Quote from: Kakmakr on March 09, 2023, 05:38:57 AM

I watch a popular breakfast show every morning and they always have a section where they talk about money matters. Yesterday, they talked about Crypto currencies and the guest mentioned several Ponzi schemes where Bitcoin was used as a payment option.

These Ponzi schemes collapsed and according to him ....many people lost money in Bitcoin. They have a WhatsApp group for the program and I immediately corrected that statement, because people did not lose money in Bitcoin.... they lost money in a Ponzi scheme that used Bitcoin as a payment option.

Now, this does not sound very important, but it actually are one of the most critical things that needs to be addressed. We should counter all of these misinformed people, with education on what Bitcoin is, because they lose money on Ponzi schemes and then they blame it on Bitcoin.

I can agree with you mate in every aspect because as we all know that Bitcoin is much more decentralized and there are no any kind restrictions to it and thus same way it is used by the Illegal people for money laundering, ponzi schemes and also other such big scams and thus it's not good for the normal people.
From 2009 to till now Bitcoin has seen many big frauds and also billions of dollars of scams in every aspect where people have lost too much money and that's why control your money by your own and that's the only to save your Money too and I am always careful too.