I am Ponzi.
Topic: What is ponzi? I give 0.05 btc to the best answer (Read 1830 times)
Its a big hole in the ground to throw loads of money into it, looks like that bit from the starwars flick, Sarlacc IIRC.
For information about the world's largest ponzi scheme, you should read up on Bernie Madoff. The things he did to all those people who were suckered into thinking they would be getting money back was totally reprehensible. I mean, you had senior citizens investing their life savings and getting nothing in return all for one person's greed.
Quote
HBO is making a movie about Madoff in which actor Robert De Niro is set to star
Could be good
"A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation." - Wikipedia
Assuming you want more money, you should avoid Ponzi schemes because you are more likely to lose money than to gain money.
1NtTPVVjDsUfDWybS4BwvHpG2pdS9RnYyQ
Assuming you want more money, you should avoid Ponzi schemes because you are more likely to lose money than to gain money.
1NtTPVVjDsUfDWybS4BwvHpG2pdS9RnYyQ
Oftentimes, though, early adopters into the Ponzi scheme can do quite well, especially if they become involved with the owner of the operation. They kinda remind me of payday loans: they're both total wastes of money.
For information about the world's largest ponzi scheme, you should read up on Bernie Madoff. The things he did to all those people who were suckered into thinking they would be getting money back was totally reprehensible. I mean, you had senior citizens investing their life savings and getting nothing in return all for one person's greed.
Thanks mate. Is it a kind of piramyd schema? Sorry for did not search it on Google, but I am in a really slow Internet now in my mobile (I am far away from civilization right now) I'll give you the 0.05 and if you can say more about this fraudulent schema I glad you. Thansk
Looks like the other guys beat me to it and explained it well, so whoever gets the reward is your call. 
Maybe I never will know if she really believes that or she is dishonest
It's usually a bit of both. For example, it's entirely possible that the top guys in a Ponzi scheme believe that if they can just accumulate enough money, they can corner the market, make a huge profit, and pay everyone off. It's a weird kind of split-brain psychology. On one level, you rationally know that it will blow up eventually and lots of people will lose money. But on another level, you want to delay that blow up as long as possible even if that means making it bigger and you can almost convince yourself that some magic might come along and save everyone. Of course, it never ends well.
Maybe I never will know if she really believes that or she is dishonest
It's usually a bit of both. For example, it's entirely possible that the top guys in a Ponzi scheme believe that if they can just accumulate enough money, they can corner the market, make a huge profit, and pay everyone off. It's a weird kind of split-brain psychology. On one level, you rationally know that it will blow up eventually and lots of people will lose money. But on another level, you want to delay that blow up as long as possible even if that means making it bigger and you can almost convince yourself that some magic might come along and save everyone. Of course, it never ends well. it's true. But isn't necessary to ask her more details. She just talk a lot about this and sent more then 10 long youtube videos trying to explain the business, but it is unclear at all, it's hours of bullshit and.. Maybe I never will know if she really believes that or she is dishonest
Well in the end of the day the burden of proof is on her side if she wants you to invest.As far as honesty is concerned. Ask her for insurance or collateral. If she bets her house on getting a $20k loan from you, then she is convinced.
If not - then she's just trying to get a cheap loan.
....
She may be LOCKED IN. (e.g. study the 20 dollar auction, http://www.slate.com/articles/arts/everyday_economics/1998/11/party_tricks.html)
She may just want to get her investment back.
She may be LOCKED IN. (e.g. study the 20 dollar auction, http://www.slate.com/articles/arts/everyday_economics/1998/11/party_tricks.html)
She may just want to get her investment back.
Thanks for the link. But is she honest or not? That's what I do not understand. I guess if she knows the truth, why is she trying to put me in? Sometimes I think she is acting like a puppet of someone.
If find myself recommending bitcoin to a lot of people, because I think it's a disruptive technology with a lot of potential. However, I always add a word of caution - and I don't recommend it to someone who I think is not fit in computer security.
If you want to "help" your friend getting out of a vicious cycle, ask for details of the business - help her to see the inner workings of the business. If she can clearly explain how things work, maybe she's on to something?
it's true. But isn't necessary to ask her more details. She just talk a lot about this and sent more then 10 long youtube videos trying to explain the business, but it is unclear at all, it's hours of bullshit and.. Maybe I never will know if she really believes that or she is dishonest
you guys are way way off. Ponzi was a character on a tv show called happy days. there was ponzi, fotsie, richy and ralph. ponzi used to bang on a jukbox and it would play music for free. a jukebox is like an mp3 player but mutch bigger. his office was in the bathroom of a restaurant where the owner would wax on wax off. sunday monday happy days, tuesday wednesday happy days, thursday friday happy days, saturday... what a day, groving all week with you... ponzi wore a leather jacket.
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAyyyyyyyyy yyyyyyyyyyyyyyyyyyyyy.
http://www.youtube.com/watch?v=gMxkMy9JvXI
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAyyyyyyyyy yyyyyyyyyyyyyyyyyyyyy.
http://www.youtube.com/watch?v=gMxkMy9JvXI
Let me give an example:
"Want to make a nice profit? 10% guranteed!" You give me $10.
