Bitcoin Has Never Been A Scam.

[wahyuagung26]

Developed countries are happy to have things like these because they think about their peoples and better things for improving their life, which is not favorable in our third world.

Most of the developed countries provide perfect permission to maintain Bitcoin, so that some of them can interact with Bitcoin very profitably, and this is good for them and also certain countries, we have a unique insight into Bitcoin for the community for these countries. those countries and this really helps them with those Bitcoins.

[Cookdata]

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable  and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

Only ignorance person would think Bitcoin as a scam but I don't blame people that accept all these false narrative about Bitcoin, the society and the government has programmed their mind to believe their own conventional markets where you use fiats for the rest of their life but the smart ones always have a way they do broke out of the system to embrace Bitcoin, if only the government can actually allow Bitcoin to be thought voluntary, all these false narrative will die under a year and more people would love Bitcoin even more but government doesn't want that to happen.

Bitcoin has evolved from dark stages to mainstream with institutional investors flocking around to have 1 btc to their vaults yet some people is somewhere calling Bitcoin a scam, only a person that is still in the 80s that has not heard anything about industrialization would behave like that, Bitcoin is here to stay and wouldn't back down again.

[Aanuoluwatofunmi]

The blockchain is the most stable, secure, and transparent ledger in existence. It’s the scumbag thieves who interact with it who are the scams and frauds.

The fraud that is existing with the use of fiat financial system is more severe than that of the one found in bitcoin, yet they have nothing to do about the way people loot finances in local currencies but have to concentrate on bitcoin, scam is what we should understand to be everywhere, because people can engage the use of any illegal means to make sure they acquire financial wealth, but with the use of bitcoin and the open distributed ledger, bitcoin should be seen as a more trusted digital currency.

[Solosanz]

Even there are many scams related to Bitcoin, but Bitcoin isn't the one who cause it. All the scams caused by the scammers itself, it could the person, the exchange or the project.

Too bad that many medias always mention "Bitcoin" when they create an article about scam, but when the scammer use US Dollar, the medias only mention the amount or didn't at all. This is the reason why many Average Joe have a thought Bitcoin is used by criminal, fraudster etc.

[Marvell1]

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable  and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

Only ignorance person would think Bitcoin as a scam but I don't blame people that accept all these false narrative about Bitcoin, the society and the government has programmed their mind to believe their own conventional markets where you use fiats for the rest of their life but the smart ones always have a way they do broke out of the system to embrace Bitcoin, if only the government can actually allow Bitcoin to be thought voluntary, all these false narrative will die under a year and more people would love Bitcoin even more but government doesn't want that to happen.

Bitcoin has evolved from dark stages to mainstream with institutional investors flocking around to have 1 btc to their vaults yet some people is somewhere calling Bitcoin a scam, only a person that is still in the 80s that has not heard anything about industrialization would behave like that, Bitcoin is here to stay and wouldn't back down again.

Ignorance and unwillingness to learn new things are the main reasons why many people still mistakenly believe bitcoin is a scam, not necessarily all because of the government. Because if governments are still hostile to bitcoin, still want people to stay away from bitcoin, then we won't see bitcoin ETFs approved or more governments making it legal.

In my country, bitcoin is not yet legal but it is not banned, we can still freely use it according to our preferences. But many people around me still think that bitcoin is a scam, that's because they hear scam stories from ponzi projects that use bitcoin as a payment method. If they take the time to learn, they will realize that the creators of those projects are all scammers, bitcoin itself is just one of many assets that they use to commit fraud. IMO, ignorance is the leading cause of these misunderstandings.

[seoincorporation]

(2) Many companies around the world have started accepting Bitcoin as a form of payment. Some companies like Microsoft, , Shopify, and Tesla and some many of them. These companies allow customers to use Bitcoin to purchase goods and services, improving the growth and acceptance of cryptocurrency in the business world.

Tesla does not accept Bitcoin until miners work with clean energy...

Source: https://www.aol.com/elon-musk-says-tesla-accept-102039504.html "Elon Musk says Tesla will accept Bitcoin payments again once miners use 50% clean energy"

Shopify accepts Bitcoin but not as an internal service, they use a third party for that purpose, one of them is Strike and other one is Crypto dot com.

(4)..Some countries like United  State, Canada, Japan and some European countries uses Bitcoin as a mode of payment.

Thos countries don't see bitcoin as money, they see it as a digital asset, and the problem with that comes when we talk about taxes, a good example of a country that see Bitcoin as money is El Salvador.

[bettercrypto]

From the very beginning of Bitcoin, it has become transparent to everyone, and Bitcoin has not hidden anything; in fact, for more than a decade, we will still see those who started transactions in Bitcoin via the blockchain network that it has until now.

