Criticisms

There is a lot of criticism of Bitcoin -- a lot -- especially from journalists and so-called experts, and yet despite this abundance of criticism, it seems impossible to find critics that understand Bitcoin, let alone demonstrate their understanding.

In practice, if the critics were right, Bitcoin should have been dead years ago. In fact, it has been declared dead, many, many times. And yet despite this, the quality of the criticism hasn't improved even as Bitcoin has succeeded. The criticism has become incessant noise with very little signal.

There is no informed criticism. The more one learns about Bitcoin, the more one supports Bitcoin.

This of course suggests that the critics are ill-informed, lazy, and intellectually dishonest (being so unabashedly uninterested in the pursuit of truth). It would even suggest that most of the media functions as propaganda defending the status quo, and accepting without question the dictates of power.

However, this also presents a significant weakness of Bitcoin. Lack of competent criticism poses a serious risk, especially for something as important as money, including the separation of money and state.

The biggest risk to Bitcoin is its lack of competent crítics.

E.g., what if Bitcoin proves to be dangerous, leading to a dystopian future, how would you stop it? Could you stop it?

And interestingly, for Bitcoin to succeed it needs to be unstoppable. The powers against it are great. So the question,

"is Bitcoin true?"

This question can better be asked,

is Bitcoin sufficiently true that its dominance is inevitable, and is this a good thing?

This alone suggests a better critique than any of the tired tropes found in otherwise reputable media outlets -- Bitcoin cannot be just "the best sound money", it must be ungovernable, completely unstoppable by any centralizing power. With that in mind, and in order to provide better criticism, potentially even constructive criticism, we will steel-man the common critiques as well as explore reasonable and valid criticisms of Bitcoin. And in all cases we will tackle the strongest version of each argument, completely avoiding the ill-informed noise you find amidst most Bitcoin critics.