CoinCorner comments on Mark Cuban’s remarks that Bitcoin is “too complicated”

  • Bitcoins
  • 04.10.2019 11:35 am

Danny Scott, CEO of CoinCorner, comments on Mark Cuban’s remarks that Bitcoin is “too complicated”:

“For Mark Cuban to say that Bitcoin is too "complicated" is naive and short sighted. Technology is complicated in general and this isn't specific to Bitcoin - you only have to think about the internet and how complicated that seemed in the '90s. Using your dial-up modem to attempt to connect to your ISP was just 1 piece of the experience back in the '90s, but these days most people's phones are connected 24/7 and they don't even have to do anything, it just works. This hasn't happened overnight and behind the scenes it hasn't become any simpler. What has happened is that user experience has become better, with companies having competed to make its use cases as simple as possible. Netflix vs Blockbuster is a good example of what the internet has done for user experience, but certainly this didn't happen overnight.

At CoinCorner we spend a great amount time trying to educate people and create products that are as simple as possible. This will evolve over time as we find what works best for people and Bitcoin's use cases. Later this year we'll actually be launching new educational products which we believe will help the general public to easily learn about Bitcoin and see it as something more than a store of wealth.

Mark shouldn't be disregarding something because it's complicated behind the scenes. We appreciate that the user experience part of Bitcoin isn't quite ready for mainstream adoption, but this is something that Bitcoin companies like ourselves are working on.”

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