Quote from: rosatambo on May 06, 2014, 04:36:57 PM

Quote from: Moedas :D igitais on May 06, 2014, 02:30:30 PM

Yeah, just like a "real" bank...
They are the biggest legalized HYIPs and PONZI scammers of all. And did I mention legal?
If everyone withdrew their cash from Barclays or BofA... they would be fcuked.
How does a bank work?
Gets your cash, invest in stocks (or lose it), pay you a bit (like a shitty 1%/year) and get more people to their PONZI scheme...
It looks like we live in a PONZI age, banks, central governments... but those, no one says they are scammers...

Well, banks have this little thing called insurance. In the US it's called FDIC, and your account at a bank is insured for up to $250k. Who guarantees the deposits at this ponzi thing? Nobody.

Yes, there is fractional reserve. No, it's not the same as a ponzi.

Quote

A Ponzi scheme is a fraudulent investment method that pays off early investors with deposits from later ones.

Fractional reserve banking is the practice of keeping only a fraction of a bank's demand deposits on reserve, while lending out the rest. The reserve requirement is how central banks limit the amount of money that can float around in commercial banks.

OH how I wish the HYIP/Ponzi crew never heard of Bitcoin.

rosa, its a good thing for the HYIP industry to have bitcoin - gives more options for U.S. players. Just the ones to make their faces known to the bitcoin community hardcore are pulling a fast one. These particular admins are not experienced admins, but want a piece of 100 million a year HYIP industry and a big ol chunk of Bitcoin.