Knowing the truth behind the myths that exist behind bitcoin will help you truly understand its functions and what
what bitcoin offers. The popularity that bitcoin has reached is impressive, however, this has generated myths or misinformation about this innovative system. For this reason, we must go to sources of truthful information such as
trustpedia.io/en/
Now, you may wonder why they don't stop growing
myths about bitcoin?, it may be due to fear, hidden interests or simply ignorance that many people have
about bitcoin. We will take care of explaining each of the myths and denying them.
Know the truth about bitcoin!
- Bitcoin offers nothing new: this is the myth or most common rumor about bitcoin. This is completely… untrue. Most digital currencies are controlled by a central bank, where the government serves its own interests.
Moreover,
bitcoin is a decentralized system, that is, control does not depend on any government or central bank. Coins cannot be created at will, which prevents inflation and devaluation of the value of bitcoin.
- Bitcoin is illegal!: This is wrong, that bitcoin does not belong to a specific entity or government, does not mean that it is illegal. Even the miners that make and mine bitcoin, whatever the use, do not require anyone's permission to use bitcoin. It should be noted that some countries have prohibited it, for other reasons, but you should inform yourself about it.
- Bitcoin is only used by criminals: the truth is that it is not. Bitcoin is a decentralized and transparent currency, this can cause the ease of counterfeiting transactions with paper money or cash. It is crucial to invest in secure platforms, with established businesses and in accordance with Spanish regulations.
- Nobody uses cryptocurrencies: the world uses cryptocurrencies (especially bitcoin)! You must forget this myth completely. Now, can you think of the last time you heard about bitcoin, on an outing with friends? last night at dinner? When were you walking on the street? there is!
bitcoin is the cryptocurrency most named and popular, thanks to all the advantages, characteristics and protocols that it maintains.
- Bitcoin violates government regulations: it does not exist! There is no government regulation that prohibits the use of bitcoin. Obviously there are countries where they have implemented measures to regulate the use of bitcoin to avoid falling on the illegal side, however, we recommend updating with these regulations.
- Bitcoin collaborates with self-sufficient artificial intelligence: well, the functioning of bitcoin is the blockchain. Being a single, detailed and decentralized record of all transactions made with the cryptocurrency. Now, artificial intelligence refers to an engine that is capable of executing functions or actions from a database. Debunked the myth? That's how it is.
Technology has different potentialities, you could even benefit each other. But, artificial intelligence is not implemented due to the fact that it can encourage human behavior with bitcoin payments. Many myths develop as bitcoin gains popularity. It is advisable to search
correct information about bitcoin, technology is not bad, you can make the most of everything it offers.