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Topic: Fucking Ponzi's and the idiots that buy into them + List of Shills - page 12. (Read 15364 times)

hero member
Activity: 672
Merit: 500
If you look at the people playing, it's probably 95% or more newbies.  They'll learn.  It may be the hard way but sometimes it's the only way. 
member
Activity: 98
Merit: 10
Mem, you really need to accept these bitcoin ponzis are not a scam (most of them at least)

You really need to face reality!  A Ponzi is inherently a scam, and if it isn't, it's something other than a Ponzi.

It's utter lunacy to defend this crap.  Do you think shit like this makes Bitcoin look good?

But its not a ponzi, its a ponzi STYLE game.

Everyone knows it is before risking their btc so who cares how it works or what its called?

People are gambling their btc to make profit. There will be winners + losers like with all gambling.
legendary
Activity: 1176
Merit: 1005
Mem, you really need to accept these bitcoin ponzis are not a scam (most of them at least)

You really need to face reality!  A Ponzi is inherently a scam, and if it isn't, it's something other than a Ponzi.

It's utter lunacy to defend this crap.  Do you think shit like this makes Bitcoin look good?
hero member
Activity: 574
Merit: 500
People please avoid ponzi's like the plague.

Here is the very simple description of a ponzi:

a) Idiot hands over money to con artist.  
b) con artist pays (for example) 1% interest weekly on your investment.  
c) idiot decides he wants to compound his investment so interest is never collected.
d) Ponzi operator runs off with funds when investors ask for withdrawals.

Or the Other Method:

c) not quite an idiot collects 1% interest a week and tells everyone how great it is.
d) The ponzi operator can do 100 weeks of payouts before running into trouble, they usually will stop when they stop getting new investors.

Now I know there are many people that make the following claim: The trick is to get in and out early. and they are one of the 3 types:

1) shills - they never invested anything but claim they did and that the payments WERE FABULOUS.  
2) idiots who think they will be  the first in and out.
3) idiots who were lucky enough to actually be 1 of the first in and out. Its the same as leaving your wallet/phone/camera with a random stranger on the corner of the street - yes sometimes they are honest but guess what, its terrible advice to give anyone and to claim success at doing so is just encouraging other idiots to invest.

Finally:

Ponzi's and pyramids are not gambling its a way to syphon money from idiots.  
These long running pyramids...... you will find out all the success stories are sockpuppets of 1-2 people right at the top.

PS: Friends dont let friends order from BFL.
Erm, the sites are labeled as a ponzi scheme, they aren't lying. All it is is another bitcoin gambling game, just like satoshi dice, you may win, or lose, but the person USUALY does not run away with the money

AGREED.
member
Activity: 98
Merit: 10
People please avoid ponzi's like the plague.

Here is the very simple description of a ponzi:

a) Idiot hands over money to con artist.  
b) con artist pays (for example) 1% interest weekly on your investment.  
c) idiot decides he wants to compound his investment so interest is never collected.
d) Ponzi operator runs off with funds when investors ask for withdrawals.

Or the Other Method:

c) not quite an idiot collects 1% interest a week and tells everyone how great it is.
d) The ponzi operator can do 100 weeks of payouts before running into trouble, they usually will stop when they stop getting new investors.

Now I know there are many people that make the following claim: The trick is to get in and out early. and they are one of the 3 types:

1) shills - they never invested anything but claim they did and that the payments WERE FABULOUS.  
2) idiots who think they will be  the first in and out.
3) idiots who were lucky enough to actually be 1 of the first in and out. Its the same as leaving your wallet/phone/camera with a random stranger on the corner of the street - yes sometimes they are honest but guess what, its terrible advice to give anyone and to claim success at doing so is just encouraging other idiots to invest.

Finally:

Ponzi's and pyramids are not gambling its a way to syphon money from idiots.  
These long running pyramids...... you will find out all the success stories are sockpuppets of 1-2 people right at the top.

PS: Friends dont let friends order from BFL.
Erm, the sites are labeled as a ponzi scheme, they aren't lying. All it is is another bitcoin gambling game, just like satoshi dice, you may win, or lose, but the person USUALY does not run away with the money

+1

Mem, you really need to accept these bitcoin ponzis are not a scam (most of them at least)

Everyone knows this is a gambling forum and as with all gambling, returns are not guaranteed.

