Not a public awareness about the ponzis but an awareness about the trusted websites and their own flaws should be given. People tend to try out the things they are forbidden, so a positive approach is better. Also, there are such websites listing scams and few users who keep on updating these lists on scams. However, it depends on the user to be safe. Users must learn about the related terms before jumping into action.

Yes its a good idea of course and if i am correct i have seen few topics around this forum telling the same thing. the problem is newbies don't really care reading a page long post and even after reading after that they tend to invest for their curiosity. There is no way anyone will not invest in ponzies until they have been scammed atleast once.

Most importantly never baited or investing to sites that provide a Bonus for every deposit you make, because the site was certainly using the Ponzi system and never use Cloudmining because 90% of the site cloudmining using the ponzi system. If you want to retain your Bitcoin then investment or play market bitcoin

It's really a very general issue,  not something specific to Bitcoin: Getting people to understand that no one is going to throw money at you for free (or shouldn't, in a fair and sane world), no matter what their advertising promises you. And no, random people on the internet are not seeking to give way secrets to make you rich. If they really had such secrets they'd be using them to make themselves rich.

You can earn money by investing in a new company. That new company takes your money and buys manufacturing equipment or hires a programmer, etc., who creates something of value that can be sold. They earn a profit, and as an investor you share in those profits, hopefully earning  back your original investment and then some.

By contrast a Ponzi typically doesn't even pretend to be creating anything of value. It is just shuffling money around, with greedy people imagining that they will be luckier than others doing the same thing.

If people understood the distinction between these two cases it would save them a lot of grief. Whenever someone promises you a return on some bitcoin "investment" ask yourself: How exactly are they making money with the bitcoin I loan them? If you don't have a very solid answer, walk away.

Maybe a database of possible ponzi sites would be good. Of course beginners will take their lessons in a hard way. But still this awareness approach should help to some newcomers.

Thats the choice of every beginners in bitcoin joining in ponzi scheme to earn fastest and easiest way.
You cannot dictate them just let them what they want to do.. They will only figured it out when they have no more money to invest.

Greed overrides common sense and logic.


There is badbitcoin list but how effective is a single site going to be useful? There should be more community effort.

we always give newbie a warning about scam site and people,scam acusition should most important sction for newbie to know what site and who are scammer on here and outhere. but newbie look like doesn't care about thatw warning.

There are users alerting about ponzi schemes on investors based games subforum, but users don't read the warnings, they only read "double your bitcoins". Others only read about the warnings, when they understand that their bitcoins are lost.