Guide to Hating Bitcoin
If you are paying bills, this website does not apply to you: You should LOVE BitCoin, and here is why.
If you are collecting revenue, this website does not apply to you: You should LOVE BitCoin, and here is why.
If you are a state or local government agency that is collecting taxes, this website does not apply to you: You should LOVE BitCoin, and here is why.
If you are sending or receiving remittances, this website does not apply to you: You should LOVE BitCoin, and here is why.
Feelings come from thoughts. Thoughts should be based on accurate information. Here is some:
1. BitCoin Transactions are always and forever visible by everyone.
The software is just a ledger - a copy of which which runs on every node in the system
2. BitCoin Accounts are globally unique.
You may create as many accounts as you want.
Every account is two numbers: A "public key", which is used for deposits, and a "private key", which is the password for enabling spending out of the public key.
Unlike bank and credit card accounts, the public part may only be used for deposit; never for withdrawal.
Since these numbers are very long, they are usually managed by a 2-D bar code (aka a QR code).
At this time, BitCoin has not yet been widely adopted, and therefore its value is still fluctuating wildly from speculators.
Accordinlgy, use BitCoin for transactions; DO NOT invest in holding BitCoin for the long term - you could lose this money.
If mis-managing one's own wallet, one could also lose their own BitCoin forever. Another reason to use BitCoin for transactions only.
4. Learning the Mechanics
A great video, once you decide to spend 23 minutes. If in a hurry now, bookmark this page and return later.
Common fallacies about BitCoin
Setting up one's own wallet
5. Learn by using
Suggestion: Go through the motions described in these pages. See how BitCoin can be useful. Comprehension will come over time.