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Author Topic: 22 Bitcoin interesting facts  (Read 316 times)
Bezobraznike
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September 22, 2020, 09:27:17 AM
 #21

   Interesting facts and some funny facts about Bitcoin. Some of these facts should be known to all, like the one not your keys not
your coins! From some facts like this one is, it's on what your money safety depends on. Learning this can save people from making
basic mistakes, for further knowledge you will have to learn a lot more, but for basic users this is enough for the beginning.



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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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September 22, 2020, 10:34:28 AM
 #22

I guess,there are many bitcoin interesting facts which you have just mentioned. Bitcoin is not centralized in anywhere in the world, No government or country control it in anywhere.
Bitcoin transaction cannot be reversed in the process, that is why as a bitcoin users you need to go through your transaction very well before forwarding them.
Government can ban bitcoin but they cannot stop bitcoin because is a decentralized in the world.

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September 22, 2020, 05:49:03 PM
 #23

Also, one coin ERC-20 swap service, Uniswap generates more fees than the entire Bitcoin chain combined!
Good to know Bitcoin doesn't have such a high fees as the ERC-20 chain haha
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September 22, 2020, 06:38:39 PM
 #24

I guess,there are many bitcoin interesting facts which you have just mentioned. Bitcoin is not centralized in anywhere in the world, No government or country control it in anywhere.
Bitcoin transaction cannot be reversed in the process, that is why as a bitcoin users you need to go through your transaction very well before forwarding them.
Government can ban bitcoin but they cannot stop bitcoin because is a decentralized in the world.

Maybe this fact is actually what bitcoin become a interesting technology. Decentralized technology like bitcoin is what really make it different from the other digital technology or digital currency and I guess that's whats makes bitcoin gets a high demand in the market. Seems like government cannot banned bitcoin completely in their country and people could easily finds a way to use or invest at bitcoin. Bitcoin is going to be a big currency in the future as it continue to adapt around the world.
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September 22, 2020, 06:52:06 PM
 #25

I didn't thought it will be that long.
Then, someone quoted the whole thing. Whoa!
16. Bitcoin is very volatile
Bitcoin is highly volatile. The world’s largest digital currency has surely generated a great return for some investors. However, Bitcoin has a highly volatile nature which undermines its ability to function as a proper currency. Predictions have also been made that Bitcoin might fall in the future if it follows its current path.
For now. But soon it will not be that volatile. I'm just not sure if I am still alive on that moment though.  Grin

Ethereum, for instance, is another popular cryptocurrency that was funded through crowd-funding and went live back in 2014.

There are differences, however. Ethereum exists within its own network and is used more for gambling, investing, dApps (decentralised applications) and smart contracts rather than for everyday purchases.
C'mon. that's just too much.
It can be used regularly too, just like Paypal. Sending Ethereum just like money for payment to another person.
As long as both end knows how to deal with it.
But I am also guilty with using it in gambling. Well, so does Bitcoin.
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