We are not supposed to say evil things in threads concerning "Bitcoin Savings and Trust" or their various clones and offspring, thus it gets an extra thread. Actually, it's not just that one that worries me, but it is the most prominent example.
By any indicators I have, this plan is succeeding. GLBSE looks like a sandbox for funny bond papers, as does the securities section of this forum. Touching the subject anywhere only gives erratic responses of either ignorance of the issue, a shrugging "of course it's a ponzi, who cares," or outright ridiculous "explanations" why this looks perfectly fine.
Hello? A HYIP madness is spreading rapidly and people act as if this were normal! What in hell has gotten into everyone? Is this round two of people believing Bitcoin is a path to free money?
Also, does anyone have credible figures about the magnitude of "deposits" in the various nonexistent/vaporous bonds and companies? If this is large enough to cripple Bitcoin's current recovery when it finally shuts down... let's just say I would be disappointed.
I'm looking to pull one bigger than mybitcoin.com. If figure, go big or go back to work. 
By any indicators I have, this plan is succeeding. GLBSE looks like a sandbox for funny bond papers, as does the securities section of this forum. Touching the subject anywhere only gives erratic responses of either ignorance of the issue, a shrugging "of course it's a ponzi, who cares," or outright ridiculous "explanations" why this looks perfectly fine.
Hello? A HYIP madness is spreading rapidly and people act as if this were normal! What in hell has gotten into everyone? Is this round two of people believing Bitcoin is a path to free money?
Also, does anyone have credible figures about the magnitude of "deposits" in the various nonexistent/vaporous bonds and companies? If this is large enough to cripple Bitcoin's current recovery when it finally shuts down... let's just say I would be disappointed.