This is too subjective. Some would say that even BS&T has revealed its business model sufficiently.

I have been considering a HYIP subforum under Gambling based on interest rate. I haven't decided yet whether this would be fair, consistent, and helpful.

I like this Idea as well, Think the securities and lending forum need to be tightened up. The whole pirate thing is choice of investor, if you feel good handing someone money over the internet to go do what they want with, that's your choice. Me I like to see what exactly there doing with it, for all we know it could be funding al-Qaeda lol.

They're identical

The "productive economy" - hmmm, that's an interesting statement.

For the majority of 2012 I had 1000 coins invested in a venture paying 3%/week.  I knew what the business model was, who was doing it and that it wasn't a fraud.  The income allowed me to further the bitcoin economy. 

I would happily point out that lending rates were (and sometimes still are) 15% per month and my default rate is 2.5%/week with weekly payments.  On the metrics discussed here and elsewhere, this would be labelled a scam and illegal and I would be subject of personal abuse and slander.  When are the "holier than thou" people going to grow up and realise this happens to be the market that bitcoin actually encourages (on a risk adjusted basis).  Over time the economy will mature and that is why the deposit rates are declining (and lending rates too). 

I find it annoying as someone doing a large volume of business that this forum is divided along the lines of nay-sayers and a growing group of customers that appreciate what I and other people do ( my customer list is around 200 individuals not counting the people that simply seek advice).

(yes, a grumpy Starfish)

I support OP's proposition and suggest the limit should be 50% APR (around .78%week). Lower than that can still be scam (and 50% APR most likely is, if business model is not disclosed and there's no upper limit for "deposits"), but there can be legitimate reasons to pay that much.

Sorry, but most mining farms' profits, if they're actually sharing most of the profits with the people invested, are >1% a week and would classify as HYIP under your definition.  I think you need to stop relating USD rates to bitcoin rates.  Clearly there are gains to be made in bitcoin that are much harder to replicate in USD.  


In summary: Traditionally, HYIP are edge cases. If many businesses are getting 1%, then 1% isn't edge case and therefore, not HYIP.

Thread Translation: Bitcoin needs a credit rating agency. Maybe even an SEC or a FinCEN of its own.

How about any investment scheme that doesn't provide a detailed breakdown (not just vauge hints) as to what it is doing, levels of deposits, investments etc (and most of the good ones already do this - the mining companies certainly do and most of the big lenders do) gets put in an "unverified" or "HYIP" subforum?

For anyone running a legit operation it should be no trouble to provide said info. Should help to filter out the safe operations...

1)  No man of science would say that

2)  HYIP is fine, or how about "1000%+ APY investments"