Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin too complicated for ordinary folks?
by
darkangel11
on 31/01/2018, 23:55:23 UTC
Btw will reach 25 soon

25 thousand USD? You might be right! Smiley

The technological side of cryptocurrencies are hard to get your head around, it is not that it is complicated, it is just so distant from what ordinary people think about technology, when i am out talking about cryptocurrencies, the thing most people find confusing is what happens to their coins once they send them. but i have also tried to explain how FIAT currencies functions and this have people even more confused, but we used it anyway. this leads me to conclude that the technical aspect is not important for people to get into the game.

People in general are distant from technology. When I talk to some folks that are over 50 year old they tend to roll their eyes when I try to explain  not only cryptocurrencies but even the basics of online banking. Most of them can't understand that when they transfer money from 1 bank to another the money is not being moved. They also think that their bank has all their money in physical form.
This is nothing unexpected really, I heard people are still bringing lcd screens and keyboards to repair shops when their PC fails to boot because they think it's the vital part of the computer and you're supposed to keep everything together.