/biz/ - Business & Finance

A new OHM ponzu launched on Solana 1d ago. Any anons here remember how fun Olympus was?

Yes. Now let’s see anons brand he made

Pic related, there’s just something so based about a conniving rat that fools literally everyone, the rich and powerful included

>>55992678
>/biz/ tell me what kind of scam is this
The classic kind.
https://en.wikipedia.org/wiki/High-yield_investment_program

>>55817255
>But, at the end of the day, the more people who buy in over you once you've bought in, the more one gains
If only there was a name for such a phenomenon.

Quantum Wealth Network

Accelerate With Us

[pissed off ohm dev and his team are building something that will outperform (3,3)]

product going live mid-end of this week

new website in progress as well

glhf

A new ponzi game is launching tomorrow, the exact time comes out a few hours before launch. Discord: 9cxq7pHX Tw:@Ponzu3_eth

In hindsight was he vindicated? Every country on Earth is doing exactly what he did, just on a grander scale.

When exactly did the world's governments collectively decide to turn all of their countries into big Ponzi schemes?

>>53804097
>there is by definition more debt outstanding that currency units in existence

>>52534035
10 charlies please

>token has no purpose or use
>only meant to be "staked" to generate new coins out of thin air
>multi-year lock periods
>heavy marketing
>promise of high returns
>website has a "not a scam" page
>founder owns 90% of tokens
I'd understand if single moms fell for this, not fucking /biz/nessmen.

Hello /biz/, instead of being suicidal and roping myself like a loser I am starting a new Ponzi scheme. This scheme literally started when I made this thread so you are the earliest people that will be bamboozled by me. You can throw your bitcoins away in my Ponzi scheme by sending coins to the following address: bc1q7fmhkcrvvgc63gdtxv2ldwhez04wdh47644l6n
Don't forget to tell other people to send me bitcoins and when I have my own gulfjet I will 0.5x all of your initial investments.

Thnx in advance!

DO NOT SELL
I REPEAT
DO NOT SELL

Redpill me on Ponzi schemes. What’s the harm in paying new investors with money intial investors contribute...?

>>22848623
It's unironically called a Ponzi scheme anon
You promise big returns on investment. But there is no actual investment. The scheme just holds the money (or ETH), never investing it
So with ORB, when early investors (who staked on 9/24) withdraw, they're paid with the ETH staked by everyone who staked after them. Very soon, there is no ETH left. Only the very earliest to withdraw get the big APY. Everyone else (anyone who staked today, for instance) gets nothing, not even their original ETH stake. They lose everything
In a historical irony, even Charles Ponzi wouldn't have tried to pull something like this. Ponzi's firm offered APY of a little over 400%; in crypto his investors wouldn't even be considered degens, kek
>>22848670
why wouldn't they anon?

Is he /ourguy/ ?