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Calculated Shard: 38 (from laksa112)

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Query:

curl -X POST \
  'http://laksa038.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.corporatedirect.com/blog/is-bitcoin-a-scam-scam-proof-your-assets\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.corporatedirect.com/blog/is-bitcoin-a-scam-scam-proof-your-assets\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.corporatedirect.com\/blog\/is-bitcoin-a-scam-scam-proof-your-assets","crawl_time":1776050593,"first_indexed_time":1744962014,"http_code":200,"src_unparsed":"com,corporatedirect!www,\/blog\/is-bitcoin-a-scam-scam-proof-your-assets s443","src_root_hash":"957682739269063438","history_drop_reason":null,"meta_title":"Is Bitcoin a Scam? Scam-Proof Your Assets | Corporate Direct","meta_descriptions":["\"Scam-Proof Your Assets\" discusses the dangers of cryptocurrency fraud and provides strategies to protect your assets from cybercriminals, focusing on Bitcoin scams and pump-and-dump schemes."],"attrs_boilerpipe_text":"Scam-Proof Your Assets: Guarding Against Widespread Deception\n, my newest Rich Dad Advisor book in several years, was released near the end of 2020. Cyber criminality is everywhere, costing people not only financial losses but emotional damage as well. You must be vigilant.\nTo learn the protective strategies you need against the cyber onslaught you may purchase the book from the\nRDA Press website\n.\nI couldn’t fit all of the scams into\nScam-Proof Your Assets\n. So the following excerpt isn’t in the book but is important for you to know.\nWhile some frauds become harder to perpetrate due to better oversight, others become easier thanks to technology.\nOne type of fraud that didn’t even exist just a few years ago is that involving cryptocurrency.\nTo illustrate what this is, let’s establish right now that currency is something that at least two parties agree has value and constitutes a type of payment. It’s a unit of exchange. When they taught real economics you would learn this. If I hold a dollar bill out to you, you see that as valuable because you can use it to buy things.\nWe agree it’s money, so it is\n. Each dollar bill has a serial number on it, so according to the Treasury Department, that serial number represents legal tender in the amount of a dollar.\nWell, in the case of cryptocurrency, a series of numbers—a sort of cryptography—represents an agreed-upon value. That series of numbers is currency, and it’s used to conduct transactions online. And like money, which the U.S. Treasury only produces a finite (albeit inflated) amount of, there is supposedly a finite amount of cryptocurrency. Promoters claim it is a finite amount but there is no intermediary—say the U.S. Treasury or a bank—to authenticate the value associated with that number. So in cyberspace it has value, but elsewhere, it’s a toss-up. You can’t go buy ice cream with it. Its price volatility is very high, making it unreliable. And it’s not a thing you can see or touch. It’s ideal for criminals.\nThe biggest and most well-known type of cryptocurrency is Bitcoin, though there’s no stopping anyone from creating their own cryptocurrency. In recent years, there are more than 1,500 of them, with more on the way. Because cryptocurrency is just a series of numbers, and because numbers, despite all claims, can be infinite,\nthere’s no shortage.\nWithout certainty, but subject to animal spirits, the corresponding demand and value go up and down. Certainty arises when the two parties using it to buy and sell things agree on its value. So investment in Bitcoins or any other cryptocurrency is speculative at best. It only has value if people continue to want it and see it as valuable. The jury is still out. For all those who believe in crypto, that is fine. Go ahead and take down the Fed. But, for the rest of us, keep your guard up!\nBitcoin isn’t a scam\n—whether it has value or is useful is for you to decide. But what\nis\na scam is when some fraudster throws out a lot of technical jargon and makes cryptocurrency sound like some unconquerable wave of the future. They claim they have some special insight to forecast a huge rise in cybercurrency, that it will eventually be\nthe\ncurrency. In other words, for all its futurity, it is just another age-old big pump-and-dump scheme. In December 2017, that’s what happened. Scammers intentionally pumped the value of Bitcoin so they could solicit investors, inflate the price up, then unload the ‘coins’ at a much higher value.\nAnd many small investors fell for it, dumping all their money into it.\nDipping a toe in is one thing, but pouring all your money into one investment is rarely a good idea\n—even a commodity you can actually see and use and has value. More on this subject in the book,\nScam-Proof Your Assets.\nIn early 2017, Bitcoin’s prices went from under $1,000 to nearly $20,000 by the end of that same year. But then the market fell 80 percent, devastating investors who lost millions.\nThat hasn’t stopped scammers from plaguing Facebook with Bitcoin ads promising riches to savvy investors. In January 2018, Facebook instituted a policy banning Bitcoin and other cryptocurrency ads, but then later it relaxed those rules, allowing pre-approved advertisers to use its platform for these purposes, priming the pump yet again for a surge in cryptocurrency.\nIt bears repeating:\nBitcoin and similar currencies have little, if any, actual intrinsic value, making it a prime target for crime. In fact, William H. Harris, Jr., founder of Personal Capital Corporation, a digital wealth management firm, reports that about 90 percent of all remote hacking is focused on Bitcoin theft by taking control of computers to mine their coins.