This will be the anchor article to break the myths this year 2020, there are some myths about how Bitcoin cannot scale or cannot otherwise work as Satoshi intended.
These myths were successfully used to stall the scaling and adoption of Bitcoin, until Bitcoin Cash present days.(well, came about through the blood, forks, drama and tears of a lot of the early adopters and proponents of free tax on-chain scaling).
I will be updating the list of myths as this progresses, based on the community's feedback in comment.
Counterproductive Myths
Bitcoin is not backed by anything
Cryptocurrencies are used for illegal activities
Bigger blocks will inevitably lead to centralization
IFP is the best fund option
Anyone can make a new Bitcoin
The small-block movement was supported by the majority of the Bitcoin community
Immutability should be highest priority
Bitcoin must first become a Store of Value before becoming a Means of Exchange
Blocks need to be kept small to keep the system decentralized
You can not buy anything with Bitcoin
There is no real demand for large blocks.
Segwit is needed for the Lightning Network
Bitcoin can and will be shut down by goverments
Lightning Network can easily accommodate all people in the world in reasonable time while keeping blocks small
Blocks must be kept full to have a working "fee market" to secure the chain
Bitcoin is too volatile to use as a money
Bitcoin can be hacked
Flipstarter is a political tool
Bitcoin has an official website
Bitcoin Cash has a reference implementation
Bitcoin is a store of value
...
Collaborating on the mythbusting
You can help by adding myths you can think of which I haven't mentioned yet, there is a lot of Myths to debunk in cryptocurrencies ecosystem.
Positive contributors may receive #MYTHHUNTER tokens which are intended as a reward token, and for dividends issued by anyone feeling generous toward the mythbusting effort (using a tool like https://tools.bitcoin.com/slp-dividend-calculator/ ).
So make sure you are able to obtain an SLP address for yourself! (get the Bitcoin.com Wallet, Crescent Cash wallet or Electron Cash SLP edition, all of which support SLP tokens)
Commenting is free on read.cash, and good contributions will be rewarded by myself here, as I see this myth-busting article series as a collaborative writing project to which we (BCH community) can all contribute.
There is no wealth like knowledge, and no poverty like ignorance. -Ali ibn Abi
I don't think its fair sending his Mythhunter tokens to himself to gain 20,000 Mythhunter tokens
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