Bit_Happy
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A Great Time to Start Something!
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April 13, 2014, 05:56:11 PM |
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Trading/Day Trading = You actually have a chance to win, but most people lose anyway. Gambling = You can win short/medium term, and is (sometimes) fun for people who can afford it. Ponzi = Pure stupidity and illegal in many places.
^^^ All 3 options are "exciting", why would anyone ever choose a Ponzi?
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boumalo
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April 13, 2014, 06:36:33 PM |
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Trading/Day Trading = You actually have a chance to win, but most people lose anyway. Gambling = You can win short/medium term, and is (sometimes) fun for people who can afford it. Ponzi = Pure stupidity and illegal in many places.
^^^ All 3 options are "exciting", why would anyone ever choose a Ponzi?
Maybe the chance of getting sc.am adds to the excitement A ponzi game can be a skilled game in the sense that you can be ev>0 if you are far better than the rest of the players and if you disregard the risk of getting sc.ammed
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lostshare
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April 13, 2014, 09:20:12 PM |
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Trading/Day Trading = You actually have a chance to win, but most people lose anyway. Gambling = You can win short/medium term, and is (sometimes) fun for people who can afford it. Ponzi = Pure stupidity and illegal in many places.
^^^ All 3 options are "exciting", why would anyone ever choose a Ponzi?
Day trading is dependant upon the market. A sideways trend means a boring day at times. No profit. Gambling usually results in you walking away empty handed. While you may win a few cents here and there, overall once your money is in, it's there to stay. Ponzi assures guaranteed results provided the owner is honest, keeps the site online, and people continue to invest. Those three requirements have been met in the past and provided people continue to invest money, well aware that their last deposit could be a complete loss, it's easy money. It's not like they are disguised as an investment, it's clear you're playing a ponzi. And since I live in a democratic society where I'm free to decide how to invest my funds and what games to play, I see no harm in spending a small amount here and there into the 3rd option. I day trade when the market is volatile but I also might throw some spare change into a ponzi site for fun. This thread is like watching little girls with a cookie stand running across the street with signs protesting, "Don't buy lemonade down the street, buy our cookies instead". They scream, they protest, they tell you not to buy the lemonade. It's bad for your teeth, it tastes awful.... our cookies are tastier and are healthy. Meanwhile those buying lemonade shrug their shoulders, and ask the little girl behind the stand, "What's up with those girls down the road? They seem awful angry at you." To which the girl would reply, "They don't understand free economy" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) You can protest all you want that something is bad and evil, however the real argument should be why should people not be allowed to have free choice.
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boumalo
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April 13, 2014, 10:13:45 PM |
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People should be allowed to have free choice but those sc.amming should be ostracised; allowing newbies to post ponzis games is too dangerous because they don't care about being ostracised thus my idea of a ponzi section where newbies can't post threads When a ponzi owner invested time to become a Jr member here he is less likely to run away with the money; at least he is less likely to run away immediately
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mem (OP)
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April 14, 2014, 12:28:19 AM |
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People should be allowed to have free choice but those sc.amming should be ostracised; allowing newbies to post ponzis games is too dangerous because they don't care about being ostracised thus my idea of a ponzi section where newbies can't post threads When a ponzi owner invested time to become a Jr member here he is less likely to run away with the money; at least he is less likely to run away immediately
False, a ponzi by definition is insolvent and the end goal of all ponzi's is to acquire as much funds as possible before it collapses. Ponzi operators ALWAYS run off with the money.Get that through your head boumalo, there is no "honest ponzi" and there has never been nor will there ever be a "solvent ponzi" (unless run by the federal reserve bank but thats a different discussion). They are all new accounts because they intend to disappear once idiots stop pouring money into their wallet.
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boumalo
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April 14, 2014, 01:08:12 AM |
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People should be allowed to have free choice but those sc.amming should be ostracised; allowing newbies to post ponzis games is too dangerous because they don't care about being ostracised thus my idea of a ponzi section where newbies can't post threads When a ponzi owner invested time to become a Jr member here he is less likely to run away with the money; at least he is less likely to run away immediately
False, a ponzi by definition is insolvent and the end goal of all ponzi's is to acquire as much funds as possible before it collapses. Ponzi operators ALWAYS run off with the money.Get that through your head boumalo, there is no "honest ponzi" and there has never been nor will there ever be a "solvent ponzi" (unless run by the federal reserve bank but thats a different discussion). They are all new accounts because they intend to disappear once idiots stop pouring money into their wallet. Most ponzis are sc.ams or finish in sc.ams but ponzi games on bitcointalk don't accumulate money, they send it to the old depositors as soon as the new deposits arrive Some players did make money, most lose
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mem (OP)
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April 14, 2014, 03:31:03 AM |
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Most ponzis are sc.ams or finish in sc.ams but ponzi games on bitcointalk don't accumulate money, they send it to the old depositors as soon as the new deposits arrive Some players did make money, most lose
No, not most - All by the very definition. Guess who all the early investors are..... the ponzi operator. Ponzi's also by their very definition HOLD onto money, because fucking morons encouraged by fucking idiots like yourself attempt to compound their investment. boumalo, Im done with you - I kindly ask you to stop arguing in favour of ponzi's or I shall brand you a shill and be done with it. Your arguments are pathetic, dangerous and highly ignorant (wilfully ?) of the subject you argue. Your like the uncle that lets kids play with hand guns for fun because water pistols are weak, all the while sipping a beer and telling the terrified neighbours to stop getting their knickers in a knot while bullets are flying through the suburbs. In short, you give horrific advice, endorse terrible actions and act as if its an OK thing to do.
