Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoinโs creator, Satoshi Nakamoto, originally described the need for โan electronic payment system based on cryptographic proof instead of trust.โ Each and every Bitcoin transaction thatโs ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake. Thatโs by design: Core to their decentralized nature, Bitcoins arenโt backed by the government or any issuing institution, and thereโs nothing to guarantee their value besides the proof baked in the heart of the system. โThe reason why itโs worth money is simply because we, as people, decided it has valueโsame as gold,โ says Anton Mozgovoy, co-founder & CEO of digital financial service company Holyheld.
Dump Scam in Leaked Telegram Chat
A leaked Telegram discussion by 50 so-called crypto influencers has exposed the extraordinary steps they take in order to profit on the back off unsuspecting defi investors. According to a leaked screenshot of the chat, an elaborate plan to defraud defi investors using the worthless โ$Fewโ tokens had been hatched. $Few tokens would be airdropped to some of the influencers who in turn promoted these to unsuspecting followers on Twitter.
