#Bitcoin Why is it so difficult to communicate about Bitcoin with people, even those in the so-called currency circle? In fact, most people cannot understand Bitcoin for the following reasons:
1. Technical complexity:
Bitcoin is based on blockchain technology, which is a new and complex technical architecture. Understanding concepts such as blockchain, cryptography, decentralized networks, and consensus mechanisms requires a certain technical background and learning time. For knowledgeable people without relevant majors, understanding these technologies may be a challenge.
2. Economic concepts:
Bitcoin introduces many new economic concepts, such as decentralized currency, deflation, and fixed supply. These concepts are contrary to the theories and practices in traditional economics and financial systems, making it difficult for many people to accept or understand.
3. Lack of media and education:
Bitcoin and cryptocurrency are hardly covered in the traditional education system. Mainstream media reports on Bitcoin also tend to focus on its price fluctuations and negative events, rather than in-depth explanations of its working principles and potential value.
4. Psychological and cognitive biases:
Humans are naturally skeptical of new and unknown things, especially when these technologies challenge the existing financial system. Psychological factors such as fear of risk, fear of new things, and distrust of "invisible and intangible" assets have hindered the understanding of Bitcoin. Misinformation and misunderstanding: Bitcoin is often misunderstood by many people as a simple speculative tool, a Ponzi scheme, or just a tool for hackers and money laundering. The spread of these misunderstandings and misinformation has left people with no interest or motivation to gain a deeper understanding of their real assets.
5. Economic benefits: The existing financial system and stakeholders may be critical of Bitcoin because it challenges the traditional economic model they rely on. This opposition may affect the public's perception of Bitcoin. Complex market dynamics: The volatility and complexity of the Bitcoin market make it difficult for many people to understand why its price is so volatile, and even think that this is an unreasonable or irrational result.
6. Rich practical experience: If a person has not actually used or held Bitcoin, they may find it difficult to understand its actual use and value. Experience is the best teacher can understand, but in the case of Bitcoin, trying to use it may involve complex technical steps and concerns about security.
7. Cultural and social influences:
In some cultures or social circles, Bitcoin may be seen as a toy for "geeks" or a tool for speculators, and such cultural dynamics can affect an individual's motivation to learn and understand.
8. Regulatory and legal uncertainty:
Different countries have different regulatory attitudes towards Bitcoin, which requires people to consider a complex legal and regulatory environment when understanding Bitcoin, which is itself a barrier to learning and understanding.
In general, understanding Bitcoin requires crossing technical, economic, psychological and social barriers. These barriers will gradually decrease over time and with the popularization of education, but from many current perspectives, these factors together constitute the main reason why people cannot understand Bitcoin.