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Re:Texas man charged with running $60M Bitcoin Ponzi scheme by ROFISH on Wednesday July 24, 2013 @03:44AM (#6094951)
Those HYIP forums felt, to me at least, like it was Ponzi meta-investing. Many of the HYIPs paid out for a little while to encourage more 'investments'. So the part of the game was to get into early ones, but then get your money out before it closed.
Re:Texas man charged with running $60M Bitcoin Ponzi scheme by brazzy on Wednesday July 24, 2013 @04:06AM (#6094997)
So there were absolutely no differences to "normal" Ponzi schemes, except the participants went into into fully knowing what it was, but believing they knew how to beat the odds.