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Title: First Bitcoin financial pyramid: it's stupid but it works! Post by: weed on July 21, 2010, 11:43:04 AM The first financial pyramid in Bitcoin world!
Send money to the purse at ip xxx.xxx.xx.xxx and get twice the amount in one hour! Hurry! Pyramid is still growing! Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: D҉ataWraith on July 21, 2010, 12:15:23 PM This sounds like a Ponzi scheme (http://en.wikipedia.org/wiki/Ponzi_scheme) to me. Kiss your monies good bye, those who choose to play.
Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: Anonymous on July 21, 2010, 12:35:58 PM This sounds like a Ponzi scheme (http://en.wikipedia.org/wiki/Ponzi_scheme) to me. Kiss your monies good bye, those who choose to play. The first nigerian bitcoin user. ;) Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: SmokeTooMuch on July 21, 2010, 01:23:54 PM Sounds like a total rip-off.
Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: knightmb on July 21, 2010, 02:41:32 PM I GOT DOUBLE MY MONEY BACK FROM HIM AFTER I SENT 0.00000001 AND GOT 0.00000002 !!!!!1111 ;D
Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: NewLibertyStandard on July 21, 2010, 02:49:03 PM I GOT DOUBLE MY MONEY BACK FROM HIM AFTER I SENT 0.00000001 AND GOT 0.00000002 !!!!!1111 ;D Well I sent him 1736050.00 bitcoins and got back 3472100.00 bitcoins!!!Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: Gavin Andresen on July 21, 2010, 02:53:50 PM I sent him 10 Bitcoins, and my hair grew back!
So I sent him 20 Bitcoins, and I won the lottery! No Joke!!!! Now I'm hairy and rich!!!! Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: knightmb on July 21, 2010, 03:07:59 PM I GOT DOUBLE MY MONEY BACK FROM HIM AFTER I SENT 0.00000001 AND GOT 0.00000002 !!!!!1111 ;D Lol, but you got charged a 0.01 transaction fee to send the micropayment, and so did he. ;D Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: knightmb on July 21, 2010, 03:34:53 PM I sent 21 million bitcoins, and I'm still waiting... ROFLTitle: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: SmokeTooMuch on July 21, 2010, 04:13:42 PM I sent 21 million bitcoins, and I'm still waiting... Made my day xDTitle: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: Bitcoiner on July 21, 2010, 04:21:55 PM I sent 21 million bitcoins, and I'm still waiting... Made my day xD^^^ ;D Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: Marlsfarp on July 21, 2010, 04:22:40 PM To be fair, a pyramid scheme is not necessarily a scam if it is acknowledged to be a pyramid scheme. Early "investors" will indeed get double their money back, at the expense of the later investors.
Think of it as speculation: "I wager that I will be in the first half of investors." Or really earlier than that, depending on what kind of a cut the "scammer" takes. Of course, that doesn't make it a smart investment. Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: NewLibertyStandard on July 21, 2010, 07:02:21 PM To be fair, a pyramid scheme is not necessarily a scam if it is acknowledged to be a pyramid scheme. Early "investors" will indeed get double their money back, at the expense of the later investors. Yeah, it's possible to make money off scams, but I think it's somewhat immoral since you're encouraging the scammer to scam and directly and/or indirectly encouraging others to be scammed. But it's not the worst immoral act, so I don't really care if others do it. I just don't like to participate myself. Although I must admit, sometimes it is tempting to get in while the going is good.Think of it as speculation: "I wager that I will be in the first half of investors." Or really earlier than that, depending on what kind of a cut the "scammer" takes. Of course, that doesn't make it a smart investment. Must... resist... Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: FreeMoney on July 21, 2010, 11:20:18 PM I just don't like to participate myself. I don't like to either, but I haven't been able to swear off dollars yet. Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: NewLibertyStandard on July 22, 2010, 04:00:48 AM I just don't like to participate myself. I don't like to either, but I haven't been able to swear off dollars yet. Ba dum ching! (http://instantrimshot.com/index.php?sound=rimshot&play=true) Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: weed on July 22, 2010, 08:24:19 AM In fact, the result is very good for BC - not one penny has been sent
Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: weed on July 23, 2010, 05:47:50 AM In fact, the result is very good for BC - not one penny has been sent The average IQ may be higher here than the forums with titles like "MAKE MONEY AT HOME THE EASY WAY DOT COM" I was hoping for excitement, so do not conceal that it is a pyramid Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: ForScience on July 23, 2010, 07:09:59 AM this needs to be investigated for the sake of science, i promise i'll post my results honestly, i just sent .03 bitcoins, i'll edit this post as the bitcoins start rolling in
