Busting 5 Most Common Bitcoin Myths Misconceptions
Busting 5 Most Common Bitcoin Myths Misconceptions
These Myth-Busting Articles Dispel Common Bitcoin Myths ...
Revelaing the truth: Top 5 Bitcoin Myths That Need To be ...
Busting the Bitcoin Myths - The Accountant
Busting Bitcoin Myths: The Lindy Effect Hacker Noon
News Analysis: Busting The Bitcoin Myths. By Tax Analysts, from Tax Notes Today.
I would be interested to know what others think about the points brought up in this report. Personally, I think they are accurate on their points regarding the tax treatment of bitcoin, and inaccurate to just plain silly on all of their other points. Definitely an interesting read though! [Pastie Link]http://pastie.org/8847487 [Pastebin Link]http://pastebin.com/DhJzFevY
04-03 12:24 - '"1) Busting the Myth: “Bitcoin has zero value & is backed by nothing.” / #Bitcoin is backed by the resilience of a decentralized network of miners that maintain block validation which establishes a consistent Financ...' by /u/twitterInfo_bot removed from /r/Bitcoin within 39-49min
''' "1) Busting the Myth: “Bitcoin has zero value & is backed by nothing.”
Bitcoin is backed by the resilience of a decentralized network of miners that maintain block validation which establishes a consistent Financial System. Monetary Policy is dictated by code, NOT the
Help busting the myth of Bitcoin’s energy problem. Recommend sources for paper.
You most certainly came across the argument of Bitcoin being too inefficient to become a reliable payment system due to the amount of energy it needs compared to credit cards etc. Unfortunately, this view is as persistent as it is uninformed and the scientific community has done relatively little to debunk this myth. This is part of the reason why I’m currently working on a paper comparing the energy consumption of payments using Bitcoin to payment methods like PayPal, Visa, MasterCard or bank transactions. As with any publication, the more sources you can cite the better. Is there any article, video or paper you can recommend? Please feel free to post any source you have on the topic of sustainability of Bitcoin. Of course, if you have some figures on how much energy credit card companies or banks waste it will help as well. Based on various paradigm shifts in how mining is done and how transactions are processed (moving from CPUs to GPUs/ASICs and the introduction of Lightning) I want to try to give a rough estimate of Bitcoin’s future energy needs on a per transaction basis. What are your favorite sites or services tracking the changes of kWh/transaction over time or number of transaction/time in general? EDIT 1 - I realize that the post sounds quite pro-crypto. Forgive my wording. Please, if you have figures showing centralized payment networks being superior and more efficient then feel free to post them as well. In fact, they are much more valuable since they might include data from sources that were ignored up until now. The goal is to collect as many sources as possible. That's the best way to get a clear and concise picture of the situation. EDIT 2 - Please note that I’m very interested in any post on sustainability related to any of the altcoins as well. The argument of sustainability is something exclusively put forward against Bitcoins. Sooner or later every blockchain application hat to counter that argument. In fact, when it comes to solving the question of how to reduce energy consumption of crypto currencies it is most likely that it is a another altcoin rather than a centralized payment network that comes up with a solution.
Busting the myths about Blockchain and Bitcoin and understanding the connection between the two is essential to know if you are stepping into the cryptocurrency realm. Official Website: https://tokenasia.com/
[uncensored-r/Bitcoin] Will Facebook and the IMF Bust the Blockchain Myth?
The following post by jacqueslegault is being replicated because the post has been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7tdrae The original post's content was as follows:
Busting 7 Myths about Bitcoin 1. Bitcoin is a Ponzi scheme. It’s true that there are many opportunistic entrepreneurs made money by promoting their bitcoin-based Ponzi schemes. For example, some of the cloud mining companies that allow you to buy “shares” or contract in return for guaranteed bitcoin profits. These thinly veiled pyramid schemes will pay profits to earlier investors with ... These Myth-Busting Articles Dispel Common Bitcoin Myths. 2019-12-22 Crypto. Recently, a few Bitcoin Cash (BCH) proponents have been writing a series of myth-busting articles that describe Bitcoin technicals generally thought to be true but which are not. The articles posted on the read.cash blog have reviewed topics like 10-minute confirmation times, SPV wallets, PoW energy usage, and rising ... Busting the Bitcoin Myths: Due to Bitcoin’s complicated technical design and overzealous advocating community, there have been myriad myths surrounding Bitcoin. And, today we are going to bust these bitcoin myths for you! 1. Bitcoin & Blockchain are same-same. Score: 1/0. No, no it’s not. Often you must have come across people who use blockchain and bitcoin as same-same. They can’t be ... According to the widely-cited "Lindy effect" Wikipedia page, the future life expectancy of a technology or an idea is proportional to its current age. However, this is a non-scientific and statistically-invalid claim, which is often used by Bitcoin maximalists to back their claim that Bitcoin is more valid because it's been around for longer. These Myth-Busting Articles Dispel Common Bitcoin Myths. December 22, 2019 December 22, 2019 by Bits n Coins. Recently, a couple of Bitcoin Cash (BCH) supporters have actually been composing a series of myth-busting articles that explain Bitcoin technicals normally believed to hold true however which are not. The articles published on the read.money blog site have actually evaluated subjects ...
This is a video about busting the myths of E-cigarettes and is available originally on the CDC webpage. This video explores the top five myths propagated about high-frequency trading and seeks to set the record straight on some major misconceptions within the financial services industry. Bitcoin Myth Busting - 4 Areas You Need to Pay Attention. This video is unavailable. Watch Queue Queue. Watch Queue Queue 🚨Bitcoin Myths: https://coinsutra.com/bitcoin-myths/ Welcome to another video episode of CoinSutra. Have you ever wondered why there are so many myths surrou...