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Board Service Announcements
Re: [ANN] Whirlwind.money | ⚡No Fee⚡ | Ultimate Privacy | Anonymity Mining 12% APR
by
BenCodie
on 24/08/2023, 08:36:38 UTC
You have a signature advertising a mixer that uses exchanges to "clean" coins...which is even more centralized than a protocol-based mixer.
If we stop advertising products that might turn out to be scams in the future, then there is nothing left to advertise. Everything is potentially a scam. Plus, someone might prefer the comfort and pricing of a mixer over decentralized solutions.

That's a bit extreme. More like you'd just get paid less to advertise more legitimate campaigns.

Economics say to me that the rate would reduce, advertising would be more affordable, thus more legitimate businesses would opt to advertise here instead of scams and exploitative/basically-scam casinos like current.

I mean, by your logic, nobody could have predicted Bitconnect to be a scam?
An obvious ponzi vs. a mixer offering reward for boosting liquidity, which generates returns from its business, is not the same at all.
At a certain yield, such services are simply not sustainable without being a ponzi, i.e. paying existing customers from new customers' deposits.
All the crypto ponzis so far had some kind of 'excuse' for how they were able to give insanely high returns without risk and without being ponzi schemes. 'Reward for boosting liquidity, which generates returns from its business' sounds to me like it fits right in with those previous 'services'.

If the business generated more than 12% in earnings per year, then it's not a ponzi. The difference between an obvious ponzi and whirlwind is that the mixer was clearly working, the unknown wasn't if the business was real but rather that no one could known whether or not it was turning a profit after advertising expenses. That's why I didn't speak up when I saw it. I'm sure others didn't speak up also for this reason.

Though the anonymity mining should have been whirlwinds first red flag and I am very surprised they got away with that, without a question.
If you read back, you'll see there were questions. There were some answers, and it sounded plausible so they got (at least) the benefit of the doubt.

Quote
Just based on these posts and all the other garbage I'm reading, I'm starting to think there is something bigger and more shocking at play here.
Do tell Smiley

There's nothing to tell...and definitely no evidence to tie with the nothing that is to be told. Very much not interested in giving my idea of what's reading between the lines, only to be bashed and for the problem to remain unchanged.