I believe, to the best of my knowledge, that given the absence of any public financial disclosure and an extremely high rate of return that the Bitcoin Savings and Trust is a Ponzi scheme.
I'd like to make this a forum-based petition of bitcointalk users who agree with this. I don't want to do a poll, because I want people to commit their user name to this statement.
I'm interested in seeing how many people agree with me. I'd prefer to have any debate over this issue in a separate thread.
My theory is that if you want to develop community, then you need to figure out who to trust and what is a scam. Bitcoin has suffered from too many scams.
So if you agree, reply and say "I agree".
I agree / started my own thread pointing them all out
we must at least contain these ponzis outside the marketplace > lending category - it's making BTC look foolish
I wish you didn't start another thread. We have a million of them already. Do you think by starting another thread you did any good.
this thread that I started:
https://bitcointalk.org/index.php?topic=94900.0is for different reasons than this thread:
1) list ALL ponzis & ponzi derivatives
2) list All BTC scams of any sort I find here
3) start petition to get these threads of out the Marketplace > lending category. "speculation" won't do either - these are scams, not risky investments. no possible winning outcome for 90+% of investors.
