Chinese Government Warns Bitcoin Investors About MMM Global Ponzi Scheme

Chinese Government Warns Bitcoin Investors About MMM Global Ponzi Scheme

Bitcoin has worn many different labels throughout the years, ranging from “fake internet money” to ‘ponzi scheme” and various other not-so-nice things. The Chinese government warned the public about the MMM Global Ponzi scheme that accepts Bitcoin payments, in an attempt to ensure consumer funds is kept safe from harm at all times. Such risky investments should be avoided at all costs, and this warning is a positive sign for Bitcoin itself. Anyone who is active on social media may have noticed a strong influx of posts related to this new “money making program” called MMM Global. As the....


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Quotes

For much of history since its beginning in ancient Egypt, the essence of cryptography—which takes its name from the Greek words for “hidden” and “writing”—lay in encoding language to keep a message secret.

Paul Vigna, The Age of Cryptocurrency