Difference between revisions of "Myths"

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m (moved Bitcoin Myth to Bitcoin myths: rename page in accordance with standard naming.)
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==Bitcoin is Backed by CPU Cycles==
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==Bitcoin is backed by CPU cycles==
 
Bitcoin is not backed by anything. It is a commodity in its own right. Is gold backed by anything? No! It's just gold. Same thing with bitcoin.
 
Bitcoin is not backed by anything. It is a commodity in its own right. Is gold backed by anything? No! It's just gold. Same thing with bitcoin.

Revision as of 21:12, 9 January 2011

People have several common misconception about how bitcoin really work. This page address these misconceptions.


Bitcoin is backed by CPU cycles

Bitcoin is not backed by anything. It is a commodity in its own right. Is gold backed by anything? No! It's just gold. Same thing with bitcoin.