Ponzi schemes aren't OK. They're a form of theft, both immoral and illegal. | Hacker News

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		eschaton on Feb 8, 2014 \| parent \| context \| favorite \| on: Bitcoin Ponzi scheme Ponzi schemes aren't OK. They're a form of theft, both immoral and illegal.

omni on Feb 8, 2014 | [–]

Please justify the usage of the word "theft" to describe this if it is perfectly upfront about what it's doing. Surely you meant to say gambling.

jacob019 on Feb 9, 2014 | [–]

by that logic the loto is immoral theft also, seems more like consenting individuals engaging in gambling.

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