And apart from that, it also saw potential in its other features, which is that it has a decentralized-based system that no one can control, and Bitcoin has upheld that, where even if you are the strongest country, it can't be controlled, and Bitcoin really proved that, so it's not really a scam, but bitcoin is just used as a tool to scam people, so it's different from being a scammer, because if someone is scammed, it means there is a scammer and is not human instead, digital currency.

[AnonBitCoiner]

well said, I'm not sure if until now others still think of bitcoin as a scam, but now more people are interested in trading and investing in crypto, especially since bitcoin has proven its financial stability in the past years, Maybe it's better to educate others when it comes to this matter because there are a few people who thinks negative when they hear the word bitcoin, because the word scam, pyramid scheme, deepweb and other illegal things related to money are attached to it and investment.

Bitcoin is not a scam but those who failed to get profit from Bitcoin will definitely hide their fault and will put all blame on Bitcoin. Actually they are the one who does not possess the ability to accept their fault and are not trying to stop making the same mistakes again.

It is human nature that if they get profit from anything then they often admire that thing even if it is a scam but if they fail to make money from anything then according to their thoughts that thing is a scam. We can just give advice and suggestions to others but cannot change their mind as thoughts of everyone is different from one another.

[dezoel]

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable  and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

I am not sure that what country you are talking about, the legal rights of the currency are still a question in many of them. Some countries have legalized it, some have regulations for it, and some are still confused, there are no specific laws regarding cryptocurrencies in most countries even though people from there are still involved because Bitcoin has almost reached every corner of the world by now, almost.

People or organizations or governments that don't have any knowledge about Bitcoin might think it can be a scam because they don't know what it is and how it operates. I don't see how a system running by itself not having any central authority or person involved can be a scam, especially when it has been around for so long.

[bSpend]

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable  and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

The transparency of bitcoin and the bitcoin blockchain does not reduce the risk of fraud in its system, it completely eradicate such risk, in a manner that every transaction is recorded, verifiable at any time and any year, as no man or system controls the happenings in the bitcoin blockchain, and as such, no transaction is ever, or will be ever deleted from the blockchain as soon as it is registered and verified.

So, by this, I believe we can say with confidence ; that Bitcoin is the most trustless financial instrument in the world.

[Mate2237]

Developed countries are happy to have things like these because they think about their peoples and better things for improving their life, which is not favorable in our third world.

Most of the developed countries provide perfect permission to maintain Bitcoin, so that some of them can interact with Bitcoin very profitably, and this is good for them and also certain countries, we have a unique insight into Bitcoin for the community for these countries. those countries and this really helps them with those Bitcoins.

The developed countries are also fighting against bitcoin very serious. And everyone see bitcoin from different way. Bitcoin is very much legit in the cryptocurrency community and not foe countries. If bitcoin was legit foe them they wouldn't fight against the digital currency but make some regulations to so that cryptocurrency centralized exchanges will obey their policies and operate in the country to facilitate trading and transaction buy opposite is the case. My country has blocked almost all the cryptocurrency p2p companies.

And I don't know why? And if they know that cryptocurrency is a legitimate digital currency then they would have supported it with currencies so that things can develop fast but they against it

[Ojima-ojo]

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

There is no gain I debating the obvious fact that Bitcoin is designed not to be a tool in the hands of a scammer or the bad actors on the internet, who misuse Bitcoin just to fulfill they evil act of taking what belongs to others under false pretends.


Much more also Bitcoin stand out to be verified in all it transactions, but the ability to trace because of Bitcoin high privacy made it seems to become a constant tool in the hand of scammers, but what we should take note of is the fact that anyone that have the basic knowledge and background understanding of the security that comes along with they Bitcoin should know how to protect their coins from getting into the hands of scammers.

[Raflesia]

In my country, bitcoin is not yet legal but it is not banned, we can still freely use it according to our preferences. But many people around me still think that bitcoin is a scam, that's because they hear scam stories from ponzi projects that use bitcoin as a payment method. If they take the time to learn, they will realize that the creators of those projects are all scammers, bitcoin itself is just one of many assets that they use to commit fraud. IMO, ignorance is the leading cause of these misunderstandings.

This is quite reasonable because most are still unfamiliar with bitcoin so they will consider this a scam because they don't understand how it works and I think for now we are required to change the image of bitcoin in the eyes of ordinary people.
Until now, media coverage is also still only focused on some news that results in bitcoin being viewed negatively such as about bitcoin which can indeed be used as a criminal tool or indeed environmental damage which continues to always be as if this is continuing to happen for bitcoin which makes ordinary people will definitely have a stigma that bitcoin is a bad thing so in this case our job is to provide an understanding if indeed they need clarity about bitcoin because indeed a stigma like this will continue to spread if it is not straightened out from the start.

Bitcoin is always seen as bad for those who have special needs in their fields, laymen and those who depend on others in investment so that when bitcoin undergoes correction they will definitely consider this a scam but in the end we can understand that for those who are laymen and those who only follow others to invest or be in bitcoin means that they still need more explanation about what bitcoin is.

