Bitcoin Forum

Well.. this one is at least unique.  It's pretty early so I've jumped in... hoping not to end up on the bad end of the pyramid so it would probably be good if everyone signed up  ::)

MakeBTC.org

I think it's a scam, not a pyramid. I appear to have withdrawn some bitcoin's but I didn't receive anything...

Did you receive your bitcoins?

well, it finally arrived...

Calculator works fine?  ???

LOL: We inform you that the MakeBTC system could not be maintained forever. It means that no one can promise you that you'll get the profit from your investments. Do not deposit bitcoins that you're not ready to loose.

At least it's written. :D

lol

this is a scam it says i have recieved payout but i have not :(

That's my first message to the forum, and it can be a quite insecure information for many people. But I would like to share the information I recently obtain about MakeBTC.org

About a week ago I registered to this site, with a very low confidence. So that I just load 0.05 BTC to the system. 2-3 days ago I add 0.053 BTC again since I saw people started to withrewing money, and logs are open to public. And today i made a withdrew, to try if it's work or not. And few minutes ago, I confirm that I take 0.032 BTC payment from the site to the Blockchain.

You can check the payment from this transaction. 1NNNAdh5fR86x21t9Wui8Q8mBWeScpoFEE

According to my observation system will expand, cos at first days people were putting around 0.01-0.2 BTC range. But since 2-3 days I've seen a few people even put more than 1BTC even reaching 2 BTC.

I hope investors of the system increases day by day :)

ok i take it back it has arrived in my wallet :) :) :) :) :) :)

The withdraw function seems to be working fine.  I didn't get in the system early (joined on the 17th), but I've already gotten back .32BTC and raised my level a bit.  It's not the flashiest thing in the world, but it's fun to keep up with it.

Definitely :)

Actually I saw it at first day, but I registered on 14th. And now I can only look to nice profits of  the people enroll at first day :)

So you've put in 0.103BTC and gotten out 0.032BTC?


Most of these pyramid schemes are outright scams. They sucker in greedy fools stupid enough to send them money.


How much did you put in?

Yes up to now, I've put 0.103 BTC and take back 0.032 BTC. But that withdraw was just testing for the system for me. Cos I think it's not the best idea to pull money back for now, while it's growing. If I want to take money again, tonight, with the next level up, I could take 0.041 BTC again. But I'll keep them to raise my level.

So you can withdraw at any time or do they choose or have scheduled payouts?

There is something named bank levels. Before each bank level complete, you decide how much you'll spare to raise your level or to withdraw to your wallet. For example at current bank level (12th), I'll have 0.041 BTC income. If I say, I'll withdraw 0.025, remaining part directly goes to level up. I have to write that amount before bank level occurs. Otherwise all amount will be use for raising level.

I put in a total of 1.5 BTC and have withdrawn 0.52 BTC so far (3 days).  This is a pure pyramid scheme, but it advertises it self as that.  You choose a percentage of your "award" for each level to withdraw and the rest is reinvested to raise your level of investment.  It's up 13 levels so far, if it goes up another 4 levels I'll be "even" and everything from that point on is profit.  The only real question is how long the site owner will keep everything running.  It's only been open ~ 3 weeks, so if it stays up for 6 months it will generate a lot of profit for a lot of people.  Of course some people will get screwed... but that's why this is posted in the gambling forum!

What if it's impossible to get to the top or the next 4 levels and you just keep getting fed along and never recoup your money? Usually these aren’t actually schemes to make money but scams to lose it. Pretty much everybody loses out except the creator.

I don't think you understand how this kind of system works, it's always possible to increase levels as long as people are still joining the program.  It's the same with any pyramid system.  The people at the bottom will always make the most money (depending on new investment amounts), but you have a chance to make plenty of money as long as additional people join after you.

You wont make anything if additional people don't join. Do the payments come directly from the operator or the users?

ok i just received another payment :)

Of course... that's the entire idea of a pyramid system; it's only successful as long as new people join and invest.  The idea of the pyramid is to join and then get people you know to join; they get people they know and so on and so on, you make income based on downstream investments.  This one is more unique because you make money off of anyone investing, not just your downstream affiliates.    The payments come whenever a "level" is reached, which is a specific amount of BTC invested.  Pyramids are risky and you shouldn't invest if you don't have money to lose, but the people who do invest in the early stages often end up making substantial profits.  The key is when the "early stages" end, it's all based on how long the system survives.  

If it were to stop getting new people today I would be down ~1BTC, that's a risk I'm willing to take.  If the system goes up 20 more levels (it made 12 levels in 3 weeks) then I will be up ~2.75BTC at a minimum on top of what I've already withdrawn.

So do the payments come directly from the site operator or the other users, because as with these schemes they just tend to be scams and as soon as the operator has enough money he just leaves you guys hanging with nothing.

The payments come from the operator, and yes, there is certainly a chance that he can just pack up the site and hold onto the wallet for himself.  But, if he's getting steady new users there's no benefit to doing so.  His greed fuels the profit of others.

How do you know that you will definitely get paid out if you reach that level 4 and the money just wont stop there? As long as there's suckers that keep paying in it doesn't really matter and he doesn't even need to disappear. Wouldn't it be a better gamble just gambling with your money other ways? The vast majority of the times these are just straight-up scams and everybody loses out except the operator.

How do you know an Exchange (Cryptsy, BTC-E, Coinex) won't just shut its doors and take all of the money... you don't.  I've been on the site for 3 days and have been paid every day, that's a better track record than most of the similar operations out there right now.  They also have completely transparent logging so you can see every registration, deposit, and payout.

Reputable exchanges are a little bit different from a pyramid scheme/scam. And a good scam will rope you along offering payouts at less than what you've put in until they get the big money.

Have you actually been the site?  You're saying a lot of things I don't think you would say if you did any quick research.  There's nothing sneaky about it, there's even a calculator that shows you exactly how much you'll make for each level.  The payouts are exactly as advertised, and if you visit the site, you can look at the live logs and see who's made money so far and who is reinvesting.  I don't think it's as much of a conspiracy as you think; the operator has been honest with the users and is making a good bit of profit just by running the site (maintenance fee at every level reached).

