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Author Topic: Why should one deposit on bitcoinpyramid  (Read 624 times)
Kohtason
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January 25, 2013, 01:38:15 PM
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Hey,

it seems like I did not quite understand why it makes sense to deposit BTC on bitcoinpyramid.

I tested it with a small amount of BTC which got immediatly paid to other members http://bitcoinpyramid.com/member/5672

So now my balance is 0.

Is it only to increase your threshold?
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rs77063
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January 25, 2013, 09:12:32 PM
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I would stay far away from bitcoinpyramid. It is, as the name suggests, a pyramid scheme. In the US at least, those are illegal, unless you're the government (*cough*social security*cough*). See http://en.wikipedia.org/wiki/Pyramid_scheme for more details.
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January 25, 2013, 09:47:27 PM
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it seems like I did not quite understand why it makes sense to deposit BTC on bitcoinpyramid.

It doesn't make sense to. By doing it you give your coins to the sorts of idiots that enabled people like Pirate, the people who think that high yield investment products are a great thing. There are some other questionable investments like mining bonds where in the best case you get a fixed amount of a rapidly depreciating asset.

If you want to gamble, actually gamble. Try out BitBet.us, BitZino, SealswithClubs, or even SatoshiDice. BitBet.us is pretty new, but I like gambling on outside events more than I like games of chance. There's also a number of fuller bitcoin sports betting books you can find on the gambling forums.

v3miner
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January 25, 2013, 11:06:44 PM
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I would stay far away from bitcoinpyramid. It is, as the name suggests, a pyramid scheme. In the US at least, those are illegal, unless you're the government (*cough*social security*cough*). See http://en.wikipedia.org/wiki/Pyramid_scheme for more details.

this LOL. The title alone man...
Beepbop
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January 25, 2013, 11:17:49 PM
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Bitcoinpyramid is about as good an investment as Bitponzi or Bitslatkin.
essy91
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January 26, 2013, 06:58:41 PM
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But Pyramining.com is something else right? It's called PYRAmining but it works different?
or am I making a mistake here?
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January 26, 2013, 07:06:26 PM
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Yeah, Pyramining is something else. Why anyone would want to even slightly give associations to pyramid schemes beggars belief though.
maunderingcabal
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January 27, 2013, 01:31:56 AM
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I would stay far away from bitcoinpyramid. It is, as the name suggests, a pyramid scheme. In the US at least, those are illegal, unless you're the government (*cough*social security*cough*). See http://en.wikipedia.org/wiki/Pyramid_scheme for more details.

this LOL. The title alone man...

I should start a site called bitcoinscam and I bet people would still sign up.

You like my post? Buy me a beer for ฿0.01
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My website/blog/bitcoin store
Atruk
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January 27, 2013, 03:18:26 AM
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I would stay far away from bitcoinpyramid. It is, as the name suggests, a pyramid scheme. In the US at least, those are illegal, unless you're the government (*cough*social security*cough*). See http://en.wikipedia.org/wiki/Pyramid_scheme for more details.

this LOL. The title alone man...

I should start a site called bitcoinscam and I bet people would still sign up.

They probably would.

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