The ponzi trend is getting worse. Weeklyponzi & Cryptodouble

[WeeklyPonziV3]

I'm not trying to fool anyone. It's 100% transparent, 100% honest in the fact that it's a ponzi scheme, there is a risk of not getting paid out when the week ends. But hey, there's always next week! The users assume the risks by depositing into weeklyponzi. Many users have made a good profit in the last day or so. I don't know what exactly you're trying to prove by creating a thread such as this. There's no mystery surrounding "oh is it a ponzi, idk man - is it?". Yes it's a ponzi. Nothing to debate here.

Are you located in the US? What you are doing is fraud.

No sir. Not everyone on the internet is from the US, are they now? Keep your "legal advice" to yourself. Fraud - wrongful or criminal deception intended to result in financial or personal gain.. Do you see any deception going on here? No sir.

I'm not claiming to be a securities lawyer. But individuals on this board have gone to prison for the same thing

http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370539730583#.VLDcMSvF-0y

By definition ponzi is investment fraud. Doesn't matter how you spin it.

Actually, it's not the same thing. That guy was claiming to invest his users deposits into btc arbs. I don't claim to invest into anything, just a good old fashion, transparent, ponzi.

Read:
The SEC alleges that Shavers promised investors up to 7 percent weekly interest based on BTCST’s Bitcoin market arbitrage activity, which supposedly included selling to individuals who wished to buy Bitcoin “off the radar” in quick fashion or large quantities.  In reality, BTCST was a sham and a Ponzi scheme in which Shavers used Bitcoin from new investors to make purported interest payments and cover investor withdrawals on outstanding BTCST investments.

“Ponzi scheme operators often claim to have a tie to a new and emerging technology as a lure to potential victims,”


ghost isp's find me, please.

[michaeladair]

I'm not trying to fool anyone. It's 100% transparent, 100% honest in the fact that it's a ponzi scheme, there is a risk of not getting paid out when the week ends. But hey, there's always next week! The users assume the risks by depositing into weeklyponzi. Many users have made a good profit in the last day or so. I don't know what exactly you're trying to prove by creating a thread such as this. There's no mystery surrounding "oh is it a ponzi, idk man - is it?". Yes it's a ponzi. Nothing to debate here.

Are you located in the US? What you are doing is fraud.

No sir. Not everyone on the internet is from the US, are they now? Keep your "legal advice" to yourself. Fraud - wrongful or criminal deception intended to result in financial or personal gain.. Do you see any deception going on here? No sir.

I'm not claiming to be a securities lawyer. But individuals on this board have gone to prison for the same thing

http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370539730583#.VLDcMSvF-0y

By definition ponzi is investment fraud. Doesn't matter how you spin it.

Actually, it's not the same thing. That guy was claiming to invest his users deposits into btc arbs. I don't claim to invest into anything, just a good old fashion, transparent, ponzi.

Read:
The SEC alleges that Shavers promised investors up to 7 percent weekly interest based on BTCST’s Bitcoin market arbitrage activity, which supposedly included selling to individuals who wished to buy Bitcoin “off the radar” in quick fashion or large quantities.  In reality, BTCST was a sham and a Ponzi scheme in which Shavers used Bitcoin from new investors to make purported interest payments and cover investor withdrawals on outstanding BTCST investments.

“Ponzi scheme operators often claim to have a tie to a new and emerging technology as a lure to potential victims,”


ghost isp's find me, please.

I enjoy the transparency, it's cute.

-Interrobang‽

[ndnh]

I'm not trying to fool anyone. It's 100% transparent, 100% honest in the fact that it's a ponzi scheme, there is a risk of not getting paid out when the week ends. But hey, there's always next week! The users assume the risks by depositing into weeklyponzi. Many users have made a good profit in the last day or so. I don't know what exactly you're trying to prove by creating a thread such as this. There's no mystery surrounding "oh is it a ponzi, idk man - is it?". Yes it's a ponzi. Nothing to debate here.

Are you located in the US? What you are doing is fraud.

No sir. Not everyone on the internet is from the US, are they now? Keep your "legal advice" to yourself. Fraud - wrongful or criminal deception intended to result in financial or personal gain.. Do you see any deception going on here? No sir.

