Understanding — let alone investing in — bitcoin has been challenging for the everyday consumer since its launch in 2009. The inevitably technical words and concepts — blockchains, decentralization, ledgers, public and private keys, secp256k1, elliptic curves, Merkle roots — overwhelm.

Add in the risk of theft, wallet loss, firmware hacks and it’s a lot to understand — let alone get comfortable with. For many, the complexity and lack of understanding can sway the adoption of the currency. Technology tends to build and layer on the starting innovation; sometimes things are how they are because that’s how they were when…


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