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Myths menu.

Myths menu:




1- TECHNOLOGY:  Bitcoin Protocol can’t be set in stone

The Bitcoin Protocol can’t be set in stone?


Bitcoin is decentralized

Why the block size limit keeps Bitcoin free and decentralized

1 MB block size


Bitcoin is decentralized if you run a node


– The block size limit keeps Bitcoin free and decentralized


– Blocks have to be small


 Bitcoin is Broken, Unable to Scale On-Chain


– Ethereum is a New and Improved Bitcoin


 – Don’t trust verify


– Selfish Mining News


2- IDEOLOGY:  Bitcoin is Anonymous


– Satoshi was Cypherpunk


Bitcoin is for anarchist


Bitcoin is anti-government


Bitcoin is anti-Banks

The initial purpose of Bitcoin according to its creator was to abolish central banks.


3- ECONOMY: Bitcoin is digital gold, Store of value.

Bitcoin is not meant to move fast.” – Blockstream CSO Samson Mow

The Bitcoin Store of Value Myth

Bitcoin value as scarcity –

Modeling Bitcoin Value with Scarcity

Bitcoin value as scarcity


Bitcoin value is scarcity


– ENTERPRISE: BTC is Bitcoin


Bitcoin is like SegWitCoin


Bitcoin is LN

BTC Lightning Network’s False Promises”


4- LEGAL: The code is Law

Code is Law


The History of Freezing in Bitcoin. By Craig Wright 22 Apr 2020


The myth that third parties cannot seize or freeze coins is not one that finds any ground in reality.”


Avoid the term “cryptocurrency”

Min 1


– Open source software means free for everything


– We, as a community can change everything we want from the protocol, and we can still call it Bitcoin.


Bitcoin is money Laundering


Bitcoin is for criminals


– To sign a transaction is like to be the owner the founds or to have the identity associated to that founds


Bitcoin is not a cryptocurrency”

Bitcoin is not a cryptocurrency. Craig Wright:: 2019 April 4


– Censorship-resistant

– No keys, not your bitcoin

Bitcoin can be shut down in one day!”



5- HISTORY: Satoshi is not important, WP is not important

Satoshi Nakamoto Porqué es importante identificarlo





Satoshi’s Vision: The Art of Bitcoin. By Craig Wright August 2019



What Bitcoin is Not

Code is Not Law

It is Not Anonymous


It’s Not Anarchist

It’s Not Socialist

It’s Not For Crime

Bitcoin isn’t anti-government,

Core is Not Bitcoin Pag. 92

Cash is Not Bitcoin

permission-less    Pag. 102




The myths of Bitcoin

By Craig Wright | 14 Aug 2018


Protocol governance

Slow confirmation times


Ease-of-use, the grandma test

Mining is wasteful




Myths of Decentralisation…  By Craig Wright  06 Feb 2020

Property and Bitcoin



A Short History of Bitcoin Myths

Written by Liz Louw on

30 April 2019


Part 3: Myth I – Crypto Anarchy


Part 4: Myth II – Bitcoin Offers Secrecy for Criminals


Part 5: Myth III – Bitcoin is Broken, Unable to Scale On-Chain


Part 6: Myth IV – Ethereum is a New and Improved Bitcoin


Part 7: Myth V – Bitcoin is a Speculative Asset


Part 8: Myth VI – The Lightning Network Will Bail Bitcoin Out



Cripto Mitos News










What do you think?

Written by Ramon Quesada

Passionate about Blockchain & Bitcoin technology since 2013, Co- Founder of, Team Manager in the CoinTelegraph Spain franchise (2016-2017 years) Co. Organizer of the Blockchain Boot camp Valencia 2018, Co. Organizer of the mini Hackathon BitcoinSV Barcelona, in August 2019, current coordinator of the BSV Valencia Meetup.


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