|
galdur
|
 |
February 23, 2015, 12:40:42 PM |
|
Maybe bitcoin itself is one big ponzi. Slow to start then big bubble as money rushes in, constantly tanking since. And you got to notice how those who were early in are always urging you to buy because it´s going to be worth a million bucks or something one day. And of course this is why people waste their time scraping up fractions of one cent US in the faucets.
Not all ponzis have to collapse early. In fact many have dragged on for surprisingly long periods. Just check the history of ponzi schemes. They have existed for centuries. It´s all up to the perpetrator. And in bitcoin, it being decentralized with no one really in control, it could go on for practically forever. But of course the constantly tanking price, anemic volume and zero buying interest will get people wondering as time goes by.
|
|
|
|
Luisb01
Newbie
 Offline
Activity: 1
Merit: 0
|
|
February 23, 2015, 12:51:25 PM |
|
Ponzi?
page me from error  |
|
|
|
|
|
electronicfactura
|
|
February 23, 2015, 01:07:11 PM |
|
Many many people will remain without money once the owner achieved his targeted money and ran away.
|
|
|
|
|
Feldgangende
Newbie
Offline
Activity: 17
Merit: 0
|
|
February 23, 2015, 02:03:17 PM |
|
In the interest of keeping this going till the 5k mark..
Look, money=scam. 95% of all money in the world right now is digital debt, backed by government bonds, held up by... kiss and promise? The Greek crisis is the prime example, the vast majority of the money in that debacle has nothing to do with Greece itself but with the currency exchange leveraging in Europe.
|
|
|
|
|
hopenotlate
Legendary
Offline
Activity: 3346
Merit: 1225
Top Crypto Casino
|
|
February 23, 2015, 02:08:44 PM |
|
Many many people will remain without money once the owner achieved his targeted money and ran away.
As simple as that. |
|
|
|
howtogetfreebitcoins
Newbie
Offline
Activity: 12
Merit: 0
|
|
February 23, 2015, 02:10:52 PM |
|
What a bummer I did not catch the title and upgraded to the rental car level .25 hope it is just a tech issue and the site comes back alive.
|
|
|
|
|
|
galdur
|
|
February 23, 2015, 02:21:27 PM |
|
In the interest of keeping this going till the 5k mark..
Look, money=scam. 95% of all money in the world right now is digital debt, backed by government bonds, held up by... kiss and promise? The Greek crisis is the prime example, the vast majority of the money in that debacle has nothing to do with Greece itself but with the currency exchange leveraging in Europe.
Yeah, total world debt amounts to about 200 trillion dollars which equals about three times the annual turnover of the planet. And this bankrupt system "insures" itself with derivatives and swaps (basically insurance contracts) amounting to many times that debt. Some say it´s 700 trillion, others 1.5 Quadrillion, nobody seems to know for sure. It sure looks like a ponzi and one that has been going for quite a while. I guess it´ll collapse when enough number of people lose confidence in it. A quick overview of numbers 1,000,000 a million 1,000,000,000 a billion (US) 1,000,000,000,000 a trillion 1,000,000,000,000,000 a quadrillion |
|
|
|
|
dr1980m
|
|
February 23, 2015, 02:54:40 PM |
|
if you are level 1 member this is not ponzi
you don't pay anything, so this only a faucet for you
|
|
|
|
|
Slark
Legendary
Offline
Activity: 1862
Merit: 1004
|
|
February 23, 2015, 03:00:40 PM |
|
if u read topic title, it say PONZI , if u didnt know, PONZI means SCAM ... so u sent money to a thief from the start, he even said he will steal, its in the damn title ! LOL
agreed with you btc-flow is ponzi scam, not a original backed business, when you gamble you are under risk of lost of money as btc-flow did. this is not gamble ... gamble are casinos ... this is SCAM No my friend. Scam is only when you are being deceived by someone. If you do not know that your are being used. With BTC-FLow site it is clearly that you are joining a Ponzi. You knew all along how this work. You do not have the right to complain about scams. |
|
|
|
|
fonix232
Newbie
Offline
Activity: 8
Merit: 0
|
|
February 23, 2015, 03:13:56 PM |
|
if u read topic title, it say PONZI , if u didnt know, PONZI means SCAM ... so u sent money to a thief from the start, he even said he will steal, its in the damn title ! LOL
agreed with you btc-flow is ponzi scam, not a original backed business, when you gamble you are under risk of lost of money as btc-flow did. this is not gamble ... gamble are casinos ... this is SCAM No my friend. Scam is only when you are being deceived by someone. If you do not know that your are being used. With BTC-FLow site it is clearly that you are joining a Ponzi. You knew all along how this work. You do not have the right to complain about scams. This. People, learn for once that not ALL Ponzi or Ponzi-like "schemes" are fraud (yes, fraud, not scam). Yes, originally it was invented for fraud. Yes, a good 99% uses it for fraud. But there are well-working non-fraud Ponzi/Pyramid based companies operating (a great example would be Avon, Oriflame, Tupperware, and other MLM companies). This one was obviously one of the 99%. Get over it. |
|
|
|
|
Feldgangende
Newbie
Offline
Activity: 17
Merit: 0
|
|
February 23, 2015, 03:37:19 PM |
|
mm. If I remember correctly, MLM's are against the law, which is why so many companies push the whole "independent salesrep/affiliate" thing.
