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Addressing Objections to Bitcoin

"Bitcoin has no value."

Economics

"Bitcoin fails as a store of value."

Economics

"Bitcoin fails as a medium of exchange."

Economics

"Bitcoin fails as a unit of account."

Economics

"Bitcoin is a scam."

Economics

"Bitcoin is for bad guys who do bad things."

Morals & Ethics

"Bitcoin is unfair or even evil."

Morals & Ethics

"Bitcoin attracts too many weird and/or mean people."

Morals & Ethics

"Bitcoin is a waste of energy."

Morals & Ethics

"Bitcoin is worldly."

Morals & Ethics

It's (only) used by criminals and terrorists

Bitcoin stands as a beacon of hope and inclusion

It promotes wealth inequality

The initial distribution is unfair

A cost benefit analysis of fiat versus Bitcoin

Why Bitcoin is not a waste of energy

A unified theory of money

A fantastical view of the future of proof-of-work based monetary systems

"Bitcoin is vulnerable to  governments."

Government & politics

"Bitcoin can be hijacked by the powerful."

Government & politics

"Bitcoin isn't regulated by  governments."

Government & politics

"Bitcoin undermines governmentauthority."

Government & politics

"Bitcoin is an elaborate government psyop."

Government & politics

On the risk of governments banning Bitcoin

Bitcoin cannot be controlled

Government regulations often work contrary to their own stated goals

A world of freedoms versus a world of control

How the fiat system actually works

"Bitcoin is too complicated."

Technology

"Bitcoin is outdated technology."

Technology

"Bitcoin can be easily lost or stolen."

Technology

"Bitcoin can be easily copied."

Technology

"Bitcoin can be easily attacked or shut down."

Technology

© 2025 by Magnalia, Inc.

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