Moondreams
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March 17, 2018, 08:30:28 PM |
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Same thing for the reason why the banks shutdown creditcard purchases of crypto... people are easily drawn into scams and they don't want a mass exodus of chargebacks to deal with in the aftermath. absolutely true!!
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AGM76
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March 18, 2018, 07:21:04 AM Last edit: March 22, 2018, 12:51:22 AM by AGM76 |
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Is it really illegal to promote a 'ponzi scheme' as I've read people state ? It seems most cryptos should be classed as that.
There is one coin out that Trevon says is 'bitconnect on the blockchain' (see his latest video) and it's also meant to be a 'ponzi' (well when I googled the name, it seemed to come up as that) but there is no 'middle man' involved and it's all done via smart contracts. I actually don't really understand it but just bought some with the ETH I had accumulated from LendConnect of all things
https://powh.io
I have no clue (I think you get dividends every time someone buys or sells it) but I just bought 0.84 ETH worth lol
Trust Trevon to promote the next 'ponzi' in his latest vid but is it really illegal to do so if it's a crypto?P.S. I have made 3 cents of withdrawable (or reinvestable) dividends in ETH already and it was only 28minutes ago I bought it. So basically I think you make money whenever anyone else sells or buys. Currently it costs 0.0035ETH for each P3D token (a couple of dollars almost).
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suchmoon
Legendary
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https://bpip.org
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March 18, 2018, 01:37:53 PM |
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Is it really illegal to promote a 'ponzi scheme' as I've read people state?
Why don't you contact the SEC and find out? Most people don't really have that question. Stop spamming this thread with off-topic crap. Nobody cares where you choose to waste your money next.
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karel88l
Jr. Member
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March 18, 2018, 02:07:45 PM |
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Buy the dip.Or maybe not ?
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gwestcot
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March 18, 2018, 02:43:37 PM |
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Is it really illegal to promote a 'ponzi scheme' as I've read people state?
Why don't you contact the SEC and find out? Most people don't really have that question. Stop spamming this thread with off-topic crap. Nobody cares where you choose to waste your money next. I come here for entertainment. It never fails to deliver!
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AGM76
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March 18, 2018, 06:30:39 PM Last edit: March 19, 2018, 06:57:02 AM by AGM76 |
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Is it really illegal to promote a 'ponzi scheme' as I've read people state?
Why don't you contact the SEC and find out? Most people don't really have that question. Stop spamming this thread with off-topic crap. Nobody cares where you choose to waste your money next. Well I was asking about cryptos as they are almost all ponzis with nothing backing the price in most cases. For powh.io, I have already made 1% in dividends in 11hours (my dividends are already worth 1% of the value of my P3D tokens at nearly $4 of ETH in dividends)!!! Plus the price went up a lot already to 0.0038 ETH from 0.0035 ETH (close to 10% increase in just 11 hours). When someone buys the token, the price goes up a percentage and when someone sells it goes down a percentage. This is all done in the smart contract. There is also a 10% fee for buying and also for selling that is distributed evenly to everyone as dividends (in ETH) that can be withdrawn at any time or reinvested. You can also withdraw your principal at any time. If you read the smart contract, the developers don't have any extra advantages except they knew about it early so could buy in cheaper. Nothing can stop this system! It's totally fair. Unlike bitconnect, the marketing can't be done by the company as no extra profits are made by any of the developers. I suppose it has to market itself or through the 'masternode' links. Not sure how people can lose on this as long as people keep buying - what could stop people buying it (price is 0.0042 ETH now btw and the dividends are crazy at the moment)? 326 ETH bought today and only 15ETH sold!!! Anyway, I had nearly 1.5BTC left over and thought I'd put it in here instead (the distribution of wealth is much fairer than with BTC - 61% of holders have less than 1% each of all tokens and the largest holder only has 4%) .....wish me luck Copied this from the discord : Copied this disclaimer from a similar website: Disclaimer This game is intended for entertainment purposes only. Do not send any ETH you do not want to or cannot afford to lose. There is zero guarantee that you will make ETH playing this game. And more importantly, zero guarantee that you won't lose any ETH you play with. Play at your own risk and do not attempt to pressure friends, family or strangers into playing too. In fact, you shouldn't even play yourself. The risk is entirely yours. Tread carefully. Good luck and have fun! And remember, it's internet monopoly money. Don't do anything you'll lose sleep (or your family) over.
