Topic: What do you think of your first contact with BTC? - page 4. (Read 616 times)
When I first came into contact with Bitcoin, when I was in college, I didn’t know much about this cryptocurrency. At that time, some of my classmates bought a small portion of Bitcoin and asked if I wanted to invest with him. I I rejected him at the time because I thought it was an extremely risky kind of scam, but now I understand that Bitcoin is a decentralized currency, and I have a sense of trust in its security and privacy.
First time im using bitcoin i think " this crypto had very unique system which is blockchain " you can see daily transcation on blockchain wordlwide . your transaction transparent but also anonymouis. and at that time in 2012 btc had the lowest fee for each transaction when other payment system had big fee for every transaction . and now bitcoin has the biggest fee 
Looking at it that way OP. Paying with bitcoin makes you a citizen of the world and be able to pay without borders, without a credit card that for some is difficult to obtain.
My first bitcoin wallet filled me with excitement. Then that emotion grew when I began to fill it with my first sats, as well as giving sat gifts to my older nephews.
Bitcoin is my present and my future, I am also planning with it the future of the smallest children in my home.
My first bitcoin wallet filled me with excitement. Then that emotion grew when I began to fill it with my first sats, as well as giving sat gifts to my older nephews.
Bitcoin is my present and my future, I am also planning with it the future of the smallest children in my home.
Bitcoin covers a vast array of countries and territories, plus it's much more secure and covert compared to regular e-payment that would only be secluded in accepted countries with verified branches and of course the fact that it would require you to input your personal details therefore putting your identity at risk with every transaction.
It's not the only difference, e-payment and BTC are so different it's not ever right to compare them. It's a whole new system, a new era, the only common thing with e-payment and BTC is that they both payments aren't done physically, but e-payment is, essentially, fiat, only transferred in a specific way, while Bitcoin isn't just a form of payment.
- PoW (Bitcoin) vs PoS (e-money), makes Bitcoin less vulnerable to attacks and manipulation attempts
- limited amount of BTC coins vs the potentially unlimited amount of fiat
- runs on a blockchain system
- decentralized
- no third-party verification of transactions (which is why, if you stick to certain rules and use mixers you can avoid tracing)
- total control over your funds
- many use it as an investment, by many countries Bitcoin is considered an asset, rather than a form of payment
The list can go on, but, I think, you can see the extent of the difference at this point.
- PoW (Bitcoin) vs PoS (e-money), makes Bitcoin less vulnerable to attacks and manipulation attempts
- limited amount of BTC coins vs the potentially unlimited amount of fiat
- runs on a blockchain system
- decentralized
- no third-party verification of transactions (which is why, if you stick to certain rules and use mixers you can avoid tracing)
- total control over your funds
- many use it as an investment, by many countries Bitcoin is considered an asset, rather than a form of payment
The list can go on, but, I think, you can see the extent of the difference at this point.
It felt myself very special when I first contacted with BTC. I was coming across a totally different monetary system which seemed really interesting. I really liked the thing that it was all under my control.
If you do not go into technical details, I believe that for most people in the world when the time comes and bitcoin is all available and applied everywhere, it will not matter. After bitcoin is recognized as a world currency, there will be no such problem as understanding the blockchain, even if some commission mechanisms appear, in any case, this is what we will all come to, and I think that I will live up to this moment. The main thing is that the contact with bitcoin of my children is pleasant, clear and simple.
~
It still uses a third party payment system though. I would be happy if it somehow becomes adopted a lot. Would really love to see those signs "Bitcoin Payment Accepted in here". I would even try to buy random items from them and have the real p2p Bitcoin transfer, not merely by 3rd party apps that are most likely still regulated and I don't hold the money for real because it is an online wallet.
It was a pretty meh moment until I discovered that it can be traded with real money. At that point I started to think that bitcoin isn’t just for the memes but rather for something pretty useful, too. The first transaction was special, and the first purchase with bitcoin too. It’s not an eye-opening experience to say the least but it helped me view payments and cryptocurrencies in a much more serious light.
The beginning of knowing bitcoin is a number on a computer that can become money. I learned this from a friend of mine in college and is currently working. My wish used to be to make more money by multiplying my BTC by trading.
But after all this time I understood bitcoin was going to be the money of the future. Some of the government applications that they have authorized in principle are similar to crypto. A valued and recognized number. Until now, some countries in the world still limit crypto as an asset.
Although some countries in the world have legalized it and there are no special rules in the world, each country has different rules. They have become aware of crypto enthusiasts, and there are even some countries that have started to tax crypto.
But after all this time I understood bitcoin was going to be the money of the future. Some of the government applications that they have authorized in principle are similar to crypto. A valued and recognized number. Until now, some countries in the world still limit crypto as an asset.
Although some countries in the world have legalized it and there are no special rules in the world, each country has different rules. They have become aware of crypto enthusiasts, and there are even some countries that have started to tax crypto.
What's great about it is, people can transact using BTC whether their governments are for it, or against it. 
That's the power of having an actual decentralized asset. They can illegalize it, but they can't technically ban it.
Even who are the ones that want to ban bitcoin, I am not surprised to see bitcoin not banned in many countries, when the leaders of the countries also like to invest in bitcoin and gain and increase in wealth. Bitcoin is hard to ban, the human nature makes it impossible, but the government are trying to make sure bitcoin can be linked to individuals having it, this is the modern day threat that many people are not concerned about which can pose more risk in the future. But as for bitcoin ban, it is not possible just like you said. That's the power of having an actual decentralized asset. They can illegalize it, but they can't technically ban it.
I think it just felt right when I first saw it and read about it. It felt like a global Community Bank that is monitored and regulated by members.
Safe usage of Bitcoin by honest participants/users/community from anywhere in the world is what makes it legal.
If you could have participants/users use it on decentralized/p2p platform or network, that has good ideals like transparency, immutablity, fair rules, reputation, censorship resistant, permissionless/trustlessness, privacy/anonymity, network consensus, etc .. you would be using it the right way
Safe usage of Bitcoin by honest participants/users/community from anywhere in the world is what makes it legal.
If you could have participants/users use it on decentralized/p2p platform or network, that has good ideals like transparency, immutablity, fair rules, reputation, censorship resistant, permissionless/trustlessness, privacy/anonymity, network consensus, etc .. you would be using it the right way
In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)
What's great about it is, people can transact using BTC whether their governments are for it, or against it.
That's the power of having an actual decentralized asset. They can illegalize it, but they can't technically ban it.
The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different.
In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)
In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)
Jump to: