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RE: Can My Opportunity Still Be A Scam or Ponzi Scheme If There Is A Product and I'm Making Money?

in #bitcoin7 years ago

An opportunity can definitely be a scam or ponzi scheme even if you are making money. It's quite possible that you joined early into the organization. In order to get people to signup or join, they pay people to make it look like a good, legitimate opportunity. After getting enough users/buyers, the organization typically closes up shop since paying out that amount of money to many users is typically unsustainable.

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@rockjon agreed as this is the typical way that a classic ponzi scheme operates.

Yes, that's what I thought. I do think that certain Ponzi scheme that are crypto based might continue for a bit longer compared to a fiat version though especially if they can technically virtually print more coin/tokens out. However, I do think in the end almost all of the Ponzi schemes will end when the most can't flow in fast enough.

@rockjon you said it all. I just wish that more people knew just what you laid as it would make these programs a lot harder to function as most people would avoid them.