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Hardest bitcoin concepts for noobs?
2587 sats \ 34 comments \ @stack_harder 20h bitcoin_beginners
even starting with the phrase ' a decentralized peer to peer ledger' will often draw blank stares, most people don't actually know what any of these things are.
a guy i know asked me 'how do you access your bitcoin, do you use Tor and what's the yield. and it;s like fuck, where do you even start unpacking (i didn't, i just said he should read more about it )
i can see why it's so much easier to talk in abstractions like 'digital gold' because really, it's fucking hard to start blasting off layers of things.
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21 sats \ 0 replies \ @TheMorningStar 8h
It sucks to address this big problem with Bitcoin. The concepts for normals seem difficult ATM. But I'm sure we're just too early. Maybe after 10 years people won't require to understand these and will start using bitcoin without the need to learn about concepts.
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20 sats \ 0 replies \ @random_ 20h
“The kingdom of heaven is like treasure hidden in a field. When a man found it, he hid it again, and then in his joy went and sold all he had and bought that field."
Matthew 13:44-45 NIV
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20 sats \ 1 reply \ @Skipper 19h
Most people think their Bitcoin is stored on their hardware wallet. They don't get the concept of timechain and nodes.
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10 sats \ 0 replies \ @stack_harder OP 17h
at least with these people , they have actually already maybe got to the point of getting of an exchange so doing a bit of further learning isn't such a big deal. getting a noob any kind of btc alone it the first big hurdle i think
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30 sats \ 1 reply \ @DarthCoin 20h
Why do you think I wrote these 2 important guides?
I just send them to a nocoiner and after they read it, will let them come back to me with more questions.
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1 sat \ 0 replies \ @stack_harder OP 19h
i have a friend who says he will study bitcoin in earnest when he finishes some stress period in his life (he;s a chronic procrastinator).
ill send him one of those guides since he always asks massive questions in a whatsapp chat
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52 sats \ 12 replies \ @we_can_supply_you 20h
Lightning liquidity and the difference between regular BTC and lightning has been by far the hardest thing to explain to people for me.
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10 sats \ 9 replies \ @DarthCoin 20h
the difference between regular BTC and lightning
So you really think is a difference ? If you think that, you still have much to learn about BTC and LN.
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11 sats \ 8 replies \ @Solomonsatoshi 20h
Bullshit. LN transactions are not directly and immediately recorded on the L1 blockchain. LN involves a degree of abstraction from the blockchain. LN transfers are not directly approved by miners and the algorithm. LN transfers are 'offchain', almost instant and substantially cheaper than onchain transfers.
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14 sats \ 5 replies \ @028559d218 16h
Lightning, for all practical purposes, is a glorified 'bar-tab'.
You don't pay after every drink at the bar. You pay when the night is over. Except with lightning that can be after a week, a month, a year...
It is the same basic concept. That wall you don't take out your 'wallet' after each and every drink... only at the end.
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10 sats \ 0 replies \ @stack_harder OP 16h
that's how most credit and debit card payments work as well, with the settlement layer being separate
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0 sats \ 3 replies \ @DarthCoin 16h
You are wrong. On LN you pay instantly. Only the settlement of the channel between the peers is settled when is closed. FFS guys, please read the fucking documentation of how HTLCs works before saying any bullshit here. If you do not know how LN works please STFU.
https://docs.lightning.engineering/the-lightning-network/multihop-payments/hash-time-lock-contract-htlc
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7 sats \ 2 replies \ @028559d218 16h
The 'bar-tab' concept works well to help people understand the relationship between lightning and on-chain. The on-chain transaction is only paid at the end... like 'paying the tab'.
I don't know why Lightning gets so much hate... I use it every day and honestly it's great.
Unless people have some kind of block-size wars ulterior motives or something which is just weird
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0 sats \ 1 reply \ @stack_harder OP 16h
i only ever see Bcashers hate on lightning and the idea of scaling in layers in general.
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0 sats \ 0 replies \ @028559d218 16h
The amount of hate 'lightning gets' (from the ****coiners and bcashers...) doesn't make any sense.
Sure lightning 'isn't perfect' but what is? In my opinion it's very good, I use it every day and it does a tremendous job at making Bitcoin fast and quick to transact, while adding additional layers of privacy.
It is really fast with the high 'TPS' all the crypto people talk about... while still being proof of work transferring real sats. I don't get why more people don't use it/rave about it honestly.
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0 sats \ 1 reply \ @DarthCoin 16h
LOL you are such an idiot that knows nothing. Good that you confirmed all I already know about your stupidity.