Next day, I give you $1. Wow, you just made 10% in a day. You sell your computer and give me $1000. Now your account is at "$1 010".
Next day I give you $101. Wow, you just made 10% in a day. You mortgage your house and give me $100 000. Now your account is at "$101 010".
The next day you cant find me, I ran away with $100 908.
"Want to make a nice profit? 10% guranteed!" You give me $10.
Next day, I give you $1. Wow, you just made 10% in a day. You sell your computer and give me $1000. Now your account is at "$1 010".
Next day I give you $101. Wow, you just made 10% in a day. You mortgage your house and give me $100 000. Now your account is at "$101 010".
The next day you cant find me, I ran away with $100 908.
Also called a long con. Build up credibility and then exit when the stake is high.
Let me give an example:
"Want to make a nice profit? 10% guranteed!" You give me $10.
Next day, I give you $1. Wow, you just made 10% in a day. You sell your computer and give me $1000. Now your account is at "$1 010".
Next day I give you $101. Wow, you just made 10% in a day. You mortgage your house and give me $100 000. Now your account is at "$101 010".
The next day you cant find me, I ran away with $100 908.
1M6w49QQRz7vGWzgiPYLKKkWFjAZ6hSd5Y Money sent to this address will not be invested in ponzi schemes.
"Want to make a nice profit? 10% guranteed!" You give me $10.
Next day, I give you $1. Wow, you just made 10% in a day. You sell your computer and give me $1000. Now your account is at "$1 010".
Next day I give you $101. Wow, you just made 10% in a day. You mortgage your house and give me $100 000. Now your account is at "$101 010".
The next day you cant find me, I ran away with $100 908.
1M6w49QQRz7vGWzgiPYLKKkWFjAZ6hSd5Y Money sent to this address will not be invested in ponzi schemes.
....
She may be LOCKED IN. (e.g. study the 20 dollar auction, http://www.slate.com/articles/arts/everyday_economics/1998/11/party_tricks.html)
She may just want to get her investment back.
She may be LOCKED IN. (e.g. study the 20 dollar auction, http://www.slate.com/articles/arts/everyday_economics/1998/11/party_tricks.html)
She may just want to get her investment back.
Thanks for the link. But is she honest or not? That's what I do not understand. I guess if she knows the truth, why is she trying to put me in? Sometimes I think she is acting like a puppet of someone.
If find myself recommending bitcoin to a lot of people, because I think it's a disruptive technology with a lot of potential. However, I always add a word of caution - and I don't recommend it to someone who I think is not fit in computer security.
If you want to "help" your friend getting out of a vicious cycle, ask for details of the business - help her to see the inner workings of the business. If she can clearly explain how things work, maybe she's on to something?
Very interesting. I have a ex-teacher, a kind of distance friend now, she's very beautiful and she ask to me enter in a scheme like this. I wonder if she is honest or not. She is just trying to get her own investment back or is it possible she is making real money? If she is, she try to recrute more victims because she really believes on it or because she KNOWS clearly how it works and is trying to get more fools? I always wonder myself about it.
She may be LOCKED IN. (e.g. study the 20 dollar auction, http://www.slate.com/articles/arts/everyday_economics/1998/11/party_tricks.html)
She may just want to get her investment back.
Thanks for the link. But is she honest or not? That's what I do not understand. I guess if she knows the truth, why is she trying to put me in? Sometimes I think she is acting like a puppet of someone.
Very interesting. I have a ex-teacher, a kind of distance friend now, she's very beautiful and she ask to me enter in a scheme like this. I wonder if she is honest or not. She is just trying to get her own investment back or is it possible she is making real money? If she is, she try to recrute more victims because she really believes on it or because she KNOWS clearly how it works and is trying to get more fools? I always wonder myself about it.
She may be LOCKED IN. (e.g. study the 20 dollar auction, http://www.slate.com/articles/arts/everyday_economics/1998/11/party_tricks.html)
She may just want to get her investment back.
Very interesting. I have a ex-teacher, a kind of distance friend now, she's very beautiful and she ask to me enter in a scheme like this. I wonder if she is honest or not. She is just trying to get her own investment back or is it possible she is making real money? If she is, she try to recrute more victims because she really believes on it or because she KNOWS clearly how it works and is trying to get more fools? I always wonder myself about it.
. . . how should someone . . . get in into a such so clearly bad scheme?
First of all the really talented Ponzi operators are very charismatic and persuasive. They go to a lot of effort to make the scheme look like a legitimate and trustworthy investment.
Second of all it is human nature not to want to be the fool who is left out of something good that the people around you are experiencing. If your family, friends, neighbors, coworkers, etc. are all talking about how they trust this great investment and they are all making a significant amount of money, the average person starts to feel that they are foolish for turning down this opportunity.
The Ponzi operator is skilled in convincing people that they can be trusted and that those who don't get involved are fools.
It's kind of hard to understand if you haven't experienced the psychology. On one level, you know it's a scam but think that you'll be able to get out on time or withdraw your principle and only lose interest. But on another level, you manage to convince yourself that maybe it's the real deal and you are in on the secret to amazing wealth.
This
But how should someone so stupid to get in into a such so clearly bad scheme?
Starts with g and ends with reed.
hahaha
but greed can be good. I call it only stupidity
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