographic and say how complex the system is because every system in the world would look like this if we keep connecting chains.

The complexities people usually talk about are the storage and use cases of both Bitcoin and fiat, and what they want to say is that using or keeping fiat currencies is easy because you simply put them either in a bank or at your home, and these things are learned as you grow up, but when it comes to Bitcoin, the process is undoubtedly a bit complex because a normal, non-technical person cannot understand it easily.

[Promocodeudo]

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.

Yea, choice is individual decision, so no matter how we try to convince someone once he doesn't Believe in what you are saying there is absolutely nothing you can do about such situations, to individuals who choose fiat over Bitcoin, they feel that Bitcoin is a complicated innovation as the op said the same is applicable to bitcoiners, this is just understanding difference, every Bitcoin enthusiast, more expecially people that has been in the system for a while understands that Bitcoin is a valuable asset that requires a longterm mindset to achieve from the investment but for a novice that has chosen fiat instead of Bitcoin unless he see some evidential proves of what you have achieved so far with Bitcoin, there is nothing you will tell such person that will make him or her to belive that Bitcoin is a good investment unless such individual wants to try the investment based on his interest.

In the aspect of technicalities, I don't think is must for everyone to be involved in that as you said, in whatever investment we choose, the first thing to learn is how things are been done after that, we are good to go may be we can acquire more knowledge when we are fully involved in the said investment.

[Hatchy]

The problem with fiat all started when government and banks became too greedy and went on printing too much fiat, causing it to have less worth due to excess supply. Money is meant to be scares as if there's supplus, it becomes a problem for the economy of a country. How? A single man can decide to keep so much of their fiat locked up somewhere and try manipulating the whole economic system. Every common man from his child hood to becoming an adult had a single currency and some countries tries to teach them the history of their fiat in basic school. Still they can't fully understand the mystery behind fiat system and why it continues being a bit complicated. Bitcoin is new but still we can't compare it to fiat. The idea about decentralization has made Bitcoin stand out from all other currencies out there as no one, not even the government can control the system making it have less complications from confused leaders who try to manipulate the market system thereby causing fiat to drift alongside them.

[mirakal]

The Fiat system is easy to understand because we don't need to use gadgets but bitcoin does which makes any person who doesn't have a good background about how new technology works will definitely say, I prefer fiat. In fact, in my country, even when using ATMs still a lot of people don't know, they ask for assistance from others. That is much more if the system is not the system we have known since childhood.

Maybe for this young generation, it was easy for them as they are exposed already but I'd never see this as adaptable to the oldies people, they certainly take what they understand fully rather than learning new things. And I expect mixed opinions from people as it depends on their current situation and adaptability.

[crwth]

I think the part where it is being talked about as complicated is very different from how and what it is used for.

For a non-tech savvy person, you would really be overwhelmed with how bitcoin is used and just sending it requires a lot of things like Wallet​, Internet connection, Address that you are going to send to. I really think it is complicated for people who aren’t really exposed to that.

As for the dollars, Fiat system, It is really easy. You just have to give the cash and then minus the difference from what you are buying or something.

I’m not saying that bitcoin hasn’t been converted into something easier but in general it is complicated compared to just using cash.

[kryptqnick]

Oh yes, I've seen this image or a similar one before, and since then I regularly point out that fiat is not simpler than Bitcoin. What is simpler is usage, but that's something that can be simplified and sometimes is simplified with Bitcoin, albeit at a cost of decentralization. But fiat doesn't have decentralization and that doesn't seem to bother most people. So Bitcoin can be similar to fiat in that regard.

[legendbtc]

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.

How will Bitcoin destroy the fiat currency system? Do you think governments accept and legalize bitcoin only to destroy the fiat currency system they have built for thousands of years? Is the government that stupid?

While we are bitcoin investors and always want it to become popular worldwide, we also need to be realistic and not spread misleading narratives between bitcoin and governments. Don't exaggerate unnecessarily about bitcoin and don't make governments hate bitcoin more just because we spread false rumors. If you have ever read bitcoin's whitepaper, you will know that Satoshi created bitcoin not to replace or destroy the current monetary system.

[SickDayIn]

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

This is a great image, however it's a little confusing how the Tether stable coin is included in the chart. It would really be great if it only included fiat based systems. I guess the thing is though, as much as this chart tries to capture the complexity of the US dollar monetary system, there are so many other connections that are not covered, just because of the complexity and unknown unknowns involved.

[stadus]

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

Bitcoin will only be complicated for those who are not open about bitcoin education, thinking that it will always be difficult for them to use and spend it for daily basis unlike fiat wherein they are born using that. However, for those who are always hunger for new technology, just like bitcoin, instead of seeing it as quite difficult and complicated, it turned out that they get more excited and interested using its new innovation. There is really nothing that we can’t learn from bitcoin, as long as the eagerness and motivation is present, and patience of course who will help you learn immensely.