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Topic: Thank you to Admins and Moderators (Read 2069 times)

hero member
Activity: 560
Merit: 506
I prefer Zakir over Muhammed when mentioning me!
February 27, 2015, 03:37:28 PM
#27
But... fake cloud minings are ponzis. There is a thread by Puppet, you should read it if you haven't. https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387.

How can one conclusively prove that a cloud mining operation is fake though, or a ponzi? Even when it appears impossible you can't be 100% sure that its not someone with a bit too much money doing changetip style donation. Entirely unlikely but entirely plausible.

If you haven't read the thread, I suggest you to read it.

Definition of 'ponzi':

Quote from: definition 1
A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator.

Quote from: definition 2
A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk.

These defenitions are similar but see bolded part. All fake cloud mining announced here matches this defenition as it is a ponzi.

If it is like a donation, he/she/they don't want people's investment, they can pay directly to people like BiPolarBob do.

   -MZ
legendary
Activity: 1932
Merit: 1737
"Common rogue from Russia with a bare ass."
February 27, 2015, 03:32:19 PM
#26
How can one conclusively prove that a cloud mining operation is fake though, or a ponzi? Even when it appears impossible you can't be 100% sure that its not someone with a bit too much money doing changetip style donation. Entirely unlikely but entirely plausible.

If you were walking down the street past a bank and you saw a car parked outside in a tow zone with its engine running, and three guys sat inside with masks on and shotguns in their hands, what would you think?

1) They're probably going to rob that bank
2) It's some NRA members with embarrassing facial disfigurements who have got lost and are about to ask me for directions.

You don't have conclusive proof, you are making a judgement based on probabilities, like we do every day in all sorts of situations.
A fake cloud mining operation hasn't disappeared with your money until it's disappeared with your money. It's a bit late and irrelevant to then argue that you gave them your money because you weren't 100% sure they were going to run off with it.

BTW plausible means: seeming reasonable or probable.

legendary
Activity: 1666
Merit: 1183
dogiecoin.com
February 27, 2015, 03:11:32 PM
#25
But... fake cloud minings are ponzis. There is a thread by Puppet, you should read it if you haven't. https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387.

How can one conclusively prove that a cloud mining operation is fake though, or a ponzi? Even when it appears impossible you can't be 100% sure that its not someone with a bit too much money doing changetip style donation. Entirely unlikely but entirely plausible.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
February 27, 2015, 02:44:53 PM
#24
How far back were you looking when deciding to move threads? e.g. when did the last post in a thread need to be made after in order for you to move the thread?

Page 42 Smiley.
I wouldn't mind handling reports on older clear ponzis though.

That section did get a lot of activity
Nice expunge though 42 pages covers pretty much all of them  Wink
sr. member
Activity: 420
Merit: 250
February 27, 2015, 10:47:23 AM
#23
Finally!

Now I can access the latest scams even faster.
administrator
Activity: 3808
Merit: 3012
February 27, 2015, 10:45:44 AM
#22
How far back were you looking when deciding to move threads? e.g. when did the last post in a thread need to be made after in order for you to move the thread?

Page 42 Smiley.
I wouldn't mind handling reports on older clear ponzis though.
copper member
Activity: 2870
Merit: 2298
February 26, 2015, 06:34:40 PM
#21
That's great! It is great to see that the moderator moved so many ponzi topics to that section very fast.

Moved over 300 threads in the new section. Please report if I missed any.
How far back were you looking when deciding to move threads? e.g. when did the last post in a thread need to be made after in order for you to move the thread?
legendary
Activity: 858
Merit: 1000
February 26, 2015, 06:21:45 PM
#20
Thank you, all mods and admins for this and for all the work you do on the forum. You often get yelled at for doing your work, but it really make this a good community. Thanks!  Smiley
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
February 26, 2015, 06:18:55 PM
#19
That's great! It is great to see that the moderator moved so many ponzi topics to that section very fast.

Moved over 300 threads in the new section. Please report if I missed any.

That's a great job you did. Will you move cloud mining threads which don't have(didn't provide) any mining-proof?

   -MZ

The new section is called "Investor based games" so doesn't really include deliberate fraud attempts by scammers pretending to mine.
They should stay in the wild, Service announcements etc., in my opinion, where they can continue to get called out by the community.

If anything, "traditional" ponzi schemes pretending to mine or trade forex or arbitrage or whatever should be called out should they try to pose as a 'game' in the new section.


Yes i also was in favor of any ponzi related "service" to be totaly removed from forum, but this is i guess the next best thing, having them a bit more digged in, harder to find.
What hurts me the most is the fact that this is forum who represents bitcoin comunity, what will the people think about it ? that its a nest of scams and imposters most probably.
Recently i also saw thread selling pp accounts in the marketplace, i mean really, have we stooped so low?

cheers
legendary
Activity: 1932
Merit: 1737
"Common rogue from Russia with a bare ass."
February 26, 2015, 01:47:51 PM
#18
The new section is called "Investor based games" so doesn't really include deliberate fraud attempts by scammers pretending to mine.
They should stay in the wild, Service announcements etc., in my opinion, where they can continue to get called out by the community.

