Tag: Bitcoin myths

December 13, 2015 BY LeapRate Staff

Top Bitcoin Myths – #9: Bitcoin has no intrinsic value

The following guest post is one of a series courtesy of Marco Streng, CEO and Co-founder of Genesis Mining. [divide] It is commonly argued that Bitcoin has no intrinsic value. To address these concerns, it is important to first understand what defines value. In terms of a currency, value must meet the following criteria: Means of…

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November 01, 2015 BY LeapRate Staff

Top Bitcoin Myths – #3: Bitcoin allows for anonymous payments

The following guest post is one of a series courtesy of Marco Streng, CEO and Co-founder of Genesis Mining. — The best way to define Bitcoin is to visualize it as a public ledger. This ledger records every transaction that occurs on the network and every transaction that will ever occur on the network. With limited technical…

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October 11, 2015 BY LeapRate Staff

Top Bitcoin Myths - #1: Bitcoin is a tool for criminals to purchase drugs, launder money, and finance terrorism

The following guest post is one of a series courtesy of Marco Streng, CEO and Co-founder of Genesis Mining. – Myth 1: Because Bitcoin is anonymous it is a tool for criminals to purchase drugs, launder money, and finance terrorism. Since the first days of Bitcoin the press and other commentators (who should know better) have continually tied Bitcoin to…

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