Niothor now runs a HYIP - page 4. | Bitcointalksearch.org

Vod

legendary

Activity: 3668

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Licking my boob since 1970

Quote from: awesome31312 on October 22, 2014, 02:24:50 AM

Quote from: Vod on October 22, 2014, 12:10:17 AM

I have left him negative trust for running a ponzi.

I will direct him to this thread to post a response.

You can't do that unless he has scammed. This is what makes ponzi schemes and other mass frauds so difficult to catch and persecute. You can only call them scammers AFTER they have scammed. Right now, there is no proof that Niothor is scamming.

However, the way he deleted my posts leads me to question the credibility of his claims.

IMO he is scamming by running a ponzi.

I'm not an idiot that waits until you empty my wallet before I change my password.

awesome31312

hero member

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Quote from: Vod on October 22, 2014, 12:10:17 AM

I have left him negative trust for running a ponzi.

I will direct him to this thread to post a response.

You can't do that unless he has scammed. This is what makes ponzi schemes and other mass frauds so difficult to catch and persecute. You can only call them scammers AFTER they have scammed. Right now, there is no proof that Niothor is scamming.

However, the way he deleted my posts leads me to question the credibility of his claims.

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

I have left him negative trust for running a ponzi.

I will direct him to this thread to post a response.

nutildah

legendary

Activity: 3010

Merit: 8114

Now, a gambling program like PonziDoge... That IS gambling, because it has set rules that can be understood by all the participants and it never fails to operate by those rules.

Ponzis that present themselves as anything other than Ponzis... aren't gambling, they're financial crimes.

nutildah

legendary

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Merit: 8114

Quote from: Vod on October 21, 2014, 07:28:10 PM

Quote from: nutildah on October 21, 2014, 04:09:59 PM

.. which we all know are Ponzis, which we all know are scams.
https://bitcointalksearch.org/topic/--824055

I agree it is a ponzi, but it's in the gambling section. Player beware I guess. Undecided

A Ponzi scheme is not the same thing as gambling.

Its not a matter of opinion; they are two distinct categories of activity, hence the need for different words and definitions. It doesn't matter what this site categorizes it as. Some truths exist outside of what the forum believes.

A gambling site tells you that you have this or that odds.. maybe you do, maybe you don't.

A Ponzi site tells you you will _always_ receive _consistent_ returns, which is a flat out lie, because at a point unknown to customers the scheme ends, rendering the schemer a liar.

Ergo, by nature of the business, everyone who runs a Ponzi is a liar and is not to be trusted. Its a shitty, dishonest way of doing business.

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: nutildah on October 21, 2014, 04:09:59 PM

.. which we all know are Ponzis, which we all know are scams.
https://bitcointalksearch.org/topic/--824055

I agree it is a ponzi, but it's in the gambling section. Player beware I guess. Undecided

nutildah

legendary

Activity: 3010

Merit: 8114

.. which we all know are Ponzis, which we all know are scams.

<<< Bitcoin HYIP >>> BTCBackers - We back your BTC with interest! <<< Bitcoin HYIP >>>

https://bitcointalksearch.org/topic/--824055

I used to think this guy was a reputable member of the community but nope. He is trying to fleece noobs with this "legal scam."

Its absolute bullshit, just like every single "investment program" that promises fixed returns.

There is a 100% probability that this will end as a scam, as 100% of all Ponzis that have ever taken place ended as a scam.

ALL HYIPs are Ponzis, but not all Ponzis are HYIPs:

http://en.wikipedia.org/wiki/High-yield_investment_program

So, if you are also a criminal, by all means, feel free to question my character instead of my reasoning and evidence.

Topic: Niothor now runs a HYIP - page 4. (Read 4922 times)