Common Myths
Separating fact from fiction
"Bitcoin wastes energy"
Bitcoin uses energy to secure $1.7 trillion in value. The question is whether that security is valuable.
"Bitcoin is used by criminals"
Less than 1% of Bitcoin transactions are illicit. Cash remains the preferred medium for crime.
"Bitcoin has no intrinsic value"
Bitcoin's value comes from its unique properties: scarcity, portability, divisibility, and censorship resistance.
"Bitcoin is too volatile to be useful"
Volatility decreases over time as adoption increases. All new assets are volatile initially.
"Bitcoin can be copied or replaced"
Bitcoin's network effect, security, and decentralization cannot be replicated.
"Bitcoin is too slow for payments"
Layer 2 solutions like Lightning enable instant, nearly-free payments. Bitcoin L1 is for settlement.
"Governments will ban Bitcoin"
Major economies are increasingly regulating rather than banning. El Salvador made it legal tender.
"Quantum computers will break Bitcoin"
Bitcoin can upgrade its cryptography if needed. Quantum computing is decades from being a threat.
Misinformation spreads because Bitcoin challenges conventional thinking about money. The best way to understand Bitcoin is to study it deeply and use it yourself.
"Don't trust, verify."