\nIn 2019, a Ukrainian firm scammed $70 million from elderly investors in Britain, Australia, and New Zealand. The company’s online ads featured interviews with celebrities such as Hugh Jackman and Gordon Ramsey who supposedly made a killing in crypto. High-pressure salesmen in Kiev promised extraordinary returns. And the money all went down a Ukrainian rabbit hole.\n“In what rational universe,” Harris writes, “could someone simply issue electronic scrip—or just announce that they intend to—and create, out of the blue, billions of dollars of value? It makes no sense.”\nAs Keller points out, “I get the idea that some of these ‘Bitcoin funds’ actually own no, or very few, Bitcoins, but are simply the next wave of Ponzi schemes. It’s actually a Ponzi schemer’s dream: Something that most folks don’t understand, but are being led by media buzz to believe it is the next big thing … Note to file: Nothing that you don’t understand is likely to ever turn out well.”\nScam-Proof Your Assets covers the many threats we face from cyber criminals. Everyone needs a guide book against deception.","attrs_markdown":"Formations\n\n[RealShield Protect your most valuable assets—your rental properties—with our flexible LLC strategies.](https:\/\/www.corporatedirect.com\/formations\/realshield)\n\n[FormForward Start your business right with our custom LLC and corporate formation services.](https:\/\/www.corporatedirect.com\/formations\/formforward)\n\n[DigitalGuard Protect your portfolio, digital currency and personal assets, from liability.](https:\/\/www.corporatedirect.com\/formations\/digitalguard)\n\n[SmartStart Protect your new vision with all the essential formation documents needed to begin.](https:\/\/www.corporatedirect.com\/formations\/smartstart)\n\nCall Us Toll-Free\n\n[(800) 600-1760](tel:+18006001760)\n\nMonday - Friday: 8:00 AM to 5:00PM PST\n\n[Schedule a Free Consultation](https:\/\/www.corporatedirect.com\/schedule-a-consultation)\n\nAdditional Services\n\n[Entity Conversions Convert your sole proprietorship business to an LLC and shield your personal assets.](https:\/\/www.corporatedirect.com\/additional-services\/entity-conversions)\n\n[Registered Agent Services An early warning system for legal threats and critical deadlines.](https:\/\/www.corporatedirect.com\/additional-services\/registered-agent-services)\n\n[Corporate Cleanup Proper documentation to maintain your limited liability status.](https:\/\/www.corporatedirect.com\/additional-services\/corporate-cleanup)\n\n[Nominee Services Conceal your name from public records while you keep full control.](https:\/\/www.corporatedirect.com\/additional-services\/nominee-services)\n\n[Dissolutions Proper business closure protects you from lingering liabilities, tax obligations, and penalties.](https:\/\/www.corporatedirect.com\/additional-services\/dissolutions)\n\n[Reinstatements Revive your dissolved business and restore its legal protection.](https:\/\/www.corporatedirect.com\/additional-services\/reinstatements)\n\n[Service Fees Lorem ipsum dolor sit amet consectetur elit](https:\/\/www.corporatedirect.com\/additional-services\/dissolutions)\n\nCall Us Toll-Free\n\n[(800) 600-1760](tel:8006001760)\n\nMonday - Friday: 8:00 AM to 5:00PM PST\n\n[Schedule a Free Consultation](https:\/\/www.corporatedirect.com\/schedule-a-consultation)\n\nResources\n\n[Armor8 ® Secure assets under Wyoming and Nevada's superior protection laws.](https:\/\/www.corporatedirect.com\/armor8)\n\n[Search by State Lorem ipsum dolor sit amet consectetur elit](https:\/\/www.corporatedirect.com\/search-by-state)\n\n[Corporate Direct Store Lorem ipsum dolor sit amet consectetur elit](https:\/\/www.corporatedirect.com\/blog\/is-bitcoin-a-scam-scam-proof-your-assets)\n\n[Credit & Debt Resources Lorem ipsum dolor sit amet consectetur elit](https:\/\/www.corporatedirect.com\/blog\/is-bitcoin-a-scam-scam-proof-your-assets)\n\n[Entites We Form Each business structure offers distinct advantages for different goals.](https:\/\/www.corporatedirect.com\/entity-types)\n\n[Articles Expert articles with practical strategies and legal insights to protect your wealth.](https:\/\/www.corporatedirect.com\/articles)\n\n[Blogs Stay informed with our latest tips on real estate, business, and wealth protection strategies.](https:\/\/www.corporatedirect.com\/blog)\n\nCall Us Toll-Free\n\n[(800) 600-1760](https:\/\/www.corporatedirect.com\/blog\/is-bitcoin-a-scam-scam-proof-your-assets)\n\nMonday - Friday: 8:00 AM to 5:00PM PST\n\n[Schedule a Free Consultation](https:\/\/www.corporatedirect.com\/schedule-a-consultation)\n\nCompany\n\n[About Us Lorem ipsum dolor sit amet consectetur elit](https:\/\/www.corporatedirect.com\/about-us)\n\n[Contact Us Lorem ipsum dolor sit amet consectetur elit](https:\/\/www.corporatedirect.com\/contact-us)\n\n[Media Lorem ipsum dolor sit amet consectetur elit](https:\/\/www.corporatedirect.com\/blog\/is-bitcoin-a-scam-scam-proof-your-assets)\n\n[Partnerships Earn commissions for every referral when you share our trusted formation and protection services with others.](https:\/\/www.corporatedirect.com\/affiliate-program)\n\n[Sutton Law Center Corporate legal services and asset protection for businesses, specializing in incorporation and business structure strategies.](https:\/\/sutlaw.com\/)\n\nCall Us Toll-Free\n\n[(800) 600-1760](https:\/\/www.corporatedirect.com\/blog\/is-bitcoin-a-scam-scam-proof-your-assets)\n\nMonday - Friday: 8:00 AM to 5:00PM PST\n\n[Schedule a Free Consultation](https:\/\/www.corporatedirect.com\/schedule-a-consultation)\n\n[(800) 600-1760](tel:+18006001760)\n\n[Free Consult](https:\/\/www.corporatedirect.com\/schedule-a-consultation)\n\n[Free Consultation](https:\/\/www.corporatedirect.com\/schedule-a-consultation)\n\nCall Us\n\n(800) 600-1760\n\nMonday - Friday: 8:00 AM to 5:00PM PST\n\n[Pay a Quote](https:\/\/www.corporatedirect.com\/blog\/is-bitcoin-a-scam-scam-proof-your-assets)\n\n[Blog](https:\/\/www.corporatedirect.com\/blog)\n\n[Is Bitcoin a Scam? Scam-Proof Your Assets](https:\/\/www.corporatedirect.com\/categories\/asset-protection)\n\n# Is Bitcoin a Scam? Scam-Proof Your Assets\nBy\n\nGarrett Sutton, Esq.