[Obim34]

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable  and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

Only ignorance person would think Bitcoin as a scam but I don't blame people that accept all these false narrative about Bitcoin, the society and the government has programmed their mind to believe their own conventional markets where you use fiats for the rest of their life but the smart ones always have a way they do broke out of the system to embrace Bitcoin, if only the government can actually allow Bitcoin to be thought voluntary, all these false narrative will die under a year and more people would love Bitcoin even more but government doesn't want that to happen.

Bitcoin has evolved from dark stages to mainstream with institutional investors flocking around to have 1 btc to their vaults yet some people is somewhere calling Bitcoin a scam, only a person that is still in the 80s that has not heard anything about industrialization would behave like that, Bitcoin is here to stay and wouldn't back down again.

Ignorance and unwillingness to learn new things are the main reasons why many people still mistakenly believe bitcoin is a scam, not necessarily all because of the government. Because if governments are still hostile to bitcoin, still want people to stay away from bitcoin, then we won't see bitcoin ETFs approved or more governments making it legal.

Really bad how people are believing the outside view of Bitcoin other than finding on their own the real nature of Bitcoin, I believe most people are just into accepting what the circle of people they find themselves together say about Bitcoin, if they talk good about it they try to invest and if they should condemn they just quit on accepting Bitcoin. Yet, in all the accusations we can still record an increase in the involvement of more people into Bitcoin compared to some years back, this should aswell serve as an inspiration and urge as many to avoid believing the condemning advise from people.

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

There is no gain I debating the obvious fact that Bitcoin is designed not to be a tool in the hands of a scammer or the bad actors on the internet, who misuse Bitcoin just to fulfill they evil act of taking what belongs to others under false pretends.

The government are just fighting Bitcoin because it isn't something they have at the palm of their hands, it really frustrates them to the extent they need to go after different measures just to kill off the value and relatable numbers of people who believe in it. This same people forget that Bitcoin is a currency aswell as the US Dollars which we can't omit the fact that scammers are also using it as a means to scam people, directly or indirectly.

[livingfree]

Bitcoin and just like any other currencies are the ones being used by the scammers. While the noncoiners would think that it's the actual Bitcoin which is a scam.

No, it's those people that takes advantage of those that lack knowledge about it. They're the ones that are using it for their scamming activities.

But we can't please everyone even if we've been with Bitcoin for several years, if they are close minded people, they'll always will be.

[CryptoHeadlineNews]

Yes, it's true Bitcoin has never been a scam right from day one, but though it's ignorance is what have made people call it scam due to the fact they never understood how the project works, and today, no doubt, many people have come to the realization that Bitcoin as a digital currency has come to stay, been a tool to initiate simless transactions acrose borders, because just as fiat, so is Bitcoin liable to be use by anyone for whatever activity. Hence, that doesn't mean it promote scam, but rather privacy, and the ability for one to be in charge of his funds, as primarily, there are two kinds of people, that is  who still thinks Bitcoin is still scam due to misinformation, and government who knows it's not a scam, but still yet tries to discover people from investing in Bitcoin but rather fiat where they code have control it.

[peter0425]

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable  and potential for legitimate use in the business .

The blockchain technology is a breakthrough in technology and it has proved itself to be effective and reliable. Transparency is part of its feature which a lot of systems will benefit from having. Unfortunately as long as the government remains against bitcoin, they will never implement blockchains technology even if it is the way to advancing the technology. We are in digital age so we need to keep up and use appropriate technology.

[oktana]

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable  and potential for legitimate use in the business .

It doesn’t just reduce the risk of fraud, it removes it. Because you can’t add wrongly, edit or delete data from the blockchain.

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

I am not sure I’ll say for easy transactions, instead I’d say it’s best for money you wish to be managed and controlled by yourself alone. Also, It’s a currency, saving is a choice. But it wasn’t designed to be used for savings.

[amihada]

This is the first time I've seen a post like this, Bitcoin can't be a fraud. Bitcoin is the king of coins in my opinion. try to pay attention to the market now, if the price of bitcoin goes up it will have an effect on other coins, likewise if bitcoin goes down it will also have an effect on other coins so is it possible that bitcoin is a scam that doesn't make sense.

[Cryptomultiplier]

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable  and potential for legitimate use in the business .

I think Bitcoin being transparent is when it allowed regulatory bodies to look into and monitor its systems to check if it is reliable and efficient as it claims to be and also when it was successful with its algorithms before and after halving and with the forks and initiatives that includes the spot ETF approval for large investors and corporate bodies with big portfolio of investment.

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

Agreeably so, because of its consistent effort to ease international transfers with as much affordable fees than would have normally come off as expensive from normal bank transfers.