95% of poniz are scam.
You think 5% of ponzis are not scams?
All ponzis are scams. New money to pay old debts.
A lot of ponzis also happen on btcjam daily.
I don't think so.
Think of it as a donation.
Topic: The cancer that is Ponzi - page 5. (Read 5787 times)
You think 5% of ponzis are not scams?
All ponzis are scams. New money to pay old debts.
A lot of ponzis also happen on btcjam daily.
I don't think so.
Think of it as a donation.
There is a reason Ponzi are criminal. Why else would Bernie Madoff gone to prison? Is it no longer a game when it involves millions of dollars?
The reality is there are no set odds to the "game" of Ponzi because it is stacked against you from the start to only benefit the operator. If you fail to see this, I really cannot explain it any other way.
The reality is there are no set odds to the "game" of Ponzi because it is stacked against you from the start to only benefit the operator. If you fail to see this, I really cannot explain it any other way.
There is a difference between deceiving people and offering all sorts of "investments" which turn out to be ponzis, and inviting people to gamble money into something that calls itself a ponzi, where the rules are known upfront.
That's the key difference.
When it's calling itself a ponzi, you know that the operator will win in the end--there's no deception in it--not unlike other forms of gambling, really. The only thing that really distinguishes it is that unlike casino banking games, players have an incentive to recruit more suckers so that they aren't holding the bag in the end. Kind of like a stupid form of poker, I guess, where the house rake is huge.
To each his own though.
There is a reason Ponzi are criminal. Why else would Bernie Madoff gone to prison? Is it no longer a game when it involves millions of dollars?
The reality is there are no set odds to the "game" of Ponzi because it is stacked against you from the start to only benefit the operator. If you fail to see this, I really cannot explain it any other way.
The reality is there are no set odds to the "game" of Ponzi because it is stacked against you from the start to only benefit the operator. If you fail to see this, I really cannot explain it any other way.
There is a difference between deceiving people and offering all sorts of "investments" which turn out to be ponzis, and inviting people to gamble money into something that calls itself a ponzi, where the rules are known upfront.
Are you being serious? It's like this forum and staff want to be help perpetuate the notion that bitcoin is only for drugs, gambling and money laundering.
I'm done trying to help out and be honest. Go to town fucking each other.
There is a reason Ponzi are criminal. Why else would Bernie Madoff gone to prison? Is it no longer a game when it involves millions of dollars?
The reality is there are no set odds to the "game" of Ponzi because it is stacked against you from the start to only benefit the operator. If you fail to see this, I really cannot explain it any other way.
The reality is there are no set odds to the "game" of Ponzi because it is stacked against you from the start to only benefit the operator. If you fail to see this, I really cannot explain it any other way.
There is a difference between deceiving people and offering all sorts of "investments" which turn out to be ponzis, and inviting people to gamble money into something that calls itself a ponzi, where the rules are known upfront.
Ponzi owners say to users that is "120%" "LEGIT" "STABLE" and other shit. They do not say - you MIGHT lost lost your money.
When you place a bet @casino - you know what you are doing and you know before you place a bet that you can be a looser or a winner
that is main different between Ponzi and other gambling projects.
When you place a bet @casino - you know what you are doing and you know before you place a bet that you can be a looser or a winner
that is main different between Ponzi and other gambling projects.
PonziCoin says "So, I could lose all my investment? -> Yes, that is the gamble you take when playing Ponzi games," and, "you should never deposit more than you can risk losing." Does this make PonziCoin not a ponzi?
If there are many people who like traditional gambling games and not Ponzis, then a category should probably be created, but I'm not sure where the line would be drawn between Ponzis and other games. Maybe traditional games must be based 100% on chance? But that'd eliminate many other games as well.
Are you serious? Casino games can be provably fair. You don't go in expecting to win. It's a chance.
If you're good at poker, you might go into a poker game expecting to win in a high percentage of games. Similarly, people skilled at playing Ponzis might expect to win often enough to get ahead. In both cases, newbies are very likely to lose a lot.
I think that it might actually be possible to make a Ponzi game trustless using advanced Bitcoin features like LockTime.
You aren't playing poker against the house. There is no house edge. Only a rake. You can't make the same comparison to traditional casino games.
