[CIB-173RDABN]

People should read up on PONZI it may spare them losing their money.

[vetvetdoug]

Ponzi learned his skill from two prominent Texans, Kemp and Kell, in Wichita Falls, Texas that were in the oil business. He took what he learned from them and then schemed Easterners with the techniques he had learned.

[grania]

People should read up on PONZI scheme

I tried to understand it, I really did. I can understand almost everything in Math and Economics people present to me; my mind works that way. I kind of get it that a means of bartering and hiding money from our government masters is a desirable goal. I get it that money isn't real anymore except gov can say what is money.

I thought it seemed incredibly naïve that people assumed that the gov wouldn't pull the plug on BitCoin when it was cutting into its control over transactions and not fulfilling gov's clandestine purposes anymore. I'm not sure the idea will ever totally die. A "placeholder" for barter, maybe a private form of money for venues where goods are bought and sold, will become more prevalent.