This is an opinion editorial by Dave Birnbaum, the product director at bitcoin investing platform Coinbits.
Bitcoin is becoming increasingly relevant to everyday people as financial crises prompt discussion about how to improve our systems of finance, banking and government spending. Although the prevailing wisdom is that it’s better to get people to just use it and put off most of the learning until later, adoption will be more sustainable if people understand why Bitcoin is important, not just why it’s convenient.
Bitcoin Is Not Equivalent To Traditional Financial Services
The argument in favor of sidestepping the complexities of Bitcoin and moving straight to experiential learning typically goes like this: Most people don’t know, or even care to understand, how their credit card works. So why should Bitcoin be any different?
On the surface, this argument makes sense. One could indeed use bitcoin without diving into its underlying technology. It’s a digital currency represented b
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