How I, and Countless Others, Were Conned by TimeToBit
TimeToBit was an elaborate scam all along. The cryptocurrency mining industry is a strange place. Here, we live by the "guilty until proven innocent" maxim. Anything and everything about a mining company falls under question, and if the tiniest thing seems off, we conclude that the company is a scam. And unfortunately, it seems like that's just way it has to be. Mining scams are a dime a dozen. Some companies don't even try to hide the fact that they're scams. Others, however, are a lot more clever. This is how I, and so many others, were conned by TimeToBit. How They Did It. June 25, 2014....
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There is talk of TimeToBit being a possible scam in this BitcoinTalk thread. Several people have reported the payouts have stopped, and my payouts have been put on pending too for days now. I keep this article updated with more information. In an experimental mood some time ago, I started mining Bitcoin on my laptop. After a full five minutes, I frantically hit the stop button. My processor went through the roof and the temperature was reaching 90 degrees Celcius. My hands were warm, but my brain was scared. Mining on a laptop was not a good idea. I began looking for a safer way. This week....
She is known as the “Cryptoqueen” because she conned billions of dollars using a cryptocurrency that had no actual value before it vanished. The Federal Bureau of Investigation has now placed her on its list of the 10 most-wanted criminals. Ruja Ignatova, on the run since 2017, is suspected of orchestrating a vast Ponzi scam […]
The cryptocurrency industry is never boring, but it is worth saying that it is not exactly fun, either. Sure, it can be exciting, interesting, intimidating, and filled with countless other emotions, but not a lot of people would say that it is fun. After all, many would agree that it is not a good idea […]
There are countless elements in Bitcoin that structurally instill the process of Schumpeterian creative destruction into its ecosystem.
Bitcoin depends on a distributed ledger system known as the blockchain. The blockchain is possibly the most powerful innovation associated with Bitcoin, as countless industries from financial services to healthcare have begun contemplating how to leverage the technology for their own uses. So it’s ...