Bitcoin Forum

We all know PONZIS are increasing in bitcointalk.org. SO keeping that in mind am making this useful thread.

1) We invest in PONZI schemes even without knowing the fact "How it works?". Offcourse there will be some source of fund or BTC by which he is paying out the investors. So if any new PONZI starts up ,you have right to ask him :

                a) Where does our money goes? :D
                b) What is the source of fund he gets?
                c) Is the source of fund fixed?
              
2) Most in common you will get answers like "Your funds goes in HYIP(High-Yielding Investment program" or "Buying hash power for cloud-mining" or "you dont have to know how we do it" or "sorry we cant release that, we pay you for investment thats it". Some may also will not reply out to your post . Also most of them make it self-moderated thread so that they can delete the post if they are asked about how do they work

3)   a)If you get reply like "Your funds goes in HYIP(High-Yielding Investment program)" or "Buying hash power for cloud-mining" , then run up your brain that is it a fixed and secured source of funds or not ? Ofcourse not in the above case. Let me explain , HYIP(High-Yielding Investment program) gives you high profits but it as well contains High-Risk!!, if he/she loses out the money how will he give payment to depositors in his site? Think

Also in case of cloud-mining excuses , with the increase in difficulty, mining will take long time which will imply more electricity costs and will increase up the mining expenses. And also mining is a luck game just like gambling . More the hash-power more probability or chance of win you have but it doesnt means that you will keep on mining blocks continuously .

Moreover i would also like to point out that there maybe also false-excuses that  they are investing money in HYIP or buying hashpower while in real it may not.

In case if they delete topic or dont reply to your post, it is for sure that they are trying to avoid your questions.

here is my post on a investor-game sites thread and how OP replied,give it a look;


I went some investigation and i think something about how they works like this:-

Most of the new PONZIS work on relying on other PONZIS like suppose there is a site 123easy.com and i made a site ripbtc.com. Then i will deposit the money i received from my(ripbtc.com) investors in 123easy.com and will  give payment until or unless 123easy.com doesnt scams out.

I am not sure but lately i was tracking a PONZI site payment link and they had a public note promoting other PONZI site link and that was a refferal link. I think that PONZI was getting some more money with ref. link that was holded by him otherwise why the hell in the world a PONZI will promote other PONZI.

Even after this thread users out there are risking their own BITCOINS investing in PONZIS then they are responsible on their own.

PONZI thread are self-moderated (for the purpose of deleting post with questions that users raises )which is the first sign.

bx2.club u mean?

Thank You. :)

Most of the threads in here are ponzis imo.
The only one proved not to be a ponzi was Delta which shut down.

Any BTC-doubler site is a ponzi. That's a fact. The others need a bit more investigation, but you'll see that the vast majority are one as well, just a bit more cleverly disguised.

Always remember whichever site that is providing you double amount or 2x of investment , they will only stick on for rarely 1month and then scams out.

The only site who prove profit so far is BTCSprout and currently has beat most investment site that come and go here, complete two 170% cycle.
If you join from the beginning you could have 2.4x your coin if you invest 2x 7 days periods

Btcsprout give 2.4x for 7 days?its high percent
Mostly investment site going to ponzi soon..
Investigate is a better way before invest...thanks for share

no matter any ponzi website go to scam..  i always invest early to be a profit... ;D

Well it's pretty much obvious that every single investments out here that promises big returns in such a very short period of time is a ponzi. Anyway thanks for creating this thread. This can be handy for those of some looking for a review from a higher rank here rather than those you can see in their thread, a bunch of newbies vouching that they actually pay. LOL.  :D

i agreee, investigate.

Great. It can educate the newbie and get them away from this kind of ponzi. Then the site has no room to live.

Still you think that btcsprout is not gonna scam? Why?

1)posting financial things and details doesnt means that it is not gonna scam.

2) Let me guys ask you something. I already mentioned above and am again saying that dont go away with ROI by whatever percentage they give even 101% and go out with scam . Think yourself does he has any money farming machine or so which gives him that much return .

          i know that investment will come here and also the rate at which he is giving payout it must be a HYIP. HYIP contains high risk so in order to control that they manage the risk by investing in other investments so that they can manage risk control. So dont you think in that case ROI would be fluctuating.

