SEC-S17W3- "Let's talk about Ponzi scheme"
Have you ever heard about ponzi schemes?
Yes, I have heard of Ponzi schemes before. I understand that these are fraudulent investment schemes that promise high returns with little risk. The way these schemes work relies on using new investors' money to pay for previous investors' returns, rather than actual profits generated from a legitimate business or investment. This method is named after Charles Ponzi, who popularized the scam in the 1920s by promising quick profits on investments in international postal coupons.
I know that the main attraction of these schemes is their promises of quick and high returns, which is generally unachievable under normal investment conditions. I am aware that Ponzi schemes require a constant flow of new funds to maintain the illusion of success, which makes them inherently unstable and destined for collapse once the flow of new investors dries up. From my point of view, they are not only immoral but also illegal, as they end up causing significant losses to the majority of participants, especially those who join the system last.
Have you been offered to invest in any of these schemes?
Personally, I have been asked to invest in such schemes, like the one offered by Qnet. These offers can often seem very attractive at first, promising big returns on your investment in a short time. However, after further analysis and research into the practices of Qnet and other similar programs, it became apparent that these opportunities could be risky and operate similar to a Ponzi scheme, where payments to former members depend on of the financial contribution of new members. This made me very cautious and prompted me to decline these offers to avoid any potential financial risk.
Source
Do you know how to detect Ponzi schemes?
I can detect Ponzi schemes by paying attention to several specific red flags that are often present in these types of scams. First, promises of abnormally high returns with little or no risk are particularly suspect. In a realistic investment environment, higher return is generally associated with higher risk.
Then, an excessively constant return can also be an indicator that the investment is not legitimate. Financial markets are inherently volatile, and investments that produce consistent returns regardless of market fluctuations are unlikely without some form of manipulation or fraud.
Another critical point is the registration of investments. Legitimate investment opportunities are usually registered with financial regulators like the SEC in the United States or the AMF in France. Investments that avoid these registrations can often operate outside official regulations, making it easier for fraudulent practices to take place.
Transparency is also crucial. If investment strategies are described as secretive or too complex to explain, this should prompt caution. A responsible investor must understand what they are investing in and how returns are generated.
Finally, if I am asked to constantly reinvest my winnings to achieve higher profits, or if I have difficulty withdrawing my funds, this may also be indicative of a Ponzi scheme. Ponzi schemes often depend on the ability to attract new investment to continue operating, and they may use tactics like forced reinvestment to keep money in the system as long as possible.
Do you think Steemit is a ponzi scheme?
Regarding Steemit, I don't think it's a Ponzi scheme. Steemit is a blockchain-based blogging and social media platform that allows users to earn cryptocurrency rewards for posting original content and curating quality content, i.e. positively reviewing other content. This reward system is different from a Ponzi scheme because it does not rely on money from new users to pay old ones.
Rewards on Steemit are generated by the blockchain creating new tokens according to a predetermined algorithm that rewards both content creation and curation. This distribution is transparent and based on community engagement and content quality, rather than recruiting new investors.
However, it is essential to understand that, as with any cryptocurrency-based platform, there are associated risks, including the volatility of token values and reliance on the popularity and activity of the platform. Using Steemit wisely involves knowing these risks and understanding how the platform and its token economy work. It is also important to recognize that although Steemit is not a Ponzi scheme, new users should always exercise caution and not view rewards as guaranteed or immediate income.
Thank you very much for reading, it's time to invite my friends @hamzayousafzai, @suboohi, @ngoenyi to participate in this contest.
Best Regards,
@kouba01
Thank you, friend!
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Saludos
Ciertamente los Esquemas Ponzi son bien diseñados y muchas personas caen en ellos por la magnífica mentira que se crea con ellos, por los grandes beneficios que ofrecen en ellos y porque para muchos resulta ser una gran oportunidad de generar ingresos Rápido y sin esfuerzo.
Que bueno que haya tenido el conocimiento y la precaución de nos invertir es estos fraudulentos sistemas, no todos corrimos la misma suerte.
En Steemit las cosas son totalmente diferentes a los esquemas Ponzi, porque en esta plataforma que además está basada en la blockchain cada uno es responsable de sus cuentas, sus recompensas y sus ahorros y no hay Intermediarios ni hay que traer referidos.
Es bueno conocer su opinión al respecto. éxitos.
We support quality posts anywhere and with any tags.
Kouba muy buena entrada, yo también mencioné algunas estafas, me ha encantado como hablaste de Steemit porque complementas mi información, tenía esa duda de como generaba sus ingresos, pero has dado en el clavo con tu información, es por cadena de bloques y definitivamente se va generando a medida que trabajemos en ella, bien explicado, 10/10 para mí hermano, mucho éxito y muchas bendiciones. Nos estamos leyendo.
Ponzi scheme would always promise someone high returns on his or her investment because they know everyone wants to get rewarded with a high return on whatever he or she has invested which is why many people have been scammed.
I was also told about Qnet and was promised a trip abroad by the person who wanted to refer me to the investment. The funny part of it is that the person claims to be earning over $1k monthly which is split into $250 weekly, which at first I got motivated, but by the time I saw how the person used to dress, what he ate, and how he does many things, I then discovered he is not earning up to the account he claimed, which I kept silent make research and discovered that the company will turn someone into a seller. Seeing all these and many others I stopped the person who wanted to introduce me.
You have talked so well about Steem. I wish you success.
This is my first time of hearing this type of Ponzi schemes, went, na waooo this, see they way they keep coming out with new names, thank God you were able to detect them on time.
Omo this their promises can make one fall for them.
Is good we are beginning to detect them so fast and I know they are losing our every day.