Quote from: pilosopotasyo on Today at 04:52:06 AM

Quote from: elspethrooney on November 08, 2020, 01:52:44 PM

I think I do not need to explain what I mean by ponzi crypto scam. Every week I see at least ten new ponzi scheme scams.

They often offer something like 100% interest per 24h (or something similar). They commonly run for quite a few weeks (or months sometimes) before "they go scam" publicly. The obvious idea how to exploit them is to invest something small at the first day, withdraw it as fast as possible and repeat just with the interests from the previous bet (and of course take some money away from every successful round).

Has anyone tried that? Have you been successful? Is this kind of gambling popular/common. Has it name?

The forum is very much successful in exposing these Ponzi Schemes, and anyone posting on this forum, even those that are not in this forum are reported, people should not entertain or even look on this kind of program, if we stop this scheme, many developers will stop creating Ponzi scheme if nobody will entertain these kind of programs.

They are continue doing that because many investors still willing to risk their money even though they know that soon it will run their money .

It's hard to stop that Ponzi scheme if there are people continue supporting it as long as there are investors willing to invest they will always make a new website and collect all investors money. Even how hard we tried to report any websites only investors it self can help them selves to stop it.