Your Criticism of Bitcoin is Valid — and Irrelevant

Mark Helfman
4 min readOct 8, 2020
Thumbs down for bitcoin. Licensed from Polack.

Ponzi, fraud, and rat poison squared.

Those are three terms you may have heard people use when talking about bitcoin.

If you’re in that camp, you‘re in good company. Pretty much everybody hates bitcoin.

Guess what?

Bitcoin will succeed anyway.

Yes, your arguments start with facts, but facts do not always tell the truth. Perspective is important, too.

Read below for some statements that don’t matter. Believe them at your own risk.

Bitcoin sucks because . . .

Let’s run down a few reasons people hate bitcoin.

You can’t use it without electricity.

Can’t fool you, smarty pants!

Do you know what else you can’t use without electricity?

Almost everything.

When people tell you about the iPhone 12, that new power drill, or Dyson’s latest creation, you never tell them “yea, but that needs electricity to work.” Your bank doesn’t work without electricity, either. Neither does a cash register.

Did you know you need electricity to use the internet?

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Mark Helfman

Sharing insights about bitcoin, altcoins, blockchain so you can make the most of the cryptocurrency market. Newsletter: https://cryptoiseasy.beehiiv.com/