Responses to FUD

BitcoinBitcoin
$23,939.64
3.02%
self.Bitcoin1m ago
I’ve been having convos with two friends about two diff types of FUD. I’d love to hear what approaches / resources you’ve all found useful to respond with. Nic Carter has been awesome in dispelling almost all “energy usage” FUD. I’d like to find equally good resources for these other two items. FUD # 1 - Btc is used for criminals I already found a quote from a Forbes article [Forbes article](https://www.forbes.com/sites/haileylennon/2021/01/19/the-false-narrative-of-bitcoins-role-in-illicit-activity/?sh=751188243432) According to the UN, it is estimated that between 2% and 5% of global GDP ($1.6 to $4 trillion) annually is connected with money laundering and illicit activity. This means that criminal activity using cryptocurrency transactions is much smaller than fiat currency and its use is going down year by year. I also once saw a guy in a congressional Hearing talk about how on chain analysis makes criminal activity much easier to track than in fiat…but can’t find the video any more. What else is out there in this? Is there anything talking about the dollar in particular? FUD # 2 - btc could still get overtaken by another better tech or coin I’ve heard Breedlove talk about network effect… that is compelling to me but I haven’t found anything concise enough to share with a friend (he isn’t going to read a book). I also think Antonopolous has talked about the possibility of btc simply adapting to swallow up any completion in the future… but I’m not sure how compelling that is. What do you all think is the best (most compelling) approach to this FUD? Appreciate thoughts.