RATE Group | Scammed out of Bitcoin? Here’s why it’s your own fault
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Scammed out of Bitcoin? Here’s why it’s your own fault

Scammed out of Bitcoin? Here’s why it’s your own fault

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Despite being a system/network that has never been hacked or compromised, Bitcoin is surrounded by scammers, opportunists and hypocrites.

Remember spam? While it’s not common these days, rewind a few years ago and every Nigerian Prince was offering you their $1 million inheritance in exchange for a few minor identity details.

While email technology has matured enough to filter through most of the junk, the rest of the digital world is still catching up.

The internet was in the same boat. If you’d asked anyone if they imagined doing their banking or shopping online 15 years ago, they would have laughed. How could anything like that be considered safe?

But the technology matured, and here we are today.

Any sufficiently advanced technology is first adopted by those who know they can gain (whether ethically or illegally), and those with an information asymmetry, (ie; I know something you don’t know), have been able to make money honestly, or simply swindle people from their hard-earned…

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