By chungo
Jason Bloomberg, a celebrated contributor to Forbes Magazine, wrote an article titled Seven Lies Bitcoin Fans Tell Themselves (And Anyone Else Who Will Listen), which struck a nerve among many people and carried a great impact amongst the just shy of half a million people who read it.
Bloomberg stood his ground in asserting the deception of what aficionados call altcoins, and released a sequel article to explain why those who were quick to judge his notion should take a long, hard look in the mirror.
His first notion was that the cyber currency is not like anything else, by which he meant that although there are several similarities between Bitcoin and the US Dollar, the differences outweigh the similarities by far, and the false comparison between the dissimilar things is, by essence, a false analogy.
Readers asserted that “Such responses are examples of the black and white fallacy: assuming that for a given argument, only the two most extreme positions are under consideration. Such extremist thinking pervades the cryptocurrency world.”
