re: Bitcoin Casinos Release 2012 Earnings

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My biggest issue with Bitcoin is how does it have the potential to become a worldwide currency when the average Joe can't understand it's complexity. You're talking about introducing something really complex filled with uncertainty while compared to the USD, a 5 year old could understand it's value, the same goes with almost any currency around the world. Now I will say there is always uncertainty with almost any currency but do you really expect a young working teenage kid to be able to handle Bitcoins? Maybe I'm over thinking this.

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No, you're actually not overthinking it at all.

One of the biggest hurdles that the bitcoin community knows it needs to overcome is the complexity.

Understanding the underlying system is not necessary for anyone to use bitcoin. After all, I don't think most people understand the federal reserve system in the US, but most people understand how to use the money. Therefore, getting users to understand how to properly secure their bitcoin wallet(s), how to exchange bitcoins safely, and how to backup their wallet(s) in case of disaster, and how to pass on their bitcoin assets in case they die, among other issues, all need to be worked out.

And the bitcoin infrastructure is being built up to make all that stuff I listed much easier for the average user.

I think what you will see with bitcoins is similar to what you see IRL with banking. People will end up trusting third parties with securing and backing up their bitcoin data.