I think this forum shouldn't promote this kind of investment schemes. Many people don't know or don't want to believe that what's too good to be true, it's actually not true. Therfore, this Ponzi schemes should be spotted by more experienced members and the users promoting them should not be allowed to scam people using free (and effective) publicity.
I agree. However, there was ample information. Several regulars have kept warning the newbies and the math-challenged. Most did whatever they could to explain the Ponzi scheme and warn gullible investors.
I fear that most of this effort is in vain, because people just don't listen. When you dangle a 7% per week sign in front of newbies, some of them will apparently always fall for it. They believe in it because they want to believe it. Greed switches off the brain (if there is any).
One would think that the next time, perhaps a year from now, people would ask Vandroiy, Micon, or one of the other anti-scam evangelists for advice, but I am pretty sure that will not happen. They will fall for it again and again. Look at what happened with the Bernie Madoff Ponzi scheme outside the bitcoin realm. Watch
the movie.
Moreover, many scams are still going on with triple-digit interest rates. Since their interest rates are somewhat lower than the ones of the pirate, those schemes can go on for longer and the precise time of their demise is not as easy to predict. It is pretty easy though to detect that they are scams. That has been described here in detail.
No matter how many predictions come true, people will not listen. For example, I predicted the scenario that the pirate rate reduction could trigger withdrawals, ending the Ponzi scheme. Exactly this has happened. I described this scenario clearly more than once (for example,
here five days ago). Did that make anyone listen to me? No, probably not. Most people just don't listen and don't learn.
I personally cannot really complain, as these people are shoving bitcoins my way. Whoever can predict the future, wins. I almost feel bad by benefitting indirectly from scams. But, on the other hand, if the people who feed these scams disappeared, the scams would disappear with them, so this may be a good thing after all.