So I received my first FTC ever, nothing to it. Next I send them on to family!
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This post is mostly for newbies, of which I am one. Just wanted to share my experience and encourage everyone to dive in and learn.
So I downloaded the client, created a wallet, and then was a bit lost. Figured I would just go buy some coins and keep learning, but this took me to trading sites (register create accounts), no way to transfer fiat. Then to money exchange sites (register, create accounts) only to find a brick wall US Banking regulations, etc. Not easily deterred I listed an item on the market place, pretty easy (register as a seller, create accounts) still waiting for a buyer. Next I started on the forums. . . GO TO NEWBIE SECTION, do not pass go, do not collect any ftc. . .so off to newbie section, post my "hello everyone, blah blah blah. Then open the gates to the real forums all excited, hmm tell me to go to more sites that may exchange USD for FTC or BTC then the next for BTC to FTC, etc. . .go look, yep just what I thought been there done that! Getting exhausted!
So hit eBay, if you haven’t guessed yet I am an American, the sellers there were getting 1-1.5USD per FTC, WHAT? The exchanges are clearly saying .20-.30USD. . .good ole America . . .see an oportunity grab it with both hands and milk it dry quick. So I watch tons of listing thinking, like an American, if I can find a place to buy FTC with PayPal and sell it on eBay for 4x what I pay and repeat. . .well . . .
So I slap myself to loosen up the creative side and knock down the greedy side and think. I did alot of that, and searching for a way to arbitrage the discrepancy too. I finally decide so what is $5-10 tuition to learn? Hell I will pay that right? So I pick an eBay seller and I force myself to click the buy it now button and buy 10FTC for 5USD. Pay them and wait for the “within 1 hour of payment received” to pass. . .refreshing my wallet, waiting for something to say “Hey you got money”. Nothing! Seller took a long nap. . .then the next day there it is still an empty wallet and I am wondering how dumb can I be? I copied the public key from the wallet, sent it to the seller. . .yep got that right, well?? So long story short seller sends me the FTC, but it isn’t 10 it is 9.9798. But there it is I have crypto currency!
[img]http://img713.imageshack.us/img713/6030/1olh.png[/img]
Now the picture show both transactions (he sent me more when I asked why it wasn’t 10)The point, this is not rocket science. An 8 year old could do it and it is pretty cool. So just jump in with both feet and get them wet! What are you going to lose? 5-10 USD? They aren’t worth anything anyway, nor most of the other paper in the world.
Okay was able to encourage 1 family member to get the wallet up with success so far and sent them their first 2FTC. This is easy enough that an 8 year old can teach their parents haha, need any help have your kids ask lol
[img]http://i.imgur.com/dtBEl5G.png[/img]
Coming next how I backed up my wallet .DAT file to a USB flash drive.
12/23/13 Update: Okay made the backup your wallet made easy post for everyone. I also got one more family member signed in and walletized with send and receive experience. Maybe only 1 person at a time but, they are beginning to wake up to this!
peace
~//~PS a 12 year old girl can articulate why we need them in less then 7 min here:
[url=https://www.youtube.com/watch?v=GoooTyA6aJg]https://www.youtube.com/watch?v=GoooTyA6aJg[/url] -
Great job. +1 rep for you. :)
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[quote name=“Kevlar” post=“46633” timestamp=“1387614371”]
Great job. +1 rep for you. :)
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Kevlar,
that means a lot coming from you! I get the feeling from reading your stuff that your whole heart and soul is in this.
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You said it. With a bit of practice, one soon realises how beautifully simply transactions can be.