Bitcoin Forum

Hi,

I am trying to spread the word about a game and a site I set up. It seems to work fine, if you find any errors or anything let me know. Don't worry you won't be scammed, if anything contact me.

http://bitcoinsilverbar.com

scam? lol.

ponzi scheme?  :D

not a scam, ponzi scheme, maybe, maybe not? As long as someone else outbids you after you make 10% profit on your initial investment. Any thoughts/comments let me know

Similar to the Bitcoin Gold Bar, Bitcoin Gem, etc.

"A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation."

-http://en.wikipedia.org/wiki/Ponzi_scheme (http://en.wikipedia.org/wiki/Ponzi_scheme)

This game of yours is qualified as a Ponzi Scheme.

Congratulations.

yes it is. If anyone wants to partner up or help spread the word let me know.

Do what you will, at least you admit to it :D

I hope this service brings you out from poverty.

sorry I didn't see your post above about all the ponzi scheme trash talk. I said "Yes it is" to it being similar to the games mentioned above by the other person. Call it what you want, its a simple game that is all.

I don't get why there are so many of these.

"...current price is 0.139 bitcoins. After your purchase, the Silver Bars worth will increase by 15%... the next Silver Bar buyer purchases it for 0.16 bitcoins. We then will send 0.153 bitcoins back to you. That means a 10% profit for you."

...and 5% profit for the host.

no silly, lets say the current price to buy the bar is .16. The buyer that paid .16 gets .176 back when someone buys it from him after it. Thats 10% increase.

It's a kind of pyramid scheme. It's not a ponzi scheme because the operator isn't claiming that the investment is earning anything.

As long as the operator pays as promised, it is just another gambling game. Some people will make money, some people will lose money, but you are likely to lose money if you play enough.

Thank you.

It's still silly.

"To be the next owner of the Silver Bar, the current price is 0.139 bitcoins. After your purchase, the Silver Bars worth will increase by 15%."
-http://bitcoinsilverbar.com/ (http://bitcoinsilverbar.com/)

That is a direct claim.

This operator may want to revise their statement then, as even under your own definition it is a type of Ponzi scheme.

It's just a game whoever wants can play, whoever doesn't can choose not to play. Simple. All people received their money back and the cost is still really low.

Would not it be more accurate for this thread to have title "Lose some bitcoins that you have just mined"?

No it wouldn't because if you look at the history on the site, 10 people were successfully paid back + 10% profit on their initial investment. Once again, if you don't like this or have nothing nice to say please keep it to yourself, I'm not forcing anyone to go and play. Whoever wants - can, whoever doesnt-can look away. Thank you.

http://bitdonator.blogspot.com/
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