| > That said, I'm not sure it's a ponzi scheme exactly. Red flags: * Incredible, almost unbelievable returns * A referral program to draw in new people * Open-ended IPO, the platform has no limit on investment * Incentives for individuals to invest more (seriously, you get higher returns for investing $10k versus $100, it makes no fucking sense) * People are prevented from withdrawing their funds until
they wait several months. * Operators are anonymous * No proof has been released that they're not a ponzi scheme. Why don't they have audited reserves? We're talking billions here. Every single red flag shows that this platform is designed from the ground up to pay old investors with money from new investors. 1% a day is a completely ludicrous amount of money to make from day trading. It's such a shaky premise. I'm sick and tired of people deflecting for these scumbags. And yes, it's happened before--it was a scam then, and it's a scam now. Here's a very much abridged list of other things that had those red flags: GAWMiners, PBmining, Hashie, Paycoin, Lunaminer, Eobot, Scrypt.cc Feel free to google them and tell me if they're still in business. |
I've been seeing ads for Bitcy.biz lately, too. Take one look at their promises, if you will. They're advertising all over the place now because of their bounty program -- ie. they'll pay between 0.025 and 0.5 BTC for hosting banner ads, making blog and facebook posts, etc, and people are biting.
For example, they have one program where they promise that if you put in a minimum of 0.05BTC for a period of no less than 100 business days, you will returned 7000% of your original investment (including your original investment). At today's prices that would mean for ~$351 USD that you lock in for ~5months, you will be returned $22000.
They're actively trying to scoop up all of the stupid. That or there's some thinly veiled money laundering schemes occurring all over the place now -- which wouldn't surprise me at all.