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suchmoon
Legendary
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https://bpip.org
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March 18, 2018, 06:44:54 PM |
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off topic bullshit
It doesn't matter how you're rationalize it. This thread is about the Bitconnect ponzi scam. That doesn't mean you can shill for every other scam here.
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AGM76
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March 18, 2018, 07:51:32 PM |
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off topic bullshit
It doesn't matter how you're rationalize it. This thread is about the Bitconnect ponzi scam. That doesn't mean you can shill for every other scam here. What about all the other cryptos? Have you noticed BTC going down but all others are even worse (why, if they are not a Ponzi, are they so related to the bitcoin price - shouldn't they be going up if BTC goes down to compensate for the loss in value if they really did have value?) and 45% of the whole market cap is now in BTC whereas a few weeks ago it was A LOT lower and more money was in the other coins and only little more than about 30% in BTC. Seems fishy doesn't it?
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Vansire
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March 18, 2018, 07:56:26 PM |
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This thread is legendary. I haven't accomplished much and all my coins have gone to shit, but at least I can be part of this piece of history.
Biiiiiitcoooooneeeect!
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suchmoon
Legendary
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Activity: 3808
Merit: 9018
https://bpip.org
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March 18, 2018, 08:12:15 PM |
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off topic bullshit
It doesn't matter how you're rationalize it. This thread is about the Bitconnect ponzi scam. That doesn't mean you can shill for every other scam here. What about wah wah wah wah What about posting in a thread that is appropriate for the topic you want to discuss? This is about Bitconnect, remember - the ponzi that collapsed a couple of months ago.
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shogun47
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March 18, 2018, 09:12:15 PM |
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Shill this shill that blah blah blah. Its hilarious everytime anyone posts anything in this bitconnect thread there are two posters that immediately shit on them. Its automatic. Makes you wonder why they do it right? A little testy about anyone asking any questions or commenting in any way shape of form about BCC arent they? Very peculiar. I mean these two assclowns in particular get all in a lather about an insignificant little cryptocoin that yesterday according to CMC had a whopping $23,912 USD in market cap. I mean why do they care? Makes you wonder if they might even be getting paid to post their FUD nonsense because they sure as fuck dont give a rats ass about the BCC investards like they claim they do.
You got marketcap confused with volume. A difference of about 3 orders of magnitude. Bitconnect is a collapsed ponzi scam. It's not FUD to point that out to people who deliberately or mistakenly try to whitewash it. We all know "Bitconnect is a collapsed ponzi scam". You write it everytime someone cuts a fart in here. I obviously meant 24 hour market cap you nitpicking dickhead. I will expect you to be posting somewhere soon about this since you are so concerned about the welfare of others right Mother Theresa? https://www.forbes.com/sites/panosmourdoukoutas/2018/03/07/ripple-could-be-the-next-bitcoin/#5e133085b39aNot sure if you meant 24 hour market cap. Maybe you meant 14 months market cap. That would make sense because it started at 0 in January 17 and ended at 0 in March 18.
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NDLcrypt
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Join FlipNpik Telegram : t.me/flipnpikico
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March 18, 2018, 10:50:08 PM |
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This thread is legendary. I haven't accomplished much and all my coins have gone to shit, but at least I can be part of this piece of history.
Biiiiiitcoooooneeeect!
Many have lost a lot of money on this project. I was lucky, I did not believe in his prospects and a long life from the very beginning)) But a few of my friends suffered, alas...
