Topic: Ponzi "Game" == Negative Trust? - page 6. (Read 8479 times)

I dont promote all ponzi games, i just dont believe in leaving negative trust... Also theyre Ponzi Games... GAMES. i

You think the idea of a ponzi "GAME" is new? They were here last year too.

Why are there no long term ponzi games if it so fair and profitable for an operator? But dice sites, casinos, and sportsbook have been in the Bitcoin world for years?

Michaeladair your arguments are weak and your promotions of ponzis is shameful

Look at the trust he left me. Do you think leaving negative trust for ponzi operators is in any way scamming?
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I never said you scammed, I left you negative trust because I don't "trust the trust that you leave" its not accurate in my eyes therefore it can't be trusted.

Look at the trust he left me. Do you think leaving negative trust for ponzi operators is in any way scamming?



Thats the case with pretty much any Bitcoin business. Remember mybitcoin.com?[/quote]No that was before my time, but I will trust that they eventually ran away with people's money after being trusted with a lot of it. The point is however any ponzi game will be trusted with a lot of money in a very short amount of time if they act 'honesty' for only a few 'rounds'. It was pointed out in another meta thread somewhat recently that everyone has their breaking point, and ponzi's are designed to attract a lot of money very quickly so the operator's breaking point will quickly be reached
No but this is the procedure that the successful ones go though (at least this is what they do from my viewpoint). (this only applies to the bolded part about the shills).

The part about building up trust is what happens. It is how pirate40 was able to run away with so much money (from what I have read), it is how dicebitco.in was able to attract such a large bankroll to steal from. This is what every ponzi site/game did as of last week (and probably not mistakenly, all at the same time)

The skill is to try and determine when the site will stop paying. This may start with obvious signs like late or missed payments, but it may also be when the owner decides the ponzi has gotten to a certain size. So estimating the size of the ponzi funds and the rate it is growing at is is another way to tell. A really skilled player may even decide to invest more funds  when they think the owner is going to close up in order to try and prolong the ponzi.


Well if the owner is using mixers then a skilled player will find out which ones he is using and ignore payments that are tainted by those mixers. And of course they reinvest, you should reinvest if you think it is still likely to pay out.

Point is, not all ponzi's are scams, don't paint them all with the same brush.

You are negative trusting people that have the capactiy to scam! Why aren't you negative trusting Exchanges or other gambling websites?

It is likely that the ponzi site is going to steal all investor money in one swoop, not over any period of time. The first sign of trouble is that no one received their payout even though some people should. The ponzi "game" would obviously be abandoned and the operator would create a new account to repeat the process.
The ponzi operator will have an unlimited amount of time to launder/mix bitcoin to make it appear that they are not playing against their players. The players on the other hand will have a much shorter time frame to check this. From what I have seen, many people "reinvest" their money back into the ponzi after receiving payouts so seeing money go from the ponzi back into the ponzi would be expected

I don't see it as censoring your actions at all. He made a valid point.



Thats the case with pretty much any Bitcoin business. Remember mybitcoin.com?


And you have proof that every single ponzi website on BitcoinTalk goes through this same procedure? Because it seems you are leaving negative trust on EVERY ponzi website. Of course ponzi's have risks and some may be untrustworthy, but I don't think you have investigated all of those websites that you negged enough to know if they are untrustworthy. You were just blindly giving out negs to every ponzi site.

How silly of me, I didn't even mention the exchanges that have the capacity to haul out millions of dollars worth of bitcoin at will!!! Those guys deserve negative trust, maybe even jail time.

Are you serious man? You accused me on my thread of scamming for literally no reason and made baseless accusations against me because I suggested the trust system be revised. Note that I am neither positive or negative I am unbiased and made this suggestion because I saw the trust system being abused. And now you get negged and you know what? That's a taste of your own medicine you were making baseless accusations against me now someone has negged you. It's funny how much of a hypocrite you are you were calling me a scammer for asking to revise the trust system now your wining asking for the trust system to be revised because you have been negged. For the record I think Michael was right in giving you negative trust because quickseller you were blindly giving out negative trust to ponzis without using your head.

Justice served

Most ponzi game sites here automatically send out after 1 confirmation, so the amount in the wallet at one time can be limited.

Anyways, you are giving them negative trust essentially because they have the OPPURTUNITY to scam. That isn't right at all...

Seals with clubs for example probably has a ton of btc in their wallets, why not give them negative trust too? They have a large opportunity to scam.

The same is true for PvP dice sites. However the operator is not playing against the players (who would have an obvious advantage)

True, however ponzi games are designed so that people will trust them with exponentially growing amounts of money after a very short period of time.

All other gambling sites have much slow deposit growth. Also all the gamblers money must be trusted with the ponzi "game's" operator at once while a casino will need to process withdrawals from players throughout the day and if they stop players will obviously stop depositing additional funds there

Fucking poker you dumbass... Poker websites have people betting against players...

This should be implied. I cannot in any way see how it would be fair to have a casino betting against their own players. Doing so would be similar to a casino that accepts bankroll investments to play against the house

So are gambling websites that don't have the proper gambling licenses, so are Bitcoin exchanges that do not have the proper money transmitter licenses or AML procedures and so are lenders that don't abide by payday loan laws.

Well Michael, this is the 2nd time you have used your position on the default trust list to try to censor my actions.
If you bothered to read my comment, it is because they are running a ponzi
A ponzi is a ponzi. The game is based on building up trust. It works like this, the ponzi operator first either buys up or creates a bunch of newbie accounts to act as their shills. Then then use a mixing service to spread out their own money into various addresses to make it look like each address is coming from a different person. When they start the ponzi game few other people will "invest" however the shills will push the ponzi game and will vouch when they end up winning. This makes it appear that they are trustworthy. The next round a few more people will play along with the shills. The shills will obviously all win and the "real" people will sometimes win but at a lower then expected rate. Their trust is now built up a little more. The process continues until the ponzi "game" operator is trusted by various "players" enough so that they control a very large amount of bitcoin at one time.

This is very similar to loan confidence scammers as they first take out a .1 BTC loan, then a .2BTC loan when people see they repaid the first loan without problems, the process continues until they can get a very large loan from a sucker and they abandon the account. The difference is that in a ponzi "game" the amounts a user is trusted with will grow much quicker.
Not true. They can also get screwed if the operator of the game decides he has enough money to make it worth his while to run away with investor money.
it is very rare that a dice casino will be created by a brand new user. Also, again their business is generally not one that will be trusted with an massively growing amount of money.
See above.
Duly noted. Thank you.

Yes but that is in no way the point of this thread. We are talking about the new Ponzi "Games"... simply based off the style of a Ponzi. People send money to an address and get paid out with a % as new investments come in.

aren't ponzi schemes illegal anyway?