Always remember providing financial reports  only doesnt means transperancy to its activities. Ask them how do they work.

I recently asked chalk about source of fund and he asked me  read FAQ which doesnt contains anything about it.

what actually this thread for? ;D you wanna bust all ponzi and hyip thing here? well just saying.. because i think people here already know what the risk of investing,
anyway why dont you make suggestion on meta board? to closed this investor-based games section? wouldn't it be better?

Btcsprout is still a long.. long .. time  ... 8)

Nice thread, Mod should sticky this.. but then here a lot of die hard believers on certain sites..
No matter how hard you tried to convince or tell them... they don't give a sht or even flame u.
But let's do what we can to help potential victim.

Actually, Financial reports means COMPLETE transparency of our activities. We have proven to everyone using BTCSprout that we do utilize invested funds to make profit.

1) Yes, you are right, but if that is your mentality or state of mind then you would not be using any service that offers ROI.
2) There is a maximum investment for a reason. The point of BTCSprout is to earn the team (us) profit by taking investments and earning the ROI and keeping the remainder. So far it has proven profitable for the team and for our investors.

ROI is not fluctuating, it is fixed.

I replied to your PM in a lot greater depth. I am not going to sit here and describe every little aspect of how we earn your ROI or that would just give away how you can do it yourself. We aren't here to teach, we are here to make us and our investors profit, which we have done for over 14 days and counting for over 340 investors

This i believe. Whenever i see one, I just skip and go on with my life this time. I once wanted to join a double your btc site when i first read the very first post in a  thread but after reading the seconds and third. few reputable bitcointalk users already warned members about it. Promoting such site under your signature can also get you introuble as trusted members here in the forum give negative trust to those  who promoted these scams.

maybe you do some more research, financial report that chalk provide prove all earning, i think this prove it is not a ponzi or what would be the point in releasing such info.

quoting my post waiting for OP's "verdict"

Hey what about coinminers.biz, they too scammers or soon to scam? Let us know Asap

Ohk it may be seen as full transperancy but user may not know whether it is real or not. Like suppose i have a PONZI and want to keep it running i can post some false stats or details to lure in some more and new investors. Thats why i raised the point.


You provided me in pm that you deal in altcoin trading and binary which also has some risk . And also you posted "So far it has proven profitable for the team and for our investors" that means you are also not sure about that it will be profitable in future . So in this case how can you assure investors that their invested money is secured? <Answer it> upto you how you say that thing but make it concrete one to blow what i think about bitsprout.

Can you stop beating around the bush here?

All of the statistics raised in our financial reports can be verified simply by looking at our 2 main addresses (our deposit address and our storage address)
It's not possible for anything on that report to be fake...Have you even LOOKED at the financial report yet?

No, that is not what I said word from word, do not lie or quote me incorrectly.
I said:
"We used to use Forex and Binary, though altcoin is most convenient and most profitable."
We do not use Forex and Binary, we use altcoin trading now. Forex and Binary are A LOT more risky that Altcoin trading, which is profitable if completed in low risk execution and automatically which is how we trade. We have the ability to earn up to 15% on a 5BTC bankroll daily depending on the volume of a specific market.


As for your "note" about doublers (BTCSprout is NOT a doubler, we are an interest platform), then what is the point in this thread? To call everyone a scam?

We already know that most programs will not survive here, there is no need to call scam on everyone. If BTCSprout becomes unsustainable I will simply refund everyone their base investment deducted by how many payments they have already received, which will be easy with our current profit standings.

For you, we are posting another financial report not long after todays payouts.

Whatever you guys think you can post up here .
Am not gonna make anymore posting in this thread.
In case if someone wants to ask me PM me and am ready to help you.

What was the point of this thread? There's already a much MUCH better & more professional thread out there.
https://bitcointalk.org/index.php?topic=100696.0
It has more detail, and doesn't just accuse everything of being a scam. You just like boosting your post count by blindly accusing every single new site that comes up in the investor games as a scam in here.
And also, it's "I am", not "Am".

