should Ponzi's be in the gambling section?

[iznoP]

These games that call themselves "ponzis" are not Ponzi schemes. As long as the operators disclose everything, then they are no more a scam than any other gambling game.

+100 Totally agree.
Sites that say the payment is guaranteed are lying but in general the Ponzi games are very fun and potentially rewarding.
It should be obvious that if you invest in the beginning you have a high chance of payback, and as time goes it decreases.

Personally I've earned a good amount and can say they usually work. Or rather some work and some are scam, that's why you should check and be careful.

That said, I'm not against a sub-forum for ponzis. I come only for them, I never tried the other games and don't care about them.

[lucaspm98]

Sure, why not. It can definitely be classified as gambling. It could even be called a game, I know I am treating them as fun little games.

[Micon]

Hello low post count new members supporting Ponzi's in the gambling section.


Ponzi sites are not like gambling because the model is completely unsustainable.  it is called a "Scheme" and not a "game" for this reason.

[Micon]

Totally agree. Ponzi schemes should be removed.

by cluttering the gambling section with scam sites, i.e. refusing to police what appears to be only a small number of operators starting many new Ponzi sites each day, bitcointalk is hurting legitimate gambling sites like SealsWithClubs and BitcoinVideoCasino (which carries the #miconapproved tag and I have no financial interest in the project - their Video poker model is super-tits and they have reliably paid out for years)  but instead of furthering the world wide bitcoin brand, new users are finding this section today and thinking "oh, so bitcoin gambling sites are all scams.  Moving along"

[flower1024]

i like the idea of a seperated ponzi/pyramid section.
but i've seen op's which try to lie about it.

afaik ponzi/pyramids are illegal in many countries. i dont knoe if the forum could get legal trouble by providing an own section.

so i prefer them to be in the gamble section (but certainly not in investing)

[iznoP]

Hello low post count new members supporting Ponzi's in the gambling section.


Ponzi sites are not like gambling because the model is completely unsustainable.  it is called a "Scheme" and not a "game" for this reason.

Hello:)
On average, gambling will cost you more than you will earn. Otherwise it will not be sustainable (no operator wants to lose).
Same thing on ponzis. It's true that they can never survive for long. It's a known fact. I'm only doing this for a week (since ponzi.io) and I've used more than 12 sites (I can list them if needed).
The fact that ponzis don't last long doesn't mean you can't use them as long as they are paying and earn money on total. It just mean some people will have to lose the same amount others are earning.

To flower1024 who said that they may be illegal. That's an important point this site owners need to consider.
For me I'm pretty sure that where I live participating in gambling (and I consider bitcoin ponzis gambling) is illegal. It doesn't bother me much.

[flower1024]

To flower1024 who said that they may be illegal. That's an important point this site owners need to consider.
For me I'm pretty sure that where I live participating in gambling (and I consider bitcoin ponzis gambling) is illegal. It doesn't bother me much.

there is a difference if you are allowed to gamble or if the forum is allowed to advertise gambling (which they do by providing a category).

the second concerns me more

[ITsTanked]

also lock the end ponzi to stop all topic from being bump for next 3 years

[Micon]

forget the conceptual debate, how about a few operators making many URLs to same copy-paste service?

[quone17]

This is absolutely ridiculous. In a matter of days this section had gone down the tubes. Yes we need a separate ponzi section, or it should be somewhere else. I suppose it is gambling in the sense that you probably won't get your money back but it's not traditional gambling. Gambling has an expected return. These ponzis are mostly just scams.

[Micon]

This is absolutely ridiculous. In a matter of days this section had gone down the tubes. Yes we need a separate ponzi section, or it should be somewhere else. I suppose it is gambling in the sense that you probably won't get your money back but it's not traditional gambling. Gambling has an expected return. These ponzis are mostly just scams.

The ones that use this area for legitimate bitcoin gambling promotion and research have suffered the most from it.  And yes, new threads daily, front page unreadable Ponzi land now.  Mods seem silent / not looking / not caring.

[darkmule]

If it should be anywhere at all, it should be in Games & Rounds like the free BTC offers.  It has much less business being upstairs than even those free stuff threads, which have been here upstairs since I've been here.

I think it should be in some HYIP thread, though.  It's not really gambling in a "legitimate" sense.

[Jcw188]

If it should be anywhere at all, it should be in Games & Rounds like the free BTC offers.  It has much less business being upstairs than even those free stuff threads, which have been here upstairs since I've been here.

I think it should be in some HYIP thread, though.  It's not really gambling in a "legitimate" sense.

Right, for gambling, there is a house edge, which everyone knows about (or should know about) and it remains constant, generally speaking.  With these ponzi schemes, they are like admitted failure gambling companies, like they'll last for a couple days and then you get nothing back.  In other words, they are guaranteed to be scams (unlike "regular" gambling).

[BitcoinCasino.org]

Totally agree, please remove Ponzi related threads from the gambling section.

[Micon]

Totally agree, please remove Ponzi related threads from the gambling section.

the Ponzi invasion clearly hurts legit bitcoin gambling sites the most.

Seems to me like this may even be 1 operator with many sites and many 5-post sock accounts consta-bumping all threads.  A very effective marketing strategy indeed if mods refuse to act.

[Micon]

https://bitcointalk.org/index.php?topic=471610.0

let's see if we can get some attention to it.  Please +1 that call for mod'in

[Bitcoinsportspicks]

I totally agree that all this Ponzi garbage needs to go.  Ponzi operators are, by definition, outright con men and have no business in the forums.

[zolace]

These games that call themselves "ponzis" are not Ponzi schemes. As long as the operators disclose everything, then they are no more a scam than any other gambling game.

+100 Totally agree.
Sites that say the payment is guaranteed are lying but in general the Ponzi games are very fun and potentially rewarding.
It should be obvious that if you invest in the beginning you have a high chance of payback, and as time goes it decreases.

Personally I've earned a good amount and can say they usually work. Or rather some work and some are scam, that's why you should check and be careful.

That said, I'm not against a sub-forum for ponzis. I come only for them, I never tried the other games and don't care about them.

Get out of here you scammer,  all the newbies are the same group of scammers that came here to operate this and run later

[zolace]

lets all flood the global moderator with this request to remove all Ponzi threads!!!!!

I just PM and posted on the mod thread,  Keep it going flood the mods so they can remove this shitty scams once and for all

[zolace]

Makiev we all know your in charge of all the ponzi scams and soon Mods will remove them