Bitcoin Forum

Seriously.
You people are gambling on a known scam scheme, people are publicly advertising one of the biggets scam schemes and easiest there is. Why the hell are you people gambling on it?

I can answer foy myself only, but I do gamble on ponzis because I have made the experience that when you get in/out at the right time, you can make a pretty good amount of btc.
The right way is to be one of the first people to invest and to "know" when to stop reinvesting.

There always is a risk. But thats gambling.

Ponzi is not recommended if you want quick money..! it is the worst form of gambling because the chances of losing your investment is too high..! and then there is a high risk of admin scamming .!

Yes.. True..

The point is that you never know if/when the admin is shutting down the service.
Additionally people could stop investing from one minute to the other.

But for me personally it worked so far. And you should never ever invest money you can't effort to lose.

I've played a few doge ponzis before and usually win. It's understanding the fact if i loose it's cheaper than going to the casino and dinner for the night.

i don't like ponzi schme bcoz i lost my lots of BTC in these types of scheme. don't try these types of waste

So you learned the lesson the hard way I guess..! and thanks for the alert ..! but few members will still try to learn the lesson hard way..!

You can win some btc, but you have to choose carefully the website, and always be one of the first guys to register and put money in :)

Shame ain't it

Yes
and I would correct: "Never invest gamble money you can't afford to lose  ;)

Casino and games of chance:
1) deposit money
2) play a game
3) win profit based on someone else's losses
4) walk away with profit
or
3) lose deposit and someone wins it (above)

ponzi:
1) deposit money
2) play a game
3) win profit based on someone else's deposit
4) walk away with profit
or
3) lose deposit and admin wins it

Sorry but I don't see much of a difference, in fact I see ponzi as offering a guaranteed return if the site is honest. Casinos brought me nothing but empty pockets. And since we all know where the ponzi money is coming from, because we're the ones contributing it, and we play with Monopoly money called bitcoin, I don't see the crime.

Hi, I'm Jeff and I'm a non-paid ponzi spokesshillperson.

Well a ponzi would not be a ponzi unless the owner steal the money of the investors. So to say that these are ponzi games is not really accurate

Isnt that how good people can gamble their way to bankruptcy? They lie to themselves that they can still afford to lose.

Would you like to define what Ponzi games exactly according to you. You said "a ponzi would not be a ponzi unless the owner steal the money of the investors." IMHO A ponzi is more then using someone else's money to pay someone The term you are referring to " the woner steal the money "  is called SCAM it has nothing to do with calling it ponzi..!
and one more thing..! the economy of this planet is a ponzi..! Just money cycling from one hands to another if you look at bigger picture.

+1
http://en.wikipedia.org/wiki/Ponzi_scheme
Open ponzi is nothing else then a game where You can either win or lose.

Well in my opinion, a ponzi scheme should be a scheme which has fallen apart because the creator has taken the money and failed to recompensate the investors, similar to how Char
Es Ponzi operated

my reaction to ponzi's and pyramids:

http://memslist.com/list/images/its_a_scam.gif

Well my reaction to all the casino's is the same as above.

The fact that there's a gambling sub-forum says something

Ponzi not worst than casino. If it's transparent, if you know it's a ponzi and you know this system, it's your money you can do what you want. In ponzi scheme they are winners and losers, same think in casino. You can't flame ponzi games if you support casino... In my humble opinion :)

agreed..

Then you do not understand the very simple concept of a traditional gambling game versus a con scheme.
Its sad to see you try and ride the coat tails of real gambling casino games in an obvious attempt to gain credibility (falsely).

I for myself live in Australia, we have very firm laws where games are defined and schemes as well.
The following schemes (not games) have been determined as unfair and frequently depend on misleading clients:

Ponzi's
Pub Chook Raffles (why isnt anyone running this scheme yet ???).
Chinese Lucky Egg game (bitcoin jewel).
Pyramid schemes that offer no products or services beyond "Pyramid scheme services".

tl;dr: Welcome to my ignore list shill.

As long as owner is not running away and participants are aware of the risk then it should be alright.

Ponzi games are similar as the hot potato games, right?

but most of time owner run away with money and we have to lost just because of this its very bad

Yes, most of the time they do. I don't trust or play any of them for that reason. Plus, a ponzi is effectively like robbing somebody else and I do not feel good about it.

What I was talking about was in principle. In practice you should avoid it.

The 2 problems with ponzi games is that the owners usually play and can fix the game a bit and they usually finish by shutting down the website and keeping what's left in the ponzi wallet


It is less social as well, you don't construct anything playing at home when you can interact with people, getting social skills and contacts that will help you in life when you go to dinner or at a party

May be if ponzi's owners really do what they promise "24 h restart" for example, it would be gambling. But almost always they don't pay to anyone

That is the bad part..! they launch ponzi's just to scam newbies or few victims those fall into their traps..! Even if someone tries to run a fair game , 5other will pop up to ruin it.

But most ponzi sites disappear in the night

I check many disappear in daylight also because here on this forum day and night no problem you can run any time