I've said pirateat40 was running a ponzi - page 3.

smoothie

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Quote from: Vladimir on August 18, 2012, 01:41:53 PM

There are only two kinds of people "invest" into ponzi:

1. Suckers, who do not get it.
2. Scammers (fraudsters), who want to "get in early" and liberate money off of suckers.

There are no other options. Now note how many of self-confessed scammers (as per above classification) are on bitcointalk.

+1

wikiaki

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DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO

Quote

There are only two kinds of people "invest" into ponzi:

1. Suckers, who do not get it.
2. Scammers (fraudsters), who want to "get in early" and liberate money off of suckers.

There are no other options. Now note how many of self-confessed scammers (as per above classification) are on bitcointalk.

I agree with that ^

Vladimir

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There are only two kinds of people "invest" into ponzi:

1. Suckers, who do not get it.
2. Scammers (fraudsters), who want to "get in early" and liberate money off of suckers.

There are no other options. Now note how many of self-confessed scammers (as per above classification) are on bitcointalk.

ajk

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these threads are hilarious, honestly, when bitcoins up everyones all buying cars this to the moon that but as soon as it starts dropping a few dollars from its 2012 high everyone is thinking the worst

regardless of the price going down and the ridiculous volatility there are people out there who run operations on bitcoin, this isnt the first time price has gone down and im sure it wont be the last, but also the latter probably not the last time its going to go up either

I for one am making money either way but am holding a big sum of BTC cause i know it will bounce back, someone said yesterday about the shakedown and all the weak hands are leaving, I still see that as whats going on, all the weak are stirring up forum fud Tongue

thezerg

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Quote from: wickss on August 18, 2012, 12:35:16 PM

Quote from: Spekulatius on August 17, 2012, 11:02:18 PM

You can gain on it when you jump in early. That what most people hope for I think.

Just like the bitcoin imo.

A symptom does not define the cause. You "gain on it when you jump in early" when you are offered options for startup companies for example. I'm sure I'm preaching to the choir here but clearly it needs to be said again: the difference between a ponzi and bitcoin is that bitcoin is machinery that massively reduces the cost and time for international money transfers (and other advantages) whereas a ponzi adds no economic value to the larger system.

I think bitcoin is doomed (in the traditional sense) to redo the last 500 years of economic development but in "fast-forward". We'll see all the same mistakes. But the good thing is the tape stops right before currencies were divorced from externally enforced scarcity, and starts recording an unknown future. Regardless, its a great education!

jwzguy

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Quote from: wickss on August 18, 2012, 12:35:16 PM

Quote from: Spekulatius on August 17, 2012, 11:02:18 PM

You can gain on it when you jump in early. That what most people hope for I think.

Just like the bitcoin imo.

Not at all like "the bitcoin."
Bitcoin has many valuable functions regardless of whether people make money by realizing that before other people, and investing. That said - it's still early.

wickss

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Quote from: Spekulatius on August 17, 2012, 11:02:18 PM

You can gain on it when you jump in early. That what most people hope for I think.

Just like the bitcoin imo.

Spekulatius

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You can gain on it when you jump in early. That what most people hope for I think.

smoothie

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Honestly I think they are all too stupid to know it was a scam. Cheesy

tiberiandusk

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I still don't understand how people keep falling for these schemes. I think they all know it's a scam but they think they'll get their money out before everyone else so it won't be them losing out. Then they get butthurt when they lose out.

finway

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Ponzi needs suckers.

Topic: I've said pirateat40 was running a ponzi - page 3. (Read 5450 times)