Then IMHO 'ponzis' shouldn't be there as it is also a fraud attempt but not as 'mine'.

If anything, "traditional" ponzi schemes pretending to mine or trade forex or arbitrage or whatever should be called out should they try to pose as a 'game' in the new section.

But... fake cloud minings are ponzis. There is a thread by Puppet, you should read it if you haven't. https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387.

    -MZ
I understand what fake cloud mining is and what ponzis are Muhammed, I have posted in that thread.

The point I am trying to make is that there is a "last in loses" type of game which has become popular and is referred to quite openly as a "ponzi game". They are not pretending to mine or trade, just paying some players with other players money, usually based on time of "investment" (bet) and keeping an admin % profit. That's what the new section is for.
The theory is that people who play these games understand the rules and are satisfied that they are "fair". (Personally, I have a problem with that because it's impossible to verify that the game operator is not also playing and using his position unfairly, but that's OT.)
This makes them different from scams which pretend to be cloud mining or trading but are actually real ponzi schemes, paying the early investors with later investors money, whilst pretending that the revenue is from legitimate business activity and being sold via referral schemes to naive 'investors' as legitimate businesses.
hero member
Activity: 560
Merit: 506
I prefer Zakir over Muhammed when mentioning me!
February 26, 2015, 01:20:05 PM
#17
The new section is called "Investor based games" so doesn't really include deliberate fraud attempts by scammers pretending to mine.
They should stay in the wild, Service announcements etc., in my opinion, where they can continue to get called out by the community.

Then IMHO 'ponzis' shouldn't be there as it is also a fraud attempt but not as 'mine'.

If anything, "traditional" ponzi schemes pretending to mine or trade forex or arbitrage or whatever should be called out should they try to pose as a 'game' in the new section.

But... fake cloud minings are ponzis. There is a thread by Puppet, you should read it if you haven't. https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387.

    -MZ
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
February 26, 2015, 01:10:08 PM
#16
The Gambling section is finally clean from all the Ponzis because of the new section -> Investor-based games

I just noticed this when you posted in the meta thread
This does deserve a thank you finally a new section and it already looks cleaner can actually see gambling sites ^^
Thank you
legendary
Activity: 1932
Merit: 1737
"Common rogue from Russia with a bare ass."
February 26, 2015, 12:48:15 PM
#15
That's great! It is great to see that the moderator moved so many ponzi topics to that section very fast.

Moved over 300 threads in the new section. Please report if I missed any.

That's a great job you did. Will you move cloud mining threads which don't have(didn't provide) any mining-proof?

   -MZ

The new section is called "Investor based games" so doesn't really include deliberate fraud attempts by scammers pretending to mine.
They should stay in the wild, Service announcements etc., in my opinion, where they can continue to get called out by the community.

If anything, "traditional" ponzi schemes pretending to mine or trade forex or arbitrage or whatever should be called out should they try to pose as a 'game' in the new section.
full member
Activity: 154
Merit: 100
That Darn Cat
February 26, 2015, 12:03:26 PM
#14
Good deal.  Smiley  I am glad to see this as well.
full member
Activity: 224
Merit: 100
February 26, 2015, 11:55:35 AM
#13
Its finally something good that happened. Looking at the stats, seems the ponzi subforum has 8-9% of the total posts in the gambling forum , which is actually a lot.

And it definitely needed a new sub section for it.
hero member
Activity: 560
Merit: 506
I prefer Zakir over Muhammed when mentioning me!
February 26, 2015, 10:38:43 AM
#12
That's great! It is great to see that the moderator moved so many ponzi topics to that section very fast.

Moved over 300 threads in the new section. Please report if I missed any.

That's a great job you did. Will you move cloud mining threads which don't have(didn't provide) any mining-proof?

   -MZ
legendary
Activity: 1050
Merit: 1000
February 26, 2015, 10:34:55 AM
#11
That's great! It is great to see that the moderator moved so many ponzi topics to that section very fast.

Moved over 300 threads in the new section. Please report if I missed any.

Wow that's great! It's a bit disappointing since there are so many of these types of games.
administrator
Activity: 3808
Merit: 3012
February 26, 2015, 10:29:43 AM
#10
That's great! It is great to see that the moderator moved so many ponzi topics to that section very fast.

Moved over 300 threads in the new section. Please report if I missed any.
legendary
Activity: 1064
Merit: 1000
February 26, 2015, 09:38:47 AM
#9
I hope those ponzis stay in that obscure subsection and no one visits there  Cheesy

It's hard for greedy people.

That's great! It is great to see that the moderator moved so many ponzi topics to that section very fast. Now.. there should be a sticky thread to warn user about ponzi.. Should there be?

A warning is shown, I think that is enough. Everybody know 'what/how is Ponzi' and 'when & what condition Ponzi collapses'. So 'stickied thread' may not be useful and I doubt people will read it.

   -MZ

seems like the supporters of that section is mainly new account, i guess people tend to make a new one to posted in there so that their main account wont be tarnish by supporting ponzis
full member
Activity: 140
Merit: 100
February 26, 2015, 06:07:51 AM
#8
its good to see the new section for those ponzi and now the gambling section is clean.. Smiley
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