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?
My first impression of Bitcoin was that I thought it was a super anonymous cryptocurrency and if you used it, no one would be able to track your financial activities but later, as blockchain analysis technologies developed, I understood that it's possible to track Bitcoin transactions and I also realised that blockchain is an open book where every transaction is publicly recorded.
I also want to mention my second impression. My second impression was that with Bitcoin, you are your own bank and it's actually true because if the government freezes all of your bank accounts, they'll never be able to freeze your cryptocurrencies because it's decentralised and they don't have control over it.