This means targeting
misconceptions about bitcoin, including the idea that digital currency should only be used in online settings, he said.
As its defenders point out, it will be difficult for the U.S. government to completely stamp out Bitcoin use, since there is no central repository for the currency and no central authority that can be targeted (there is a FAQ with some responses to popular
misconceptions about Bitcoin, including the central authority question).
«I quickly realized that, in addition to
misconceptions about bitcoin being used for porn or fraud, security was one of the main hurdles holding it back to wider use,» he said.
over the summer, where he argued against this common
misconception about Bitcoin's supposed wastefulness.
The principal message of the talk addressed a widespread
misconception about bitcoin and other cryptocurrencies that what they are only good for trading and speculation:
Not exact matches
A lot of
misconceptions have arisen
about the Lightning Network and the effect it will have upon
Bitcoin.
At the Inside
Bitcoins conference in New York City, we asked three executives in the
Bitcoin space
about some of the biggest
misconceptions currently surrounding the cryptocurrency.
It is a common
misconception that
Bitcoin miners are the final decision - makers
about what version of the
Bitcoin software is the «dominant» version that drives consensus in the
Bitcoin network.