Myths

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Revision as of 21:46, 3 January 2011 by Kiba (talk | contribs) (Created page with "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 any...")

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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.

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