The Low Down on Ponzi Schemes

[sgk]

[1715031903]

1715031903

[koshgel]

The people defending ponzis will tell you it's a game not a scam because the implied fact you will lose money is part of the gamble.

[sgk]

The people defending ponzis will tell you it's a game not a scam because the implied fact you will lose money is part of the gamble.

Also there WILL be 'investors' who know all these facts and still want to double their holdings overnight, ignoring everything they know.

As I read somewhere on this forum, the world never runs out of fools.

[Morenod]

The people defending ponzis will tell you it's a game not a scam because the implied fact you will lose money is part of the gamble.

Also there WILL be 'investors' who know all these facts and still want to double their holdings overnight, ignoring everything they know.

As I read somewhere on this forum, the world never runs out of fools.

Some gamblers will know the risks of "investing" in these schemes, however most do not. Also the gamblers that do know the risks do not know when exactly when the operators of such schemes will run away with gamblers' money.

At the end of the day these ponzis are only giving bitcoin a bad name and are unfair to players. I think I am going to stick with provably fair sites for now

[kpitti]

Good, I like it. It seems that there is still lot of people who are looking for easy profit. There is not easy profit at all.
It`s not gamble, because game can be closed everytime and then it`s over.

I like more gambling sites where I can see good history and reference from others.

Stay away of ponzi.

[kotwica666]

@sgk

Really good article! Thanks for nice presentation how far can go people stupidity! Because, usually this is starting from small ponzis like on this forum.
Be aware people!

[gkv9]

Wow, $65 Billion... This shows how easy it is to fool anyone and make them believe and take in confidence, saying "I can pay you 50% to 100% in just 3 months..."

Seriously, we need to wake up and should know that it's never too easy to get paid those %s ever from anyone even if they got a magic stick which can convert the money into Gold...

@sgk,
Thanks a lot for posting this, great info... And the graphics are cool...

[sgk]

Wow, $65 Billion... This shows how easy it is to fool anyone [...]

What amazes me is that the biggest scammer of them all was former chairman of NASDAQ and he survived 6 SEC investigations.

[padrino]

Sweet graphic...

In my mind the real trouble are the true scams, like those pictured, CrpyotDouble, etc.. In looking through the threads of the forums the rare site is the scam, most seem to be completely open about what they are, even using Ponzi in their names..

[james.lent]

Sweet graphic...

In my mind the real trouble are the true scams, like those pictured, CrpyotDouble, etc.. In looking through the threads of the forums the rare site is the scam, most seem to be completely open about what they are, even using Ponzi in their names..

you're right. wolves dressed up as sheeps are those cloud mining sites .

[Chillance]

I personally don't have a problem with ponzi schemes as long as they are totally open about it. You know the rules, so if you play, you should know the risks.

[ninjaboon]

Thanks for the infographics, good reminder to all future investors in ponzis.

[elephantas1]

I personally don't have a problem with ponzi schemes as long as they are totally open about it. You know the rules, so if you play, you should know the risks.

therte are no problems with it if they dont overtake the gambling thread what happens now

[michinzx]

great info, maybe thisll help people understand ponzis dont work

[Micon]

THIS IMAGE IN EVERY PONZI THREAD

GO GO GO

[cheekychap]

The people defending ponzis will tell you it's a game not a scam because the implied fact you will lose money is part of the gamble.

Not really the truth that is happening.
Some people create newbie accounts do ponzi and run away mid way if 1 BTC is deposited .Then they are starting again with new accounts.

[Rishblitz]

People are still doing ponzis even after all the pain they have caused?

[finnile]

Wow, $65 Billion... This shows how easy it is to fool anyone and make them believe and take in confidence, saying "I can pay you 50% to 100% in just 3 months..."

Seriously, we need to wake up and should know that it's never too easy to get paid those %s ever from anyone even if they got a magic stick which can convert the money into Gold...

@sgk,
Thanks a lot for posting this, great info... And the graphics are cool...

Well thats not exactly how those real life guys advertise their ponzi schemes. A random guy could come up and say, bank interest rate is 8%, and I am offering you 15. Obviously sounds tempting, if he actually is paying out all customers. And Hard to say if its a ponzi.

[maku]

Wow, $65 Billion... This shows how easy it is to fool anyone [...]

What amazes me is that the biggest scammer of them all was former chairman of NASDAQ and he survived 6 SEC investigations.

It is nothing special. After all it is common knowledge that high&important figures steal the most out of a cake. It is natural and do not amaze me at all. Power corrupt people.

[lamela]

The people defending ponzis will tell you it's a game not a scam because the implied fact you will lose money is part of the gamble.

True on the gamble part.!! n a really sad one.!! the odds of winning is really less.!