Navigating Bitcoin and Wallet Functionality

This chapter explores a wallet-integrated application that enables users to send U.S. dollars and receive Bitcoin, while addressing the tax implications of using Bitcoin for transactions. It discusses Bitcoin's volatility, questioning its currency status and reflecting on its potential maturation, as well as clarifying misconceptions about cryptocurrency wallets. Additionally, the chapter highlights concerns regarding transparency and trustworthiness of cryptocurrency exchanges, likening them to fractional reserve banking risks.