DISPELLING

FUD

(Fear, Uncertainty, Doubt)

Below are some common arguments against, or fears about, bitcoin.

These are largely unfounded, resulting from ignorance, or perhaps incomplete understanding.

I provide brief rebuttals to each here, and at the end you will find pointers to more in-depth resources rebutting all the FUD.

BITCOIN USES TOO MUCH ENERGY

If you need to heat your home, the heat generated by your computer won't go to waste... The energy used to heat your home is equivalent in cost to the energy generated by your computer.

~ Satoshi Nakamoto 2010-08-09

At first glance, it may seem wasteful to generate energy just to create a token. However, this energy-intensive token can facilitate continuous value transfers, as it can be used in transactions and made more energy-efficient. The energy used in transactions is recovered, making the initial energy investment a worthwhile investment.

~ Nick Szabo
Cypherpunk