\n\nWebsite:\n\nLast Updated:\n\nApril 22, 2025\n\n•\n\n7\n\nmin read\n\nShare this post\n\n![](https:\/\/cdn.prod.website-files.com\/67658c4253d64efa860616eb\/67c0df069903f2382ce7d345_is-bitcoin-a-scam.jpeg)\n\n*Scam-Proof Your Assets: Guarding Against Widespread Deception*, my newest Rich Dad Advisor book in several years, was released near the end of 2020. Cyber criminality is everywhere, costing people not only financial losses but emotional damage as well. You must be vigilant.\n\nTo learn the protective strategies you need against the cyber onslaught you may purchase the book from the [RDA Press website](https:\/\/corporatedirect.com\/resources\/books\/scam-proof-your-assets\/).\n\nI couldn’t fit all of the scams into *Scam-Proof Your Assets*. So the following excerpt isn’t in the book but is important for you to know.\n\nWhile some frauds become harder to perpetrate due to better oversight, others become easier thanks to technology. **One type of fraud that didn’t even exist just a few years ago is that involving cryptocurrency.**\n\nTo illustrate what this is, let’s establish right now that currency is something that at least two parties agree has value and constitutes a type of payment. It’s a unit of exchange. When they taught real economics you would learn this. If I hold a dollar bill out to you, you see that as valuable because you can use it to buy things. **We agree it’s money, so it is**. Each dollar bill has a serial number on it, so according to the Treasury Department, that serial number represents legal tender in the amount of a dollar.\n\nWell, in the case of cryptocurrency, a series of numbers—a sort of cryptography—represents an agreed-upon value. That series of numbers is currency, and it’s used to conduct transactions online. And like money, which the U.S. Treasury only produces a finite (albeit inflated) amount of, there is supposedly a finite amount of cryptocurrency. Promoters claim it is a finite amount but there is no intermediary—say the U.S. Treasury or a bank—to authenticate the value associated with that number. So in cyberspace it has value, but elsewhere, it’s a toss-up. You can’t go buy ice cream with it. Its price volatility is very high, making it unreliable. And it’s not a thing you can see or touch. It’s ideal for criminals.\n\nThe biggest and most well-known type of cryptocurrency is Bitcoin, though there’s no stopping anyone from creating their own cryptocurrency. In recent years, there are more than 1,500 of them, with more on the way. Because cryptocurrency is just a series of numbers, and because numbers, despite all claims, can be infinite, **there’s no shortage.**\n\nWithout certainty, but subject to animal spirits, the corresponding demand and value go up and down. Certainty arises when the two parties using it to buy and sell things agree on its value. So investment in Bitcoins or any other cryptocurrency is speculative at best. It only has value if people continue to want it and see it as valuable. The jury is still out. For all those who believe in crypto, that is fine. Go ahead and take down the Fed. But, for the rest of us, keep your guard up\\!\n\n**Bitcoin isn’t a scam**—whether it has value or is useful is for you to decide. But what *is* a scam is when some fraudster throws out a lot of technical jargon and makes cryptocurrency sound like some unconquerable wave of the future. They claim they have some special insight to forecast a huge rise in cybercurrency, that it will eventually be *the* currency. In other words, for all its futurity, it is just another age-old big pump-and-dump scheme. In December 2017, that’s what happened. Scammers intentionally pumped the value of Bitcoin so they could solicit investors, inflate the price up, then unload the ‘coins’ at a much higher value.\n\nAnd many small investors fell for it, dumping all their money into it. **Dipping a toe in is one thing, but pouring all your money into one investment is rarely a good idea**—even a commodity you can actually see and use and has value. More on this subject in the book, *Scam-Proof Your Assets.*\n\nIn early 2017, Bitcoin’s prices went from under \\$1,000 to nearly \\$20,000 by the end of that same year. But then the market fell 80 percent, devastating investors who lost millions.\n\nThat hasn’t stopped scammers from plaguing Facebook with Bitcoin ads promising riches to savvy investors. In January 2018, Facebook instituted a policy banning Bitcoin and other cryptocurrency ads, but then later it relaxed those rules, allowing pre-approved advertisers to use its platform for these purposes, priming the pump yet again for a surge in cryptocurrency.\n\n**It bears repeating:** Bitcoin and similar currencies have little, if any, actual intrinsic value, making it a prime target for crime. In fact, William H. Harris, Jr., founder of Personal Capital Corporation, a digital wealth management firm, reports that about 90 percent of all remote hacking is focused on Bitcoin theft by taking control of computers to mine their coins.\n\nIn 2019, a Ukrainian firm scammed \\$70 million from elderly investors in Britain, Australia, and New Zealand. The company’s online ads featured interviews with celebrities such as Hugh Jackman and Gordon Ramsey who supposedly made a killing in crypto. High-pressure salesmen in Kiev promised extraordinary returns. And the money all went down a Ukrainian rabbit hole.\n\n> “In what rational universe,” Harris writes, “could someone simply issue electronic scrip—or just announce that they intend to—and create, out of the blue, billions of dollars of value? It makes no sense.”\n\nAs Keller points out, “I get the idea that some of these ‘Bitcoin funds’ actually own no, or very few, Bitcoins, but are simply the next wave of Ponzi schemes. It’s actually a Ponzi schemer’s dream: Something that most folks don’t understand, but are being led by media buzz to believe it is the next big thing … Note to file: Nothing that you don’t understand is likely to ever turn out well.”