Quote from: koshgel on March 03, 2014, 10:57:56 PM

Quote from: theymos on March 03, 2014, 09:05:07 PM

Quote from: roslinpl on March 03, 2014, 03:06:55 PM

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.

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.

Quote from: Vod on March 03, 2014, 08:35:05 PM

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.

You aren't playing poker against the house. There is no house edge. Only a rake. You can't make the same comparison to traditional casino games.

There is a reason Ponzi are criminal. Why else would Bernie Madoff gone to prison? Is it no longer a game when it involves millions of dollars?

The reality is there are no set odds to the "game" of Ponzi because it is stacked against you from the start to only benefit the operator. If you fail to see this, I really cannot explain it any other way.

At least create a subforum for pyramid schemes.

Definition of 'Ponzi Scheme'

Quote

A fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors. This scam actually yields the promised returns to earlier investors, as long as there are more new investors. These schemes usually collapse on themselves when the new investments stop.

Is a ponzi actually a ponzi when its labelled as a ponzi?

No promises are being made. Players gamble their coins at their own risk. Early players win, later players lose. Genuine operators take their cut, but as do any other business owners.

A line needs drawing between Ponzi operators who are honest - in it to make BTCBTCBTC through charging fees, and those who are in it to lure naive players and running off with all the coins.

People who refute there are honest Ponzi operators out there need to take a long hard look at their selves and put their own opinions of the game to one side.

I will use PonziCoin as an example as that is the only ponzi I can categorically say is "honest" - and that is because I run it! You can see from the site and the sheer fact it is now fully automated, I have put many hours into developing the site - my partner may say too many! I've invested my hours into this to ensure I have a stable system which I dont have to hand hold every day, I dont have players coming to me because their deposit has been missed, or a payout has been missed - it just works. To me, that isnt the sign of someone, or something which is in it to make a "quick buck" and such sites are getting a bad name purely because some people here deem all of these "games" scams (Scam: a dishonest scheme; a fraud.).

I do however 100% agree there needs to be some filtering\restriction of threads being opened in the gambling sections. Too many players appear to have been conned by new Ponzis (and other games) opening up, which is affecting the draw to the entire gambling community.