PONZI SCHEME?
Probably the biggest misconception about bitcoin is that it is a big Ponzi scheme.
The purpose of a Ponzi scheme is to (unjustly) enrich the creator of the Ponzi.
As the creator of bitcoin Satoshi Nakamoto has mined over a million bitcoins, but he or she has never sold a single bitcoin.
So how could it be a Ponzi scheme when the creator never even profited from it?
This is a common belief of illiterates and most times those who ventured into shitcoins and try to compare them with bitcoin are culprits. Furthermore, people's experiences can give them this belief about bitcoin and those experiences are owing to their greed, ignorance, or low security mindedness such as depositing into a scam investment site, connecting wallets to faucet claiming sites, even trusting their portfolio into the hands of armature traders who blew up their portfolio and so on. I believe when they come to the actual knowledge of bitcoin, they would appreciate it for what it really is.
ENVIRONMENTAL ATTACKS
The second dumbest argument I think are the environmental attacks against bitcoin.
Funny how the people who make these attacks never say anything about the environmental destruction of gold which is
a hundred times worse than bitcoin. Do these idiots really think gold mining is green and isn't incredibly destructive to the environment?
Unlike gold mining, bitcoin mining can be and often is powered entirely by wind, solar, nuclear, and/or hydro, etc.
Which are all considered more clean forms of energy. But you can't do that with gold mining.
Gold mining is similar to coal mining, both require the clearing and destruction of entire forests, farmland, lakes and rivers, water reservoirs,
wildlife habitats in order to mine the gold. Large amounts of mercury and other toxic chemicals are used to extract and purify the gold which of course
is very destructive to the physical environment. Mercury causes cancer and disease to humans, plants and animals.
Gold mining is often a cause of wars and violence from people fighting over the gold mines especially in Africa.
If the so-called environmentalists such as Greenpeace had half a brain maybe they would be advocating for bitcoin as a superior,
cleaner alternative to gold instead of talking out of their rear end about something they know nothing about.
Bitcoin mines are not innocent of environmental pollution, mining consume lots of electricity and as such mines are still powered from electricity generated from fossil fuels and these pose environmental hazards from air pollution. It might interest you that air pollution from bitcoin mines affects people around despite being located hundreds of miles away from human settlement.
If bitcoin mining can be achieved from totally renewable energy and limit its environmental pollution, I believe that would be a very significant milestone.