What "facts" you heard about Bitcoin is not true?

[4by2]

I heard that banks and the government will start supporting bitcoins which is simply impossible as banks view bitcoin as their competitor and they will never support bitcoins for sure as bitcoin is a major threat to the banking system.

Well this is obvious, there is no way that banks would ever get behind Bitcoin as an entity, but they might get behind the technology of the blockchain, as we have been seeing recently.

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[nejibens]

There is some people said that Bitcoin still as just virtual currency and couldn't being real money, which isn't true of course but many people still spreading this false information.

[Hellacopter]

There is some people said that Bitcoin still as just virtual currency and couldn't being real money, which isn't true of course but many people still spreading this false information.

People spread wrong ideas about Bitcoin because they don't know it enough, and they don't know how it works. That's why i think the Bitcoin's community should advertise a lot better this powerful crypto currency worldwide.

[blackmachinegun]

There is some people said that Bitcoin still as just virtual currency and couldn't being real money, which isn't true of course but many people still spreading this false information.

even though I think bitcoin users still think that bitcoin only cryptocurrency not as real money. This difference can not be destroyed easily except bitcoin has been accepted by many countries and legalized by many governments. but it has never happened

[Jhanzo]

well the first time I heard about bitcoin people advertised it as an instant, irreversible payment method with no transaction fee (though I didn't get into bitcoin because of these features)... but over time I learned that those are not entirely true.

[1Referee]

I hear a lot noobs say 'Why am I waiting 30 minutes for my transaction to confirm while the block time is only 10 minutes?'.

[ObscureBean]

None for me, I always research topics that interest me thoroughly and I never trust random info from forums and blogs. When I finally decided to try Bitcoin in 2013, I read up as much as I could on it before I joined any forums. I, first need to have a solid understanding of the core principles and how it works.

[Aggressor66]

I'm not sure about this "fact" that i read on some blog 
Bitcoin is secured by military-grade cryptography. The only considerable source ever imposing a threat would be quantum computing, which does not yet exist. Google operates one of the largest computing networks in the world. Even If you combined all of Google's computing power and multiplied it by 1,000, it still wouldn't exceed the computing power of the Bitcoin network.

[maku]

I'm not sure about this "fact" that i read on some blog 
Bitcoin is secured by military-grade cryptography. The only considerable source ever imposing a threat would be quantum computing, which does not yet exist. Google operates one of the largest computing networks in the world. Even If you combined all of Google's computing power and multiplied it by 1,000, it still wouldn't exceed the computing power of the Bitcoin network.

The only difference is that Google network actually can do some useful things, and computing power of bitcoin network is used only to solve somewhat useless algorithms, mining.
Quantum computing is not a threat to bitcoin at all. I doubt this technology will be available in the next 50 years.

[teddy5145]

I heard that banks and the government will start supporting bitcoins which is simply impossible as banks view bitcoin as their competitor and they will never support bitcoins for sure as bitcoin is a major threat to the banking system.

i can not agree with that, i believe that it actually is possible that governments will start adopting the bitcoins if people will leave them no other choice

i heard that bitcoin is the currency of thieves and other crime makers though it is used by people who just buy gadgets legally too

Well good news, Japan will start to adopt bitcoin into their national currency
So After all bitcoin can be adopted by our government too,
though it will mean that bitcoin will starting to get regulated and taxes

On the other side, Russia is starting to ban bitcoin usage

[owm123]

I heard that banks and the government will start supporting bitcoins which is simply impossible as banks view bitcoin as their competitor and they will never support bitcoins for sure as bitcoin is a major threat to the banking system.

i can not agree with that, i believe that it actually is possible that governments will start adopting the bitcoins if people will leave them no other choice

i heard that bitcoin is the currency of thieves and other crime makers though it is used by people who just buy gadgets legally too

Well good news, Japan will start to adopt bitcoin into their national currency
So After all bitcoin can be adopted by our government too,
though it will mean that bitcoin will starting to get regulated and taxes

On the other side, Russia is starting to ban bitcoin usage

Where did you get this bs info from about japan. read carefully:

http://www.theguardian.com/technology/2016/feb/25/japan-to-make-bitcoin-legal-currency

"Japan’s governing Liberal Democratic party is planning to propose legal changes that would define bitcoin and other cryptocurrencies as currencies."