There is a reason Ponzi are criminal. Why else would Bernie Madoff gone to prison? Is it no longer a game when it involves millions of dollars?
The reality is there are no set odds to the "game" of Ponzi because it is stacked against you from the start to only benefit the operator. If you fail to see this, I really cannot explain it any other way.
At least create a subforum for pyramid schemes.
Ponzi owners say to users that is "120%" "LEGIT" "STABLE" and other shit. They do not say - you MIGHT lost lost your money.
When you place a bet @casino - you know what you are doing and you know before you place a bet that you can be a looser or a winner
that is main different between Ponzi and other gambling projects.
When you place a bet @casino - you know what you are doing and you know before you place a bet that you can be a looser or a winner
that is main different between Ponzi and other gambling projects.
PonziCoin says "So, I could lose all my investment? -> Yes, that is the gamble you take when playing Ponzi games," and, "you should never deposit more than you can risk losing." Does this make PonziCoin not a ponzi?
If there are many people who like traditional gambling games and not Ponzis, then a category should probably be created, but I'm not sure where the line would be drawn between Ponzis and other games. Maybe traditional games must be based 100% on chance? But that'd eliminate many other games as well.
Are you serious? Casino games can be provably fair. You don't go in expecting to win. It's a chance.
If you're good at poker, you might go into a poker game expecting to win in a high percentage of games. Similarly, people skilled at playing Ponzis might expect to win often enough to get ahead. In both cases, newbies are very likely to lose a lot.
I think that it might actually be possible to make a Ponzi game trustless using advanced Bitcoin features like LockTime.
I think this is the crux of it all. Are these "games" which are labelled as ponzis, actually ponzis? They use the same "business model" as ponzis, however beneath it all true Ponzis are scams; fraudulent and deceptive.
How can something which clearly defines its purpose, be either fraudulent or deceptive?
Bias-ly, I honest believe, certainly what PonziCoin is offering, to be another form of gambling. Perhaps it doesn’t belong in the main gambling section, perhaps it's not a "gamble" everyone would like to participate in, but it is by no means a "scam".
Yes of course you're biased since you're a sleazy ponzi operator.
Ponzi owners say to users that is "120%" "LEGIT" "STABLE" and other shit. They do not say - you MIGHT lost lost your money.
When you place a bet @casino - you know what you are doing and you know before you place a bet that you can be a looser or a winner
that is main different between Ponzi and other gambling projects.
When you place a bet @casino - you know what you are doing and you know before you place a bet that you can be a looser or a winner
that is main different between Ponzi and other gambling projects.
PonziCoin says "So, I could lose all my investment? -> Yes, that is the gamble you take when playing Ponzi games," and, "you should never deposit more than you can risk losing." Does this make PonziCoin not a ponzi?
If there are many people who like traditional gambling games and not Ponzis, then a category should probably be created, but I'm not sure where the line would be drawn between Ponzis and other games. Maybe traditional games must be based 100% on chance? But that'd eliminate many other games as well.
Are you serious? Casino games can be provably fair. You don't go in expecting to win. It's a chance.
If you're good at poker, you might go into a poker game expecting to win in a high percentage of games. Similarly, people skilled at playing Ponzis might expect to win often enough to get ahead. In both cases, newbies are very likely to lose a lot.
I think that it might actually be possible to make a Ponzi game trustless using advanced Bitcoin features like LockTime.
I think this is the crux of it all. Are these "games" which are labelled as ponzis, actually ponzis? They use the same "business model" as ponzis, however beneath it all true Ponzis are scams; fraudulent and deceptive.
How can something which clearly defines its purpose, be either fraudulent or deceptive?
Bias-ly, I honest believe, certainly what PonziCoin is offering, to be another form of gambling. Perhaps it doesn’t belong in the main gambling section, perhaps it's not a "gamble" everyone would like to participate in, but it is by no means a "scam".
Ponzi owners say to users that is "120%" "LEGIT" "STABLE" and other shit. They do not say - you MIGHT lost lost your money.
When you place a bet @casino - you know what you are doing and you know before you place a bet that you can be a looser or a winner
that is main different between Ponzi and other gambling projects.
