A friendly warning: the SEC is all over these boards. Don't break any laws.

1aguar

full member

Activity: 210

Merit: 100

On BANX.io, I found this gem:

Quote

All trades to and from markets that benefit Banx Capital LLC., partners or otherwise are non-coerced donations to a for profit company and should be treated as such.

So, it is OK to run a company, as long as you are just "accepting donations". After all, bitcoin is mostly used for charity; right? Wink

DiamondCardz

legendary

Activity: 1134

Merit: 1118

Quote from: Soros Shorts on October 26, 2015, 12:52:44 AM

Quote from: DiamondCardz on October 25, 2015, 05:34:26 AM

Funny thing is, BS&T was used by a whole bunch of people and was considered really trusted. Shows how easily people get sucked into that stuff, and even now you see the same old ponzi sites pop up, get a decent amount of deposits, pay out for a couple weeks, and then vanish with a bunch of profit.

I think a lot of people took it as a game back then. That was the era when plenty of people had hundreds or even thousands of BTC obtained at low cost and they were just throwing them around not caring too much if they lost it to a scam or ponzi.

That's true. He still did make off with a ridiculous amount of money, even at the time though. I doubt that would happen today on Bitcointalk, but plenty of obvious ponzis come and scam for much smaller amounts all the time, so you never know if it could happen again or not...

Soros Shorts

donator

Activity: 1617

Merit: 1012

Quote from: DiamondCardz on October 25, 2015, 05:34:26 AM

Funny thing is, BS&T was used by a whole bunch of people and was considered really trusted. Shows how easily people get sucked into that stuff, and even now you see the same old ponzi sites pop up, get a decent amount of deposits, pay out for a couple weeks, and then vanish with a bunch of profit.

I think a lot of people took it as a game back then. That was the era when plenty of people had hundreds or even thousands of BTC obtained at low cost and they were just throwing them around not caring too much if they lost it to a scam or ponzi.

eternalgloom

legendary

Activity: 1792

Merit: 1283

Anything that prevents people from posting ponzi's here is positive.

maokoto

hero member

Activity: 770

Merit: 500

✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

It is true that one needs to be careful about this. You start by buying and investing, then you try trading, then begin to think about creating your own coin with no real purpose other than to make money... or to lend money to others for "investing".

The advice given by OP is good. Keep your senses and not go illegal.

silverleafy

sr. member

Activity: 538

Merit: 250

So what exactly would Law Enforcement be looking for on this forum? Besides the obvious ponzi's and illegal goods, what else would they look for that under some technicality is also illegal?

visual111

hero member

Activity: 493

Merit: 500

this is uncharted territory indeed, especially when you start to get into crypto assets and things of that nature.

Meuh6879

legendary

Activity: 1512

Merit: 1012

Quote from: cjmoles on October 25, 2015, 07:46:07 PM

SEC or NSA, catch this guy and put him in MY cell please: https://bitcointalksearch.org/topic/ann-mercurial-mci-linking-crypto-currencies-1158117

cjmoles

legendary

Activity: 1176

Merit: 1017

Well, I hope they catch this guy and put in my cell! I wont let him put his soap on a rope! SEC or NSA, catch this guy and put him in MY cell please: https://bitcointalksearch.org/topic/ann-mercurial-mci-linking-crypto-currencies-1158117

DiamondCardz

legendary

Activity: 1134

Merit: 1118

Funny thing is, BS&T was used by a whole bunch of people and was considered really trusted. Shows how easily people get sucked into that stuff, and even now you see the same old ponzi sites pop up, get a decent amount of deposits, pay out for a couple weeks, and then vanish with a bunch of profit.

NorrisK

legendary

Activity: 1946

Merit: 1007

Anybody can and should realize that in public, non invite forums or other platform, everything you share or post is public.

Just follow the rules and you have no problems at all.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

"Calling his scheme Bitcoin Savings and Trust (BTCST), Shavers promised a 7% return per week to potential investors."

Roll Eyes

designerusa

legendary

Activity: 2310

Merit: 1028

These type of schemes will always continue to hunt people because human psychology is so weak against it.
Just make them feel they invest and they earn. That's enough. Bitcoin is only tool.

eyeknock

sr. member

Activity: 381

Merit: 250

Quote from: spartacusrex on October 23, 2015, 04:31:25 AM

hmm.. Where's the 'Ponzi' bit ?

i will tell you where is the ponzi here, on his minds... only on his minds.

also i will tell you what's his intentions, to take money in any way from this chicken, thats all they want.

Quote from: gentlemand on October 23, 2015, 05:50:42 AM

They have rather more important things to do with their time.

nah, they are doing exactly what they need, find victims and sucking his blood...

hunnaryb

hero member

Activity: 506

Merit: 500

The internet still has lots of illicit behaviour and Bitcoin will likely be the same. It'll be a cat and mouse game.

Melds

full member

Activity: 205

Merit: 100

Investor / Trader / Analyst

Bitcoin goes through teething issues just like any new technology.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

SEC and NSA are all over everything, not just over Bitcoin. The US has ceased to be a land of free long time ago. Thanks God I live in Europe where just yesterday we got a beautiful present from the EU government and not like from the US government, regulation, regulation and making it harder for technology to strive.

And yes, don't do anything you wouldn't do in a real life here, especially if you are from the USA.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: spartacusrex on October 23, 2015, 04:31:25 AM

hmm.. Where's the 'Ponzi' bit ?

Er, do you think he was faithfully tending those coins for his beloved customers?

And I don't think the SEC gives the remotest fuck. They have rather more important things to do with their time.

aakashsangwan

hero member

Activity: 994

Merit: 1000

PUGG.io

thanks for the reminder , but i am from india , and here still their is no law for bitcoin, but they still think bitcoin as a route of payment for silkroutes, so it is ilegal and so gouvernment are taking steps to collect information on bitcoin users.

Amph

legendary

Activity: 3248

Merit: 1070

well their legislation can not do shit to european or other country, and this is more true in countries were bitcoin is no where near regulated or free to use and not banned

i hate when the usa citizens speak about their rules like they are applyed to anyone

Topic: A friendly warning: the SEC is all over these boards. Don't break any laws. (Read 3012 times)