\n\n#### Scam-Proof Your Assets covers the many threats we face from cyber criminals. Everyone needs a guide book against deception.\n![Scam-Proof Your Assets](https:\/\/cdn.prod.website-files.com\/67658c4253d64efa860616eb\/67c0df069903f2382ce7d327_Scam-Proof-Your-Assets-Book_Cover1996-300x300.jpeg)\n\nShare this post\n\n[All](https:\/\/www.corporatedirect.com\/categories\/all)\n\n[Tax Compliance](https:\/\/www.corporatedirect.com\/categories\/tax-compliance)\n\n[Legal Compliance](https:\/\/www.corporatedirect.com\/categories\/legal-compliance)\n\n[Business Formation](https:\/\/www.corporatedirect.com\/categories\/business-formation)\n\n[Business Dissolution](https:\/\/www.corporatedirect.com\/categories\/business-dissolution)\n\n[Asset Protection](https:\/\/www.corporatedirect.com\/categories\/asset-protection)\n\n[![](https:\/\/cdn.prod.website-files.com\/67658c4253d64efa860616eb\/69baaf3a260969674869c650_Collaborative%20Workspace.webp)Asset Protection Can a C Corporation Buy a Residential Property? Key Considerations. Avoid holding real estate in a C corporation due to higher capital gains taxes, weaker asset protection, and taxable transfers. Use LLCs or LPs for better tax and legal advantages. ![](https:\/\/cdn.prod.website-files.com\/67658c4253d64efa860616eb\/683f0635a032f6a1446d7afd_2_GarrettDSC05996-Edit.webp) March 18, 2026 • 5 min read](https:\/\/www.corporatedirect.com\/blog\/why-you-should-never-hold-real-estate-in-a-c-corporation)\n\n[![](https:\/\/cdn.prod.website-files.com\/67658c4253d64efa860616eb\/69bab215a4f4d25fa24ff41a_Office%20Discussion%20Scene.webp)Asset Protection You Need This For Asset Protection in California Navigating California's asset protection laws can be tricky for real estate investors. Learn about the pros and cons of using a Wyoming LLC for better protection and how California taxation affects your strategy. ![](https:\/\/cdn.prod.website-files.com\/67658c4253d64efa860616eb\/683f0635a032f6a1446d7afd_2_GarrettDSC05996-Edit.webp) March 18, 2026 • 5 min read](https:\/\/www.corporatedirect.com\/blog\/you-need-this-for-asset-protection-in-california)\n\nFormations\n\n[FormForward](https:\/\/www.corporatedirect.com\/formations\/formforward)[RealShield](https:\/\/www.corporatedirect.com\/formations\/realshield)[SmartStart](https:\/\/www.corporatedirect.com\/formations\/smartstart)[DigitalGuard](https:\/\/www.corporatedirect.com\/formations\/digitalguard)\n\nAdditional Services\n\n[Entity Conversions](https:\/\/www.corporatedirect.com\/additional-services\/entity-conversions)[Registered Agent Service](https:\/\/www.corporatedirect.com\/additional-services\/registered-agent-services)[Nominee Services](https:\/\/www.corporatedirect.com\/additional-services\/nominee-services)[Corporate Cleanup](https:\/\/www.corporatedirect.com\/additional-services\/corporate-cleanup)[Reinstatements](https:\/\/www.corporatedirect.com\/additional-services\/reinstatements)[Dissolutions](https:\/\/www.corporatedirect.com\/additional-services\/dissolutions)\n\nResources\n\n[Articles](https:\/\/www.corporatedirect.com\/articles)[Blogs](https:\/\/www.corporatedirect.com\/blog)[Entities we form](https:\/\/www.corporatedirect.com\/entity-types)[Armor8®](https:\/\/www.corporatedirect.com\/armor8)[Credit & Debt Resources](https:\/\/www.corporatedirect.com\/blog\/is-bitcoin-a-scam-scam-proof-your-assets)[Corporate Direct Store](https:\/\/www.corporatedirect.com\/blog\/is-bitcoin-a-scam-scam-proof-your-assets)\n\nCompany\n\n[About Us](https:\/\/www.corporatedirect.com\/about-us)[Careers](https:\/\/www.corporatedirect.com\/blog\/is-bitcoin-a-scam-scam-proof-your-assets)[Partnerships](https:\/\/www.corporatedirect.com\/affiliate-program)[Sutton Law Center](https:\/\/sutlaw.com\/)\n\n![](https:\/\/cdn.prod.website-files.com\/674f87102cc8819b65fd7d33\/674f8e5f30ef572bb76eec24_corporate-direct.svg)\n\n[![Link to our Facebook](https:\/\/cdn.prod.website-files.com\/674f87102cc8819b65fd7d33\/679a777d28dc81a4ba1c5806_Facebook.svg)](https:\/\/www.facebook.com\/corporatedirect)[![Link to our Youtube](https:\/\/cdn.prod.website-files.com\/674f87102cc8819b65fd7d33\/679a777d84562cb2e6b44b13_Youtube.svg)](https:\/\/www.youtube.com\/c\/GarrettSutton)[![Link to our X (Formerly Twitter)](https:\/\/cdn.prod.website-files.com\/674f87102cc8819b65fd7d33\/679a777d557e7a78bf48d0b3_X.svg)](https:\/\/x.com\/GarrettSutton)[![Link to our Instagram](https:\/\/cdn.prod.website-files.com\/674f87102cc8819b65fd7d33\/679a777d15a5fc41b919d9ea_Instagram.svg)](https:\/\/www.instagram.com\/corporatedirect\/)[![Link to our LinkedIn](https:\/\/cdn.prod.website-files.com\/674f87102cc8819b65fd7d33\/679a777de143624bc604222a_LinkedIn.svg)](https:\/\/www.linkedin.com\/company\/corporate-direct-inc-)\n\nYour Asset Protection Connection\n\nJoin Our Newsletter\n\nBy subscribing you agree with our [Privacy Policy](https:\/\/www.corporatedirect.com\/legal\/privacy-policy)\n\nThank you! Your submission has been received\\!\n\nOops! Something went wrong while submitting the form.\n\n© 2025 Corporate Direct, Inc.\n\n[Privacy Policy](https:\/\/www.corporatedirect.com\/legal\/privacy-policy)[Terms of Service](https:\/\/www.corporatedirect.com\/legal\/terms-of-service)[Legal Disclaimer](https:\/\/www.corporatedirect.com\/legal\/legal-disclaimer)[Refund Policy](https:\/\/www.corporatedirect.com\/legal\/refund-policy)\n\n\\*Pricing does not include state filing fees.\n\nBBB Rating: A+ as of 8\/13\/2025","attrs_readable_markdown":"*Scam-Proof Your Assets: Guarding Against Widespread Deception*, my newest Rich Dad Advisor book in several years, was released near the end of 2020. Cyber criminality is everywhere, costing people not only financial losses but emotional damage as well. You must be vigilant.\n\nTo learn the protective strategies you need against the cyber onslaught you may purchase the book from the [RDA Press website](https:\/\/corporatedirect.com\/resources\/books\/scam-proof-your-assets\/).