It looks like the HYIP's have a real potential to hurt the acceptance of digital gold currencies. Everytime one of these scams gets busted that uses a dgc it gives the whole industry a black eye.
By the way, is there technical difference between a Ponzi scheme, a pyramid scheme and an HYIP? I understand pyramids to work where, you give me a dollar and I'll help you convince ten people to give you a dollar. The system doesn't implode on itself. A Ponzi scheme is where I promise the initial investors I will double their money in 30 days. I then take the money from new investors to double the money of the first few. The word of mouth causes a lot of new money to pour in, but pretty soon it burns out and the last people in never get their money back. Does the term High Yield Investment Program (HYIP) cover both types of schemes, or just Ponzi's? Ken --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] http://www.e-gold.com/stats.html lets you observe the e-gold system's activity now!
