[SEC] Ponzi schemes Using virtual Currencies

[Spoetnik]

Released today.. Investor Alert

https://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf

So what you guys think ?

PS:
It's a short 3 page guide with little text.

EDIT:
And the "forum" they refer to is guess where ? ROFL

makes u wonder wat they are really up too

What they are up to is hanging out here reading our topics.. hell they mentioned this forum ROFL
And again.. what is it i told you all 50 times last few years ?
The Fed's are here keeping tabs on us.. AND THEY ARE !
The two FBI agents that got arrested after the Silk Road busts were all over this place too.. balls deep !

EDIT:
And i am fine with Cops lurking around.. i don't have a single damn thing to worry about.

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[foggyb]

It's funny how hard you guys want to put a positive spin on this LOL

May i remind that ALL ALONG the whole entire world thinks Bitcoin is a Ponzi ?
They thought this BEFORE the big run up in price / popularity before late 2013
then later when it died off in popularity they think it's a dead ponzi now..
I know this because i actually went OUTSIDE OF MY HOUSE and talked to REAL PEOPLE.
Then if you look on Google you will see it all over too.. by some highly educated financial professionals.

You guys don't want to hear it but people out there have posted convincing arguments
that Bitcoin is far more like a Ponzi / Pyramid scheme than it is a currency.

In response this forum just chants cheerleader rabble in a giant circle self absorbed bubble.
Sorry guys but your tight nit group of crypto enthusiast opinion are worthless.. the world just doesn't care.

And the problem of perception just gets worse and worse as each year goes by and you all just focus on this forum.
Instead of THE REAL WORLD.

If you're correct then everything is a ponzi. Ponzi becomes meaningless. According to you, anything that people invest in thereby increasing its value, is a ponzi.

[TigerMart]

The SEC is currently investigating that Garza loser and the remnants of GAW if I recall correctly, so that with a few other bad eggs are probably keeping the SEC busy.

Will SEC go for FriedCat too or that is beyond their periphery of operation?

[Bitcoinpro]

Released today.. Investor Alert

https://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf

So what you guys think ?

PS:
It's a short 3 page guide with little text.

EDIT:
And the "forum" they refer to is guess where ? ROFL

makes u wonder wat they are really up too

What they are up to is hanging out here reading our topics.. hell they mentioned this forum ROFL
And again.. what is it i told you all 50 times last few years ?
The Fed's are here keeping tabs on us.. AND THEY ARE !
The two FBI agents that got arrested after the Silk Road busts were all over this place too.. balls deep !

EDIT:
And i am fine with Cops lurking around.. i don't have a single damn thing to worry about.

Good, and I am sure most of us don't and that is the way it should be. The SEC cares about douchebags trying to scam the hell out of people and I hope the SEC stops some of these scumbag companies that pop up in the crypto world.

something has them freaked out!

That's not a Ponzi lol thats a real money making idea,

wow seems like they have been rocked to the core


Waves to Chilton, IRS and Fed officials

Wat u after boys and girls

[Victor Beckham]

The SEC is currently investigating that Garza loser and the remnants of GAW if I recall correctly, so that with a few other bad eggs are probably keeping the SEC busy.

Will SEC go for FriedCat too or that is beyond their periphery of operation?

FriedCat isn't US based and is still missing as far as I have heard.

So, scammers outside US will keep scamming as is?

[Bitcoinpro]

Released today.. Investor Alert

https://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf

So what you guys think ?

PS:
It's a short 3 page guide with little text.

EDIT:
And the "forum" they refer to is guess where ? ROFL

makes u wonder wat they are really up too

What they are up to is hanging out here reading our topics.. hell they mentioned this forum ROFL
And again.. what is it i told you all 50 times last few years ?
The Fed's are here keeping tabs on us.. AND THEY ARE !
The two FBI agents that got arrested after the Silk Road busts were all over this place too.. balls deep !

