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Author Topic: Is announced bitcoin Ponzi/Pyramid Scheme illegal?  (Read 5861 times)
GermanGiant
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February 24, 2015, 06:48:17 PM
 #21

1. Just because someone uses the word "ponzi" in a scheme, doesn't make the scheme a "ponzi" scheme. (Going to a murder mystery party does not make you a murderer.)
2. The classical Ponzi scheme involves "fraud".  That means deception or an intent to trick the investors.
3. If an investment scheme calls itself a "ponzi" but is totally clear and up front about the method or possibility of payment, there is no fraud.
4. Whether a scheme requires USD or BTC or a box of bananas is not relevant in most jurisdictions.  What is relevant is whether the people running the scheme sat out to commit fraud.


I like the way you have put in your logic, but most people here are not going to listen to anything and at the first encounter of the word 'Ponzi', they start screaming PONZI PONZI PONZI !!!
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ajareselde
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February 24, 2015, 11:46:12 PM
 #22

1. Just because someone uses the word "ponzi" in a scheme, doesn't make the scheme a "ponzi" scheme. (Going to a murder mystery party does not make you a murderer.)
2. The classical Ponzi scheme involves "fraud".  That means deception or an intent to trick the investors.
3. If an investment scheme calls itself a "ponzi" but is totally clear and up front about the method or possibility of payment, there is no fraud.
4. Whether a scheme requires USD or BTC or a box of bananas is not relevant in most jurisdictions.  What is relevant is whether the people running the scheme sat out to commit fraud.


I like the way you have put in your logic, but most people here are not going to listen to anything and at the first encounter of the word 'Ponzi', they start screaming PONZI PONZI PONZI !!!

and in 99% cases they would be right to do so, lets face it, one doesnt just add word ponzi to ther name if theyre with legit intentions.
even if i had everyones guarantee not to be scammed, i would never join such case, and let alone invest in it, and if you would do anything but run away from it , i would consider you reckless

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March 08, 2015, 09:40:51 PM
 #23

Id far say BTC is ponzi, scheme The biggest ponzi, scheme is tax on everything across the globe. No one gets to see any real benefits from paying tax. Pay car tax roads meant to be good without pot holes. Pay tax on wages and expect a nice rebate. Under pay your tax their soon on your case to recover it and want it within a heartbeat. Only reason that BTC would get classed being a ponzi is because he or she does not understand enough about it to soon make an assumptive decision that is a scam when in fact it is not. Whe nI first heard of it knowing nothing I shouted scam con all the stuff anyone would do not knowing anything proper about it. After a while I looked into it more and found it to be a lot more than a scam reading more and more into it. Now I use Bitcoin every month or so and soon as it gets to the point of been mainstream I would love to be paid my wages in bitcoin and buy everything with bitcoin and rid fiat currency.

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JaredStein
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March 17, 2015, 05:57:46 PM
 #24

I think that it is illegal but am not sure, I am sure there are some cases already if it is illegal and if it is no, that is a shame.
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March 23, 2015, 04:58:46 PM
 #25

I think that it is illegal but am not sure, I am sure there are some cases already if it is illegal and if it is no, that is a shame.
Why a shame? It is a ponzi. Every ponzi is scam, that is proven well by now.
Call it as you desire, but time did not show good one, ever.



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