Bitcoin Forum

I am thinking of creating a similar website to 24hourponzi and weeklyponzi from last January. I am creating it from scratch and having it tested (and not relying on buggy APIs) to ensure that the site operation goes smoothly.

It would be a site where a user aims to deposit bitcoin at a target time between (for example) 1:00PM and 1:01PM and the first users get their investments back plus some profit, and the users who deposit last lose. Fees would be 2% for my profit and site costs.

I would like to gauge interest before delving into the project; I was tired of those buggy sites from last year (but loved the concept).

I'm going to have to be relatively blunt since you're looking for honesty:

I would not be interested in really anything you have to offer because your name is poziplay and if the domain has the word pozi directly in it you're going to scare a lot of potential clients away directly from the initial impression. That being said your idea also doesn't sound much like a game, it sounds like a way for you to keep a bunch of deposits and having virtually no way of proving the odds are fair.

i would never invest in ponzi so i think that you are just wasting your time doing it.. but as always there will be some people that like to lose and they even might invest :)
regards.
-Katerniko1

I have invested in a couple of ponzi's in the past and it's always an extremely frustrating experience even for the early investors.
The earlier investors normally make their money back and couple of dollars profit if they're lucky, but ultimately it turns out to be a tremendous waste of time, and pisses off a lot of people.

If I could be an early investor with some sort of guarantee that my investment would come back to me, I could potentially get interested.. but all interest is lost knowing that my investment would basically be going towards screwing over other people.

Thanks for the feedback so far.


Do you mean that you are afraid that the owner will run away with the deposits or make his/her deposits the first ones?

I'm saying that, it's a ponzi and the owner will decide when the profit-point is saturated enough for him to just walk-away from the project.
In your first post you say something along the lines of "the first users will make their deposits back and some profit, but the late investors will lose their deposits".
I'm simply saying that the concept of a ponzi is enough to scare everyone away.

Would the 2% fee not be a pretty good incentive for the ponzi operator to keep running the games?

Not when the deposits he can run away with make his incentive to run away 50x stronger.

Is there anything that would convince you that the owner will not run away?

It has to make logical sense that the owner will stay. Ponzis are never created to be long-term, and if the owner has the ability to prove his track-record that he has committed to successful projects prior with valid reasons for discontinuing the project then it would be possible.

The owner could put a hefty amount of BTC in escrow, but only an amount large enough to guarantee that all investors/users will be re-paid.

Have you been smoking drugs?? your point dont make sense at all, for some people is a huge world lost 0.1 btc, and you're claiming some users will lost their investment

Dont think even in try, i not sure if this are your real account anyway if you run a ponzi your trustness will be minus one hundred in a week

We no longer need ponzi, we need a more sustainable website that will last for a lifetime.. not days, weeks, months, or yrs.

This is mostly what people are interested in because bitcoin is flourishing lately. Supporting something like a ponzi is not helpful to the community and it's not worth our time. We are interested in something that's mutually beneficially for all parties involved.

That is very different from the perception in January. There were over 1000 people who played large amounts and small amounts. See https://bitcointalk.org/index.php?topic=918471.0

people don't like losing and besides with alot of ponzi games popping up and getting scammed in few days. People won't be risking their money unless you can find a way to be legit and won't be running away in just days.

Honestly my biggest concern is when you're coming straight out about being a ponzi and leaving the "newer" investors in the dust, is that you could potential mislead us to believe the early investors will make their deposits back just so that you can run away with as much initial investment as possible.

We would definitely need something better.

ponzi sites are a joke and youre a bit late to try to open one. everyone has already screwed the community over too many times. you wont see any interest here

i like taking risks on ponzis (even though my personal message contradicts it :D ) i'll keep an eye on this thread.
good luck to you and also to me..

Yes,a good investment site with sustainable rates is most welcome instead of a just 'hit and run' type ponzi sites.
There have been many such very short lived one.
Most of the people are already fed up with those after losing a lot.

So there will be one winner and everyone else will lose.  Also the block would get solved at the same time for everyone so you would receive all the transactions at the same time ?

No, more than half of the people who enter are winners. In order of time receiving just means that the node puts those received first on the first people to be paid out.

they should close this post. The community doesnt need this.

are you looking for your first bad reputation post? im happy to be the first ::) ::) ::) ::)