EDIT:
And i am fine with Cops lurking around.. i don't have a single damn thing to worry about.

Good, and I am sure most of us don't and that is the way it should be. The SEC cares about douchebags trying to scam the hell out of people and I hope the SEC stops some of these scumbag companies that pop up in the crypto world.

something has them freaked out!

That's not a Ponzi lol thats a real money making idea,

wow seems like they have been rocked to the core


Waves to Chilton, IRS and Fed officials

Wat u after boys and girls

Yeah I think you are stretching a bit, they don't see Bitcoin as a threat to USD and they shouldn't as it isn't. Bitcoin is not going to replace fiat, at least in any first world nation for the foreseeable future. They probably check out the forum as this is where most of the announcements are made of these scams and schemes.

Dude u totally stick out like dogs balls with such fantastical comments

Bitcoin/Crypto has them rocked to the core!!!!!

an ongoing immature media campaign

use plants in the BF

employing drugs and scam tactics to steal coin

controlling spamming  this forum

we trace the IP"s back to the same dumb ass gov offices all the time

Fudball Fenton gets doxed showing hes atleast been a gov intel

contractor and has owned a shelf company

and then pretends like he can wipe his **** clean

ur such a loser dude please refrain from the stupid

[peonminer]

LOLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL LLLLLLLLLLLLLLLLLLLL

[Denker]

I see this as something positive. Everybody who has been around here long enough knows there is a multitude of scams going around, but new investors may still need to be warned.

The overall tone is also not negative about bitcoin itself, which is good.

Yes that was my impression of the paper's context as well.
Newbies should know that this is also an environment for some black sheep trying to get what you have.

[Spoetnik]

It's funny how hard you guys want to put a positive spin on this LOL

May i remind that ALL ALONG the whole entire world thinks Bitcoin is a Ponzi ?
They thought this BEFORE the big run up in price / popularity before late 2013
then later when it died off in popularity they think it's a dead ponzi now..
I know this because i actually went OUTSIDE OF MY HOUSE and talked to REAL PEOPLE.
Then if you look on Google you will see it all over too.. by some highly educated financial professionals.

You guys don't want to hear it but people out there have posted convincing arguments
that Bitcoin is far more like a Ponzi / Pyramid scheme than it is a currency.

In response this forum just chants cheerleader rabble in a giant circle self absorbed bubble.
Sorry guys but your tight nit group of crypto enthusiast opinion are worthless.. the world just doesn't care.

And the problem of perception just gets worse and worse as each year goes by and you all just focus on this forum.
Instead of THE REAL WORLD.

If you're correct then everything is a ponzi. Ponzi becomes meaningless. According to you, anything that people invest in thereby increasing its value, is a ponzi.

If i am correct ?

Did you ACTUALLY read what i said and did you understand it ?

This place is full of people with the intellect of a sack of rocks.
I have to repeat everything millions of times for years on end and even then people still don't get it..

"According to you" ?

At what point do you guys grow up and learn how to read around here ?

Reality Check here guys.. Spoetnik is not in charge of planet earth's opinions on things.
When i say every person i talk to in real life said the same thing how in gods fucking name is that my fault ?
Fuck you people are stupid and exhausting beyond comprehension.
I SAID THIS in 2013.. and now 2016 and i am still saying the same god damn thing WTF ?

Bitcoin is DOOMED !
WHY ?
Because you are all blind.
You refuse to look out your window and if someone tells you what is out side you attack them for it.
If Google searching the word Bitcoin is too much work for you little experts here maybe you shouldn't be involved ?

Anyone but nerds here say the same thing..
Bitcoin is a ponzi / pyramid scheme that is used by drug dealers buying guns and meth etc that "it's over".. long ago.

