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8 Misconceptions You Need To Get Rid of To Embrace the Bitcoin Revolution

8 Misconceptions You Need To Get Rid of To Embrace the Bitcoin Revolution



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2 Comments

  1. tl;dr:

    * “Bitcoin has no intrinsic value”
    * “Bitcoin is far too complicated for the general public to adopt”
    * “Bitcoin is too slow to be a widespread means of payment in everyday life”
    * “I don’t have a problem with the current system. I don’t need to leave the current monetary and financial system”
    * “Bitcoin will be overtaken by other cryptocurrencies in the future”
    * “Countries will ban Bitcoin which will make it worthless”
    * “Bitcoin is an ecological disaster”
    * “I’m late to the party to take full advantage of the Bitcoin revolution”

    What else?

  2. tldr; Over 125 million users own Bitcoin, but less than 1% of the world’s population understand why Bitcoin is there and how it works. The value of Bitcoin is given by its users, whose numbers are growing all the time. Unlike fiat currencies, no one is forcing you to accept that Bitcoin has value. It is up to each user to decide whether or not Bitcoin is valuable.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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