I've noticed that very few people truly understand Bitcoin or see what I see in it. I've always wondered why it's so hard for people to grasp the essence of Bitcoin.
Yesterday, I came across a really good video that explains why it's so difficult for people to understand Bitcoin.
It's simply too big of a paradigm shift.I recommend watching the first 20 minutes they do an amazing job explaining why most people don’t really see or understand Bitcoin.
https://www.youtube.com/watch?v=c6ZHRci4KbwI think it's normal that many people do find it difficult to understand Bitcoin. I mean, it is a very profound paradigm shift. We've long held the expectation that money is going to be physical or at least stamped by a central bank. And then we come along with something like Bitcoin, which is decentralized, has no controlling party, and is digital only, many people are naturally confused.
In addition, most individuals, when they've just begun learning about it and it's complex, think that they've already lost, and therefore they immediately label it as complex.
Another problem is that people perceive Bitcoin as a speculation tool only, while the very essence of it is deeper: financial freedom, transparency, and censorship resistance. Such technologies as blockchain, cryptography, etc., also look complicated, further distancing the average public.
In essence, it requires education and time to let go of the past. Just as with the internet, not everyone initially appreciated its value.