\n\nI couldn’t fit all of the scams into *Scam-Proof Your Assets*. So the following excerpt isn’t in the book but is important for you to know.\n\nWhile some frauds become harder to perpetrate due to better oversight, others become easier thanks to technology. **One type of fraud that didn’t even exist just a few years ago is that involving cryptocurrency.**\n\nTo illustrate what this is, let’s establish right now that currency is something that at least two parties agree has value and constitutes a type of payment. It’s a unit of exchange. When they taught real economics you would learn this. If I hold a dollar bill out to you, you see that as valuable because you can use it to buy things. **We agree it’s money, so it is**. Each dollar bill has a serial number on it, so according to the Treasury Department, that serial number represents legal tender in the amount of a dollar.\n\nWell, in the case of cryptocurrency, a series of numbers—a sort of cryptography—represents an agreed-upon value. That series of numbers is currency, and it’s used to conduct transactions online. And like money, which the U.S. Treasury only produces a finite (albeit inflated) amount of, there is supposedly a finite amount of cryptocurrency. Promoters claim it is a finite amount but there is no intermediary—say the U.S. Treasury or a bank—to authenticate the value associated with that number. So in cyberspace it has value, but elsewhere, it’s a toss-up. You can’t go buy ice cream with it. Its price volatility is very high, making it unreliable. And it’s not a thing you can see or touch. It’s ideal for criminals.\n\nThe biggest and most well-known type of cryptocurrency is Bitcoin, though there’s no stopping anyone from creating their own cryptocurrency. In recent years, there are more than 1,500 of them, with more on the way. Because cryptocurrency is just a series of numbers, and because numbers, despite all claims, can be infinite, **there’s no shortage.**\n\nWithout certainty, but subject to animal spirits, the corresponding demand and value go up and down. Certainty arises when the two parties using it to buy and sell things agree on its value. So investment in Bitcoins or any other cryptocurrency is speculative at best. It only has value if people continue to want it and see it as valuable. The jury is still out. For all those who believe in crypto, that is fine. Go ahead and take down the Fed. But, for the rest of us, keep your guard up\\!\n\n**Bitcoin isn’t a scam**—whether it has value or is useful is for you to decide. But what *is* a scam is when some fraudster throws out a lot of technical jargon and makes cryptocurrency sound like some unconquerable wave of the future. They claim they have some special insight to forecast a huge rise in cybercurrency, that it will eventually be *the* currency. In other words, for all its futurity, it is just another age-old big pump-and-dump scheme. In December 2017, that’s what happened. Scammers intentionally pumped the value of Bitcoin so they could solicit investors, inflate the price up, then unload the ‘coins’ at a much higher value.\n\nAnd many small investors fell for it, dumping all their money into it. **Dipping a toe in is one thing, but pouring all your money into one investment is rarely a good idea**—even a commodity you can actually see and use and has value. More on this subject in the book, *Scam-Proof Your Assets.*\n\nIn early 2017, Bitcoin’s prices went from under \\$1,000 to nearly \\$20,000 by the end of that same year. But then the market fell 80 percent, devastating investors who lost millions.\n\nThat hasn’t stopped scammers from plaguing Facebook with Bitcoin ads promising riches to savvy investors. In January 2018, Facebook instituted a policy banning Bitcoin and other cryptocurrency ads, but then later it relaxed those rules, allowing pre-approved advertisers to use its platform for these purposes, priming the pump yet again for a surge in cryptocurrency.\n\n**It bears repeating:** Bitcoin and similar currencies have little, if any, actual intrinsic value, making it a prime target for crime. In fact, William H. Harris, Jr., founder of Personal Capital Corporation, a digital wealth management firm, reports that about 90 percent of all remote hacking is focused on Bitcoin theft by taking control of computers to mine their coins.\n\nIn 2019, a Ukrainian firm scammed \\$70 million from elderly investors in Britain, Australia, and New Zealand. The company’s online ads featured interviews with celebrities such as Hugh Jackman and Gordon Ramsey who supposedly made a killing in crypto. High-pressure salesmen in Kiev promised extraordinary returns. And the money all went down a Ukrainian rabbit hole.\n\n> “In what rational universe,” Harris writes, “could someone simply issue electronic scrip—or just announce that they intend to—and create, out of the blue, billions of dollars of value? It makes no sense.”\n\nAs Keller points out, “I get the idea that some of these ‘Bitcoin funds’ actually own no, or very few, Bitcoins, but are simply the next wave of Ponzi schemes. It’s actually a Ponzi schemer’s dream: Something that most folks don’t understand, but are being led by media buzz to believe it is the next big thing … Note to file: Nothing that you don’t understand is likely to ever turn out well.”\n\n#### Scam-Proof Your Assets covers the many threats we face from cyber criminals. Everyone needs a guide book against deception.\n![Scam-Proof Your Assets](https:\/\/cdn.prod.website-files.com\/67658c4253d64efa860616eb\/67c0df069903f2382ce7d327_Scam-Proof-Your-Assets-Book_Cover1996-300x300.jpeg)","meta_canonical":null}

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Meta Title	Is Bitcoin a Scam? Scam-Proof Your Assets \| Corporate Direct
Meta Description	"Scam-Proof Your Assets" discusses the dangers of cryptocurrency fraud and provides strategies to protect your assets from cybercriminals, focusing on Bitcoin scams and pump-and-dump schemes.
