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Monetary

6

Tether FUD: Unbacked stable coins are used to pump bitcoin and manipulate price
Just 2% of people own 95% of bitcoin, it’s not equal and so unfair
Bitcoin is not backed by anything, it has no intrinsic value
Institutions buying bitcoin means it’s going to be captured by Wall Street and manipulated like silver and gold with paper derivatives
It’s a terrible currency or store of value, it’s too volatile
Bitcoin is just a bubble waiting to pop or a ponzi scam or a pyramid scheme

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Legality

2

Governments are going to ban bitcoin when they launch their CBDC
Bitcoin is only used for drugs, money laundering and by criminals

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Comical

2

Infinite Divisibility means there’s no scarcity
Bitcoin is for white people

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Practicality

3

It’s not safe and you can get hacked
It’s too easy to lose your keys
It’s a terrible currency or store of value, it’s too volatile

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Math

1

Infinite Divisibility means there’s no scarcity

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Technological

4

When all 21 million bitcoins are mined, its all over
China controls all the mining and so can control bitcoin
Quantum Computing will make bitcoin easy to crack
Bitcoin is old technology, it’s going to be replaced by something better

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Societal

2

Bitcoin is used to enrich white supremacists and the far-right
Bitcoin is environmentally unfriendly because it uses too much energy

Societal

Bitcoin is used to enrich white supremacists and the far-right
Bitcoin is environmentally unfriendly because it uses too much energy

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