Ponzis are only allowed here because theymos makes a fortunes off these guys.
Greed has paved the way for more human suffering. It's totally disgusting and gives bitcoin a bad name.
Apparently putting the fine print "Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here." allows theymos to sleep at night. He's more than happy to neglect his responsibility so he can make more BTCBTC.
I'm bitterly disappointed in you theymos. Shame on you.
Shame shame shame.
I'm Derryn Hinch.
Topic: The cancer that is Ponzi - page 2. (Read 5787 times)
Sorry if it would be offtopic,
But this :.
Update: As of round #7, the last deposit in every round is guaranteed to be paid out at 200%!!!!
actually this would not make a non-idiot person to deposit.
But if you know, ponzi are not a games where one deposit pay ones..
But this :.
Update: As of round #7, the last deposit in every round is guaranteed to be paid out at 200%!!!!
actually this would not make a non-idiot person to deposit.
But if you know, ponzi are not a games where one deposit pay ones..
99% of them are spammers as well, seems to be quite a large overlap, most have been banned for that.
What's up?
Did you counted how many new ponzis we had today?
I mean, is number decreasing because IMO it seems so.
Did you counted how many new ponzis we had today?
I mean, is number decreasing because IMO it seems so.
^The same thing that distinguishes Three-Card Monte from other card games -- the near certainty of being a scam.
My guess would be that a third of ponzis were sc.ams, is it a lot or not I let you decide
Ponzicoin has been paying and is now using escrow (my idea
) it feels pretty safe to gamble them, it advertises itself as a ponzi and I would estimate that more than 90% of the money bet is bet by players knowing they are gambling and they can lose
Ponzis are bad in the sense that it is gambling and ponzis on bitcointalk have been used by sc.ammers to get a quick buck; it could be solve by blocking newbies to create new threads on the ponzi section once created
It's up to everyone to make their own risk-reward calculation when gambling. Ponzicoin has been paying and is now using escrow (my idea
) it feels pretty safe to gamble them, it advertises itself as a ponzi and I would estimate that more than 90% of the money bet is bet by players knowing they are gambling and they can losePonzis are bad in the sense that it is gambling and ponzis on bitcointalk have been used by sc.ammers to get a quick buck; it could be solve by blocking newbies to create new threads on the ponzi section once created
My guess would be that a third of ponzis were sc.ams, is it a lot or not I let you decide
Ponzicoin has been paying and is now using escrow (my idea) it feels pretty safe to gamble them, it advertises itself as a ponzi and I would estimate that more than 90% of the money bet is bet by players knowing they are gambling and they can lose
Ponzis are bad in the sense that it is gambling and ponzis on bitcointalk have been used by sc.ammers to get a quick buck; it could be solve by blocking newbies to create new threads on the ponzi section once created
Ponzicoin has been paying and is now using escrow (my idea
) it feels pretty safe to gamble them, it advertises itself as a ponzi and I would estimate that more than 90% of the money bet is bet by players knowing they are gambling and they can losePonzis are bad in the sense that it is gambling and ponzis on bitcointalk have been used by sc.ammers to get a quick buck; it could be solve by blocking newbies to create new threads on the ponzi section once created
Let the people make their own bad decisions, ignore these offers if you're smart enough to see what they're
really about. Don't ban something just cause a small % of the forum user base gets scammed.
#prochoice
really about. Don't ban something just cause a small % of the forum user base gets scammed.
#prochoice
You could just ignore them? That's what I do for all Ponzi / gambling offers. The thing I find pointless about gambling is that it comes with a guarantee of probable losses. Why not just burn your money to light a joint? At least you will have a lit joint when it's over.
Just move ponzis and pyramids to a separate section and that's it. And put some restrictions for being able to post new threads in the gambling section, please.
... the deposits players made could be described as an investment.
True enough. Flushing money down the toilet could also be described as an investment. Props 4 ur mad language skillz.
I suggest you first define a ponzi and then define what the majority or sites are offering - do true ponzis label themselves as Ponzis? No. Do true ponzis warn investors they may not get their money back? No Do true ponzis have "rounds" which occur when funds dry up? No.