The best scams will always appear or try to appear legitimate or transparent. Maybe it's not a scam, but most pyramids are and I'd be willing to bet there will be a lot of people who end up losing out at some point. And I'm not sceptical that he's making a good bit of profit.

Ok, i'm in with small dep! Let's try! :)

Good luck "Allow"; hoping it hits level 30 in the coming months

I think it's possible to reach level 30+. Also if chinese bitcoin holders discover the site, even further levels we can see in a few months.

site is down now :(
EDIT: its back I see

How many banks do you think it will get to in the end? 30 seems alittle short...

seems working now..

maybe a maintenance?  ::)

Depending on the future chinese interest on the site. My end of year guess is lvl 75 - 90  :)

Why would the Chinese be interested in pyramid schemes? They tend to invest their money wisely.

Why? Cos it's kinda easy and predictable way to spend your money, compared to other gambling styles such as dice rolls, or casinos. I don't think that the people spend their whole investments on this kind of sites. People trying with a little money, waiting a bit and see what happens.. If many people can spend their money on rolling sites, they can put their money on MakeBTC too :)

to get to 30 banks would be done in a little under a month at the rate it is currently banking.

Interesting thing happened earlier today - the site crashed, I think I saw why. A new user, I think named roeder, joined and then wierd things happened. He deposited 3+ BTC and reached the next bank, it paid out. Then he deposited -5 BTC (yes, I know, impossible), then 6 BTC, then 1 BTC, then -2 BTC or something. I managed to look at his profile, it said his level was -1 BTC. Of course, all of that is impossible. But he did trigger the bank. Then the site went down.

My guess is that they checked the bank manually and realised something was wrong. For him to enter those numbers, my guess is he managed to hack the site somehow. It was very very wierd to see that happen. I thought, how could that bank happen so quickly? And I looked just before the bank, it said that roeder deposited 3.25 BTC or something. No user deposits such an amount!

Anyway, they must have reversed the bank and kicked him out, everything seems back to normal now, if a bit slow. I wonder if they will tell everyone what happened.

I like the site, anyway. Yes, it is a pyramid scheme, but bear in mind that after each bank most of the "new" investors are actually the old investors who are reinvesting their income - like me, probably because they want to maintain their level and future income in comparison with the other investors.

So it seems to work pretty well. I admit to being somewhat jealous of the first user Ki$$ who invested 0.3 BTC on day one, reinvested every time, and now is earning over 1 BTC for EACH bank! Wow.

Also, opsnokatt, you have a lot of courage to invest 1.5 BTC, but it looks like it is paying off for you. I salute you.

My friend, you are clearly not that familiar with China... just look at the amount of fraudulent schemes they fell for, for example to get a green card for the US - google China EB-5 visa fraud...

People of any nationality fall for scams, but the Chinese generally tend to be pretty smart-witted with their investments and building businesses etc.

Scam!!!, this kind of scheme always make late comer lose out....

It's not a scam! At the very least its a scheme for the top tiers to earn from the lower ones, but it's not a scam!

Well, you just explained a pyramid scheme exactly.  So it depends if you call a pyramid scheme a scam.  In other words, there is no way to make money unless more people join.  If it is paying out, then I wouldn't call it a scam (but I would call it a stupid use of money).

I think that's the key, I wouldn't consider this a scam since it's advertising as exactly what it is.

Only lawmakers and leftists would consider a pyramid scheme a scam, a pyramid scheme is an archetype for any economy without central regulation. Which is exactly what Bitcoin pertains to achieve!

I think any sane or rational person would see this for exactly what it is - a pyramid scam. It's like calling Russian Roulette a Scheme or a scam. Sure, you might get out alive but someone's gonna get fucked during the game so it's a scam.

I think the point is we don't know where we are of the pyramid at a time. For example it's currently at 14th bank level. If the attraction of the people stops at 30th level, a person invests 1 BTC to the system 'today' can earn 1.5 BTC when we reach to 30. But if we're on the top of pyramid yet, and lets say we'll reach lvl 90 till people get bored from the system, same person can earn 4.96 BTC from the system.

I was thinking that it was so late to enter to the system, when I made a tiny investment. Today I calculated the amount of BTC at the system when I entered. And it was 4.26 BTC. After 6 days, amount raised to 26.93 BTC. That's a quite fast expansion giving me the idea of still we're at somewhere close to top of pyramid..

That doesn't seem too wise to deposit money on this website because it will end up badly but it should be extremely fun in the meantime so I deposited 0.1, let's play

You will get 0.0132 BTC from next bank.
You withdraw 0  BTC.
You spend 0.0132 BTC on level up.

They don't allow me to withdraw the money I will win next bank, is it normal?

You should be able to put a value (lower than .0132 obviously) in the withdraw box and then click OK.  That should set you up for the next round.

I thought I could withdraw 0.0132 but it has to be strictly lower than 0.0132

I cannot have my 0.1 back, it is lost, I just have the winnings to withdraw now, I didn't get that before sending the money

I believe you can input all your deposit and current bank earnings to withdraw when the level changes.

Also, even if one coultn't withdraw, we're entering this system very early, by watching the logs one can see that it takes about 2 days for the level to turn, which means that as the site gains popularity it will reach higher levels much faster.

If we deposit 1 BTC today (and we never withdraw) at level 300 we will have over 390 BTC!!

Yes, let me say this again, if we enter today with 1 BTC and we hold all withdraws until it reaches level 300 (which should take about a year), we will have 390 f*cking BTCs in a year!

And considering that within a year, the value of BTC may be anything between $1000 and $5000, we will all be millionaires.

I seriously believe that if this site is legit, it is one of the best investnment opportunities for those who lost the earlier days of bitcoin.

The potential benefits outweigh the risks by a longshot!

