⭐ Merited by DdmrDdmr (1)
Minutes before you opened this topic:
Regulation has nothing to do, scams were happening with fiat, ponzi schmes are a hundred years old, the things is not about the laws.
Most of the people that are coming to bitcoin are here for gains, they've heard stories about making x10 x100 profits so for the most of them an obvious ponzi scheme seems legit because they know from a trustable source that indeed it is possible to make profits in short time with cryptos. So they fall for all the tricks out there.
The other problem lies with the easy way scammers can get away, transactions are irreversible, there is no way of freezing those accounts, most victims won't press charges for 100-200$ because they know it will cost them 10x more to even take to court someone that resides across the globe and there you have it. The perfect combination.
BTC Help me. I have purchased mining software that doubles my bitcoins as Bitcoin Core on my Computer.
Is it because cryptocurrencies are not regulated the way it suppose to be or this is just how the world is?.
Regulation has nothing to do, scams were happening with fiat, ponzi schmes are a hundred years old, the things is not about the laws.
Most of the people that are coming to bitcoin are here for gains, they've heard stories about making x10 x100 profits so for the most of them an obvious ponzi scheme seems legit because they know from a trustable source that indeed it is possible to make profits in short time with cryptos. So they fall for all the tricks out there.
The other problem lies with the easy way scammers can get away, transactions are irreversible, there is no way of freezing those accounts, most victims won't press charges for 100-200$ because they know it will cost them 10x more to even take to court someone that resides across the globe and there you have it. The perfect combination.