You seem to have it set in your head everyone running these ponzis is a scammer and everyone is having their btc stolen. The fact is a large amount of people have made money from them, and most of those who lost have no regrets as they knew what they were investing in. We are all adults and don't need people to try hold our hands.

If you are really interested in protecting people from scams, perhaps check your gambling thread, I have made a useful post there.
hero member
Activity: 588
Merit: 500
Get ready for PrimeDice Sig Campaign!
People please avoid ponzi's like the plague.

Here is the very simple description of a ponzi:

a) Idiot hands over money to con artist.  
b) con artist pays (for example) 1% interest weekly on your investment.  
c) idiot decides he wants to compound his investment so interest is never collected.
d) Ponzi operator runs off with funds when investors ask for withdrawals.

Or the Other Method:

c) not quite an idiot collects 1% interest a week and tells everyone how great it is.
d) The ponzi operator can do 100 weeks of payouts before running into trouble, they usually will stop when they stop getting new investors.

Now I know there are many people that make the following claim: The trick is to get in and out early. and they are one of the 3 types:

1) shills - they never invested anything but claim they did and that the payments WERE FABULOUS.  
2) idiots who think they will be  the first in and out.
3) idiots who were lucky enough to actually be 1 of the first in and out. Its the same as leaving your wallet/phone/camera with a random stranger on the corner of the street - yes sometimes they are honest but guess what, its terrible advice to give anyone and to claim success at doing so is just encouraging other idiots to invest.

Finally:

Ponzi's and pyramids are not gambling its a way to syphon money from idiots.  
These long running pyramids...... you will find out all the success stories are sockpuppets of 1-2 people right at the top.

PS: Friends dont let friends order from BFL.
Erm, the sites are labeled as a ponzi scheme, they aren't lying. All it is is another bitcoin gambling game, just like satoshi dice, you may win, or lose, but the person USUALY does not run away with the money
full member
Activity: 224
Merit: 101
and more

It's allowed cause it is, it's not up to you to decide. If someone posts something racist here, does that mean the forum staff promotes it? No.
Anyways, updates about the issue is discussed here https://bitcointalksearch.org/topic/m.5657950, and we'll post likely see a new forum section soon.

Quit whining already.

Quite the hypocrite arent you.

Ponzis == free speech
complaining about scams = STFU AND STOP WHINING.

Shill identified.
Not saying you're not allowed to whine like a b*tch, but do it in the same
thread and keep yourself up to date on whatever is happening. Free speech
is one thing but being upright annoying is another.
mem
hero member
Activity: 644
Merit: 501
Herp Derp PTY LTD
and more

It's allowed cause it is, it's not up to you to decide. If someone posts something racist here, does that mean the forum staff promotes it? No.
Anyways, updates about the issue is discussed here https://bitcointalksearch.org/topic/m.5657950, and we'll post likely see a new forum section soon.

Quit whining already.

Quite the hypocrite arent you.

Ponzis == free speech
complaining about scams = STFU AND STOP WHINING.

Shill identified.
mem
hero member
Activity: 644
Merit: 501
Herp Derp PTY LTD
post was getting a bit long, cont:

I think it's interesting that most people hanging around here are so liberal when it comes to weapon and drug trade but get all christy when it's about Ponzi schemes, because they're soooo illegal. I'm not defending ponzis, but to be honest if you can't handle it, turn off your computer, and you won't be exposed to it, I promise.

..., ok excuse me but I have to say something rather rude at this point.

YOU ARE A FUCKING IDIOT, IDIOTS EVERYWHERE NOW FEEL BETTER ABOUT THEMSELVES BECAUSE OF YOUR EPIC DISPLAY.

OK, that was unprofessional of me Tongue

Here is my counter to your "argument":
On Silkroad, sellers of fake drugs would receive bad ratings and that would be the end of their business.
The buyer knows what he is buying and the seller knows his next sale depends on his last N sales feedback.
Both parties are entering into this agreement with realistic expectations.

Oh wait, I just realized your trying to say that anyone that uses drugs is as bad as a ponzi operator.........
In case you are not aware, the argument you are using is the very same mentality and arguments NAMBLA use. have a good long think about that and get back to me.

edit: adding more replies:

A pain in gambling for you perhaps. But you're not the only person who uses this forum and neither are the others who posted in this thread agreeing with you. If you don't like them why not just skip past the thread? All of them have ponzi in the title so its easy to do so.

