Quote from: williamj2543 on March 14, 2014, 03:43:17 PM

Quote from: mem on March 11, 2014, 06:24:45 AM

People please avoid ponzi's like the plague.

Here is the very simple description of a ponzi:

a) Idiot hands over money to con artist.
b) con artist pays (for example) 1% interest weekly on your investment.
c) idiot decides he wants to compound his investment so interest is never collected.
d) Ponzi operator runs off with funds when investors ask for withdrawals.

Or the Other Method:

c) not quite an idiot collects 1% interest a week and tells everyone how great it is.
d) The ponzi operator can do 100 weeks of payouts before running into trouble, they usually will stop when they stop getting new investors.

Now I know there are many people that make the following claim: The trick is to get in and out early. and they are one of the 3 types:

1) shills - they never invested anything but claim they did and that the payments WERE FABULOUS.
2) idiots who think they will be the first in and out.
3) idiots who were lucky enough to actually be 1 of the first in and out. Its the same as leaving your wallet/phone/camera with a random stranger on the corner of the street - yes sometimes they are honest but guess what, its terrible advice to give anyone and to claim success at doing so is just encouraging other idiots to invest.

Finally:

Ponzi's and pyramids are not gambling its a way to syphon money from idiots.
These long running pyramids...... you will find out all the success stories are sockpuppets of 1-2 people right at the top.

PS: Friends dont let friends order from BFL.

Erm, the sites are labeled as a ponzi scheme, they aren't lying. All it is is another bitcoin gambling game, just like satoshi dice, you may win, or lose, but the person USUALY does not run away with the money

+1

Mem, you really need to accept these bitcoin ponzis are not a scam (most of them at least)

Everyone knows this is a gambling forum and as with all gambling, returns are not guaranteed.

You seem to have it set in your head everyone running these ponzis is a scammer and everyone is having their btc stolen. The fact is a large amount of people have made money from them, and most of those who lost have no regrets as they knew what they were investing in. We are all adults and don't need people to try hold our hands.

If you are really interested in protecting people from scams, perhaps check your gambling thread, I have made a useful post there.