ahmedhammad on Nostr: Looking to understand #Bitcoin better? Check out this thread by @v4btc, our very own ...

Looking to understand #Bitcoin better? Check out this thread by @v4btc, our very own mythbuster! Spoiler: If you are not into bitcoin, you might end up becoming a Bitcoin believer.
Now

quoting note14u4…83fs

💡A short 🧵 to debunk some #Bitcoin Myths

🙄It's worthless
Bitcoin's value stems from its monetary properties. Verifiable scarcity, global security, and inclusivity make it valuable. It's the inclusive, uncensored money accessible to anyone with an internet connection.

🙄Criminals use it
Bitcoin isn't a playground for criminals. Its transparent ledger and traceability make it one of the least anonymous currencies. Most Bitcoin transactions are legit and used by millions for secure and lawful purposes. Don't fall for the false narratives.

🙄Bitcoin is terrible for the planet
The Bitcoin network is driving sustainable innovation with the increasing adoption of renewable energy sources. It's time for an informed perspective on #Bitcoin's environmental footprint, folks.

🙄Bitcoin is soo slow
While its main blockchain may have limitations in terms of transaction speed, with the Lightning Network and layer 2 solutions, transactions can be almost instant and scalable. Don't let outdated misconceptions cloud the reality of #Bitcoin's speed.

🙄Anyone can copy Bitcoin
Bitcoin's value comes from its scarcity, decentralized network, and consensus mechanism. Attempting to duplicate it is futile due to the transparent and verifiable nature of the blockchain. Many have tried and failed. There is only one King.

🙄Bitcoin's price is unreliable.
Bitcoin's volatility is a testament to its potential for substantial gains. Volatility is a natural characteristic of emerging assets, and Bitcoin's historical performance showcases its ability to deliver impressive returns. Don't fall for FUD.

🙄Bitcoin is too complicated.
Education and user adoption are increasing fast. At @Thebitcoinway_, we specialize in helping people with the technical aspects of #Bitcoin by handling it interactively with them. Book a free 30-minute call with me to review all your questions.

#plebchain