Egii Nna
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September 17, 2023, 05:38:14 AM |
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Newbies, if you want to start learning bitcoin, it is important for you to protect yourself in time from various information garbage and all sorts of speculations related to bitcoin and its technology. For 14 years of its existence, bitcoin has grown a lot of myths, which are still actively broadcast in the space. Don't get caught in the web of myths and speculation. In any discussions related to criticizing bitcoin, it is important to arm yourself with knowledge. For this purpose, I will recommend you a good set of services and articles that will help you understand everything. Wow, I am very excited to see this thread because this thread will guide not only newbies but also other members that might have little knowledge about the bitcoin ecosystem, but if you can read this article and understand, I assure you, you will never mind in any way to defend bitcoin, and it will also encourage you to explore more and also teach others that are interested but think that bitcoin is a scam. Those people need adequate knowledge about bitcoin itself and its ecosystem.
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Faisal2202
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September 17, 2023, 11:39:23 AM |
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You have created an awesome topic, dear OP, I found many answers to my queries which I had in my mind but I mostly Ignore them. Maybe due to my laziness. But for a second, I thought I should click on your all links and spend some time in reading some topics. And after reading the very first topic I found out a good answer to a query that almost every person (who is not involved in crypto) asked me. And that is: Bitcoins are worthless because they aren't backed by anythingsource I found a very valid answer to this query and thanks to you. I have bookmarked other topics and I will nourish myself with some useful knowledge about BTC. And whenever I a newbie will come here with doubts, I will mention your topic. https://endthefud.org/ This link is comprised of great topics, I read only a few but reading them in a short time for a person is impossible. But I have a question, where did you find this website? As this website is not ranked and seems personal to you (means, some website are so unique and under-rated that only a few people know about them while those same websites consists of a hell lot of useful content). Where did you find it?
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cafter
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September 17, 2023, 12:37:37 PM |
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Nice to see all myths and fuds about bitcoin in one place with good explanation and right answers. but first any newbie is reading without learning the basics of bitcoin then please go and learn about bitcoin then visit OP's links to get better understanding of what is right and what is a myth. I would like to recommend an easy wiki for bitcoin to learn about every word related to bitcoin, don't miss the economics section you will know what problems are associated with today's financial system and what problems are solved using bitcoin.
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Lida93
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September 17, 2023, 12:52:52 PM |
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An individual with the knowledge of inflation and currency devaluation especially if they are from a country that is not doing so well economically, can easily argue with any critic from a practical and real life application point of view about how bitcoin adoption improves the economic prospects of a country using El Salvador as a case study. There's so much that country has achieved in a year that would make great points.
The prevalent spiking inflation has saved bitcoin so much trouble as fiat currency is no more adequately giving the deliverables of a reliable currency with so many people forced by the harsh economic impact of the fiat system to fall on to cryptocurrency mostly bitcoin as an alternative adoption for the failing fiat currency with it's associated constant devaluation and central control. Even in countries where the government places restrictive measures and ban on bitcoin, those that have been privileged to earn the knowledge and benefits of bitcoin are not deterred by their actions as they keep holding on to bitcoin without allaying fears.
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Pingrapole
Jr. Member
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Activity: 126
Merit: 5
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September 17, 2023, 02:05:17 PM Merited by Saint-loup (1) |
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Criticism is part of success because work without criticism does not progress well any wise and intelligent people love criticism and tolerating criticism is a part of growing up, so criticism is using it as a tool against your mind. Satan will throw you many obstacles and overcome these obstacles. This content is very important for beginners.If you are going to do or try to do something big, people will criticize those who can endure it and survive will be successful.In my opinion let them give more criticism and if you see this criticism as positive as you will see that you have done better for his criticism.It is natural that Bitcoin will not fail for every reason ***Bitcoin is working in every field in today's world so you better understand Bitcoin first then present various arguments and its application point of a view Be able to convince them that it is applicable, and you will win the argument with them and the critics will speak for you.
