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Thread: $13,000,000,000 ponzi scheme

  1. #1

    $13,000,000,000 ponzi scheme

    the owner of bitconnect.com got arrested in India for $13 billion ponzi scheme using Bitcoins.



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  3. #2
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc
    "You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
    "When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q

    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  4. #3
    Quote Originally Posted by Itsback View Post
    the owner of bitconnect.com got arrested in India for $13 billion ponzi scheme using Bitcoins.
    Pretty sure it was $14.5 million, and it was using their own crypto token not bitcoin.

    Bitconnect was an obvious scam.. Be careful with any investment that promises an extremely high rate of return on their website.
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc
    "You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
    "When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q

    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  5. #4
    What is punishment in India normally for stealing 14 1/2 million in others property ?
    Do something Danke

  6. #5
    Bitcoin goes below $5000

  7. #6
    Quote Originally Posted by Itsback View Post
    Bitcoin goes below $5000
    Prediction?

    Certainly could happen, it is close.
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc
    "You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
    "When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q

    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  8. #7
    Quote Originally Posted by Itsback View Post
    the owner of bitconnect.com got arrested in India for $13 billion ponzi scheme using Bitcoins.
    I think Bitcoin is a Ponzi scheme by definition.

  9. #8
    Quote Originally Posted by Madison320 View Post
    I think Bitcoin is a Ponzi scheme by definition.
    $1 to $6000 in 9 years is Super-HYIP and Bitcoin got $150 billion. Giant ponzis or HYIPs crash after 10 years.


    Quote Originally Posted by dannno View Post
    Prediction? Certainly could happen, it is close.



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