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Author Topic: MISCONCEPTIONS ABOUT BITCOINS! MUST READ!  (Read 1234 times)
Angelique (OP)
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February 13, 2014, 04:21:01 PM
 #1

I would like to share this site -> http://bitcoinmyths.com/, which answers different misconceptions being spread everywhere with regards to BTCitcoin . This is a good start for us.

It’s very interesting guys, visit the site and learn more. Enjoy
Wink
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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roslinpl
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February 13, 2014, 04:32:44 PM
 #2

omg ...
even if what I found on this site is true ...

The way it is written and how they show it ...

Uhm..
Angelique (OP)
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February 13, 2014, 04:52:46 PM
 #3

omg ...
even if what I found on this site is true ...

The way it is written and how they show it ...

Uhm..


What's with the "uhm..."?
roslinpl
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February 13, 2014, 05:05:17 PM
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Uhm... Smiley

Too brutal.
bitbitz
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February 13, 2014, 05:08:33 PM
 #5

Its not that badly made actually. Well done.
quarkyplum
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February 13, 2014, 05:12:18 PM
 #6

the last myth...i think the drugs part is true as a misconception not so much the child part
Sonny
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February 13, 2014, 05:42:53 PM
 #7

the last myth...i think the drugs part is true as a misconception not so much the child part

Why?  Huh
I mean there are tons of merchants accepting bitcoin payment for legitimate goods and services now.
FYR: http://coinmap.org
quarkyplum
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February 13, 2014, 05:52:59 PM
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the last myth...i think the drugs part is true as a misconception not so much the child part

Why?  Huh
I mean there are tons of merchants accepting bitcoin payment for legitimate goods and services now.
FYR: http://coinmap.org


I am saying that there are a lot of legitimate goods/services, thus "Bitcoin is for drugs" is a myth that belongs on there. Just not the child pornography part - I don't think people really think that, it is more so with drugs.
Angelique (OP)
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February 13, 2014, 05:59:07 PM
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the last myth...i think the drugs part is true as a misconception not so much the child part

Why?  Huh
I mean there are tons of merchants accepting bitcoin payment for legitimate goods and services now.
FYR: http://coinmap.org


I am saying that there are a lot of legitimate goods/services, thus "Bitcoin is for drugs" is a myth that belongs on there. Just not the child pornography part - I don't think people really think that, it is more so with drugs.

Yes, that's why it is merely a misconception.
rohnearner
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February 13, 2014, 06:14:36 PM
 #10

You can add few more myth's to list
* BTC is not legal
* btc will die soon
and there are so many other myths circulating around..!

Angelique (OP)
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February 13, 2014, 06:17:42 PM
 #11

You can add few more myth's to list
* BTC is not legal
* btc will die soon
and there are so many other myths circulating around..!

Thanks, we'll add some more Smiley
Ritual
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February 13, 2014, 06:22:46 PM
 #12

I quite liked the page/site.

Newbie oriented mining site - http://cryptoexperiment.wordpress.com/ --- Free BTC - http://freebitco.in/?r=231531
rohnearner
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February 13, 2014, 08:01:25 PM
 #13

You can add few more myth's to list
* BTC is not legal
* btc will die soon
and there are so many other myths circulating around..!

Thanks, we'll add some more Smiley
thanks for considering the suggestion, and if you are open to suggestions this thread can turn out very useful..!

odolvlobo
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February 13, 2014, 09:59:27 PM
 #14

Their description of a Ponzi scheme is wrong.

Quote
A Ponzi scheme is a form of fraud in which the first investors pay later investors to continue an illusion for a non-existent enterprise.

Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
Angelique (OP)
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February 14, 2014, 01:39:08 PM
 #15

I quite liked the page/site.

Oh! Thanks Smiley
chocomav
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February 14, 2014, 03:08:39 PM
 #16

Nicely designed and factual.
yatsey87
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February 14, 2014, 03:31:11 PM
 #17

Their description of a Ponzi scheme is wrong.

Quote
A Ponzi scheme is a form of fraud in which the first investors pay later investors to continue an illusion for a non-existent enterprise.

lol, it's the other way around.
Sonny
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February 15, 2014, 07:25:18 AM
 #18

Their description of a Ponzi scheme is wrong.

Quote
A Ponzi scheme is a form of fraud in which the first investors pay later investors to continue an illusion for a non-existent enterprise.

lol, it's the other way around.

It seems OP hasn't read odolvlobo's post yet... 
AndrewGucci
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February 15, 2014, 08:06:22 AM
 #19

Thanks, this should be the site for those who do not understand how cryptos works.
Cyberdyne
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February 17, 2014, 12:10:51 AM
 #20

Their description of a Ponzi scheme is wrong.

Quote
A Ponzi scheme is a form of fraud in which the first investors pay later investors to continue an illusion for a non-existent enterprise.

lol, it's the other way around.

It seems OP hasn't read odolvlobo's post yet... 

It's been fixed.
digitalninja81
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February 17, 2014, 06:59:09 AM
 #21

Good to know, but it's sort of too basic.

I mean, here on this forum the beginners thread gives one a more detailed picture.
rohnearner
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February 17, 2014, 10:01:26 AM
 #22

Good to know, but it's sort of too basic.

I mean, here on this forum the beginners thread gives one a more detailed picture.
Yeah there is lot that can be added to the site, there is lot of ambiguity about crypto currencies from legal aspects , volatile nature, being anonymous ,creating wallet , mining, ans the list is too long..   

Angelique (OP)
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February 17, 2014, 01:43:03 PM
 #23

Good to know, but it's sort of too basic.

I mean, here on this forum the beginners thread gives one a more detailed picture.
Yeah there is lot that can be added to the site, there is lot of ambiguity about crypto currencies from legal aspects , volatile nature, being anonymous ,creating wallet , mining, ans the list is too long..   

Yes, there are a lot of myths but we just listed few of them particularly the common misconceptions of people about Bitcoin, we'll add some more. Thanks!
fighter
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February 17, 2014, 02:42:11 PM
 #24

You can add few more myth's to list
* BTC is not legal
* btc will die soon
and there are so many other myths circulating around..!

I was about to ask, since when it's not legal and then I remembered you're talking about myths.
But I have to ask you: why do you think BTC isn't going to die soon?
Sonny
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February 18, 2014, 03:38:28 AM
 #25

You can add few more myth's to list
* BTC is not legal
* btc will die soon
and there are so many other myths circulating around..!

I was about to ask, since when it's not legal and then I remembered you're talking about myths.
But I have to ask you: why do you think BTC isn't going to die soon?

Just curious, what makes you think BTC will and can die soon?
Governments "banning" bitcoin? Bitcoin "bugs"?
DeathAndTaxes
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February 18, 2014, 03:45:00 AM
 #26

Quote
Investing in Bitcoin early is no different from buying Apple shares in the 1990s!

I see the point you are making but I would change this to something other than a stock.  Stocks (or the company they represent ownership in) generate revenue and profit.  A bitcoin doesn't generate revenue, it doesn't have dividends.  While it may increase in value there is no underlying cashflow to fall back on if it doesn't.

If you were to pick an asset Bitcoin is more like gold which has seen a tremendous rise in price relative to most currencies since those nations exited the gold standard.
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