And only you guys here would think that news is GOOD.
Me ? I think average investors out there will simply see that SEC warning and so oh well fuck that shit then.
You think they will see it and say oh look Bitcoin what ever is "is now legitimized" ROFL
GIMME A BREAK FANBOYS HAHHAHAHHA

[r0ach]

They're coming for Spoeterman and Jackpotcoin.  Those megablocks where you get a bonus amount of random coins must have been considered too good to be true.

[Spoetnik]

They're coming for Spoeterman and Jackpotcoin.  Those megablocks where you get a bonus amount of random coins must have been considered too good to be true.

I still have my delisted JPC coins if you are interested.
I also have some CryptoBits AKA: CYB from July 2013 (that i did lots of giveaways for)
You see boys i SUPPORT coins.. i die with them as a supporter.. NOT a greedy dumper looking for a Buck !

We have any smart people with something on-topic to say ?
I think franky who commented first knows me well enough.. we go back 3 years and talked lots etc.
Point ?
Pretty sure he KNOWS i am NOT against Bitcoin..i want to see it succeed.
I would also like to see any fair Altcoin succeed too.

BUT and this is a BIG but

A currency has to be adopted by the majority or it's not even a currency.
So adoption is a never ending pressing issues with Bitcoin.
This SEC story is not going to help adoption.
Maybe some of the greedy & sleazy selfish players out there will realize that unless they sincerely support Bitcoin
their behavior will kill it ?

Sorry but ALL of you replied back (pretty much) that this was good news etc.
..utterly insane ROFL
If the police put a warning out about a Rapist roaming the streets in your neighborhood then it's good too ?

This story / warning by the SEC reminded me of a point that looms on me for years..
- Public Perception of Bitcoin.
Guys what Bitcoin is.. doesn't even matter.
What does is they ALL really *DO* think it's pure scammy crap.
That is a problem that needs to be addressed and when are you all going to even acknowledge the problem  ?
In 10 years ?
Bitcoin 2009.. Bitcoin 2016
Damn near a decade of you guys sitting on your hands and plugging your ears..

You all stay in your walled garden.. circle jerking each other with Bitcoin fanboyism forum high fives.
While YEARS go by with the world moving on..
In the last year every single person i have talked to told me..
"Bitcoin ? oh yeah that drugs & guns digital money thing.. it's dead right ?"
Don't believe me ?
I talked to some guy i met to rent a place he said that word for word .. a stranger.
I talked to my Mom out east in Canada recently and she said the same damn thing.
I talk to strangers at stores around my town etc and i hear the same thing !

You guys have your head in the sand.
And what do i see here ?

I ended the topic ROFL
I figured as much.. you are cowards who are inconvenienced by the entire world scratching at your delusional world.

90% of the replies on this topic should have been..
Ok shit guys.. This is BAD news.. AND what are we going to do about it ?

I want to see you all grow a pair.

Stand up you cowards and fight for Bitcoin !

get up off your damn ass and tell the world WHY YOU in your own words for your own reasons believe in Bitcoin.

ACCEPT that we have a bad public perception ..and WORK towards changing it.

Or tuck that tail between your legs and wander back quietly to your insulated little Bitcointalk Bubble World.

I can assure you all circle jerking yourselves here like cheerleaders will never EVER accomplish anything.
My country Canada had the first Tax guidelines for Bitcoin we also had the first ATM in Kelowna & Vancouver.
The Kelowna location closed a looooong time ago ....get it ?

[Spoetnik]

Heard the news guys ? The FBI is looking into Monero now.. so it's legit & all now. hahahahha

[Gleb Gamow]

Released today.. Investor Alert

https://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf

So what you guys think ?

PS:
It's a short 3 page guide with little text.

EDIT:
And the "forum" they refer to is guess where ? ROFL

I wasn't gonna click till I saw that your avatar has doubled its arsenal now scaring the fuck outta me, thus I'm a clickin'. I swear to you I'm a clickin'. I'm a clickin' right after I figure out where that meowing sound is comin' from, for that, too, is scarin' the fuck outta me.

