Good to be here. Read and observed the forum since I joined and must say I like how detailed the discussions here are compared to social media platforms. As a beginner I noticed some topics are mentioned a lot like wallets, security nd scams but I still feel there are always new perspectives. For instance my first impression of bitcoin is that it is more about personal responsibility than anything else. If you loose your keys, you loose your coins and that feels different from banks. For those who have been in the game longer, what was your first impression when you realized how it actually works?
Everyone is very accustomed to the banking system, where you can always contact the support service or pension office and complain that money has disappeared from the account, but in the world of cryptocurrencies, as you correctly noted, we ourselves bear full responsibility, if someone has lost the keywords for restoring a Bitcoin wallet, then no tears and no support service, because they will not be able to help in any way. Therefore, cryptocurrencies teach us to be very independent and careful.
I completely agree. I have a friend who basically introduced me to the world of cryptocurrencies. He once got a lot of ETH practically for free, but then he forgot where he had stored the seed phrases for the wallet. For a long time, he tried to figure out how to regain access to it, but unfortunately, he never succeeded. Sometimes our own carelessness prevents us from becoming very wealthy,this is a clear example from my life.