Topic: What bitcoin myth you want to see us bust next? (Read 4588 times)
the myth that bitcoin is a ponzi/pyramid scheme needs to be addressed .. obviously that is the opposite of what bitcoin really is
Bitcoin is for real. 
Will Bitcoin ever be popular among the average joe and young people (teens, a big big part of the internet generation)
More like, "Bitcoin won't succeed until my grandma can use it!"
Because, you know, grandmothers are such a huge market for technically innovative and disruptive products.
Will Bitcoin ever be popular among the average joe and young people (teens, a big big part of the internet generation)
Will bitcoins die if it becomes mainstream?
is there life after birth?
"Didn't bitcoin go bankrupt?"
I think this and didn't bitcoin get hacked have been busted time and again, but keep coming back up because people do not understand how bitcoin works.
Will bitcoins die if it becomes mainstream?
Thank you all guys for the input.
I think we will make one about how volatility is to be expected with young and disruptive technologies.
Since volatility is all over the place recently
I think we will make one about how volatility is to be expected with young and disruptive technologies.
Since volatility is all over the place recently
When most of the bitcoins have been mined transaction fees will not be high enough to support the network.
Myth or Truth?
Myth or Truth?
myth. u could support the network with a single Block Erupter 333 mh/s USB Stick
Yes and no. You could confirm transactions with 333 mh/s, but not provide network security, because I could come in with two Block Erupter 333 mh/s USB Sticks and perform a 51% attack.
I'd love to see the myth that only men are interested in Bitcoin disproved. I'm holding out faith that it is just a myth anyway.
Women have no use for bitcoins because they love spending money, not hoarding it.
Call me crazy but the seems sexist to me. How can you make that statement and expect to be taken seriously? Wouldn't hoarding it make them a profit which means more money to spend? It's like saying poor people have no use for Bitcoin because they spend all their money to live. I'm just going to assume you were making a joke and in that case, haaha good one!
"Didn't bitcoin get hacked?"
"Didn't bitcoin go bankrupt?"
myth: bitcoin price must be stable before mass adoption
reason: there is a finite number of bitcoins to be generated, so mass adoption will follow a big rise in price, if it ever to happen
reason: there is a finite number of bitcoins to be generated, so mass adoption will follow a big rise in price, if it ever to happen
I'm curious about this, when the last block of bitcoin will be mined, what will happen?
My 2 cents:
The miners will gain only transaction fees so the electric cost will be higher than the revenue,
therefore the number of miners will drop drastically and the chances of 51% attacks will be huge.
Conclusion: when the last block will be mined, bitcoin will die.
myth?
My 2 cents:
The miners will gain only transaction fees so the electric cost will be higher than the revenue,
therefore the number of miners will drop drastically and the chances of 51% attacks will be huge.
Conclusion: when the last block will be mined, bitcoin will die.
myth?
I would like to see this one busted since I'm not completely sure it's untrue myself.
the year of 2140, has no realistic or meaningful explanation that would be of benefit to your corpse, which would have been burried many many years prior. so dont worry about it.
talking about future events is a speculation/theory. and as it has not happened nor will happen for 125 years it will remain a theory. and thus any talk about the year 2140 WILL BE A MYTH until the yar 2140 which is when those myths can be proven as fact.
in short you cant bust a myth until after the fact.
I'm curious about this, when the last block of bitcoin will be mined, what will happen?
My 2 cents:
The miners will gain only transaction fees so the electric cost will be higher than the revenue,
therefore the number of miners will drop drastically and the chances of 51% attacks will be huge.
Conclusion: when the last block will be mined, bitcoin will die.
myth?
My 2 cents:
The miners will gain only transaction fees so the electric cost will be higher than the revenue,
therefore the number of miners will drop drastically and the chances of 51% attacks will be huge.
Conclusion: when the last block will be mined, bitcoin will die.
myth?
I would like to see this one busted since I'm not completely sure it's untrue myself.
When most of the bitcoins have been mined transaction fees will not be high enough to support the network.
Myth or Truth?
Myth or Truth?
myth. u could support the network with a single Block Erupter 333 mh/s USB Stick
But then anyone could easily perform a 51% attack.
Eventually transaction fees will probably not be high enough to insure network security.
I'd love to see the myth that only men are interested in Bitcoin disproved. I'm holding out faith that it is just a myth anyway.
Women have no use for bitcoins because they love spending money, not hoarding it.
Sorry I am new, but are online wallets safe for small amounts of BTC?
Oops sorry wrong thread
I'd love to see you examine the myth that bitcoin will "absolutely, definitely, double, triple, exponentially increase in value to the USD".
Too may people talk about BTC definitely going up in value with absolutely zero math or logic to back it up.
I'm bullish on BTC and I'm glad others are too, but I don't have any fact for it...do you guys have any facts or analysis you can share with the rest of us?
Thanks.
Too may people talk about BTC definitely going up in value with absolutely zero math or logic to back it up.
I'm bullish on BTC and I'm glad others are too, but I don't have any fact for it...do you guys have any facts or analysis you can share with the rest of us?
Thanks.
if you start in october 2013. and draw a line from 90$ and each 2 weeks increase it by 10%ish you will see the line of mining costs EG spring 2014 ($400) summer/now ($550) and if you don some maths of the hashpower/vs costs before terrahashers come online to see mining costs pre-october .. you will see that bitcoin prices never really went below mining costs.. (excluding mtgox on its day of closing).
but thats not science, thats just opinion based on psychology of trading(resistance to sell at a loss) and other trends
I'd love to see you examine the myth that bitcoin will "absolutely, definitely, double, triple, exponentially increase in value to the USD".
Too may people talk about BTC definitely going up in value with absolutely zero math or logic to back it up.
I'm bullish on BTC and I'm glad others are too, but I don't have any fact for it...do you guys have any facts or analysis you can share with the rest of us?
Thanks.
Too may people talk about BTC definitely going up in value with absolutely zero math or logic to back it up.
I'm bullish on BTC and I'm glad others are too, but I don't have any fact for it...do you guys have any facts or analysis you can share with the rest of us?
Thanks.
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