Lead image by Rudolfo Spott

This will be the anchor article to break the myths this year 2022, 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 comments section.

Counterproductive Myths

• There is no real demand for large blocks.

• Lightning serves is as an excuse for Bitcoin (BTC) miserable failure to scale

• Proof of work is a waste of energy

• SmartBCH is slower than Ethereum

• Bigger blocks will inevitably lead to centralization

• Bitcoin is a waste of energy resources 

• Increasing blocksize will centralize Bitcoin, because people won't be able to run them on their Raspberry Pis.

• Anyone can make a new Bitcoin

• Bitcoin Cash is politically centralized

• BTC is more censorship resistant than Bitcoin Cash

• Blocks must be kept full to have a working "fee market" to secure the chain

• Cryptocurrencies are used for illegal activities

• IFP is the best fund option

• The small-block movement was supported by the majority of the Bitcoin community

• Lightning Network is ready for mass adoption

• 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

• Chivo wallet is better than Bitcoin.com wallet

• Segwit is needed for the Lightning Network

• Bitcoin can and will be shut down by governments

• Lightning Network can easily accommodate all people in the world in reasonable time while keeping blocks small

• Bitcoin has an official website

• Bitcoin is too volatile to use as a money

• Bitcoin can be hacked

• Flipstarter is a political tool

• BTC is more secure than BCH

• BCH was created in 2017

• Roger Ver defrauded http://bitcoin.com visitors by calling Bitcoin Cash “Bitcoin” and BTC “Bitcoin Core”

• BTC has a whitepaper

• BTC has value because it is a store of value

• Lightning is Bitcoin

• Flipstarter is just for Bitcoin Cash projects

• Bitcoin Cash has a reference implementation

• There is no one in control of BTC

• Bitcoin has no monetary authority

• There is no way how to evaluate the value of bitcoin, unlike evaluating company stocks

• There can be only one true Bitcoin, all others are fake

• Bitcoin Cash decentralization is a theater

• The Lightning Network evolved into a scaling solution outside the main Bitcoin network

• ...

Collaborating on the mythbusting contest

Everyone 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.

Each positive contributors may receive #BCHISCASH tokens which are intended as a reward token, and for dividends issued by anyone feeling generous toward the mythbusting effort.

So make sure you are able to obtain an SLP address for yourself! (https://bchn-wallet.fullstack.cash/)

Commenting is free on read.cash and everyone can do it, 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.

“If you don't believe it or don't get it, I don't have the time to try to convince you, sorry.” -Satoshi Nakamoto