Debunking bitcoin myths

With the international attention on El Salvador’s historic adoption of Bitcoin, some critical myths have emerged that are in need of busting.

Famous hedge fund manager Ray Dalio tweeted out a thread listing the three biggest issues he sees with bitcoin. Let’s correct him.

Bitcoin Magazine first covered common misconceptions about Bitcoin as a guide for journalists in 2013. But some myths persist, so here we go again.

Bitcoin Magazine’s Week in Review for week of July 13th, 2019

The accusation that bitcoin is nothing more than a Ponzi scheme is perhaps the oldest, longest-standing criticism of the digital bearer asset.

Bitcoin can be quite useful for criminals, much like physical cash. However, the permissionless nature of Bitcoin also enables other valuable use cases for this new technology.