Topic: 9 Misstatements you'll hear about Bitcoin on the media (Read 292 times)
I hear about this 9 misstatements. I want to repeat that: Miners use computer capable of solving very complex computations. Mining hardware actually solves a very simple problem: guessing random members. Then, they check them against a SHA2 function.
Of course! I found that: If somebody controls 51% of hash rate, he controls bitcoin. This is the thing that I have know before. Even if somebody controls 100% of hash rate, he still can not turn invalid transactions into valid, he can just censor transactions.
Blockchains use encryption, so they are private. We can use them to encrypt and protect sensitive data. Oh, this thing is the most important thing for buyer to know when they decide to invest in bitcoin.
a statement that is often used as a pretext of the bitcoin legality that is still not recognized is the 7th point. The media often say, bitcoin has the opportunity to be used as a money laundering tool, a means of buying and selling arms and drugs. I am still in doubt. Therefore, if linked with deep web. I have no idea. but I am very sure, bitcoin can be more useful if used for good.
I am interested in point number 9, when bitcoin falls and does not have the power to rise, I think that other altcoins are saturated, so it's normal for altcoin to choose and find its own track, and ignore bitcoin, because bitcoin is not a standard price for him.
I hope more people could read this or at least do their own research before jumping into conclusions. There are also poeple who are badmouthing bitcoin without any basis. Saying that it is used for illegal transactions.psh!
Bitcoin is mostly used by violent people to commit crimes. I must to say that I am very scared about this problem. However, I totally believe that Bitcoin is mostly used by honest people protecting themselves against financial repression.
therefore, we should be a part of a useful person and share the good news about bitcoin. The bad guys who use the name of bitcoin should we fight with positive information.
Lots of media require education on blockchain and crypto currency in general. The traders were a cause of misconceptions about bitcoin today. 
Bitcoin is the most advanced and up to date crypt project with one of the highest concentration of brain power. This is the first thing that I hear about 9 misstatements on the media.
One of the false information is that Bitcoin is a criminal/illegal currency used by criminals for illegal activities and money laundering.
Also, one of the myths is that Bitcoin will bring you only profit especialy if you are patient enough. This one is particulary dangerous because it can cause huge losses with certain individuals. Bitcoin can make you lose your money too.
Another myth is that Bitcoin will replace the banks. Bitcoin is a healthy competition to banks but it will not replace them.
Also, one of the myths is that Bitcoin will bring you only profit especialy if you are patient enough. This one is particulary dangerous because it can cause huge losses with certain individuals. Bitcoin can make you lose your money too.
Another myth is that Bitcoin will replace the banks. Bitcoin is a healthy competition to banks but it will not replace them.
Bitcoin is mostly used by violent people to commit crimes. I must to say that I am very scared about this problem. However, I totally believe that Bitcoin is mostly used by honest people protecting themselves against financial repression.
This article is excellent I loved it ans thank you op for sharing this here, hopefully it'll help quell some of the myths that are spreading in the crypto market. I really hope some media person sees this and understand what fools they're to spread fud and for all newbies this is a excellent guide I wish there was option to pin this post. Also the point on alt coin is my favourite 
no one could have written it better.
no one could have written it better.
thanks for your sharing
I can suggest one very important thing especially for beginners, myself through it went through this to keep all the money on Coinbase or another online purse.Remember that the keys are missing, so money is gone. Good luck to all 
This proves how everyone still has so much to learn about bitcoin. Think about money for instance. We’ve been using it for the longest time but we don’t completely understand what gives value to it, so how can we all be instant experts of bitcoin? We have to constantly read up on it and not be afraid to ask questions. Keeping this community alive really helps.
when bitcoin was not so popular nobody was saying that things, and now media thinks they can manage the minds of people
Okay some of the good leanings from your graphics here. I never knew that mining is not validation of the complex maths but it is just censoring of the valid transactions itself. This is so petty that media is publishing stuff in completely wrong way and it might be just for their benefits and nice article writings etc. Also did not the operation of miner where it doesn't solve complex math but just referring the source and validating everything. It is so easy to know now but raises me question that if it is so simple them why not build a central supercomputer who can do the work ? Will it affect that hashing power or whether its just not about the superiority of the computer? 
The idea of blockchain not really being usefuly beyond censorship resistance is interesting. Bc it invalidates almost all ICOs.
I guess even using your misstatement guidance could not change the way my fellow citizen think(thought) about bitcoin, bitcoin turn-out to be a scam here in my country so no matter how smart and wise you talk to them they will just close the door before even opening your mouth saying bitcoin.
I believe that the most significant misstatement about Bitcoin is the belief that Bitcoin is a currency. In fact, for now Bitcoin is something in between a giant partner company and a payment system. Bitcoin is much more a payment system than a currency. In spite of this, I am sure that Bitcoin and the blockchain technology behind it can ultimately have a colossal social value and one day Bitcoin will become a currency with all its features and advantages.
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