The two things I see wrong with Bitcoin are...
1. No cash.
2. Because of its nature, Bitcoin plays on the ideas of trust that we have in the way money works. What should be done is that there should be much more advertising about the fact that real trust is involved, even in escrow to some extent.
Fiat is fairly trustworthy in direct transactions. You can trust business because the banks will enforce business to do the right thing in many cases.
Since there is no central bank involved with Bitcoin, there is little method for enforcing trust. Bitcoin tries to overcome this to some extent with escrow transactions. But people are not used to the way Bitcoin handles things. So they jump right in.
Yeah. So as many others have mentioned, they should spend sometime on Bitcointalk before they buy Bitcoin. In the meantime, they could also use faucet to "learn" how Bitcoin work - what is confirmation, what is mining, what is a block etc.
Well, that's pretty huge misunderstanding.
He/She don't understand bitcoin concept & got bad support from exchange
Bitcoin won't be popular if people can't understand bitcoin concept or got bad experience when they start use bitcoin or they just don't really care about it.
Yes. If she got a good support from the customer service operator, things may not turn out this way.
He had a bad experience but, to tell the truth, I don't understand its behavior after. He can open another wallet with another provider and send from the primary wallet to the secondary wallet an insignificant amount. Will see all with his eyes . Everything will be instantly. With no any loss. That's can prove that all its experience it was a problem connected not with the bitcoin but with its management from the others. This try, I think, it will be enough that he understand all about its experience and the reliability of bitcoin.
A good suggestion. I already told Teg to quickly move her coin from the "exchange" wallet to a new wallet on a trusted party - or even host her own Bitcoin Core. I'm not sure if Teg is going to do this or not.
Hopefully with Gemini exchange things will get more serious. The user support should be good there. I still think we will never get full mainstream without jobs being paid in BTC being a thing. When you get paid directly in BTC it feels waay better than having to buy it first. When you have to buy BTC you will never spend it, you will just hoard and use it as gold.
Well said. I hope that Gemini exchange will look study Teg case and have a better support team.
There are plenty of ways to get Bitcoin immediately whether linking your credit card to an exchange for instant purchase or an ATM or local exchange. Sure, there are scams and bad customer service, but if someone wants to get into Bitcoin bad enough they will. Hopefully people see the bigger picture- the fundamental proposition of owning Bitcoin. If they let some inconvenience stop them they are missing the big picture.
I understand what you are saying. I hope that Teg will continue to learn and use Bitcoin because it is going to be helpful in the future - when Bitcoin go mainstream.
