• Contact Us
  • Homepages
  • World
  • Economy
  • Business
  • Guide
Newsletter
About cryptocurrency in plain language
EXMO affiliate program
  • Home
  • Bitcoin
  • Ethereum
  • Regulation
  • Exchanges
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Regulation
  • Exchanges
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
About cryptocurrency in plain language
No Result
View All Result
Home Regulation

Dethronement of the three myths about bitcoin

cripto by cripto
September 24, 2018
in Exchanges, Guide, Regulation
54 4
0
Dethronement of the three myths about bitcoin
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

These myths were engendered by objective factors, which became the main sources of the emergence of idle inventions.

We suggest that you look at the truthful side of the three opinions about crypto-active that are circulating in society.

Related articles

ico

In France created the legal framework for the ICO

October 3, 2018
The Exchange Gate.io — a Complete overview of the exchange, reviews, insights

The Exchange Gate.io — a Complete overview of the exchange, reviews, insights

September 30, 2018

Myth One. Bitcoin is not backed up and has no value

Bitcoin is a value.

Cripto_15

 

Imagine that you have a wallet in which there are dollar bills, you can also apply to bitcoins.

Dollar bills support the economy not only the US, but also other countries of the world, and this is already a significant value.

Similarly, we can say about bitcoin , but with a small difference and correction.

US dollars enter the world market as part of the US economy.

While bitcoin is born in the depths of computers, more precisely, BTC is supported by the blockade , obtained somewhere on the other side of the globe, for example, in the provincial city of China.

Gold, silver and other precious metals are also unsubstantiated. But, no matter how they look at these metals, they are the most expensive assets for centuries. Are they so bad assets on Earth?

Bitcoin has no significance, it’s just an opinion that is not supported by anything.

In fact, the crypto currency has a special value, and buying crypto assets has become commonplace, just like you, for example, apply to the bank.

At some point, you can also suffer from a bank that collapses under the influence of certain forces in the economy or financial system. Therefore, the importance of bitcoin can be equated to an equal degree with $, gold or the banking system.

Myth Two. 21 million bitcoins, too few for all

Indeed, the figure of 21 million BTC is recognized as negligible with those finances that circulate in the world.

But do not forget that after the decimal point there are 8 signs indicating the scalability of the crypto currency.

To be more precise, the network will charge up to 2 quadrillion blocks of Bitcoin or 2 099,99,997,690,000 atomic units of the Bitcoin network .

Cripto_16

 

Each coin is divided into 100,000,000 atomic units.

It is unrealistic to trade BTC for 1 time, all trade is divided into smaller units, which are often referred to as mile-bitcoin (mBTC) or micro-bitcoin (μBTC).

Theoretically, bitcoin has only 21 million units, but the coin can be divided into small fragments and fractions, which allow to increase the scalability of cryptoactive now and in the future. On the other hand, the figure of 21 million can be frightening and negligible. Do not worry, it will be at least 1 century before the last bit of bitcoin has been bought out.

Myth Three. Bitcoin – the financial pyramid of mankind

Most often this opinion comes from those who do not understand the fundamental difference between the structure of the financial pyramid and the working moments of the functioning of bitcoin.

Cripto_17

The Ponzi system is recognized as one of the examples of the pyramid. Strictly speaking, Ponzi suggests pooling investors with a single benefit – making a profit. If we look at the BTC, we will see that in this technology there are no promises for investors, although many are confused with the BitConnect system that has the Ponzi principle. There are no groups of investors in bitcoin who pull the blanket on themselves, here all the issues are resolved collectively, no matter how much bitcoin you have.

There is also a difference in the winners and losers in Bitcoin and Ponzi. The financial pyramid is always unstable.

In place of old money, new money comes, and so on the chain, the result, which is the profit from new money. Here you can immediately understand who is the winner and who is the loser.

The owners of bitcoin benefit from actual demand and acceptance by the community.

Even those who are not considered to be the holder of the crypto currency can see the growing demand and promotion of a peer-to-peer decentralized system, through the introduction of innovations that determine the future.

Thus, the financial pyramids, the same principle of Ponzi and Bitcoin – are two incompatible things with each other, both according to the scheme of work, and the overall ultimate goal.

Tags: AltcoinCointelegraphICOLendingMarket Stories
Share76Tweet47
EXMO affiliate program
Previous Post

As a blockchain can help improve the process of shopping in online stores

Next Post

Regulators of the European Union warn of the risks of investing in bitcoin

Related Posts

ico

In France created the legal framework for the ICO

by cripto
October 3, 2018
0

It will help to attract innovators from around the world The French Parliament at the legislative level approved the rules...

The Exchange Gate.io — a Complete overview of the exchange, reviews, insights

The Exchange Gate.io — a Complete overview of the exchange, reviews, insights

by cripto
September 30, 2018
0

  Platform for trading cryptocurrencies Gate.io appeared in 2017. The exact location of exchanges unknown. This is most likely China...

What’s the exchange Bibox? An overview of the functionality and working conditions, tokens, feedback, insights

What’s the exchange Bibox? An overview of the functionality and working conditions, tokens, feedback, insights

by cripto
September 30, 2018
0

Exchange Bibox – a young Chinese cryptocurrency trading platform with big ambitions. She appeared in 2017 and is gaining market...

Decentralized cryptocurrency exchange: overview of the available

Decentralized cryptocurrency exchange: overview of the available

by cripto
September 30, 2018
0

Active development of the cryptocurrency industry has led the world into a new era of digital payments. The main factors...

Cryptocurrency exchange Gate: overview, features, Outlook (2018)

Cryptocurrency exchange Gate: overview, features, Outlook (2018)

by cripto
September 30, 2018
0

The cryptocurrency industry is growing at huge rates. Ecosystems and networks just a few years ago was regarded as infinitely...

Load More
Loading Facebook Comments ...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Recent Posts

  • Walmart is leveraging the blockchain for communication between drones
  • Crypto-investors should focus on five-year investments – expert
  • Bitcoin exchange rate collapsed in just two hours
  • Baroness Michelle mone was collected on ICO $ 7 million instead of the expected 80 million
  • The EU discussed the possibility of introducing a standard for ICO

Categories

  • Bitcoin
  • Blockchain
  • Business
  • Ethereum
  • Exchanges
  • Guide
  • News Crypto-currency
  • Regulation
  • Ripple
About cryptocurrency in plain language

cialisrx.com – resource about digital currencies, finteh-trends and financial innovations. We talk about the technologies, start-ups and entrepreneurs that shape the shape of the financial world. Venture investments, p2p and digital technologies, crypto-currencies, analytics and surveys are all you need to know in order to be in the trend and earn.

Categories tes

  • Bitcoin
  • Blockchain
  • Business
  • Ethereum
  • Exchanges
  • Guide
  • News Crypto-currency
  • Regulation
  • Ripple

Tags

365CASH Altcoin Avatrade Banker Bibox Bitcoin Bitcoin drops bitcoins Bitcoin Wallet blockchain broker btc CCEX Cobinhood Coinone Cointelegraph Copay crypto-currencies Cryptocurrency Currencies Dash EOS EtherDelta Ethereum exchange faucet games Gate Gate.io ICO investing Investment Kucoin Lending Market Stories Mining Mining Bitcoin Regulators Tokens Visa Whaleclub Wirex

Newsletter

[mc4wp_form]

  • About
  • FAQ
  • Contact Us

Copyright © 2012-2018. All rights reserved.

No Result
View All Result
  • Contact Us
  • Homepages
  • World
  • Economy
  • Business
  • Guide

© 2018 JNews by Jegtheme.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
wpDiscuz