30 Jan '15, 3pm

#bitcoin 'Lower Bitcoin Prices are More in Favor for Bad Actors and Ponzi Schemes’: Genesis ... @CoinTelegraph

Unfortunately lower Bitcoin prices are more in favor for bad actors and ponzi schemes since they are not really mining in the back and therefore don't have to cover any electricity and maintenance costs to run the machines. However, we are engaging a lot to protect the market from bad actors and want to build a validation system that helps especially newer and uneducated people to stay away from these. It is not only important for the affected customers, it is also important for the whole industry who would suffer from bad reputation that wrong business would bring to the market.

Full article: http://cointelegraph.com/news/113399/lower-bitcoin-prices...

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