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RE: A bit late to the party - Trying to understand blockchain technology and cryptocurrencies.

in #bitcoin8 years ago

Think of it like email. Your email client does a whole heap of stuff you don't understand, you just type in the recipient and hit send.
You use email because you trust it'll work, not because you understand how.
Bitcoin is the same. Because it's money, that trust takes a little more time, but the people who understand how it works are first to put their money in.
Over time, those without a clue about the nuts and bolts will start arriving, they just need to see that it worked for ten years before they'll trust it.

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Awww thanks so much for your comment Matt! 💗 I really appreciate:)!!😘 It's true that you need to do some extra work to be one of the first ones to use it. How can we make bitcoin as accessible as email because from what I understand, third party apps take away your private keys to facilitate bitcoin transactions. @mattclarke

That's true, and necessary; and the wallets which have the longest history of doing the right thing are going to struggle less and less with the trust issue as time goes by. blockchain.info held my stake for many years; I only moved onto paper for the fork.
Kudos for learning about this stuff though. We're at the cutting edge here.
You're moons ahead of pretty much all of your peers.