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Author Topic: What "facts" you heard about Bitcoin is not true?  (Read 6934 times)
barbara44
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March 18, 2016, 06:33:00 PM
 #161

Probably the privacy and anonymity gossip, it is still relatively private but all the transactions are visible in the network..
The actual meaning of anonymity in bitcoin is that whenever a transaction occur then the sender and receiver does not know the details of each other but they know each other from that username with which they have introduced each other.
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March 19, 2016, 10:24:22 AM
 #162

That's it's anonymous, Did not know all transactions are available for public viewing in the internet.
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March 19, 2016, 10:53:01 AM
 #163

when I first used bitcoin I though it was totally free, I was using an exchange "and they where paying the miner fee" later after I installed my first wallet I knew there was a default fee recommended for every transaction.
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March 19, 2016, 12:54:21 PM
 #164

For now 2 facts:
1. Some years ago there were speculations that bitcoins price will rise much faster than it is now, although it is still rising.
2. It is not that anonymous as I thought reading about bitcoins for the first time.
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March 19, 2016, 12:56:25 PM
 #165

I heard bitcoin is not anonymous  and  transaction could be reversed in  a short time with the ip of receiver!

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March 19, 2016, 01:02:31 PM
 #166

when i started using bitcoin at first i've heard that bitcoin is going to die, and i have heard it many times ever since, especially in the speculation section but bitcoin is still alive!

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March 19, 2016, 01:48:53 PM
 #167

when i started using bitcoin at first i've heard that bitcoin is going to die, and i have heard it many times ever since, especially in the speculation section but bitcoin is still alive!

After Mike Hearn tell his vision about this project ("btc is dead")  someone writhe a topic in this forum that help to count how many times btc is dead Cheesy .
Well btc is dead a lot of times.... for every dump Cheesy move!

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March 19, 2016, 02:48:45 PM
 #168

I heard that bitcoin is a scam and when a number of people convert their money to their one day they will find that their bitcoin is worth nothing and the person who introduced bitcoin will disappear from public and will have all the wealth of the people.
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March 19, 2016, 02:50:05 PM
 #169

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 hear everyday 'facts' that are not true about bitcoin, like bitcoin is dying, bitcoin is dead, bitcoin is scam etc.
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March 19, 2016, 03:26:56 PM
 #170

Probably the privacy and anonymity gossip, it is still relatively private but all the transactions are visible in the network..
The actual meaning of anonymity in bitcoin is that whenever a transaction occur then the sender and receiver does not know the details of each other but they know each other from that username with which they have introduced each other.
Yeah, the transaction are viewable to all the public online, which brings insecurity for people, as with that others can find that how much money one have and is sending and receiving.

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actmyname
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March 19, 2016, 03:30:44 PM
 #171

That's you can start earning money by installing bitcoin client on your PC. I don't know how people can even think this way... lol
Well, obviously you need to begin mining. The other thing to note is that nowadays it's more efficient to not mine rather than mine with your CPU. In the old days, it was fine to do so. The difficulty was way, way lower. These days if you try to mine with your computer you would spend hundreds of times more on electricity than you would get back with the block reward.

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March 19, 2016, 03:31:40 PM
 #172

Im tired of hearing by dumb FUDsters how Bitcoin can't scale and thats why it's "doomed". Also tired of the people saying Blockstream are an evil team that want to centralize Bitcoin, when they are doing exactly the contrary.

So many clueless FUDsters in the community. I hope that they at least get paid for their time.
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March 19, 2016, 03:56:29 PM
 #173

That's you can start earning money by installing bitcoin client on your PC. I don't know how people can even think this way... lol
you seem to be fooled by someone bitcoin can not grow just by you install wallet or application. you need mined it mate. but it can damage and burn your laptop or computer.


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March 19, 2016, 04:02:30 PM
 #174

The fact i heard a bout bitcointalk that you will find your new way to make an extra income
so really this was true and i learned a lot from this forum thank you Btcointalk

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March 19, 2016, 05:46:00 PM
 #175

I heard before that bitcoin is an illegal money online but then discovering that it isn't. And bitcoin are money for deepweb only .

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March 19, 2016, 06:54:56 PM
 #176

That a user is "anonymous" in the network and no one can follow your transactions, it's actually almost the opposite since the chain is open and anyone can view the transactions and possible even trace them back to there origin coins.
Yes the transaction becomes viewable to everyone on net but still the user remains anonymous, as there is no data becomes available on internet that which person is that. None of the identity is shown of that person.

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March 19, 2016, 08:01:53 PM
 #177

btc is one of the  biggest ponzi of the history
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March 19, 2016, 08:11:16 PM
 #178

btc is one of the  biggest ponzi of the history

No it's not. It just has a bunch of scammers and con-men working with it and for it.

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March 20, 2016, 05:07:42 AM
 #179

Mining will give you viruses

That's funny wrong info many people tried to spread it since few years ago, but i think very little of ignorant people still think that it's true
Yeah, that info is spread that mining and their softwares will install a virus in your PC and will attack on your all accounts and data, which is completely false. But I am thinking that why people spread rumors like that.
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March 20, 2016, 06:08:57 AM
 #180

I heard before that bitcoin is an illegal money online but then discovering that it isn't. And bitcoin are money for deepweb only .
Yeah I have saw this thing one thread and discussion is going whether that is illegal money or not.
I would like to say to all bitcoin is trusted network where we can find transparent view in all transactions.  These kind of transaction is not in any transfer medium.
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