How do you address the myriad erroneous arguments against Bitcoin? A former Google product manager makes some clear and accurate points that will help turn the BTC-curious into the BTC-engaged. (via CointelegraphZN)
By now, you’ve probably heard of Bitcoin. You may have heard that it has made some people rich.
The messaging is confused and confusing, which is partly because no one person controls it — just like Bitcoin, which belongs to… well, all of us. I’m not advocating for Bitcoin as an investment, although I do think it’s worth owning a little. I’m just trying to set the record straight on a few misconceptions and help newcomers to the Bitcoin community get up to speed quickly with a few key concepts. Hopefully, if you’re reading this with an open mind, you’ll realize quickly that there’s much more to Bitcoin than its price.Let’s start by getting a few things out of the way: Cryptocurrency is a dangerous, often ugly place.
An interesting thing about Bitcoin is that almost no one believes in it right away. Bitcoin’s design is so ugly and counterintuitive that almost everyone rejects it as impossible at first. There were around three years between when I first heard about Bitcoin and when I finally started to seriously investigate it. I studied game theory and mechanism design in grad school, so I knew exactly why Bitcoin couldn’t work. I just couldn’t figure out why it was still around.
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