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Peple
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March 18, 2018, 11:37:05 PM |
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in other boards this thread of this coin is not so popular, apparently in other countries were already familiar with such a scheme much better
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AGM76
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March 19, 2018, 05:02:39 AM Last edit: March 19, 2018, 05:31:33 AM by AGM76 |
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https://www.youtube.com/watch?v=_k833juQcicStrange happenings on coinexchange (that price is an average but the sell price is actually higher on coinexchange than coinmarketcap shows)....the sell price is 2.5X the buy prices so a very large spread. People are buying at inflated prices. Only a few thousand seem to be on sale at the moment. It's a big day too there for BCC as they are delisting them on the 19th. Regarding the 'bitconnect on a blockchain' powh.io, I expect to be getting about $400 a day in dividends with the amount I eventually put in today but I'll see what happens lol. I won't be reinvesting it, just will withdraw it each day. The interesting thing is that when people withdraw their principal, 10% is also taken and spread out among all holders. So 'the last man standing' can't really lose, funnily enough. I haven't really worked it out but as long as you don't sell (apart from withdrawing dividends) you get a percentage of everyone else's withdrawals in actual ETH as dividends.
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paderobin
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March 19, 2018, 08:20:09 AM |
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Wait. This scam thread is still open? Thought mods would have closed it by now - probably just lock it up for posterity
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suchmoon
Legendary
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Activity: 3808
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https://bpip.org
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March 19, 2018, 02:36:16 PM |
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So 'the last man standing' can't really lose, funnily enough. I haven't really worked it out
The only people who can't lose in a ponzi are the scammers. By definition, someone has to lose money in order for the scammers to make money. "Investors" are deluding themselves with all sorts of rationalizations but really they're just hoping that they won't be the ones holding the bag when the scheme collapses. And you're still shilling offtopic scams, funnily enough.
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AGM76
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March 19, 2018, 04:59:45 PM |
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A lot of the volume is now on Trade Satoshi...... the price is up about 50% too. Not many on sale, though so I suppose most people are holding in their desktop wallets. Trading is still going on at coinexchange.
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AGM76
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March 19, 2018, 05:03:34 PM Last edit: March 19, 2018, 08:15:56 PM by AGM76 |
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So 'the last man standing' can't really lose, funnily enough. I haven't really worked it out
The only people who can't lose in a ponzi are the scammers. By definition, someone has to lose money in order for the scammers to make money. "Investors" are deluding themselves with all sorts of rationalizations but really they're just hoping that they won't be the ones holding the bag when the scheme collapses. And you're still shilling offtopic scams, funnily enough. I actually worked out it was better than BTC and less of a risk in some ways (especially in a bear market). It is zero-sum like BTC too and early investors and the DEVs were limited in the amount of ETH they could invest into it (it was just 1 ETH each) which means that it is very evenly spread out. The price is up to 0.0045 ETH from 0.0035 when I first entered a day ago and nearly 900ETH is now in the contract. The only possible problem is a bug in the code but this is the third attempt at this by various people and the code has been written from scratch and audited a lot. https://etherscan.io/address/0xb3775fb83f7d12a36e0475abdd1fca35c091efbeSome guy on the discord keeps taking pics with his escort (he seems to have her over a lot): Not far off 1000 ETH in the contract now
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shogun47
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March 19, 2018, 08:36:15 PM |
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https://www.youtube.com/watch?v=_k833juQcicStrange happenings on coinexchange (that price is an average but the sell price is actually higher on coinexchange than coinmarketcap shows)....the sell price is 2.5X the buy prices so a very large spread. People are buying at inflated prices. Only a few thousand seem to be on sale at the moment. It's a big day too there for BCC as they are delisting them on the 19th. Regarding the 'bitconnect on a blockchain' powh.io, I expect to be getting about $400 a day in dividends with the amount I eventually put in today but I'll see what happens lol. I won't be reinvesting it, just will withdraw it each day. The interesting thing is that when people withdraw their principal, 10% is also taken and spread out among all holders. So 'the last man standing' can't really lose, funnily enough. I haven't really worked it out but as long as you don't sell (apart from withdrawing dividends) you get a percentage of everyone else's withdrawals in actual ETH as dividends. You finally understood it. While you were arguing that BCC at over $300 wasn't inflated but reasonable, you now acknowledge that BCC at $4 is inflated.
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| | Peach BTC bitcoin | │ | Buy and Sell Bitcoin P2P | │ | . .
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