http://pbmining.ruSo it was probably the russian mafia after all.
I just hope the people who posted the personal details are happy now. Now everyone loses.
everyone was always going to lose dumbass, that's how a ponzi works.
The longer it goes on, the more money they take in, the more people lose.
Thats actually not true, there is many people that ROI'd! (specially early investors, the one with more risk)
Yes, but that's Ponzi thinking.
Early investors such as VC's become shareholders in a legitimate venture, taking risk because the business model may work out to be flawed, but making good ROI if things turn out as predicted.
'Investors' in PB were not shareholders, they weren't even investors, they were customers that bought a product from PB which claimed to have a sustainable business model. That product's appeal was the ROI. If the product was genuine, then all investments, early or late, would carry the same risk.
"Everyone" in this case means the totality of investors: sure, by luck or judgement some people will come out in front when a Ponzi collapses.
If it's by luck then that's the definition of luck, if it's by judgement i.e. they knew it was most likely a Ponzi and played it, then they are essentially stealing by proxy from the late coming majority. And enriching a scumbag in the process.
Blaming people who hasten the end of a confidence trick for its collapse is ridiculous, unless you are saying that these schemes have some sort of legitimacy simply because they exist.
