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Topic: The Low Down on Ponzi Schemes (Read 1720 times)

full member
Activity: 224
Merit: 100
January 25, 2015, 10:44:28 AM
#30
Um, how about threat the people so they didn't want to make any ponzi? People make ponzi because they want to fraud the investors, don't just ban their account, but threat them!
uki
legendary
Activity: 1358
Merit: 1000
cryptojunk bag holder
January 24, 2015, 12:31:21 PM
#29
THIS IMAGE IN EVERY PONZI THREAD

GO GO GO
that is a great idea. I will post the link to this thread in every new ponzi scheme, so that people can read about it.
legendary
Activity: 1022
Merit: 1010
January 24, 2015, 05:34:26 AM
#28
The people defending ponzis will tell you it's a game not a scam because the implied fact you will lose money is part of the gamble.

Also there WILL be 'investors' who know all these facts and still want to double their holdings overnight, ignoring everything they know.

As I read somewhere on this forum, the world never runs out of fools.
Some gamblers will know the risks of "investing" in these schemes, however most do not. Also the gamblers that do know the risks do not know when exactly when the operators of such schemes will run away with gamblers' money.

At the end of the day these ponzis are only giving bitcoin a bad name and are unfair to players. I think I am going to stick with provably fair sites for now Wink

A Ponzi is not a game. Ponzi's are a type of "Fraud".  Fraud is a crime. Calling a crime by another name does not eliminate the crime. I could say we're going to go play a game called "Robbing Banks".... well I'm sure you get my point. Wink

Strato
member
Activity: 70
Merit: 10
January 24, 2015, 03:30:44 AM
#27
lots if poinzi thread  in gambling section can mods make extra sub form in games and round section poinzi = scam
legendary
Activity: 1120
Merit: 1000
January 24, 2015, 03:03:31 AM
#26
At least the ponzis here say that they are ponz(well, at least the ones in gambling section). I think your post would be good in the cloud mining section, if we had one.

And I never thought someone would be able to ponzy $65 B(!) and escape 6 SEC investigations.
legendary
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
January 24, 2015, 01:41:33 AM
#25
I still think some of the ponzi games such as what are being run at the moment in the gambling section should be allowed.. xD

Agreed... But not at the cost of harming people's investments, their hard earned BTC...
I know that ponzi's ponzi, and in the end, it's the people who will lose their investment, and it may sound silly, but ponzis must be allowed based on the betterment and upgrade they will add into them so that instead of more people lose, more people gain... Here, the more people gain the better... Wink
full member
Activity: 223
Merit: 100
January 23, 2015, 10:39:59 PM
#24
I still think some of the ponzi games such as what are being run at the moment in the gambling section should be allowed.. xD
sr. member
Activity: 364
Merit: 250
January 23, 2015, 10:36:35 PM
#23
Wow, $65 Billion... This shows how easy it is to fool anyone [...]

What amazes me is that the biggest scammer of them all was former chairman of NASDAQ and he survived 6 SEC investigations.



people still cant see that those schemes are the same as these ponzis popping up looking for "investors"
hero member
Activity: 994
Merit: 500
January 23, 2015, 09:19:48 PM
#22
Very nice bit of info. Love a good post that I can take something away from. The sad truth about bitcoin ponzis or the ones that we have seen more recently is that they blatantly call it a Ponzi and everyone goes in with that knowledge from the start.
hero member
Activity: 840
Merit: 1000
January 23, 2015, 09:10:30 PM
#21
The people defending ponzis will tell you it's a game not a scam because the implied fact you will lose money is part of the gamble.

Also there WILL be 'investors' who know all these facts and still want to double their holdings overnight, ignoring everything they know.

As I read somewhere on this forum, the world never runs out of fools.

Those "investors" deserve to lose money because of silly and greedy. Tongue
newbie
Activity: 41
Merit: 0
January 23, 2015, 07:58:28 PM
#20
The people defending ponzis will tell you it's a game not a scam because the implied fact you will lose money is part of the gamble.

True on the gamble part.!! n a really sad one.!! the odds of winning is really less.!
legendary
Activity: 1288
Merit: 1000
January 23, 2015, 07:54:16 PM
#19
Wow, $65 Billion... This shows how easy it is to fool anyone [...]

What amazes me is that the biggest scammer of them all was former chairman of NASDAQ and he survived 6 SEC investigations.



It is nothing special. After all it is common knowledge that high&important figures steal the most out of a cake. It is natural and do not amaze me at all. Power corrupt people.
full member
Activity: 196
Merit: 104
January 23, 2015, 07:43:18 PM
#18
Wow, $65 Billion... This shows how easy it is to fool anyone and make them believe and take in confidence, saying "I can pay you 50% to 100% in just 3 months..."

Seriously, we need to wake up and should know that it's never too easy to get paid those %s ever from anyone even if they got a magic stick which can convert the money into Gold... Tongue

@sgk,
Thanks a lot for posting this, great info... And the graphics are cool... Smiley

Well thats not exactly how those real life guys advertise their ponzi schemes. A random guy could come up and say, bank interest rate is 8%, and I am offering you 15. Obviously sounds tempting, if he actually is paying out all customers. And Hard to say if its a ponzi.
full member
Activity: 308
Merit: 100
I'm nothing without GOD
January 23, 2015, 06:21:46 PM
#17
People are still doing ponzis even after all the pain they have caused?
full member
Activity: 182
Merit: 100
January 23, 2015, 05:30:17 PM
#16
The people defending ponzis will tell you it's a game not a scam because the implied fact you will lose money is part of the gamble.
Not really the truth that is happening.
Some people create newbie accounts do ponzi and run away mid way if 1 BTC is deposited .Then they are starting again with new accounts.
legendary
Activity: 1232
Merit: 1014
FPV Drone Pilot
January 23, 2015, 02:11:29 PM
#15
THIS IMAGE IN EVERY PONZI THREAD

GO GO GO
sr. member
Activity: 364
Merit: 250
January 23, 2015, 02:07:57 PM
#14
great info, maybe thisll help people understand ponzis dont work
sr. member
Activity: 378
Merit: 250
January 23, 2015, 01:18:00 PM
#13
I personally don't have a problem with ponzi schemes as long as they are totally open about it. You know the rules, so if you play, you should know the risks.
therte are no problems with it if they dont overtake the gambling thread what happens now
legendary
Activity: 2128
Merit: 1002
January 23, 2015, 11:21:27 AM
#12
Thanks for the infographics, good reminder to all future investors in ponzis.
sr. member
Activity: 310
Merit: 250
January 23, 2015, 11:16:17 AM
#11
I personally don't have a problem with ponzi schemes as long as they are totally open about it. You know the rules, so if you play, you should know the risks.
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