What do you find most confusing about crypto?

I’ve noticed that many people still struggle with some of the basics in crypto.

Even though crypto has been around for years, I keep seeing that a lot of people don’t fully understand some fundamental things. Not just advanced DeFi strategies, but even the basics.

For example, people often ask about:

• how wallets and private keys actually work,
• why liquidity matters and how it affects trading,
• how to properly read on-chain transactions,
• the difference between a token and a coin,
• what burning, staking, or slippage really mean,
• and on the more complex side: liquidity pools, yield farming, or governance mechanisms.

It makes me wonder: what do you think are the most misunderstood concepts in crypto?