I'm not claiming to be a securities lawyer. But individuals on this board have gone to prison for the same thing

http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370539730583#.VLDcMSvF-0y

By definition ponzi is investment fraud. Doesn't matter how you spin it.

Actually, it's not the same thing. That guy was claiming to invest his users deposits into btc arbs. I don't claim to invest into anything, just a good old fashion, transparent, ponzi.

Read:
The SEC alleges that Shavers promised investors up to 7 percent weekly interest based on BTCST’s Bitcoin market arbitrage activity, which supposedly included selling to individuals who wished to buy Bitcoin “off the radar” in quick fashion or large quantities.  In reality, BTCST was a sham and a Ponzi scheme in which Shavers used Bitcoin from new investors to make purported interest payments and cover investor withdrawals on outstanding BTCST investments.

“Ponzi scheme operators often claim to have a tie to a new and emerging technology as a lure to potential victims,”


ghost isp's find me, please.

I repeat the question. If a thief tells the victim he is going to steal, and steals the money, he is a honest thief, right? No police, np investigation, no nothing?

[onemorebtc]

I repeat the question. If a thief tells the victim he is going to steal, and steals the money, he is a honest thief, right? No police, np investigation, no nothing?

if the person gives him the money without beeing threated and knowing beforehand that the other gonna "steal" it - no police would be interested in it. its called "donation"

[ndnh]

I repeat the question. If a thief tells the victim he is going to steal, and steals the money, he is a honest thief, right? No police, np investigation, no nothing?

if the person gives him the money without beeing threated and knowing beforehand that the other gonna "steal" it - no police would be interested in it. its called "donation"

There is no greed involved. In this scenario, the opportunity makes greed its weapon. Greed is sometimes more powerful than threat.

This is how it is going to be:
Quotes from cryptodouble, which has reached the limit of growth. It is going down in 2 or 3 days.

My 4 BTC payout is still pending after 2 hours.......

My $1 dollar payout is still pending after about 2 hours too, I'm wondering what the problem is...

My 4 BTC payout is still pending after 2 hours.......

This guys been pending from December, XTvCeygvwmmoXLjm98ypq4yzQz28TyNWb4
I think they get lost and they just don't bother to fix them

It's safe to say that this Ponzi has ended. Please don't invest!

There are still people putting money into this...

[--Encrypted--]

Understand that not even 2 days of the 7 are over.

To all the members who have some sense, please don't get greedy and put your money there. In the end we all lose. This is not good.  

there's 2 kind of sensible person. the one who plays safe and the one who takes risks.

true, the loses in the end of this "round" will be numerous. in 5 days, more people will invest and the queue will get really long.
only 2 days into the week, and the number of unpaid investors already exceed 200. anyone who doesn't understand the impact of this should think twice before they invest.

[onemorebtc]

There are still people putting money into this...

a fool and his money will soon be parted.
i dont think this is good, but its the reality we both live in.

ok another example:

i go to a market and tell all people: anyone can come here and get a ticket. every ticket has a 10% winning chance.

^ its the same. except that with the ponzi model you know that the first ticket always wins and the odds getting more bad over time.

a honest ponzi is really just a game and no theft.

if any lottery or casino does not state the odds and advertises like any ticket wins the police will come to them - as they come to ponzi owers who told their customer that anyone will win.

[ndnh]

Understand that not even 2 days of the 7 are over.

To all the members who have some sense, please don't get greedy and put your money there. In the end we all lose. This is not good.  

there's 2 kind of sensible person. the one who plays safe and the one who takes risks.

true, the loses in the end of this "round" will be numerous. in 5 days, more people will invest and the queue will get really long.
only 2 days into the week, and the number of unpaid investors already exceed 200. anyone who doesn't understand the impact of this should think twice before they invest.

The sensible person is the one who understands that such ponzi schemes is not good for the bitcoin community.
It concentrates money into the hands of a few. Promotes economic divide.

Such a thing is beneficial for no one other than the person who actually makes profit from this, that is the owner of the site.

[ndnh]

There are still people putting money into this...

a fool and his money will soon be parted.
i dont think this is good, but its the reality we both live in.

ok another example:

i go to a market and tell all people: anyone can come here and get a ticket. every ticket has a 10% winning chance.

