on the other hand though, i dont believe that they didnt know about how this works.
they didnt care at all. they only care to be the "winners" in this, so called, race...
i hope that they will understan that there is no race at all...
Topic: HOW A PONZI / SCAM WORKS -- ADVISE (Read 453 times)
its good that you create a topic like this, to let ppl know how this "industry" works.
on the other hand though, i dont believe that they didnt know about how this works.
they didnt care at all. they only care to be the "winners" in this, so called, race...
i hope that they will understan that there is no race at all...
on the other hand though, i dont believe that they didnt know about how this works.
they didnt care at all. they only care to be the "winners" in this, so called, race...
i hope that they will understan that there is no race at all...
This thread is really helpful (for me personally gives us a lot of information and avoid for putting your money to there) but for the HYIP maniac (probably they're ignoring this thread) as long as they get profit from these kind of Ponzi , they still use it and doesn't matter for losing their money as long as the source is still available in the internet (you can see in this thread , everyday new Ponzi comes up with the stupid ideas).
And I've seen forum out there , most of members recommending for invest in HYIP/Fonzi for the beginners who starts their journey to bitcoin because can gets good return for the short-term (and for sure , the link has a ref link in there) . So , I think we must stop this stupid business (but it's going to be a hard job)
And I've seen forum out there , most of members recommending for invest in HYIP/Fonzi for the beginners who starts their journey to bitcoin because can gets good return for the short-term (and for sure , the link has a ref link in there) . So , I think we must stop this stupid business (but it's going to be a hard job)
Others dont know how stop even they were already scammed several times. These people only wants easy money,they were not afraid to loose some btc. They were laready immuned
thanks for the thread , hopefully people will start realizing that
in my early days I was fool enough to believe in every making money site , but at that time I didn't even have much to lose
in general when it comes to investing people should think about what is the product or what will the admin do with the money
in my early days I was fool enough to believe in every making money site , but at that time I didn't even have much to lose
in general when it comes to investing people should think about what is the product or what will the admin do with the money
This words are from a very expert person who lives policing scams and fraudsters, so, as I think it's cool, maybe many of you can learn something:
"Here's what the scammer expects to happen, and invariably they are right.
You as the user, will put in a small amount - say 0.005 btc, and you will get your 0.01 btc back. Happy days, but you won't leave it at that. You will either put back the whole amount including profit, or just your profit - so you aren't losing anything right? OK so far, but at this point, you haven't gained either as you have put it back. Now, the scammer knows your wallet address, has not given anything away, and he will closely watch to see if he can get a higher amount out of you, and if not, you may still receive these little payments just for a while to instil trust - but it won't last.
What they want, is you to invite your friends and family to put into this great little earner, and some of them will put in everything they have. That's when the scam closes down and runs for the hills with all the bitcoin, the moment they have that big hit.
Just do the maths.
To pay double, they have to take in that much from somebody else, and then to double that persons coins, the same again - it soon reaches saturation point where they can't get enough new users to service the existing ones, and then they always stop paying out, and just take deposits in. All clear profit from stolen bitcoin.
Look at these numbers, and these don't take account of margin (were this intended to be legit)
1 user needs 1 more to deposit equivalent amounts so thats 1+1=2
Those 2 will no doubt redeposit so then it's 4, then 8, 16, 32, 64, 128, 256, 512, 1024, 2048, 4096, 8192 etc. In reality, it will only be in the tens or hundreds, or about 8-10 levels deep before it runs out of enough new investors. It is the fate of all Ponzi's."
Thanks buddy.
PS.: if this thread is in the wrong area, please admin, move it, because I think it will be helpful to many users. Thnks.
"Here's what the scammer expects to happen, and invariably they are right.
You as the user, will put in a small amount - say 0.005 btc, and you will get your 0.01 btc back. Happy days, but you won't leave it at that. You will either put back the whole amount including profit, or just your profit - so you aren't losing anything right? OK so far, but at this point, you haven't gained either as you have put it back. Now, the scammer knows your wallet address, has not given anything away, and he will closely watch to see if he can get a higher amount out of you, and if not, you may still receive these little payments just for a while to instil trust - but it won't last.
