Misconceptions About Bitcoin

There is a lot of misunderstanding about Bitcoin, which emerged in 2008 with the technical document written by the mysterious Satoshi Nakamoto and entered into our lives as the crypto currency in 2009. With the increasing popularity of Bitcoin, many false information is still spreading on the Internet and in the press.

Here are some of the wrong ones about Bitcoin.

1. Bitcoin's shape

These money-like objects are symbolic and almost worthless. They are almost worthless because they can still be evaluated as a fun ornament on a memorial or office desk. :)

1. Should I have all of Bitcoin?

Since Bitcoin's popularity and price have increased rapidly, it has become difficult for many of us to have a full Bitcoin. But the high price of Bitcoin is not an obstacle to its purchase. A Bitcoin can be divided into 100,000,000 pieces called Satoshi. In other words, the main thing that can create a limit in your Bitcoin purchase is not the Bitcoin price, but the minimum amount that can be measured in the currency you are using.

1. Bitcoin doesn't really have a value.

Bitcoin's value comes from the fact that it offers millions of people a safer, faster and much cheaper alternative than the standard methods of transferring money. Moreover, the limited number of Bitcoins and the need for this limited number of Bitcoins to be able to operate on a secure, fast and inexpensive network, is another important reason for increasing Bitcoin's value over the years.

1. We've seen what Bitcoin can do. That is all.

At the beginning of the 1990s the internet was a very difficult topic to explain to people. Nowadays, we don't have a single second independent of it. The present state of Bitcoin is similar to the state of the Internet in the early 90s; a huge potential value and area of ​​use has still not reached our coast.

1. Bitcoin can be blocked and closed.

Companies can be closed, but not a Bitcoin company. It was thought that the only thing that could stop the bitcoin blockblock is the withdrawal of the entire Internet network, which is not a possible scenario for today's world. But stop, the Bitcoin blockbuster is now not only working on the internet, but on alternative networks. Moreover, there is a satellite in the orbit that can broadcast the Bitcoin, and maybe it's just going through us right now. 😊

1. Bitcoin is available for illegal activities.

Bitcoin is more traceable than transparent currency and has a transparent structure. All transactions performed on the bitcoin blockchain may appear if the address is known. Criminals tend to prefer cash-like coins to make them harder to follow, not a network where all transactions are public.

1. But Bitcoin does not have the capacity to make millions of transfers at the same time.

Yes, a maximum of 7 transfers per second can be done on the Bitcoin block block. But thanks to Lightning Network technology, which is in the development phase, it is no longer a troublesome detail for the user.

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