Bad reporting - the common false claims one reads about bitcoins
Bitcoin has drawn a lot of attention lately. That is why many reports about the virtual currency are circulating on the Internet and in the press. However, the claims made about bitcoins do not always correspond to reality. Readers are often presented with half-truths, which make the Internet currency appear in a completely wrong light.
Bitcoins are described as a fantasy currency for eccentric computer geeks. However, Bitcoin is a real means of payment that can actually be used to buy anything. Bitcoins even offer consumers many advantages, because they can be used to shop anonymously and free of charge. The virtual currency was not developed by any hackers, but is based on the work of a man named Satoshi Nakamoto. The idea for the Bitcoin was based on a cryptographic currency.Bitcoin is one of the most powerful cryptocurrencies, its price dynamics can be tracked at https://bitcoindata.org/kryptomeny/ and you can draw a conclusion for yourself. Unfortunately, so far only a few online shops offer transactions with Bitcoins, the confusion that is created around the virtual currency is all the greater.
Bitcoin, for example, is also often associated with Internet crime . Bitcoins are said to be a popular means of payment for this. But that is a claim that cannot be proven. Criminals tend to prefer stolen PayPal accounts or credit cards for their intrigues over the Internet. The Internet currency is even said to enable brisk trading in the underworld. So far, only the notorious online drug shop “Silk Road” is known to specialize in Bitcoin trading.Much to the annoyance of Bitcoin users, by the way, because the shop is wrongly discrediting the Internet currency. Critics also warned that bitcoins were a threat to society, as it opened the gates and doors for the black economy. But tax evasion and money laundering do not take place with the help of bitcoins. In addition, the Internet currency still has a much too low volume of money and money laundering is easier to do with cash. State institutions and banks do not fear the shadow economy, rather they fear a loss of control.