13.99 to 14 to pass the next level

It stands to reason that within 1-2 weeks will reach level 30! :D

You're correct, you can't withdraw your deposits, that money goes directly into the current level and serves to place you on the ladder based on your "level".  With a little patience and a few level gains you'll get your deposit back plus more depending on how many levels are achieved.  I came in ~level 9 and will start pulling all profit after 2 more levels.

ok its banked - hopefully the payment will come soon :)

Half the level reachs immediatly seems pretty good, 7 out of 15BTC, how much was it on level 14&13?

We need a few early players to deposit and a few big players that deposit 1 + BTC, I don't recommend depositing to anyone even if I need people to deposit if I want to get some profits.

This is definitely fun, for now. Don't deposit money you are not willing to lose guys

Has anyone made a profit or broke even yet? If not, when will you?

I deposited 1.5BTC, just over 1BTC withdrawn so far.  2 more levels and I'll be all profit, not bad for one week.

How do you get to the next two levels?

The pace of registrations&deposits is solid so we should pass to the next bank this week end, we can even hope that the registrations&deposits pace will increase during the week end because people have more free time.
Last saturday, 7th 8th and 9th banks were passed, a post on Reddit was posted the same day and got some attention so it may be related. We may be still very early in the scheme!

(don't invest what you can't lose, this is gambling)

@guybrushthreepwood : you get to the next level when enough money has been "invested" to the present level. We are at level 15 so 15BTC has to be invested to pass to level 16, 8 have been invested so far. When we pass at a new level, every player get some profits

What happens if nobody invests the 15BTC?

We would wait until we reach 15BTC I guess. We are at 8 out of 15 and a lot of people are registering and depositing so we will most definitely reach 15 and probably a few other levels but it is very hard to predict when it will stop; some think 25th, some 30th; it could go higher if the website get properly advertised and become popular in China

It is certain that a lot of people will loose their bets when it ends so be careful but there is nothing wrong with gambling what you are ready to loose in case you are unlucky

It only ends if the site closes or the owner runs with the money, if it remains online and in operation, the site will only gradually grow, for anyone to make a considerable profit, one only has to endure through some 10 levels, regardless of the time of entering, granted that for early investors, such as anyone who has already deposited, we will only see our banks grow exponetially as times go by, if we can hold to it for an entire year (approximately 300 levels), we will see that even the minumum deposit of 0.01 BTC would become a net profit of over 12 BTC!

Ki$$, who was the first investor, put in 0.3BTC. He is now taking out 1BTC on each bank, has done for a while now, so he is well into profit.

Our local hero, opnoskatt, did very well by putting in a large amount (over 1 BTC), although later on. He should be profitable soon.

Basically, the earlier you invest, and roll over, the more profit you will get. If you invest later, you will not get any profit, or will have to wait a long time.

On the market generally, it is taking a while to get to the 15BTC bank, but still make progress.

I think now is too late to invest or you have to go big like 3-5Btc to make profit . I found this page on first day they started but haven't invested because I was affraid this is a scam  >:(. Now is really hard to look   :o on profits made by first days depositors even the smallest one.  :'(    

So why would more people invest now then when there's not much chance of them returning profit?

How do you know Ki$$ isn't a sockpuppet account of the operator? This is how they usually work.


You're wise to stay away from all pyramids really.

To be fair, everyone on the first level should have equal standing when it comes to future profits.

Isn't it the case?? All players from first level receive the same profits in proportion to what they bet

Progress has slowed down a lot over the past few days. Average 0.5 to 1 BTC per day, mostly small deposits. At this rate, it will take about 2 weeks per bank. Still, that is OK, the total bank is only 15 BTC so we are not talking huge input requirements.

Previous comments were correct, the first investors are the big winners. Still, the site is very transparent with logs for all activities, so you can see what is going on and evalulate your option fairly easily.

Still early days it seems on http://bitvestor.us/?ref=yOVN2Np0n2bMyaI .. deposited 0.03 for the hell of it. Wouldn't be surprised if Poof!!! it's gone in a few days .. but this is nothing but gambling.

So sign up and use the referral link above ;) ((((((((((((((om))))))))))))))))) ((((((((((((((((((((bit coin))))))))))))))))))))

It's a 100% clone-site (including text and faqs), in my opinion is more dangerous. :)

The site is down

And probably taken everybodies money  ;D.

Site is up and working fine, closing in on the next level too.  Added bonus, looks like they are still actively developing the site, so I don't see it going away anytime soon.  They introduced a "selling" feature sometime early this morning.  You can now sell back your level at 50%; the other 50% gets paid as a bonus to the next depositors (deposit .5, get .25 free).  I sold off a small portion of my level to test and it worked perfectly; I'm now above even and making profit off each level.  Good luck to everyone else who joined early, should be a good couple of days.

[/quote]

Site is up and working fine, closing in on the next level too.  Added bonus, looks like they are still actively developing the site, so I don't see it going away anytime soon.  They introduced a "selling" feature sometime early this morning.  You can now sell back your level at 50%; the other 50% gets paid as a bonus to the next depositors (deposit .5, get .25 free).  I sold off a small portion of my level to test and it worked perfectly; I'm now above even and making profit off each level.  Good luck to everyone else who joined early, should be a good couple of days.
[/quote]

The selling feature is very interesting and should lead to an acceleration in investment. Presumably there is a queue of people to sell, and when you deposit you won't know if you are going to get a bonus or not.

The clone site is interesting, I would guess it is the same people or they have some major copyright issues (does that even apply with BitCoin?). Either way, hopefully they will introduc the selling feature as well.

Opnoskatt, once ahead you are ahead of the rest of us - I am behind you on the clone site, getting in at level 6, let's hope it's good for another 10 levels at least...

Site is up and working fine, closing in on the next level too.  Added bonus, looks like they are still actively developing the site, so I don't see it going away anytime soon.  They introduced a "selling" feature sometime early this morning.  You can now sell back your level at 50%; the other 50% gets paid as a bonus to the next depositors (deposit .5, get .25 free).  I sold off a small portion of my level to test and it worked perfectly; I'm now above even and making profit off each level.  Good luck to everyone else who joined early, should be a good couple of days.
[/quote]

The selling feature is very interesting and should lead to an acceleration in investment. Presumably there is a queue of people to sell, and when you deposit you won't know if you are going to get a bonus or not.

