Niothor now runs a HYIP

[niothor]

Wrong
MINUS investment which is 100% = 290% x 4 = 1160% return after a year
Seriously, get your math straight before posting.

Actually, his math is right.   

Assuming the person who is investing also re-invests the interest he makes...

ALSO including the maximum investment of 5BTC
You can't double, triple, infinite your money. There are equillibreams where the profit becomes harder to make as with any venture.
It's easy to turn 0.001 to .002, a 100% gain
But 100BTC to 200BTC? It's the same gain, but much harder to achieve. This is the flaw in everyones point who says you can do "the same thing over and over again"... Which most fail to see.

I will close the program if I'm required to close it, it's my last resort. Like I said I really do think I have this all mapped out, and I look forward to bringing something unique (and legitimate for a change) to the community. Hopefully you can make an exception vod, if not, I understand.

[tmfp]

I am really confused here, niothor, either you are using depositors' money to make a trading profit and pay divvy with, or you are using it to pay older depositors. If it's the former, fine, good luck. If it's the latter, then you are a ponzi operator and a thief.
You don't sound like a stupid person, you know the difference between the two, which is it?

[niothor]

I am really confused here, niothor, either you are using depositors' money to make a trading profit and pay divvy with, or you are using it to pay older depositors. If it's the former, fine, good luck. If it's the latter, then you are a ponzi operator and a thief.
You don't sound like a stupid person, you know the difference between the two, which is it?

I've explained multiple times how the site works on the site, on the thread etc...but I'll explain again.
Investors money are placed STRAIGHT into revenue sources. My main source of revenue is mining altcoins, and trading them out for bitcoins. Preferrably, new or promising altcoins. That's basically a brief explanation, obviously not the full rundown, but it answers your question.

[redsn0w]

I am really confused here, niothor, either you are using depositors' money to make a trading profit and pay divvy with, or you are using it to pay older depositors. If it's the former, fine, good luck. If it's the latter, then you are a ponzi operator and a thief.
You don't sound like a stupid person, you know the difference between the two, which is it?

I've explained multiple times how the site works on the site, on the thread etc...but I'll explain again.
Investors money are placed STRAIGHT into revenue sources. My main source of revenue is mining altcoins, and trading them out for bitcoins. Preferrably, new or promising altcoins. That's basically a brief explanation, obviously not the full rundown, but it answers your question.

so  your site is not a ponzi scheme .. is this your affermation ?

[nutildah]

I don't see anything wrong with opening an honest investment venture where you try to raise capital.

Its just mathematically impossible to sustain consistently high returns on investment for any considerable period of time, for any considerable amount of money. I know fixed returns is the selling point but if you could really generate income this quickly, you wouldn't need to make such big promises and could probably still be quite successful with fewer capital funds.

Some information about what our program offers:
- A variety of 9 plans:
103% Plan - 48 Hours Duration (Meant for testing)
112% Plan - 7 Day Duration, 16% Daily Repayments
116% Plan - 7 Day Duration, Whole repayment at the end of the period
126% Plan - 14 Day Duration, 9% Daily Repayments
135% Plan - 14 Day Duration, Whole repayment at the end of the period
165% Plan - 30 Day Duration, 5.5% Daily Repayments
175% Plan - 30 Day Duration, Whole repayment at the end of the period
360% Plan - 90 Day Duration, 4% Daily Repayments
390% Plan - 90 Day Duration, Whole repayment at the end of the period

The most famous person who offered returns this steady and delivered (only a mild 12% per annum compared to your astounding... what percentage is it when a $100 investment turns into $23,134 in 1 year?) was Bernie Madoff. They caught him because his numbers were so on-the-dot every month / year that the chances of them being genuine were astronomically remote.

The "investor" darksun22 appears to be an account bought by Niothor or his partner on around September 5th, for the purposes of trying to run scams. The accounts previous owner sold his Warcraft account through this forum so its likely he also sold this one. This is exactly why account selling should be banned from the forum.

Then there's this gem:

To be fair, this was announced as a HYIP, so everyone knows it's a ponzi. The gamble is to be one of the few (if any) accounts that get their money returned.

Yeah, I don't think everyone knows this.

Niothor, you're not being upfront about your intentions at all, now are you?

I'm sure you are trying to expedite the growth of your plans - we all have plans - but you're you're just trying to reel in suckers and noobs through false advertisement, which would be a crime if this were real-world money (it actually is a crime, its just not as easy to enforce).

I don't think there's anything left to be said, other than yes, you should obviously take down your thread.

