Bitcoin Forum

What is BitPonzi?
BitPonzi is a open Ponzi scheme. Interest will be paid from later investors, as well as low-risk investments on GLBSE. It's a Ponzi scheme. That doesn't mean you will lose money or get scammed. This should not be your life retirement plan, you know the risks. It will collapse one day, but if you withdraw before the collapse, you'll make a nice profit :).

Why 'invest' into other disguised ponzis when you can get better rates here? Same risk, better returns.

What will the funds be invested in?
A certain amount of funds will be invested into stocks and bonds. Why have bitcoins sitting around doing nothing when they can earn interest? They'll be sold fully when investors make withdraws.

Is this a ponzi?
Yes, obviously. Think of this as informed gambling. The risk will increase the longer this goes, but the rewards will too.

How much interest will you pay?
7% per week.

Why should I invest?
Because as long as there is a steady stream of new investors, you'll make interest. Pull out before the ship crashes and you'll make a profit. Always remember, only invest what you can afford to lose, and this is true for everything seeing as nearly all of the LTOs are just ponzis in disguise. Why not openly make one and donate proceeds to charity?

What's to stop you from running away with my coins before this defaults?
The longer this goes for, the more money I make.

This is unsustainable!
Of course it's unsustainable. But when it's working, you'll make profits. Decide when to pull out and choose your own risk.

What if this defaults?
I'll sell all stocks / bonds, give it to charity (http://bitcoinsforcharity.org/), and lock the thread. Your investments will not be paid back if you're slow and didn't withdraw, and you're aware of it right now. That's the risk you're going to take.

Okay, I know this is a Ponzi and I'm going to get on the boat. How do I start?
PM me and I'll give you a wallet to send funds to. When you want to withdraw, PM me again.

Withdrawing
You can only withdraw the full funds. After withdrawing, you will not be able to invest again. There is a fee to withdraws depending on how much you want to withdraw. Longer = less fees, more coins, but more risks.

When is interest paid?
Generally mondays, Australian time.

Why did you make a Ponzi scheme?
Because pretty much every other thread is a disguised ponzi scheme?

Please move to correct forum.

Its pretty idiotic to admit to running an illegal ponzi scheme.

Who says it's Illegal?

This is dumb.
you realize what you are doing is illegal and you can/should end up in jail.
+ all the people who invested in you because they knew about your scheme and are accessories to conspiracy.
+ this forums an accessory to conspiracy if this is not taken offline.

This forum now is way to communicate for the "insiders" that can attract new investors into the ponzi that are not aware of the scheme or forum.

Give every fucking member a scammer label or BAN!

http://en.wikipedia.org/wiki/Ponzi_scheme (http://en.wikipedia.org/wiki/Ponzi_scheme)
A Ponzi scheme is a fraudulent investment operation that blablabla

HEY GUYS
G- GU-
GUYS!!!

GUYS LISTEN!!!!!

I THIN-
I- I- I THINK THIS IS- THIS IS A-
A PONZI

Fraudulent: Obtained, done by, or involving deception

He's presumably being honest about the workings of the scheme.
  So he's not using deception.
    So it's not fraudulent.
      So it's not a ponzi.
So he's lying about it being a ponzi.
  So he's using deception.
    So it's fraudulent.
      So it's a ponzi.
QED

A ponzi is a ponzi like a pony will never be a horse.

I hereby declare this new "public ponzi":
 
horzi


http://t0.gstatic.com/images?q=tbn:ANd9GcQhwcAYoAcb26PC_H0m-_C4LatgCkOWchYua54ToKZOIiifu5Y1

change the name to bithorzi please.

This is Bitcoin, what government or authority is going to arrest him?

Lately TradeF has become pretty suspicious on my watch...

... all the recent drama concerning a much larger ponzi should answer that.

Where do I sign up???

send me 50 BTC to my donating address and I will invest 5000 mBTC in this scheme.

Ok, let me sell some pirate debt real quick so I can jump on this HYI

Wonderful, send funds obtained through a illegal scheme to charity. This is going to end well. Clawback and lawyering will have the charity end up losing more than they'd have gained.

Has Pirate been arrest though? What if the OP doesn't live in your country?

So the dude, rather than be deceptive is being honest and upfront and you guys slame him?

So you prefer he shut his mouth, lie and be decitful and run a veiled ponzi?

The words "damned if you do, damned if you don't" come to mine.

Seriously "the internet" /facepalm.

Its nota ponzi its a pyramid scheme  :P

Its like pennystocks, first in first out, everbody knows its pumped but still they jump on.
The only thing missing is the pump mob  :o

We're all pumped out here at least until the 12th ;) :P.