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  "txid": "361f6a5ac1767bf5760cb928b028a8f7d0a61cbe02b3654adf47f6172339b327",
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  "map_content": "A list of things many people believe to be true about bitcoin.\r\nEach statement on this list is false.\r\nHow many of these things did you believe to be true?\r\nWhich do you still believe to be true?\r\nEconomic\r\nBitcoin gets more expensive to use the bigger it scales\r\nBitcoin is a store of value\r\nTo confirm a transaction, miners need to be paid in the currency they are mining.\r\nHash rate can function as something else than demonstrating skin in the game (honest signal for competing miners)\r\nTransactions that contain other data than mere payments are spam\r\nMiners won\u2019t need an increasing portion of their revenue to come from transaction fees, as the coinbase reward (newly minted bitcoin per block) goes down over time.\r\nLayer two solutions are still Bitcoin (part of the economic layer securing the network)\r\nAdoption of layer two solutions does not lower the reliability of the network\r\nIt's too expensive to never reuse addresses\r\nSocial\r\nMicro-payments are spam\r\nProof of work is per definition bad for the environment\r\nBitcoin enables anonymity\r\nAnonymity is an end in itself\r\nDecentralisation is an end in itself\r\nBitcoin is censorship resistant\r\nBitcoin substitutes the role of banks\r\nIt's not necessary to use addresses only once to ensure privacy\r\nIt's not necessary to split outputs in random amounts to ensure privacy\r\nTechnical\r\nCodebase forks are the same as forks of the UTXO set.\r\nUTXO set forks create a new version of bitcoin.\r\nNon-mining nodes can confirm transactions and help secure the network.\r\nHash rate is the only function of network security\r\nHash rate is the only function of a miner\u2019s ability to add blocks to the longest chain\r\nBitcoin, its transactions or code, are encrypted\r\nBitcoin is not Turing complete (it does not support loops)\r\nUnspent transaction outputs (UTXOs) cannot be frozen\r\nUnspent transaction outputs (UTXOs) cannot be recovered\r\nData embedded in the bitcoin ledger will forever be accessible free of charge\r\nVirtual currency is untraceable.\r\nBitcoin can only function as a mesh network ( not as a small world network )\r\nBlockchain reorgs compromise everyone\u2019s funds\r\nA malicious attacker (miner) can double spend every bitcoin in existence during a reorg\r\nBlockchain reorgs are uncommon, and are never caused by honest miners\r\nCustomers (senders),cannot send transactions straight to merchants (receivers), they instead need to send it to miners (submit to the mem pool).\r\nA transaction needs to be confirmed by miners before a recipient has certainty that it cannot be double spent\r\nPrivacy is not economic, it is better attained through other ways than through building and using a firehose of transactions costly enough to prevent storing, inspecting every transaction and modelling every relationship.\r\nHistorical\r\nSatoshi was one person\r\nThe bitcoin white paper was first shared via the cypherpunk mailing list\r\nThe Bitcoin protocol did not have smart contract capabilities when it was first launched\r\nThe Bitcoin block size was always constrained to 1 Megabyte\r\nSatoshi posted on the bitcoin talk forum.\r\nThe original implementation of the bitcoin protocol was uploaded and managed via github\r\nBTC has never experienced a successful double spend attack\r\nLegal\r\nPossession of keys equals ownership of associated coins\r\nSanctions do not apply to virtual currency.\r\nCourts can or will not intervene when developers write code that allows users to commit crimes.\r\nContract law does not apply to Ricardian contracts, aka smart contracts (\u201dcode = law\u201d)\r\nA meeting of minds is not necessary for smart contracts to have legal force.\r\nAdoption of Bitcoin can solve political issues\r\nOpen source software is always free of liability for the developers\r\nOpen source software is copyright free",
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  "timestamp": "2025-10-12T18:59:12.000Z",
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