iBankCoin
CAPS LOCK IS CRUISE CONTROL FOR AWESOME
Joined May 7, 2012
160 Blog Posts

The Bitcoin Experience

Bitcoin is a simple concept, peer to peer electronic cash, but deceptively difficult to describe.

In 2010 Satoshi himself (AKA Craig Wright) said:

“Sorry to be a wet blanket. Writing a description for this thing for general audiences is bloody hard. There’s nothing to relate it to.”

I have found the easiest way to explain Bitcoin is for someone to experience it. Going into a long explanation is less effective than having a person use Bitcoin. Explaining Bitcoin is a bit like describing how to balance on a bicycle. It pales in comparison to having a person actually ride a bike.

Bitcoin has come a long way since it’s release in 2009 but it’s still a mystery to most people. One of the recent and more significant developments to reduce this mystery has been the creation of user friendly wallets. The BSV wallet leaders are Handcash, RelayX, SimplyCash and Paymail (Paymail is part of moneybutton.com).

These wallets allow one person to send BSV to another person anywhere, instantly, with near zero fees by just knowing the other person’s wallet handle. You get to choose your handle when you create a new wallet.

For purposes of illustration consider the two versions of what I can share to get paid in BSV.

Handcash handle: coinspeak
or
BSV address: 1KPxVWD9tKuTBnk7qzCFZTRJbyJqUhjUTV

Which one do you think is easier to remember, put on a business card, or share with someone over the phone?

This is a big step forward in usability.

Once you use Bitcoin with a user friendly wallet the potential of Bitcoin becomes undeniable.

Since it’s easier for you to experience the power of Bitcoin than it is for me to explain it via more blogs, I am going to give away $5 in BSV to the first 20 people who post their Handcash handle (Android only) or SimplyCash handle (Android and IOS) in the comments below.  Download either app and post your handle (and whether it’s Handcash or SimplyCash) and I will send you BSV. Have a friend download a wallet and send them a $1. Spread the virus.

Then you will experience the power of:

DO NOT FORGET TO BACKUP YOUR WALLET or you can lose your money.

I request that only new BSV users post their handles below. If you already have BSV feel free to ping any handles below with additional BSV.

You are on your way to experiencing Bitcoin. Warning: there’s no going back.

EDIT: This is not a feasible exercise on BTC. The current transaction fees on BTC are ~$3.50. To send $5 in BTC would cost $8.50. On BSV fees are less than a penny.

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18 comments

  1. Serguei Sokolov
    Serguei Sokolov

    $finist

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    • CoinSpeak

      Sent. Everyone, be sure to say if your handle is on handcash or simplycash

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  2. notdeadyet

    So money used to be based on gold or at least on material commodities, and now it’s become a Gypsy chain letter. “Pass this on to five more people and receive blessings from Sister Wojak. Break the chain and be Bog-cursed.”: https://www.youtube.com/watch?v=61Q6wWu5ziY

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    • CoinSpeak

      Bitcoin is an IQ test. Congrats, you are an idiot.

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  3. Todd

    [email protected]

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  4. steve123

    [email protected]

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    • CoinSpeak

      Sent 4:03 PM. For anyone reading this in future, .025 BSV is ~$5.

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  5. Bakunawa

    $bakunawa

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  6. calculater

    Handcash: $DennisP

    I also have a Centbee wallet. Any thoughts on that?

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    • CoinSpeak

      Sent.

      Centbee had support from nchain but they haven’t done anything special. solid wallet with security but falling behind in features quickly.

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      • calculater

        Thanks! The app makes it really simple. A game changer for sure! I’m trying to learn more obviously. I see weathersv uses the bsv blockchain for transactions. I thought bsv is only for money? I assume other transactions can take place on the bsv blockchain, or am I way off? What is the real-world application for this use-case?

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  7. Jay

    $777abraxas. Keep up the good work

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  8. Stephen Franklin
    Stephen Franklin

    [email protected]

    Perhaps you could tell a noob exactly how to add $$$ to my account and withdraw $$$?

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    • CoinSpeak

      Sent.

      Open an account on Poloniex.com to transfer BSV from fiat and back.

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