Bitcoin Forum

Alternate cryptocurrencies => Service Announcements (Altcoins) => Topic started by: bicoin on October 26, 2016, 06:10:52 AM



Title: Burstcoin sweepstake
Post by: bicoin on October 26, 2016, 06:10:52 AM
http://burstcoin.keep.pl

New burstcoin sweepstake.

Send burstcoin and play sweepstake.




Title: Re: Burstcoin doubler
Post by: bvalis on October 26, 2016, 06:31:14 AM
http://burstcoin.keep.pl

New burstcoin doubler.

Send burstcoin and get 200% fast.




200%? :))) fast?

think you should present more info here :)


Title: Re: Burstcoin doubler
Post by: MartinL on October 26, 2016, 06:44:16 AM
This is a ponzi scheme, a type of scam. It's best to stay away.


Title: Re: Burstcoin doubler
Post by: stiffbud on October 26, 2016, 07:00:28 AM
It is very easy. Try and see for yourself. Nothing to lose. You send burstcoin, another user helps you by sending burstcoin.
There are sweepstakes also where one user wins all.
So it is simple. Where is problem?
5 burstcoin is not much for start. You can get it from faucet if you like. Try, take faucet ,send and wait as soon as there are burstcoins to cover your double you get double. 10 burstcoin. Then try again send 5 and wait. You can even use this 10 burst to tray luck in a sweepstake. It says in a minute so if there are burstcoins you get double in no waiting time. But usualy in 24 hours.
LOL. Who will ever believe that? Even for a small start anyone can loose their money if there is no other user that will send after them. What a pity.


Title: Re: Burstcoin doubler
Post by: MartinL on October 26, 2016, 07:07:54 AM
(…) Where is problem?
5 burstcoin is not much for start. You can get it from faucet if you like. Try, take faucet ,send and wait as soon as there are burstcoins to cover your double you get double. 10 burstcoin. (…)

That is the problem. The only way you can afford to offer a return of 100 % per minute is to use the "investments" of newer victims to cover those of older ones. Initially this might work for a time while many victims are joining.

But eventually the number of new victims joining will either stay constant or go down and the ponzi scheme will be unable to repay "investors". It will disappear, leaving a few individuals richer than before and a large number of victims with nothing.