Ownership of Bitcoin lottery still remains anonymous but transactions are public, hence, the dark web is in full connectivity, which was one of the early adapters of this mysterious currency. But, we can say, that Bitcoin is not a scam, it should rather be considered a revolution. Like, if we take an example of vicks, it is a famous cold balm, but some people consume it with breads and what not, so now vicks shouldn’t be a scam just because people are misusing it, that’s what Bitcoin is in the end.

The movement of setting up transactions!

The highest proportion of the people among them was of libertarian view and they believed in the idea that society would be happier with either no government or very less government. This formed a core for the CYPHERPUNK MOVEMENT.

This was a group of people who believed that with strong online privacy and cryptography they could re-architect the way people interact with each other. They felt that their interests and they, themselves are protected with much less intervention of the government.

But it is obviously known that Satoshi is a pseudo name, because of personal privacy reasons. He or they published a report which proposed peer to peer electronic cash system. Crypto Scientists, libertarians, hackers and traditional programmers adapted to it in no piece of time. The first Bitcoin was ‘ledgered’ on 3 January, 2009 and is called as the ‘Genesis Block’.

The final verdict:

At the same time, there are countries that have made laws that have made an absolute ban on the use of lottery systems for bitcoin. In some countries, the ban is issued with regard to the use of this bitcoin currency within the banking system, although it is legal for other financial situations.