Ponzi owners say to users that is "120%" "LEGIT" "STABLE" and other shit. They do not say - you MIGHT lost lost your money.
When you place a bet @casino - you know what you are doing and you know before you place a bet that you can be a looser or a winner
that is main different between Ponzi and other gambling projects.
When you place a bet @casino - you know what you are doing and you know before you place a bet that you can be a looser or a winner
that is main different between Ponzi and other gambling projects.
PonziCoin says "So, I could lose all my investment? -> Yes, that is the gamble you take when playing Ponzi games," and, "you should never deposit more than you can risk losing." Does this make PonziCoin not a ponzi?
If there are many people who like traditional gambling games and not Ponzis, then a category should probably be created, but I'm not sure where the line would be drawn between Ponzis and other games. Maybe traditional games must be based 100% on chance? But that'd eliminate many other games as well.
Are you serious? Casino games can be provably fair. You don't go in expecting to win. It's a chance.
If you're good at poker, you might go into a poker game expecting to win in a high percentage of games. Similarly, people skilled at playing Ponzis might expect to win often enough to get ahead. In both cases, newbies are very likely to lose a lot.
I think that it might actually be possible to make a Ponzi game trustless using advanced Bitcoin features like LockTime.
I think this is the crux of it all. Are these "games" which are labelled as ponzis, actually ponzis? They use the same "business model" as ponzis, however beneath it all true Ponzis are scams; fraudulent and deceptive.
How can something which clearly defines its purpose, be either fraudulent or deceptive?
Bias-ly, I honest believe, certainly what PonziCoin is offering, to be another form of gambling. Perhaps it doesnt belong in the main gambling section, perhaps it's not a "gamble" everyone would like to participate in, but it is by no means a "scam".
Yes of course you're biased since you're a sleazy ponzi operator.