There is a clear difference.
There is a clear difference.
Defined by Merriam Webster.
Ponzi
- an investment swindle in which some early investors are paid off with money put up by later ones in order to encourage more and bigger risks
Your site and many others fit this bill to the tee. Case closed.
Not quite.
1) These are not investment opportunities - at no point are they sold as an investment, at no point are returns guaranteed
Are you saying this about other Ponzis or yours?
My argument is of course based around my own site, as I cannot, nor would I want to speak for any other operators.
That's what had me confused because you yourself use the terms 'investment' and 'guaranteed returns':
PonziCoin - The simplest BitCoin Ponzi
Update: As of round #7, the last deposit in every round is guaranteed to be paid out at 200%!!!!
120% Return on Investment
And that is true, although slightly outdated now.
Fees are taken throughout the round, those fees are used to repay the last deposit at 200% (so somewhat deviating from your stereo-typical ponzi) any remaining fees left over became my taking for that round.
Therefore the last deposit is guaranteed, none in-between are.
Return on investment is a turn of phrase and perhaps not a good one in this case however, as has been pointed out "the investing of money or capital in order to gain profitable returns, as interest, income, or appreciation in value." whether it is guaranteed or not, the deposits players made could be described as an investment.
I am trying new strategy 
On each new thread with Ponzi xxx% I post a question: "What are chances to lose? You say xxx% profit, but I do not see possibilities to lose? So are you making a charity? Or there is a possibility that I will lost my btc @ your game?"
And what I saw - most of ponzi owners ARE RESPONDING and telling that yes - you can lose when no one else will deposit money after you
And I am happy because at least they are not lying
So When you see a new ponzi thread just post there something simmilar "What are chances to lose? You say xxx% profit, but I do not see possibilities to lose? So are you making a charity? Or there is a possibility that I will lost my btc @ your game?"
On each new thread with Ponzi xxx% I post a question: "What are chances to lose? You say xxx% profit, but I do not see possibilities to lose? So are you making a charity? Or there is a possibility that I will lost my btc @ your game?"
And what I saw - most of ponzi owners ARE RESPONDING
and telling that yes - you can lose when no one else will deposit money after you And I am happy because at least they are not lying
So
When you see a new ponzi thread just post there something simmilar "What are chances to lose? You say xxx% profit, but I do not see possibilities to lose? So are you making a charity? Or there is a possibility that I will lost my btc @ your game?" global moderator
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I suggest you first define a ponzi and then define what the majority or sites are offering - do true ponzis label themselves as Ponzis? No. Do true ponzis warn investors they may not get their money back? No Do true ponzis have "rounds" which occur when funds dry up? No.
There is a clear difference.
There is a clear difference.
Defined by Merriam Webster.
Ponzi
- an investment swindle in which some early investors are paid off with money put up by later ones in order to encourage more and bigger risks
Your site and many others fit this bill to the tee. Case closed.
Not quite.
1) These are not investment opportunities - at no point are they sold as an investment, at no point are returns guaranteed
Are you saying this about other Ponzis or yours?
My argument is of course based around my own site, as I cannot, nor would I want to speak for any other operators.
That's what had me confused because you yourself use the terms 'investment' and 'guaranteed returns':
PonziCoin - The simplest BitCoin Ponzi
Update: As of round #7, the last deposit in every round is guaranteed to be paid out at 200%!!!!
120% Return on Investment
I suggest you first define a ponzi and then define what the majority or sites are offering - do true ponzis label themselves as Ponzis? No. Do true ponzis warn investors they may not get their money back? No Do true ponzis have "rounds" which occur when funds dry up? No.
There is a clear difference.
There is a clear difference.
Defined by Merriam Webster.
Ponzi
- an investment swindle in which some early investors are paid off with money put up by later ones in order to encourage more and bigger risks
Your site and many others fit this bill to the tee. Case closed.
Not quite.
1) These are not investment opportunities - at no point are they sold as an investment, at no point are returns guaranteed
Are you saying this about other Ponzis or yours?
My argument is of course based around my own site, as I cannot, nor would I want to speak for any other operators.
