333eth SPAM/Ponzi

[asche]

I stumbled upon the profile of Relyt, which spams about 333ETH in various local forums when he isn't staying in his local russian board (I don't speak russian well enough to know if it is automated spam or legit).

I reported his 333 ETH posts, however I was curious about it.

Seems like there are quite a lot postings being spammed around the forum about this.

Is this considered a scam? Looks like classic ponzi to me.

Banning/Tagging users promoting this would be useful.


https://bitcointalk.org/index.php?topic=5024301.0

EDIT :

Also a possible alt of Relyt, also spamming about 333eth :

https://bitcointalk.org/index.php?action=profile;u=18394

[Lafu]

This thread is in Gambling !

Code:

Warning: You are in the Gambling section. 

Additionally, moderators do not remove likely scams. You must use your own brain: caveat emptor. Do not gamble more than you can afford to lose.

[asche]

This thread is in Gambling !

Code:

Warning: You are in the Gambling section. 
You are likely to eventually lose any money that you gamble/"invest". 
Additionally, moderators do not remove likely scams. You must use your own brain: caveat emptor. Do not gamble more than you can afford to lose.

The thread is, not the various messages in other boards promoting it.

A few examples below. I'm sure he is not the only user doing this.

Oбычный xaйп,кoгo вы oбмaнывaeтe. Я выбиpaю cтaбильнyю cиcтeмy - 333eth

Этo coвceм yж днo. Лyчшe нaйти нopмaльный xaйп. Haпpимep 333eth

Этo чтo вooбщe? Лyчшe yж 333eth! . Moдeль пpoeктa пpoзpaчнa и cпpaвeдливa, cтaвкa пpивлeкaтeльнa, и в цeлoм 333ETH выглядит кaк oтличный cпocoб зapaбoтaть

[Lafu]

Yeb see it now just report him ,  maybe with a reason to nuke !

[asche]

Yeb see it now just report him ,  maybe with a reason to nuke !

Edited first post with possible alt account spamming also about 333eth

[Findingnemo]

If you consider this as scam then you should move this to Scam Accusations and also you can PM DT member to tag that account but no ban will be implemented for scammers in my knowledge since scams are not moderated here.

[asche]

If you consider this as scam then you should move this to Scam Accusations and also you can PM DT member to tag that account but no ban will be implemented for scammers in my knowledge since scams are not moderated here.

So keeping an account that posts every minute about a scam/ponzi is fine? I don't think we read the same rules. Even if the project was legit such behavior is not allowed.

[suchmoon]

If you consider this as scam then you should move this to Scam Accusations and also you can PM DT member to tag that account but no ban will be implemented for scammers in my knowledge since scams are not moderated here.

So keeping an account that posts every minute about a scam/ponzi is fine? I don't think we read the same rules. Even if the project was legit such behavior is not allowed.

Just keep reporting them, the spam accounts can be banned and the spam messages can get deleted. The scam thread itself - unlikely.

[asche]

If you consider this as scam then you should move this to Scam Accusations and also you can PM DT member to tag that account but no ban will be implemented for scammers in my knowledge since scams are not moderated here.

So keeping an account that posts every minute about a scam/ponzi is fine? I don't think we read the same rules. Even if the project was legit such behavior is not allowed.

Just keep reporting them, the spam accounts can be banned and the spam messages can get deleted. The scam thread itself - unlikely.

I have reported the ones I found.

This is more like an invitation for people who find more posts like these to do the same

Thanks for your input tho.

[Xal0lex]

I stumbled upon the profile of Relyt, which spams about 333ETH -Snip-

EDIT :

Also a possible alt of Relyt, also spamming about 333eth :

https://bitcointalk.org/index.php?action=profile;u=18394

Both nuked.

[asche]

I stumbled upon the profile of Relyt, which spams about 333ETH -Snip-

EDIT :

Also a possible alt of Relyt, also spamming about 333eth :

https://bitcointalk.org/index.php?action=profile;u=18394

Both nuked.

Great. Thanks man

[buksbunny77]

It seems to me that many members of the forum have outdated concepts about the Ponzi scheme. In order to conduct a dialogue in the right direction, we must first give a clear concept of what the Ponzi scheme is. And where, besides financial pyramids (as this market was dubbed), is it still used at the state level?
Only after that, it will be possible to scatter the terminology of Ponzi and brand everything in a row.

US Dollar - Ponzi Scheme?

