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Re: Regarding Ponzi Sites -- Requesting some attention (not another section thread)
by
NextPonzi
on 13/01/2015, 11:42:38 UTC
How are you going to separate the SCAMS from the PAYING if you think like this and leave you trust ratings based on this state of mind? You won't. You are causing peoples funds to be robbed just as bad as the scammers who intend on doing so. I highly recommend you rethink that state of mind, or else you are going to cause a lot of people to lose their coins

It doesn't matter whether a ponzi is currently paying out or have already ran away with the money. It's a scam because the goal is to run away with the money.

I label myself as a ponzi, that's how the game works, exactly like a ponzi. I'm not arguing this fact at all.

Then you label yourself a scammer which is fine because that's what you are - a scammer running a ponzi.
You obviously did not read the thread at all, thanks for proving that to everyone.
1. My site makes more from fees than what it possibly can scamming (max in wallet is 1.95BTC at a time)
2. The goal is not to run away with the money. Since the site is instant and there is no incline in our balance at all, it's not a confidence scam or anything like that.

You're wrong, sorry.

I don't care if you are legit, honest, fair, etc. A ponzi is a ponzi and I warn users for that by marking you red. They can always decide, based on posts, if they want to gamble or not. However, I might change the description added to certain Ponzi's.

I am sorry to say that your reasoning is wrong.

Ponzi is a scheme where investors get an illusion from the Ponzi operator that their investments are being used in proper business for their return, whereas in reality they are getting return from new investor's money. Hence this type of investment schemes are destined to fail by defrauding/scamming the investors. For example PBmining.com, Hashie.co, CryptoMine.io etc.

But, when a Ponzi declares itself that it is a Ponzi, then investors are well aware of the fact that the last person investing will not get paid. In this case, every investor knowingly takes the risk of probability that next investor will invest. Hence it gets categorized under gambling. Gambling is a service where people invest their money knowing that most will lose, but some will get high return depending on probabilistic calculation. For example Just-Dice.com, PrimeDice.com, BitDice.me etc.

So, if you believe gambling is scam, then declared ponzis are as well. In that case, you should leave -ve trust on Stunna, Dooglus etc. as well. Otherwise, you should not leave -ve trust on declared ponzis.

Of course, if they are cheating, i.e. not giving the promised return, then it is a different story, e.g. Dicebitco.in, dice.ninja etc.
Exactly right, another point I missed. If you are going to label ponzi's then why haven't you labelled hashie or any current cloud mining scams?