I'm not trying to fool anyone. It's 100% transparent, 100% honest in the fact that it's a ponzi scheme, there is a risk of not getting paid out when the week ends. But hey, there's always next week! The users assume the risks by depositing into weeklyponzi. Many users have made a good profit in the last day or so. I don't know what exactly you're trying to prove by creating a thread such as this. There's no mystery surrounding "oh is it a ponzi, idk man - is it?". Yes it's a ponzi. Nothing to debate here.
Are you located in the US? What you are doing is fraud. No sir. Not everyone on the internet is from the US, are they now? Keep your "legal advice" to yourself. Fraud - wrongful or criminal deception intended to result in financial or personal gain.. Do you see any deception going on here? No sir. I'm not claiming to be a securities lawyer. But individuals on this board have gone to prison for the same thinghttp://www.sec.gov/News/PressRelease/Detail/PressRelease/1370539730583#.VLDcMSvF-0yBy definition ponzi is investment fraud. Doesn't matter how you spin it. Actually, it's not the same thing. That guy was claiming to invest his users deposits into btc arbs. I don't claim to invest into anything, just a good old fashion, transparent, ponzi. Read: The SEC alleges that Shavers promised investors up to 7 percent weekly interest based on BTCST’s Bitcoin market arbitrage activity, which supposedly included selling to individuals who wished to buy Bitcoin “off the radar” in quick fashion or large quantities. In reality, BTCST was a sham and a Ponzi scheme in which Shavers used Bitcoin from new investors to make purported interest payments and cover investor withdrawals on outstanding BTCST investments. “Ponzi scheme operators often claim to have a tie to a new and emerging technology as a lure to potential victims,” ghost isp's find me, please.I repeat the question. If a thief tells the victim he is going to steal, and steals the money, he is a honest thief, right? No police, np investigation, no nothing? |
|
|
|
Sound good. i am receive payment.
Thanks mate. Just keep it running very long time. Great! Good think the site doesn't load.  You got competition. It is useless. Close it down. Find some legit ways to make money. Quit this. |
|
|
|
I'm not trying to fool anyone. It's 100% transparent, 100% honest in the fact that it's a ponzi scheme, there is a risk of not getting paid out when the week ends. But hey, there's always next week! The users assume the risks by depositing into weeklyponzi. Many users have made a good profit in the last day or so. I don't know what exactly you're trying to prove by creating a thread such as this. There's no mystery surrounding "oh is it a ponzi, idk man - is it?". Yes it's a ponzi. Nothing to debate here.
Those users might reinest bigger amounts and at the last moment, whey will be big losers. For instance, if it closes now, there is around 140 BTC investors who lose. Suppose there are 20 investors, it is quite liberal to assume that at least 5 of them will be hugely hit. The trend is that most of the new transactions are of high denominations while the older ones are low. So the first ones profited. There is no surprise in that. But the losing amount will be huge. 5% of the investment. Over 25 BTC. And it is honest? You mention it straight. A thief says I am going to steal your money, and steals it. The thief is certainly honest, is he? I'm not trying to fool anyone. It's 100% transparent, 100% honest in the fact that it's a ponzi scheme, there is a risk of not getting paid out when the week ends. But hey, there's always next week! The users assume the risks by depositing into weeklyponzi. Many users have made a good profit in the last day or so. I don't know what exactly you're trying to prove by creating a thread such as this. There's no mystery surrounding "oh is it a ponzi, idk man - is it?". Yes it's a ponzi. Nothing to debate here.
Are you located in the US? What you are doing is fraud. No sir. Not everyone on the internet is from the US, are they now? Keep your "legal advice" to yourself. Fraud - wrongful or criminal deception intended to result in financial or personal gain.. Do you see any deception going on here? No sir. Oh really? No personal profit? No deception? Of course, you are honest to the part that says you are stealing. |
|
|
|
Dude, people know what they are getting into when they send money to that site.
Just leave it be, at least it's an honest site.
Interrobang anyone‽‽‽‽
No, people knows it. But I don't think they can anticipate the losses in advance. This one is going to hit badly. Very badly. Just wait 5 more days and you will see. |
|
|
|
That is crazy. How is it still sustainable after all those cuts?
It doesn't matter how much you warn people though. As soon as they get a payout, they think it's legitimate. Inherent greed.
It is highly out of balance.
They need around 200 BTC new investment to payout all the investors. (Assuming that the admin took only 5% he said as fees.) 180 BTC to be exact, atm. |
|
|
|
|
I confirm it is not going to end well. He is absolutely right. Do the math.
The volume is inflated by some stupid user, who invested 1BTC multiple times. This was apparently copycatted by other users.
|
|
|
|
The admin got around 25 BTC+ by taking a mere 5% cut from all deposits in less than 48 hours form the start. Over 575 BTC invested now. What fees do you, the owner, take?
