Bitcoin The Ultimate access

[Wexnident]

As I widen my quest for knowledge on Bitcoin and the entire blockchain network, I discovered that Bitcoin has destroyed the rule of the third party. Transactions have been made easy my personal experience made me discover that Bitcoin is the perfect payment gateway for companies and business for flexible payments across borders.

But most of the transactions built up as of yet are governed still by third parties due to the existence of exchanges and custodial wallets. I don't blame them though, most people want the ease of access and qol stuff so having all this centralized stuff helps make stuff easier if you don't want to learn or do anything BUT it does defeat the existence of using Bitcoin for what it is. Maybe when Bitcoin is seen as a currency by most then it would be possible, but right now? It's mostly seen as an investment tbh.

[josephdd1]

As I widen my quest for knowledge on Bitcoin and the entire blockchain network, I discovered that Bitcoin has destroyed the rule of the third party. Transactions have been made easy my personal experience made me discover that Bitcoin is the perfect payment gateway for companies and business for flexible payments across borders.

One of the main idea of creating cryptocurrency was that banks and other intermediates will be excluded and people will get an opportunity to transfer any sum of money to any country or a person they want, so Bitcoin is the best option if you need to send money to other countries as you don't need to make a report to bank on what the reason for this transaction and where you took money frm.

[TheGreatPython]

As I widen my quest for knowledge on Bitcoin and the entire blockchain network, I discovered that Bitcoin has destroyed the rule of the third party. Transactions have been made easy my personal experience made me discover that Bitcoin is the perfect payment gateway for companies and business for flexible payments across borders.

Yes you are right about that, but we still have all those third parties (middle men) around in the crypto currency space today. They have looked for ways to penetrate into the decentralized platform of Bitcoin and other cryptocurrencies. And of course what I am referring to are the centralized exchanges and custodial wallets.

These wallets are still the same middle men that we are all trying to avoid, the same middlemen which are the purpose that Satoshi Nakamoto created Bitcoin, So that we would be able to do our transactions without them. Another problem is that people are being too ignorant of issues like this. Some of them say that they don’t care about privacy, so they are making use of custodial wallets which is against what Bitcoin is all about.

[leverageguy]

Bitcoin works great for me too. It saves me time on transactions when I have to make bigger payments. As no third party is involved, I think it’s safe and secure to keep my money in my wallet even when I am not using it.

[so98nn]

But just that people are ignorant of many things, bitcoin was created to make peer to peer transaction possible and also a decentralized means of exchange but most people nowadays are going for custodial wallets and exchanges not minding their privacy. It was a great work done by Satoshi and other developer involved but most people are fools of scam and ignorant of privacy invasion. They are relying on custodial wallets and exchanges instead to have the knowledge about bitcoin and how to have the privacy needed.

Exactlyy! That has happened since couple of years. After all this is business and everyone is trying to ease peeps around here and making them think that there wider usage for the bitcoin or even other altcoins. Since human is a greedy species and they like to see profits and also have sense of being part of something great they will fall for such traps. No wonder slowly we also need to switch to such wallets for the sake of safety and security of funds. Not for the concerns arising from privacy but to save the coins from brutal hacks. As the time is passing ahead many peeps are getting stronger in hacking side rather than development of bitcoin. As if they are trying to prove something and wanna show how bitcoin is not as great as we think.
Well I dont wanna go deeper on that side but there are reasons for this to happen over the period of years. We have to change as the world reacts!

[Mahiyammahi]

Well this a very suitable proposal. But to do this this should've be done by big organization or government to aware their all people to know about this type of methode.

There's still majority people won't believe in bitcoin or they don't know the usefulness of it.

I think your proposal can be made true in future

[michellee]

As I widen my quest for knowledge on Bitcoin and the entire blockchain network, I discovered that Bitcoin has destroyed the rule of the third party. Transactions have been made easy my personal experience made me discover that Bitcoin is the perfect payment gateway for companies and business for flexible payments across borders.

But most of the transactions built up as of yet are governed still by third parties due to the existence of exchanges and custodial wallets. I don't blame them though, most people want the ease of access and qol stuff so having all this centralized stuff helps make stuff easier if you don't want to learn or do anything BUT it does defeat the existence of using Bitcoin for what it is. Maybe when Bitcoin is seen as a currency by most then it would be possible, but right now? It's mostly seen as an investment tbh.

Bitcoin is now growing from the investment side to become a payment system, but with the fee that seems too high, bitcoin is still seen as an investment. But yes, I agree that bitcoin is the perfect payment gateway to send funds across borders and the funds will arrive at that person in a short time. But unfortunately, the government side does not fully agree with bitcoin and it seems they want to limit the use of bitcoin for their people. Sooner or later, people will realize the easiness of bitcoin and try to use bitcoin for transactions.

[ChiBitCTy]

Exactly right and the whole point of bitcoin and what Satoshi himself wanted to achieve, independence from fiat money and its government overlords. Bitcoin still has its issues and some things it needs to clean up but it’s certainly on its way.

[Rahman11]

A bitcoin payment gateway allows merchants to accept transactions in bitcoin. These days, most of these payment processors facilitate the buying and selling of many other altcoins such as Ethereum, Litecoin, Ripple, and Bitcoin Cash too.

[Coyster]

There's still majority people won't believe in bitcoin or they don't know the usefulness of it.

I second that, and I think it's cause of the propaganda and erroneous information the media spreads about Bitcoin, most of this anti-Bitcoin news are sponsored by the government in a bid to discourage people from using Bitcoin so they don't get control of their funds, as we all know the government would stop at nothing to make sure people use their CBDC's instead of Bitcoin, and that's cause they can control their central bank digital currencies, but they have no control whatsoever over Bitcoin.

I think it’s safe and secure to keep my money in my wallet even when I am not using it.

Yes it is, so long as it's a non-custodial wallet, if you use a custodial wallet to store your coins, then you're making a big mistake cause you're not the one with the keys to your funds, and by extension the funds isn't yours, the exchange/third party service can be hacked and you'll lose your funds, so always do your research before choosing a particular wallet, and never forget the rule of thumb that says you should never share your seed phrase with any other person.