Topic: What bitcoin myth you want to see us bust next? - page 3. (Read 4588 times)
I want to see Bitcoin in ebay so the myth of "Bitcoin will never kick off into mainstream adoption" gets busted.
I'd like to see "ASIC's arn't centralizing Bitcoin" myth busted....
Bitcoin encourages criminal activity
or at least
It facilitates criminal activity more than other currencies.
or at least
It facilitates criminal activity more than other currencies.
We are still looking for ideas guys.
Id go for the 'only criminals use it to buy x'.
If I were the FBI or CIA etc I would be begging criminals to use BTC. They just need to get the personal info from the exchanges about which wallet is theirs and it opens up their finances way quicker and easier than cash or whatever. Once they get a solid starter lead on a wallet they can then get personal info of any other wallet that has interacted with it. Even if the wallet was created under a friend of 'the criminal' its still a good lead. Assuming the exchanges arent blocking law enforcement on this process, it seems that its way more risky than cash for the criminalez.
If I were the FBI or CIA etc I would be begging criminals to use BTC. They just need to get the personal info from the exchanges about which wallet is theirs and it opens up their finances way quicker and easier than cash or whatever. Once they get a solid starter lead on a wallet they can then get personal info of any other wallet that has interacted with it. Even if the wallet was created under a friend of 'the criminal' its still a good lead. Assuming the exchanges arent blocking law enforcement on this process, it seems that its way more risky than cash for the criminalez.
Well the first one you can't prove or explain why it wasn't created by any of those people or groups, and the second bitcoin could go to zero next week and whether they are investing in is personal opinion.
For the first obe, I agree.For the second one, what are the odds of Bitcoin literally dropping to zero next week? If it loses value, it won't be as fast.
Another myth: 'Bitcoin in it's current state is ready for primetime and mass adoption'
I'd like to hear more about this, mainly though, what can be done or is being done
+1
If OP was really interested in busting myths and do something good for bitcoin, he would take on the truth even if it hurts a bit right now. Critical and constructive criticism is much better for the entire ecosystem than overly positive propaganda that hides the inconvenient truth. Selling an unfinished product without telling the entire truth can come back and bite us all.
But hey, maybe OP is indeed sincere in his alleged intentions, but only he can prove so.
Well, this is not really a myth, it isn't ready for the mainstream and that's why it's not mainstream yet. But the tools to get there are being build as we write this.
The technology is young, we are still laying down the roads, that's expected process and needs time.
Nothing to bust here really.
So far, we haven't picked anything, so please give us more suggestions.
here is a list of Bitcoin Myths. pick up the one of your choice
https://en.bitcoin.it/wiki/Myths
Another myth: 'Bitcoin in it's current state is ready for primetime and mass adoption'
I'd like to hear more about this, mainly though, what can be done or is being done
+1
If OP was really interested in busting myths and do something good for bitcoin, he would take on the truth even if it hurts a bit right now. Critical and constructive criticism is much better for the entire ecosystem than overly positive propaganda that hides the inconvenient truth. Selling an unfinished product without telling the entire truth can come back and bite us all.
But hey, maybe OP is indeed sincere in his alleged intentions, but only he can prove so.
Well, this is not really a myth, it isn't ready for the mainstream and that's why it's not mainstream yet. But the tools to get there are being build as we write this.
The technology is young, we are still laying down the roads, that's expected process and needs time.
Nothing to bust here really.
So far, we haven't picked anything, so please give us more suggestions.
Myth: Bitcoin is a pyramid scheme
That probably falls under the Is Bitcoin a Ponzi which they've already covered. See the op.
Myth: Bitcoin is a pyramid scheme
Myth: bitcoin was created by CIA/The Illuminati/satan itself and has lots of backdoors and a virus in their algorithm that will make it turn to dust overnight.
Myth: bitcoin may get to 0 next week so are not worth investing
Myth: bitcoin may get to 0 next week so are not worth investing
Well the first one you can't prove or explain why it wasn't created by any of those people or groups, and the second bitcoin could go to zero next week and whether they are investing in is personal opinion.
Another myth: 'Bitcoin in it's current state is ready for primetime and mass adoption'
I'd like to hear more about this, mainly though, what can be done or is being done
+1
If OP was really interested in busting myths and do something good for bitcoin, he would take on the truth even if it hurts a bit right now. Critical and constructive criticism is much better for the entire ecosystem than overly positive propaganda that hides the inconvenient truth. Selling an unfinished product without telling the entire truth can come back and bite us all.
But hey, maybe OP is indeed sincere in his alleged intentions, but only he can prove so.
Myth: Bitcoins stored locally are less safe than those on exchange wallets.
Another myth: 'Bitcoin in it's current state is ready for primetime and mass adoption'
I'd like to hear more about this, mainly though, what can be done or is being done
Another myth: 'Bitcoin in it's current state is ready for primetime and mass adoption'
Myth: bitcoin was created by CIA/The Illuminati/satan itself and has lots of backdoors and a virus in their algorithm that will make it turn to dust overnight.
Myth: bitcoin may get to 0 next week so are not worth investing
Myth: bitcoin may get to 0 next week so are not worth investing
Myth: As a bitcoin rises in value, more people hoard the currency as it becomes too valuable to trade for something else. This effect dictates that Bitcoin will never be useful as a currency.
I'd like to see answer about blockchains data size, what will happen in future, will we need like 2 TB HDD for storing whole blockchain or is it gonna be reduced and controlled somehow? Why do we even need that much data, why can't we have pieces, like P2P network has?
lite clients already exist.
I'm curious about this, when the last block of bitcoin will be mined, what will happen?
It depends. Miners spend a lot of money on their hardware.
If the centralization trend keeps up and the block reward gets to small, we may see the major pools start rejecting transactions that don't have a, say, a 2% fee.
Those who control the flow of money have all the power, which is why this centralization problem needs to be solved.
Widespread Bitcoin adoption would somehow prevent fractional reserve banking from happening.
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