There are a lot of scams on the web, but you don't blame the HTTP protocol. There are a lot of email scams, but you don't blame SMTP. Sad to see the dominant view of this community is against any type of cryptocurrency.
What contributed the most to kill their business is that now Google displays lyric results inline. Your are in great risk if Google can just replace your business by displaying it inline when people are searching.
This technique is also used by debt collectors. They sue and most often people ignore a court action. This causes a default judgment against you. This will give them a power to garnish your wages, place lien against your property and even freeze your bank account.