Bitcoin newbies: Bitcoin is seriously not a scam


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Originally published at: https://wirexapp.com/bitcoin-is-not-a-scam/

So, you’re new to Bitcoin and you’ve heard a lot of conflicting opinions. You’ve heard some people say cryptocurrencies are the future. You’ve heard others say Bitcoin is a scam or a Ponzi scheme. What’s the truth? Is Bitcoin a scam? Firstly, what exactly is a scam? While common for people to use the word to describe anything they don’t like, the Cambridge Dictionary defines it as “an illegal plan for making money, especially one that involves tricking…