Topic: HONEST BITCOIN: DOUBLE YOUR BITCOINS. YES IT IS A PONZI. - page 8. (Read 7684 times)

You pretend you're looking out for their interests but you are as selfish as anyone you infatuated piece of excrement.


You want to take up dooglas on that?

Sure, yeah, sounds like you've got an awesome grasp of criminal law. Good luck with that.

I don't agree with you. I don't consider this as illegal. On the Internet, except robbery, nothing is illegal.




If in two months your site is still paying, I will consider you as legit.

Big red text is usually recognised the world over as being a warning. I need not explain to them how a ponzi works, I need only post my warning in your thread to alert them to the dangers of the illegal ponzi you are promoting (you did say you are in the US, btw).


It isn't my interpretation, it is the fucking law. Nowhere in the US is it legal to operate a scheme which relies on new participants sending money in so that earlier participants can be paid.

Denying the fact that you are attempting to promote and operate an illegal financial scheme in a country which specifically prohibits such does not permit you to continue as though it doesn't matter. Inviting people to send money to your scheme, having informed them that it is a Ponzi, an explicitly illegal operation in your jurisdiction, means that they are not participants, they are collaborators.

If you legitimately feel the responsibility to ensure that non-English speakers understand the details of this system, I applaud you. However, your words have done nothing to forward your cause. If Google translate fails on my posts, what's not to say it won't fail on yours. Besides, your posts do not clarify why they could lose money, you simply post threats in your great red font. If you really wanted to help people who don't speak English, start a new thread and post in their language. By adding the Wikipedia links I have done more in this field than you have.


Our interpretations disagree and are probably going to continue disagreeing indefinitely. You've made your point, this is my thread, so kindly go away.

so far I have always sent 100% of what I promised...often I have even sent more...
of course noboddy is sure...we can even not be sure that tomorrow we will awake...

there are indeed some legit dealers...

But as I said previously, a person sending money to a casino site who doesn't understand the odds will have the exact same chance of their bet winning or losing as an experienced gambler placing the same bet. People who don't understand Ponzis don't necessarily have to be stupid, they may have had google translate fail on them and be unaware that their late-to-the-queue deposit it almost bound to result in them being the one who loses their funds.


This is an incorrect assessment of the legal condition of a Ponzi scheme.


They are not referring to members of that Ponzi being paid referrals for 'recruiting' new participants, they mean the operators of the scheme need new people to join and send their money in. An 'honest' Ponzi scheme generates all of its funds through it convincing new people to send it money, even if it is telling them exactly what it is, the above makes it perfectly clear that it is illegal to run a business which operates that way.

I'll add it if you answer my questions

Add a new choice to the poll

Take the piece of shit off the interent

Bet that will garner the most votes. Humor us and add it


IGNORE THIS THREAD

SAVE YOUR BTC

SUPPORT CRYPTO DON'T DESTROY IT!!!

That's a perfectly logical choice. After all, there are no deposits in. On a side note, I wonder what happened to "This community action will not stop until the poisonous ponzi scamming threads are all dead."?

no. but honest in this sections is the worst name but I've lost a lot of BTC trying new and new HYIPS and another sh*t so.. I'll wait a bit

Would "100% that all participants would fully understand what they were sending money to bitcoi"  be better

yeah I get it. To be honest..I'd have already tried to invest here, but the name honest is...just hilarious

Resets happen weekly (actually I am trying to figure out the best rhythm for resetting, there's a poll up top) so you will get your original deposit back by Wednesday. And if someone does invest after you, you'll make a profit. I won't take the 5% if there's only one person depositing. That would be just mean.

At least then no many people will lose the investment...just you...[joke]

I'm not hating or supporting...but how so? I mean since there a re no investor, and I invest and then nobody invests after me... ? I think I'm gonna lose it

For all of you who are interested in participating and not hating, Honest Bitcoin is a ponzi system where earlier investors receive payouts worth twice their deposit from the deposits of later investors. Since no one has deposited yet, there's no risk in being the first person to try it.

My stance on this is that if a Ponzi scheme is presented in an honest fashion then it's not fraudulent.

Most Ponzi scams promise to double your money in a certain amount of time. They obviously aren't able to do this indefinitely, and so inevitably end up breaking their promise to at least some of the players.

This Ponzi tells you up front that at least some players will be making a loss.

I don't think it's fair to require that 100% of customers fully understand the terms up front. You can't expect 100% of people to understand anything at all, since there exist some incredibly unintelligent people. So long as the claims made are true, that seems to me to be enough. If people fail to understand those claims that's their own responsibility.

The quote about it being illegal to run a business where the income is only from new recruits doesn't apply I think. Ponzi schemes aren't generally funded by referrals, and many players player repeatedly. Obviously if nobody was ever "recruited" into playing a Ponzi then there would be no business, but the same could be said about any business. If a store never "recruited" any customers they wouldn't make any sales. That's not what the law is talking about. It's talking about schemes where you have to buy a membership to get involved.

One problem I see is that even though OP is being upfront about the way his Ponzi operates in this thread, he (or his friends) could well be promoting the same scheme elsewhere using dishonest ("double your money, every time!") claims, and we wouldn't know. But I guess in that case we negrate him there, and not here.

And where is the evidence that I have been "stealing coin from users"?