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Debunking all the Bitcoin misinformation, one by one

There’s incredible amount of misinformation out there surrounding Bitcoin. In the Bitcoin community, it’s called FUD, which stands for Fear, Uncertainty and Doubt. Traditional media, journalists, banks, all often spread false, inaccurate or misleading information, some in the hope of discouraging people from adopting Bitcoin because they simply don’t want it to succeed, while others clearly haven’t invested the time needed to truly understand Bitcoin and what it brings to the world. However, the truth always prevails and the fallacies of these people will be brought to light with time. To those who spend the time to truly learn and understand Bitcoin, it is clear Bitcoin is one of the world’s greatest invention and a once in species event. The whole world just hasn’t woken up to this fact yet, but it’s only a question of time.

Below, I address all the FUD and misinformation I’ve encountered since I went deep down the Bitcoin rabbit hole a year ago during which I’ve spent 1000+ hours studying Bitcoin. I now wish to give back to the community in my own way.

Final note, I stand on the shoulders of giants and I am truly grateful to the entire Bitcoin community. My personal discovery and understanding of Bitcoin was made possible by all the people that contribute to the community with incredibly high quality content, from articles to podcasts to books. I sincerely thank Preston Pysh, Croesus_BTC , PlanB, Jeff Booth, Lyn Alden, Michael Saylor, Robert Breedlove, Adam Back, Parker Lewis ,Vijay Boyapati, Saifedean Ammous, Gigi, and Alex Gladstein, to name a few. I strongly encourage you to follow them and many more on Twitter.

Please feel free to leave to a comment if I can bring adjustments to any of the sections below.

Here we go.

1. “Bitcoin is too volatile” : Many people argue Bitcoin is too volatile to be used as a store of value, medium of exchange and unit of account, and to be included in an investor’s portfolio.

First of a...
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