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The State of Cryptocurrency: Challenges, Regulations, and How to Leverage this Tech ï¿½ Myth #1: Blockchain & Cryptocurrencies are the Same Thing. #1: Bitcoin is used only for speculation ï¿½ #2: Bitcoin wastes energy ï¿½ #3: Bitcoin is too volatile to be a store of value ï¿½ #4: Governments will. 1. Blockchain is Bitcoin and Bitcoin is Blockchain ï¿½ 2. Blockchains Are Costly and Inefficient ï¿½ 3. All Data Put on a Blockchain Is Public ï¿½ 4. You Need an.