Bitcoin isn't that Complex after all.

[0x000369]

I agree with un_rank Bitcoin is designed to be simple on the surface even though the technology underneath is crazy complex It's just like the internet or email I have no idea how TCP/IP works but I can send an email no problem

Alpha Marine and Sticky Bomb hit the nail on the head too People's brains just shut down when they hear "cryptocurrency" "blockchain" "decentralized" They immediately think it's not for them

But like khaled0111 said for 99% of people all you need to know is 1 How to get a wallet 2 How to keep your seed phrase safe (THIS IS THE MOST IMPORTANT PART) 3 How to send and receive

That's it You don't need to understand mining difficulty or UTXOs just to buy and hold some sats The problem is people get introduced to it the wrong way like khaled0111's friend talking about mining right away of course that's confusing the monetary part is the easy part It's digital gold There's only 21 million Buy it and hold it the rest is just details unless you want to learn more

[Darker45]

We don't have to learn everything about Bitcoin to be able to appreciate it. For the larger part of the population, it's enough that they know the basics. If they know how to make use of Bitcoin, to take advantage of its features, they're good to go. We don't even have to thoroughly understand the language in which Bitcoin is written to find its beauty and purpose. That's the same rule that applies to almost everything else, even nature, even life itself.

[GK_lior]

Now the question I asked myself is, where is this complexity tied to exactly?, is it the monetary aspect or the technology itself?.

[/quote]
It tied to not been able to finger out the next move, you not understanding if it will rise or fall, if your calculation is right or wrong, it may seem easy to you as I esports but for a beginner it really complex

[knowngunman]

I have always tried to imagine what a beginner or someone who isn't familiar with Bitcoin thinks about it. Don't we think it's worth questioning why people just choose not to show interest in certain things despite how massive they can be?.

No, it's a cross of boundary to question people why they have no interest in Bitcoin. Although relationship matters in this case but no matter how close you are with them, if they make it clear they are not interested for known and unknown reasons, you ought to respect their choice and not attempt to persuade them.

Personally, I feel Bitcoin isn't that complex after all. what matters as a beginner is what info we are exposed to, and what we end up growing with while still evolving round the space. Sure, there are some things we call technicalities, but I don't think they are actual criterias for beginners.

And this is where the problem is. Having access to information is one thing and having access to right information is another. Many have access to information either directly or indirectly but not the right information which is the reason we are here today. The older generations were meant to believe that Bitcoin was just like other Ponzi schemes that they involved themselves in and got raked. Of course, this were misleading information but some of them don't longer care to listen to right information.

[Bryan jessy]

The complexity of Bitcoin depends on the individual's exposure and knowledge about Bitcoin. To someone who is just getting to know or hear about Bitcoin it will serve as a complex thing, and the information will be very difficult for them to process, rather than an individual has been into Bitcoin, and understand literally everything about Bitcoin.
The complexity may vary amongst individuals, also Bitcoin requires more than monetary and technical fitness, as people need to also be psychologically fit too to bear the later outcome.

[Marvelockg]

So, if I may ask a general question, what exactly do you understand about Bitcoin and you satisfied with what you already know?.

There's nothing too complex about bitcoin and apart from those that engage in the technical aspect of bitcoin, you don't need to get too technical before you can delve real good into bitcoin. If you're even an investor, what yiu need is more of funds that helps you invest and less of a technical knowledge. Most of the big players might not necessarily be all that technical. Get the basic knowledge and get started In your investments and tye rest comes into play in the process of your investment.

[mu_enrico]

So, in other words, does this actually removes a basic level of complexity which makes someone with a basic knowledge entirely different from others who sees it as a big deal?.

Yes, just like a good tech product, you don't need to know everything in depth to use it. It's only needed if you want to build a career in Bitcoin or blockchain, for example, by developing new apps, wallets, exchanges, and so on, or if your hobby is programming or computer science in general.

For usage, tokenomics, and other top-layer concepts, they can be learned fairly easily, and most people probably only need to understand those parts.

[fredericktaylor]

I realized the only way to answer this question is to simply try to remember how I got to understand Bitcoin and what I was able to understand exactly. To me, it's monetary aspect was very easy to process, and some basic part of it as a Technology was also there to brush up my own way of understanding Bitcoin. For others, it might differs, but the end goal is still to understand Bitcoin in our own ways.

Bitcoin is not a complicated or difficult subject. Those who are interested in learning about Bitcoin can learn about Bitcoin in any way. I think that investing in Bitcoin does not require much knowledge or money at the beginning, it is very important to start investing with prudent money in addition to having basic knowledge. Over time, a person can gain specific knowledge about science and increase his confidence, but for this, it is very important to have his own interest in learning. Those who have actually learned or understood about Bitcoin have invested in Bitcoin and held it for the long term because Bitcoin long-term investment system. If you want to get success buying Bitcoin, you can hope by patiently waiting for the future.

[Perfectbaby]

Most challenges beginner are facing today is not the technical aspects rather they have failed to read and to understand things about bitcoin, to be realistic with you all information that we need to know and study about bitcoin is always on the internet and also in this forum, bitcoin is no longer new neither is it that hidden that people can't understand anything about bitcoin.
To be frank, what makes most people not venturing into bitcoin or seeing it as something that is too complex for them is, volatility aspect of it because they needs to understand and also accept the volatility before venturing it otherwise, they could still face difficulties to study anything that relates with bitcoin and as I know whomever that lost their hand earned money at the verge of learning bitcoin would never put interest to learn because already their heart would be compromised and human aren't happy when they lose their money knowing or unknowing due to ignorance the wouldn't have that interest to study about that thing again.

