Is announced bitcoin Ponzi/Pyramid Scheme illegal? - page 2.

RocketSingh

legendary

Activity: 1662

Merit: 1050

Quote from: Pustul on January 10, 2015, 04:43:14 PM

Hi guys,
I know that pyramid scheme is illegal in many countries: http://en.wikipedia.org/wiki/Pyramid_scheme

But a question rised in the Weekly Ponzi v3 thread. Is using this scheme illegal, if someone is marketing his website as a ponzi gambling site? Considering the fact that the ponzi is using btc and not fiat currency.

Hope some of you are more informed that I am

I think it would come under the same category as of gambling sites. If gambling is considered illegal, then declared ponzis are illegal too... otherwise not.

--Encrypted--

copper member

Activity: 924

Merit: 1007

hee-ho.

I think it is considered illegal. I don't hate them, heck, I took part in some of those sites. but I will be really happy if these ponzi schemers get caught.

Pustul

sr. member

Activity: 350

Merit: 250

I guess even in bitcoin ponzi are not allowed: http://cir.ca/news/police-target-bitcoin-ponzi-scheme

onewiseguy

hero member

Activity: 728

Merit: 500

I would like to know as well.
I understand a ponzi is a ponzi, but fiat and crypto two totally different objects.

in the eyes of most countries btc is just a high risk investment not currency.

Pustul

sr. member

Activity: 350

Merit: 250

Hi guys,
I know that pyramid scheme is illegal in many countries: http://en.wikipedia.org/wiki/Pyramid_scheme

But a question rised in the Weekly Ponzi v3 thread. Is using this scheme illegal, if someone is marketing his website as a ponzi gambling site? Considering the fact that the ponzi is using btc and not fiat currency.

Hope some of you are more informed that I am

Topic: Is announced bitcoin Ponzi/Pyramid Scheme illegal? - page 2. (Read 5891 times)