Quote from: Wakate on Today at 08:12:46 PM

Quote from: Betwrong on Today at 07:56:06 AM

Quote from: Troytech on April 05, 2024, 06:02:34 PM

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If more people realise that decentralized systems isn't like a banking or centralized system were you can go and report a transaction and they seize the persons money or track the person( although its possible if they are not smart enough) then you would be more careful when doing deals here.

Absolutely. Bitcoin transaction cannot be undone. I would like to draw attention to the virus that has caused a lot of losses recently. It infects you computer and does nothing except it waits until you make a transaction and it changes the address you just copied to another one. Please, guys, double check what you are pasting.

Hackers are now using sophisticated ways to steal money for users than fall to their trap. Decentralized way of transaction is quite good but it also has it own disadvantage just like many people keeps complaining about KYC on a Centralized platforms. If this kind of attack happens on a Centralized platforms, the matter can be handled any the address can be flagged by the AML bot which is going to be tag and if the fund eventually enters any exchange, the fund would be held by the team for further investigation. All we have to be doing is to make sure that we are at alert taking decisions that would prevent us from losing our funds.

Perhaps, they are smart but we can just be innocent on how to protect ourselves from them. If we just keep in mind that there is no easy money in here as this is the usual tactic they offer, we never fall into their tricks. Unfortunately, most of us have changed when it comes to money and easily forget those scam stories shared until we get scammed and realize it. Most of us don't do further research about the project but instead, invest instantly because of the of high ROI promises. Yes, if we blame these scammers, we also blame ourselves for being too greedy as we fail to know their real scam intention.