I have noticed that although promoting a ponzi in the investor based games may be allowed by default trust members as the promotion is limited to people who fairly understand the risks of investing.
But what about accounts that promote it in their signature and essentially promise a fake return to people who may not understand yet how ponzis work?
I have heard about cloudminig's example where dserrano5 was about to be given negative trust for such behavious but was probably forgiven by most people, but should the other people be allowed to promote it?
Thanks for the thread.
It's a quite hard question, and in my opinion in this case we can count on the Criminal Code. In my country there is no criminal responsibility for information distribution of some pyramid investment scheme or other financials bubbles. So I think people who promote ponzis in their signature can also be cheated so they should't be given a negative trust.
AFAIK (not the actual law of your country obviously) this ruling only applies if someone does not know they are promoting a ponzi. If you have a ref code for a ponzi scheme in your signature you know its a ponzi. You are fully aware that you need to lure people into the scheme for you to benefit from their loss. I am not talking about cloud mining services that might turn out to be ponzis.
What is the definition of a ponzi in this case?
Do cloudmining sites count? What about some shady gambling sites? Or are we just talking about the obvious 'Double your coins in a day' ponzis?
IMHO this is the important question to ask. After giving it some though[1] I would certainly draw the line where someone guarantees a return that can not be reasonably done without ripping someone off or promisses high free bonuses. A clear example would be this signature[2]:
It should be obvious that these are ponzi schemes and that they not be sustainable, on the other hand it should also be obvious that you should not give a loan without collateral to a newbie.
[1] I asked Patejl to make this thread so I had an hour or so to think about it.
[2] URL and names changed.