Bitcoin is not a crowdfunding network (A beginners guide)

[Wiwo]

This thread is aimed at clarifying some misconceptions of Bitcoin. Because of the anonymous nature of Bitcoin, its network does not require users to buid any network that is to say all you need is to hold some bits. So as a user you don't need to approach any individual unless he/she is willing to learn. Bitcoin is not a referral system.

[1715476345]

1715476345

[Wiwo]

Because of the anonymous nature of Bitcoin

Bitcoin isn't anonymous, but only pseudonymous.

Anonymous I mean it does not require physical contact and at that individual privacy is protected.

[joniboini]

Anonymous I mean it does not require physical contact and at that individual privacy is protected.

IMO you should edit your post and add this explanation, or just use the term suggested by etf above. There is nothing wrong with using the more popular term so you don't misled others. This anonym vs pseudonym thing has been going on for years iirc. If you go by this definition though, there are a ton of things that can fit with "no physical contact while protecting privacy".

[stompix]

This thread is aimed at clarifying some misconceptions of Bitcoin.

Yeah, you just managed to make a mess of everything, who the f word thought that bitcoin was a referral system? Pretty weird topic coming from a guy that just bought 4.5 BTC a week ago:

So excited to see Bitcoin coming down to $59,000 after waiting for a long period of time to see such opportunity to buy more Bitcoin, I just bought 4.5 Bitcoins at the present price

Anonymous I mean it does not require physical contact and at that individual privacy is protected.

Just because you deal in the real world with someone it doesn't mean your privacy is totally unprotected, you can pay with cash physically at a restaurant in a foreign town, nobody will know your name or personal data, they will simply see your face. If on the other hand, you're stupid enough to show your address on some social media....the entire pseudonymity is up in flames.
Again, if I deposit fiat money in my bank online there is no physical contact, but there is no anonymity.

So, no offense, but rather than trying to explain things you don't get yourself to others and make really confusing topics one after the others, how about you do your own research for a while...

[Wiwo]

This thread is aimed at clarifying some misconceptions of Bitcoin.

Yeah, you just managed to make a mess of everything, who the f word thought that bitcoin was a referral system? Pretty weird topic coming from a guy that just bought 4.5 BTC a week ago:

So excited to see Bitcoin coming down to $59,000 after waiting for a long period of time to see such opportunity to buy more Bitcoin, I just bought 4.5 Bitcoins at the present price

Anonymous I mean it does not require physical contact and at that individual privacy is protected.

Just because you deal in the real world with someone it doesn't mean your privacy is totally unprotected, you can pay with cash physically at a restaurant in a foreign town, nobody will know your name or personal data, they will simply see your face. If on the other hand, you're stupid enough to show your address on some social media....the entire pseudonymity is up in flames.
Again, if I deposit fiat money in my bank online there is no physical contact, but there is no anonymity.

So, no offense, but rather than trying to explain things you don't get yourself to others and make really confusing topics one after the others, how about you do your research for a while...

I appreciate your contributions must especially in the area of doing intense research before making a thread to avoid having misconceptions. A will take your advice and work on it. I thought the thread was rich enough with all the needed information that could spike a constructive discussion but I will keep learning.

[KingsDen]

Your caption is captivating but the content is demoralising. When you say A beginners guide, we should be expecting a step by step detailed explanation of the subject matter.
It is not late, you can do some research, edit the OP and elaborate your work on the selected topic.
The topic will be a bit difficult for you to explain, maybe you have to toe the lane of exchanges or scammers doing crowdfunding in the name of bitcoin. I wish this could help.

[pooya87]

This looks like a misconception that you and only you had. I have never heard anyone refer to bitcoin as either a "referral" system or a "crowdfunding" network. Which raises the question of why did you start this topic in first place?

[Charles-Tim]

Because of the anonymous nature of Bitcoin, its network does not require users to buid any network that is to say all you need is to hold some bits.

Can you explain this better, I am not getting any meaning to this.

Bitcoin is not a referral system.

If you meant bitcoin is not centralized? Yes, it is not.

Anonymous I mean it does not require physical contact and at that individual privacy is protected.

Bitcoin is not anonymous, it is semi anonymous or pseudonymous. You can track bitcoin transaction on the blockchain but you can find it difficult or impossible to link it to the person that make the transaction. For people that are privacy concerned, it will be impossible if they are private enough and anonymous enough.