After falling for the latest bitcoin scam out there I am compelled to write about the number of bitcoin scams going on out there and the scammers behind them. selling sponsored posts  on the site with bitcoins.The individual asked for .40 worth of bitcoins for the sponsored post but I was able to convince him to accept .02 bitcoins.See a copy of the first bitcoin scam email I received below.Here’s first problem I failed to spot.Take a look at the email address the bitcoin scam was sent from. and is listed on the site as so.David Parker is legit.However, what is not legit is this David Parker from this email address.Can you spot the difference?But when the bitcoin scam email is sent, the correct website is listed in the body of the email with the fraudulent email address!RELATED: Roger Ver aka Bitcoin Jesus vs Hacker Nitrous – See What Happens Next!A few hours later after negotiating a lower rate for the sponsored post, I sent .20 bitcoins to the scam bitcoin address 1NzpPpSKJyFbpUruMkxF8FVm6huoUwhrLc.

Little did I know this bitcoin address was the address that would disappear with my bitcoins to the ‘never recover’ land.Forward to 9 days later. and contacted everyone listed on their contact page with a disappointing message.It was then that I was sent a post written weeks ago about the bitcoin scam artist falsely representing the real David Parker.I read the post and learned that I was not the only one to fall victim to that particular bitcoin scam.The same type of scam seems to be running around Coindesk as well.Someone pretending to be Shakil Khan (Coindesk’s owner) is sending emails regarding fake advertising spots.As a results, I decided to tell my story and create a list of bitcoin scams and scammers to help the bitcoin community identify and neutralize them!Please fell free to add to this list (on the comment page and we will move them to the list) any known bitcoin scam artist or bitcoin scams! with ‘s’ on coin(s)) ( with an ‘s’) Scam Bitcoin Address: 1NzpPpSKJyFbpUruMkxF8FVm6huoUwhrLc About Latest Posts Latest posts by Jonas Chokun (see all) Bitcoin Investment 2016: Is It Worth It?

Bitcoin Founder, Satoshi Nakamoto Net Worth Reaches $700 Millions!Caricoin Brings Bitcoin To The CaribbeanAs consumers' adoption of bitcoin continues to increase and a number of major retailers have decided to accept the virtual currency, alarming cases of fraud with bitcoins continue to emerge.Because bitcoin transactions are irreversible and not overseen by a central authority or bank, bitcoins are a popular vehicle for fraud and theft.Bitcoin scams are often initially promoted in online forums or chat rooms, with promoters creating an elaborate front to convince investors they are legitimate.The following are five of the most common scams involving bitcoin: 1.Bitcoin Ponzi Schemes and High-Yield Investment Programs.These scams lure people in with promises of high interest rates on deposits.As with other Ponzi schemes, early investors are paid out using investments from later investors.When new investors stop joining and payments cannot be made, the scheme collapses.These scams last often only a couple of months, but the organizers are prone to simply repeat the whole process again afterwards.

Bitcoin Mining Investment Scams.Bitcoin mining involves validating transactions and providing security for the public ledger, known as the blockchain.This process requires extremely powerful and expensive computer equipment.The mining scams typically involve orders for equipment that are paid for in advance and never delivered.(For an in-depth review of mining, see: What is Bitcoin Mining?)A bitcoin wallet is a software program used to store bitcoins.bitcoin capital gains tax usWallet scams attract users with the assurance of greater transaction anonymity.apple pulls bitcoinOnce the deposit level rises above a certain level, the scammers simply move the bitcoins into their own wallet.bitcoin sole 24These exchanges attract users by offering credit card processing at more competitive rate than their competitors.open bitcoin atm kit

The fraudulent bitcoin exchanges simply do not return bitcoin or cash after receiving payment.Phishing scams can involve emails informing people that they have been awarded or given bitcoins.They are told that they need to log into their bitcoin wallets through a link in the email that unbeknownst to them gives the phishers complete control the account.It is advisable to thoroughly investigate the background of the bitcoin-related company you are thinking of transacting with and look for transparency in their dealings.precio bitcoin 2010Publicly available audits can assuage doubt over whether a company is able to deliver what it promises.bitcoin ledger walletProof-of-reserves cryptographic audits enable companies to publicly disclose their bitcoin holdings.bitcoin upload limit

Established forums like reddit can help provide a balanced perspective on the legitimacy of a company.As in the offline world, if it looks too good to be true, it is most likely a scam.When dealing with bitcoins, it is best to treat the currency as carefully as cash in the everyday world.If you lose it, it is very unlikely that you will ever get it back.Scams have long been part of the day to day lives of human beings.While today's scams are quite a bit more intricate, people have been trying to defraud each other since the beginning of currency as we know it.bitcoin usb blockIn fact, even back in the renaissance days, the shell game was used by con-artists to fool people out of their hard earned money.litecoin indexWith Bitcoin being a relatively new currency, yet a widely accepted one, scams revolving around the currency seem to be everywhere.Here are the top 5 scams you should watch for in order to keep your money safe in today's cryptocurrency world.

One of the most common scams in the world of Bitcoin at the moment is the Ponzi Scheme.Essentially, the con-artists grab your interest by promising you high interest rates on deposits made.As the nature of the Ponzi Scheme would tell you, those who make their investments early are paid out using the dollars from those that come in later.This lasts for some time.However, must come to an end at some point.When there's not enough new people signing up to pay out on older investments, the scam falls apart, and those who took part start to realize losses.One of the factors that makes bitcoin an interesting currency for many is anonymity when making purchases.This anonymity is generally provided through Bitcoin wallets.Essentially, these scammers tell you that their program is the safest and easiest way to transfer Bitcoin anonymously.The wallet will work perfectly for days, weeks or even months.However, at some point, he con-artist behind the scenes will transfer the bitcoin out of your wallet and into their own.

So, when choosing a Bitcoin Wallet provider, make sure that you do your research!There are several Bitcoin exchanges out there.These exchanges simply sell Bitcoin at the current market rate.However, when looking for a Bitcoin exchange, make sure to do your research.Some exchanges will grab your interest by charging incredibly low fees on credit card processing (an area where exchanges realize their profits).When your credit card is processed, you receive nothing.No Bitcoin, no refund, the money is gone.One great thing to keep in mind here is that if the fees sound too good to be true, they probably are!Bitcoin mining is a process that involves incredibly high level equations.These equations are designed to validate transactions and provide security for the public ledger, something known as the blockchain.However, in order to mine bitcoin, you generally need extremely powerful and expensive computer equipment.As a result, many people invest in the equipment for these mines, earning returns in the long run as more Bitcoin is mined.