The clone site is interesting, I would guess it is the same people or they have some major copyright issues (does that even apply with BitCoin?). Either way, hopefully they will introduc the selling feature as well.

Opnoskatt, once ahead you are ahead of the rest of us - I am behind you on the clone site, getting in at level 6, let's hope it's good for another 10 levels at least...
[/quote]

I hope so as well, although I'm not sure they have all of the backend systems running correctly.  I reached out to the operator yesterday, it looks like the level rollover might not have been counted correctly on 4/5, but I can't be sure.  They are checking into it now.  I am impressed with makebtc though, it's rare to see additional development after the launch of a site like this.

Yes, all is well in the land of pyramids http://bitvestor.us/?ref=yOVN2Np0n2bMyaI . Was a pleasant surprise to receive some BTC today, however, my tinfoil hat is firmly in place … denial ain't no river in Egypt. Good luck fellow punters.  ;)

We don't recommend you to register and deposit in bitvesor because of we had found it's creators and had filed a lawsuit on them. So this site will be closed soon.

Lol, are pyramid schemes even legal?

 MakeBTC.org is legal. We have our own copyright. Bitvestor had stolen our trademarks. They will be punished for this.

They have not even changed the text. lol

And they failed to copy things such as profit calculator. Here we need brains =)

 I'm pumping my account to buy advertising here =) Our banners will be here soon.

You might own the site and code, but I'm not sure what you're doing is legal. Maybe it is in some places and not others I don't know.

 It's legal until i close the site. And if i will do it i will have a lot of problems, and i will loose my BTC income. So i won't do it.

I thought exactly that : if the creator of makebtc is smart he thought about a new feature to implement when the deposits will slow down : beeing able to sell your level & advertise will certainly bring deposits

We have no visibility of what you do with the money from selling the levels : is it entirely used to give bonuses to new depositors?

I am surprised fox9999 hasn't deposited again

Do you know if they use 100% of the selling revenu to give bonuses to new depositors?
You know how much you sold and you can see how much was use to give bonuses on the log page, I guess it is 100%

They will be able to give 100% bonuses or even 200% when the deposits slow down again which would most certainly increase the deposits; and so on : 500% 1000% bonus if needed to keep it going, there are 3 old players, including one who deposited January 6 (bank1!) that deposited again today
If you deposit now and get through 2banks you can sell at 50% and roughly break-even, I think I talked myself into depositing more, let's play!

I think it would be better for the new depositor to know that he will get a 50% bonus instead of beeing kept in the dark of wether there is still bonus money to be distributed

Didn't you loose the bidding war for bid #109 and theymos said again that you were too new for #110?

"
Quote from: MakeBTC on January 26, 2014, 04:27:37 PM
1 @ 1.1
Your account is too new. I can't accept this bid.

Quote from: MakeBTC on January 27, 2014, 07:17:58 PM
2 @ .5
You are too new.

"

Maybe you can use escrow or send him money in advance

Will they even allow advertising from pyramid schemes?

Why is this thread in gambling?
The members need to gamble when the site will be gone?

lol.  ;D

If it's not gambling then what is it? It's the very definition of a gamble.

The difference between a gamble and an investnment is exactly that, the gamble is established by the element of random chance, an investnment is a controlled risk where the investor is aware of in which conditions does he lose or win.

Also, we need to remember that no pyramid scheme is ever a gamble, as in principle all you do is to purchase a hierarchic position on the pyramid and attempt to endorse it by gathering lower participators, in principle all pyramids work to infinity!

This website has to be seen as a gambling game, a fun one, there is some strategy&calculations involved but also a lot of luck involved;

13.9 out of 15 on the present bank means we will soon pass next bank, 50% bonus, an owner that will change the rules to keep the game going if it slows down and maybe some advertising soon : it seems like an excellent time to enter the pyramid (this is not an advice, barely an opinion)

If someone deposit 1BTC today : (approximatively)

you will get right away 1.5BTC with the bonus
0.2BTC of income next bank
0.1BTC bonus on the income so 1.8 after one bank
0.24BTC next bank
0.12BTC bonus on the 2nd income

=>2.16BTC after two banks!! That seems pretty good

Of course it's a gamble. It's not a guaranteed money-maker.

"Yes your honor I'd like to file a claim against bitvestor for infringement on our propriety concept known as a 'Ponzi-scheme"
*handcuff clicking noise*

That's like calling the cops because somebody stole your bag of crack.

I'm sure some people will make profits with this but it's only a matter of time until this turns all bitbond-y and the SEC is taking action. I haven't done a whois on the domain but if either site has any connection to the actual owners of the funds then i'd start sweating if I were the owners. Just because you put up a risk of loss disclaimer doesn't mean you are off the hook. Again, that'd be like a crack dealer putting a warning on their bags "may be addictive" and expecting use that as a defense in court.
From SEC.gov:
"With little or no legitimate earnings, Ponzi schemes require a consistent flow of money from new investors to continue. Ponzi schemes tend to collapse when it becomes difficult to recruit new investors or when a large number of investors ask to cash out."

Let me fix your post while i'm at it:

Their site ATM:

Sign in

Sign Up
Forgot password?

Catchable fatal error: Object of class Main could not be converted to string in /home/makebtco/public_html/Main.class on line 1606

if you understand how the system works you realize that such a system could live forever.

I didn't understand your post

I don't want to defend makebtc because I understand that it may seems like a bank/investment opportunity when it is gambling but I am not sure it is worse than playing a casino game
Most people will just play some money that they can afford to lose and sadly some will play too big and get hurt

We are at 14.66 out of 15 on this bank, it looks good to pass this bank, the problem with the bonuses is that each 1BTC deposit only contributes to a 0.5BTC augmentation in the bank collection

Makebtc, could you please give us some updates about when&where you plan to advertise?

