Busting Ten Myths About El Salvador And Bitcoin
With the international attention on El Salvador’s historic adoption of Bitcoin, some critical myths have emerged that are in need of busting.El Salvador’s adoption of bitcoin as legal tender received a tremendous amount of international media attention. This attention has been a welcomed change from ten years of Bitcoin obituaries and claims of Ponzi schemes and the like. Even so, there are myths out there about El Salvador’s momentous new law that deserve busting.Myth one: The citizens of El Salvador are not sophisticated enough to use Bitcoin. This is complete rot. The wallet that the....
Related News
Bitcoin has several persistent myths about it that just refuse to die. Stefan Molyneux and Erik Voorhees dispel the myths and talk about the reality of the predominant cryptocurrency. Erik Voorhees is the co-founder of Coinapult, worked as Director of Marketing at BitInstant, and was founder and partial owner of the Bitcoin gambling website SatoshiDice. Follow him on twitter at: https://twitter.com/ErikVoorhees
The privacy issues associated with Bitcoin make it unsuitable for any illegal purpose in general. For several years now, there seem to be a lot of myths surrounding Bitcoin which need to be clarified and rectified. Several of these topics keep returning on a regular basis, showing an apparent lack of education as far as mainstream media is concerned. It is not all that hard to get some basic facts about Bitcoin right in the first place. Debunking Common Bitcoin Myths. One of the most often heard comments is how Bitcoin has a CEO or leader, which is not true. Bitcoin has a creator, who goes....
We've all heard them before. As a groundbreaking innovation, bitcoin naturally attracts skeptics just as strongly as it attracts supporters, and the technical and theoretical complexity of the digital currency can cause a considerable amount of confusion with those who are not 'in the know'. The result is that critics of bitcoin oftentimes fall back on one or two euphemisms to express why they think it will never succeed - simplified statements like "bitcoin is a ponzi scheme" that higlight often misunderstood characteristics of the digital currency but rarely fully address the situation.....
With everything that’s taking place in the blockchain sphere today, many facts have blurred into myths while several myths have become facts. New technologies usually, bring with them mixed reactions from audiences. But as far as blockchain is concerned, Evan Luthra is here to bust the top misconceptions surrounding it. Evan Luthra is a serial […]
Earlier this year, Joseph Poon and Thaddeus Dryja released the Lightning Network white paper. In it they theorize how a layer on top of the Bitcoin blockchain can allow for instant and cheap bitcoin transactions, while vastly improving its scalability. As a result of the block-size limit debate, the Lightning Network has been getting a lot of attention lately. But, unfortunately, wild myths have started to dominate the discourse. Suddenly thrown in the middle of a long-lasting conflict of visions, Poon and Dryja's concept is hailed both as the great savior solving all of Bitcoin's problems....