Bitcoin is a decentralized digital or virtual currency that usually no one owns and the Government has no control over it, so they cannot influence the circulation and operation of a Bitcoin. This usually uses peer – to – peer cryptographic proofs and networking just to operate this system. Sometimes, this system influences, creates, and controls scams and frauds freely by recording transactions in a public history records, block – chains, and once validated with proof of work systems becomes valid and binding. However, can this system control the Bitcoin fraud and swindle? Hard to say, because most rip-offs and frauds happened in a virtual and online community, so this system is not a 100% safe and secure. Continue reading →