Learn more about common cryptocurrency myths and how to bust them.

1. DIGITAL ASSET EDITION
MYTHBUSTERS

2. HI
YOU MUST BE HERE BECAUSE YOU’RE THINKING
OF DOING SOMETHING REALLY COOL.
YOU’RE CONSIDERING JOINING KRAKEN, A
DIGITAL ASSET COMPANY.
THERE ARE A LOT OF MYTHS OUT THERE ABOUT
DIGITAL ASSETS. LET'S TACKLE THOSE HEAD ON.

4. MYTH
BITCOIN IS
MOSTLY
USED BY
CRIMINALS.
As with any useful technology, product or service — people
want to use it (including some people with bad intentions).
Let’s consider the Internet, credit cards or fiat currency. Do
criminals use these things? Yes. Are these things bad?
Absolutely not.
Most of the world is made up of good people with good
intentions. Bitcoin is used by mostly good people.
People think Bitcoin is anonymous, when in fact it’s the
opposite - all Bitcoin transactions are transparent for the
whole world to see.
More and more criminals are continuing to realize this fact.
We work closely with law enforcement, on a daily basis, to
catch criminals. We also teach our clients and team
members how to protect themselves from possible criminals.

5. Although virtual currencies are used for
illicit transactions, the volume is small
compared to the volume of illicit activity
through traditional financial services.
Jennifer Fowler, Deputy Assistant Secretary for the
Department of the Treasury’s Office of Terrorist Financing
and Financial Crimes (TFFC), in November 2017

7. MYTH
BITCOIN IS
A PONZI
SCHEME.
It’s only natural for people to fear what they don’t
understand.
With that said, let’s look at the facts.
A Ponzi scheme is a fraudulent investing scam promising
high rates of return with little risk to investors.
Bitcoin is NOT a Ponzi scheme because:
• New users that join the Bitcoin network don’t fund the
older users with new money
• The purpose of using bitcoin ISN’T to recruit new
participants
• NO centralized body that funnels money up to the top
• Bitcoin will still have value and continue to function even if
no new participants join the ecosystem

8.
Bitcoin is a remarkable cryptographic
achievement and the ability to create
something that is not duplicable in the
digital world has enormous value.
Eric Schmidt, former executive chairman and CEO of Google

9. MYTH
BITCOIN IS
A BUBBLE.
THE BUBBLE
IS GOING
TO POP.
Whenever things go up in value at a never-before-seen or
surprising rate, it’s inevitable that “it’s a bubble” accusations
will be sloppily thrown around. The truth is that no one knows
yet what bitcoin will become.
$100
$12
STOCK PRICE
THEN
STOCK PRICE
AS OF 10/2018
$1,909
$227

10. Bitcoin is exciting… Bitcoin is better than
currency in that you don’t have to be
physically in the same space and, of
course, for large transactions, currency can
get pretty inconvenient.
Bill Gates, founder of Microsoft

12. MYTH
BEING
INVOLVED
WITH
BITCOIN IS
RISKY.
Only 3% of all countries (Algeria, Bolivia, Ecuador,
Bangladesh, Macedonia and Nepal) have banned
cryptocurrency as a whole.
The vast majority of countries are studying bitcoin and
blockchain, to varying degrees, with the goal of identifying
how they can leverage these technologies and assets to
better serve their people.
Government bodies regularly come to us wanting our insight,
which we happily and warmly provide.
Since 2011, we’ve developed close partnerships with
regulatory bodies and government officials. We discourage,
minimize and prevent criminal behavior.
We respect healthy regulation and make it a priority to help
to evolve it so that our clients and team members are more
protected than they were the day before.

13.
[The Japanese trustee] said he picked
Kraken because of its proven operating
history, and because its system… has never
been breached by hackers.
Wall Street Journal in November 2014; acts as one
example of government and regulatory bodies working
successfully with Kraken

14. MYTH
YOU
SHOULD
“WAIT AND
SEE”
BEFORE
JOINING
THIS
INDUSTRY.
There isn’t a better time to be joining this industry.
Kraken is receiving thousands of messages from talented
people, from all industries and of all experience levels,
every day — all wanting to join this exciting company at a
pivotal time.
There are many really smart people who believe in the
long-term success of bitcoin and/or digital assets. The
question is — do you want to take the risk of being late to
the game?
BTW — WE GIVE GENEROUS
OPTIONS (BUT CAN’T FOREVER)