[Hypnosis00]

Bitcoin isn't that complex if you take some courage and motivation to learn bitcoin the best way you will understand. With that, participating in the forum discussion could be the most effective way to understand, not only you will learn, but you can also share some relevant information from your researches and make others learn from you. And I must say, with constant participation in the forum, my learnings about bitcoin continue to increase and grow. And there's no stopping learning bitcoin, because if you do, you will not be updated about bitcoin anymore.

[sunsilk]

Those dudes answering quickly that it's too complex for them to invest is because they have never spent any of their time learning it.

Bitcoin is true not complex at all if they have spend a moment for learning about it. And that's because every resource can be found online, there are videos of explanation if they have some questions, articles and websites that are helpful and mostly, this forum and the community that it has got to answer their questions freely.

Maybe it's also due to laziness and the bad rumors that they have heard about it like the hacks and the volatility of it. Well, it's possible that it's not for them too so they find it complex.

[HONDACD125]

Whether a person will find Bitcoin complex or not depends on their level of knowledge and understanding of both technology and monetary concepts in general. People who are not very tech-savvy will have a hard time understanding the technical aspect of it as a first, because it may not be that complex for someone like me or you who have already been involved with technology even before knowing anything about Bitcoin, but for someone who hasn't been in-touch with technology in general, never used the internet that much, and surely don't use electronic devices very often, it's very difficult for them to grasp everything from creating a wallet to making transactions with it, etc.

After that, comes the concept of money in general. So many people don't believe that money could even exist digitally, so they will first have a hard time understanding that it's a form of money that exists only within the internet and doesn't have a physical existence, and if you want to use it, you can only do that using the internet and some tools, etc.

So, the concept might not be complex in itself, but it could be for certain people with a lack of knowledge about these things.

[Stalker22]

Okay, I get Bitcoin pretty well, I think.  I know what makes it special, its core value, the tech stuff, and where it came from and its history.  Still, there is always new stuff to learn.  My basic understanding is solid, but I will always be learning more.

Do people find Bitcoin complicated?  Yup, some do.  But I think those are the folks who dont want to put in the work to figure it out.  Like those who thought email was complex back in the day, before everyone used it.

[Finestream]

The complexity of bitcoin is based on how we individually understands the concept of bitcoin. If we have been here learning from the forum and experiencing the different flaws of bitcoin for long, then its very easy for us to navigate bitcoin and its crypto market. However, if we are just beginners and are still clueless on what will be the next move of bitcoin, and how often its volatility happens, then its very hard for us to interpret and comprehend about bitcoin moves and patterns.

[Razmirraz]

Actually, Bitcoin is very simple as long as you understand the basic concept and the principles of how it works. Every individual who understands technological developments or is able to master technology will find it very easy to find information and learn everything related to Bitcoin, then developing it over time can help increase a deeper understanding of Bitcoin.
Beginners who want to learn about Bitcoin don't need to focus too much on the technicalities (although that is important), what is more important is increasing their understanding of the philosophy behind Bitcoin, how it works and how to properly utilize the advantages stored in Bitcoin. All of this takes time, as long as you are able to study it consistently, sooner or later it will be very easy to understand about Bitcoin.

[Outhue]

Existence of Banks have turned many people into lazy people, anything that doesn't function like the banks that they are used to they quickly avoid it, Bitcoin is a bit complex mostly for people who are just starting around Bitcoin, if you are not willing to learn about Bitcoin you will find it too complex to know.

I don't ask people why they choose to avoid Bitcoin because every reasons that they can come up with is always wrong, every reasons are based on lack of research, some don't even want to do it and others feel like it is too tasking to keep money themselves and watch their Bitcoin like a security guard, they have gotten so used to the way of the banks, doing everything for them.

[Rustam Meraj]

Fact that biggest problem is feeling that it is too hard to understand, and to most people new to Bitcoin, it is not money part which is easy to learn, as it is digital gold but technology part, especially idea of private keys and seed phrases, makes people scared to handle their own money. Real secret to Bitcoin is that you can think of it both as true, limited digital currency and as technology that lets you take control of your own money without having to trust bank and learning is easier when you only look at simple parts that you need to know to use it, not technical words.

[nakamura12]

It's now more of a stereotype by majority that only the tech savvy knows how to use Bitcoin
Since it's well, digital.
And not to mention people thinking they know what money is and Bitcoin not looking like the Fiat they used to.

I also believe in this one where the only one who truly knows how to use bitcoin are the tech savy which you have said and those who are not are more likely just buying bitcoin to store their funds or away from fiat bank and similar. Anyway, I did think about bitcoin being complex when I first know about bitcoin but as time flies I learned about bitcoin and different information that isn't hard to understand or learn the things that aren't complex.

[Crakryptvest]

Now the question I asked myself is, where is this complexity tied to exactly?, is it the monetary aspect or the technology itself?.

Neither way is complex. People just lack understanding or the unwillingness to try to know about something.
Bitcoin has made it so easy for anyone. It is simple: choose what you want to do with it and learn about it.
If you want to trade bitcoin, learn to be a trader; if you want to be an investor, learn to be one. The same thing goes to daily usage, making transactions with it. Using it as a business model, etc. It is up to us to choose the path we want and understand it carefully; nothing complex about it.

[EarnOnVictor]

-Snip-
Now the question I asked myself is, where is this complexity tied to exactly?, is it the monetary aspect or the technology itself?

I was shocked myself when you mentioned that people's issues with Bitcoin is complexity, how? Most people we are talking about are just interested in investing and trading of the coin, and not in the technicality of it, so it's strange where the complexity is coming from.

Well, my observation is quite different from yours, as I only hear people complaining of risk and safety, which are still very understandable. And of course, after some educations, some of them might still give it a try. There's nothing complex about Bitcoin, and everything that needs to be known about it can be known in just a few days.

It's practicalizing them and acquiring more experience that takes longer time.