I understand your situation however it they make Ponzi schemes illegal then won't that make gambling illegall all together?
Both situations the person is gambling and might lose money.
Topic: [FOR ADMINS] An Open Letter to Bitcointalk.org Admins Regarding Ponzi Schemes - page 3. (Read 3337 times)
January 24, 2015, 04:25:44 AM
January 24, 2015, 04:09:37 AM
A lot of people have raised this issue on bitcointalk. At the end, I think it all comes down to a point when people stop investing in these ponzis and they stop happening because owners get bored now.
January 24, 2015, 03:50:24 AM
An Open Letter to the Administrators of Bitcointalk.org,
As everyone is well aware - this particular board has recently become littered with advertisements for 'Ponzi Schemes', which I can't but think is not a positive thing for this forum, the bitcointalk community, or the digital currency industry as a whole.
Bitcointalk.org has certainly established itself as a leading source for the discussion, collaboration, and innovation within the digital currency arena. I have learned a great deal here, and I applaud theymos, ckolivas, malevolent, and the other admins of this site for creating this community and working so hard to keep it running and growing.
With that said; I find it disheartening, yet not surprising, that these posts have begun to spark up like wildfire, very similar to the Alt-coin Rush of 2014. Let's not forget how many of those very Alt-coins which were promoted here turned out to be scams in and of themselves.
While I am all for freedom of speech and expression, and I certainly am not a fan of censorship, I feel that clearly advertising 'Ponzis' on this forum, and this being tolerated, cannot be good for the Bitcointalk community in the long run.
We can all agree - Bitcoin and crytpo-currencies have had enough of bad press, and it is only a matter of time before a spotlight get's thrown on this particular aspect of how bitcoins can be used for nefarious purposes, or at the very least these posts will be used as additional ammunition by the anti-bitcoin groups to further push Bitcoin down.
A Ponzi scheme by definition, is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. Taken from Wikipedia.org
So the question I ask is do these advertisements, clearly and openly advertising ponzi schemes, have a place here? If so, where will the line be drawn? Will users openly be able to post ads for narcotics, or other illegal items such as weapons for sale in the Marketplace?
Again, I don't think this comes down to censorship. Users of Bitcoin can use their bitcoins to buy whatever they please as long as it doesn't harm other people. But Ponzi's are designed in nature to harm other people. To steal their money. To defraud investors.
With that said, I am respectfully asking that this issue be considered by the Bitcointalk staff and owners; and for thought to be given as to whether these types of services and programs should really have a home here in the Gambling section of Bitcointalk.org.
I certainly welcome comments and thoughts on this issue.
Strato
As everyone is well aware - this particular board has recently become littered with advertisements for 'Ponzi Schemes', which I can't but think is not a positive thing for this forum, the bitcointalk community, or the digital currency industry as a whole.
Bitcointalk.org has certainly established itself as a leading source for the discussion, collaboration, and innovation within the digital currency arena. I have learned a great deal here, and I applaud theymos, ckolivas, malevolent, and the other admins of this site for creating this community and working so hard to keep it running and growing.
With that said; I find it disheartening, yet not surprising, that these posts have begun to spark up like wildfire, very similar to the Alt-coin Rush of 2014. Let's not forget how many of those very Alt-coins which were promoted here turned out to be scams in and of themselves.
While I am all for freedom of speech and expression, and I certainly am not a fan of censorship, I feel that clearly advertising 'Ponzis' on this forum, and this being tolerated, cannot be good for the Bitcointalk community in the long run.
We can all agree - Bitcoin and crytpo-currencies have had enough of bad press, and it is only a matter of time before a spotlight get's thrown on this particular aspect of how bitcoins can be used for nefarious purposes, or at the very least these posts will be used as additional ammunition by the anti-bitcoin groups to further push Bitcoin down.
A Ponzi scheme by definition, is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. Taken from Wikipedia.org
So the question I ask is do these advertisements, clearly and openly advertising ponzi schemes, have a place here? If so, where will the line be drawn? Will users openly be able to post ads for narcotics, or other illegal items such as weapons for sale in the Marketplace?
Again, I don't think this comes down to censorship. Users of Bitcoin can use their bitcoins to buy whatever they please as long as it doesn't harm other people. But Ponzi's are designed in nature to harm other people. To steal their money. To defraud investors.
With that said, I am respectfully asking that this issue be considered by the Bitcointalk staff and owners; and for thought to be given as to whether these types of services and programs should really have a home here in the Gambling section of Bitcointalk.org.
I certainly welcome comments and thoughts on this issue.
Strato
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