Here is my list in order of how often I hear them:
- Bitcoin is a bubble or a fad
- The government will shut it down
- Bitcoin is too volatile to be an actual currency
- Bitcoin is for criminals
- What happens if the internet goes down/EMP?
- Bitcoin is backed by nothing
- I’ve heard of “Bitcoin hacks”, so Bitcoin will get hacked and is unsafe.
- Bitcoin can be copied (altcoins). What stops Bitcoin 2.0 from winning?
- Bitcoin is going to ruin the environment
- Bitcoin won’t scale up to support all global transactions
- Deflation is bad
- Developers will put a bug into the protocol
- Miners will abandon Bitcoin when the miner subsidy runs out
Please suggest more. I want to get a solid crowd-sourced list.
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