Another Disingenuous Bitcoin Critic.

I suspect that the reason why some authors do not adjust their perspective is because Bitcoin challenges some of our most basic assumptions. Can human beings govern themselves, if given the right tools? Or are we by nature barely capable of surviving unless controlled by powerful authoritarian forces? Depending on your answer to those questions you may or not (knowingly or unknowingly) choose to ignore the reality of Bitcoin. To preserve the integrity of your existing belief system.

Bitcoin is Extremely Volatile. And that’s Completely Normal.

The argument that Bitcoin is too volatile is a tired argument. Do yourself a favour and take a step back. Bitcoin, a world first that was invented just over a decade ago, is being priced in a currency with more than a century of governance behind it. Which one of those two would you expect to be more volatile?

Did Satoshi celebrate his birthday?

What kind of a person has the mental, moral and emotional fortitude to watch from the sidelines, in silence, while their invention changes the world, without taking a shred of credit or fame along the way, instead choosing to forego untold riches in exchange for the possible realization of what was, at least to begin with, little more than a fragile promise of freedom?

“Who does that?” you ask.

Satoshi did that.

Bitcoin. It’s not just a Hedge. It’s a Wedge.

Investors are increasingly waking up to the reality that their fiat cash reserves are melting ice cubes. As a result hard assets like Bitcoin are gaining traction as a hedge against inflation. However, Bitcoin isn’t just a hedge against inflation. It’s also a wedge that’s forcing open and widening the cracks in a world where true power and control is hidden behind a facade.

Bitcoin is NOT Anonymous.

Many myths persist about Bitcoin. One of the most widely believed, yet deeply mistaken, being the idea that Bitcoin is “only-used-for-buying-things-that-are-illegal.” Because it’s anonymous. The fact of the matter, however, is that Bitcoin isn’t actually anonymous at all. The movement of individual coins can be precisely traced.

Bitcoin is Not a Scam.

If you’ve heard about Bitcoin and you’re only somewhat familiar with it, chances are you’ve heard all about all the scams that are associated with Bitcoin. And if this is all you’ve heard about Bitcoin, then chances are you think Bitcoin itself is a scam. But this couldn’t be further from the truth.