|
|
|
|
|
fonix232
Newbie
Offline
Activity: 8
Merit: 0
|
|
February 23, 2015, 03:45:45 PM |
|
mm. If I remember correctly, MLM's are against the law, which is why so many companies push the whole "independent salesrep/affiliate" thing.
You remember incorrectly. MLMs are NOT illegal (at least not in all countries - all EU countries AFAIK allow MLMs as long as they are not built on the sole purpose of inviting people for their entry fee commission. A great example is, again, AVON - all the sales rep are commissioned after their sales, not the entry fee. Or FLP - same MLM base, but better commission rates, AFTER sales. The key difference is that AVON reps are over-worked (at least here in Hungary), have to achieve a set monthly amount otherwise can say bye. It is still not a Ponzi/pyramid scheme though, not entirely. Those are usually built on paying the commissions after the new members' entry fees, while MLM is pretty much paid after the product. |
|
|
|
|
|
bitstealth
|
|
February 23, 2015, 04:26:20 PM |
|
much frustrated people here and dreaming to come back of admin,
in every ponzi once admin ran away with money never come back to pay again.
|
|
|
|
|
Veran
Member
Offline
Activity: 92
Merit: 10
|
|
February 23, 2015, 04:39:59 PM |
|
much frustrated people here and dreaming to come back of admin,
in every ponzi once admin ran away with money never come back to pay again.
wow is this new sherlock? |
|
|
|
|
|
galdur
|
|
February 23, 2015, 04:42:17 PM |
|
A ponzi offering a realistic but still attractive yield of say 1%/day could run for quite a while. You´d need a hefty bankroll to begin with and of course incentives for investors to re-invest. Once it had run for say 2-3 months word of mouth and good record of payouts should ensure a steady flow of new investors. Heck, it could run for years  |
|
|
|
|
galdur
|
|
February 23, 2015, 04:45:44 PM |
|
Who knows, maybe I´ll start such a long running ponzi. Of course I´d call it something else. And i´d be in no special hurry to abscond with the funds.
|
|
|
|
|
MEPHuk
|
|
February 23, 2015, 04:56:12 PM |
|
Who knows, maybe I´ll start such a long running ponzi. Of course I´d call it something else. And i´d be in no special hurry to abscond with the funds.
Thats what i dont understand, why end it so soon ? Hell, i actually see a possibility of something like this (legit version) working, as long as the owner had advertising.. adverts every 8 mins, would help bring in income to the site. |
|
|
|
Demodulator
Newbie
Offline
Activity: 19
Merit: 0
|
|
February 23, 2015, 05:02:14 PM |
|
Who knows, maybe I´ll start such a long running ponzi. Of course I´d call it something else. And i´d be in no special hurry to abscond with the funds.
Thats what i dont understand, why end it so soon ? Hell, i actually see a possibility of something like this (legit version) working, as long as the owner had advertising.. adverts every 8 mins, would help bring in income to the site. And it wasn't suspicious at all that btc-flow had no ads at all xD |
|
|
|
|
|
Pony789
|
|
February 23, 2015, 05:09:52 PM |
|
Who knows, maybe I´ll start such a long running ponzi. Of course I´d call it something else. And i´d be in no special hurry to abscond with the funds.
Thats what i dont understand, why end it so soon ? Hell, i actually see a possibility of something like this (legit version) working, as long as the owner had advertising.. adverts every 8 mins, would help bring in income to the site. Ads won't bring enough money to make the ponzi sustainable. Even with the popularity moonbitcoin has, it only gets about 1 btc a day from the ad banners. And for those less popular sites, it is good if they can get 1 btc a week. http://adbit.co/?a=Advertise |
|
|
|
|
Inotanewbie
|
|
February 23, 2015, 05:12:48 PM |
|
Who knows, maybe I´ll start such a long running ponzi. Of course I´d call it something else. And i´d be in no special hurry to abscond with the funds.
This is close to what they all say as soon as they see the dollars though or should i say BTCs then they soon change from long term to short term Still am annoyed with myself falling for this just hours before he runs lol |
|
|
|
|
