There is yet another scam that uses the name of Bitcoin to try to steal money from the naïve: Bitcode Method.
It’s called Bitcode, and it even explicitly promises to make people rich with AI (Artificial Intelligence).
The Bitcoin scam that “uses” AI: Bitcode Method
The trick is always the same: deceiving the naive by telling them they can earn a lot without doing anything, simply by sending them money.
In other words, they promise to multiply the money of those who believe them, and who send them their money.
To understand that this is just a scam simply ask yourself a question: if they have a method to get so rich, what need do they have to ask for money from others?
Evidently, their goal is another, that is, to collect money that they won’t give back.
In reality, when the organization of a pyramid scheme hides behind these initiatives, part of the money collected by new entrants is used to pay those who entered earlier, so as to undergo the illusion that the system is actually paying.
In fact, in pyramid schemes, the very first to enter it might actually also earn some money, but only at the expense of a multitude of newcomers who, instead, inexorably end up losing.
Indeed, the only thing these pyramid schemes, or Ponzi, do is pay the first arrivals a little with part of the money taken from the new arrivals. When the entry of naive newcomers stops, or even slows down, there is no longer enough money to pay even the first arrivals, so the pyramid…
