The trust of the matter here is that there is no criteria for calling these sites a scam. Anything these self-entitled cryptodevil wannabes feel like putting down they do. Now it's true that some of these sites indeed are trying to scam users, but that's not true of all the sites on the list. They have also been very particular not to answer the simple yes/no questions regarding this topic. There really is no motivation for them to keep doing this unless perhaps they are secretly running a scam. Please just keep in mind that not all ponzis are scams.
What are these sites that are not scam?
The trust of the matter here is that there is no criteria for calling these sites a scam. Anything these self-entitled cryptodevil wannabes ...
Do not talk nonsense, no one here is pulling bag on the other, we are contributing to make biticoin into something better
better read this
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We want Bitcoin & The Blockchain to be a successful evolution in the way we trade, bank and exchange contracts, and so we aren't going to let a load of scammers and cheap thieves endanger this movement. Bitcoin, simply put, is a store of value, however, the blockchain it is carried on changes everything.
Start learning about it safely.
The Badbitcoin project was launched in Feb 2014. "The Badbitcoin Team" is made up of volunteers worldwide, and we welcome new contributors and sponsors.
Start learning about it safely.
The Badbitcoin project was launched in Feb 2014. "The Badbitcoin Team" is made up of volunteers worldwide, and we welcome new contributors and sponsors.
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What is a Ponzi or HYIP?
A Ponzi is any scheme which pays interest to "Investors" from Bitcoin coming in from new Investors. A HYIP (high yield investment program) is just a Ponzi. All Ponzi/Hyips will fail The later Investors will lose everything when the scheme folds and leaves with the Bitcoin. Most HYIPS just steal it immediately - Due diligence is your own responsibility.
There are plenty of good sites out there where your Bitcoin and your work are safe. You just need to do your homework, including checking here. If it isn't in our Badlist, email us, and we'll check it and get back to you.
Here’s the psychology behind the typical ponzi’s & HYIP's run by the “professional” scammers. They know most people will do this.
You deposit a small amount, you want to be cautious, you can’t quite figure out how they do this – but they sometimes double it (or pay promised interest) and pay you. Many pay a few
You think – Ah that’s great, so you either redeposit the entire amount, or just your profit. You get that back and think wow, it works, so you deposit a much larger amount and in the worst case, even get your friends involved in this wonderful money making scheme.
Then one day it doesn’t get returned – there is some issue with your account, or your withdrawal is stuck or something similar, so you keep emailing the site and gradually it dawns on you that you’ve been scammed.
Even if you just put your initial profit back in, the conman hasn’t lost anything – and the depositors who think they are ‘playing’ the ponzi do try that, and most of them don’t get it back either.
Some people empty their savings into these scams, and they are the ones the scammers are really after. Once they get that big depositor, they move on and create a new ponzi, just leaving the old one alive for a while to mop up any new ‘mugs’ Some even return after a 3 or 6 month absence to catch a fresh load of hits, they will never run out of victims. It’s what they do, and they are expert at it.
A Ponzi is any scheme which pays interest to "Investors" from Bitcoin coming in from new Investors. A HYIP (high yield investment program) is just a Ponzi. All Ponzi/Hyips will fail The later Investors will lose everything when the scheme folds and leaves with the Bitcoin. Most HYIPS just steal it immediately - Due diligence is your own responsibility.
There are plenty of good sites out there where your Bitcoin and your work are safe. You just need to do your homework, including checking here. If it isn't in our Badlist, email us, and we'll check it and get back to you.
Here’s the psychology behind the typical ponzi’s & HYIP's run by the “professional” scammers. They know most people will do this.
You deposit a small amount, you want to be cautious, you can’t quite figure out how they do this – but they sometimes double it (or pay promised interest) and pay you. Many pay a few
You think – Ah that’s great, so you either redeposit the entire amount, or just your profit. You get that back and think wow, it works, so you deposit a much larger amount and in the worst case, even get your friends involved in this wonderful money making scheme.
Then one day it doesn’t get returned – there is some issue with your account, or your withdrawal is stuck or something similar, so you keep emailing the site and gradually it dawns on you that you’ve been scammed.
Even if you just put your initial profit back in, the conman hasn’t lost anything – and the depositors who think they are ‘playing’ the ponzi do try that, and most of them don’t get it back either.
Some people empty their savings into these scams, and they are the ones the scammers are really after. Once they get that big depositor, they move on and create a new ponzi, just leaving the old one alive for a while to mop up any new ‘mugs’ Some even return after a 3 or 6 month absence to catch a fresh load of hits, they will never run out of victims. It’s what they do, and they are expert at it.
http://www.badbitcoin.org/
