Misconceptions

Bitcoin Resources Misconceptions

Clarifying Bitcoin misconceptions.

You've probably heard Bitcoin described as being bad for the environment, or being used only by criminals. There are a lot of misconceptions around Bitcoin and the resourses below clarify many of these misconceptions.

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How Bitcoin is helping the environment
Not many industries can take a potent greenhouse gas like methane and convert that into work that both secures a global network and drives down CO2. Bitcoin does this and more.
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Bitcoin is Protecting Human Rights Around the World
“It's an escape hatch from tyranny,” writes the Human Rights Foundation's Alex Gladstein. “It's nothing less than freedom money.”
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Bitcoin is Not for Criminals
Just as the internet is not for drug dealers and terrorists, bitcoin is not for criminals. It is for everyone.
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Bitcoin Rocks
Bitcoin has stabilized the power grid, protected human rights, saved people from high inflation, supported local farmers, reduced emissions from oil drilling, and so much more.
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Bitcoin’s Energy Usage Isn’t a Problem. Here’s Why.
Bitcoin’s energy usage is a rounding error as far as global energy usage is concerned.
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Demystifying Bitcoin
This video aims to correct mainstream narratives about Bitcoin, debunk the most common Bitcoin myths, and offer insights and real-world experiences on its various benefits.
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This Machine Greens
The film explores Bitcoin’s relationship with energy — and shows that the image often presented may well have things upside-down.
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The Spiral Book of Bitcoin Mythology: Bitcoin Mining
The truth is that bitcoin miners are like any other market participants: to last, they have to maximize efficiency. That means embracing green energy at every level.
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End the FUD
Links to articles debunking Bitcoin Fear, Uncertainty, and Doubt.

Last Updated: 06 February 2023

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