By Robert DeVoe
Bitcoin fans are apparently spouting off lies and falsehoods to anyone who would listen to them. That’s according to Jason Bloomberg, an author at Forbes. In an article titled “Seven Lies Bitcoin Fans Tell 
Themselves” Jason details seven items that he feels are commonly spread falsehoods. Unfortunately for Mr. Bloomberg, nearly every assertion he makes is demonstrably not true. Let’s go over them with simple and easily provable facts.
Bitcoin Is Not Like Other Forms of Currency
Mr. Bloomberg asserts that bitcoin is nothing like U.S. dollars or gold. While they may have some similarities, he believes that the differences are too great to justify such a comparison.
Let’s consider a few basic points. Can USD be used in exchange to buy things? Yes, of course. Can bitcoin be used in exchange to buy things? Yes, it can. The primary purpose of money is to communicate value. Bitcoin does this expertly and does not require any intermediaries or translations across borders. It cannot be seized, censored, or manipulated by governments.
Is bitcoin exactly like the U.S. dollar? No, it’s better. And that fact doesn’t make it any less of a currency.
Read the entire article at https://www.bitsonline.com/bitcoin-fans-liars-dupes/