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Zigabel
Full Member
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Activity: 434
Merit: 202
Duelbits.com
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September 17, 2023, 03:52:12 PM |
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You are right and I truly think the newbies need the right information so they don't get distracted. However, as for the caption of the post, I don't see any need for newbies to engage in argument with critics.
Firstly getting or seeking for knowledge is a very vital survival methodology that every newbie must have to be able to survive and thrive in this ecosystem. But seeking for knowledge to be able to engage critic's is a very wrong approach as it will be of more harm than good to every newbie who thread such path. Knowledge/information for growth should be the drive. There are several dangers in acquiring knowledge for the sake of engagement with critics, it makes the information less useful and beneficial to you because after every argument you tend to ditch the knowledge acquired as it has served it's purpose which aught not to be so. Getting knowledge aught to be for the purpose of growth to the individual who has seek such knowledge. The idea of an argument is even a very wrong perception to begin with, as a newbie you are supposed to rather engage in conversation for the purpose of gaining knowledge for growth and never arguing with critics or whosoever.
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Saint-loup
Legendary
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Activity: 2786
Merit: 2428
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September 17, 2023, 05:58:58 PM Last edit: September 17, 2023, 06:31:00 PM by Saint-loup |
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Criticism is part of success because work without criticism does not progress well any wise and intelligent people love criticism and tolerating criticism is a part of growing up, so criticism is using it as a tool against your mind. Satan will throw you many obstacles and overcome these obstacles. This content is very important for beginners.If you are going to do or try to do something big, people will criticize those who can endure it and survive will be successful.In my opinion let them give more criticism and if you see this criticism as positive as you will see that you have done better for his criticism.It is natural that Bitcoin will not fail for every reason ***Bitcoin is working in every field in today's world so you better understand Bitcoin first then present various arguments and its application point of a view Be able to convince them that it is applicable, and you will win the argument with them and the critics will speak for you.
I agree with you, it's also important to listen to the criticisms of detractors, because despite being a religion for some maximalists, Bitcoin is a creation of humans, and even if we don't know the precise identity of its creator, it's not perfect. The amount of computing resources and energy used per transaction are questionable, and should be addressed more efficiently IMO. The mining fees required to spend one transaction, and the amount of time we need to wait in order to get one single confirmation are also very high for a cryptocurrency or in comparison with other means of payment in 2023. This despite limited features (no smart contracts, no real anonymity, hardly safe, ...)
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BlackBoss_
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September 19, 2023, 10:58:04 AM |
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The mining fees required to spend one transaction, and the amount of time we need to wait in order to get one single confirmation are also very high for a cryptocurrency or in comparison with other means of payment in 2023. This despite limited features (no smart contracts, no real anonymity, hardly safe, ...)
I want to have cheaper transaction fee but if a faster block like 5 minutes, 1 minute potentially reduce safety for my confirmed transaction and put my trade deal with a trade partner at risk of like blockchain rollback, double attacks, I will not vote for faster block time. I still believe that safety should be the first factor for any transaction and trade deal. Waiting 10 minutes or 30 minutes to have enough confirmations and make the transaction less likely to be reverted is very acceptable. If anyone wants to have faster transaction and cheaper fee, they can use Lightning network.
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Dr.Bitcoin_Strange
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September 20, 2023, 12:31:55 PM |
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Those are really good contents for a newbie to start with, so that he or she would not get Mileased through other individuals Bitcoin misconception, already there are most people in the society of the country they are but they don't just believe in Bitcoin because of one bad experience they have had or maybe their friends was the person that had the bad investment with some crypto currency as a result of that, they themselves also becomes hater of Bitcoin and when ever they talks, they speak with obsession and misconception, for a newbie or Bitcoiner who has got a grounded knowledge about Bitcoin, the person can speak to defend Bitcoin, but if a newbie who doesn't have a good knowledge about Bitcoin is also there, they can easily get convinced towards the negative idea about Bitcoin from haters. This is good content, like I said before.
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