has bitcoin become too simplistic?

[Sanitough]

You are saying it on a newbie's point of view. However, if you have been here dealing the market and bitcoin longer, you will realize that bitcoin isn't complicated at all. You can always chose to buy, sell or make any transaction you want as simple as possible. That is bitcoin, never complex and never complicated, except for those who really don't want to learn bitcoin as they won't be open for any tips and suggestions that would lead to bitcoin. While bitcoin is hard for newbies, but that kind of concept will definitely change as you go through learning the process.

[CryptoYar]

[...]

Your comparison of Bitcoin users as car drivers is perfect since most of people use technology just because it is easy to solve problem and is focused on what Bitcoin does and not how it works. Like how driver has to trust mechanic, most of Bitcoin users are left to easy tools to handle technical details, which is very hard information in books such as Mastering Bitcoin, which is huge hurdle that cannot be passed by anyone to learn code. This balance is quite good for Bitcoin since to make it global success, small group of fans needs to sort out tough technical issues to make it simple, reliable tool that can be easily used by rest of normal users.

[Pmalek]

But in Bitcoin you're supposed to do all the thing alone.

If you think about it, there are not that many things that you need to know. And it's all basic stuff.

If someone don't know engine car and how to fix it, we can go to car service.
If someone have a trouble with their debit card, they can go to banks.

If someone have a problem over centralized exchange or wallet, then who they should seek?

If you have a problem with a centralized exchange, you contact the custodian who is in control of your money. It's the exchange itself. If you give them your bitcoin, you have to be ready for everything. It's their game and their rules. You are just the player, and you can get ejected. Knowing the difference between custodial and non-custodial is one of the basics of Bitcoin. Knowing how to generate a seed with a non-custodial wallet and protecting your keys is also basic knowledge. Understanding the hashing mechanisms and encryption that goes on in the background isn't mandatory knowledge for you to use Bitcoin safely.

[lizarder]

You are saying it on a newbie's point of view. However, if you have been here dealing the market and bitcoin longer, you will realize that bitcoin isn't complicated at all. You can always chose to buy, sell or make any transaction you want as simple as possible. That is bitcoin, never complex and never complicated, except for those who really don't want to learn bitcoin as they won't be open for any tips and suggestions that would lead to bitcoin. While bitcoin is hard for newbies, but that kind of concept will definitely change as you go through learning the process.

You're right, because someone who thinks it's complicated doesn't fully understand Bitcoin's history and may still be new to its involvement. Bitcoin is quite easy to understand once someone has entered the investment stage, and the various challenges that occur in the market will help them mature in their understanding of Bitcoin's journey. When someone wants to take an investment approach, perhaps the most important thing is a method or strategy for buying, and the rest is how to secure those assets to avoid the risk of loss due to storage errors.

The only reason it's complicated for those involved in trading is that it may require in-depth knowledge of how to enter and exit the market to avoid losses. That's why trading is considered difficult by some people because not everyone has the ability to see the potential in it, and if you take the wrong approach, trading can actually make someone lose money quickly.

[Ucy]

I think people tend to focus more on what matters most to them. The "interests" are one of the ways to know why they are really attracted to Bitcoin. And it seems few are attracted by the tech, principles and currency aspect of it. Such people are more likely to also focus on the technical aspect and able to understand it.
However, it's important to note that no matter how complicated or technically challenging something is, it can be really simplified or made easy to understand for almost anyone. This is what the technical people should be doing to carry everyone along.
It won't be a bad thing if Bitcoin especially the tech aspect becomes more and more simplistic. That will help increase the number of people participating in consensus, decentralization and running of Bitcoin, making it more difficult for few bad actors to try to take advantage of.

So if they are in it just for the money or to hold, making things simpler could encourage them to be part of its security, and consequently the security of their funds.

[moneystery]

...
but in your opinion, if majority of the people knew bitcoin and its basics but not the more technical part of it would you consider this as a success? is simplicity
the point of adoption?

How many people use smartphones today? Do you think they understand the kernel, the Android runtime, or native libraries? Of course not. Most people only use smartphones for their daily needs, they don't really understand these things because they're technical and not something they really need to use the device effectively.

The same goes for Bitcoin... as long as people understand the basics, it can be considered a success. Not all Bitcoin holders need to understand technical details like how the blockchain works, consensus mechanisms, etc. They only need to understand the basics, such as how to secure their assets, conduct transactions, appropriate investment methods, and understand the risks of Bitcoin volatility. If they want to delve deeper into Bitcoin, they can learn the technical aspects, but that may take time. But if they already understand these basic things, that should be enough.

[M47AK16]

You are saying it on a newbie's point of view. However, if you have been here dealing the market and bitcoin longer, you will realize that bitcoin isn't complicated at all. You can always chose to buy, sell or make any transaction you want as simple as possible. That is bitcoin, never complex and never complicated, except for those who really don't want to learn bitcoin as they won't be open for any tips and suggestions that would lead to bitcoin. While bitcoin is hard for newbies, but that kind of concept will definitely change as you go through learning the process.