Google + bitcointalk

Ok, when will it start?

Bank 15 made it but has someone experience with the payout of the bonus. As you all can see I sold a lot but I didnt receive it all........

You were too new to bid on the advertising auction, but maybe you could sell signatures.

Not sure selling signatures for a pyramid will go down too well. Doubt google would advertise this either.

Is anyone in profit yet from this?

Yes, sure there is at least 50 people having profit from this up to now. And I'm one of them :) (Yesterday I re-invest to the system, so my profit lowered, but I was %57 profit until my last investment. I don't know the exact number of people who reach profit, but you can easily check from the logs.

Yes, you can check the logs but I sold 10BTC levels and should receive 5BTC as you can see in the logs. Payment has stopped at 1BTC so many profit but no payment. I dont deposit anymore. Thats for sure!

.

Do you understand that whenever you sell your level, you will receive 50% of the value only?

There was a bug. When you had your levels listed for sale, you were also buying, and you bought from yourself. Your level was adding as you bought with 50% bonus but didn't lower as you sold. Now the bug is fixed. When you noticed this, you were under obligation to report to us, according to our rules, but you started to sell your level again hoping to receive some more levels for free. (Technically this is violation of the user agreement and you are lucky we haven't set your level to zero.)

I understand that very good and thats what I saw on my wallet. When someone deposit 0,5BTC I received 0,25BTC. As the site says. So yes I know that very well but the numbers say I sold about 10BTC, erverybody can see in the logs. But the payments opf selling the levels stopped at about 1BTC. I know 50% but I didnt know thats the site only pays 20%. Same as Opnoskat I think I am done. The site does not what it says. We all could know it, but I didnt expect it after 1 month.......

makeBTC is apparently buying adds on bitcointalk : he can expect 1200 000 impressions which should bring thousands of new players and hundreds of new deposits, don't you think?

Quote from: MakeBTC on January 31, 2014, 11:24:41 PM
I've sent you the bitcoins equal to my bid of 1.25

OK, you can bid up to 2.5 total without paying more. Pay to the same address as before if you want to increase your bids beyond that.

Current status:
Slots BTC/Slot Person
1 1.30 Goat
1 1.30 victorhing
1 1.25 MakeBTC
2 1.25 ppanther
3 1.20 CEX

Bitcointalk will advertise a pyramid scheme?

Apparently yes, I guess they accept it because it advertises itself as it is. Ponzi scheme are illegal because they don't work though but I guess that if you change the rules along the way you can keep it going for a while, we will see
1 200 000 ads impressions in 9days on bitcointalk will definitely bring a lot of players and probably 10BTC in deposits, makeBTC could use some of the money deposited or revinvested by players to buy add campaigns

your site has a really nice design

Design is great but I think it is more inportant that the site does what it promise. And there is goes wrong. No payments. I hope a lot registered people will read this forum. I think they do because the deposit is not going very well. Don't deposit. It is fake, no payments!

I hope nobody will deposit on MakeBTC because they are losing money. Read my posts and you will never deposit again on that site. It is fake. No payments. Promised a lot nut they dont do what they promise.

A lot of new depositors may be bad for the depositors but may allow the old depositors to cash out a bit

What I don't like about the website is the fact that makeBTC is only suppose to get 1% of all deposits so it means they would have only earned 1BTC so far less all the servers costs and they are going to advertise the website for 1.25BTC...I doubt that 1% is all they plan on getting from the website

A lot of people seem to have cashed out fine so far, I cashed out 0.02 from last bank, it was my first cash out and I will be able to tell if it went through as soon as my bitcoin client synchronises (which could take a while from where I am), can you tell us exactly how much you cashed out and how much you actually received in your bitcoin wallet? They could be "stealing" from the big early players because that is where the money is but maybe they punished you from not telling about the bug? They should be more open about it then.

It wasn't me about the bug. They paid normal and good but the last bank en the last deposits I didnt get paid. Look at my stats at Makebtc, beetje2007. You can see I sold over 10BTC levels but received only 1 BTC. According to the site it should be 50% so thats makes 5BTC of the 10BTC sold. And I think you are right with the stealing of the big early players. I think the site will be down in a few days. At least I hope so, so other honest people will not be 'caught' by mister Makebtc....

The leaders statistics may not be accurate, on my cabinet page it is written I deposited 0.1BTC when I actually deposited 0.2
Maybe they will send it to you after, last bank wasn't long ago
Did you really only received 1.1BTC? I will keep everyone updated on whether I received my 0.02BTC withdraw, is there anyone else that wasn't paid?

.

This is what usually happens. They just need to keep stringing people along for as long as they can. In the meantime they can do what they like with the funds they've recieved.

Me too Opnoskatt, he ripped me off for about 4 BTC. And if he was really a smart guy he should stay longer honest so he could make more dirty money. I'm also definitely done with this site. Again, I hope nobody will deposit on his site, you lose!!! I also sent him several emails but no reaction. Says enough I think

Did you check your withdrawal address in cabinet? It seems stupid but it disappeared once on my cabinet

Try to private message makeBTC on Bitcointalk, he responded to me fine when I did

Will try that. Thakns for the advice. He answered once overhere if I unstand that only 50% will pay. As you can read I know very good it pays 50%. I looked in my cabinet and my bitcoinadress is very fine.

Speaking solely for myself, a small, early investor, all of my actions have been recorded properly and I have received my withdrawals as advertised. I have recouped my initial investment and am playing with the house's money, again public record.

I read with concern with beetje2207 and opnoskatt's comments about receipt of shares sold. That said, I wait with interest to read MakeBTC's response, if any. There is usually more to the story and my analysis needs the depth to go along with the length and width. Experience tells me plenty is missing from this specific discussion.