EDIT: Thanks, bud: https://bitcointalk.org/index.php?topic=1379632.msg17692869#msg17692869

[Spoetnik]

I see this as something positive. Everybody who has been around here long enough knows there is a multitude of scams going around, but new investors may still need to be warned.

The overall tone is also not negative about bitcoin itself, which is good.

Pakistani authorities launched an investigation accusing LEO Coin of Fraud and running an MLM scam.
They also froze their bank accounts
I found out today they had already done this before too..
I seen this.. Leocoin Office in Pakistan shut down by police

So.. go read the PDF.

Look at that one single scam coin of many.

Get it yet ?
That is not a sign of being legit.. that is a warning you will get ripped off and thrown in jail.
..and worse have your money seized.

Only at Bitcointalk do you all see crap like that and say ooooh that's "Good News"  

And 3 AK's are a comin' Gamow.. i think it's time muahhahaha  
PS: thanks for noticing my shoppin' skillz

[Gleb Gamow]

I see this as something positive. Everybody who has been around here long enough knows there is a multitude of scams going around, but new investors may still need to be warned.

The overall tone is also not negative about bitcoin itself, which is good.

Pakistani authorities launched an investigation accusing LEO Coin of Fraud and running an MLM scam.
They also froze their bank accounts
I found out today they had already done this before too..
I seen this.. Leocoin Office in Pakistan shut down by police

So.. go read the PDF.

Look at that one single scam coin of many.

Get it yet ?
That is not a sign of being legit.. that is a warning you will get ripped off and thrown in jail.
..and worse have your money seized.

Only at Bitcointalk do you all see crap like that and say ooooh that's "Good News"  

And 3 AK's are a comin' Gamow.. i think it's time muahhahaha  
PS: thanks for noticing my shoppin' skillz

I included an edit in my post, and can't wait to see your three-arm penguin a tootin' a third machine gun.

[Juggy777]

Every dam time there a issue they just point their fingers at virtual currency. Though this article is nice on the part that they help many investors aware of ponzi schemes. That's the only part I liked. As far for saying virtual currency promote ponzi scheme, then even Fiat has produced schemes like this and no one looses their mind. Irrespective of what they say, they can't put Bitcoin down. I feel this is a attempt by the agencies to try and scare away people from virtual currencies but they won't find any success, people now days are smart.

[Xester]

We cannot deny that there are many ponzi schemes online using bitcoin as mode of payment. Aside from that huge number of scammers both individual people or hosted are looking for victims daily. Hackers on the other hand is on standbye and carefully studying how to attack wallets or sites with huge volumes of bitcoin. Security's and exchange commission has all the rights to warn the public against the notorious criminals who are planning to eat our investment.

[machinek20]

Every dam time there a issue they just point their fingers at virtual currency. Though this article is nice on the part that they help many investors aware of ponzi schemes. That's the only part I liked. As far for saying virtual currency promote ponzi scheme, then even Fiat has produced schemes like this and no one looses their mind. Irrespective of what they say, they can't put Bitcoin down. I feel this is a attempt by the agencies to try and scare away people from virtual currencies

I dont think this article is pointing at digital currency, but it is more to warn everybody about the sacmmer and fraud site, there are a lot of scammed site in digital currency world but i think most of the user already know the danger of it, and it is a good article to read and to spread to other user

[Dudeperfect]

We should realise the fact (even if it harsh to accept but still) that such activities are defaming bitcoin and damaging the goodwill of the virtual currencies very badly. Governments around the world are waiting to find a single cause to paint bitcoin, a criminal's currency so I think as a community we should do something on a global level to put the facts in front of the world that bitcoin is mere a technology and nothing to do with the intention of the users.

[dEjAvU97]

After the existence of the bitcoin, form of ponzi scheme is very languid, It cannot be denied that people easily fooled by the promise of big profits with the ponzi system, but I would like to reiterate that it will make you regret it. Leave the ponzi system.