^ its the same. except that with the ponzi model you know that the first ticket always wins and the odds getting more bad over time.

a honest ponzi is really just a game and no theft.

if any lottery or casino does not state the odds and advertises like any ticket wins the police will come to them - as they come to ponzi owers who told their customer that anyone will win.

I am helpless that you are unable to differentiate between honesty and ethics.

Being honest about something does not make it ethical or legal. (refer the thief question. Think if it was more serious than money. like life.)

[onemorebtc]

I am helpless that you are unable to differentiate between honesty and ethics.

Being honest about something does not make it ethical or legal. (refer the thief question. Think if it was more serious than money. like life.)

if you want to talk about ethics: i think providing gambling (casino dicesite etc) is unethical too (except if playing with friends about little money).

please just tell me what is the difference between an honest and open ponzi and a lottery except that with a ponzi the odds get lower over time and stay constant with a lottery?

both WILL make most persons loose money.

[--Encrypted--]

The sensible person is the one who understands that such ponzi schemes is not good for the bitcoin community.
It concentrates money into the hands of a few. Promotes economic divide.

Such a thing is beneficial for no one other than the person who actually makes profit from this, that is the owner of the site.

I don't think this promotes economic divide in anyway.. at the end of the day, whether the owner stole the money or not, all kinds of people will lose money.

it might be just as beneficial for others too if they takes risk first and plays safe next. re-investing their profit, for example. and not everyone is foolish enough to invest all they have on the last —two or three— days.

[fox19891989]

The admin got around 25BTC+ by taking a mere 5% cut from all deposits in less than 48 hours form the start.

Over 575BTC invested now.

What fees do you, the owner, take?
I take a very modest 5%. DON'T FRET, you still get exactly 130% of your initial deposit on payout!

The trend is not very good. People will be making big losses by the end. The volume is too big making the system completely unstable.

Understand that not even 2 days of the 7 are over.


To all the members who have some sense, please don't get greedy and put your money there. In the end we all lose. This is not good. 

are you sure he didnt "invest" himself just to make it look like it is gonna be a success?
anyhow... that ponzies are just gambling should be known by now by every member here

+1, I guess the site owner "invest" himself a lot, so fake figures fool stupid people to invest/gamble on HYIP sites.

[--Encrypted--]

+1, I guess the site owner "invest" himself a lot, so fake figures fool stupid people to invest/gamble on HYIP sites.

I also believe that, it's a safe and logical guess. but please, don't go calling everyone who invest on HYIP sites "fool stupid people"

also a quote from the weeklyponzi thread

+1 im also wait for my payout and will reinvest all

all think that is a scam...but what is with ltcgear,hashie,pbmining,hashprofit and so on...

[cypher21]

we have another ponzi:

125% instant back  

https://blockchain.info/address/15CFhG9LuqC3FwdvEzFsuNSNgKJN3TC6bP


but i think it works. looks interesting because they are very new.

[melwinder]

Actually, i already invest this site
Because i see i still can get profit if i invest now

I'm not sure if this site owner really honest (maybe he can be honest because he's set 5% fee, it's a huge fee)
But for now, it's still safe to invest

please dont call it investment
you are gambling. which is fine... but it has nothing to do with investing

Different people call it different things to be honest, Depending on who I talk to I switch between "invest" and "gambling" because it's true, it can be both of those (depending on how careful you are being, or careless you are being) lol

[optiman]

If people lose at the end , well tough shit . you knew the rules so dont get greedy..

[yoloer808]

funny how ponzies are still popular (maybe even gaining popularity)

[elephantas1]

funny how ponzies are still popular (maybe even gaining popularity)

people wanted, want and will want to earn easy money. thats the main problem

[marcotheminer]

It is a game, a gambling game. As long as the owner isn't cheating by sending deposits from his own wallets early on and/or won't be running away with deposits, the game is quite decent and should be allowed to run. Of course there will be losers, but the user shouldn't be immediately labelled as a scammer if the gambling game they launch has the word ponzi in it.

[El Emperador]

we have another ponzi:

125% instant back  

https://blockchain.info/address/15CFhG9LuqC3FwdvEzFsuNSNgKJN3TC6bP


but i think it works. looks interesting because they are very new.

Is there a thread on this forum?