Here in the Philippines, there's a rise in ponzi scams by using bitcoin to attract potential victims and it gives bitcoin a bad reputation. Many people are easily fooled by this scams because they are promised of a big return of investment when they invest on some people. I REPEAT, not on bitcoin BUT ON PEOPLE. Here a sample link:
#From GMA News Site (Legit News Agency in the Philippines)
Ponzy has been around for a long time on the internet. I think Ponzy made people mistake with Bitcoin. As far as I can see, Recently some Ponzy sites have added a new form of payment and that is Bitcoin. So many people think that Bitcoin is Ponzy