I think OP just wanted to look like a hero  ::) ::)

The company is officially registered in GB in 2015. Detailed information about the company can be found at https://beta.companieshouse.gov.uk/company/09909733



Thank you , but i didnt want to increase up my post count.If you think so just send me a PM and will delete this whole

No one questions that you have the coins you claim you have. The question is how you increase them. Is it just coins invested by others or do you actually have a profitable business. Your reports dont show that and it should be shown by a neutral 3rd party anyway.

Company has "GBP 1" not much to claim if they run.

The fact that you are willing to delete the whole thread because of a PM says something..
If you're going to accuse sites & people of scamming, at least make sure it get some proof first other wise you ruin someone's reputation for nothing.

After the backlash here I am not surprised that OP is discouraged to continue with their plan to educated the fools in this section.

Come on.....
He's NOT a HYIP investor, he doesn't know any rat's crap about the industry, so he basically has no knowledge and no experience at all.
Just talking because he supposes to know the math behind a Ponzi scheme, but did this guy at least run a Ponzi scheme? I don't think so.

Dude you replied to that guy showing off that program has got a legally registered company in UK, so you actually promoted it as ok. All expert admins with big amount to invest "purchase" the company from some specific contacts, and I'm one of those who "sells" companies. Oh man btw... They're using GC script  :D
Seriously, I hate people who come in this sub-forum claiming they know everything about our programs when they basically know 1% only of the mechanism.

Look at me, I own a company too: https://beta.companieshouse.gov.uk/company/09720459 - http://fxcoral.biz and I have an EV SSL a part to be set yet. Does this make me legit? Can't I scam all?

its a scam!believe me..this sites its a same like cryptowealth.biz and registered in gb too!

Notice in which board it is? Though it also vaguely seems to be a guide about ponzi sites and doublers, the thread is meant for loans.
OP is doing a good job, although 99% of the sites here are ponzi. Don't forget* that you too have a signature

*Neither do I

The point of the reports is to prove we are not a ponzi, which is exactly what is being done. This is so, as more funds are there than what is invested. Ponzis can never have more in their wallet than total invested, it's impossible. Our report proves are have the coins, we are earning them as we promise and that we are in profit.
Again, We are not here to show you every single nook and cranny we execute to earn profit, I could go on for days and would only cost us time, and money.

There are complicated ponzi scheme, and yours sure looks like one. From what I understood, your only point that your "service" is not a ponzi is that you have enough seeding money to make-believe that you are paying out ?
I believe we are to understand that you make BTCs out of thin air, Prince Of Nigeria

And you are just one of the lesser educated of the forum, and because of this I won't even bother explaining how the program works to you.
have you heard of the blockchain? You are saying we FAKE hundreds of payouts daily?
Sorry, but I can not be bothered sending hundreds of payments to myself, let alone depositing, every single day.
Best of luck to you and your capacity of learning.

good read, thanks :) :) !

Even your retaliation doesn't make sense.
Seeding money= BTC you yourself have invested in your 'service'/complicated-ponzi sceheme. Which you will recover with a profit after you scam the members, after the ponzi has saturated enough that no new investors will come

The program has over 360 investors diversified over 26BTC (avg .072BTC per deposit) in investments and you are implying that I have done this?
Again, this would mean that I would have to send hundreds of deposits (to myself) every day and at different times of the day/night just to boost site volume.
While this may be what other sites do, there's no need for ours as growth is perfectly fine and sustainable. We have proven profit, and will continue to do so.
This will be my last post in this thread, as I am sure I've explained all that I need to.

Totally besides them point IMHO.

For one, its a few lines of script that can handle that. It proves nothing.

The only thing you have is proof of funds, nothing more. You have not shown where the funds come from and thus have not shown that you are not running a ponzi. The only difference between a ponzi and a legit business is the source of the funds. A legit business does "work" to increase the funds, while a ponzi attracts investors to increase the funds.

You also show the same "I dont have to explain you shit" attitude that is common for ponzi operators, but thats not really a point, just an observation. Its not limited to ponzis.

yep he's a scammer for years as i just found out.