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Author Topic: What "facts" you heard about Bitcoin is not true?  (Read 6935 times)
Jeremycoin
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March 20, 2016, 08:55:13 AM
 #181

"You can buy anything with Bitcoin" this is what make me keep thinking. Yes of course you can buy anything you want with Bitcoin, but it's not that easy tho.

faucet used to be profitable
diodio5
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March 20, 2016, 09:06:45 AM
 #182

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
I think it was true mate. many of the wallet application or applications altcoin. and miner apps who insert viruses and malware into it. after you installed so the hackers can retrieve all the data and passwords from your computer. I've heard it's real
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March 20, 2016, 09:52:14 AM
 #183

the fact that I heard and that does not come true is that bitcoin is very difficult to use, I guess that's not true. bitcoin very easy to use but for people who are quick to give up is not going to be able to use bitcoin
rinhunter
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March 20, 2016, 11:59:18 AM
 #184

Bitcoin is Illegal.
Well it is illegal but only in a few countries.

Bitcoin is anonymous.
But I could see other people doing transactions. Cheesy
kingaltcoins
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March 20, 2016, 12:10:57 PM
 #185

Bitcoin is Illegal.
Well it is illegal but only in a few countries.

Well some of these countries are bringing back bitcoin. They should be intelligent enough to go with this decision.

Bitcoin is anonymous.
But I could see other people doing transactions. Cheesy

Bitcoin is pseudo-anonymous as you can trace the transaction but cannot know the owner of the address unless he mentions it somewhere.
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March 20, 2016, 02:20:40 PM
 #186

i have heard few people saying that because of the time taken for transaction is too long, this might be the end of this digital currency. This is wrong.

In fact, this deficiency will be overcome by the bitcoin miners and it will stay forever.

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March 20, 2016, 02:22:45 PM
 #187

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.

No way. There is no link of virus and mining.
Minning is a mathematical calculation done by the high speed hardwares and there is no risk of virus in it.

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romero121
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March 20, 2016, 03:44:34 PM
 #188

"You can buy anything with Bitcoin" this is what make me keep thinking. Yes of course you can buy anything you want with Bitcoin, but it's not that easy tho.

Now its really not possible to buy anything with bitcoin. After conversion to fiat anything can be bought. Now small acceptance in store is found which will increase in the future.

Cuidler
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March 20, 2016, 04:01:17 PM
 #189

i have heard few people saying that because of the time taken for transaction is too long, this might be the end of this digital currency.

Confirmation times can be really long like few hours for 6 confirmations, but it is time for final settlement which takes credit cards months (during that time the payment can be reversed). 0 confirmation Bitcoin transactions take few seconds to propagate and shown in your wallet, and I never had problem 0 confirmation transaction to not confirm later, so the Bitcoin transactions taking only few seconds actually

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March 20, 2016, 04:19:49 PM
 #190

I heard that bitcoin will be widely accepted by the year 2016 but still I am not seeing it happening not sure when that day will come to use bitcoin directly.
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April 27, 2016, 09:00:45 PM
 #191

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?

Yeah, transactions in themselves can be traced.

The anonymity of bitcoin isn't in the impossibility of tracking transactions, but in the difficulty of linking those transactions and the identity of one's user.

All tx are public (ledger) but who really own "in the real life" a certain btc could be impossible some time to obtain... Anyone know who own 50 btc from block 1 or 2 Cheesy ? But tx / mining arguments are already tracked...
owm123
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April 27, 2016, 11:37:44 PM
 #192

Bitcoin is Illegal.
Well it is illegal but only in a few countries.

Bitcoin is anonymous.
But I could see other people doing transactions. Cheesy

you can see transactions, but there no no real user identities attached in the transactions in the blockchain. thus bitcoin is pseudo-anonymous.

Bitcoin is NOT anonymous: http://www.bitcoinisnotanonymous.com
BitcoinPaw
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April 28, 2016, 12:49:42 AM
 #193

I heard that bitcoin can be easialy hacked and your money can be stolen at any moment and it was so fun to listen bullshit like this Grin

quintiilieo
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April 28, 2016, 12:54:11 AM
 #194

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?
What thread is this. I think the facts is true . yep you can trace from the blockchain  but you dont trace if you dont transact with others. But you cant track who using it, who are the btc user.

h3rlihy
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April 28, 2016, 12:57:44 AM
 #195

A lot of people I know still seem to believe that bitcoin is just for buying drugs, guns and prostitutes
bittrojan
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April 28, 2016, 01:01:24 AM
 #196

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?
some of my friends tell me that bitcoin was a scam,i'm heard that when i first time to use and earn bitcoin,but so far its not true,bitcoin was never scam since i use and earn it

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Mumbeeptind1963
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April 28, 2016, 01:01:59 AM
 #197

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?
What thread is this. I think the facts is true . yep you can trace from the blockchain  but you dont trace if you dont transact with others. But you cant track who using it, who are the btc user.
Yup bro the fact is true .. But it still that this is anonymous who using it . You can track but you didnt know who it is. But you cant track if they use vpn..

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April 28, 2016, 02:29:13 AM
 #198

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?
What thread is this. I think the facts is true . yep you can trace from the blockchain  but you dont trace if you dont transact with others. But you cant track who using it, who are the btc user.
Yup bro the fact is true .. But it still that this is anonymous who using it . You can track but you didnt know who it is. But you cant track if they use vpn..
its not too happy seeing people talk about bitcoin fact,however its normal if so many people talk about incorrect fact about bitcoinbecasue bitcoin is new comoditiy and its still need a time to reveal all true fact about it.
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April 28, 2016, 03:13:13 AM
 #199

The fact I heard about bitcoin is when people say you can earn a lot from bitcoin.

But I realize that I cannot earn a lot from it when it comes to services and goods to offer because I don't have something to offer.


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April 28, 2016, 03:23:28 AM
 #200

Most peoples said that bitcoin is a currency for such illegal activity, buying drugs, weapons or something like that, they might be true, but i think not only bitcoin can do that, fiat can do that also. It's obviously depend on user, how did they spent their bitcoin wheter for legall activity or ilegall activity, thus i must say this case is not true
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