If you do the numbers of say 20 fraud attempts a day on average, over 365 days a year and take it to 10 years in business, we have weathered more than 73,000 fraud attempts via credit cards.

While we see uncompleted Bitcoin/Lightning transactions over the same period as being less than 1000, and 90% would be attributed to non fraud factors if it was possible to track.

So we are looking at maybe 100 possible fraud attempts over 10 years (less than 1 per month) for Bitcoin versus 73,000.

As a merchant we have no worries with Bitcoin or Lightning payments for fraud. We have never had one successful fraud attempt on the platform when we accept Bitcoin or Lightning as a form of payment.

Vietnam has picked up its game for 3D security on cards and now most credit card fraud for banks here are seen (and always has) as being offshore bad players trying to defraud local merchants.

"I left Iwa to work for this company called Playmysong. That led me to the US in SF.

That was a time when all of the early bitcoin meetups were happening. Ironically, I was living in Soma just a few blocks away.

(...)

I have to say… I started going to these blockchain conferences in Dubai and Malta… and the more I spoke to these people, the less convinced I became. The excitement was there, but it was more how to make money as fast as possible. And in every blockchain conference, there were maybe 1 or 2 bitcoin people, and when you talk to them, it’s more calm and they talk about how Bitcoin specifically is a much bigger thing. This is about changing the world and not about short term gains or anything like that.

Over time everything started to click. I had the tech background, I had the puck rock background. I started understanding bitcoin to the point of- Bitcoin Is The Most Important Thing. Everything else is secondary and in most cases harmful to people. By 2020 I went bitcoin only.

(...)

And with bitcoin culture, it’s exactly the same thing. There is distrust with the legacy organizations. Obviously, this “Don’t Trust. Verify.” principle is great.

Sometimes you read something about bitcoin that is great – it makes sense, it’s well researched and accurate. But so often that is not the case and when they write about bitcoin, it’s so full of errors. Either ignorant or deliberate misinformation. A very similar kind of vibe to punk rock back in the day.

You can now transfer – instantly, conveniently and without leaving public traces – your balances to another BitcoinVN user account.

This feature allows for convenient, cost efficient, privacy-preserving transfers which especially for the unbanked part of the global population can be of great use.