Title: bitcoin myths Post by: PeterVenter on December 25, 2013, 08:30:00 AM So what bitcoin myths have you heard of, here are some:
Bitcoins don't solve any problems that fiat currency can't solve Bitcoins are worthless because they aren't backed by anything The value of bitcoins are based on how much electricity and computing power it takes to mine them Bitcoins are illegal because they're not legal tender Bitcoin will only enable tax evaders which will lead to the eventual downfall of the USA Bitcoins can be printed/minted by anyone and are therefore worthless Early adopters are unfairly rewarded 21 million coins isn't enough; doesn't scale Bitcoins are stored in wallet files, just copy the wallet file to get more coins! Lost coins can't be replaced and this is bad It's a giant ponzi scheme Finite coins plus lost coins means deflationary spiral Bitcoin can't work because there is no way to control inflation Anyone with enough computing power can take over the network Bitcoin violates governmental regulations Point of sale with bitcoins isn't possible because of the 10 minute wait for confirmation After 21 million coins are mined, no one will generate new blocks Bitcoin has no built-in chargeback mechanism, and this isn't good Quantum computers would break Bitcoin's security Bitcoin mining is a waste of energy and harmful for ecology Shopkeepers can't seriously set prices in bitcoins because of the volatile exchange rate Like Flooz and e-gold, bitcoins serve as opportunities for criminals and will be shut down Bitcoins will be shut down by the government just like Liberty Dollars were Bitcoin is not decentralized because the developers can dictate the software's behavior Bitcoin is a pyramid scheme Bitcoin was hacked Title: Re: bitcoin myths Post by: Parazyd on December 25, 2013, 08:31:23 AM All statements are wrong :D
Title: Re: bitcoin myths Post by: mufa23 on December 25, 2013, 08:31:31 AM This should get you started. (https://en.bitcoin.it/wiki/Myths)
|