Quote from: Gudhal Untu on Today at 10:27:58 AM

When I first got to know bitcoin, I thought it was the same as the payment system that was trending in 2011 namely Paypal, initially using bitcoin was confused because I made a wallet on blockchain.info without email registration, only relied on many characters so when I deposited 0.475 btc I lost bitcoin which I collected from giveaways and faucets.

There is nothing wrong with that, many people thought that it was a payment method with some layers on it. And it is not really that different right now neither, that is not too far away from the truth. Just a bit more complexity involved, but if you really want to use it like paypal, if you just want to turn your own nations fiat, to crypto ,send someone, then that person turns that into their own fiat, that is still a paypal like thing with some added layers.

However, after a while we learn that it is not just about that, it is not even about that on the main scale, there are a lot more things involved with it along with making a profit as well.