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.
Topic: The cancer that is Ponzi - page 6. (Read 5787 times)
New categorization might be good, but what exactly distinguishes a Ponzi-type game from other gambling?
There is one thing that did it.
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.
Frankie has a good point about most new alt's being really bad.
....
Satoshi's such a scammer! Oh wait, no.
Do you deny that the subforum is filled with altcoins with little innovation, hyped in IPOs, given largely to insiders at launched, eventually pumped and cynically dumped? How is that sort of behavior less "cancerous" than a Ponzi scheme correctly labelled as a Ponzi scheme, posted in the basically-appropriate gambling forum?
Also BTC ponzi's are illegal (in the USA/Texas)
The IC3 doesn't care about it. I let them know a month ago and... nothing ....
Satoshi's such a scammer! Oh wait, no.
Do you deny that the subforum is filled with altcoins with little innovation, hyped in IPOs, given largely to insiders at launched, eventually pumped and cynically dumped? How is that sort of behavior less "cancerous" than a Ponzi scheme correctly labelled as a Ponzi scheme, posted in the basically-appropriate gambling forum?
Also BTC ponzi's are illegal (in the USA/Texas)
I think its only illegal if it is a hidden ponzi, e.g. it is promoted as an "investment". I may be wrong...
Compare that to the many dishonest de facto ponzi schemes I see advertised here: https://bitcointalk.org/index.php?board=159.0
You forgot the one you see here: https://bitcointalk.org/index.php?board=1.0I do not agree with this logic, I'm simply extending it.
Satoshi's such a scammer! Oh wait, no.
Do you deny that the subforum is filled with altcoins with little innovation, hyped in IPOs, given largely to insiders at launched, eventually pumped and cynically dumped? How is that sort of behavior less "cancerous" than a Ponzi scheme correctly labelled as a Ponzi scheme, posted in the basically-appropriate gambling forum?
This whole forum is bizarre.
It is, at first appearance, seemingly populated with somewhat intelligent, tech savvy people.
But when you actually look closer you realise it's mostly mongs, who've heard bitcoin is the best get rick quick scheme in existence, and are happily throwing bitcoin after bitcoin into schemes to get rich quick.
I actually wouldn't be surprised to hear one small team of people is behind all the ponzis, scam mining sites and vaporware companies.
Post in some Ponzi threads, and people will argue vehemently that X firm really is investing the 0.01 ($5.50) bitcoin they gave them, and isn't just a ponzi because - they have a slick website
It is, at first appearance, seemingly populated with somewhat intelligent, tech savvy people.
But when you actually look closer you realise it's mostly mongs, who've heard bitcoin is the best get rick quick scheme in existence, and are happily throwing bitcoin after bitcoin into schemes to get rich quick.
I actually wouldn't be surprised to hear one small team of people is behind all the ponzis, scam mining sites and vaporware companies.
Post in some Ponzi threads, and people will argue vehemently that X firm really is investing the 0.01 ($5.50) bitcoin they gave them, and isn't just a ponzi because - they have a slick website
New categorization might be good, but what exactly distinguishes a Ponzi-type game from other gambling?
Ponzi is a pyramid scheme. Also, these operators create outlandish rules where if you don't deposit in certain time frames, you don't get any BTC back. That's not gambling. That's stealing.
At least with other forms of gambling, the system is "provably fair" to an extent.
Frankie has a good point about most new alt's being really bad.
....
Satoshi's such a scammer! Oh wait, no.
Do you deny that the subforum is filled with altcoins with little innovation, hyped in IPOs, given largely to insiders at launched, eventually pumped and cynically dumped? How is that sort of behavior less "cancerous" than a Ponzi scheme correctly labelled as a Ponzi scheme, posted in the basically-appropriate gambling forum?
Also BTC ponzi's are illegal (in the USA/Texas)
....
Satoshi's such a scammer! Oh wait, no.
Do you deny that the subforum is filled with altcoins with little innovation, hyped in IPOs, given largely to insiders at launched, eventually pumped and cynically dumped? How is that sort of behavior less "cancerous" than a Ponzi scheme correctly labelled as a Ponzi scheme, posted in the basically-appropriate gambling forum?
Also BTC ponzi's are illegal (in the USA/Texas)
Compare that to the many dishonest de facto ponzi schemes I see advertised here: https://bitcointalk.org/index.php?board=159.0
You forgot the one you see here: https://bitcointalk.org/index.php?board=1.0I do not agree with this logic, I'm simply extending it.
Satoshi's such a scammer! Oh wait, no.
Do you deny that the subforum is filled with altcoins with little innovation, hyped in IPOs, given largely to insiders at launched, eventually pumped and cynically dumped? How is that sort of behavior less "cancerous" than a Ponzi scheme correctly labelled as a Ponzi scheme, posted in the basically-appropriate gambling forum?
also how in the hell did you arrive at 90% up there can you share your data pls
Code:
srand(time(NULL));
int r = rand() % 101;
Where you'll see scamming most often:
when the service takes 1 hour to start up.
when the service will receive revenue hours after starting.
when there is no repercussion for stealing all the money (the service can be restarted easily)
So, 90% of the time at minimum this will be a scam.