[NLNico]

He also deleted the first thread [old] (because of my reply), just to make a moderated topic after that, Classic scammer. I replied there also, but he keeps deleting my post. So hereby, my original but obviously deleted post:

To NLNico I am giving you this answer.

We have plan maximums for a reason, because at a certain equilibrium we CANNOT produce those returns. The maximum investment in our site is the 390% plan for 90 days which is 5BTC maximum, this will never change and no one will be able to invest more than this.

As for your template dilemma, my designer did not inform me he customized an already existing template, but from what I can see he has developed it from what it originally was and no leaked copies are available on the web, so he has bought the license legally.

Sure. I will just also leave my explanation here so people can decide it for themselves. Since you promised me to not delete if it's not in big red letters, ill put it in normal text.

To reply to your explanation:
1) You are not limiting the amount, you are just limiting the amount per deposit. I could easily make multiple 5 btc deposits.
2) STILL if you can make THAT much money, you wouldn't seek for investments on a bitcoin forum. If I could make $462,688 from a $2,000 investment I could have huge investments myself.
3) If you want to limit the amount anyway, why the hell do you need investments?
4) etc. etc. you just don't make sense. Hope people are not stupid enough to fall for it.




OBVIOUS PONZI IS OBVIOUS - DO NOT LOSE MONEY IN AN IDIOTIC SCAM LIKE THIS. TY

Let's calculate:

390% Plan - 90 Day Duration

So let's invest $2000 for a year:

2000*3.90 = 7800 after 90 days
7800*3.90 = 30420 after 180 days
30420*3.90 = 118638 after 270 days
118638*3.90 = 462688 after 360 days

Half a million dollar (well $462,688) after 1 year with a $2,000 investment? LOL!

If they had a magic formula to make THAT much money, they wouldn't sell it to you!


Site looks good? Just a $16 template - http://themeforest.net/item/gaea-responsive-environmental-html5-template/8490746 (preview) - I could make this in 1 hour (!)

Hero Member? Probably a sold account.

[niothor]

I am really confused here, niothor, either you are using depositors' money to make a trading profit and pay divvy with, or you are using it to pay older depositors. If it's the former, fine, good luck. If it's the latter, then you are a ponzi operator and a thief.
You don't sound like a stupid person, you know the difference between the two, which is it?

I've explained multiple times how the site works on the site, on the thread etc...but I'll explain again.
Investors money are placed STRAIGHT into revenue sources. My main source of revenue is mining altcoins, and trading them out for bitcoins. Preferrably, new or promising altcoins. That's basically a brief explanation, obviously not the full rundown, but it answers your question.

so  your site is not a ponzi scheme .. is this your affermation ?

Yes this is my affermation.

NLNico and nutildah JUST did not read my post about the MAX INVESTMENTS and the initial investments...
Especially NLNico you just showed your blatant stupidity by posting what you just posted. Seriously, you can't read?

As for darksun22, I did a bank transfer exchange with him and asked if he'll test the site out, after previous successful trades he said yes. How is that an indication of scam?

[Vod]

I will close the program if I'm required to close it, it's my last resort. Like I said I really do think I have this all mapped out, and I look forward to bringing something unique (and legitimate for a change) to the community. Hopefully you can make an exception vod, if not, I understand.

I do appreciate you closing the program niothor, and I'm sure the other active people on this thread will appreciate it too.

I can't make an exception, because I don't know why you don't use your own money to make the profits, and why you are paying out ridiculous sums you don't need to.   

Thank you for understanding.

[NLNico]

It is not about the max investment.

It's about the incredible/unsustainable high return that you claim to be able to make. With a return that high, you could easily make your own money into very high amounts. No reason at all to get any investments. That is what I am showing you with basic maths. It's not about max investments.

[niothor]

I will close the program if I'm required to close it, it's my last resort. Like I said I really do think I have this all mapped out, and I look forward to bringing something unique (and legitimate for a change) to the community. Hopefully you can make an exception vod, if not, I understand.

I do appreciate you closing the program niothor, and I'm sure the other active people on this thread will appreciate it too.

I can't make an exception, because I don't know why you don't use your own money to make the profits, and why you are paying out ridiculous sums you don't need to.   

Thank you for understanding.

No problem
https://bitcointalk.org/index.php?topic=824055.0

I'm closing the site, and for the next 5 days i'll be working out a fair repayment plan for those who invested. This way everyone will receive fair amounts of interest and also their full investment back. I'll also throw in some bonuses for the hold.

