This will be the anchor article to break the myths this year 2020, there are some myths about how Bitcoin cannot scale or cannot otherwise work as Satoshi intended.
These myths were successfully used to stall the scaling and adoption of Bitcoin, until Bitcoin Cash present days.(well, came about through the blood, forks, drama and tears of a lot of the early adopters and proponents of free tax on-chain scaling).
I will be updating the list of myths as this progresses, based on the community's feedback in comment.
Bitcoin is not backed by anything
Cryptocurrencies are used for illegal activities
Bigger blocks will inevitably lead to centralization
IFP is the best fund option
Anyone can make a new Bitcoin
The small-block movement was supported by the majority of the Bitcoin community
Immutability should be highest priority
Bitcoin must first become a Store of Value before becoming a Means of Exchange
Blocks need to be kept small to keep the system decentralized
You can not buy anything with Bitcoin
There is no real demand for large blocks.
Segwit is needed for the Lightning Network
Bitcoin can and will be shut down by goverments
Lightning Network can easily accommodate all people in the world in reasonable time while keeping blocks small
Blocks must be kept full to have a working "fee market" to secure the chain
Bitcoin is too volatile to use as a money
Bitcoin can be hacked
Flipstarter is a political tool
Bitcoin has an official website
Bitcoin Cash has a reference implementation
Bitcoin is a store of value
...
You can help by adding myths you can think of which I haven't mentioned yet, there is a lot of Myths to debunk in cryptocurrencies ecosystem.
Positive contributors may receive #MYTHHUNTER tokens which are intended as a reward token, and for dividends issued by anyone feeling generous toward the mythbusting effort (using a tool like https://tools.bitcoin.com/slp-dividend-calculator/ ).
So make sure you are able to obtain an SLP address for yourself! (get the Bitcoin.com Wallet, Crescent Cash wallet or Electron Cash SLP edition, all of which support SLP tokens)
Commenting is free on read.cash, and good contributions will be rewarded by myself here, as I see this myth-busting article series as a collaborative writing project to which we (BCH community) can all contribute.
There is no wealth like knowledge, and no poverty like ignorance. -Ali ibn Abi
Hello, I want to write an article but while browsing, I have come across with the article of Cain.
It's a year old, so do you still require participants to debunk this myth?
Lightning Network can easily accommodate all people in the world in reasonable time while keeping blocks small
Indeed it is a great article, Feel free to add new myths.
I hope I can make it in time
Bitcoin Cash has a reference implementation. The code of the reference implementation is the specification of the Bitcoin consensus rules.
IMO no hay implementación de referencia ni especificación.
Solo hay una dinámica de convivencia basada esencialmente en la costumbre.
Bitcoin has an official website.
Hello, I leave my articles for the myth of "Bitcoin is not backed by anything".
SLP Adress: simpleledger:qzrn5pt8ygzca3prf52e8k4lxkhjd6qh6ytctcc70g
Buen artículo. En efecto, Bitcoin no está respaldado por otro activo ni por una autoridad centralizada, pero eso no es algo malo. Por el contrario, asegura resistencia a la censura. Bitcoin (y también Bitcoin Cash) es valorado por sus cualidades, no por su respaldo, mientras que el dinero estatal es "valorado" porque los demás lo usan bajo amenaza de violencia.
Mitos a cazar (lista traducida al español):
https://read.cash/@rsene00/bitcoin-can-be-hacked-f211d659
simpleledger:qqanh5zglxelwjfn2kdng4z3eu5pnss8eq5tewez20
https://read.cash/@Cathy99/mythbuster-bitcoin-can-and-will-be-shut-down-by-governments-394cf1e8
simpleledger:qpv954w6wgcjgxq42h6f04rfc6lnjk2h95w542rrgu
Another entry :) https://read.cash/@sjbuendia/mythbusting-bitcoin-can-and-will-be-shutdown-by-governments-f90ce16b
And my SLP address simpleledger:qqejgmeg5wyjfxex5xrc0hrlj3w9ef2deunp4e5a3l
HI! Please, add another SLP adrress to this entry to avoid mix up the votes with you another entry.
