Common misconceptions about Bitcoin. - page 5.

anarkiboy

jr. member

Activity: 42

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Quote from: Gooner0 on August 09, 2024, 12:49:09 AM

I had an argument with a friend just yesterday, who seemingly believes that Bitcoin is being controlled by a single entity and Bitcoin is not secure.

He is definitely wrong, Bitcoin is controlled by at least couple entities:

https://youtu.be/eafzIW52Rgc?t=1049

Pmalek

legendary

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One common misconception that I have heard often from my friend circle is how lucky I am to own bitcoin and how they will never have enough money to invest in and buy one whole bitcoin. It amazes me every time, regardless of how often I explain it to them that bitcoin is divisible enough, making it possible that you buy $1 worth of it if you want. To that they say that it would look silly if they owned only 0.00001 BTC or something like that. Sadly, there is no helping some people.

pooya87

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Quote from: Gooner0 on August 09, 2024, 12:49:09 AM

Misconceptions like this are merely caused by lack of education (Bitcoin related) and sometimes education in general.

That's very common and not just about Bitcoin, but about literally anything. People perceive things differently and when in 21st century we still have people who believe that earth is flat we can't really expect much from humanity about more complex and less common topics such as Bitcoin.

Quote

There even might be people in this forum who have similar misconceptions, the question is how do we tackle this misconceptions?

First we have to educate ourselves so that we actually know how Bitcoin works then we can explain it to them kindly if they were interested in learning about it. If they are not interested, then just move on. It is not our responsibility to educate others.

Poker Player

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Quote from: Gooner0 on August 09, 2024, 12:49:09 AM

There even might be people in this forum who have similar misconceptions, the question is how do we tackle this misconceptions?

Not really. In this forum probably if you find people who have these misconceptions it is because they are newbies. The tackle them thing I would leave it alone. There are people who when the price of Bitcoin was under $100 said it was going to go to 0 and they are still saying it. Don't tell people there is a gold mine, you better grab a pick and shovel.

Plaguedeath

hero member

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Mostly the naysayers are people who get scammed over their own stupidity like buying shitcoins, invest in ponzi scheme, paying fee to unlock reward in fake CEX etc and some of them never buy Bitcoin at all.

The most easy thing is learning while practicing, know how to pick the secure wallet and know about basic security. I've hold Bitcoin for four years and never got hacked which proving if Bitcoin is secure.

Gooner0

jr. member

Activity: 66

Merit: 4

>>They are so many misconceptions about Bitcoin, if I should start mentioning I could end up being bored while typing. The list goes on and on.
I had an argument with a friend just yesterday, who seemingly believes that Bitcoin is being controlled by a single entity and Bitcoin is not secure.
He said a lot to back his claims which although I can't remember his pin points though.
I knew once that he doesn't really know much about Bitcoin so I decided to back out of the argument.
Misconceptions like this are merely caused by lack of education (Bitcoin related) and sometimes education in general.
There even might be people in this forum who have similar misconceptions, the question is how do we tackle this misconceptions?

Topic: Common misconceptions about Bitcoin. - page 5. (Read 890 times)