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lostshare
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April 14, 2014, 04:51:13 AM |
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boumalo, Im done with you - I kindly ask you to stop arguing in favour of ponzi's or I shall brand you a shill and be done with it.
Your like the uncle that lets kids play with hand guns for fun because water pistols are weak, all the while sipping a beer and telling the terrified neighbours to stop getting their knickers in a knot while bullets are flying through the suburbs.
So says the guy who cries like a little school girl, "I'm gonna put you on my text file naughty list if you disagree with me." I should start a "anti-ponzi whiners" list since threatening to add people to useless and ineffective lists seems to be the thing to do. p.s. At least a school girl can tell the difference between "your" and"you're".
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alabamafan1
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April 14, 2014, 05:12:24 AM |
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I have never participated in one of the obvious ponzis on here but I agree with certain parts of both of your sides.
However, Mem you are wrong by saying that ALL ponzis end with the operator running off with funds. 99% do, but there are a couple that have been running for 2+ months here and they make money by taking 1% of the amounts received. At the end of each round the remaining funds are dispersed.
There are some honest people however I will agree that if someone is running a ponzi and doesn't clearly say that upfront, like the Leancy and other "investment" plans, then yes they eventually run off with the funds. If you look at the ponzi being run by 125Ponzi though, his seems to be legit and has been going for some time now as well as a couple others. He makes money through the 1% fee. I will say a lot of these operators probably are sending some of their own funds to these ponzis though, is that wrong? Depends on who you ask but probably.
Anyways just my two cents on this matter.
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boumalo
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April 14, 2014, 12:06:13 PM |
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Most ponzis are sc.ams or finish in sc.ams but ponzi games on bitcointalk don't accumulate money, they send it to the old depositors as soon as the new deposits arrive Some players did make money, most lose
No, not most - All by the very definition. Guess who all the early investors are..... the ponzi operator. Ponzi's also by their very definition HOLD onto money, because fucking morons encouraged by fucking idiots like yourself attempt to compound their investment. boumalo, Im done with you - I kindly ask you to stop arguing in favour of ponzi's or I shall brand you a shill and be done with it. Your arguments are pathetic, dangerous and highly ignorant (wilfully ?) of the subject you argue. Your like the uncle that lets kids play with hand guns for fun because water pistols are weak, all the while sipping a beer and telling the terrified neighbours to stop getting their knickers in a knot while bullets are flying through the suburbs. In short, you give horrific advice, endorse terrible actions and act as if its an OK thing to do. Ponzis are bad an I discourage everyone to deposit in them; I try not to use the term investment as it is not an investment. If you do deposit in ponzis you will likely loose your money because the ponzis operator will run away with the funds or not enough players will deposit after you I suggested to create a ponzi section and forbid newbies to create new threads in the section to limit the losses of honest newbies that think it is a good idea to try ponzis As you can see I don't encourage people to play ponzis nor have a positive opinion on them!!!! Stop threatening me and getting so annoy because I don't have the exact same opinion as you do The fact is ponzis games on bitcointalk pay the old depositors as soon as they can if new deposits arrive, saying that it is not true doesn't help fight the ponzis games! You don't seem to know how ponzis games work on bitcointalk And some people have made money playing them, not me I lost like 90% of the players but some did; I would agree most of the money made is made by the shady ponzis owners and their friends and if you try to make money out of ponzis you most probably will lose I respect your opinion so respect mine, especially since I am attacking ponzis not defending them I repeat : I DISCOURAGE ANYONE TO PLAY PONZIS!!
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coinnewbit
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April 14, 2014, 12:08:36 PM |
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Jessh wow mem you have some strong views on this subject. I agree with most of the sentiments in this post, bct will be affected by ponzi games, however your language leaves alot for improvement
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DiamondCardz
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April 14, 2014, 12:09:50 PM |
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Jessh wow mem you have some strong views on this subject. I agree with most of the sentiments in this post, bct will be affected by ponzi games, however your language leaves alot for improvement
IMHO he is very correct. Personally I can stand Ponzi Schemes & HYIPs but I don't agree with people either shilling them or them being misleading and in the same section as gambling websites.