I'm not denying their are scammers starting their own Ponzis for a quick buck, but there are scammers in all walks of life.
global moderator
Activity: 3990
Merit: 2717
Join the world-leading crypto sportsbook NOW!
I suggest you first define a ponzi and then define what the majority or sites are offering - do true ponzis label themselves as Ponzis? No. Do true ponzis warn investors they may not get their money back? No Do true ponzis have "rounds" which occur when funds dry up? No.
There is a clear difference.
There is a clear difference.
Defined by Merriam Webster.
Ponzi
- an investment swindle in which some early investors are paid off with money put up by later ones in order to encourage more and bigger risks
Your site and many others fit this bill to the tee. Case closed.
Not quite.
1) These are not investment opportunities - at no point are they sold as an investment, at no point are returns guaranteed
Are you saying this about other Ponzis or yours?
Not quite.
1) These are not investment opportunities - at no point are they sold as an investment, at no point are returns guaranteed
2) There is no encouragement for players to arrive late in rounds - the majority are smart enough to wait until the next round in hope of achieving their desired return.
1) These are not investment opportunities - at no point are they sold as an investment, at no point are returns guaranteed
2) There is no encouragement for players to arrive late in rounds - the majority are smart enough to wait until the next round in hope of achieving their desired return.
1. Please understand what an investment is before you try and argue a moot point.
Investment (Merriam-Webster)
- the investing of money or capital in order to gain profitable returns, as interest, income, or appreciation in value.
It is irrelevant whether there is a "guarantee" on returns. Try rebadging shares as something else because there is no "guarantee" and you'll get laughed all the way to an asylum.
2. Understand semantics before you argue. "early investors are paid off with money put up by later ones in order to encourage". People are encouraged by the fact that some idiot earlier in the queue is getting paid off with a later guys funds and hence wish to join in too.
Thats for the players to decide though. Someone wins $100,000 on a scratch card so 10 other people go out and buy more scratch cards and don’t win anything. By your definition that is "encouragement". Is it also an investment; the investing of money or capital in order to gain profitable returns?
That must be a scam, ponzi, illegal, immoral too!
I appreciate not everyone likes ponzis, and the majority will never play one. However, using your own definitions, what most sites (certainly my own) is offering, is nothing worse than any other gambling, lottery, bingo site etc.
The risk of losing your coins is the calculated gamble players take.
Every gambling related event is ponzi that people are aware in some way. It is like lottery. You buy tickets, one person wins all other people money.
Not quite.
1) These are not investment opportunities - at no point are they sold as an investment, at no point are returns guaranteed
2) There is no encouragement for players to arrive late in rounds - the majority are smart enough to wait until the next round in hope of achieving their desired return.
1) These are not investment opportunities - at no point are they sold as an investment, at no point are returns guaranteed
2) There is no encouragement for players to arrive late in rounds - the majority are smart enough to wait until the next round in hope of achieving their desired return.
1. Please understand what an investment is before you try and argue a moot point.
Investment (Merriam-Webster)
- the investing of money or capital in order to gain profitable returns, as interest, income, or appreciation in value.
It is irrelevant whether there is a "guarantee" on returns. Try rebadging shares as something else because there is no "guarantee" and you'll get laughed all the way to an asylum.
2. Understand semantics before you argue. "early investors are paid off with money put up by later ones in order to encourage". People are encouraged by the fact that some idiot earlier in the queue is getting paid off with a later guys funds and hence wish to join in too.
Not other then that how about a few of the newbies that came on here almost the same time you showed up, how we know your not the same early investor? Ponzi is a dangerous and illegal investment activity. I think is best we all keep reporting there wesbites to the hosts, lets see how much can they afford to keep opening these games.
You can think what you want of me, I dont particularly care. I am here defending the type of site which I operate. I assume the mods\admin could GeoIP track to determine any users creating multiple accounts (using well known proxies etc). I suspect at least 1 well known ponzi-game was doing this until it all went quite a couple of days ago.
Personally, I have already spoke to my host - they are not blinded by the same tunnel vision as yourself - so feel free to bombard them with your spam.
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