It's not hard for newbies because newbies don't need to go in-depth to learn about Bitcoin and how it works. All they need to know are the basic things, like what Bitcoin is, how it works, how they can send and receive it in their wallets or exchanges, how they can buy and sell Bitcoin and then send them to their wallet from exchange, how they can keep their bitcoins secure, etc, etc. These things are not that hard to understand if someone is willing to learn, but if they are not willing to learn, then that's a different thing.

[Mahiyammahi]

but in your opinion, if majority of the people knew bitcoin and its basics but not the more technical part of it would you consider this as a success? is simplicity
the point of adoption?

I think Bitcoin should be kept simple. If you look at the big picture, only 6 percent of people are using Bitcoin. I want it to be used by at least a third of people. And that's what's needed when Bitcoin is presented in a simple way to everyone.

But that was also Satoshi's dream. So that we would have our own independent currency, without relying on a complex banking system, that we could transact with each other without any intermediaries. If we make it complicated, we will never attract new users. So the simpler the better.

[Ojinga]

There is no need for anyone who is just interested in investing to be bothered about the technical aspect of bitcoin and to me as long as we have more people who can simply just know how to buy, sell and invest or hold, then I would say it’s already a success because the primary goal of bitcoin was for people to simply send money to people to be able to transact without a third party and if that goal is achieved, then it’s truly a success.

I think people are already trooping in because of the simplicity which is because people are already understanding the basics of it which is the simple buying and selling.

[Dogedegen]

all they would know is how to buy, sell and hold and that’s it

but in your opinion, if majority of the people knew bitcoin and its basics but not the more technical part of it would you consider this as a success? is simplicity
the point of adoption?

Very few people in the world even have a superficial understanding of Bitcoin. Even fewer people have a deeper understanding, and those that understand it fully with or without the technical part are a tiny minority. Bitcoin may in some ways seem simple on the surface but it is a very radical invention that is extremely layered and complex. To understand Bitcoin from many aspects you must be schooled or otherwise educated in several different fields. As you can see most only think of Bitcoin as money or cash but that is a very simplified view of what it is.

Yes I will consider it as a success as long as they know how to make use of it and transact with it.

This is much better. I don't understand why users expect people to understand Bitcoin but at the same time they don't understand the fiat system. They don't understand central banks behavior, they don't understand inflation or anything related to this yet they use the money that they provide them. So why would someone need to fully understand Bitcoin? This knowledge will always be for a minority of people, those that choose for whatever reason to go deep into it.

[Felicity_Tide]

~snip

but in your opinion, if majority of the people knew bitcoin and its basics but not the more technical part of it would you consider this as a success? is simplicity
the point of adoption?

Do everyone necessarily needs to know the technicalities of Bitcoin?, No I don't think so. But do we need have a decent idea on how it works?, Yes of course.

From the abstract in the Bitcoin whitepaper, Satoshi called it a peer-to-peer version of electronic cash that would allow online payments. That is literally one of the most basic thing that every Bitcoiner should have an idea of. How to send and receive, i.e how to use a wallet is also something very basic. Technicalities does not determine it's adoption. For a product to have a decent adoption, it's usability most be as simple as possible, and Bitcoin is not exempted.

[tygeade]

You are saying it on a newbie's point of view. However, if you have been here dealing the market and bitcoin longer, you will realize that bitcoin isn't complicated at all. You can always chose to buy, sell or make any transaction you want as simple as possible. That is bitcoin, never complex and never complicated, except for those who really don't want to learn bitcoin as they won't be open for any tips and suggestions that would lead to bitcoin. While bitcoin is hard for newbies, but that kind of concept will definitely change as you go through learning the process.

It's not hard for newbies because newbies don't need to go in-depth to learn about Bitcoin and how it works. All they need to know are the basic things, like what Bitcoin is, how it works, how they can send and receive it in their wallets or exchanges, how they can buy and sell Bitcoin and then send them to their wallet from exchange, how they can keep their bitcoins secure, etc, etc. These things are not that hard to understand if someone is willing to learn, but if they are not willing to learn, then that's a different thing.

I agree, if you have a general interest in something, you won't have a hard time learning about it, because you will keep looking for as much information about it as possible, and once you do that, you will have a clear idea of how it works and what it is. I am sure this would be applicable for adapting bitcoin as well. All you need is, showing real interest on learning on how to use bitcoin securely.

Bitcoin might sound technically complicated, but in general, it's use case and everything aren't that complex if someone has a general know-how about using electronic devices and banking apps, etc. In modern days, just having a mobile phone is more than enough to adapt bitcoin and I guess that this is what exactly happening right now.

[irhact]

but in your opinion, if majority of the people knew bitcoin and its basics but not the more technical part of it would you consider this as a success? is simplicity
the point of adoption?

