Quote from: Churchillvv on Today at 12:38:16 PM

I guess this your own way of teaching yourself! because basically almost every one in this forum understand this basic part of bitcoin knowledge.

I suggest that you should learn more than teach.

Regards.

He's more of sharing his knowledge and I cannot see anything wrong with that. Maybe these are the things that made him understand Bitcoin more, we cannot take the credit out of him if that's the case simply because this topic is subjective. Of course majority if not all, are aware of these things but why do people still are having negative impressions towards this industry in general? Because they lacking the emphasis on simple things like its concept.

Quote from: mirakal on Today at 02:31:25 PM

Quote from: Awaklara on Today at 01:29:29 PM

Quote from: Sky_T on Today at 12:27:03 PM

3. It requires your own effort to protect your Bitcoin.

I think keeping our own money with our own security is better than giving our money to a third party. Maybe you can get a little benefit from a third party, but it won't be greater than what the third party gets from managing the money you put with them.
By owning Bitcoin, you have complete control over the money you own, there is no interference from any party. Never be fooled by banking systems that are made to look easy and online.

Not your keys, not your coins, as simple as that. If you let the third party manage your coins, you are giving them the permission to own your coins later on, so as much as possible keep your coins in your own wallet, and be cautious and extra careful in making transactions so that its safety and security will never be at risk. Bitcoin is a highly valuable asset, so you need to hold it tightly and give its best protection so that hacking and scamming will always be prevented.

Definifely, and this supports the idea I mentioned above. Many of us are aware of what Bitcoin is, and where will it be used but there are still people who are doing things in a wrong way. Sharing is caring as many of us are saying.