Personally, I find it of concern that beetje2207 and opnoskatt cashiered the bulk of their positions all at immediately as a new process was instituted. In fairness, more so beetje2207 as he had the larger position, thus more to lose. While they are entitled to their analysis and investing style as am I, collectively redistributing over than 13 of a 15 BTC bank in a matched pair of moves is a dicey move especially with new changes in the production software. Using the same percentages would close most hedge funds much less a small project like this. In perspective, 2 of 175 investors made the biggest move. That is a red flag to me.

My personal style would have been 1 or 2 BTC the first bank increasing over the next several banks, spreading the hit out a bit while more importantly ensuring proper operation of the new process prior to entrusting a larger sum to it. But that's my caution speaking.

I also watched with amusement where beetje2207 subsequently reinvested and received a bonus from himself, a move I'm sure was not contemplated by the developers. An easy enough fix  when thought about but easily not anticipated in advance. C'est la vie. At the time, my analysis was he wanted to stop out his liquidation and remain at a lower level. Comments in this thread change that analysis with additional information.

As for me, I plan to monitor the project for potential future profits as well as this board for entertainment along the way.

Lol, nowere in his rules it is forbidden to deposit when you try to collect bonus over the levels. And if it was forbidden he should told me I couldnt do that. I know what you mean. I was very curious about the 15th bank. My curiosity has been correct. I fully understand what you mean and I wanted to tested the sell of 10 BTC level. When I saw it went well I was prepaired to deposit more. But when the payout stopped my doubt was confinced. Personally I think it was a smart move to deposit when  I was selling levels ;-)
Correct that you saw I had a 'long' time of reinvestments.

I really hope you get your profits. And yes, also true, I was planned to sell some levels, see the paymants and stop selling because I also had trust in MakeBTC.org. Fact that Opnoskatt also didnt get paid makes it for me very clear. If I was the only one I could have been wrong. But the stats dont lie. As you can see I 'sold' 10,042 BTC. Thats what my levels made so small at the moment and thats ok but not the non payments.

I was there with the best meanings........

.

Yeah, bit fishy when they sign up just to post that lol

Correct, and also correct it is a bit fishy. We know the truth and we know what we received (not receieved) in our wallets. I hope everybody will read this before depositing. Mr Makebtc.org wants to get more money from the peoples wallet instead of be honest and pay the witdraw.

.

Very good update. We know the truth. He has to be stopped getting money from more 'investors'......

I assure you, I am not Mr. MakeBTC. If you check the records, you will see am an investor along with you, not even hiding behind an alternate name as I could. Different motivations and different strategy, as do we all.

I have been following this thread for about 2 weeks, but truth be told, today was the first time I had something to say, so I'll readily admit to signing up to say my peace. No sinister motive there, challenge all you want. I know what I am saying and why I am saying it. Disbelieve as you wish, I cannot control that, only be true to myself. I trust you are doing the same. I am new to the Bitcoin world, maybe 45 days in. So I am still learning as well as assimilating this world to that I already know. I come in very much the cynic with a cynical nature to begin with.

I see you follow much of my logic. Agreed, nowhere in the rules did it state not to pull out all at once. Yet I stand by my analysis that doing so with so large an amount was a significant risk. Reading your reply, it sounds like you agree it was as well. With the benefit of your reply I've extended my analysis to include the idea you were testing and probing to see what would happen. From your relative position of strength, I can see that, even the large amounts. At the same time, I might have done so with smaller amounts first. That's my risk management speaking. You can see my tests in the logs along side yours. I have not tried a sale yet as I wish to hit a specific threshold before I do. Based on your experience, that caution appears all the more appropriate.

I have an IT background and see all of this is automated. That combination alone causes me to react with an abundance caution. I've seen enough code slip streamed in my career to beware of the law of unintended consequences. And it appears that has tripped up MakeBTC, opnoskatt and you, in no special order, in Banks 15 and 16.

I hope that you get the 4BTC that is outstanding. That is very significant and I am very much interested in how MakeBTC responds to that as well as makes it right. That point is important to the future of the project as well as my faith in it. Of course, I have nothing invested in it I can't afford to lose. As I stated I am playing with the house's money at this point, so all I can lose are paper profits. I believe both opnoskatt and you are in similar positions, albeit with more paper profits on the line.

Collectively, we'll know more if and when the 16th bank is hit. I want to see us all whole. You have much more to gain than I.

An additional thought on the subject, more a rephrase: I refer to investments as the website does in my comments. In retrospect, the theme of the forum is gambling, so perhaps wager is the more appropriate word. In those terms, the risk we've all been managing at bank 15 is the new payout method. In that respect, I'll submit the sell, being the newest code change, was the risk to manage, not the level up which is more proven. MY point is proven out in that is where the issues occurred. And it remains to be seen if and how MakeBTC will correct that.

So in gambling terms, it is now to the pit boss to correct things and make the right. We very much agree on that point.

I think that jmalec may very well me a player like us, but who knows

opnoskatt, I think that maybe makeBTC thought your cashing out were suspicious and froze them before he was sure everything was correct.

I didn't check the logs carefully but I am guessing the missing cash outs are a few days old at most so it is still possible that makeBTC will make you whole, let's hope you changing the title of this thread didn't annoy him too much  :P

We are going to see a lot of signing up & deposits starting Friday when makeBTC will start being advertised here so it should at least be entertaining&fun to watch, I deposited 0.2 and cashed out 0.02 so far so I have a long way to go  :)

Guys, I hope Makebtc.org is good for you and I like seeing you that positive. Makebtc.org was always good and fast paying. I dont see any payment coming, he should have done that a few days ago. I also hope that Opnoskatt, I and maybe other get paid like is promised. When he does that you guys will be the first to know but I dont believe it. He never respond on my mails.
And suspicious or not, I think that we all gambled, we knew what we are doing but saying to get paid and not get paid is not gambling. I have another word for that.......

I think Makebtc has made a mistake with giving a bonus by depositing. the large number isnt a thing in my eyes. If you sell 0,5BTC or 10BTC. Principal is the same. And again, if I  get paid you guys will be the first to know

Was he successful in winning the advert auction?

.

