Bitcoin Forum

Just a note for newcomers / noobs , dont invest any money in these sites, ALL of them are SCAMS, no exception.
If you want to invest your BTC, play with in in forex markets, not here, there is no such a free thing as FREE MONEY.

Here is a better illustration :

https://i.imgur.com/xmFXhaO.jpg

Also see :
- https://bitcointalk.org/index.php?topic=100696.0

Very good PSA for newcomers. There are literally tons of better options if you want to invest your BTC for real and not earn it by perpetuating these ridiculous games.

This is exactly why i made this topic, and also, for people to learn "ponzi" really means ; many people dont know.

OH NICE TO KNOW, I WAS SO DUMB BEFORE.
*sarcasm mofos*

Well I am assuming if I am thinking duh when I read this, then the post isn't for me

HOWEVER I did learn that it is named after Charles Ponzi tricking people into buying into a postage stamp scheme :D

That was the only bit I didn't know :D Ha what a legacy :D If anyone names anything on me after I'm dead, I'll be happy lol

As i said, its for the ones who dont know ... mofo

Well, you are actually FORCING them to do what you want.

Some mod please pin this at the top! Every newbie needs to see this!

This is a great idea, indeed it should be done "sticky" !  :)

100% agreed this post needs to be stickied. We assume people know exactly what they are playing with here. I'd hate to think some one comes along here and puts anything like 1BTC into some of these sites thinking a sure thing. VERY good idea :) Tom

I would stick your post instead of it  ::)

I'm thinking the guy wants it stickied to help new people, and it is a good idea. Nothing to do with him having all the glory of a 'stickied post' or whatever you are implying. You seem to be talking about someone more like yourself. I suppose you think your thread should be stickied. You are not admin here and no better than any of us. Dream on - Tom

VERY clear and insightful poster!!!
TIL about Charles Ponzi :D

Look, a guy who, according to his trust rating, run his own ponzi doesn't support a thread about ponzis. Go figure...

its all scam, but yet we still people send btc lol.

Good info thanks i stay cautious

Of course you are mad about this topic, since by looking at your trust, you are on of these ponzi owners ;)

Exactly. It's fun to see which users don't like this post:
https://i.imgur.com/Zy1qXyo.png

Exactly my point EcuaMobi !  :)

By this way or another, It ultimately will scam you. There are no exceptions to a Ponzi site. You probably will not know when it will scam you. Therefore, It's best to stay away from it especially for the newbie. Do not take immediate benefits but lose all your money - the money that your hard- earned.

I was one of the developers of the old and premier PONZI TGB, so what? It naturally collapsed after 250 BTC input.
We didn't scam any of the users, don't talk bullshits please.

Hopefully you get it sticked!!! so many people still knowing what they are still send btc than end up back here complaining. about scams.

This will be a helpful reminder to some.  :'(

So what ? Read first page please.

price is dropping for bitcoin, so those who got scammed, can buy back in at another chance lol.

so it wouldnt be that much of a loss to them.

That makes no sense ... stop spamming with nonsense like this.

Bump. This section really grinds my gears >:(

This needs to be on 1st page.  ;)

The fact that you think these sites are true ponzis shows how ignorant you are. Like the description says, they are "investor based games that require new entries to pay out the old entries." it's nothing more than gambling. I do agree that SOME are scams because they run, but any gambling site can do the same.

Sticky the thread that rates these sites, that would be useful.

Wikipedia (http://en.wikipedia.org/wiki/Ponzi_scheme) says:

So you're confirming they're Ponzi, right?

Close but not correct, a real ponzi is done without the investors knowledge.  These sites show you the rules up front.  You are simply trying to get in first so the subsequent entries pay you out.  Every gambling method has winners and losers.

If what your title says is true, lets petition to remove this whole section.  I'd actually vote for it!

Every single site that pays investors with the money of new investors (instead of money it produces) is a Ponzi. Check the Wikipedia link I posted and the image of OP if you're still not clear on that.

