Bitcoin Scams

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Bitcoin as with dollars or other currencies is not "scam proof" . The biggest scam that i know with regards to  the development of  bitcoins was about the "Silk Road" , but i think the silk road is not a scam but it was a store  that are selling  illegal items like  cocaine and guns.  The other big scam was the site in Japan "Mt Gox" that put up a  bitcoin exchange which handles the bitcoin and not the bitcoin software that is why the  :loophole  became the source of  robbing the members of their bitcoins.


I  was aware of this big problem with  some sites using the "bitcoin technology"  to make themselves millionaires in a short of time.  I  had not been a part of these , i only knew these with the news that it happened.

What i want to share was that about my own experienced with these "scamming system or program" utilizing the bitcoin ( mind you its not the bitcoin technology is not the problem) , it is the people who are looking at the 'LOOPHOLES IN THE BITCOIN SYSTEM" and utilizing these loopholes for their selfist ends.

" I experienced to send  0.01 bitcoin to a site  ( these site is no longer online about these week) . These site promised to pay you 100 percent of what you send them not exceeding 5 bitcoin. So i was attracted to this because this is different as to other sites that only offers a few percentage but this is 100 percent.  I check their transaction online on and its there , so i decide to join in. Now the problem its about a week now , where they promised to pay in 24 hours only. in a few days i can still see their site but about this week its no longer online.  Its a clear SCAM.  now the LOOPHOLE, the bitcoin wallet address is not a guarantee that you can communicate with them , there was also no Email address to contact them, its a question of  TRUST that they see as the LOOP HOLE.

The transaction is on the "blockchain"  the wallet address on the left is mine and on the center the wallet address  above was from the "SCAMMER" ,  and the site is no longer online  which was supposed to be 

It is a clear  "SCAM"  the site is no longer online,  it is easy to change  bitcoin address and also easy to change  sites .. I believe i had surf  this  x100 Grow Your Bitcoin in other IP address , so watch out for this program.  Go to genuine programs  on EASY WAY TO EARN BITCOINS ,  just click on the bitcoin surely they will pay you.

About the author


Working in Canada since 2005, a filipino and immigrant 2012. I started my personal blog in 2008 and gradually learn and post reviews, commentaries and create my own blogsite. Since i start blogging the necessity of linking and learning related skills like SEO, becomes requirement. With blogging i learned and…

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