Anyone with any shred of decency or who even only tries to be ethical would not put a single penny into this.
wow.
i do consider me as a very ethical person. please dont insult me (or at least: give me a reasonable explanation why do you think that i am unethical).
This is a very reasonable request. I'll explain my position on this one.
It is very very likely that what we are talking about here is a ponzi scheme. I cannot say for certain, as there is no proof. But probabilities are damning.
Let's assume that you understand that this is likely a ponzi and wish to invest into a known ponzi scheme as a high risk/high reward investment. This is your position, is it not correct?
This means that you hope to profit at expense of victims of this ponzi scheme. At expense of naive people who are not capable to understand risks they take with such "investments" and have not received any professional advise on the matter. Nor they had those risks disclaimed to them by ponzi operators or exchanges involved in this. On each and every step of all of this there are numerous and clear violations of relevant laws.
Do you really think that in the real world thy make early ponzi investors to disgorge ill gotten profits in favor of victims because those ponzi "investments" were in any shape or form ethical?
Anyone claiming that investing in a ponzi while knowing that this is a ponzi or likelty a ponzi is in any shape of form ethical either has a very strange idea about ethics or just plain malicious.
Ponzi is not a victimless crime. Moreover it is an indisputable fact that MOST ponzi scheme "investors" are victims (eventually).
I honestly believe that the question is not whether early ponzi investors and more so promoters and apologists like you and all those operators of PPT's and even GLBSE are acting ethically. This one is clear.
I hope you are not going to argue that participating in and/or promoting a venture that is either a fraud or very likely a fraud (ponzi is a form of fraud) with intent to profit is Ethical.
The question is more about whether early ponzi investors and more so promoters and apologists like you and all those operators of PPT's and even GLBSE are malefactors.
ok, thank you for your explanation.
but: no. i do not think its a ponzi.
i think he operates a bitcoinica like dark exchange (of course i dont know).
and yes: if i would KNOW that its a ponzi you are right that participating in it is unethically.
the question for me is: is it unethical to invest in something which you dont really now (could be firearms drugs and so on - there are things which i consider worse than ponzis).
i thought very long about it and came to the conclusion that it is ok - because you never know for sure what your invested money is used for.
with your explanation bfl and "mysterios investor who crashed glbse mining market after bfl's announcement" are unethically too -> there are ALWAYS "victims" in any finance market or transaction. one wins and another one loses: thats the hole point of risk management.
i am all for educating finance-n00bs (i see myself as one).
make good explanations: whats a ponzi, howtos about risk management and money management. but thats enough.
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