When you place a bet @casino - you know what you are doing and you know before you place a bet that you can be a looser or a winner
that is main different between Ponzi and other gambling projects.
PonziCoin says "So, I could lose all my investment? -> Yes, that is the gamble you take when playing Ponzi games," and, "you should never deposit more than you can risk losing." Does this make PonziCoin not a ponzi?
If there are many people who like traditional gambling games and not Ponzis, then a category should probably be created, but I'm not sure where the line would be drawn between Ponzis and other games. Maybe traditional games must be based 100% on chance? But that'd eliminate many other games as well.
Are you serious? Casino games can be provably fair. You don't go in expecting to win. It's a chance.
If you're good at poker, you might go into a poker game expecting to win in a high percentage of games. Similarly, people skilled at playing Ponzis might expect to win often enough to get ahead. In both cases, newbies are very likely to lose a lot.
I think that it might actually be possible to make a Ponzi game trustless using advanced Bitcoin features like LockTime.
95% of poniz are scam.
You think 5% of ponzis are not scams?
All ponzis are scams. New money to pay old debts.
A lot of ponzis also happen on btcjam daily.
I said 95% because I dont want to say 100% because I cannot be sure is it really 100%.
Perhaps it is.
This are reasons why I dislije ponzis
100% are scams because of the setup. How would it be logical to permanently receive more money than put in?
This is the same as the first law of thermodynamics. You can't get more work out of something than you put in a closed system.
The pyramid of "investors" keeps stacking until the latest "investors" can no longer be paid out and the pyramid collapses crushing any chumps that thought they could make a quick buck.
This isn't gambling. This is stealing by preying on greed.
95% of poniz are scam.
You think 5% of ponzis are not scams?
All ponzis are scams. New money to pay old debts.
A lot of ponzis also happen on btcjam daily.
I said 95% because I dont want to say 100% because I cannot be sure is it really 100%.
Perhaps it is.
This are reasons why I dislike ponzis
New categorization might be good, but what exactly distinguishes a Ponzi-type game from other gambling?
This.
I have been running a ponzi site for more than a week now, we are currently on to round #3. Players understand and appreciate that when deposits dry up, a new round is started meaning those who have deposited towards the end of the previous round lose. That's the nature of a ponzi.
I think the term ponzi is probably misleading though as "ponzi" suggests deception. There is no deception involved here, players are aware of what they are gambling on, and they take that risk. For some, the rewards are bigger than playing in a casino, for others they lose their entire deposit. That's the risk they take.
The problem comes when "newbies" (which I still class myself as) come in trying to "get rich quick". They make a few payouts, but more often than not eventually disappear with the majority of deposits. This is what needs clamping down on, and this is not unique to ponzis.
Perhaps a restriction on starting a thread in the gambling section? You must be a full member or similar to try cut down on new users instantly advertising their site?
Then you could say that all casino games are sc.am as well, what is your definition of a sc.am??
If the ponzi owner doesn't run away with the money and if he doesn't advertise the ponzi as a safe investment it looks like a gambling game to me
If the ponzi owner doesn't run away with the money and if he doesn't advertise the ponzi as a safe investment it looks like a gambling game to me
Are you serious? Casino games can be provably fair. You don't go in expecting to win. It's a chance.
With a ponzi, someone is guaranteed to be ripped off, even if there is only one person! As soon as the first person has deposited, the ponzi can no longer pay everything that is owed, and requires new deposits to pay old debts.
95% of poniz are scam.
You think 5% of ponzis are not scams?
All ponzis are scams. New money to pay old debts.
A lot of ponzis also happen on btcjam daily.
Then you could say that all casino games are sc.am as well, what is your definition of a sc.am??
If the ponzi owner doesn't run away with the money and if he doesn't advertise the ponzi as a safe investment it looks like a gambling game to me
95% of poniz are scam.
You think 5% of ponzis are not scams?
All ponzis are scams. New money to pay old debts.
A lot of ponzis also happen on btcjam daily.
I have a suggestion : create a Ponzi section and not allow newbies to create a post in this section, it will mean that only bitcointalk members that have been here for a while can post and create a new ponzi, that will avoid a lot of chea.p scams
Ponzis are a gambling game, I don't think they are way more evil than regular gambling if the owner is not luring people into thinking it is an investment and if he is not running away with the money.