Gambling != Scam.

Allow me to treat you like the shill &/ idiot you are.  
I endorse unprotected sex (feels good man), you attempt extend my statement to defend rapists by saying "rape is fine its just unprotected sex, if you dont like it just keep walking".

what are some cons to moving ponzi's to their own subsection?

The biggest con is for the ponzi operators, they will be fighting against a sea of shills and no person in their right mind would head to a ponzi section of a forum.

I think its sad we are actually suggesting a ponzi section instead of using the ban hammer unmercifully on scam artists.

Ran out of arguments - jumped to personal insults. Classic.

Indulge me everyone and keep the personal insults to "idiot" Wink

Yes, the main issue isn't really one of the morality or legality of Ponzis, but the fact they're off-topic in this forum and should be moved to a relevant forum, preferably some shit-pit toilet where they can swim in turds, choke on them and die.

Whoops, got emotional there at the end.

I admire your passion and fully agree with the sentiment Smiley

What blows my mind every time i visit the gambling section why they allow a flood of ponzi sites to clutter the first page.  Why would they even allow people to promote SCAMS on their forum?  I really do not understand this at all.

To me it seems like everyday there are more and more of these ridiculous ponzi scams.  It becomes brutal to swift through them all so you can find a thread worth reading.

Its makes me question whether the mods are in on these ponzi schemes to allow a blatant scam to be promoted.

Ponzis are not gambling they are a SCAM they will always be a SCAM how can you allow con artist and liars promote SCAMS?!?!?

Indeed, you moderate a gambling sub forum and allow nothing but scams to clutter the first page, your either:

  • A terrible mod
  • Corrupt
  • Theymo's little bitch - you get your mod status as long as you dont fuck with the revenue stream
mem
hero member
Activity: 644
Merit: 501
Herp Derp PTY LTD
mods, i know this is bad form but please sticky this.  and then force ponzi's to go off into another subthread of their own.

Mem, well said.  i hope people will listen to this, but knowing people, easy money is just too good to pass up.

I think they belong under an "active scams" sub forum, then let the idiots go nuts.

Why do you feel the need to call everyone an idiot? People can think for themselves, stop thinking you're smarter.

We all know this is the gambling forum and there's a chance we won't get our money back if we put money into a ponzi.

Hello IDIOT
Yes I know, it does not help get my point across to point out just how fucking stupid the people that buy into these things are.

But as to why, well frankly those that participate are............what is  the PC word for idiots, someone help me out here, Gullible ?.

edit: gonna shove in all my replies here:

People can think for themselves, stop thinking you're smarter.


What?  If people can think for themselves, then it's entirely possible that the OP is smarter then them.

You know what I mean.

My opinion is OP is someone who's very into gambling, is annoyed he missed out on some of these ponzi's so has a personal vendetta against them and those who take part, simply because of his own choice (hence all the name calling)

LOL but no, Ive been kicking around longer than most but nice try there.

Im pretty concerned though, if all you have understood so far is that "I missed out on these ponzis" then you are definitely an idiot and fail to grasp how ponzi's are different to gambling games.

mem, I'm with you in this fight.  they have simply been allowed to take over.  spirit of marketplace/gambling, destroyed in a scammy ball of bitcoin dust.  I feel it too my man.  

Hi Micon, great to see you are still active in these parts, Im long over due to login to seals and have a game btw Smiley

My honest concern is that this forum is moderately corrupted, I remember strongly arguing with theymos about outing Pirate@40 only to have some then famous shills come out of the woodwork to derail the topic.
Theymos made the arguments (paraphrasing) that he can host advertisements for anyone and if people are to stupid not to see a scam for a scam then its their own fault and of course the.... forum needs money !!! (lol).

I enjoyed a description of the 3 types of people who get in and out early

Thanks, we have some that still rear their ugly mugs on bitcointalk last time I was here.  
Honestly, take last years bitcoin conference talkers and about 1/2 of them end up being this years scammers.

Guys, we're having a discussion with a global mod over in "meta" if you'd like to contribute regarding the ponzi epidemic.

Sweet, link please.