15.
I’ve worked as a recruiter for ‘hot’
companies for more than 10 years. I’ve
never seen so many talented people with
experienced backgrounds this eager and
determined to work at a company before.
Sarah Carter, Director of Recruiting of Kraken in June 2018

17. MYTH
I HAVE
KIDS AND
A WIFE OR
HUSBAND.
I NEED TO
PLAY IT
SAFE.
When you’re fulfilled, you’re going to be happier in your life
and a better friend, partner and parent.
Kraken team members who, after spending decades in the
traditional industries, say that this is the best job they’ve
ever had. They have the biggest smiles, every day. Life is
short. Do something that’s going to excite you every
morning. Don’t settle. Make an impact on this world.
Working at Kraken is a smart move and good investment.
Many Kraken team members have partners and children.
They’re proud of what they’re ensuring for the future of their
families. They’re collecting healthy salaries and watching
their options, as well as digital asset investments, grow in
value. They work at an established company that looks great
on paper, is highly profitable, is at the forefront of its field, is
expanding its product and offering, and has enough cash
reserves to thrive through even the driest of droughts.

18. I’ve never seen my husband
this happy before.
My wife can’t stop talking about Kraken
and her work!
Life partners of experienced members
of the Kraken mgmt team in early 2018

20. MYTH
IF THIS
COMPANY
IS HACKED,
IT’S ALL
OVER.
Nearly half of all enterprises were hacked between June
2017 and June 2018. This threat is one that ALL companies
face, yet few are doing all they can to prevent it.
At Kraken, we’ve built everything and continue to build
everything with security top-of-mind.
We don’t like to shout it from the rooftops, since we don’t
want to draw more attention to ourselves from eager
criminals, however, we’ve never been hacked. This is 100% a
testament to our relentless devotion to keeping our
exchange, as well as client funds, safe and secure.
In terms of Chief Technology and Security Officers, we have
the best. Just as others have done before us, we will come
back even stronger if there were to ever be a breach.

22. MYTH
BITCOIN
IS BAD
FOR THE
PLANET.
Ugh, this is another misconception.
Let’s get some perspective:
• Many financial-related activities consume significantly
more energy than Bitcoin mining, including gold mining
and fiat currency production.
• According to a report from December 2017, Bitcoin mining
consumes around 8.27 terawatt-hours per year, far less
than the 132 terawatt-hours consumed yearly by the gold
mining industry.
• Bitcoin demand could potentially boost the use of newer
and more efficient technologies, as well as greener
solutions with renewable energy. For example, Bitcoin
miners are turning more and more to solar and
hydroelectric power.

24. THERE’S A LOT OF FUD OUT THERE.
THANK YOU TO THESE WISE EXPERTS AND WRITERS
WHO EDUCATE THE PUBLIC ON THE TRUTH & BUST
MYTHS LIKE A BOSS.
SOME OF WHAT YOU’VE READ HERE WAS SOURCED
FROM OR INSPIRED BY THESE PUBLICATIONS. PLS
CHECK THEM OUT. KNOWLEDGE IS POWER.
CRYPTO HUSTLE
DECENTRALIZE TODAY
ADVISOR PERSPECTIVES

25. WELL, I HOPE THAT WAS HELPFUL!
YOU MAY HAVE FRIENDS OR FAMILY WHO ARE
CONCERNED WITH YOUR DECISION TO JOIN
THIS INDUSTRY OR THIS CATEGORY.
FEEL FREE TO WALK THEM THROUGH THIS DECK
AND LISTEN TO THEIR CONCERNS.

26. LET US KNOW IF YOU HAVE ANY QUESTIONS,
CONCERNS, OR IF YOU’D LIKE US TO TALK TO YOUR
FAMILY OR FRIENDS.
WE’RE HERE FOR YOU… AND HAPPY TO HELP :)

27. The people who rejected
the Internet as a curiosity for
scientists were on the wrong side of
history, the people who rejected digital
photography as really an artificial thing were on
the wrong side of history… So it seems to me that
the people who confidently reject all the
innovation here [in blockchain-
based payment and monetary
systems] are on the wrong
side of history.
Larry Summers, former Secretary
of the US Treasury