Trackable transactions don’t save you from scams iStock/Getty
Everyone and their dog seems to be investing in bitcoin, but buyers beware: there are plenty of pitfalls. As well as holding your nerve as the value of the cryptocurrency rockets and plummets, potential investors have to be wary of hacks, Ponzi schemes and confidence tricks.
Marie Vasek at the University of New Mexico, and Tyler Moore at the University of Tulsa, Oklahoma, have quantified just how many bitcoin schemes are scamming users.
Alarmingly, between June 2011 and November 2016 there was a new scam nearly once a day. Vasek and Moore…
