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Show HN: Ponzi.es – Startup sticker ponzi scheme

ponzi.es

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Re: Show HN: Ponzi.es – Startup sticker ponzi scheme

#73

Post by fluxsauce »

thrownaway2424 wrote: post #72
fluxsauce wrote: post #71

In case anyone was curious, mailing cash is legal according to this Snopes Article - www.snopes.com/legal/postal/sendcash.asp Can't find a current USPS FAQ, though.

Who would think this was not legal, and why?

Mailing physical cash? Because it's a security concern? (theft)

Re: Show HN: Ponzi.es – Startup sticker ponzi scheme

#74

Post by plesner »

mikeash wrote: post #58
decwakeboarder wrote: post #57

Earlier quoted context omitted.

A ponzi scheme would require a larger upfront sticker investment from new investors with large but unsustainable sticker returns over time. This is just a straight up 'sticker + $.50' for 2 stickers exchange.

I thought that a Ponzi scheme was simply one where returns to existing investors are paid from the capital contributed by new investors.

Wouldn't that be a pyramid scheme?

Re: Show HN: Ponzi.es – Startup sticker ponzi scheme

#75

Post by thrownaway2424 »

fluxsauce wrote: post #73
thrownaway2424 wrote: post #72

Earlier quoted context omitted.

Who would think this was not legal, and why?

Mailing physical cash? Because it's a security concern? (theft)

You never got a birthday card in the mail with a $10 bill inside?

Re: Show HN: Ponzi.es – Startup sticker ponzi scheme

#76

Post by callumlocke »

fluxsauce wrote: post #73
thrownaway2424 wrote: post #72

Earlier quoted context omitted.

Who would think this was not legal, and why?

Mailing physical cash? Because it's a security concern? (theft)

Why would a security concern (which would apply to mailing anything of value, not just cash) imply any legal issue?

Re: Show HN: Ponzi.es – Startup sticker ponzi scheme

#77

Post by pforpineapple »

ohitsdom wrote: post #15

Why not ask for 50 cents or a new stamp in the envelope? Including a stamp is easier in an envelope, and it should make prepping a return envelope simpler. Require "forever" stamps to protect yourself from a postal price hike.

To the top !

Re: Show HN: Ponzi.es – Startup sticker ponzi scheme

#79

Post by fluxsauce »

callumlocke wrote: post #76
fluxsauce wrote: post #73

Earlier quoted context omitted.

Mailing physical cash? Because it's a security concern? (theft)

Why would a security concern (which would apply to mailing anything of value, not just cash) imply any legal issue?

If a particular address was known to consistently receive cash in the mail, wouldn't that make it a target of theft?

As someone who lives in the Bay Area and has seen car windows smashed for the change in the cupholder and a friend's motorcycle knocked over to get the flattened soda can that was being used as a stabilizer, yes, that's a security concern.

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