28 Jul '14, 11am

The Truth About Bitcoin – Dispelling Common Myths About The Digital Currency: Bitcoin has become frequently ta...

The Truth About Bitcoin – Dispelling Common Myths About The Digital Currency: Bitcoin has become frequently ta...

Bitcoin has become frequently talked about in the financial media. Despite this the general public is still relatively under informed when it comes to this digital currency. In a January 2014 poll it was found that only 25% of US adults were familiar with Bitcoin. This means that there is still significant room to educate the general public about the advantages of using a peer-to-peer digital currency. To address some of those knowledge gaps here are some of the most common myths about Bitcoin as well some of its key benefits. Myth #1: Bitcoin is no different to any other digital currency There have been many other digital currencies in the past, including Beenz, Liberty Dollars and eGold. However these digital currencies are not the same as Bitcoin. These digital currencies were subject to control by financial regulators, governments and central banks. As a consequence th...

Full article: http://bitcoinmagazine.com/14965/truth-bitcoin-dispelling...

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