nice post
thank for sharing

Thanks for the heads up my friend, much appreciated.

![jaredfrombatrayway.jpg](https://steemitimages.com/DQmQ8kbfoLvj1UpRg6xbLyPBkASav8hmVfUQmbVq75tpEPi/jaredfrombatrayway.jpg)
thats why you have to be smart and "catch" some steem ;)

The amount of scams like these is unbelievable... however to the people saying this reduces the reputation of cryptos, I would answer that ponzi schemes existed long before the first cryptocurrencies, and most of ponzi schemes are still fiat-based

I've never heard of these HYIP schemes until now.
Thank you for spreading awareness and I'll be sure to flag them now.
Can't believe some people are willing to scam people.
Thank you @hilarski

Hey Thanks for telling about this scam scam everywhere :(

I haven't fallen for any HYIP scams, but back in 2012 I got scammed by Cryptsy and lost 0.5 BTC. All throughout 2014-15 I was trying to sign in to my account and they kept "resetting" the password on me. There is a pending class action lawsuit that I am a part of, but I won't count on ever receiving any compensation. :(

BitcoinsBrain is a scam as well. It worked for a bit, then on or about June 5th, 2017 it stopped paying. There are dozens of others who have had the same experience with BitcoinsBrain. I lost around $800 USD.

I hate scams that use cryptocurrency to get scammed money, it gives a crypto a bad name and can drive away investors

Yes expose and let them die.

Great work!
Upv and follow You!
Greetings from POland 
Deazydee

Most victims of this scam are very greedy and gullieble individuals,how on earth will they expect such to survive long.Mosly its the early birds that gets the worms

There are a lot of them and some are falling right now as gladiacoin, mecoin,twobitcoin and the list is very very big

Good warning post. It is actually a common knowledge. Many of us fell for this scam sometime ago.

The exit scams on HYIP are going to be brutal for the poorest in the community. I made a mocking post where i asked people to use my referral link so you can get scammed. No one thankfully did. I fell for cloud mining LTC coin when it was a lot less than it is now. Total exit scam.

Hello @hilarski

I'm in agreement here, to the point that I'd like you to throw some of your power around regarding a fraud on Steemit itself.

The @geetinstitute here seems to be marketing itself as a far-too-efficient engine, one that's a very obvious scam.

 @alexbeyman is the sword here, and he's now involved with a flag war against a GEET supporting whale. He wrote an article [here](https://steemit.com/steemit/@alexbeyman/water-is-not-a-fuel-the-geet-engine-scam) on this.

I'd love to see you help him out, and crush a fraud who markets heretical, fraudulent science and technology. To claim that technology works when it does not is heresy. I am the @heretickitten, so I'm most certainly not going to stand for this. 

I offered to utilize the scientific method, to verify if their engine was real, but of course, there is no response. I think it's pretty wrong to collect profit due to false claims that they are unwilling to have tested, so if you wanna throw your weight around, I'd be happy to see you join our little battle.

I was pitched recently about Bitconnect. Everything I researched suggested it was probably what you are describing... no solid names or company for contact info, guaranteed returns specified, and altho no one could prove one way or another that the so-called "software profiting from the volatility of BTC" did or did not exist, most felt they were simply paying older investors with new money. 
I've also seen a couple of Bitconnect articles here that were flagged. so I'm guessing the Steemit community has "ruled" against it? And also asking, is this one that you warn about? I actually haven't replied to the guy that got me looking at it yet, I just don't feel good after doing some cursory research on it.

why steemit dollar is decreasing

Good job, thank you for sharing, and have reminded me, every post you always valuable to me. Success continues for you.

I upvoted this and also resteemed!

Here this meme seems pretty appropriate :)

<center>http://hyip.com/wp-content/uploads/2016/09/i7bxq.jpg</center>
[source](http://hyip.com/wp-content/uploads/2016/09/i7bxq.jpg)

In general to me human psychology seems pretty fascinating: we spend such a significact share of our life working day jobs, and then later some guy we've never seen shows us a graph on the internet and we just hit "transfer"?

And then we all take our iPods out and turn on Kelly Clarkson's "What Doesn't Kill You Makes You Stronger".

Of course stronger, buddy.  Stronger than ever.

"If Something is Too Good to Be True, You Need to Investigate."
**Preach**

Yes, I did it too. Wasted my time and money. Thanks for reminding, I'll sure flag these type of scam post if I find it.

Yep don't follow the HYPE *bad dum tss*

Sadly there are scams in pretty much everything and everywhere these days. This is definitely no different @hilarski.

Thanks for the warning. I will now know=)

There are so many scams on the web that many people fall easily for the reward of getting money quickly. We must be alert and report it

genesis mining isn't a scam ,is it?

That's for the warning, I'm a long time silver stacker and coin collector, just starting to explore the world of cryptos, its great to hear from all the experience here on steemit

There was a cloud mining scam called hashocean. It looked  so promising with high rewards, 3 days  before I invested it went down. That was a close shave as I would have lost  around $400. I wish there could be a way to stop these scams  forever. Thank you for sharing

Another valuable post!
Thanks for all you do for everyone here!
SteemON!