Post
Topic
Board Bitcoin Discussion
Re: What is the fate of Scammers if bitcoin later becomes a traceable Currency.
by
Bitcoincc
on 25/12/2019, 21:54:33 UTC
Bitcoin as a currency that is decentralized, they is no Headquarters for Bitcoin and it has no Central office where they distribute information concerning Bitcoin, Like illicit transactions that money was lost but recovered after some investigations through the distributed information.

like someone said on my previous thread that more people will be comfortable using bitcoin if these features comes into place.

Share your thoughts.

Although, bitcoin transactions can not be reversed or refunded back. But, bitcoin transactions can be tracked or traced. You can even traced the address you sent bitcoin. Still, scam scheme never ceased, Scam schemes ranging from clicking of fake links sent to you through emails to ghost or fake exchanges. The best to do is to know the ways they are scamming so that we would not be their victims. One of the things that could reduce scam is KYC but all these can only reduce it but can not end it.