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Topic: Will we get fooled again? (Read 1777 times)

legendary
Activity: 1596
Merit: 1012
Democracy is vulnerable to a 51% attack.
September 10, 2012, 01:50:59 PM
#27
George Bush said it best... well, he said it anyway:

http://www.youtube.com/watch?v=eKgPY1adc0A
legendary
Activity: 1806
Merit: 1003
September 10, 2012, 10:44:52 AM
#26
If you're earning wages and paying into social security,
you're already getting fooled. The con is just longer,
but the basic principle is exactly the same.

mind=blown.

I hadn't thought of it in those exact terms before. I knew SSI was BS, but I hadn't made a connection to it being an actual Ponzi. That's exactly what it is, though, isn't it? If obligations are paid with later deposits, that's a damn Ponzi.

Hey... I don't suppose you can cash out all your SSI benefits all at once?  Grin

welcome to the red pill brother

Oh, I took that a long time ago. My issues with SSI were just coming from a different angle. Realizing that it is not only a government program I'm forced to pay into but a government Ponzi that I'm forced to pay into was just a little shocking. Wink

Social security is not a ponzi, the money is invested in bonds, that generate real returns, and pays out using those returns. It may end up to be in deficit due to unrealistic promises and mis-calculation, and require government intervention (for example raising the retirement age, as they have done before), but it is not a ponzi.
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
September 01, 2012, 04:12:21 PM
#25
If you're earning wages and paying into social security,
you're already getting fooled. The con is just longer,
but the basic principle is exactly the same.

mind=blown.

I hadn't thought of it in those exact terms before. I knew SSI was BS, but I hadn't made a connection to it being an actual Ponzi. That's exactly what it is, though, isn't it? If obligations are paid with later deposits, that's a damn Ponzi.

Hey... I don't suppose you can cash out all your SSI benefits all at once?  Grin

welcome to the red pill brother

Oh, I took that a long time ago. My issues with SSI were just coming from a different angle. Realizing that it is not only a government program I'm forced to pay into but a government Ponzi that I'm forced to pay into was just a little shocking. Wink
legendary
Activity: 3066
Merit: 4195
diamond-handed zealot
September 01, 2012, 04:07:05 PM
#24
If you're earning wages and paying into social security,
you're already getting fooled. The con is just longer,
but the basic principle is exactly the same.

mind=blown.

I hadn't thought of it in those exact terms before. I knew SSI was BS, but I hadn't made a connection to it being an actual Ponzi. That's exactly what it is, though, isn't it? If obligations are paid with later deposits, that's a damn Ponzi.

Hey... I don't suppose you can cash out all your SSI benefits all at once?  Grin

welcome to the red pill brother
hero member
Activity: 784
Merit: 1000
0xFB0D8D1534241423
September 01, 2012, 03:59:13 PM
#23
It's all part of a maturing free market.
hero member
Activity: 504
Merit: 500
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
September 01, 2012, 03:29:05 PM
#21
If you're earning wages and paying into social security,
you're already getting fooled. The con is just longer,
but the basic principle is exactly the same.

mind=blown.

I hadn't thought of it in those exact terms before. I knew SSI was BS, but I hadn't made a connection to it being an actual Ponzi. That's exactly what it is, though, isn't it? If obligations are paid with later deposits, that's a damn Ponzi.

Hey... I don't suppose you can cash out all your SSI benefits all at once?  Grin
sd
hero member
Activity: 730
Merit: 500
September 01, 2012, 12:54:25 PM
#20
anyone who believe 7% weekly, deserve to lose their money. Heck I'd be extremely happy with stable no risk 7% annually.

I feel bad for those who lost money here. It appeared an obvious scam to me so I never went anywhere near it. I can't really understand why other people were sending this guy money. I see this kind of stuff all over the place, even the the Nigerian money transfer scams must have some victims or no-one would be trying them.

Hopefully some people learned something out of this.


Will it happen again? Most certainly.
legendary
Activity: 3066
Merit: 4195
diamond-handed zealot
September 01, 2012, 12:15:42 PM
#19
thanks for the OP link

motherfuckers had it goin' on
donator
Activity: 853
Merit: 1000
September 01, 2012, 12:09:01 PM
#18
Cool, good to see someone else also vote for "I have no clue." Smiley

Btw, just the bassline now:

http://www.youtube.com/watch?v=Rf6tp2c6nMM

Legendary!
hero member
Activity: 700
Merit: 500
daytrader/superhero
August 31, 2012, 02:20:24 AM
#17
Yes. People here will get fooled again, probably in exactly the same way, and in all likelyhood, involving some of the same people.

Eventually, some of these people will get tired of all the blatant scanning and leave, only to be replaced by a new set of rubes.

And the circle of life continues.
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
August 31, 2012, 12:58:10 AM
#16
Picked "pirate will suddenly repay" for the lulz, but I gotta be honest: In the early days, there were open ponzis running, and people should have learned then what they look like. People don't pay attention in class, whose fault is it when they suddenly need to know when and where the trains will meet?
sr. member
Activity: 420
Merit: 250
August 30, 2012, 07:09:26 PM
#15
Another big site will go down within a year. Mark my words.
hero member
Activity: 868
Merit: 500
August 30, 2012, 04:05:13 PM
#14
Of course people will be connned again.  Maybe not via the same means and maybe not to the same extent but bit coin makes it very easy for an individual to be parted from their money!
legendary
Activity: 1806
Merit: 1003
August 30, 2012, 03:32:26 PM
#13
anyone who believe 7% weekly, deserve to lose their money. Heck I'd be extremely happy with stable no risk 7% annually.
hero member
Activity: 728
Merit: 500
August 30, 2012, 02:16:44 PM
#12
Yup , there's already a thread promising %15 a week. Supposedly already 7000 BTC invested.

I think that thread's just a joke haha.
I hope so, but I would have assumed the same about BS&T when it first started as well.  We all know how that turned out.

But this other guy seems much more trustworthy. /s
legendary
Activity: 3360
Merit: 4570
August 30, 2012, 02:05:00 PM
#11
Yup , there's already a thread promising %15 a week. Supposedly already 7000 BTC invested.

I think that thread's just a joke haha.
I hope so, but I would have assumed the same about BS&T when it first started as well.  We all know how that turned out.
donator
Activity: 853
Merit: 1000
August 30, 2012, 01:50:30 PM
#10
Yup , there's already a thread promising %15 a week. Supposedly already 7000 BTC invested.

I think that thread's just a joke haha.
hero member
Activity: 728
Merit: 500
August 30, 2012, 01:39:32 PM
#9
Yup , there's already a thread promising %15 a week. Supposedly already 7000 BTC invested.
hero member
Activity: 938
Merit: 1009
August 30, 2012, 12:11:33 PM
#8
The future generation of bitcoiners a decade from now will join the economy and someone will promise them 7% a week. Us older bitcoiners will tell them the legend of th man name Pirate who stole all our money. They won't listen to us old farts.

This will happen in about a week.

Wait no, it's happening already.
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