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Boilerpipe Text	Scam-Proof Your Assets: Guarding Against Widespread Deception , my newest Rich Dad Advisor book in several years, was released near the end of 2020. Cyber criminality is everywhere, costing people not only financial losses but emotional damage as well. You must be vigilant. To learn the protective strategies you need against the cyber onslaught you may purchase the book from the RDA Press website . I couldn’t fit all of the scams into Scam-Proof Your Assets . So the following excerpt isn’t in the book but is important for you to know. While some frauds become harder to perpetrate due to better oversight, others become easier thanks to technology. One type of fraud that didn’t even exist just a few years ago is that involving cryptocurrency. To illustrate what this is, let’s establish right now that currency is something that at least two parties agree has value and constitutes a type of payment. It’s a unit of exchange. When they taught real economics you would learn this. If I hold a dollar bill out to you, you see that as valuable because you can use it to buy things. We agree it’s money, so it is . Each dollar bill has a serial number on it, so according to the Treasury Department, that serial number represents legal tender in the amount of a dollar. Well, in the case of cryptocurrency, a series of numbers—a sort of cryptography—represents an agreed-upon value. That series of numbers is currency, and it’s used to conduct transactions online. And like money, which the U.S. Treasury only produces a finite (albeit inflated) amount of, there is supposedly a finite amount of cryptocurrency. Promoters claim it is a finite amount but there is no intermediary—say the U.S. Treasury or a bank—to authenticate the value associated with that number. So in cyberspace it has value, but elsewhere, it’s a toss-up. You can’t go buy ice cream with it. Its price volatility is very high, making it unreliable. And it’s not a thing you can see or touch. It’s ideal for criminals. The biggest and most well-known type of cryptocurrency is Bitcoin, though there’s no stopping anyone from creating their own cryptocurrency. In recent years, there are more than 1,500 of them, with more on the way. Because cryptocurrency is just a series of numbers, and because numbers, despite all claims, can be infinite, there’s no shortage. Without certainty, but subject to animal spirits, the corresponding demand and value go up and down. Certainty arises when the two parties using it to buy and sell things agree on its value. So investment in Bitcoins or any other cryptocurrency is speculative at best. It only has value if people continue to want it and see it as valuable. The jury is still out. For all those who believe in crypto, that is fine. Go ahead and take down the Fed. But, for the rest of us, keep your guard up! Bitcoin isn’t a scam —whether it has value or is useful is for you to decide. But what is a scam is when some fraudster throws out a lot of technical jargon and makes cryptocurrency sound like some unconquerable wave of the future. They claim they have some special insight to forecast a huge rise in cybercurrency, that it will eventually be the currency. In other words, for all its futurity, it is just another age-old big pump-and-dump scheme. In December 2017, that’s what happened. Scammers intentionally pumped the value of Bitcoin so they could solicit investors, inflate the price up, then unload the ‘coins’ at a much higher value. And many small investors fell for it, dumping all their money into it. Dipping a toe in is one thing, but pouring all your money into one investment is rarely a good idea —even a commodity you can actually see and use and has value. More on this subject in the book, Scam-Proof Your Assets. In early 2017, Bitcoin’s prices went from under $1,000 to nearly $20,000 by the end of that same year. But then the market fell 80 percent, devastating investors who lost millions. That hasn’t stopped scammers from plaguing Facebook with Bitcoin ads promising riches to savvy investors. In January 2018, Facebook instituted a policy banning Bitcoin and other cryptocurrency ads, but then later it relaxed those rules, allowing pre-approved advertisers to use its platform for these purposes, priming the pump yet again for a surge in cryptocurrency. It bears repeating: Bitcoin and similar currencies have little, if any, actual intrinsic value, making it a prime target for crime. In fact, William H. Harris, Jr., founder of Personal Capital Corporation, a digital wealth management firm, reports that about 90 percent of all remote hacking is focused on Bitcoin theft by taking control of computers to mine their coins. In 2019, a Ukrainian firm scammed $70 million from elderly investors in Britain, Australia, and New Zealand. The company’s online ads featured interviews with celebrities such as Hugh Jackman and Gordon Ramsey who supposedly made a killing in crypto. High-pressure salesmen in Kiev promised extraordinary returns. And the money all went down a Ukrainian rabbit hole. “In what rational universe,” Harris writes, “could someone simply issue electronic scrip—or just announce that they intend to—and create, out of the blue, billions of dollars of value? It makes no sense.” As Keller points out, “I get the idea that some of these ‘Bitcoin funds’ actually own no, or very few, Bitcoins, but are simply the next wave of Ponzi schemes. It’s actually a Ponzi schemer’s dream: Something that most folks don’t understand, but are being led by media buzz to believe it is the next big thing … Note to file: Nothing that you don’t understand is likely to ever turn out well.” Scam-Proof Your Assets covers the many threats we face from cyber criminals. Everyone needs a guide book against deception.
