[biggerbistro]

How is this elitist? Do most people understand the current financial system in any meaningful way?

Do most people understand how their computers work? How their air conditioner works? How about the pressure dynamics that make their toilets flush?

Saying everyone can't mine it is inaccurate, everyone can mine it even with a smartphone. Is it profitable? No, but neither is mining iron ore with a shovel. Those with the knowledge and capital to fully utilize any system will always have an edge over those who don't, in what reality is this not the case?

[UncleMeat]

Because our financial system isn't portrayed as a technology that will bring the power to the people and free us from the shackles of elite organizations. Bitcoin is presented this way.

[biggerbistro]

Bitcoin won't free people who won't lift a finger to learn it just like the US constitution won't protect people unwilling to defend it. I've yet to meet someone who is unable to understand the basic use of bitcoin (sending and receiving) and if we are trying to cater to the lowest common denominator we have already lost. It is worrying that we have resorted to scrapping a new technology just because lazy or incompetent people are unable to completely master it.