Besides being completely illegal in some countries and extremely deceptive, ponzis have overtaken the gambling section.

https://bitcointalk.org/index.php?topic=494662.80

I posted a topic in Meta about this to hopefully create a sub-board for these types of pyramid scams.

Maybe if enough people post in the thread, it will create pressure to create another board.

agreed, this place is currently a wasteland of scams, its a disgrace it was let run this far.

Besides being completely illegal in some countries and extremely deceptive, ponzis have overtaken the gambling section.

https://bitcointalk.org/index.php?topic=494662.80

I posted a topic in Meta about this to hopefully create a sub-board for these types of pyramid scams.

Maybe if enough people post in the thread, it will create pressure to create another board.

The admins have already ruled that ponzi's with their own website are perfectly fine for this section.  I don't know how to convince them otherwise, as several of us have made very convincing arguments about how they violate the spirit if not the letter of the "gambling" forum.  

Well Theymos is most certainly imho corrupt, he took part in advertising for Pirate@40 with people like myself going to great lengths to explain to him that this is not just wrong, its fucking illegal - to which he goes "dont care, Its my forum, also why havent you donated yet".

I don't think that the ponzi games here actually fit into the law book definition of ponzi. Most games show all transactions and it's part of the game that new payments can stop at any time (and it's also obviously possible for the person that runs the ponzi to deposit themsevels in the beginning.) Non of this is hidden.

Its a bloody ponzi, not gambling and highly illegal in most countries.

Well then how about making threats to the site ADmin, if they dont get rid or move them we can actully report the site for hosting illegal games.  They can lose there Hosting and they will have no choice to listen to us.  What do ya think?

Please, no threats - its not how you go about lasting change.

The issue is that these sites and their operators are anonymous, they pay bitcointalk and other advertisers without any morales (again taking a stab @ theymos) to help promote their scam. Once it is discovered they register a new domain, make a new bitcointalk account and pay bribe theymos to promote their scam advertisement.


Ponzis are only illegal because they try to masquerade themselves as a genuine investment. Why is that so hard for people to understand? When everything is out in the open its nothing more than a game (unless the operator runs away, but anyone who handles other peoples money can do that)

If you're talking about the sites such as leancy, then you're going to have to prove they're a ponzi if you want to get anywhere.
This is true, there would be nothing illegal about it if they were honest, "send money and we might send it back, or not, or do whatever we want with it".

Very well said, I got a good chuckle out of that.
The mental backflips some people do to explain their idiotic investment or defend their scams is hilarious.
hero member
Activity: 742
Merit: 502
Circa 2010
Lol, someone is obviously upset cause he's embarrassed about a horrible comparison and his pathetic rants about his first world problems.
Ran out of arguments - jumped to personal insults. Classic.

I'm sorry if you were insulted, sometimes the truth is painful  Wink  I see no value in arguing with you - as you are completely stubborn in your view and utterly hypocritical. 
sr. member
Activity: 364
Merit: 250
What blows my mind every time i visit the gambling section why they allow a flood of ponzi sites to clutter the first page.  Why would they even allow people to promote SCAMS on their forum?  I really do not understand this at all.

To me it seems like everyday there are more and more of these ridiculous ponzi scams.  It becomes brutal to swift through them all so you can find a thread worth reading.

Its makes me question whether the mods are in on these ponzi schemes to allow a blatant scam to be promoted.

Ponzis are not gambling they are a SCAM they will always be a SCAM how can you allow con artist and liars promote SCAMS?!?!?
It's allowed cause it is, it's not up to you to decide. If someone posts something racist here, does that mean the forum staff promotes it? No.
Anyways, updates about the issue is discussed here https://bitcointalksearch.org/topic/m.5657950, and we'll post likely see a new forum section soon.

Quit whining already.

I remembered you showed up when these ponzis started appearing.
newbie
Activity: 14
Merit: 0
After reading some of the posts on this thread, I don't think that everyone quite understands what a ponzi scheme is. Here is Wikipedia's definition of a Ponzi Scheme http://en.wikipedia.org/wiki/Ponzi_scheme
full member
Activity: 224
Merit: 101
What blows my mind every time i visit the gambling section why they allow a flood of ponzi sites to clutter the first page.  Why would they even allow people to promote SCAMS on their forum?  I really do not understand this at all.