So for now the party just PLANS to propose changes to recognized bitcoin AND OTHER cryptocurrencies as currencies. It says nothing about their national currency. And if this would heppen:

"The changes would mean bitcoin could be more tightly regulated and taxed"

Not sure this is what bitcoiners really want more regulation and taxes on their cryptocurrencies.

[Bestwishes745]

I heard that banks and the government will start supporting bitcoins which is simply impossible as banks view bitcoin as their competitor and they will never support bitcoins for sure as bitcoin is a major threat to the banking system.

i can not agree with that, i believe that it actually is possible that governments will start adopting the bitcoins if people will leave them no other choice

i heard that bitcoin is the currency of thieves and other crime makers though it is used by people who just buy gadgets legally too

I am also not agree with that. as bitcoin is not bank which will compete banks but bitcoin is a currency which will need the support of banks , and banks will sooner adopt it as soon as the governments approve it for them. Whenever bitcoins establishes they will appear in our banks.

[DeDordtenaar]

I hear a lot noobs say 'Why am I waiting 30 minutes for my transaction to confirm while the block time is only 10 minutes?'.

I do not know about it what the cause to be a very long time confirmation. sometimes I even had to wait four hours man! How did it happen ?

[jethrorn99]

There is some people said that Bitcoin still as just virtual currency and couldn't being real money, which isn't true of course but many people still spreading this false information.

I agree. There's a lot of people that only thinks bitcoin is just non real money, but the truth is that bitcoin is universally used.

[xuan87]

from the first time when i knew bitcoin i thought that bitcoin transaction is not traceable until one of my friends show me all of my blockchain transaction, and about the transaction speed, they said that it is fast, but after i used bitcoin i just knew that its need time and sometime a lot of time

but despite all of that i still like bitcoin

[diodio5]

First I heard about Bitcoin I thought buying an Asic was a sure thing to guarantee you a profit but it was just another lie for them to take your hard-earned money.

initially mining very popular almost every user has an account in the cloud mining. and mining equipment sales or miner is highly in demand. even me buy miner 180ghs on ebay. But the longer mining revenue more in less

[honeyhtet]

Probably that bitcoin is free to use completely, Yes it's relatively cheap "the 0.0001 BTC per transaction" but still not free specially on mini-transactions and sending transactions without fees is crazy since it may very well never confirm and be dropped.

[harizen]

When I started using Bitcoin, I thought Bitcoin transactions cannot be traced. I believe this was what I read from a few Bitcoin related site back in 2012/2013.

As I get to know more and more about Bitcoin, I found out that it is not true. Technically, it can be traced from the Blockchain. Ones need to use a Bitcoin mixer before he/she can be "anonymous".

What "facts" have you heard about Bitcoin that is not true - other than the price?

We are the same. Anonymity.

At first I thought people are 100% anonymous while doing bitcoin transaction.

Another one is, back in my newbie days, many people are using bitcoin now and it's already mass adopted.

No.. It's not that much. We are engaged here in bitcointalk that's why we think that bitcoin is mass adopted.

[ajun96]

There is some people said that Bitcoin still as just virtual currency and couldn't being real money, which isn't true of course but many people still spreading this false information.

People spread wrong ideas about Bitcoin because they don't know it enough, and they don't know how it works. That's why i think the Bitcoin's community should advertise a lot better this powerful crypto currency worldwide.

yeah because the reality bitcoin is more than just virtual currency. bitcoin is an investment, currency, and so forth. a lot of the wrong people mentioned bitcoin. that bitcoin just a coin for trade only. it was a great one wrong and therefore we have to spread bitcoin with the right information

[QuestionAuthority]

Ok, so Bitcoin isn't free to use and the exchanges you buy Bitcoin at are raping everyone. Transactions can sometimes be a little slower than just walking to your friends house and handing them cash. So, Bitcoin isn't completely anonymous like cash (that shouldn't really matter unless you're Ross Ulbricht or some pedoperv). So, it's complicated as fuck to use when you already have debit cards figured out. So it's easier to spend your frequent flyer miles or Chevron reward points than your bitcoins. Who cares!

Bitcoin excels at one thing that should make everyone want to use it. It's really really trendy, edgy, cool. Don't you feel a little trendy and superior when you use it? See what I mean, you do don't you?