simpleledger:qpq5g3zwnan54xkjtfnk9tjdfudkcgr06ujeg9kp29
simpleledger:qpq5g3zwnan54xkjtfnk9tjdfudkcgr06ujeg9kp29
Thank you! Sent https://explorer.bitcoin.com/bch/tx/b34d68b2548962efd77def3ec64b2308ba350f752317419245b7d5e64e36607d
https://read.cash/@EmilyBitcoin/bitcoin-cash-myth-busting-block-size-and-decentralization-afa1f7af
simpleledger:qz65wsmzr4l6dekn2jh8g22lh9enfwsd6gtke5dvmu
My entry: https://read.cash/@Fzrabbi/litecoin-keewhat-is-litecoin-b14e3866
simpleledger:qzpens8lyd8vc3p3vugthupy5806647rnqcfrvl88x
hello!💚 good day! 😊
https://read.cash/@Boyet/mythbuster-anyone-can-make-a-new-bitcoin-2c0bf0e2
simpleledger:qpjtz7r9yja7n04vcwglhxjf9x8dncg9fcjllun8gq
https://read.cash/@LearnToEarn/myth-you-cannot-buy-anything-with-bitcoin-f66c1f15
simpleledger:qrpn4ye2cp4zrqc7dvqxwm2uma0txs5xdqnmvavef9
simpleledger:qq2kxykl673ky2fqqu5xsrcspljajk9edqrpvrcu24
Thanks for the reference and for the heads up. If my article doesn't qualify for the contest, it's fine for me. 🤗
Hi, I am also a Filipina
The article is good however this is not a myth. The Bitcoin Scam Revolution may have happened before but cryptocurrency activities are already legal in the Philippines. A myth is something debatable, an argument or something like that.
Oh. I see. Thanks for the info. I just tried to write something about it because I thought that is one of the hindrances why it was hard for me to onboard people into the BCH community. If it doesn't qualify as a myth for the contest, it's okay. 😁
https://read.cash/@pickles/bitcoin-is-too-volatile-to-use-as-money-8f0710a2
simpleledger:qzrq2nhpyg703ssfq3tl0s9hwe75rg79vqe2unxj5y
There are a couple more pretty common myths not listed here that I was considering writing full articles about if I have time, or anyone else could:
Bitcoin is a waste of resources (this is only true if all that energy is used to confirm a very limited amount of transactions like with BTC)
There’s no need for a cryptocurrency for small payments since fiat works for those (small is relative, not everyone has good access to fiat money even for their small payments, and even if they do it likely still has worse fees than BCH)
My article is here, that written in Bengali,my native language,on the myth " Bitcoin,Cryptocurrencies are used for illegal activities" .If English needs I will try to translate my article. Here the link: https://read.cash/@Mr.Trenzs/opradh-krmkande-kriptokarensi-bzbhrrit-hz-myth-cryptos-are-used-for-illegal-activities-79a01b76
My SLP(simpleledger ) address:
simpleledger:qzp029l90ekw3x56fy3ffqdlnrkq47xjxs4nsqy7zp
I think your article is good! But need some improvements like, the link insert in the text, I mean clickable links-text.
No existe una demanda real de bloques grandes. Gracias por crear concursos donde todos podemos participar :).
https://read.cash/@BeardedCake/no-existe-una-demanda-real-de-bloques-grandes-1bdd1579
Here is my entry https://read.cash/@sjbuendia/mythbusting-you-cannot-buy-anything-with-bitcoin-0d2ab957
And my SLP address simpleledger:qqejgmeg5wyjfxex5xrc0hrlj3w9ef2deunp4e5a3l
This is my first time doing this and if there's anything that I can improve, please tell me because I also plan to debunk another myth if I can make it in time :)
Great!! I am excited to see u here, you can invite some friends as well. All participants will receive Mythhunter tokens for the final BCH airdrop to token holders.
But still, I will keep inviting them
you can invite some friends as well
Actually, I already invited them to join the competition after I saw your post last night in noise.cash and gave them some few examples of mythbusting articles published in this platform but I didn't get their interest. I have only written because I want to try :) the competition last year was fun and it helped me understand more
Here's mine translated entry: https://read.cash/@Mr.Trenzs/bitcoincryptocurrencies-are-used-for-illegal-activities-myth-0b9048e6
And the SLP address: simpleledger:qzp029l90ekw3x56fy3ffqdlnrkq47xjxs4nsqy7zp
My very own entry https://read.cash/@BitcoinCashThoughts/mythbusting-ifp-is-the-best-fund-option-bbdd17b2
And my SLP simpleledger:qq3l9er3393zkv667gtt2jzkklfytdqy0vj0p76m4j
Bitcoin is not backed by anything
Not a myth, and we like it that way.
Backing means that an institution holds some stuff in equal amount to their paper (or coins) and peg the value of their papers (or coins) to that stuff. They buy the paper and sell the backing, or buy more backing and create more paper. Example: Gold back national money of days far gone, or the tether stablecoin.
Bitcoin is unbacked, like gold, and the dollar, and like gold, real resources need to be expended to create new units. That is what makes the money sound.
I love your argument! Please share your SLP Address.
¿También es aceptable participar argumentando en un comentario?
La participacion es libre, aunque considero que tiene q ser muy bien argumentado para captar la atencion de los votantes. Depende de varios factores y la exposicion que tenga esa publicacion.
I don't think its fair sending his Mythhunter tokens to himself to gain 20,000 Mythhunter tokens
simpleledger:qpaq3fmyr02pwuaxwdkv6jqhdea08mvqnqdy3h6gl7
simpleledger:qpq5g3zwnan54xkjtfnk9tjdfudkcgr06ujeg9kp29