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Scam-Proof Your Assets](https://www.corporatedirect.com/categories/asset-protection) # Is Bitcoin a Scam? Scam-Proof Your Assets By Garrett Sutton, Esq. Website: Last Updated: April 22, 2025 • 7 min read Share this post ![](https://cdn.prod.website-files.com/67658c4253d64efa860616eb/67c0df069903f2382ce7d345_is-bitcoin-a-scam.jpeg) Scam-Proof Your Assets: Guarding Against Widespread Deception, my newest Rich Dad Advisor book in several years, was released near the end of 2020. Cyber criminality is everywhere, costing people not only financial losses but emotional damage as well. You must be vigilant. To learn the protective strategies you need against the cyber onslaught you may purchase the book from the [RDA Press website](https://corporatedirect.com/resources/books/scam-proof-your-assets/). I couldn’t fit all of the scams into Scam-Proof Your Assets. So the following excerpt isn’t in the book but is important for you to know. While some frauds become harder to perpetrate due to better oversight, others become easier thanks to technology. One type of fraud that didn’t even exist just a few years ago is that involving cryptocurrency. To illustrate what this is, let’s establish right now that currency is something that at least two parties agree has value and constitutes a type of payment. It’s a unit of exchange. When they taught real economics you would learn this. If I hold a dollar bill out to you, you see that as valuable because you can use it to buy things. We agree it’s money, so it is. Each dollar bill has a serial number on it, so according to the Treasury Department, that serial number represents legal tender in the amount of a dollar. Well, in the case of cryptocurrency, a series of numbers—a sort of cryptography—represents an agreed-upon value. That series of numbers is currency, and it’s used to conduct transactions online. And like money, which the U.S. Treasury only produces a finite (albeit inflated) amount of, there is supposedly a finite amount of cryptocurrency. Promoters claim it is a finite amount but there is no intermediary—say the U.S. Treasury or a bank—to authenticate the value associated with that number. So in cyberspace it has value, but elsewhere, it’s a toss-up. You can’t go buy ice cream with it. Its price volatility is very high, making it unreliable. And it’s not a thing you can see or touch. It’s ideal for criminals. The biggest and most well-known type of cryptocurrency is Bitcoin, though there’s no stopping anyone from creating their own cryptocurrency. In recent years, there are more than 1,500 of them, with more on the way. Because cryptocurrency is just a series of numbers, and because numbers, despite all claims, can be infinite, there’s no shortage. Without certainty, but subject to animal spirits, the corresponding demand and value go up and down. Certainty arises when the two parties using it to buy and sell things agree on its value. So investment in Bitcoins or any other cryptocurrency is speculative at best. It only has value if people continue to want it and see it as valuable. The jury is still out. For all those who believe in crypto, that is fine. Go ahead and take down the Fed. But, for the rest of us, keep your guard up\! Bitcoin isn’t a scam—whether it has value or is useful is for you to decide. But what is a scam is when some fraudster throws out a lot of technical jargon and makes cryptocurrency sound like some unconquerable wave of the future. They claim they have some special insight to forecast a huge rise in cybercurrency, that it will eventually be the currency. In other words, for all its futurity, it is just another age-old big pump-and-dump scheme. In December 2017, that’s what happened. Scammers intentionally pumped the value of Bitcoin so they could solicit investors, inflate the price up, then unload the ‘coins’ at a much higher value. And many small investors fell for it, dumping all their money into it. Dipping a toe in is one thing, but pouring all your money into one investment is rarely a good idea—even a commodity you can actually see and use and has value. More on this subject in the book, Scam-Proof Your Assets. In early 2017, Bitcoin’s prices went from under \$1,000 to nearly \$20,000 by the end of that same year. But then the market fell 80 percent, devastating investors who lost millions. That hasn’t stopped scammers from plaguing Facebook with Bitcoin ads promising riches to savvy investors. In January 2018, Facebook instituted a policy banning Bitcoin and other cryptocurrency ads, but then later it relaxed those rules, allowing pre-approved advertisers to use its platform for these purposes, priming the pump yet again for a surge in cryptocurrency. It bears repeating: Bitcoin and similar currencies have little, if any, actual intrinsic value, making it a prime target for crime. In fact, William H. Harris, Jr., founder of Personal Capital Corporation, a digital wealth management firm, reports that about 90 percent of all remote hacking is focused on Bitcoin theft by taking control of computers to mine their coins. In 2019, a Ukrainian firm scammed \$70 million from elderly investors in Britain, Australia, and New Zealand. The company’s online ads featured interviews with celebrities such as Hugh Jackman and Gordon Ramsey who supposedly made a killing in crypto. High-pressure salesmen in Kiev promised extraordinary returns. And the money all went down a Ukrainian rabbit hole. > “In what rational universe,” Harris writes, “could someone simply issue electronic scrip—or just announce that they intend to—and create, out of the blue, billions of dollars of value? It makes no sense.” As Keller points out, “I get the idea that some of these ‘Bitcoin funds’ actually own no, or very few, Bitcoins, but are simply the next wave of Ponzi schemes. It’s actually a Ponzi schemer’s dream: Something that most folks don’t understand, but are being led by media buzz to believe it is the next big thing … Note to file: Nothing that you don’t understand is likely to ever turn out well.” #### Scam-Proof Your Assets covers the many threats we face from cyber criminals. Everyone needs a guide book against deception. ![Scam-Proof Your Assets](https://cdn.prod.website-files.com/67658c4253d64efa860616eb/67c0df069903f2382ce7d327_Scam-Proof-Your-Assets-Book_Cover1996-300x300.jpeg) Share this post [All](https://www.corporatedirect.com/categories/all) [Tax Compliance](https://www.corporatedirect.com/categories/tax-compliance) [Legal Compliance](https://www.corporatedirect.com/categories/legal-compliance) [Business Formation](https://www.corporatedirect.com/categories/business-formation) [Business Dissolution](https://www.corporatedirect.com/categories/business-dissolution) [Asset Protection](https://www.corporatedirect.com/categories/asset-protection) [![](https://cdn.prod.website-files.com/67658c4253d64efa860616eb/69baaf3a260969674869c650_Collaborative%20Workspace.webp)Asset Protection Can a C Corporation Buy a Residential Property? Key Considerations. 