I can double your BTC - Proof! - page 2.

MotorMouth

newbie

Activity: 4

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This is a common con-game. You meet a guy at a bar, he tells you he knows some stocks secret, and if you give him $10 he'll give you $20.

In a week you seem him again, here's your 20.

Do it again with 100. He gives you 200...

Do it again with 500, he gives you 1000.

Then a few weeks go by and you dont' see him.

You see him again, and he's going oh man, I've got this great deal, I'm putting everything I got into it, and you go "I want in" and he goes "oh no, this one's too big for you, you need at least 40k in, and I'd feel bad if something went wrong..." and you go "no fuck that, you're good I want in" and so you give him everything you've got, mortgage the house, etc... and poof, the guy vanishes. This is CLASSIC.

For small fees they come in good, but for large one's they game you. If he can just double his money, then what's he fucking around with us for? Wink

Edit: My bad, didn't realize there was a second page. Roll Eyes

Also it's called "Ponzi"? Gotcha. Grin

haydent

full member

Activity: 154

Merit: 100

he shouldnt act like he has proof when he doesnt yet... i think he's trying to trick us Huh

getbitcoin

newbie

Activity: 46

Merit: 0

Obvious scam is obvious.

fascistmuffin

newbie

Activity: 56

Merit: 0

Quote from: dustintrammell on July 02, 2011, 11:25:24 PM

Quote from: haydent on July 02, 2011, 11:15:08 PM

btw where's this proof ? the thread title implies there is proof but he has none... gay

His "proof" will be the initial people he talked into trying it confirming that they did indeed receive twice their BTC back.

Yep, if it's a Ponzi that'll follow the precedent of the scheme.

If he really wanted to prove that it worked, he'd say how he's generating the funds. I doubt that'll happen though.

dustintrammell

vip

Activity: 156

Merit: 103

Cleverly disguised as a responsible adult.

Quote from: haydent on July 02, 2011, 11:15:08 PM

btw where's this proof ? the thread title implies there is proof but he has none... gay

His "proof" will be the initial people he talked into trying it confirming that they did indeed receive twice their BTC back.

haydent

full member

Activity: 154

Merit: 100

i think we already agreed it wasnt a pyramid scheme. scam none the less.

btw where's this proof ? the thread title implies there is proof but he has none... gay

dustintrammell

vip

Activity: 156

Merit: 103

Cleverly disguised as a responsible adult.

Quote from: dcrafti on July 02, 2011, 10:56:02 PM

This is not a pyramid scheme.

I guarantee (not literally) that oldminer will get his money back, plus the promised extra.

That's because it is a Ponzi scheme. The first several investors will all get back their money, because it is initially about building up trust, and once the trust is there, more people, including the original people, will put in bigger amounts than the .01 he is asking for now.

Eventually, he pisses off with all the money that is left "invested" in the system. A higher proportion of people lose money in a Ponzi scheme than in a Pyramid scheme, because BitcoinBuilder is the the only one being given money, as opposed to a Pyramid scheme where the people higher up still end up making something.

So in short, it is totally a scam; just not the one that some people are thinking.

Bingo, we have a winner (: If this is a scam, you've likely described it exactly.

dustintrammell

vip

Activity: 156

Merit: 103

Cleverly disguised as a responsible adult.

Quote from: Oldminer on July 02, 2011, 10:37:40 PM

Quote from: haydent on July 02, 2011, 10:35:15 PM

what a load of crap, its called pyramid marketing scheme, why would he need your money to double if he could just use his own ?? its so he can use your money to pay others that payd b4 you and so on. but prob is when no one joins, no one gets paid...

edit: Pyramids are ok as long as your not left sitting on the pointy bit at the top

Actually, the pointy bit at the top is where you want to be in a pyramid scheme. Everyone under you in the pyramid has paid into the pyramid and the funds flow upward.

I fail to see how this could be a pyramid scheme though, because generally in a pyramid scheme you require the people you brought in to bring in the same number of people below them, hence the pyramid shape. Unless he's asking you to, once you've paid in, go find more people to pay in, it doesn't make any sense; he has to find ALL the people to pay in, which will take way too long and not pay out within any reasonable amount of time, thus destroying any confidence the early-adopters had in the scheme.

References:
http://en.wikipedia.org/wiki/Pyramid_scheme
http://www.sec.gov/answers/pyramid.htm

haydent

full member

Activity: 154

Merit: 100

yer, im not up with the terminology, but the OP should go and get a job and stop degrading our intellectual conversations about jack

dcrafti

newbie

Activity: 1

Merit: 0

This is not a pyramid scheme.

I guarantee (not literally) that oldminer will get his money back, plus the promised extra.

That's because it is a Ponzi scheme. The first several investors will all get back their money, because it is initially about building up trust, and once the trust is there, more people, including the original people, will put in bigger amounts than the .01 he is asking for now.