However Ponzi is not always the same as scam. I think that's what you mean here. If a site is transparent, shows a warning saying it's a Ponzi and a list of transactions so users can estimate how things are going then I don't think it's a scam, it's a high risk game. But it's still a Ponzi of course and everyone in this section must be aware of that and make well informed decisions.

If a Ponzi hides the fact it's a Ponzi then it's definitely a scam. Also the problem in this section is that even when a Ponzi is advertised as a Ponzi it is handled by untrusted users who can run with the money at any time.

First of all a Ponzi scheme is pure scam when:
1. Hidden hidden behind fake investments, fake revenue and fake promises.
2. Stops paying with no reason, running away with the funds.
3. Hosted in a territory where Ponzi scheme is illegal.
4. Using FIAT currency. Bitcoin isn't a good and neither a service in most of the countries.
And many others that I'm not going to explain you right now..

Real scams are based on deception!
And yes, I work for Ponzi programs, sell softwares, offer services and much more sustaining them. I'm logged with my real identity and in many other forums it is already public.
We call it next generation of gambling.

what's this, the next scam thread full of lies?
 ;D

Just let people know what ponzi games are really about from their own mistakes. If they lose almost all their money in these they will understand. It is a more effective process then telling them what to do.

I think ponzi schemes are the most spread in the forum

Yeah absolute a lot of ponzi schemes...
Would be interesting to know how many different individuals own/run how one or more ponzi websites...

There is no sticky thread in this section, this should be the first one, or we need to bump this thread everytime as reminder to newcomers.

CoinFriend, no offense, but why you have still in your signature the f.. bastards?! they still paying you?

Lucky, you are the first one who ask this...

I didn't profit from them! The opposite is the case, i lost money and time!

Please read here for more information:
https://bitcointalk.org/index.php?topic=1021240.msg11126939#msg11126939

They are not brave enough to admit their identities

And thats because all of them are thieves !  ;)

Then take it off your signature man! There is no reason to keep a known collapsed ponzi in your sig! They wont pay you campaign, site not up to get refferals and even if no one can access site just makes my mind boggle. Take it off or replace with another. Will only mislead and confuse new people :)

i just wear this shit so people can see it and have a reason to talk about it...
The signature is useless, i have changed the link.

and by the way, the ponzi is NOT COLLAPSED ! CryptoSplit take the money and is now far away. This is something different!

Further, there is a escrow who maintain this signature campaign and he hold a part of the stolen money.
He can easy give some BTC back to the people who get robbed due to this.
But it seems he take the funds for himself or prefer to give the money back to the thieves (if they ask for the funds).
Indirectly he has helped that the scam become big.

That i wear this signature is still a protest.
A protest against fraud and unhonest people who use bitcoin.


Here can everyone read a more about this escrow deal and this signature campaign.
https://bitcointalk.org/index.php?topic=1021240.0
Everyone should give this escrow guy a lot negative trust feedback.
He deserve it, because he give feedback in the same way to different other users without having an arrangement with them!

And i think, i don't stop wearing this signature until i saw -101 trust points on the account of this escrow guy.

What's your point? What's the matter?
They didn't mention any commission/profit in their website. It means that wasn't a free service!
Scamming = only way to earn

Are you dumb? lol

Doing something against fraud. Let people talk about problems and remember them that are problems like unhonesty and unfairness.
The idea of this thread is somehow the same. But i have my own methods...


There is no reason to talk about the own profit if someone offer a service. The only deal was, you can invest something that they can trade and mine with your investment. And as your provision you get the double back after few days...
If i have a deal with you, then i think i don't tell you how much my reward is ;)


Yeah, seems so. Because other people don't understand me...


And maybe you can explain me something about the word "earn" a bit more and what it mean in detail?
I am so dumb, i don't understand it in the context with scamming!

