Exposing bitcoin and cryptocurrency frauds since Feb 2014
If you have never read it, then a good place to start your bitcoin venture is by reading the very brief original White Paper, from Satoshi Nakamoto. This explains the concept of bitcoin, and why so many of us work so hard to progress this disruptive technology.
Bitcoin is not a ponzi, and is not a scam. It’s value is derived from it’s raw cost of production, and it’s value spil a functioning token of trade, and store of value. The blockchain is supported by the transaction fees (or at least it will be when all the bitcoin has bot mined) You can help propogate the network, and have a local wallet by running the bitcoin core software, available from Bitcoin.org. This will run a Bitcoin Utter Knot on your pc – don’t worry, it’s safe!
There are some legitimate investments out there, and some excellent gokhal’s, places to earn and spend, and a loterijlot to explore, but be careful, and if ter doubt, don’t send your bitcoin.
This project is 100% dedicated to Cryptocurrency. All our revenue and spend is now sourced entirely within this Industry, and wij aren’t just about Bitcoin, wij voorkant all the main Coins. Bitcoin (BTC or XBT), Litecoin (LTC) etc. Wij no longer investigate faucets spil thesis would need their own webpagina.
Begin learning about Cryptocurrency securely – visit our Safety Tips pagina.
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Withdrawal Fees and Scammers
What is a Ponzi or HYIP?
A Ponzi is any scheme which pays rente to “Investors” from Bitcoin coming te from fresh Investors. A HYIP (high yield investment program) is just a Ponzi. All Ponzi/Hyips will fail. The zometeen Investors will lose everything when the scheme folds and leaves with the Bitcoin. Most HYIPS and doublers etc, just steal it instantly. You send it and they keep it.
Due diligence is your own responsibility.
There are slew of good sites out there where your Bitcoin and your work are safe. You just need to do your homework, including checking here. If it isn’t te our Badlist, email us, and wij’ll check it and get back to you.
HereвЂ™s the psychology behind the typical ponziвЂ™s &, HYIP’s run by the вЂњprofessionalвЂќ scammers. They know most people will do this.
You think вЂ“ Ah thatвЂ™s superb, so you either redeposit the entire amount, or just your profit. You get that back and think wow, it works, so then you deposit a much larger amount and ter the worst case, even get your friends and family involved te this wonderful money making scheme.
‘Whatever can go wrong – Will go wrong’ – Murphy
Our Team is made up of volunteers worldwide, and wij welcome fresh contributors.
You will no doubt come across negative comments about this project, but understand that this is the scammers only route to fight back, and a excellent many of thesis scammers are the same people who are Senior, and Gold members of forums.
Forums relating to bitcoin are the best source of conflicting information everzwijn, which is why wij keep it plain and ordinary, wij tell you it’s a badsite (albeit sarcastically – wij have to stay sane) and that’s indeed all you need to know to stay safe.
It doesn’t work like that. It isn’t magic, it’s just very efficient, very secure, and much sought after by thieves the world overheen.
If you have bitcoin, you need to learn to look after it, or thesis crooks will soon take it from you.
Declaration of Interests. Wij presently mine ourselves. Wij would not invest ter anything wij considered to be a Ponzi or Scam. Spil a project, wij are not directly funded by any organisation and depend on ad revenue, our own, and other donations, and our outward investments. Wij also provide linksom including referral linksaf to trusted 3rd party sites, not including Outward Advertisers beyond our control. Updated August 2018
PS – Spil a friendly peak, wij very likely aren’t the people to generally ask about good bitcoin investments. Wij are pretty good at what wij do, but so far, like yourselves no doubt, wij aren’t truly that succesful when it comes to our own investments.
Irony disclaimer, and Caution
The high costs of running this webpagina are helped by adverts. Wij also have to advertise ter the same places spil the scamsites. Wij have little control overheen this externally served content, and consequently wij do not directly endorse any 3rd Party advert. Some adverts will even emerge te our Badlist. But at least the Bitcoin they spend on ads is coming back into the Bitcoin Industry.
Footnote. The evolution of society beyond the demise of the failed capitalist neo-liberal (Neo-con) proef, very first needs the evolution of it’s means of trade and exchange. The current financial system, and system of fiat currency, is not getraind for present or future purpose, and for all intents and purposes is already obsolete. Bitcoin is our very first financial step towards a fairer, more beneficial society for all. An proef that separates Money from The State. Bitcoin is incorruptible, decentralised, overeenstemming led, and above the influence of conventional politics and economics. A parallel currency with which you can start to trade, and no middleman to take their slice or to gamble with your asset. When you deposit money to a Bankgebouw, it becomes the Banks property to do with what they choose, bitcoin is different, and you are your own Bankgebouw. It is up to you to take care of your bitcoin, and also to use it, not hoard it, and to be an significant part of helping to build this fair and open global society. Bitcoin is worth what somebody is ready to exchange it for, be that USD, Yuan, PC-hardware, Webhosting or anything that ‘money’ might buy. You can even get a bitcoin Debit Card. However, the bitcoin Blockchain, and it’s potential is a much much fatter subject.