@ConorMancone makes sense... scammers can even deny they wanted to scam those people in the first place... if caught, they can say "it was just a joke, people sent us money and we don't even know how to send money back because their details make no sense"

there was a "social experiment" named ponzi coin, running on the ethereum platform that was a declared ponzi scheme, and had lots of "investors"

quoting them: "PonziCoin ICO, the world's first transparent, decentralized Ponzi Scheme built on the blockchain."

@MechMK1 I usually let di.fm playing in the background

I usually give it a new browser window, use nuke anything enhanced extension to remove everything but the controls, and let it play all day

@ThoriumBR I don't see any lorem ipsuns on it. Did the site get updated, or do they serve different content based on IP geolocation?

Oh wait, no lorem ipsums on the FAQ page but the front page looks like it was hacked

@nobody What happened to it? It looks normal to me at the minute

On the front page under "Open an Account" i tsays "The chunk standard of Lorem Ipsum used since the 900s is reproduced below"

They also have a little blurb titled "UK Company" that says: "We are a legal company registered in the United Kingdom, providing its services to all members." - the most meaningless sentence ever!

@ConorMancone "Our prices are up to $5 or more"

prices <= $5 <= prices

lol!

"Cooperation between the company and the client is primarily based on honesty, openness and complete safety"

I really should let this one die, but I'm amused

Even their fast stats are terrible

this company that was founded in 2019 says that it's been running for 2119 days!

So now we know their secret: they have such great returns because for every day in the "real" world, their company experiences a whole week of time to invest your money!

They also claim $41 million deposited and $8 million withdrawn, so at best it is a pyramid scheme. They need to flip those numbers! If they have $8 million deposited and then $41 million withdrawn, now we're talking!

Speaking of investment, I read the best headline of all time

/gimme!

White Supremacist Internet Gamers buy Gamestop stocks to purposefully bankrupt Jewish Hedge Fund on International Holocaust Remembrance Day.

No better headline has ever been or will ever be written

"Buying Gamestop stocks is white supremacy"

Or the best take: "Why won't anyone think of the poor hedge fund managers?"

lol, that is a classic!

I saw a headline or two about it but haven't actually read about it

@J.J That's exactly what people said about the housing market in the US in the mid 00's. It's true until it's not.

It's one of the worst reasons ever to invest in anything

@ConorMancone i.stack.imgur.com/BjUZR.png

That doesn't look normal to me

@nobody That was actually around from the beginning. They did a terrible job of creating the website

As @ThoriumBR and I were discussing, this is actually normal (and even helpful) for scams

Because "normal" people see, "Wow, I was dubious about the returns and the website is crap - clearly a scam". More "naturally" gullible people say, "This website seems dubious but this would be great if it was true, so I might as well try!" As a result, people who will waste a lot of (the scammer's) time with questions but will leave before spending money just never reach out, and the scammers only ever deal with the people they will get the most money out of.

@ConorMancone Indeed, it's a filtering

Which is why scams targeting victims of previous scams ("This is INTERPOL contacting you to recover funds lost in a scam") are so good: The best filter is people who already fell for it once

@ConorMancone Yeah, but this particular piece of text appeared to me to be taunting the website for doing a really bad job. I assumed this originally contained actual Lorum Ipsum text (that's the impression I got from from thoriumbr's messages), hence I said it looked like it had been hacked

@J.J it's something called "short squeeze", and it bankrupted A LOT of investors since always. it works like this: someone believes gamestop shares will fall to 0.1, so they sold 10k shares at $20, but they don't have the shares. the operation is open until he buys 10k shares. now the investor have $200k and a deficit of 10k shares.

later down the road, the price crashes to $1, so the investor buys 10k shares for $10k, and profits $190k, easy money. problem arises when shares go up.

so let's say shares went to $30, now he have $200k but his debt is $300k, he either buys the shares at $30 and closes the operation on the red, or puts more money on the account to keep the dealer from liquidating him and losing everything. but guess what happens when a lot of people try to buy something.

on gamestop case, people discovered that the shares were oversold, there were more short sold shares than available shares, so they started to buy all shares they could. price skyrocket because the short sellers need to buy shares to cover their positions, but long buyers aren't selling.

the main problem with short selling is that your profit is limited, but not your loss. because prices can only go down to 0, but up there's no limit

so some people keep looking at companies where lots of people are short selling, and start buying lots of shares. this usually will trigger a short squeeze and catapult the price in the short term

take a look at the shares for AMC, blackberry, and bed bath and beyond... they all exploded this week because of short squeezes

it's a legal thing... nothing stops you from buying stock of a failing companu

@J.J Well, stocks are just pure luck to be honest

Being "bad" at stocks is just as useful as being good

Well, say you were "bad" at stocks

S&P 500 is a good long-term investment

But say you would be bad at stocks, and constantly pick stocks that perform badly

I could simply buy all stocks except those you pick

And would make money

funny thing, a guy here in Brazil did an experiment called MonkeyStocks, where he would invest every month at random, and his stocks are beating all benchmarks

the name came from someone in the 60's IIRC that said that a monkey throwing darts at the newspaper and someone investing on those companies would profit more than following wall street experts

he is running the experiment since 2019, and it's up 90% in 2 years... not bad at all

you can, they will receive a message when they log on any SE forum

I don't think those messages will cause a notification

Unless they've been in the room recently, you'll have to either reply to an old chat message or try to reach them on the main site

Does this make sense to you?