I guess you can’t defraud investors if you tell them up-front what the scheme is...
So: does saying up front "this is a Ponzi scheme" actually make it legal to run a Ponzi scheme
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It depends whether the intent of the law is to stop people from being deceived or to stop them from being exploited
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I suspect that the creators of PonziCoin (and PonziCoin2 ; I wish I was making this up) are keen to find out.
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In Russia, S.Mavrodi used to restart the same Ponzi scheme year after year with saying that. Don't know if it was legal, but he didn't get arrested again... https://en.wikipedia.org/wiki/Sergei_Mavrodi …
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Like PonziCoin? http://ponzicoin.co/
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@qntm are you looking to make an ICOThanks. Twitter will use this to make your timeline better. UndoUndo
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