The degree to which accusations of fraud are flung around the Bitcoin world is disappointing. The price of this confusion will be felt acutely by few, but will impact far more through its delay of a transformative technology’s progress. Unfortunate as it may be, there is no doubt that fraud exists. Of course, scams of various sorts have been a constant feature of the early Bitcoin/blockchain industry, an industry that is very attractive to the “fast money” crowd. But, none of these are the fraud of the century.