Quote from: shorena on May 19, 2015, 05:55:30 PM

Quote from: doves on May 19, 2015, 05:50:37 PM

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>The section is not named ponzis go here for a reason.
What's the reason?

They are games based on an "investment", a form of PvP gambling. A ponzi is not openly telling you that it is one, it will try to hide the fact that they do nothing but moving funds around until the very end. A ponzi is by definition a scam, but its based on secrecy. Same with the gift cards, you cant tell in advance which ones are carded and which not.

Quote from: doves on May 19, 2015, 05:50:37 PM

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Quote from: shorena on May 19, 2015, 05:47:43 PM

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How do you know its "BADTHING" and not "FORM OF GAMBLING"?

Have we shifted the topic to discussing whether Ponzis are bad? Up until now I assumed that we're in agreement on that? If you wish, I could explain why ponzis are illegal in most of the civilized world.

No, I agree that a ponzi is bad. I would also not play the games in this section, but I will defend the right to play them for those that want to. If you cant see the difference between the game based on a ponzi principle and a straight ponzi I understand you, because I had problems understanding this concept at first as well.

This is a forum about Bitcoin, the revolutionary currency that's changing the world.
As someone has previously mentioned in this thread, ponzi schemes have been around long before Bitcoin, and Bitcoin has no more to do with them than does fiat.

Which begs the question: How is it that fiat financial forums don't have sections dedicated to gambling and ponzis, but we do? What, exactly, are we suggesting here?

Let me give you an analogy.
Let's say I run an investment firm, and a kid's selling crack to crackwhores on my stoop. When I ask him to move along, you appear & tell me that the kid's running a perfectly legitimate business: crackwhores need crack, and he fills that need. I respond by pointing out that, being an overly concerned with appearances shallow banker type, I feel that rockstahs scoring crack on my stoop may cast a somewhat downmarket tint on my otherwise upscale investment firm, and may play a part in the less-than-stellar coverage given my financial institution by the mainstream press.

I further point out that the kid's free to sell his wares anywhere but on my stoop, because I'm superficial enough to believe that appearances count.

Get it?