Post
Topic
Board Investor-based games
Re: Bitponzi.io - fair ponzi with automated hourly payments, 150% in 150 hours.
by
thExit
on 28/06/2014, 14:55:18 UTC
"Fair Ponzi", this sounds really thrilling. I know cryptocurrencies provide numerous opportunities to businesses, but I would never suspect that they would allow to create a "fair Ponzi scheme". Money coming out of thin air? You are asking for trouble.

50% return (after what? +/- 6 days) sounds even more thrilling than "Fair Ponzi", I can only make a 5-10% a month trading (Forex or altcoins), the difference is that I can REALLY make money, not just juggle sbd's coins. It's taking me weeks and now even months to think how my ability to make those 5% monthly can benefit the cryptocurrency community, how to make it reliable, safe, with use of distributed exchanges, colored coins, smart contracts, protocols such as NXT, MSC, XRP,  and you simply came up with a "Fair Ponzi". Why didn't I think of that? But instead of running a Pozni, I would secretly trade to make money instead of ponziing them. Sorry for the tone, but I can't help myself. Despite this, I wish you all the good luck, there are hordes of people dreaming of running a Ponzi scheme, you actually managed to achieve it.

Please take the following words of advice. Instead of running this Fair Ponzi by yourself, employ the blockchain technology to create a “Provably Fair Ponzi Scheme”, where we can see the balance (you already have this feature implemented;), where payouts are made automatically to all the people that cashed in, where you do not have the ability to run off with the money (in your current Ponzi there is the element of trust, why not eliminate the need for trust?), and where you automatically get the 1% maintenance fee. That would be a “Fair Ponzi”. Go for it.



Here's a quote from a topic taken from the same forum section /Gambling/. I didn't read it, I just liked the title of the thread.

https://bitcointalk.org/index.php?topic=510323.0

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.


The List of Ponzi Operators.
If you take advice from these people your gonna have a bad time mmmkay.

yonce - a HYIP promoter making more than a passing effort in his scam (nice to see a committed con artist).

Min-btc - scammer.

120cycle - scammer.

naRky - scammer

multiponzi - scammer.
bmL - scammer.
btcmania - A very clever and persuasive shill. Defends ponzi's and their operators despite knowing full well that ponzi's operate as a scam.

BitDoubler - scammer.

ponzimatic - scammer.

CoinPayoff - ConPayoff.
Weekly_Ponzi - lol.
jontstaz - ponzi operator
ponjava - ponzi operator
greenservice - piece of shit ponzi operator/ con artist.

apsvinet - Scammer, liar, opponent of free speech, all in all a nasty piece of work.