Post
Topic
Board Lending
Re: Bitcoin Savings and Trust is probably a Ponzi Scheme: A Petition
by
bitlane
on 04/05/2012, 04:12:19 UTC
I believe, to the best of my knowledge, that given the absence of any public financial disclosure and an extremely high rate of return that the Bitcoin Savings and Trust is a Ponzi scheme.

I'd like to make this a forum-based petition of bitcointalk users who agree with this.  I don't want to do a poll, because I want people to commit their user name to this statement.

I'm interested in seeing how many people agree with me.   I'd prefer to have any debate over this issue in a separate thread.

My theory is that if you want to develop community, then you need to figure out who to trust and what is a scam.  Bitcoin has suffered from too many scams.

So if you agree, reply and say "I agree".

Is this your way of asking for a New Account referral from an existing member ?

You clearly have no concept of the actual scope of his operation, or just how much BTC people currently have invested with him.
People know who he is in real life. Due to the amount(s) in question, defaulting, for him, would essentially mean either 1 of 2 things..... Jail or Murder.
Why would anyone with public ties risk that ?