Don't feel ignorant. Just a difference in notation.
Definitions:
)
- power set of

. In other words it is the set of all functions that map from
into 
.
=\begin{cases} 1 & \mbox{if} \quad x\in E \\ 0 & \mbox{if} \quad x\notin E \end{cases})
- This is just the charceristic function of

. It equals 1 if

and

if not.
equipotent- Two sets

are equipotent (denoted

) if there exists a bijection between the two, i.e.

.
Therefore what one means when they say "
\mapsto\left\{0,1\right\}^X)
given by
=\begin{cases} 1 & \mbox{if} \quad x\in E \\ 0 & \mbox{if} \quad x\notin E \end{cases})
" what they are really saying is "define a mapping between the power set of

and the set of all functions that map

into

by a subset of

(lets say E) is mapped to the charceristic function of that subset (
=\begin{cases} 1 & \mbox{if} \quad x\in E \\ 0 & \mbox{if} \quad x\notin E \end{cases})
). Doing this we can easily prove that
\simeq\left\{0,1\right\}^X)
. Therefore instead of proving that

and
)
aren't equipotent you merely need to show that

and

aren't equipotent (this is because equipotence is an equivalance relation). This is actually an easier task.
Here is how. I will give you the outline and you fill in the "why?" in the last step.
Let

be some injective mapping from

to

. Then
=\phi_x)
, and since

we see that

. Now define a second mapping

by
=\begin{cases} 1 & \mbox{if} \quad \phi_x(x')=0 \\ 0 & \mbox{if} \quad \phi_x(x')=1 \end{cases})
. Then clearly

but

(why?). Therefore we may conclude that there is no surjection between

and

. Consequently, there is no surjection between
)
and

. Therefore
Remark: Realizing that
)
given by

is an injection, we may conclude that
)
. Combining this with teh above we may definitively say that
I hope that helps.