Common misconceptions of Bitcoin
Addressing frequently asked questions
Clarify common misconceptions about Bitcoin's intrinsic value, competition, energy consumption, volatility, and security.
Description
In Summary
A quick summary of the topics discussed in this lecture.
Unlike the USD or other fiat currencies, bitcoin is fully decentralized, scarce, and mathematically verifiable.
Through a combination of first-mover advantage and smart design, Bitcoin’s network effect of security and user adoption is very hard for other cryptocurrencies to catch up with at this point.
Bitcoin mining will gravitate towards the cheapest form of energy, which is increasingly renewable energy.
Since BTC has had any exchangeable value, the Bitcoin network has never been hacked.
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