no bitcoins as of 7:00 pm gmt time on the 23rd :'( i'm glad i didnt send over 300 times more bitcoins like that other guy :o Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: SmokeTooMuch on July 23, 2010, 01:37:08 PM You know it will get real bad when more 1 post users say they got double their money back from him magically. this needs to be investigated for the sake of science, i promise i'll post my results honestly, i just sent .03 bitcoins, i'll edit this post as the bitcoins start rolling in xDTitle: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: weed on July 23, 2010, 07:57:58 PM PLEASE STOP SEND ME YOUR MONEYS!11
btc client running on the server without gui and I can't send your moneys backward - I dont see payments comments! I do not want this fraud experimemt was a real fraud ::) Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: ForScience on July 23, 2010, 11:10:01 PM PLEASE STOP SEND ME YOUR MONEYS!11 you posted your address and you didnt expect anyone to send you money? somebody didnt think their scam through >:( i was going to keep sending back a third of my earned money so that i was never at risk after the first returnbtc client running on the server without gui and I can't send your moneys backward - I dont see payments comments! I do not want this fraud experimemt was a real fraud ::) my address 16YXoiWXiPZcv6ScF9aT1nRZ2LEsWs8kkV is in the from field and you can verify it all you have to do is stop the client and copy your files to your local computer and then run bitcoin bitcoins are really hard to generate you dont want to know what i had to do to get those .03 bitcoins so please refund my bitcoins i was the first to publicly donate to this opportunity so you really should send me all .06 bitcoins anyone else who wants to reward my investigation for science is welcome to send me bitcoins as thanks to the above address Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: RHorning on July 24, 2010, 11:02:30 AM To be fair, a pyramid scheme is not necessarily a scam if it is acknowledged to be a pyramid scheme. Early "investors" will indeed get double their money back, at the expense of the later investors. Think of it as speculation: "I wager that I will be in the first half of investors." Or really earlier than that, depending on what kind of a cut the "scammer" takes. Of course, that doesn't make it a smart investment. Pyramid schemes are not just a scam, but illegal in many jurisdictions and can have even larger consequences. There was one pyramid scheme that before it ran out of steam ended up collapsing the entire economy of Albania as a substantial number of people (including many government employees) got caught up into the concept and lost their shirt. It led to a political overthrow of the government. That is the stuff that really make financial regulators really sweat when they see a pyramid scheme. Even "legal" schemes like Amway or other "multi-level marketing companies" (to me a very poorly disguised term for a pyramid scheme) have their problems and I know personally many people who have unfortunately been shafted from their involvement in those companies. At the very least, it rips apart communities who get involved with the concept no matter how it is dressed up to look pretty. Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: ForScience on July 24, 2010, 03:12:54 PM I've not seen my BTC 20 yet. I'll give him another 24 hours before adding him to the list of scammers. if he sends you 20 that also makes him a scammer, if he refunds you your money then theres no reason to list him as a scammer, he admitted that he screwed up and so long as he refunds then theres no reason to go to the extreme of listing him as a scammer, after all it was pretty pretty clear that he was joking which is why i only risked .03, although it was a very hard earned .03anyway i have now received my refund of .03, but i would have liked to have received .06 in return even if that made him a scammer ;D Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: FreeMoney on July 26, 2010, 11:14:46 AM if he sends you 20 that also makes him a scammer He's only a scammer if he fulfils his promise (to pay me BTC 20) with someone else's money. If he fulfils the promise with his own BTC, he's honest.Really? There is some difference between his money and other's money? I say if he fulfills all promises he is not a scammer. Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: FreeMoney on July 26, 2010, 12:56:09 PM Really? There is some difference between his money and other's money? I say if he fulfills all promises he is not a scammer. I don't think we disagree.If he fulfils all his promises, he is not a scammer. If he fulfils his promise to me, he has not scammed me. However, if he fulfils his promise to me by scamming someone else (which I loosely referred to as "with someone else's money"), then he is a scammer. (Still waiting to see my BTC 20 from 'weed'). Yeah, we agree. If he's just putting off the default he's a scammer. I wouldn't hold your breath. Though I think weed is just dumb, not intentionally malicious. Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: eugene2k on July 27, 2010, 10:11:08 PM I sent 21 million bitcoins, and I'm still waiting... Haven't laughed so hard in quite a while :)Title: Re: First Bitcoin financial pyramid: it's stupid but it works! Post by: Anonymous on July 28, 2010, 01:53:19 AM In fact, the result is very good for BC - not one penny has been sent The average IQ may be higher here than the forums with titles like "MAKE MONEY AT HOME THE EASY WAY DOT COM" lulz I also have a bridge on sydney harbour for sale.It is a bargain for only 1,000,000 BTC Get in quick before the exchange rate changes! |