the myth that some rich guy will dump a few million dollars on bitstamp/coinbase and cause a spike in one day. .. seeing as they have deposit limits now, which were not there last year.
goodbye price ramps caused by whales entering the market, hello steady rises by small medium investors. and ofcourse the price resistance rise due to bitpay and others no longer having to sell directly on exchanges as much. due to whales buying privately from bitpay instead.
Topic: What bitcoin myth you want to see us bust next? - page 2. (Read 4588 times)
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.
how about we make one about how volatility is normal for technology that young
or how regulation and governments can't really stop it?
or how regulation and governments can't really stop it?
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
Myth: Bitcoin is more secure than traditional money transfer methods
Bitcoin is quite obviously more secure than traditional money transfer methods as there are no middlemen to mess with your transaction.
As long as you keep your private keys safe
So as long as you ignore the factor that makes it unsafe, it's safe.
Cool
Myth: Bitcoin is more secure than traditional money transfer methods
Bitcoin is quite obviously more secure than traditional money transfer methods as there are no middlemen to mess with your transaction.
As long as you keep your private keys safe
So as long as you ignore the factor that makes it unsafe, it's safe.
Cool
Myth: Bitcoin is more secure than traditional money transfer methods
Bitcoin is quite obviously more secure than traditional money transfer methods as there are no middlemen to mess with your transaction.
As long as you keep your private keys safe
Myth: Bitcoin is more secure than traditional money transfer methods
Myth: a bitcoin plutocracy is preferable to democracy
Myth: Regulation will be good for Bitcoin
Jason Biggs invented Bitcoin.
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?
Sorry I am new, but are online wallets safe for small amounts of BTC?
The energy wasting insanity. Wait that's not a myth
it is a myth
put short
1Thash= 1kwatt electric, doing some maths at the moment the hash power of the network is 153peta hash
so bitcoin uses 153mwatt and thats a world currency of more then a couple million users/merchants
https://blockchain.info/charts/hash-rate
las vegas alone uses 5000mwatt-7000mwatt.. and that's one city of.. poker chips and 1,300,000 residents
https://www.nvenergy.com/company/facts.cfm
bitcoin is 80x more power efficent for the community than the community of pokerchips
The energy wasting insanity. Wait that's not a myth
Myth: Those investing today in Bitcoin have already missed the boat
We are still looking for ideas guys.
"Bitcoin is a commodity."
Some people seem to think that the volatile price tag attached to a bitcoin is what defines it.
Most of confidence in Bitcoin Bitcoin comes from the fact that it does not require belief at all. Bitcoin is fully open-source-based and decentralized. This means that every person has access to the entire source code at any time. All developers in the world can verify how exactly how the Bitcoin. All published bitcoin transactions and can be viewed transparently and in real-time by anyone. All payments can be made without depending on a third party and the entire system is protected by a peer-reviewed cryptographic algorithms such as those used in online banking. No organization or individual who can control Bitcoin, and the network remains secure even though not all users can be trusted.
So, what's the myth?
Most of confidence in Bitcoin Bitcoin comes from the fact that it does not require belief at all. Bitcoin is fully open-source-based and decentralized. This means that every person has access to the entire source code at any time. All developers in the world can verify how exactly how the Bitcoin. All published bitcoin transactions and can be viewed transparently and in real-time by anyone. All payments can be made without depending on a third party and the entire system is protected by a peer-reviewed cryptographic algorithms such as those used in online banking. No organization or individual who can control Bitcoin, and the network remains secure even though not all users can be trusted.
I want to see Bitcoin in ebay so the myth of "Bitcoin will never kick off into mainstream adoption" gets busted.
This one will get busted by itself
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