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Six myths about Bitcoin that should be ignored
2018-05-22 20:07:08 Discuss by Moris Beracha - With the entire distortion field surrounding Bitcoin, it is hard to see all the arguments in favor of the crypto currency. However, we should consider that the world of this kind of currency is relatively new and for that reason, it is hard for many people to trust in them. For that reason it is necessary to take some distance from some debates and analyses some myths. "The price of Bitcoin is very high" Despite having declined by more than 60% since its all-time high in December, the... Continue reading.
FAQ - Bitcoin
December 27, 2018 6:55 PM Discuss Use this QR code or address below Find answers to recurring questions and myths about Bitcoin. Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence. Bitcoin is the first implementation of a concept called "cryptocurrency", which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin.
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