I just watched a news about Bitcoin scam here in the Philippines a little while ago that aired on the national television. A couple scammed almost 1 Billion Php (19,260,000$) to 50 Filipinos by the use of pyramiding scheme. What will be the impact of this news to the Bitcoin investors in the Philippines? Will it decrease?
I think that it will have a big negative impact in the reputation of bitcoin in Philippines. Since it aired on the national television and almost all Filipinos can see it, some of the future investors will be frightened to invest in bitcoin. And that will decrease the potential bitcoin users worldwide.
http://cnnphilippines.com/news/2018/04/10/bitcoin-scam-pnp.htmlThere is an spectrum of opinions here in Philippines about cryptocurrency. Many still got that misconception of bitcoin and its "relation" to scams. There will always sort of people that takes the name of bitcoin for granted and ruin it. I wish this kind of scams will stop because it ruins the opportunity of cryptos to expand in this country. What can we all do is to make them understand what bitcoin really is and how far it is from a scam.