not just in the Philippines.
but still many other countries like that , education about cryptocurrency should be extended to the general public.
I had been a victim of that sort of thing before , but it makes me a valuable lesson to better understand cryptocurrency.
Yeah, a lot of countries have been plagued by the activities of scammers who are looking for gullible, naïve and greedy investors who are looking for ways to quickly get rich. By now, I believe that every sane person should have known that as long as it is ponzi, it will only pay those in the top chain and things like this should be discarded.
Since people will never stop getting greedy, these set of scammers already know they will always have the greedy ones to just fall. Because of a lot of people are getting greedy and looking for quick ways to make money in areas they should know better that does not even make sense to do so.
If life is that way, we would have all been extremely rich and everyone would have had equal opportunity to just keep getting rich. However, while some are smart to know that when somethings are too good to be true, it should be considered as such and people should stay away, but no matter what you tell them, they still always end up falling anyway.