That'll be my final comment (unless I am urgently pulled to reply again).

I'll have to go and update the site now.

[NLNico]

"That is actually good news." Hope you can put your own money into one of these 390% plans and you will be still rich in no time.

[niothor]

"That is actually good news." Hope you can put your own money into one of these 390% plans and you will be still rich in no time.

You still don't understand, do you?

[CoinCidental]

He sent me a PM, but I'm not going to reply, as I'd prefer all communication be public. I have pointed him to this thread.

From what I saw you didn't respond with the thread link. Your reference led to my thread link for BTCBackers.
If I closed the site, I would have to wait until all revenue is generated (because how would I be able to cover the larger 360% BEFORE the 90 days are up?)

It really is Vods call, I personally think I have this all mapped out, I really hoped for success for the site...but if not, I'll be happy to close up the thread and disable everything on the site and pay out everything once they become due to be paid.

Sorry if I have caused any distruption in the community, I genuinly thought it was a good idea to open a HYIP to help expedite the growth of my plans.

What do you guys suggest instead of a HYIP? Looks like a securities thread or a long term loan is the only option, but without collateral, obviously not possible.

390% return after 90days  is1560% yearly  return  lol

I hoped the btc community  aren't stupid/greedy enough to send any coins but history has shown that they are so they deserve to get some lessons in economics imo
1560% a year is unsustainable, anyone who says different is lying

If anyone had a way to make such returns they would use their own capital and get exponentially rich in a short time without borrowing anything from anyone......

Wrong
MINUS investment which is 100% = 290% x 4 = 1160% return after a year
Seriously, get your math straight before posting.

My calculated returns are what you are advertising, don't blame me for being unable to back up your own bullshit

Your making so much money daily  that you could pay it to yourself every morning and reinvest it every night and loans would not be necessary

Why not post up the total deposits you have taken to date and your name and address if you are not running a scam.....

Mining worthless alt Coins to trade for valuable btc  "amongst other things"  lol

Is that the best you could come   up with?? You really are a rocket scientist

[nutildah]

"That is actually good news." Hope you can put your own money into one of these 390% plans and you will be still rich in no time.

You still don't understand, do you?

I thought you made your last post already.

The fact is this: deposit limits are meaningless because you could just split up a large deposit into a bunch of smaller ones and send them from different addresses.

[NLNico]

"That is actually good news." Hope you can put your own money into one of these 390% plans and you will be still rich in no time.

You still don't understand, do you?

You claim to easily make 5 bitcoins into 19.5 bitcoins (+ site profits!) in only 90 days. So if you put your own money into that, you will earn very nicely and get rich soon?

Sure you cannot make 500 into 2k coins etc because of that annoying maximum limit. But still I think you will be a very rich man with your magic formula.

[awesome31312]

Guys, the whole "If Niothor can promise such a high return rate, why doesn't he put in his own money for such returns?" has been around long and is used in cases of legitimate banking, for example: "If banks can yield such a generous profit, why don't they just use their own money to get rich?". It just projects a misunderstanding of how investment schemes work. You need to look at it this way, if you can buy something for a low price, say, a PSP battery, and a Pandora's battery sells for more than the original PSP battery, you could buy about a hundred PSP batteries and turn them all into Pandoras. However, there will be a limit to how many you can buy, and the market will adjust accordingly. So I can take a loan that will give me enough to buy a thousand batteries. I know it's a poor analogy, but it's the only one that came to my mind because I had a PSP when I was twelve.

[nutildah]

Guys, the whole "If Niothor can promise such a high return rate, why doesn't he put in his own money for such returns?" has been around long and is used in cases of legitimate banking

Niothor already said he's running a HYIP. A HYIP is by definition a Ponzi. A Ponzi is by definition a scam. There's nothing more to know, except why are you so intent on defending him?

[awesome31312]

Guys, the whole "If Niothor can promise such a high return rate, why doesn't he put in his own money for such returns?" has been around long and is used in cases of legitimate banking

Niothor already said he's running a HYIP. A HYIP is by definition a Ponzi. A Ponzi is by definition a scam. There's nothing more to know, except why are you so intent on defending him?

I'm not defending him, In fact, I'm not taking any sides at all.

[CoinCidental]

Legitimate banking pays back a few cents  on the dollar yearly

A ponzi offering hundreds or even thousands of % a year cannot be  compared to legitimate banking

I hope  you are just trolling and you don't believe there's a  legitimate way to make profits  in those ranges

[nutildah]

I'm not defending him, In fact, I'm not taking any sides at all.

Too late.