Help us decide video about which bitcoin myth we should do next! Please.

[Bitcoin For Dummies]

Yesterday we published our 3rd video of the series "Bitcon For Dummies". In each episode we try to explain in just few minutes a common myth or misconception about Bitcoin.
 

• The first one "Finally a simple answer of what is Bitcoin!" - https://www.youtube.com/watch?v=cWYVktImeTk
• The second "Is Bitcoin a Ponzi?" - https://www.youtube.com/watch?v=kImBgWDgIlA
• And the 3rd, just released "Does Bitcoin have an intrinsic value?" - https://www.youtube.com/watch?v=2R3Zg1KL_KE

The first 2 got over 55 000 views in just few weeks. Which is kinda neat but now we want to figure out collectively with you which is the best myth to explain in the next one.

So, after those 3, what is actually bitcoin, how it's not really a ponzi, and what is its intrinsic value, what's the most irritating but common misconception you keep hearing about it?

Help! 

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[DannyHamilton]

It's no good anymore. It got hacked, and the value crashed to nothing. 

[keithers]

You could do one showing how btc transactions are not completely anonymous...

[DannyHamilton]

A bitcoin transaction needs 6 confirmations to be irreversible.

[Bitcoin Cat]

Bitcoin is deflationary (it's actually infationary as more bitcoins are generated over time, but oh well). The point it that we've been propagandized into believing that deflation is a bad thing for the economy. But facts are far from conclusive about this over the history of economies.

[Bitcoin Cat]

Some interesting topics:
*Early adopters are unfairly rewarded
*Bitcoin mining is a waste of energy and harmful for ecology
*Bitcoin violates governmental regulations

[ranlo]

Some interesting topics:
*Early adopters are unfairly rewarded
*Bitcoin mining is a waste of energy and harmful for ecology
*Bitcoin violates governmental regulations

He said myths (as in things that aren't true). The waste of energy is definitely true, and on a pretty big scale. While it's distributed, the cost and damage is still being done.

[Swordsoffreedom]

Yesterday we published our 3rd video of the series "Bitcon For Dummies". In each episode we try to explain in just few minutes a common myth or misconception about Bitcoin.
 

• The first one "Finally a simple answer of what is Bitcoin!" - https://www.youtube.com/watch?v=cWYVktImeTk
• The second "Is Bitcoin a Ponzi?" - https://www.youtube.com/watch?v=kImBgWDgIlA
• And the 3rd, just released "Does Bitcoin have an intrinsic value?" - https://www.youtube.com/watch?v=2R3Zg1KL_KE

The first 2 got over 55 000 views in just few weeks. Which is kinda neat but now we want to figure out collectively with you which is the best myth to explain in the next one.

So, after those 3, what is actually bitcoin, how it's not really a ponzi, and what is its intrinsic value, what's the most irritating but common misconception you keep hearing about it?

Help! 

I would say the History of Digital Currencies might be a neat one
Show people what Bitcoin came from and its roots and how it can potentially impact financial systems.

[CryptoKilla]

You could make one on all of the positive things Bitcoins are used for. Because of negative publicity, for example how Bitcoins have been used for illegal activities, whether it's purchasing illegal drugs or services on Silk Road. This may cause some people to associate Bitcoin in a negative way. I believe it would be good to show just how great Bitcoin actually is as well as the positive community behind it. It would be easy to show a lot of positive things Bitcoins have been used for.

[ranlo]

You could make one on all of the positive things Bitcoins are used for. Because of negative publicity, for example how Bitcoins have been used for illegal activities, whether it's purchasing illegal drugs or services on Silk Road. This may cause some people to associate Bitcoin in a negative way. I believe it would be good to show just how great Bitcoin actually is as well as the positive community behind it. It would be easy to show a lot of positive things Bitcoins have been used for.

If you go with the DNM route, you can also add in that cash is notorious for being used for drugs, weapons, prostitution, etc. and yet people still use it every single day.

[Phinnaeus Gage]

That Brock Pierce elected to the board of TBF wasn't fixed and that's he is indeed a flaming heterosexual. Hell, go for broke and prove that Sunlot is looking out for the best interest of Mt Gox's customers that lost millions.

[Bitcoin For Dummies]

A bitcoin transaction needs 6 confirmations to be irreversible.

Actually that give me the idea that we can make one explaining how bitcoin transactions are actually instant and how double spending attacks are not the boggie man some people make them to be?

[Bitcoin For Dummies]

That Brock Pierce elected to the board of TBF wasn't fixed and that's he is indeed a flaming heterosexual. Hell, go for broke and prove that Sunlot is looking out for the best interest of Mt Gox's customers that lost millions.

We are not doing drama episodes, sorry

[ranlo]

A bitcoin transaction needs 6 confirmations to be irreversible.

Actually that give me the idea that we can make one explaining how bitcoin transactions are actually instant and how double spending attacks are not the boggie man some people make them to be?

This is a good idea. It needs to tie in to hash rate as well (because it's the massive amount of power behind hashing right now that makes the 51% attack improbable).

[Bitcoin For Dummies]

A bitcoin transaction needs 6 confirmations to be irreversible.

Actually that give me the idea that we can make one explaining how bitcoin transactions are actually instant and how double spending attacks are not the boggie man some people make them to be?

This is a good idea. It needs to tie in to hash rate as well (because it's the massive amount of power behind hashing right now that makes the 51% attack improbable).

if there aren't better suggestions we are doing that next?

[Swordsoffreedom]

Well you guys could try more technical things like second level protocols for dummies or sidechains for dummies
Break it down so people are able to understand what they are and clear any misconceptions before they arise
Talk about Ethererum, Mastercoin, Maidcoin, Sidechains Blockchain compression etc.

[BitCoinDream]

Myth: Two persons may end up creating the same bitcoin address.

Needs to be busted...

[Beliathon]

"Investing in bitcoin is a gamble" (spoiler: it's not, there is no risk. The only risk is holding soon-to-be-worthless fiat money)
"Bitcoin is like a stock / similar to stock market"

I'd also like to see someone explore the possibilities of a post-capitalist future economy, and cryptocurrency's place in that economy. Meaning publicly shared "private keys". Err, public keys!

[grahvity]

Ooh, Ooh! I have a good one that would help with merchants thinking about accepting Bitcoin payments but are concerned about the volatility.

https://en.bitcoin.it/wiki/Myths#Shopkeepers_can.27t_seriously_set_prices_in_bitcoins_because_of_the_volatile_exchange_rate

Thanks for producing these!

[Bitcoin For Dummies]

Well you guys could try more technical things like second level protocols for dummies or sidechains for dummies
Break it down so people are able to understand what they are and clear any misconceptions before they arise
Talk about Ethererum, Mastercoin, Maidcoin, Sidechains Blockchain compression etc.

This series is targeted for the mainstream and Bitcoin. You have to keep your focus, right?