You're dumb because you're actually depositing coins in a fraud program where there's no real revenue, but you already knew that before depositing  :)

Hey, i didn't know about a scam before it happened!
But i assumed that it could happened!
Maybe that's the reason why i spend some coins. I see this as a real investment. But not to get money back. LOL
I think it was not dumb, even when it looks dumb for you ;)
But it's okay, i can live with that. And other people try to call me an idiot...
But i said it before already "people don't understand me". Or they didn't want it...

And hey, you have missed to tell me something about the word "earn", in your last post!

Ponzi scheme is always a scam, especially when they promise make 100 btc from 1 btc  :P
But i saw sites where they make a lot smaller profit, but they invest money not giving you someone money and wait for run. I didn't try this, when I found paying site like this I let you know.

here, found a good thread.
maybe the creator of this thread can provide this link in the first post.

https://bitcointalk.org/index.php?topic=100696.0
"How to Identify a Ponzi"

 ;)

A very needed bump, so others can see it !

I concur. I love the sound of these ponzis swirling down the drain.

Too bad there will still be a large group of dumbasses posting their transactions going around like "OMG! They paid me, this must legit"

And some one have to say it!

I'm 100% agree with you, and i don't know why the forum let the scammers promote here :/

wow! thats great! thank you for this information, it is very useful

Many people invest in ponzi scams as a hobby.

Because if forum prevent this kind of things and ban them, they will only create new account again and again and will only cause spams

to be honest...I don't even know, why we had this section on this forum. it is not helping to anybody and only result are scammed people.

 ::) ::) ::)

i see those sites like a gamble. I know they always collapse, and i know they are sometimes total scam but i take it as a game.

Looking for new sites, try to guess if it's a scam or not, invest and sometimes loose, sometimes win, leave at the right time.

So i say that  this post is useful to be aware of what ponzis are and what are the risks, but as long as you know how they work and what  the risk are, what is the problem if you decide to put money in them ?

I would have to reply for sheer entertainment value alone. For those of us that watch anyway. :)

I'm capitalistic in that you can choose to piss away your bitcoin however you wish, i guess.

This section is here to stop them cluttering the gambling section with their scams, as you will see above every thread you enter there is a nice warning that should be enough for the average brain to understand. If not they should only lose once and then will be done with the ponzi, while I dislike ponzi a lot people have the freedom to choose what they spend their coin on or who they give it away to. Scams are unmoderated it is for the people to decide what is legit and what isn't.

ahh good point^^

is better to collect all those scammers in one subsection then let them poison other parts of board..

You don't say :D :D :D

But it's fun if you invest

Strange sense of 'fun' you have, giving money to thieves and liars....

 ???

yeah i lose some btc in this section but i learn nothing instan profit, if u want huge profit just play gambling not ponzi it always bad in the end,, please if u want to invest in ponzi just invest in u can afford to loose, and be the first.. if u want ur coin back, just my opinion

Not right, ponzis ande everything based on it is so risky but not scam, I like that people who only cry..So do not invest to ponzi and everyone could be happy
:<)

Many of these posts and websites say gambling or ponzi. That is not a scam, IMO.
The problem is the user. Anyone who thinks gambling is an "investment" is going to be broke soon anyway.  :-\

Only the top 10% of a Ponzi ever earn any money and that is by stealing it from everybody below them.

In most countries this is fraud and a arrestable offence.

I totally agree, very good point of view my man!  ;D

R2D2 Budgie says it's a scam:

https://youtu.be/2q6utsksoFY

The world of cryptocurrency gives a whole new platform to criminals that they can investigate

true I've been watching this thread for possible investment opportunity for. a long time. and it's all scam that usually don't last a week or two.

I wonder if it is the same guy pulling this over and over again

No. That ponzi scrypt can be bought by anyone. They just using it for cheap win.

Which one is cheap?

exactly right you send your money and they send you more than you send is this wisely ?