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Readable Markdown	Scam-Proof Your Assets: Guarding Against Widespread Deception, my newest Rich Dad Advisor book in several years, was released near the end of 2020. Cyber criminality is everywhere, costing people not only financial losses but emotional damage as well. You must be vigilant. To learn the protective strategies you need against the cyber onslaught you may purchase the book from the [RDA Press website](https://corporatedirect.com/resources/books/scam-proof-your-assets/). I couldn’t fit all of the scams into Scam-Proof Your Assets. So the following excerpt isn’t in the book but is important for you to know. While some frauds become harder to perpetrate due to better oversight, others become easier thanks to technology. One type of fraud that didn’t even exist just a few years ago is that involving cryptocurrency. To illustrate what this is, let’s establish right now that currency is something that at least two parties agree has value and constitutes a type of payment. It’s a unit of exchange. When they taught real economics you would learn this. If I hold a dollar bill out to you, you see that as valuable because you can use it to buy things. We agree it’s money, so it is. Each dollar bill has a serial number on it, so according to the Treasury Department, that serial number represents legal tender in the amount of a dollar. Well, in the case of cryptocurrency, a series of numbers—a sort of cryptography—represents an agreed-upon value. That series of numbers is currency, and it’s used to conduct transactions online. And like money, which the U.S. Treasury only produces a finite (albeit inflated) amount of, there is supposedly a finite amount of cryptocurrency. Promoters claim it is a finite amount but there is no intermediary—say the U.S. Treasury or a bank—to authenticate the value associated with that number. So in cyberspace it has value, but elsewhere, it’s a toss-up. You can’t go buy ice cream with it. Its price volatility is very high, making it unreliable. And it’s not a thing you can see or touch. It’s ideal for criminals. The biggest and most well-known type of cryptocurrency is Bitcoin, though there’s no stopping anyone from creating their own cryptocurrency. In recent years, there are more than 1,500 of them, with more on the way. Because cryptocurrency is just a series of numbers, and because numbers, despite all claims, can be infinite, there’s no shortage. Without certainty, but subject to animal spirits, the corresponding demand and value go up and down. Certainty arises when the two parties using it to buy and sell things agree on its value. So investment in Bitcoins or any other cryptocurrency is speculative at best. It only has value if people continue to want it and see it as valuable. The jury is still out. For all those who believe in crypto, that is fine. Go ahead and take down the Fed. But, for the rest of us, keep your guard up\! Bitcoin isn’t a scam—whether it has value or is useful is for you to decide. But what is a scam is when some fraudster throws out a lot of technical jargon and makes cryptocurrency sound like some unconquerable wave of the future. They claim they have some special insight to forecast a huge rise in cybercurrency, that it will eventually be the currency. In other words, for all its futurity, it is just another age-old big pump-and-dump scheme. In December 2017, that’s what happened. Scammers intentionally pumped the value of Bitcoin so they could solicit investors, inflate the price up, then unload the ‘coins’ at a much higher value. And many small investors fell for it, dumping all their money into it. Dipping a toe in is one thing, but pouring all your money into one investment is rarely a good idea—even a commodity you can actually see and use and has value. More on this subject in the book, Scam-Proof Your Assets. In early 2017, Bitcoin’s prices went from under \$1,000 to nearly \$20,000 by the end of that same year. But then the market fell 80 percent, devastating investors who lost millions. That hasn’t stopped scammers from plaguing Facebook with Bitcoin ads promising riches to savvy investors. In January 2018, Facebook instituted a policy banning Bitcoin and other cryptocurrency ads, but then later it relaxed those rules, allowing pre-approved advertisers to use its platform for these purposes, priming the pump yet again for a surge in cryptocurrency. It bears repeating: Bitcoin and similar currencies have little, if any, actual intrinsic value, making it a prime target for crime. In fact, William H. Harris, Jr., founder of Personal Capital Corporation, a digital wealth management firm, reports that about 90 percent of all remote hacking is focused on Bitcoin theft by taking control of computers to mine their coins. In 2019, a Ukrainian firm scammed \$70 million from elderly investors in Britain, Australia, and New Zealand. The company’s online ads featured interviews with celebrities such as Hugh Jackman and Gordon Ramsey who supposedly made a killing in crypto. High-pressure salesmen in Kiev promised extraordinary returns. And the money all went down a Ukrainian rabbit hole. > “In what rational universe,” Harris writes, “could someone simply issue electronic scrip—or just announce that they intend to—and create, out of the blue, billions of dollars of value? It makes no sense.” As Keller points out, “I get the idea that some of these ‘Bitcoin funds’ actually own no, or very few, Bitcoins, but are simply the next wave of Ponzi schemes. It’s actually a Ponzi schemer’s dream: Something that most folks don’t understand, but are being led by media buzz to believe it is the next big thing … Note to file: Nothing that you don’t understand is likely to ever turn out well.” #### Scam-Proof Your Assets covers the many threats we face from cyber criminals. Everyone needs a guide book against deception. ![Scam-Proof Your Assets](https://cdn.prod.website-files.com/67658c4253d64efa860616eb/67c0df069903f2382ce7d327_Scam-Proof-Your-Assets-Book_Cover1996-300x300.jpeg)
Shard	38 (laksa)
Root Hash	957682739269063438
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