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Topic: Pyramid investing in Bitcoin?> (Read 1650 times)

legendary
Activity: 1400
Merit: 1050
March 09, 2015, 11:02:55 PM
#23
Most companies don't buy coins unless they are widely accepted like bitcoin.
most companies don't buy coin at all... (not sure what type of companies people are speaking here... may-be some "companies" trading penny stocks... )
full member
Activity: 308
Merit: 100
I'm nothing without GOD
March 09, 2015, 05:58:03 PM
#22
Most companies don't buy coins unless they are widely accepted like bitcoin.
legendary
Activity: 924
Merit: 1000
March 09, 2015, 02:02:12 PM
#21
Recently I've came across alt coins that use the method of pyramid scheme to promote and sell their coins to large companies. Should this even be legal? and do you guys think bitcoin should go through this too? BTCBTC

Things are so wacked-out here, some folks set up outright - explicit - Ponzi schemes as games. 
hero member
Activity: 1022
Merit: 500
March 09, 2015, 07:30:35 AM
#20
Recently I've came across alt coins that use the method of pyramid scheme to promote and sell their coins to large companies. Should this even be legal? and do you guys think bitcoin should go through this too? BTCBTC
This has been going on forever with all these fake ass IPO's. Since crypto currencies are such a grey area most of the time they get away with it and theres not much that can be done about it.

People creating alt do it almost entirely only for profit.
legendary
Activity: 1204
Merit: 1028
March 08, 2015, 04:34:02 PM
#19
Recently I've came across alt coins that use the method of pyramid scheme to promote and sell their coins to large companies. Should this even be legal? and do you guys think bitcoin should go through this too? BTCBTC
This has been going on forever with all these fake ass IPO's. Since crypto currencies are such a grey area most of the time they get away with it and theres not much that can be done about it.
full member
Activity: 479
Merit: 100
Enter the future of gaming
March 08, 2015, 12:24:29 PM
#18
Are you talking about onecoin?
full member
Activity: 224
Merit: 100
March 08, 2015, 09:58:35 AM
#17
- snip -

Gambling usually isn't illegal except in some strict countries, but my post above clarifies the difference between a ponzi scam and a ponzi game on this forum. When it's blatantly upfront about the nature of the game it's more like gambling as the participants are willing but with a scam they are unaware and unwilling.
Based on that, there are ponzi schemed cloud mining, how about it? Is that illegal also like other ponzi game? Most of people don't know about the scheme, right?
sr. member
Activity: 448
Merit: 250
March 08, 2015, 09:26:09 AM
#16
Ponzis are illegal, but when it says it's a Ponzi and people know about it?
If you said ponzis are illegal, how about all forms of gambling? Is they are illegal also? Lips sealed

Gambling usually isn't illegal except in some strict countries, but my post above clarifies the difference between a ponzi scam and a ponzi game on this forum. When it's blatantly upfront about the nature of the game it's more like gambling as the participants are willing but with a scam they are unaware and unwilling.
full member
Activity: 224
Merit: 100
March 08, 2015, 09:12:26 AM
#15
Ponzis are illegal, but when it says it's a Ponzi and people know about it?
If you said ponzis are illegal, how about all forms of gambling? Is they are illegal also? Lips sealed
member
Activity: 94
Merit: 11
March 08, 2015, 09:10:58 AM
#14
Ponzis are illegal, but when it says it's a Ponzi and people know about it?
sr. member
Activity: 322
Merit: 250
https://dadice.com | Click my signature to join!
March 08, 2015, 08:59:32 AM
#13
There are many ponzies already(for Bitcoin)
Officially ponzies are illegall, in digital form AND real life form

They are illegal in most countries but they are not illegal as per forum rules.

Not so sure they're not illegal as per forum rules; i'm not a jurist, however, i think in some jurisdictions some prosecutor or LEO could think of the forum aiding and abetting of Ponzies frauds and could do his own job.
sr. member
Activity: 448
Merit: 250
March 08, 2015, 06:55:32 AM
#12
Recently I've came across alt coins that use the method of pyramid scheme to promote and sell their coins to large companies. Should this even be legal? and do you guys think bitcoin should go through this too? BTCBTC

What coins are you talking about and are you sure they're actually pyramid schemes?

as a far as i know pyramid scheme are illegal, and bitcoin shouldn't be used for it

I think they are illegal though that's because they are deceptive scams and the people who invest in them usually don't know that they're a pyramid scheme/scam. The ones on here are usually open about them being a pyramid or ponzi so are seen as no different from gambling because people know the risks when they invest or gamble on them.
legendary
Activity: 1904
Merit: 1073
March 08, 2015, 06:49:07 AM
#11
There are many ponzies already(for Bitcoin)
Officially ponzies are illegall, in digital form AND real life form

They are illegal in most countries but they are not illegal as per forum rules.

They should be.... Your laws applicable to your country still apply to you as a individual. If you use it, and your country does not allow for it, you would still be breaking the law.

Bitcoins is definitely not a Ponzi, but there are people using the currency {As they would, with any other currency} to run ponzi's. {How do you stop these people from using say credit cards to do the same?}

The law will still come after you, if you using it, online or offline.  Wink
hero member
Activity: 1022
Merit: 500
March 08, 2015, 06:21:42 AM
#10
There are many ponzies already(for Bitcoin)
Officially ponzies are illegall, in digital form AND real life form

They are illegal in most countries but they are not illegal as per forum rules.
sr. member
Activity: 280
Merit: 250
Bro, you need to try http://dadice.com
March 08, 2015, 05:33:15 AM
#9
There are many ponzies already(for Bitcoin)
Officially ponzies are illegall, in digital form AND real life form
Q7
sr. member
Activity: 448
Merit: 250
March 08, 2015, 04:37:27 AM
#8
Recently I've came across alt coins that use the method of pyramid scheme to promote and sell their coins to large companies. Should this even be legal? and do you guys think bitcoin should go through this too? BTCBTC

I wouldn't associate between the pyramid scheme and bitcoin. If a company that promises to use your fiat for making investment and promising a return, you are merely using your fiat as a form of payment. It has nothing to do with your fiat. Likewise, the same with bitcoin. And bitcoin certainly does not need all these to progress. We are basically on our own independent. 
legendary
Activity: 2898
Merit: 1017
March 08, 2015, 04:04:13 AM
#7
Recently I've came across alt coins that use the method of pyramid scheme to promote and sell their coins to large companies. Should this even be legal? and do you guys think bitcoin should go through this too? BTCBTC

It's not just a coin, it's the project they represent.
full member
Activity: 140
Merit: 100
March 08, 2015, 04:02:47 AM
#6
as a far as i know pyramid scheme are legal, and bitcoin shouldn't be used for it

Unfortunately, we have a whole section for it. And bitcoin is the one that seems to be using it the most.
legendary
Activity: 3206
Merit: 1069
March 08, 2015, 04:01:36 AM
#5
as a far as i know pyramid scheme are illegal, and bitcoin shouldn't be used for it
sr. member
Activity: 448
Merit: 250
March 08, 2015, 03:43:16 AM
#4
Recently I've came across alt coins that use the method of pyramid scheme to promote and sell their coins to large companies. Should this even be legal? and do you guys think bitcoin should go through this too? BTCBTC

I still don't get it. How can you maintain a pyramid scheme by selling bitcoins to a large company?

And as Enryk pointed out, not a single large company would accept those altcoins which are pyramid schemes.
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