Eventually, he pisses off with all the money that is left "invested" in the system. A higher proportion of people lose money in a Ponzi scheme than in a Pyramid scheme, because BitcoinBuilder is the the only one being given money, as opposed to a Pyramid scheme where the people higher up still end up making something.

So in short, it is totally a scam; just not the one that some people are thinking.

hamburger

full member

Activity: 241

Merit: 107

Quote from: fascistmuffin on July 02, 2011, 10:40:45 PM

Quote from: haydent on July 02, 2011, 10:35:15 PM

what a load of crap, its called pyramid marketing scheme, why would he need your money to double if he could just use his own ?? its so he can use your money to pay others that payd b4 you and so on. but prob is when no one joins, no one gets paid...

Pyramid scheme involves people join under others while the funds move up the tree of people to the original. So far it doesn't look like any pyramid is forming. What you described is more of an advanced-fee fraud.

True, I remember a few years back while e-gold was used for these type of entertainment sites, a guy called Fred Schrock was locked away for doing this.

fascistmuffin

newbie

Activity: 56

Merit: 0

Quote from: haydent on July 02, 2011, 10:35:15 PM

what a load of crap, its called pyramid marketing scheme, why would he need your money to double if he could just use his own ?? its so he can use your money to pay others that payd b4 you and so on. but prob is when no one joins, no one gets paid...

Pyramid scheme involves people join under others while the funds move up the tree of people to the original. So far it doesn't look like any pyramid is forming. What you described is more of an advanced-fee fraud.

hamburger

full member

Activity: 241

Merit: 107

Quote from: BitcoinBuilder on July 02, 2011, 09:53:56 PM

OK so people think my site is fake.
I am here to prove you all wrong.
Can someone please send me 0.01 BTC and I will double it.
I am doing this so people believe me. I don't know why people think it's a scam.
I will double anyones amount. If you have a lot of BTC please send 0.01 BTC to my address below. I would not scam someone out of that little!
With the attitude some of you people have,not to move around BTC and not believing people with new ideas it will never grow!
1Bc22zWytZJKthixh9JaLYwZVGsHejouy7

my site http://www.wix.com/bitcoinbuilder/bitcoin-builder (password to enter the "enter here" page is "betatest")

So can someone send me this small amount so I can prove it right here,right now.

Well, he/she is at least honest by stating up front, in his/her own words "I would not scam someone out of that little!", I wonder what the limit is!

haydent

full member

Activity: 154

Merit: 100

!!!!! DOUBLE RAPED !!!!!

Oldminer

legendary

Activity: 1022

Merit: 1001

Quote from: haydent on July 02, 2011, 10:35:15 PM

what a load of crap, its called pyramid marketing scheme, why would he need your money to double if he could just use his own ?? its so he can use your money to pay others that payd b4 you and so on. but prob is when no one joins, no one gets paid...

You sayin' we're all gonna get raped Shocked

edit: Pyramids are ok as long as your not left sitting on the pointy bit at the top

haydent

full member

Activity: 154

Merit: 100

what a load of crap, its called pyramid marketing scheme, why would he need your money to double if he could just use his own ?? its so he can use your money to pay others that payd b4 you and so on. but prob is when no one joins, no one gets paid...

Oldminer

legendary

Activity: 1022

Merit: 1001

Quote from: fascistmuffin on July 02, 2011, 10:31:23 PM

If anything, I just paid 0.1 to be entertained for up to 48 hours. That's more entertainment/hour than a move.

^^

fascistmuffin

newbie

Activity: 56

Merit: 0

Quote from: BitcoinBuilder on July 02, 2011, 10:14:56 PM

Quote from: fascistmuffin on July 02, 2011, 10:13:41 PM

I guess within 48 hours I'll be able to tell you if the sites a scam or not. I would like to know the secret behind it, maybe if they PM'ed me some details I'd keep it a secret, and would vouch for it if it was legit or not.

Did you send in? I am still waiting for oldminers..

I sent it to the actual site.

If anything, I just paid 0.1 to be entertained for up to 48 hours. That's more entertainment/hour than a movie.

BitCoinBarter

newbie

Activity: 56

Merit: 0

Quote from: BitcoinBuilder on July 02, 2011, 09:53:56 PM

Can someone please send me 0.01 BTC and I will double it.
I am doing this so people believe me. I don't know why people think it's a scam.

To save some time, why don't you just send 0.01 to the address listed in my signature.

This way, you do not have to wait for me to send you BTC.
I'm sure you can do better things with your time.

Also this cut down on some of traffic on the BTC network. e.g., me sending you 0.01 and you sending back 0.02.

gochk

full member

Activity: 133

Merit: 100

Another one of these http://forum.bitcoin.org/index.php?topic=23704

LOL ... back for seconds??

Topic: I can double your BTC - Proof! - page 2. (Read 5236 times)