I want to first point out that anyone who invests in something that is advertised as a "HYIP" is basically asking to have their money taken from them.
I also generally do not have a problem with HYIP/ponzi's as long as they are honest with what they do/what will ultimately happen.
The user:
Plutonium is the OP behind the
bitcoin-stocks.com thread in the gambling section. Users
michaeladair,
moreia and
TheGambler also appear to be promoting the HYIP however it is not as clear they are actively behind the HYIP, I feel they are however.
According to what Plutonium has posted about it's HYIP program it actively invests it's money in actual "revenue sources". See below quote snip:
--snip--
We offer sustainable, transparent and realistic plans that our investors can rely on!
--snip--
How does Bitcoin-Stocks Operate?
2. When coins are received, within 24 hours they are moved from the investment plan wallet to our main wallet (1Bmain1SWHZtauy94J7dBGKGdLxTeLbzmY) where all future transactions are conducted. This is where the action begins...Your coins are moved to all of our revenue sources and in the meantime, produce your interest and increased revenue for the site.
3. Once the revenue for your plan is successfully achieved, it is then sent back to the main wallet and a portion is moved to the Repayment Address (1RepayLCGmGM4nGqMXhYb31qzTkjiaYoz) where coins are then repayed to the address that you invested with.
[-snip]This however is clearly not true. I tried quizzing them on this last night and was only met with what I feel are clearly lies.
I received an anon tip off with information that the public addresses for this HYIP are directly connected to bitdice.me, since I cannot release the identity of the tipper I looked into what he provided me and I would agree with his conclusion. After I decided it was fruitless to continue to be met with lies from him, I decided to simply post the evidence and my commentary in their self moderated thread. It was deleted (big surprise). Below is what I wrote.
For the 3rd time there is no name of this service, it's just a private "someone" who offered the service for us earlier on in the program. The only reason we use it is for BTC to USD. IF it is traced to our bitcoin address, there isn't a problem. It's USD that needs to be fogged in case of that circumstance of illegally obtained bitcoins.
You are contradicting yourself. If your bitcoin can be traced to you then when you go to convert it to fiat it can still be traced back to you.
What is the same of this "someone" and why are you trusting them with other people's money? The risk of them running away with their money is not disclosed anywhere. You have also not answered my question as to why you are paying an above market rate for a service that can be done at a fraction of what you are paying for essentially none of the risk.
Also if you are using a "someone" then they will not be able to effectively mix your bitcoin unless they are mixing bitcoin for a large number of other customers as well.
Both Moreia and Michlandar had deleted most of their posts supporting the site, however they forgot to delete the "vouch" that moreia had left:
michaeladair has supported the site on several occasions.
Oh and bitcointalk account hacker Spodermen was active there as well.
I'm interested in investing though im curious, where can we say you have the balance to pay us? The repayment address only has .03BTC in it.
Thanks
It gets transferred over from various sources back into there then it gets sent out to repay people. That's what I believe is happening... because you can see that money keeps going into it at about the same time that payouts are made.
Thats correct.
All of our main activity can be tracked at our central address. All plan funds and transfers to the repayment address occur here:
1Bmain1SWHZtauy94J7dBGKGdLxTeLbzmY.
If you have any other questions feel free to post!
Woah, that's a lot larger balance than your repayment address lol...
I'll be sure to keep an eye on its growth, hope to see more payment proofs and investments soon so I can join in on the fun
Thanks!
I will let the community decide if Moreia, michaeladair, spodermen and TheGambler are actually behind the site, but again, I think they are