Post
Topic
Board Bitcoin Discussion
Re: Is cryptocurrency so difficult to understand
by
flyingdutchmen
on 09/09/2018, 15:05:11 UTC
I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.

Crypto is only as complicated as you make it. Do you need to be able to understand economics or how the monetary system works in order to be able to use it? Absolutely not. Most people I speak to don't even know what 'fiat' money means and certainly don't understand how it is created and what is wrong with the model of that. Explain bitcoin to new users in simple terms. You don't need to needlessly confuse them with tech speak and how things work under the hood. Just explain the basics of how it works and the benefits of using it or fiat money (ie the money in their pockets).

I think quite the opposite, in order to get a real understanding about crypto and why so many people belief it can replace the existing monetary system you have to help people understand what is wrong with traditional monetary systems (creating money out of thin air) and why crypto currencies can be a solution to the problem.