I take a very modest 5%. DON'T FRET, you still get exactly 130% of your initial deposit on payout! The trend is not very good. People will be making big losses by the end. The volume is too big making the system completely unstable. Understand that not even 2 days of the 7 are over. To all the members who have some sense, please don't get greedy and put your money there. In the end we all lose. This is not good.  It is ongoing for 5 days, I keep putting 3x 1btc from 3 different wallets and its came home 7 times for me all ready today. I will repeat tomorrow with 6 btc and keep going until the last day.
|
|
|
|
Hmm.. seem interesting. Risking 50 cents with them. Will post if I received 130% return or not.
It doesn't matter whether you receive it or not. It always pays out in the beginning. And the funds are not so high for the OP to close it right now. Caveat Emptor |
|
|
|
|
When did people started getting so interested in ponzi? Now I know why it is still alive..
A magic trick for the people:
Put 1BTC 10 times into the site. And the game vanishes. Whoosh!
P.S. I'm sure 10BTC is above the target of OP. Will cover all expenses and tons of profit.
Warning! Your funds are at risk.
|
|
|
|
Gambling  had no time anymore. I'm invest $2,500 USD get profit $8,000 USD within 2 days. Real and really amazing here : http://imgur.com/wXFGSpZ  the pic seems familiar. been advertising trying to lure people into this? |
|
|
|
By mistake i wanted to put roll over 20 and increase by 350% the autobet but it was over 66.99 and i lost all 0.04 then went to bitcoinvideocasino with 0.1 and made it into 0.11 then kept going for my 0.13 back but failed and went to 0.06 then did all in on blackjack and won 0.12 atm On minus like 0.01 but hope i can also recover that! Well, that is way better than mine. @bitdice I entered 30% chance in the win chance box when what I intended was a 1.3x bet. And of course I lost. Around 0.1 BTC instantly. that was a few days before. Now I am up slightly.  |
|
|
|
So what's going on with this site lately?
I have placed some bets in the past and all want smooth, but now bitstamp is down and the site seems blocked. .
Yeah. they should either suspend the service or switch to another major exchange like bitfinex.  But what about my cureentry running or finished bets? I think it will be refunded. I am not sure though. They usually either resume it if bitstamp resumes service beofre the bet expiry or refund the amount. |
|
|
|
Another ponzi going as expected. I know this kind. Unlike others, they pay you a small percentage of your own money and make you happy.  |
|
|
|
|
Well, I saw this at the time it launched. Got the email showing it.
The simplest way to exploit it is,
Step 1:pick a coin with low market volume of which price can be easily pushed up or down. Like clam a few weeks ago.
Step 2 : (not necessary) Buy the altcoin at the usual exchange at the usual price. Generally, you will only be able to buy certain amount will it.
Step 3: Buy the altcoin from FJ exchange. With most of the bitcoins you intend to use it for buying it. but not all.
Step 4: Use the remaining Bitcoin to push up the price at major exchange.
Step 5: Sell all the altcoins, at FJ at higher price.
Don't know if this works. Haven't tried. There is generally a price difference between the buy and sell price at FJ.
|
|
|
|
So what's going on with this site lately?
I have placed some bets in the past and all want smooth, but now bitstamp is down and the site seems blocked. .
Yeah. they should either suspend the service or switch to another major exchange like bitfinex. |
|
|
|
Lol I read " -3%" hourly ROI, that seems still quite good compared to what this scam will probably do to your " investment"
Never expect the promise to be kept. Other ponzis say high ROI, you get nothing. This ponzi says negative ROI. The part I don't understand is, how will they get the bitcoins stored in my wallet? (<-100% ROI)  |
|
|
|
I get the part where it says the company(etc.) that accepts Bitcoin will sell it. But doesn't it mean, the customer has too purchase it first?
Not if he already has it, because he bought it beforehand as an investment. Oh, look where we are, in a forum full of people who bought bitcoins to sell later at a higher price. But, seriously, if I buy something with Bitcoin, I will certainly buy it back. |
|
|
|
|
I don't get this.
1% transaction fee.
50 transactions.
So total 50% fee. So where is the profit?
|
|
|
|
The idea is that merchant adoption gives people with bitcoin more options to spend(=sell) their bitcoin, but it doesn't increase the amount of people buying bitcoin now, because "normal" folks don't need to buy bitcoin in order to buy something at the store (they could just use their credit card or whatever).
In the long run though, I think a high merchant adoption makes bitcoin more of a "real" currency and should increase its value.
But, merchant adoption means more people will at least get to know about it. And you have to buy first to sell. I really think there are lot many people out there who will be interested in Bitcoin but till now haven't even heard of it. (really, some people I know, who have read about it when it hit 1000 doesn't understand a thing. All they know is it is $1000, too expensive for me.) I have atleast the long run idea right then. |
|
|
|
|
Show Posts