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BA Computer Science, University of Oxford Dissertation was about threat modelling on distributed ledgers.
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koshgel
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April 14, 2014, 09:19:24 PM |
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what do we need to do to have ponzi's removed from gambling section. Why is it soo hart to make category just for them?!
It's not hard at all and multiple posts have been made in Meta regarding it but it's obvious that the enforcement done by the admin and moderators is limited to only spamming. There seems to have been an overall reduction in ponzi posts though so either people are finally wising up to the scam or mods are finally moving the posts
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boumalo
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April 14, 2014, 10:52:23 PM |
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what do we need to do to have ponzi's removed from gambling section. Why is it soo hart to make category just for them?!
It's not hard at all and multiple posts have been made in Meta regarding it but it's obvious that the enforcement done by the admin and moderators is limited to only spamming. There seems to have been an overall reduction in ponzi posts though so either people are finally wising up to the scam or mods are finally moving the posts I think the players get smarter and the ponzis owners stay the same; a few smart guys tried to do ponzis games but they ended up shutting it down sometimes leaving with the money left in the wallet
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apsvinet
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April 15, 2014, 04:21:41 PM |
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Of course there's a reduced amount of Ponzis now, people aren't using them as frequently thanks to the mass wave of posts about them.
All good I guess.
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leex1528
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April 15, 2014, 05:22:06 PM |
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What is the difference between a scam, and an idea that won't work?
I see you have several people listed as a scammer that I have been paid from.
I have been trying (at low amounts) those multiply your btc by x %, and have been paid every time.
When it gets to far in the game people stop investing, and thus no payments get made, rarely does the ponzi owner make much of this game(the .0001 per transaction I think?)
I wouldn't consider that a scam at all, he paid several people but the people who invested too late didn't get paid and are upset(understandable)
I would consider a scammer to be someone who after 5 deposits didn't pay anyone, and is unseen again.
Any thoughts?
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apsvinet
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April 15, 2014, 05:24:04 PM |
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What is the difference between a scam, and an idea that won't work?
I see you have several people listed as a scammer that I have been paid from.
I have been trying (at low amounts) those multiply your btc by x %, and have been paid every time.
When it gets to far in the game people stop investing, and thus no payments get made, rarely does the ponzi owner make much of this game(the .0001 per transaction I think?)
I wouldn't consider that a scam at all, he paid several people but the people who invested too late didn't get paid and are upset(understandable)
I would consider a scammer to be someone who after 5 deposits didn't pay anyone, and is unseen again.
Any thoughts?
They are scammers because they didn't pay everyone. They indirectly PROMISE payout to EVERYONE, and most Ponzis end before the last investment as well, with the owner running away. Just because a casino site would work for the first 1000 players, then they'd disappear with all deposits, would they not be a scam?
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leex1528
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April 15, 2014, 05:29:28 PM |
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What is the difference between a scam, and an idea that won't work?
I see you have several people listed as a scammer that I have been paid from.
I have been trying (at low amounts) those multiply your btc by x %, and have been paid every time.
When it gets to far in the game people stop investing, and thus no payments get made, rarely does the ponzi owner make much of this game(the .0001 per transaction I think?)
I wouldn't consider that a scam at all, he paid several people but the people who invested too late didn't get paid and are upset(understandable)
I would consider a scammer to be someone who after 5 deposits didn't pay anyone, and is unseen again.
Any thoughts?
They are scammers because they didn't pay everyone. They indirectly PROMISE payout to EVERYONE, and most Ponzis end before the last investment as well, with the owner running away. Just because a casino site would work for the first 1000 players, then they'd disappear with all deposits, would they not be a scam? Most of the places I saw say "We do not promise you will get paid" "This only works when investors come in after you" etc in their FAQs..
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apsvinet
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April 15, 2014, 05:30:19 PM |
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What is the difference between a scam, and an idea that won't work?
I see you have several people listed as a scammer that I have been paid from.
I have been trying (at low amounts) those multiply your btc by x %, and have been paid every time.
When it gets to far in the game people stop investing, and thus no payments get made, rarely does the ponzi owner make much of this game(the .0001 per transaction I think?)
I wouldn't consider that a scam at all, he paid several people but the people who invested too late didn't get paid and are upset(understandable)
I would consider a scammer to be someone who after 5 deposits didn't pay anyone, and is unseen again.
Any thoughts?
They are scammers because they didn't pay everyone. They indirectly PROMISE payout to EVERYONE, and most Ponzis end before the last investment as well, with the owner running away. Just because a casino site would work for the first 1000 players, then they'd disappear with all deposits, would they not be a scam? Most of the places I saw say "We do not promise you will get paid" "This only works when investors come in after you" etc in their FAQs.. And in that case they're not scams. People invest at their own risk.
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mem (OP)
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May 02, 2014, 12:22:38 PM |
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What is the difference between a scam, and an idea that won't work? None what so ever when you are selling an idea you know to be flawed as working.
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