ICE POSEIDON denies running Ponzi scheme while admitting he's running a Ponzi scheme - Dexerto

ICE POSEIDON denies running Ponzi scheme while admitting he’s running a Ponzi scheme

Published: 27/Feb/2019 11:54 Updated: 27/Feb/2019 12:26

by Calum Patterson


Controversial live streamer Paul ‘ICE POSEIDON‘ Denino has denied running a ‘Ponzi’ scheme, during a clip of him explaining his business model and describing what sounds remarkably like a Ponzi scheme.

ICE POSEIDON shot to popularity as an ‘IRL’ (In Real Life) streamer on both Twitch and YouTube (he moved to YouTube after being banned from Twitch), and now runs the ‘Cx’ streaming network.

His next project is a website called ‘’, which currently simply reads ‘coming soon’ with clips from Denino’s live stream in the background. But, the funding for this website has raised suspicions.

A YouTube video titled “Ice Poseidon Admits to Running A PONZI SCHEME”, has racked up over half a million views in 24 hours, after being shared to popular subreddit r/Videos.

The clip, taken from an ICE POSEIDON broadcast, shows the streamer explaining his plan to raise capital for, and viewers have likened it to the fraudulent investment scheme made famous by Charles Ponzi.

“For the investors to make their money back, we grow the company to a certain point, then we have other investors come in, they invest their money as well. Then when we get more than $2 million invested, the other investors will get their $2 million back.”

Catching himself, POSEIDON states that he explained it badly, and denies that it is a Ponzi scheme, but later restates “they [investors] are paid back by either equity that’s not diluted, or they just get their money back because more investors have invested money.”

Other streamers have commented on what appears to be an admission of a Ponzi scheme, including popular Twitch streamer Steven ‘Destiny‘ Bonell, who said “he’s literally describing a Ponzi scheme”.

The video made it to the very front page of Reddit, and although Denino hasn’t attempted to explain further himself, he shared a video from YouTuber Daniel ‘KEEMSTAR‘ Keem – who says it is not a Ponzi scheme.

However, KEEMSTAR does not address Denino’s specific comments where he explicitly stated that investors would be repaid with money from new investors.

Denino has grown a large loyal following, both personally and with other streamers on the ‘Cx’ network. still appears to be in development and is “coming soon” – provided the investment strategy is not in fact a fraudulent pyramid scheme.

What is a Ponzi scheme?

Also known as a pyramid scheme, a Ponzi scheme is a form of investment fraud, where initial investors are repaid with the money from new investors, while the ‘company’ itself actually makes no money. 

Investors are often promised incredibly high returns in a short period of time, and throughout, the orchestrator of the scheme will siphon off and pocket some of the investment capital.

coinsutraAn explanation of a Ponzi scheme (via

Twitch streamer confronts DoorDash driver after console war trash talk

Published: 24/Nov/2020 19:33 Updated: 24/Nov/2020 19:42

by Michael Gwilliam


Console wars are nothing new to video game enthusiasts. From schoolyard debates to forum threads 500 pages deep, console loyalists have fought tooth and nail since the dawn of time. Now, the battleground has shifted with even DoorDash drivers getting in on the action against customers.

During a Twitch broadcast, streamer Jameskii was playing Minecraft while waiting for DoorDash to deliver his order. Suddenly, he received a text message on his phone.

“Hold on, is my drink here?” he wondered as he grabbed his mobile device. “Oh my God! Oh my God!”

As the streamer stared down at his phone, he could hardly contain his disbelief at the message he received from the driver.

“My food delivery guy just messaged me ‘Xbox is trash as f**k,” he laughed. “I’m not kidding. My f**king DoorDash just messaged me. It says, ‘Hello, DoorDash has arrived with your order’ and the next message is ‘Xbox is trash as f**k.’”

As it turns out, the driver actually tried to call the streamer, but when Jameskii didn’t pick up, he felt the need to trash talk Xbox.

Despite all this confusion and the out of context attack on Microsoft’s console, Jameskii wondered if he should call the driver back.

“Say yeah, PlayStation is better, woo!” his friend suggested as the streamer began to redial the number.

Eventually, someone on the other end picked up. “Alright, what did you say about Xbox?” Jameskii asked point-blank.

After a few moments of silence, the driver doubled down on his earlier comment and shouted, “F**k Xbox!”

The remark had the streamer in stitches and made him burst out laughing at the absurdity of the whole situation.

While console wars have a long history dating beyond even the 90s when Nintendo and Sega duked it out, it’s unlikely that the phenomenon ever reached a point where delivery drivers partake. It just goes to show that we’re living in a strange timeline.