Proof?

Without in any way setting myself up as an expert on Etherium or smart contracts, the answer is basically no.

http://bitcoin.stackexchange.com/questions/41597/ethereum-contract


Yes, you keep repeating that.
I agree that it is confusing and unfortunate to try and float a legitimate game by using a label associated with fraud.
 
At the moment, most fair crypto gambling is just traditional fiat games like dice, poker adapted for the purpose.
Maybe, just maybe, by this smart contract approach a crypto specific game which is transparent and "fair" within its own context will be developed.
For a supposedly innovative environment people seem very resistant to and conservative about change.

And no, I don't support Ponzi Schemes, I spend a good deal of time calling them out.

If you want to quote definitions, how about giving the full one, instead of cherrypicking to suit your POV?


Note the use of the word fraudulent.


Deception is an integral part of the fraudulent behaviour involved in a Ponzi scheme.
Typically for example, this can be claiming to cloud mine and paying back small amounts to early investors from their own or later investments, until the admin have collected sufficient to run away with, and close down the scam.
 
A "last one in loses" game where there are willing participants, no deception involving lies about non existent business revenue and, because of smart contracts, no possibility of the admin having access to the funds and running away with them, is a completely different thing.

You "see no problem...it is a ponzi" because "Everybody know it...The projects advertise themself as ponzis".
How about the one in your signature, cldmine?
That advertises itself as a cloud miner, but as you say "c'mon" it's a "make money fast" ponzi. There's nothing to stop cldminer admin running away with the coins.
So, you advertise something you know is a scam?   

There is a clone of the Hashocean scam cloud miner going by the name of Gainbitcoin, being promoted on Roger Ver's dead forum as an Indian service, hence my post here.

I call it a clone because when you follow Gainbitcoin Mining FAQ links, they go straight to the HashOcean site.
I call HashOcean a scam because obvious.

The main promoter of this thing is a crap referral site 1bitcoindaily.com. This site resolves to Kshitij Mehrotra, who seems to organize the Dehli branch of BitcoinIndia and authored the Bitcoin referral post.
Anyhow, he is claiming that Amit Bhardwaj/Kumar of 2014 HighKart.com fame is "the owner of Gainbitcoin". Does Amit also own HashOcean too, or just steal bits of their website? Or what?
Is he available for a comment?
I'm sure it's all a clerical error. Or something.

There's a thread here giving you an idea of what not to look for in a cloud miner.
BELIEVE NO-ONE, unfortunately, is the only default approach to have in this field.

This comes back to the definition of a Ponzi and the necessity for deception to be involved in order to define a scheme as such.
IF there is no deception, no claim that magic profits will be made, no claim that everyone wins, then where is the scam?
A game of "last in loses" with a clearly written contract which, if the claims for ETH smarts are correct, obviates the possibility of the organizer running off with the money, is what it says: just a game and, more importantly, everyone involved knows that.

Just seen this. Why is it always one post newbies that  do the successful deal?
Got any proof?

As I said earlier in the thread, good luck.
All I will add is that a business plan based on free electricity in the hands of a third party is not built on the firmest of foundations.
Without that free power, you're just another guy with a bunch of unprofitable machinery.

I report spammers, I don't give a fuck what country they come from and any implication that there is a racial motive is offensive and complete crap.
As I pointed out here.

Hi.
Yes, I report spammers with signature campaigns, usually Yobit, because I believe that BitCoinTalk forum is an important Bitcoin resource.
I believe that continued unrestricted spamming will drive away knowledgeable, experienced contributors and lead to a decline in BCT forum's influence and standing. This will be bad for any true Bitcoin enthusiast and Bitcoin itself.
You know the proverb about Killing the Goose that Laid the Golden Egg?

Because I agreed with Hilarious and pointed out, a little humorously, that there is a lot of spamming coming from Philippines based accounts, a poster has rushed to your defense and implied there is a racial motive.
Not so.

I understand that signature campaign payments have a higher value to people from low income countries.
I think that it's great that young people can get an income from faucets and sig campaigns.
Just....DON'T SPAM.













That's a random selection of half an hour's spam posting. I have stripped out some quote trees (sorry, but including quotes to make the message bigger just doesn't work).
There is no original content, nothing is added to the subject and none of the posts would be missed at all if they were not there.



I reported you because you post insubstantial posts for signature campaign payment. Clear?

If you are setting yourself up as a HYIP Monitor site, don't be surprised if you receive negative trust.
Many people, including me, think that HYIP=scam waiting to happen and that 'monitors' serve no useful purpose apart from legitimizing them by using the word "investment".
Your data has no value. The point of HYIP's is they pay until they don't.

So you gave Genesis 0.75BTC on 17th Dec, which was about $335. Today you have $410 profit. Nice.
Had you bought $335 worth of ETH on 17th Dec instead, you would have gotten around 372 ETH.
Today you would have had $2700 profit (or over $5000 a month ago). Nicer.

Presumably you were bullish on ETH in December, or you wouldn't have bought a mining contract which would have been worth jack shit if ETH had stayed under a dollar.
Why give someone your money to mine some of it. Why not just buy it in the first place?

The thought that there are 427,665 other people about like you is profoundly depressing.

Possibly, but there are such things as false breakouts. I'd wait for a break of the February highs for a confirmation.

32 day roi?
GTFO.

So, that's you is it?
1MMb8hP6dmnYdHidzFhSfKCLcwPVVWMuzz

Looks like a classic scammer's address to me, what's this note on page 5?


The same XmyBTC as this?

xmyBTC, A New BTC Ponzi Scam, is Linked to 3 More: Tradingmic, btc-multiplier, and Getxbtc

More red ink for a serial scammer.

There's a thread about that on meta right now. I think the logic is to keep all the shit in the same place.

Tell us about the insurance.

From FAQs


That doesn't sound like sports betting. Make your mind up.

Prove that you're not. You're the one that wants the money.
Tell us about your "insurance", for a start.

---

Don't do that, think of the epileptics...