By Kyle Torpey

Note: This piece is a partial response to Jason Bloomberg’s “Seven Lies Bitcoin Fans Tell Themselves (And Anyone Else Who Will Listen),” which was published on Forbes last month. If this piece does well, more pieces covering other arguments made by Bitcoin skeptics will be published.

Bitcoin’s amazing price rise in 2017 led to everyone and their mothers commenting on the topics of blockchain technology and cryptocurrencies over the past few months, which means there were plenty of skeptics around who wanted to tell everyone about how bitcoin is a fraud that has no underlying value at all.

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