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Re: Why on earth is bitcointalk running adds for a pyramid scheme ?
by
dotcom
on 27/03/2014, 21:39:08 UTC
This forum is running adds for ponzicoin.co

This is an obvious pyramid scheme that will sooner or later collapse for sure and a lot of people will loose their money.

When this happens a lot of people are going to use this as ammunition against bitcoin. Like look bitcoin scam, bitcoin pyramid, bitcoin ponzi etc endorsed by bitcointalk, that what they gonna say.

I think it is a very bad idea for bitcointalk to be running these adds

It's a ponzi scheme which admits it's a ponzi scheme.

You could technically see it as a risky form of gambling I suppose. But the potential payouts vs the risk is far too imbalanced to ever make anything like this worth it IMO.