One of the Major Reasons why some Government sees Bitcoin as a threat to their country is because people might use it as an opportunity against some other people who wanted to earn and make a living. Just recently in the Philippines a couple was arrested because of scam, they uses a pyramid scheme and baited people to invest via electronic money. It started when Bitcoin is at its hype, giving them the chance to use it as front.
For our safety and security, please read this article and be aware.
https://www.rappler.com/nation/199915-filipino-couple-amasses-millions-bitcoin-scamHope this could help everyone and let us be cautious. Earning money is not that easy as what other think of it. It requires patience, dedication, determination and focus to reach your goal.
That was an MLM pyramiding investment scheme with the unbelievable high return of investment that obviously destined to collapse. This kind of program used the popularity of Bitcoin and other cryptocurrencies in general and to lure more people to join. In the first few weeks they can manage to release payouts easily but after a month the problem starting to arise. You can expect a lot of alibis from the company. Started with the maintenance of the site and the payouts are always delayed. In spite of high risk involved, people still invest and cry when their investments are gone.