For kicks, beetje2007, I pulled your log into Excel and ran some totals. It concerns me that your actual sales to not add to 5.012 as they should. They are short and not by the amount you paid yourself on that one transaction. It took little effort other than summations and formatting to find this. So it appears MakeBTC has at least two issues with your account.

Perhaps boumalo's thought is correct and they are holding up payment until they complete an audit to sort this all out accurately. If that is the case, good business suggests they should answer your inquiries privately, simply to acknowledge they are looking into things for accuracy along with a time estimate for completion. For you as well as the rest of us, I hope this is the case. Silence is not good, I agree with you on that.

Here's to all of our mutual success. I'll be watching with interest.

I did the Excel thing myself also. I only know what I received in my wallet. 30th Jan on 06.46 the last payment was done to my bitcoinadress. After that no payment arrived and as you can see there should be a lot more. I also think makebtc has a prblem with my account but al least he could let something know. Silence isnt good, for nobody.
And if you are makebtc (waht I dont believe anymore) it is a good sign you should repair things ;-)

Totally agree Opnoskatt. If they repair I also be the first tp let you all know. And also agree that I would be positive again but the silence from Makebtc is not good for everyone. And how things go right now they never make bank 16....

After your last post, opnoskatt, I picked up on one common thread looking at the your public logs: Both you and beetje2007 made a purchase where you paid yourself a bonus. After that, things went awry.

From your posts I can very well see MakeBTC did not anticipate this and probably did not allow for it in their programming until after the fact, simplistically figuring when people cashiered they would not buy back in right away or at all. Oops, bad business analysis and testing for new code. It happens, seen too much of that in my career. Tidying it up properly is MakeBTC's problem, agreed, along with proper private communication to those involved.

I personally don't think there was an attempt to cheat as much as you stumbled upon a possibility they simply missed. Good user testing but testing that should have happened before the code was put in production. However, I can also see where they may not see it that way.  In any case, I hope this gets straightened out to everyone's honorable satisfaction.

quote author=jmalec link=topic=420881.msg4900774#msg4900774 date=1391375318]
After your last post, opnoskatt, I picked up on one common thread looking at the your public logs: Both you and beetje2007 made a purchase where you paid yourself a bonus. After that, things went awry.

From your posts I can very well see MakeBTC did not anticipate this and probably did not allow for it in their programming until after the fact, simplistically figuring when people cashiered they would not buy back in right away or at all. Oops, bad business analysis and testing for new code. It happens, seen too much of that in my career. Tidying it up properly is MakeBTC's problem, agreed, along with proper private communication to those involved.

I personally don't think there was an attempt to cheat as much as you stumbled upon a possibility they simply missed. Good user testing but testing that should have happened before the code was put in production. However, I can also see where they may not see it that way.  In any case, I hope this gets straightened out to everyone's honorable satisfaction.
[/quote]

Not totally correct jmalec, the payments stopped for me at 30h jan at 06.46. From that deposit I didnt get paid. I deposited a lot later at 19.28. I also didNOT receive the bonus in between. Nothing to say when bank 15 was reached but that I dont have to repeat again. Fact is that IF Makebtc has a problem with our accounts they should tell us that they investigate and correct.

"Fact is that IF Makebtc has a problem with our accounts they should tell us that they investigate and correct."

Absolutely agree, beetje2007, absolutely agree. You have distilled it perfectly in that statement. Proper and timely communication is the key. Without it, distrust builds quickly and hurts all.

Correct, and I am not here to hurt you all but warn that they dont do what they believe. I know you guys also have money in there so this 'advertisment' is also bad for you all. But it is the truth, I am sorry guys.
Thereby, the payment between the times is mentioned didnot receive in my wallet as well, so that couldnt be the reason.

It is looking good, we will know for sure by Wednesday, you can follow the advert auction here :

https://bitcointalk.org/index.php?topic=434288.msg4788025#msg4788025

@beetje2007 I would never tell you to say nothing because it would scare new depositors off, you have every right to tell your problem; to be honest I don't want to advertise the website because I know people could end up loosing money without knowing what they were doing but I couldn't help myself&deposited twice, I would even deposit again if I was letting myself be more crazy  :P

I know who pays for the advertisement...................................

makeBTC is leading the add auction with a 1.55 bid,  he sent 1.25 to Thymos which allows him to bid until 2.5

Is he paying for the ads with your money?  :D

I guess that is why I am very interested by this add campaign  :D

I've updated the level selling and now i'm working on improving the logs page. There will be shown your level step by step, so you will see that your level is ok.

All bitcoins from your level selling where withdrew to your bitcoin address which you wrote in your cabinet. I will show you the transactions in private form.

Very curious about the transactions. I can show you a printscreen of my wallet and then you can see nothing from 30th jan 06.46 was paid in my wallet. I checked the bitcoinadress in my cabinet and it is the right one. These 2 payment from 30.01 where the last payments. After that nothing in my wallet from Makebtc.org.
05:49 KileasRane bought 0.5 BTC + 0.25 BTC bonus from beetje2007
03:29 jrshawts10 bought 0.031263 BTC + 0.015632 BTC bonus from beetje2007

Funny thing is that I received just a few bitcoins at the same adress I always have in my cabinet. It is a very small amount and that's from the bonus from today. @Makebtc, could you sewnt me the payments because as I said earlier, I didnt receive anything from 30-01 at 06.46. Thanks

You should be receiving a little more, I just bought a little with you,  beetje, the source. Nothng large, but another transaction to track.

beetje2007 since it is most probably a mistake in the system, maybe you can delete the negative title of the thread, you can always put it back in case you don't receive everything that should, I hope you will but I think we can be fairly optimistic here

makeBTC is still very much on his way to get the add slot on bitcointalk, 1 200 000 add impressions starting on Friday, that should bring a few deposits!!

