Did You Know?

Short, shareable reads on Bitcoin: one surprising fact, clearly explained.

Each article pairs with a full deep-dive in the Bitcoin Myths series.

Bitcoin Myths · #1 of 20
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Bitcoin runs on less energy than the global banking system.
Myths #1 · Energy
Bitcoin Uses Less Energy Than the Global Banking System
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Bitcoin Myths · #2 of 20
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Bitcoin’s volatility has fallen every single market cycle since 2011.
Myths #2 · Volatility
Bitcoin’s Volatility Has Fallen Every Market Cycle
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Bitcoin Myths · #3 of 20
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Less than 0.15% of Bitcoin transactions are linked to crime.
Myths #3 · Crime
Only 0.15% of Bitcoin Transactions Are Linked to Crime
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Bitcoin Myths · #4 of 20
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Bitcoin has crashed four times by more than 75%. It reached new all-time highs after every single one.
Myths #4 · Bubbles
Did You Know? Bitcoin Crash Recovery
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Bitcoin Myths · #5 of 20
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China banned 65% of global mining in 2021. The Bitcoin network kept running without interruption.
Myths #5 · Government Ban
Did You Know? No Government Has Banned Bitcoin
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Bitcoin Myths · #6 of 20
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One bitcoin splits into 100 million pieces. You can start with whatever you have.
Myths #6 · Getting Started
You Don’t Have to Buy a Whole Bitcoin
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Bitcoin Myths · #7 of 20
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The ledger is digital. The infrastructure is not.
Myths #7 · Technology
Bitcoin Runs on Physical Machines in 181 Countries
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Bitcoin Myths · #8 of 20
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Altcoins and Bitcoin are not competing. They do completely different jobs.
Myths #8 · Altcoins
Altcoins and Bitcoin Aren’t Even Competing for the Same Job
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Bitcoin Myths · #9 of 20
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Real estate got expensive because money got worse, not because property created value.
Myths #9 · Economics
Real Estate Got Its Value from Broken Money
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Bitcoin Myths · #10 of 20
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Bitcoin lives on the blockchain, replicated across 20,000+ nodes. Your wallet holds the key, not the coins.
Myths #10 · Custody & Keys
Your Bitcoin Is Not Actually in Your Wallet
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Bitcoin Myths · #11 of 20
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If the exchange holds your bitcoin, you hold a promise, not bitcoin. Mt. Gox and FTX proved the difference.
Myths #11 · Exchange Risk
Your Bitcoin on an Exchange Is Not Actually Yours
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Bitcoin Myths · #12 of 20
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Bitcoin has no administrator and no reset button. Changing its rules requires voluntary agreement from tens of thousands of independent nodes.
Myths #12 · Redistribution & Reset
Bitcoin Has No Reset Button, and No One Can Create One
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Bitcoin Myths · #13 of 20
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Gold pioneered sound money over 5,000 years. Bitcoin inherited those properties and removed the one vulnerability gold never solved: physical seizure by the state.
Myths #13 · Gold vs Bitcoin
Bitcoin Inherited Gold’s Monetary Logic — and Removed Its Biggest Weakness
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Bitcoin Myths · #14 of 20
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The test critics use to call Bitcoin worthless also eliminates gold and the U.S. dollar by the same standard.
Myths #14 · Intrinsic Value
Did You Know? Bitcoin Intrinsic Value Uses the Wrong Tool
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Bitcoin Myths · #15 of 20
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Bitcoin has crashed more than 75% four times. It reached a new all-time high after every single one. Actual bubbles do not do that.
Myths #15 · Greater Fool
Did You Know? Bitcoin Has Recovered From Every Major Crash
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Bitcoin Myths · #16 of 20
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A pool can mine 80% of blocks and still cannot change a single Bitcoin rule. Nodes reject any block that breaks them.
Myths #16 · Miners & Nodes
Miners Don’t Control Bitcoin — Nodes Decide the Rules
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Bitcoin Myths · #17 of 20
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A pyramid scheme funnels money up to someone at the top. Bitcoin has no top, no operator, and no one collecting from anyone.
Myths #17 · Pyramid Scheme
A Pyramid Scheme Needs a Boss. Bitcoin Has None.
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Bitcoin Myths · #18 of 20
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People across Africa send Bitcoin on basic feature phones with no internet on the device. The hard part was never yours to solve.
Myths #18 · Ease of Use
Bitcoin Runs on Feature Phones with No Internet
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Bitcoin Myths · #19 of 20
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365 million people own Bitcoin. Its heaviest users are in economies where money is failing, not in your checkout line.
Myths #19 · Adoption
Bitcoin’s Busiest Checkouts Are Not Where You Think
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Bitcoin Myths · #20 of 20
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Bitcoin’s network has never priced anything in dollars. Every fee, reward, and Lightning payment runs on satoshis.
Myths #20 · Unit of Account
Bitcoin Has Never Priced Anything in Dollars
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