Re: YOBIT SCAM: x10 Banner Promoters Will Be Tagged For Promoting a Ponzi Scheme
⭐ Merited by JollyGood (1)
^ apparently it is OK to advertise "bitconnect" for people who can be trusted with funds 
So, they sell all their million "numbers" for 50btc, raise each investment by 10% more "numbers" and then let users dump on each others those "numbers" until whole scheme collapse, then they start new scheme with new name. Every scheme they make will collapse:
It is interesting to point that they claim to be cryptocurrency stock exchange:
...while x10 is what exactly?
Except it is fake, we can discuss is it ponzi, pump and dump or whatever it is, but final line is - it is scam.
This is true. And that makes it so much worse: a trusted user promoting a ponzi scam is much more likely to make people spend their money on X10 than a red-trusted user who doesn't have +20 in his profile.
Exactly. Who remembers Arbitao arbitrage scam and someone saying something within lines "yahoo is managing campaign, yahoo is very trusted user therefore Arbitao is not scam"?
Let me make this clear so my words aren't twisted again.
Having ponzis in your signature is bad and shouldn't be done.
But it's still not a crime and worthy of a tag.
Actually, this statement is not correct. Do better research next time.Having ponzis in your signature is bad and shouldn't be done.
But it's still not a crime and worthy of a tag.
is this characterization as a ponzi based on the idea that the promised returns are unrealistic?
In my opinion this is sophisticated scam scheme. Hypothetically, they release 1,000,0000 fake tokens for investment purposes and set price 50 sat each and promise 10% more tokens on investment. As token is fake and it doesn't really have supply (they can "print" as many tokens they want), 10% more fake tokens each day is possible and not so unrealistic in this scenario, they are basically adding more numbers (of course, after some time, that number will certainly become 10xxx)So, they sell all their million "numbers" for 50btc, raise each investment by 10% more "numbers" and then let users dump on each others those "numbers" until whole scheme collapse, then they start new scheme with new name. Every scheme they make will collapse:
It is interesting to point that they claim to be cryptocurrency stock exchange:
...while x10 is what exactly?
Except it is fake, we can discuss is it ponzi, pump and dump or whatever it is, but final line is - it is scam.
Even if I stayed in the campaign I would still be more credible&trustworthy than 99.9% of this forum. Proven.