To me it seems like everyday there are more and more of these ridiculous ponzi scams.  It becomes brutal to swift through them all so you can find a thread worth reading.

Its makes me question whether the mods are in on these ponzi schemes to allow a blatant scam to be promoted.

Ponzis are not gambling they are a SCAM they will always be a SCAM how can you allow con artist and liars promote SCAMS?!?!?
It's allowed cause it is, it's not up to you to decide. If someone posts something racist here, does that mean the forum staff promotes it? No.
Anyways, updates about the issue is discussed here https://bitcointalksearch.org/topic/m.5657950, and we'll post likely see a new forum section soon.

Quit whining already.
full member
Activity: 126
Merit: 100
What blows my mind every time i visit the gambling section why they allow a flood of ponzi sites to clutter the first page.  Why would they even allow people to promote SCAMS on their forum?  I really do not understand this at all.

To me it seems like everyday there are more and more of these ridiculous ponzi scams.  It becomes brutal to swift through them all so you can find a thread worth reading.

Its makes me question whether the mods are in on these ponzi schemes to allow a blatant scam to be promoted.

Ponzis are not gambling they are a SCAM they will always be a SCAM how can you allow con artist and liars promote SCAMS?!?!?
legendary
Activity: 1176
Merit: 1005
I think it's interesting that most people hanging around here are so liberal when it comes to weapon and drug trade but get all christy when it's about Ponzi schemes, because they're soooo illegal. I'm not defending ponzis, but to be honest if you can't handle it, turn off your computer, and you won't be exposed to it, I promise.

That solution is one so extreme that it's stupid. It's equivalent to someone living in poverty and getting told they should kill themselves if thy can't handle it. Back on topic, ponzis are a pain in gambling and should be moved.

Yes, the main issue isn't really one of the morality or legality of Ponzis, but the fact they're off-topic in this forum and should be moved to a relevant forum, preferably some shit-pit toilet where they can swim in turds, choke on them and die.

Whoops, got emotional there at the end.

Incidentally, there is nothing at all inconsistent about libertarians despising Ponzis.  The fundamental principle of libertarianism seems to me to be the non-aggression principle.  Fraud is a species of aggression, in that it seeks to undermine the free and uncoerced choice of the victim.

Open Ponzis arguably do not fit in this mold, and I can imagine a kind of Ponzi that could be played as a game, if it were provably fair, i.e. the end of the Ponzi where profits are taken is actually determined by a known algorithm.  But "whenever Slick Eddie runs off with the money" is no such thing.

Also, such a Ponzi would still probably be illegal under lottery laws, but again, not relevant to this thread's issue.  Which is that the Ponzis that ARE being posted here are off-topic.  They are not gambling.  They are HYIP.  FUCKING MOVE THEM.
hero member
Activity: 601
Merit: 500
Vote 4fryn :)
Ive made 0.01 from ponzis lol but im happy!
g4c
member
Activity: 98
Merit: 10
what are some cons to moving ponzi's to their own subsection?


That is the million dollar question, isn't it!

There is no reason that there can't be a Ponzi section.  It would make those of us that don't do Ponzis happy, and it would make those that do Ponzis happy too I would think. 

I have not seen a reason not to do it.


exactly my point.  if anyone has any cons, i'd like to hear them.  i'm sure the ponzi guys wouldn't mind having their own section.  unless they think they can get more exposure in the gambling section...

agreed, ponzis are great, they deserve their own section!

i'm sure they would love their new place and keep it orderly and clean.
sr. member
Activity: 323
Merit: 254
what are some cons to moving ponzi's to their own subsection?


That is the million dollar question, isn't it!

There is no reason that there can't be a Ponzi section.  It would make those of us that don't do Ponzis happy, and it would make those that do Ponzis happy too I would think. 

I have not seen a reason not to do it.


exactly my point.  if anyone has any cons, i'd like to hear them.  i'm sure the ponzi guys wouldn't mind having their own section.  unless they think they can get more exposure in the gambling section...
newbie
Activity: 28
Merit: 0
what are some cons to moving ponzi's to their own subsection?


That is the million dollar question, isn't it!

There is no reason that there can't be a Ponzi section.  It would make those of us that don't do Ponzis happy, and it would make those that do Ponzis happy too I would think. 

I have not seen a reason not to do it.
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