2. Bitcoin is untraceable & Bitcoin is NOT untraceable.
When you make any transaction using bitcoin your identity is never used in any form whatsoever. Only your public identity is visible. But there is a but The blockchain is a ledger in a permanent form, this is transparent so if anyone knows your public address they could see the amount of bitcoins you hold and what transactions you have made. It is said this how the FBI found and captured the owner of Silk Road.
Bitcoin is mostly traceable because most people use it without caring about their identity being possibly exposed on the ledger. Being a transparent and public ledger, any little leak stays forever stored in an immutable record. When you make transactions through Bitcoin, you actually leave traces. One of them could be your IP address, which is sometimes more than enough for a bad actor to identify you or other addresses you own.When you make any transaction using bitcoin your identity is never used in any form whatsoever. Only your public identity is visible. But there is a but The blockchain is a ledger in a permanent form, this is transparent so if anyone knows your public address they could see the amount of bitcoins you hold and what transactions you have made. It is said this how the FBI found and captured the owner of Silk Road.
4. 21 million bitcoins there can never be more.
[/b]Bitcoins supply is, of course, finite, it has to end somewhere right?
Its true 21 million bitcoins is the limit, there can never ever be any more after that. Currently, around 16 million bitcoins have been mined and are being traded. It is predicted that the very last bitcoin will be mined around 2140. After that, there will be no new bitcoins that can be mined.
As a little update (the article seems to be a bit old), there currently are around 18.5M Bitcoins in existence - not 16M. I'd argue that the fact that 18.5M coins exist doesn't mean they're in circulation - in fact, a ton of these coins are dormant or lost.[/b]Bitcoins supply is, of course, finite, it has to end somewhere right?
Its true 21 million bitcoins is the limit, there can never ever be any more after that. Currently, around 16 million bitcoins have been mined and are being traded. It is predicted that the very last bitcoin will be mined around 2140. After that, there will be no new bitcoins that can be mined.
5. Bitcoin cannot be banned
I mean, theoretically, it can be. India did it and so did other countries. You can still use the network even if the government says you shouldn't, but you can also purchase drugs and guns illegally, can't you? Who'd risk having the FBI or some cops knock at their door for using BTC in an illegal country tho? 
14. Bitcoin transactions cost almost nothing
This has unfortunately changed and it's now a bit more expensive to use Bitcoin than some people could afford. This actually helps create Bitcoin a safe haven asset though, as it is quite costly to pay miner fees for everyday transactions - especially if you want them to be quickly confirmed.15. The sender/receiver details are hidden
Bitcoin addresses are a long string composed of 34 alphanumeric characters. Just by using this address its impossible to know whos the recipient. Thats one of the main reasons why Bitcoin is a preferred method of conducting illegal transactions. Most wallet programs also assign each user a portfolio ID, used as a username, to further protect the privacy of the senders/receivers.
Oh no, not again! I'd bet $100 on the fact that over half of those willing to scam people or commit crimes going for this "my details are hidden" principle mess up and actually leak significant details about themselves but either the victim didn't want the authorities to know they're using BTC or the scam was just way too low for the authorities to make a case out of it at all. We have usernames here as well, and that does not necessarily give us privacy from other members.Bitcoin addresses are a long string composed of 34 alphanumeric characters. Just by using this address its impossible to know whos the recipient. Thats one of the main reasons why Bitcoin is a preferred method of conducting illegal transactions. Most wallet programs also assign each user a portfolio ID, used as a username, to further protect the privacy of the senders/receivers.
While Bitcoin has undoubtedly disrupted the technology sector in recent years, its incredibly wasteful process needs to be improved.
Just imagine how much energy is wasted by most people at least twice a day to charge their smartphones only to double tap Instagram posts and watch porn all day long. Imagine how much waste the governments create by testing out underground or underwater nuclear bombs. If we're talking about energy waste and environmental damages, there are way more significant ones we could reconsider.Right now, there are over 2,500 cryptocurrencies in total.
Over 7,000 shitcoins on CoinMarketCap and counting. That's insane.