[AdolfinWolf]

It seems to me that many members of the forum have outdated concepts about the Ponzi scheme. In order to conduct a dialogue in the right direction, we must first give a clear concept of what the Ponzi scheme is. And where, besides financial pyramids (as this market was dubbed), is it still used at the state level?
Only after that, it will be possible to scatter the terminology of Ponzi and brand everything in a row.

US Dollar - Ponzi Scheme?

https://333eth.io/ is a ponzi scheme. You can deflect all you want on other projects such as the US dollar, it really does not make your project any more legitimate.

And for the record. US$ are not (part of) a ponzi scheme imo.

US Dollars are backed by future taxes on future US GDP, be it in gold or in US Dollars. The independent Fed also sets Monetary Policy so that we have a very controlled 2% inflation target and a healthy economy with low unemployment.

Your service has none of that. Except a referral system and the following interest;

The calculation of your interest is in equal parts every 10 minutes, totaling 2%-3.33% daily from the sum of all of your investments in the smart contract.

I get 3.33% a day, spreaded over 144 payments a day? (1 payment every 10 minutes?). That together with compound interest seems ABSOLUTELY ridiculous, and 100% unsustainable?

[NeonWolf]

Find me at least one pyramid that reimburses the losses to their investors?

[asche]

It seems to me that many members of the forum have outdated concepts about the Ponzi scheme. In order to conduct a dialogue in the right direction, we must first give a clear concept of what the Ponzi scheme is. And where, besides financial pyramids (as this market was dubbed), is it still used at the state level?
Only after that, it will be possible to scatter the terminology of Ponzi and brand everything in a row.

US Dollar - Ponzi Scheme?

nonsense. If you want to explain to people what a Ponzi is, please go make a post in Beginners or something and paste the wiki page there


Don't forget to put the source in there tho

Find me at least one pyramid that reimburses the losses to their investors?

Not sure what this is about?

[Taki]

This thread is in Gambling !

Code:

Warning: You are in the Gambling section. 
You are likely to eventually lose any money that you gamble/"invest". 
Additionally, moderators do not remove likely scams. You must use your own brain: caveat emptor. Do not gamble more than you can afford to lose.

The thread is, not the various messages in other boards promoting it.

A few examples below. I'm sure he is not the only user doing this.

Oбычный xaйп,кoгo вы oбмaнывaeтe. Я выбиpaю cтaбильнyю cиcтeмy - 333eth

Этo coвceм yж днo. Лyчшe нaйти нopмaльный xaйп. Haпpимep 333eth

Этo чтo вooбщe? Лyчшe yж 333eth! . Moдeль пpoeктa пpoзpaчнa и cпpaвeдливa, cтaвкa пpивлeкaтeльнa, и в цeлoм 333ETH выглядит кaк oтличный cпocoб зapaбoтaть

As Russian who understand what is written here I can say that it is simple promotion from a forum member. He must be gets something from this, but the thing he is promoting really looks like a Ponzy scheme. People should to use their brains before to react on such things positively.

[tmfp]

It seems to me that many members of the forum have outdated concepts about the Ponzi scheme. In order to conduct a dialogue in the right direction, we must first give a clear concept of what the Ponzi scheme is. And where, besides financial pyramids (as this market was dubbed), is it still used at the state level?
Only after that, it will be possible to scatter the terminology of Ponzi and brand everything in a row.

US Dollar - Ponzi Scheme?

It seems to me that you are using a standard deflection/denial strawman argument ("outdated"..."What about central banks?"... "Everything is a pyramid") that Ponzi/pyramid scammers have been using for years.
The only marginally gray area where schemes, which have no (or insufficient) core profit generation activity and hence pay out later investors' funds to earlier investors, should be labelled as "scams" is whether they lie about it or not.
This aspect has been discussed several times.
If you say "We are experienced FX/arbitrage/whatever traders and pay daily trading returns of x%", whereas in reality the x% comes from new investors money, then you are a Ponzi scam.
If you say "our scheme is based on a smart contract which allocates x% returns when new deposits are sufficient to do so" then it can be argued that it is a Ponzi "game", as there has been no attempt to mislead regarding the source of the x%.

[ferrari512ax]

I invested in 333 v1 and I will invest in their new version. It's not scam I'm sure

[tmfp]

anyone who wants to make an investment in this project will receive a minimum of 360% per year

...It's not scam I'm sure

Sure.

[langjosep]

It doesn't matter, scam or not, probably part of investors earned easy money, but it is just boring to read this posts.