Authored by Nick Giambruno via InternationalMan.com,
Bitcoin confuses many people, including prominent investment professionals.
Recently, I debunked the top ten most pervasive misunderstandings.
Today, I’ll continue by debunking another five.
Misconception #11—Bitcoin Is Vulnerable to Nuclear War and Utility Outages
Even if the US and Russia engaged in an all-out nuclear war, destroying most of the Northern Hemisphere, Bitcoin wouldn’t miss a beat in the Southern Hemisphere.
To even have a chance to stop Bitcoin, every government in the world would have to successfully coordinate simultaneously to shut down the entire Internet everywhere and then keep it off.
Even in that improbable scenario, the Bitcoin network can be communicated over radio signals and mesh networks. At the same time, small portable solar panels can power the computers running the network if the regular grid is unavailable.
Further, a network of satellites is constantly beaming the Bitcoin network down to Earth.
In short, all aspects of Bitcoin are genuinely decentralized and robust.
Barring an inescapable, global return to the Stone Age, Bitcoin appears unstoppable.
Misconception #12—Bitcoin 2.0 or a…
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