There are many legit sites who like to start a topic with an official casino account. Not sure if this is the best solution. But I agree there must be something done against these sketchy ponzis. Just way too many of them.Ponzis are a gambling game, I don't think they are way more evil than regular gambling if the owner is not luring people into thinking it is an investment and if he is not running away with the money.
Way to many is to little to say :-)
95% of poniz are scam.
What I suggest is : ponzi section.
Just to stop this ponzi mess..
It will not stop scammers but perhpaps this part is harder to do.
I have a suggestion : create a Ponzi section and not allow newbies to create a post in this section, it will mean that only bitcointalk members that have been here for a while can post and create a new ponzi, that will avoid a lot of chea.p scams
Ponzis are a gambling game, I don't think they are way more evil than regular gambling if the owner is not luring people into thinking it is an investment and if he is not running away with the money.
There are many legit sites who like to start a topic with an official casino account. Not sure if this is the best solution. But I agree there must be something done against these sketchy ponzis. Just way too many of them.Ponzis are a gambling game, I don't think they are way more evil than regular gambling if the owner is not luring people into thinking it is an investment and if he is not running away with the money.
edit: I just read that the "newbies restriction" would be on that new ponzi section only. That is a good idea. I thought it was about the gambling section, sorry
I have a suggestion : create a Ponzi section and not allow newbies to create a post in this section, it will mean that only bitcointalk members that have been here for a while can post and create a new ponzi, that will avoid a lot of chea.p scams
Ponzis are a gambling game, I don't think they are way more evil than regular gambling if the owner is not luring people into thinking it is an investment and if he is not running away with the money.
Ponzis are a gambling game, I don't think they are way more evil than regular gambling if the owner is not luring people into thinking it is an investment and if he is not running away with the money.
If ponzi section will be created and newbies and jr members will be not allowd to post there then there are going to be no ponzi at all.
99, 9% of ponzi threads are posted by users with activity <10.
:-)
There has been 1-3 ponzis that have been created by members, they didn't sc.am
Some of the ponzi owners will eventually get to the Jr status if they are dedicated, I am thinking about ponzicoin, ponzi120 and ponzimatic so it will just eliminate most the sc.ams and a lot of uninteresting ponzis
I have a suggestion : create a Ponzi section and not allow newbies to create a post in this section, it will mean that only bitcointalk members that have been here for a while can post and create a new ponzi, that will avoid a lot of chea.p scams
Ponzis are a gambling game, I don't think they are way more evil than regular gambling if the owner is not luring people into thinking it is an investment and if he is not running away with the money.
Ponzis are a gambling game, I don't think they are way more evil than regular gambling if the owner is not luring people into thinking it is an investment and if he is not running away with the money.
This solution would wipe ponzi. It's only invested and promoted by brand new accounts to make it seem popular.
Yes fhats what I was sayin before.
I think if people want to play ponzi let them play :-) so I think create ponzi section and then let people choose do they want to play or not..
I have a suggestion : create a Ponzi section and not allow newbies to create a post in this section, it will mean that only bitcointalk members that have been here for a while can post and create a new ponzi, that will avoid a lot of chea.p scams
Ponzis are a gambling game, I don't think they are way more evil than regular gambling if the owner is not luring people into thinking it is an investment and if he is not running away with the money.
Ponzis are a gambling game, I don't think they are way more evil than regular gambling if the owner is not luring people into thinking it is an investment and if he is not running away with the money.
This solution would wipe ponzi. It's only invested and promoted by brand new accounts to make it seem popular.
I have a suggestion : create a Ponzi section and not allow newbies to create a post in this section, it will mean that only bitcointalk members that have been here for a while can post and create a new ponzi, that will avoid a lot of chea.p scams
Ponzis are a gambling game, I don't think they are way more evil than regular gambling if the owner is not luring people into thinking it is an investment and if he is not running away with the money.
Ponzis are a gambling game, I don't think they are way more evil than regular gambling if the owner is not luring people into thinking it is an investment and if he is not running away with the money.
If ponzi section will be created and newbies and jr members will be not allowd to post there then there are going to be no ponzi at all.
99, 9% of ponzi threads are posted by users with activity <10.
:-)
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