What they want, is you to invite your friends and family to put into this great little earner, and some of them will put in everything they have. That's when the scam closes down and runs for the hills with all the bitcoin, the moment they have that big hit.
Just do the maths.
To pay double, they have to take in that much from somebody else, and then to double that persons coins, the same again - it soon reaches saturation point where they can't get enough new users to service the existing ones, and then they always stop paying out, and just take deposits in. All clear profit from stolen bitcoin.
Look at these numbers, and these don't take account of margin (were this intended to be legit)
1 user needs 1 more to deposit equivalent amounts so thats 1+1=2
Those 2 will no doubt redeposit so then it's 4, then 8, 16, 32, 64, 128, 256, 512, 1024, 2048, 4096, 8192 etc. In reality, it will only be in the tens or hundreds, or about 8-10 levels deep before it runs out of enough new investors. It is the fate of all Ponzi's."
Thanks buddy.
PS.: if this thread is in the wrong area, please admin, move it, because I think it will be helpful to many users. Thnks.
excellent, I hope that many members read and for those who still believe in ponzi schemes, open your eyes and give up to invest in fraudulent sites
This words are from a very expert person who lives policing scams and fraudsters, so, as I think it's cool, maybe many of you can learn something:
"Here's what the scammer expects to happen, and invariably they are right.
You as the user, will put in a small amount - say 0.005 btc, and you will get your 0.01 btc back. Happy days, but you won't leave it at that. You will either put back the whole amount including profit, or just your profit - so you aren't losing anything right? OK so far, but at this point, you haven't gained either as you have put it back. Now, the scammer knows your wallet address, has not given anything away, and he will closely watch to see if he can get a higher amount out of you, and if not, you may still receive these little payments just for a while to instil trust - but it won't last.
What they want, is you to invite your friends and family to put into this great little earner, and some of them will put in everything they have. That's when the scam closes down and runs for the hills with all the bitcoin, the moment they have that big hit.
Just do the maths.
To pay double, they have to take in that much from somebody else, and then to double that persons coins, the same again - it soon reaches saturation point where they can't get enough new users to service the existing ones, and then they always stop paying out, and just take deposits in. All clear profit from stolen bitcoin.
Look at these numbers, and these don't take account of margin (were this intended to be legit)
1 user needs 1 more to deposit equivalent amounts so thats 1+1=2
Those 2 will no doubt redeposit so then it's 4, then 8, 16, 32, 64, 128, 256, 512, 1024, 2048, 4096, 8192 etc. In reality, it will only be in the tens or hundreds, or about 8-10 levels deep before it runs out of enough new investors. It is the fate of all Ponzi's."
Thanks buddy.
PS.: if this thread is in the wrong area, please admin, move it, because I think it will be helpful to many users. Thnks.
"Here's what the scammer expects to happen, and invariably they are right.
You as the user, will put in a small amount - say 0.005 btc, and you will get your 0.01 btc back. Happy days, but you won't leave it at that. You will either put back the whole amount including profit, or just your profit - so you aren't losing anything right? OK so far, but at this point, you haven't gained either as you have put it back. Now, the scammer knows your wallet address, has not given anything away, and he will closely watch to see if he can get a higher amount out of you, and if not, you may still receive these little payments just for a while to instil trust - but it won't last.
What they want, is you to invite your friends and family to put into this great little earner, and some of them will put in everything they have. That's when the scam closes down and runs for the hills with all the bitcoin, the moment they have that big hit.
Just do the maths.
To pay double, they have to take in that much from somebody else, and then to double that persons coins, the same again - it soon reaches saturation point where they can't get enough new users to service the existing ones, and then they always stop paying out, and just take deposits in. All clear profit from stolen bitcoin.
Look at these numbers, and these don't take account of margin (were this intended to be legit)
1 user needs 1 more to deposit equivalent amounts so thats 1+1=2
Those 2 will no doubt redeposit so then it's 4, then 8, 16, 32, 64, 128, 256, 512, 1024, 2048, 4096, 8192 etc. In reality, it will only be in the tens or hundreds, or about 8-10 levels deep before it runs out of enough new investors. It is the fate of all Ponzi's."
Thanks buddy.
PS.: if this thread is in the wrong area, please admin, move it, because I think it will be helpful to many users. Thnks.
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