What is a Ponzi or HYIP?

in #bitcoin8 years ago

A high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors. Most of these scams work from anonymous offshore bases which make them hard to track down. All Ponzi/Hyips will fail. The later Investors will lose everything when the scheme folds and leaves with the Bitcoin. Most HYIPS and doublers etc, just steal it immediately. You send it and they keep it.

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absolutly right @kennyaliyus but but but every system is bsed on ponzi scheme not only scams stuff , think little bit you will see it so straight, of course they are a lot of scam but who cares really we all avoiding those scams only people greddy and naive as hell go into those scam but i am pretty sure you nknow that already al a lot of scam not come only from offshore , they coming from every where n, people using fake adress , fake every thing , and babsic ponzi scheme , as i said you can foudn every where
work your boss on the top of the pyramide
the banking system
polce
politrics every sytsem based on ponzi just before they not see the patern and ponz made it clear
see you around give us more info maybe what you have to say is nice , becaus ei not really understand what you want to say with this post
bestregard @loooping