Quote from: Nikolai on January 13, 2015, 01:06:35 PM

@OP You are only half right. You are trying to argue that a ponzi can be legitimate. A ponzi, by definition, cannot be legitimate.

Quote

A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors to create the false appearance that investors are profiting from a legitimate business.

Problem is, you are calling yourself a ponzi when you aren't.

SEC isn't likely to be so enlightened though, so don't be surprised when they bust down your door.

I would like to know, what would we should call our program?
I doubt the SEC will confront us as we clearly state people can lose their money therefor this isn't a scam nor is it fraud.

Quote from: Mabsark on January 13, 2015, 11:58:37 AM

Quote from: NextPonzi on January 13, 2015, 11:42:38 AM

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've no idea what type of service you run and you provided no information about it in this thread. If you're not running a ponzi, then don't call yourself a ponzi and people might not call you a scammer. Not exactly rocket science is it?

No, you're not understanding what we do.
We run a ponzi GAME. We clearly state it is a gamble and take a 4% fee for the game (just like a house edge).
What happens is people deposit their BTC and the first person who invested gets paid the second persons funds ect. We offer 130% (1.3x your deposit) per "bet"
Example:
Person A sends .1BTC
Person B sends .2BTC
Person A gets paid .13BTC as promised instantly, most scams make you wait
Wallet is now at .07BTC
Person B will get paid when more deposits make the wallet reach .26BTC

This cycle continues until the round ends. Rounds are set at specific end times.
Those who remain unpaid at the end of the round lose.

It's a gamble just like any other site.

A Ponzi scheme would do this but not have a set end date and would wait until they collect a large amount of funds and run off. It is not possible for us to do this as the site is 100% automatic, so it isn't possible for us to do if.