Topic: [SEC] Ponzi schemes Using virtual Currencies - page 2. (Read 2498 times)

If i am correct ?

Did you ACTUALLY read what i said and did you understand it ?

This place is full of people with the intellect of a sack of rocks.
I have to repeat everything millions of times for years on end and even then people still don't get it..

"According to you" ?

At what point do you guys grow up and learn how to read around here ?

Reality Check here guys.. Spoetnik is not in charge of planet earth's opinions on things.
When i say every person i talk to in real life said the same thing how in gods fucking name is that my fault ?
Fuck you people are stupid and exhausting beyond comprehension.
I SAID THIS in 2013.. and now 2016 and i am still saying the same god damn thing WTF ?

Bitcoin is DOOMED !
WHY ?
Because you are all blind.
You refuse to look out your window and if someone tells you what is out side you attack them for it.
If Google searching the word Bitcoin is too much work for you little experts here maybe you shouldn't be involved ?

Anyone but nerds here say the same thing..
Bitcoin is a ponzi / pyramid scheme that is used by drug dealers buying guns and meth etc that "it's over".. long ago.

And only you guys here would think that news is GOOD.
Me ? I think average investors out there will simply see that SEC warning and so oh well fuck that shit then.
You think they will see it and say oh look Bitcoin what ever is "is now legitimized" ROFL
GIMME A BREAK FANBOYS HAHHAHAHHA

Yes that was my impression of the paper's context as well.
Newbies should know that this is also an environment for some black sheep trying to get what you have.

LOLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL LLLLLLLLLLLLLLLLLLLL

Dude u totally stick out like dogs balls with such fantastical comments

Bitcoin/Crypto has them rocked to the core!!!!!

an ongoing immature media campaign

use plants in the BF

employing drugs and scam tactics to steal coin

controlling spamming  this forum

we trace the IP"s back to the same dumb ass gov offices all the time

Fudball Fenton gets doxed showing hes atleast been a gov intel

contractor and has owned a shelf company

and then pretends like he can wipe his **** clean

ur such a loser dude please refrain from the stupid

So, scammers outside US will keep scamming as is?

something has them freaked out!

That's not a Ponzi lol thats a real money making idea,

wow seems like they have been rocked to the core


Waves to Chilton, IRS and Fed officials

Wat u after boys and girls

Will SEC go for FriedCat too or that is beyond their periphery of operation?

If you're correct then everything is a ponzi. Ponzi becomes meaningless. According to you, anything that people invest in thereby increasing its value, is a ponzi.

What they are up to is hanging out here reading our topics.. hell they mentioned this forum ROFL
And again.. what is it i told you all 50 times last few years ?
The Fed's are here keeping tabs on us.. AND THEY ARE !
The two FBI agents that got arrested after the Silk Road busts were all over this place too.. balls deep !

EDIT:
And i am fine with Cops lurking around.. i don't have a single damn thing to worry about.

makes u wonder wat they are really up too

It's funny how hard you guys want to put a positive spin on this LOL

May i remind that ALL ALONG the whole entire world thinks Bitcoin is a Ponzi ?
They thought this BEFORE the big run up in price / popularity before late 2013
then later when it died off in popularity they think it's a dead ponzi now..
I know this because i actually went OUTSIDE OF MY HOUSE and talked to REAL PEOPLE.
Then if you look on Google you will see it all over too.. by some highly educated financial professionals.

You guys don't want to hear it but people out there have posted convincing arguments
that Bitcoin is far more like a Ponzi / Pyramid scheme than it is a currency.

In response this forum just chants cheerleader rabble in a giant circle self absorbed bubble.
Sorry guys but your tight nit group of crypto enthusiast opinion are worthless.. the world just doesn't care.

And the problem of perception just gets worse and worse as each year goes by and you all just focus on this forum.
Instead of THE REAL WORLD.

They are just doing their Job and warning people about the possible perils of investing in digital currency. Unfortunatelly today it is still very difficult to find the right investment in digital currency.

Ponzi's are bad. But what about your standard store Ponzi?

Take Walmart. The average workers are paid. The supervisors are paid. The assistant managers are paid. The co-managers are paid. The store managers are paid. And the owners are paid. The only people who aren't paid are the customers... except in product, that is.

All of the others are paid off some of the work the average workers do. The average workers are simply paid for work.

If a Ponzi has a product, it is a Multi-Level Marketing business, or a Network Marketing business. The only difference between a Ponzi and MLM is, the customers are also the workers who get paid as well as getting product. To say it differently, there isn't really any difference between Walmart and MLM except that Walmart is at or beyond that worker saturation point.

Now, look at Bitcoin. What is the product in a Bitcoin Ponzi? Isn't it advertising? I mean, all other advertisers get paid. Why not Bitcoin advertisers who both use the product - Bitcoin - and advertise it through their use of it?

Look at Walmart again. Once the Walmart Ponzi has as many workers as it needs, nobody else can get a job there. The workers buy the Walmart products, just like regular customers do. Once a Bitcoin Ponzi is saturated, it doesn't pay for anyone else to try to advertise. After all, everyone in the world already knows about Bitcoin.

The only reason government doesn't like Ponzi's is, Ponzi's mess up their finances for them. If governments were honest and out to serve their people, they would offer their citizens all kinds of info about the stupidity of the various kinds of Ponzi's, and then they would let their people be free.

Bitcoin is not near saturation, but Walmart and all the big store chains are. Yet we don't see government shutting the stores down.

The SEC charged the Bitcoin Savings and Trust (BTCST) as a Ponzi Scheme over two years ago. Late last year Trendon T. Shavers admitted he ran a bitcoin Ponzi scheme and pleaded guilty.

The litecoin pump last year was rumored to be due to a Chinese Ponzi, and now there is rumored to be another another bitcoin Ponzi that closed recently in China. The SEC is only doing its job of trying to protect people from these schemes, it's not cracking down on bitcoin or bitcointalk.


http://www.wsj.com/articles/texas-man-admits-to-bitcoin-ponzi-scheme-1442873692

I don't really know about that. But I know ponzi schemes are bad.

I think report cover risk in any type of hyip. They have used virtual currency but this is well known fact about all of those hyip which pay higher interest. Hyip were in past also when there is liberty reserve and perfect money and virtual currency even doesn't exist.

By itself it not sound strange, virtual currencies (most of it) could improve ponzi schemes, and a "warning" it could be acceptable.
There a lot of people that invest money without understand what type of product they are buying ...

america and england and austrialia also prohibits banks from using bitcoin as a consumer product and wont insure it.

there is no difference between russia vs america in regards to bitcoin. basically the exact same financial warning and prohibition memos went to all first world countries..

it was only people and media that mis translated non english countries and so deemed non english countries to be more hostile due to that mis translation

the only difference is america is 3 years+ ahead of russia and 2 year ahead of china in its research and development of government controlled blockchain technology(not bitcoin)..
.. and thats it

yeah i know i was using the incorrect term there, more appropriate would be restricted or not seen well there, they are either way limiting it massively(in russia at least)

It's not new there are many program that re using crypto currency and many more will come I remember if I am right Onecoin is one big mlm /ponzi that capitalize on crypto-currency and another one called starcoin and many more will come many ponzi admin have seen the huge potential of these crypto-currency that they are now abusing it's uses