Where you'll see scamming less often:
when the service takes a longer time to gain users.
when the service will not receive much revenue until it is trusted.
when the service looses users and therefore revenue after scamming people;
The former is Ponzi, the latter is general gambling websites.
when the service takes 1 hour to start up.
when the service will receive revenue hours after starting.
when there is no repercussion for stealing all the money (the service can be restarted easily)
So, 90% of the time at minimum this will be a scam.
Where you'll see scamming less often:
when the service takes a longer time to gain users.
when the service will not receive much revenue until it is trusted.
when the service looses users and therefore revenue after scamming people;
The former is Ponzi, the latter is general gambling websites.
OKAY SURFER THANKS FOR THIS CLASSIFICATION also how in the hell did you arrive at 90% up there can you share your data pls
Where you'll see scamming most often:
when the service takes 1 hour to start up.
when the service will receive revenue hours after starting.
when there is no repercussion for stealing all the money (the service can be restarted easily)
So, 90% of the time at minimum this will be a scam.
Where you'll see scamming less often:
when the service takes a longer time to gain users.
when the service will not receive much revenue until it is trusted.
when the service looses users and therefore revenue after scamming people;
The former is Ponzi, the latter is general gambling websites.
when the service takes 1 hour to start up.
when the service will receive revenue hours after starting.
when there is no repercussion for stealing all the money (the service can be restarted easily)
So, 90% of the time at minimum this will be a scam.
Where you'll see scamming less often:
when the service takes a longer time to gain users.
when the service will not receive much revenue until it is trusted.
when the service looses users and therefore revenue after scamming people;
The former is Ponzi, the latter is general gambling websites.
I guess just words - if you present Ponzi as a game (while properly explaining its mechanism and informing that you can lose) and not as investment.
In the same manner you can present for example a bet also as an investment (you earn 100% of your money in only a day. Ok, team B must win .... but hey, 100%! Err ... good investment!)
Or if you sell some item, only words can then distinguish between honest sale (item with honest description) and scam (item performing much worse than what was promised, etc ....)
So ... words, words and words .... that is IMHO the borderline between game and scam for Ponzis.
In the same manner you can present for example a bet also as an investment (you earn 100% of your money in only a day. Ok, team B must win .... but hey, 100%! Err ... good investment!)
Or if you sell some item, only words can then distinguish between honest sale (item with honest description) and scam (item performing much worse than what was promised, etc ....)
So ... words, words and words .... that is IMHO the borderline between game and scam for Ponzis.
Honestly, if people are dumb enough to willingly join a Ponzi scheme thinking they'll somehow outwit it, or invest in a bitcoin IPO thinking they'll make millions, or send real money to a bitcoin exchange, let them. People should learn what Bitcoin is, and losing all your savings in a Ponzi or bitcoin stock or a bitcoin exchange is a good lesson.
Looks like this complaint is falling on deaf ears. The amount of complicity for scamming on this forum is incredible.
I spend a bit of time on these forums fighting scams, and there are others that spend way more time than me.
I don't bother with the ponzis because they are so obvious. I would rather spend my limited time exposing the scams that are more tricky, complex or misleading.
If a person is going to be scammed with something so obvious, maybe they need to learn the hard way?
New categorization might be good, but what exactly distinguishes a Ponzi-type game from other gambling?
Compare that to the many dishonest de facto ponzi schemes I see advertised here: https://bitcointalk.org/index.php?board=159.0
You forgot the one you see here: https://bitcointalk.org/index.php?board=1.0I do not agree with this logic, I'm simply extending it.
Honest ponzi schemes don't strike me as particularly evil. I don't know why people would want to play musical chairs where the operator gets most of the profit for no real contribution, but knock yourself out. It is like casino gambling in that the house always wins. I see a case for a subforum to distinguish it from spamming up "real" gambling, but it doesn't intrinsically bother me much.
Compare that to the many dishonest de facto ponzi schemes I see advertised here: https://bitcointalk.org/index.php?board=159.0
Compare that to the many dishonest de facto ponzi schemes I see advertised here: https://bitcointalk.org/index.php?board=159.0
Looks like this complaint is falling on deaf ears. The amount of complicity for scamming on this forum is incredible.
99% of the time suggestions are not acted on even if the majority of people agree.
That's a serious forum issue in my opinion.
I think best way to stop it is just to let people decide do they want to play or not.
And as I can see a lot of ppls play ponzis. So ... maybe jusy we don't get it .
Looks like this complaint is falling on deaf ears. The amount of complicity for scamming on this forum is incredible.
99% of the time suggestions are not acted on even if the majority of people agree.
That's a serious forum issue in my opinion.
I wrote "If you wanna gamble your money" - casino is best way.
Gamle = you can win/ or lose
Gamle = you can win/ or lose
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