Comment: Update: 12/31/2012

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Update: 12/31/2012

Common Misconceptions About Bitcoin 13.37 USD/BTC

Although the problem is now considerably smaller than it was one year ago, a significant amount of misinformation about Bitcoin continues to float around the internet. Part of the problem is that the concept of Bitcoin is so unlike anything seen before; decentralized currencies that have no offline presence were not exactly a common sight before Bitcoin came along. Bitcoin is also unusual in that it is a high-tech subject which has consequences reaching far outside the technology world, leading to under-educated journalists churning out sentences like “the Bitcoin program is under licensing by MIT, the globalist-controlled think-tank college”. In reality, the MIT license used by Bitcoin does nothing more than give anyone the right to freely use, modify and redistribute the software, and has as little to do with MIT itself as Arabic numerals do with Al Qaeda and the governments of Syria and Iran......

“I’m fully diversified. I’ve got some under the mattress, some under the floor boards, some in the backyard.”