Bitcoin wasn't created for it's technical parts to be known by everyone, it was created for its simple use which is to send and receive money to be used. Not everyone is supposed to be mining Bitcoin but only those that understand how to do it and have the facilities to do that. Everyone is supposed to used Bitcoin as a currency and that's the aim. It can still be achieved because we have alot of time for adoption to still happen and it can start from anywhere. Most not start from a particular region so it doesn't get colonized. The more Bitcoin become simple, the more we'll be getting more adopters because alot of people still don't understand how Bitcoin works.

[Reatim]

I’m sure in the early days of gold, people cared more about how it came about and its insect knowledge while some even when as far as discovering new ways to mine it but as time went further till this day people only care about it as store of value and how much profit it could return and the status physical Gold gives when you put it on.

gold has become common even though it’s still considered as a valuable asset and one that is perceived by many as something not everyone can buy

by the loooks of it this is also what will happen with bitcoin, people will be well aware of bitcoin and it will be perceived as valuable

[Ultegra134]

Do everyone necessarily needs to know the technicalities of Bitcoin?, No I don't think so. But do we need have a decent idea on how it works?, Yes of course.

From the abstract in the Bitcoin whitepaper, Satoshi called it a peer-to-peer version of electronic cash that would allow online payments. That is literally one of the most basic thing that every Bitcoiner should have an idea of. How to send and receive, i.e how to use a wallet is also something very basic. Technicalities does not determine it's adoption. For a product to have a decent adoption, it's usability most be as simple as possible, and Bitcoin is not exempted.

I've been involved with Bitcoin for quite a few years now and if I'm honest, I don't know much about Bitcoin's technical nature. I know the basics, and that's about it. I've been holding for quite a few years and personally, that's the part I'm mostly interested in. I don't use Bitcoin as a payment method, and I doubt I'll ever do. Although it would be nice to go in-depth about Bitcoin's technical nature, it's not one of my priorities and right now, as it wouldn't be of much use, and this is the reality for most of us.

[Darker45]

To a great extent, yes. Adoption doesn't necessarily mean knowing how it works. That's true to Bitcoin. That's true to everything else. The great majority of the people all over the world don't even know how exactly fiat works despite trusting and using it for generations. If people know what Bitcoin means, how it's bought, spent, securely stored, and the like, that's more or less enough. Adoption doesn't require users to be an Adam Back or Andreas Antonopoulos.

[aylabadia05]

<snip-
all they would know is how to buy, sell and hold and that’s it
but in your opinion, if majority of the people knew bitcoin and its basics but not the more technical part of it would you consider this as a success? is simplicity
the point of adoption?

Not all Bitcoin users possess detailed technical knowledge of Bitcoin, although it's essential for everyone to master. However, I find that a basic understanding of its advantages, disadvantages, risks, how to buy and sell, and how to keep Bitcoin safe is sufficient.

Once people reach that level, they'll naturally be encouraged to seek something more than the basics. While theoretically it may seem easy, in reality, it's challenging to achieve, although nothing is impossible as long as someone is willing to learn.

[Alana Arden]

Bitcoin is tell as complicated as it is made to be, but in reality Satoshi did not make it as complicated or difficult as it is. It is just a simple process of technology. However, currently Bitcoin is being presented in a very simple way, due to which the more people come to Bitcoin, the more its importance increases, and due to the ease of explanation, Bitcoin has reached a point where ordinary people are able to use it.However, because many do not have enough technical understanding, they just buy, hold, and sell. It is like a phone—not everyone knows how the internet works but can use a phone. In a sense, this is not bad because easy use means reaching the mainstream. If everyone can use it safely without knowing the technology, that is actually success. However, knowing the basics increases awareness about safe transactions and privacy. Because in the end, Bitcoin will survive not only on use but also on understanding.

[henry_of_skalitz]

To a great extent, yes. Adoption doesn't necessarily mean knowing how it works. That's true to Bitcoin. That's true to everything else. The great majority of the people all over the world don't even know how exactly fiat works despite trusting and using it for generations. If people know what Bitcoin means, how it's bought, spent, securely stored, and the like, that's more or less enough. Adoption doesn't require users to be an Adam Back or Andreas Antonopoulos.

Fiat is just longer on the global stage.

BTC is the alternative everybody will want in the future if they don't want to be bound to the system they do not control.

 

[palle11]

but in your opinion, if majority of the people knew bitcoin and its basics but not the more technical part of it would you consider this as a success? is simplicity
the point of adoption?

I think bitcoin is already a success because historically more people are aware of what it is and its uses, they are also using it. The concern mostly is its uses not technical aspects of it and that is why the growth and dominance is increasing. Those who are looking at the technical aspect are not much and they are those concern with mining and are not contributing alot to the numbers of the huge numbers of ordinary users of bitcoin. Investors, traders and holders form the numbers of the basic users which contributes to the adoption, awareness and popularity of bitcoin