Ninjastic
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Board Bitcoin Discussion
Re: An Anatomy of Bitcoin Ponzis
by
RussianRaibow
on 10/05/2015, 00:19:27 UTC
Quote from: pereira4 on May 09, 2015, 11:07:44 PM
Quote from: Stargazer on May 09, 2015, 08:52:15 PM
Quote from: Coinbuddy on May 09, 2015, 04:40:48 PM
It certainly is a tool for immoral people to deprive others of wealth.

And fiat isn't?

A lot of things can deprive you of wealth, for example Chinese knockoffs - if you're dumb enough to buy them you'll end up with a flimsy gadget not worth a dime. Does that mean China should be bombed into oblivion? Cheesy

If there is something that can deprive you from wealth is the fiat scam, now that's a ponzi. With Chinese knockoffs, if you are purposedly buying them, you at least know what you are getting and what you are risking by trying to buy cheap.

That explains transparent Ponzis Wink

I like this part from the article...

Quote
Bitcoin accelerates online businesses, whether they’re good or bad. Certainly Vegas casinos have not yet adopted this new form of gambling or extreme sport known as a Transparent Ponzi, and who knows whether they will.