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0 sats \ 0 replies \ @Solomonsatoshi 13h
You will not (because you cannot) credibly refute the points I made above. Please prove me wrong! Silence.
Instead, as usual, when wrong, you defer to bully-troll mode and crudely attack the critic with baseless, unsubstantiated, diversionary personal attack. Libertarian Tyrant!
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0 sats \ 1 reply \ @stack_harder OP 20h
i havnt even got far enough to talk about lightning lol
could we maybe say, in terms of a metaphor, that (sorry Darthcoin) lightning is like silver to bitcoin's gold?
i mean, silver was used in smaller transactions and denominations while gold was used for larger transactions. kind of like onchain btc being used for larger amounts and lightning used for zapping and smaller transactions
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2 sats \ 0 replies \ @000w2 16h
That makes it sound like it's not bitcoin.
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27 sats \ 0 replies \ @cascdr 16h
Means > Do > Is
Bitcoiner autists and engineers in general want to talk about what something IS.
You are better off discussing how this thing is a MEANS to accomplish THEIR ENDS then work backward & touch on what it DOES.
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10 sats \ 1 reply \ @theonceler 17h
"well if its money why cant i spend it"
Peoples concept of money is just fiat. You can only really spend fiat since saving is almost impossible.
People literally have to relearn what money is in order to understand bitcoin
  • I of course know that you can spend bitcoin but the normie mind thinks if you cant use it at walmart it cant be spent
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0 sats \ 0 replies \ @stack_harder OP 16h
it's true, no coiners dont actually realise that bitcoin merchants are a thing. they just think it's drungs on the darkweb
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10 sats \ 0 replies \ @Miranda 18h
very real, it is certainly more understandable the concept of digital gold than talking to a user of blokchain and cryptography. for newcomers in which I include myself we must still read a lot on the subject. and progressively learn the concepts to have more work field in the ecosystem of cryptocurrencies and this digital universe. thanks for sharing.
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10 sats \ 1 reply \ @jgbtc 20h
The two things people seem to get stuck on most are "no intrinsic value" and "not backed by anything".
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10 sats \ 0 replies \ @stack_harder OP 19h
the whole intrinsic value is a royal can of worms in itself. most people think 'becuase i don't know about this, or think x, it has no value'
like pokemon cards, while i have never owned them, it's not a hard concept that for some people, they have value
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10 sats \ 1 reply \ @Zephyr_Knight 20h
I've reverted to the philosophy side of the argument. Basically just try to point out how our current system is broken. Most people agree that the current system is rigged but don't think there's a solution. Of course... they have to be willing to put in the time to understand bitcoin.
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0 sats \ 0 replies \ @stack_harder OP 19h
one thing is for sure, more and more people are feeling the cracks in the system now (EU, Western world in general)
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0 sats \ 0 replies \ @zapsammy 1h
have you heard about the "maven targeting" strategy? this strategy probably goes by other names...
the idea is to find an expert in a particular field, or the one in charge of many people, or the one who propagates the gossip very well, then focus more of your energy to study his or her thoughts and focus - if he or she is intelligent, and gets it, then the maven will propagate the message very far.
many bitcoiners are nerds, because they study the bitcoin material for many hours, and they are not very good at networking. i am currently working on someone who is in charge of many people, and give him my undivided attention, so that i can understand what he cares about and how. i brought him to a couple of events with very high bitcoiner count.
the multi-hour orange-pilling session over this weekend's ski trip should help him with the quantum leap in realization.
at my fiat job, i have some underlings that i train, but in the corporate world i have to speak the truth in a diplomatic fashion, and select my targets carefully, so as to not trigger complaints.
in other words, don't waste ur time on imbeciles who won't be able to educate others. let them lag behind; they do not deserve to be educated as it takes too much effort and the signal propagation is very low.
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0 sats \ 0 replies \ @realBitcoinDog 4h
They always ask when to sell?
Never.
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0 sats \ 0 replies \ @guts 7h
Open ledger
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0 sats \ 0 replies \ @BitcoinIsTheFuture 7h
It’s the future they need to learn everything they’ve learned about money. Then relearn the basic facts and properties
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0 sats \ 0 replies \ @Ge 9h
The concept of money it's not the 666 coin lol
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0 sats \ 1 reply \ @LowK3y19 19h
And for some reason price of it keeps surging lol
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0 sats \ 0 replies \ @Solomonsatoshi 13h
As a speculative commodity Bitcoin is much more easily captured and controlled by the fiat system operators. Pump and Dump.
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