timmy1979222 (OP)
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July 09, 2014, 09:04:58 PM |
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I looked at many sites,but dont know wich are scams
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DannyHamilton
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July 09, 2014, 09:08:32 PM |
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I looked at many sites,but dont know wich are scams
They all are. http://en.wikipedia.org/wiki/High-yield_investment_programA high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors.
There is no such thing as a HYIP that isn't a scam.
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BitCoinDream
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The revolution will be digital
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July 09, 2014, 09:21:13 PM |
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I looked at many sites,but dont know wich are scams
HYIPs are always scam. Ponzi is a strict No-No. Try MLM programs with stable business model, e.g. Amoy, TupperWare etc. There may be some like these in Bitcoin too... but watch out their business model first.
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timmy1979222 (OP)
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July 09, 2014, 10:00:46 PM |
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what is the scam inside? will they not pay ?
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Lethn
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July 09, 2014, 11:02:40 PM |
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what is the scam inside? will they not pay ?
Just read the article it explains it fine. an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors What this means is that the scheme is offering no services or products of value in return for the investment, for example in a legitimate stock if you purchase a company you will benefit from them doing well either through a rise in the stock price or through dividend payments, so even if you only had one investor in a company that investor would still be able to profit, in a ponzi scheme if there is only one investor the whole time the scheme collapses because there isn't money from other investors coming in.
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LostDutchman
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July 09, 2014, 11:19:38 PM |
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I looked at many sites,but dont know wich are scams
They all are. http://en.wikipedia.org/wiki/High-yield_investment_programA high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors.
There is no such thing as a HYIP that isn't a scam. Not necessarily, some are just incredibly risky.
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BitCoinDream
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July 09, 2014, 11:23:05 PM |
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I looked at many sites,but dont know wich are scams
They all are. http://en.wikipedia.org/wiki/High-yield_investment_programA high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors.
There is no such thing as a HYIP that isn't a scam. Not necessarily, some are just incredibly risky. Any logical explanation of how a system can survive by paying investors with its own investor's money ? The return liability will only increase with time leading to a collapse.
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LostDutchman
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July 09, 2014, 11:25:46 PM |
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I looked at many sites,but dont know wich are scams
They all are. http://en.wikipedia.org/wiki/High-yield_investment_programA high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors.
There is no such thing as a HYIP that isn't a scam. Not necessarily, some are just incredibly risky. Any logical explanation of how a system can survive by paying investors with its own investor's money ? The return liability will only increase with time leading to a collapse. Not all HYIPs are Ponzis but all Ponzis are HYIPs.
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DannyHamilton
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July 09, 2014, 11:28:04 PM |
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Here's how a HYIP works:
A thief convinces some people to let him hold their money for a short while. We'll call them group A.
The thief then convinces other people to let him hold their money for a while. We'll call them group B.
The thief keeps some of the money from group B, and gives some of the money from group B to group A.
Group A now has their own money back and some of the money that was stolen from group B.
Group A is happy and advertises the scam for the thief.
The thief uses this positive news from Group A to convince more people to let him hold their money for a while. We'll call them group C.
The thief keeps some of the money from group C. Then, to keep group B from getting angry and spreading bad information about the scam, the thief gives whatever is left of group B's money back to them, and then gives enough of group C's money to group B to keep them happy.
Now group A and group B are both telling people about how great the scam is.
The thief uses this additional positive news from groups A and B to convince more people to let him hold their money for a while. We'll call them group D.
The thief keeps some of the money from group D. Then to keep group C from getting angry and spreading bad information about the scam, the thief gives whatever is left of group C's money back to them, and then gives enough of group D's money to group C to keep them happy.
You might notice that each time the thief pays himself. You also might notice that each group so far is getting more money than they put in. The only way this can work is if each new group puts in more total money than the previous group. Otherwise there isn't enough money to pay the promised profits to the earlier groups.
Eventually the thief runs out of people willing to participate in his scam. At this point, he is no longer able to pay back any of the groups that have recently given him money. He disappears, keeping all the money that he stole from all the groups that let him hold their money.
The earlier participants are essentially paid accomplices. The thief pays them (with other people's money) to help him find more people to steal from and to convince people that he is not a scam.
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BitCoinDream
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July 09, 2014, 11:29:31 PM |
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I looked at many sites,but dont know wich are scams
They all are. http://en.wikipedia.org/wiki/High-yield_investment_programA high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors.
There is no such thing as a HYIP that isn't a scam. Not necessarily, some are just incredibly risky. Any logical explanation of how a system can survive by paying investors with its own investor's money ? The return liability will only increase with time leading to a collapse. Not all HYIPs are Ponzis but all Ponzis are HYIPs. Any example of HYIP that is not a ponzi ? Please dont say MLM ...those are NOT HYIP.
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LostDutchman
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July 09, 2014, 11:34:54 PM |
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I looked at many sites,but dont know wich are scams
They all are. http://en.wikipedia.org/wiki/High-yield_investment_programA high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors.
There is no such thing as a HYIP that isn't a scam. Not necessarily, some are just incredibly risky. Any logical explanation of how a system can survive by paying investors with its own investor's money ? The return liability will only increase with time leading to a collapse. Not all HYIPs are Ponzis but all Ponzis are HYIPs. Any example of HYIP that is not a ponzi ? Please dont say MLM ...those are NOT HYIP. Take a look around at MoneyMakers.
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LostDutchman
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July 09, 2014, 11:39:31 PM |
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I'm sorry.
I should have written MoneyMakerGroup.
Mea Culpa!
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DannyHamilton
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July 09, 2014, 11:43:09 PM |
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I'm sorry.
I should have written MoneyMakerGroup.
Mea Culpa!
Took a look at about a half a dozen of the HYIP listed there. Every one of them looks like a ponzi to me.
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LostDutchman
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July 09, 2014, 11:44:21 PM |
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I'm sorry.
I should have written MoneyMakerGroup.
Mea Culpa!
Took a look at about a half a dozen of the HYIP listed there. Every one of them looks like a ponzi to me. Yeah, a shitload of them are for sure! Easy way to make a living I guess if you could live with yourself doing that sort of thing. I couldn't.
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Bitcoinbikers
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Now that's a can do attitude!
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July 10, 2014, 12:44:24 AM |
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1D6p2j56E4sTsjC7raahVm8HVEmWHMFFma
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LostDutchman
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July 10, 2014, 12:50:12 AM |
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Well, that's certainly interesting. Any word on how they are doing with it? Just curious. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Frscott
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July 10, 2014, 06:39:27 AM |
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Nothing in life is for free
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dooglus
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July 10, 2014, 07:14:28 AM |
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I looked at many sites,but dont know wich are scams
I think it's possible to run a Ponzi scheme without it being a scam. If you are honest about it being a Ponzi, then how is it a scam? If everyone knows up front that the last depositors lose out, then it's not a scam, it's more like a game. Exponential growth is baked in to the definition of how Ponzi schemes work: each time anyone deposits, the scheme's assets grow, but their liablilities grow fast, making them less and less solvent with each deposiy. So they can't be stable. In summary: it's possible to find trustworthy Ponzis, but not to find stable ones.
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