There is a new feature that is doing exactly what I suggested should be done : you can sell your level at the price you want, if you sell it with a 60% discount, the next depositor will get a 60% bonus; so if I calculate correctly :

-you deposit 1BTC now, your level will be 1.66 with the 66%bonus
-first bank 0.22income+50%=0.33 so your level is now 2BTC, you doubled in one bank!
-second bank 0.25income+50%=0.37 so your level is now 2.37BTC
-third bank you will get approximatively an income equals to 50% of what you deposit, income that can be entirely cashed out like all other incomes, pretty nice!

I am not the owner of this Forum and I didnt put the name on it. But if I was I shouldnt delete it because I didnt get any respons from mr Mamebtc. The only thing I heard is he will show things in private from. And your calculation is correct, and all your incomes are pretty. There is only 1 important thing. You can make a lot of money like you mentioned but when you dont receive anything in your wallet it is still a loss!!!! As you know I sold over 10 BTC level, I get paid a little and I still miss 4.182051 BTC. So good story but with no payments everybody loses!

And when Mr Makebtc contact me, tells me he is investigating and will correct I will be the first one who deposits again. But till now nothing form the site. You could be very optimistic but I am very curious if you miss the amount I miss if you stay optimistic. This is absolutly no attack nut the facts. I hope you understand what I mean.

Oh I very well understand, I am optimistic about your situation&opnoskatt's and makeBTC has been opened about it so I was hoping opnoskatt could remove the negative comment about makeBTC in the title to let everyone get its own impression from the thread, it may also increase your chances to get the money that is missing if there was an error in the system, the money hasn't been missing for very long now

I just verified if I received the 0.02 I cashed out from last bank and I did received it within 24h of when we passed bank 15. I will keep updating everyone on wether I receive my withdraws or not but I am pretty confident I will and may deposit more; no hard feelings

.

Fist of all I want to say that whit my logs all is OK I recived my BTC in my wallet no problem
MakeBTC fix the issue of Beetje before friday or the advertisements you payed for will be money in the water.
Nobody likes to invest / gamble in something that does not pay when it should.
If beetje is wrong please explain online using proof or pay the guy his money.

Everyone should know the company back ground before investing huge amount, its good for us

Totally agree with you Opnoskatt. When he fix the problems I also make a formal apology and even will deposit again. But untill now nothing. Happy that Opnoskatt and myself are very critical about this site. I have sent MakeBTC 2 more private messages overhere but again, no reaction. I dont like this even you guys dont like it. And I am sorry but at this moment I cant be positive about this site. And everybody can make mistakes but this has to do with trust of all of us in his site.

Thanks for the support! And yes, if I am wrong (and I am not!) proof it overhere. Fine with me!!

My 'little' income has been received but the 'big' one not. And he could be open but so far I didnt hear anything. And I am less optimstic then you are. I am sorry

For what it is worth, I've noticed the pay to address for my account disappears from time to time, usually around changes in the code. It goes from populated to blank. When I see this, I promptly repopulate the field and save it so as not to get caught. And I tend to remain conscious of pay cycles to monitor that. Again, from my IT background I'm conscious of things like that and look for it.

It would be horrible if something along that line happened during your large payment cycle, beetje2007, and the timing of your similar monitoring was off a bit. But the site's internal, non-public logs should demonstrate if and where the payment was sent. MakeBTC probably has already checked along these lines, but I offer it from my experience in case he hadn't audited it that way.

From how it effects me, personally, it is a simple bug, irritating nothing malicious. However, if it caught beetje2007's funds, I can see a much different interpretation. Regardless, I expect MakeBTC to find the root cause and make it right beetje2007 as well as for everyone's success.

To all: this is the answer from mr Makebtc. I have to deal with it. Good luck to you all. Or I dont understand the message but he believes in fairytails.......:
Re: (No subject)
« Sent to: beetje2007 on: Today at 09:26:09 AM »
Reply with quoteQuote  ReplyReply  Remove this messageDelete 
I even don't want to check nothing for you anymore after you wrote about us. I'm working now on my global improvement, site will change a lot, after will rewrite code and recalculate all what happened that day. And if there was a bug and u did not received your money you will receive them then. But it looks like you are deceiver. I help people. You try to prevent it. Good and evil don't you think? =) I believe in fairy tales so good one wins =) Good luck to you man.

Beetj2007, this is a most disappointing response from MakeBTC. I'll choose to believe in two fairy tales for now, you get made right as well as the premise of Mr. MakeBTC trying to help people. To me they go hand in hand.

In any business, mistakes and accidents happen. They are ultimately human endeavors. The true tell is how they are handled when they happen. The best businesses handle them with honor. And I still want to believe MakeBTC is honorable. We'll see.

The end of the bid war for adds slots on bitcointalk is very close, makeBTC has the third biggest bid so it is still looking very good :

https://bitcointalk.org/index.php?topic=434288.40

That will be 1 200 000 impressions on bitcointalk forum which may bring 10BTC in deposits in about 9days, starting on Friday.
Each time someone sells its level it means that new money takes the place of old money through the bonus and new money will probably withdraw less than new money at first so when we pass the 16th level we may see a lot of the income reinvested and again a lot of old money that leaves through the bonuses..

Assuming they allow the ad. Do the admins know what it's for or allow these type of ads?

They don't endorse the websites that they advertise, they will allow the add, Theymos has ask makeBTC to send some money in advance to allow him to bid

I think there's a difference between endorsing something and essentially promoting a scam. Theymos asked for the advance probably to prove he was a serious bidder.

You can all read thr answer of mr. MakeBTC. He is here to help you but if you have a problem he wont help you unless you keep promoting his site. Is you mail him with your problem over the site please be polite guys. Adore the man because if you tell the truth overhere he wont do research what happend and dont correct the failure in his site. When you tell the truth he would say, like he did to me, that you are a cheater and tell lies. So I hope you all read his comment and also I hope you guys dont get in trouble. He wont solve it fot you. He believes in fairytails. @ Opnoskatt: in my opinion you should not remove the scam thing. On the other site, if you remove he might help you. Its up to you. Wish ypu guys all the luck with mr Makebtc. If he corrected I should make apology overhere amd deposit again but after his very professional answer I am more then done with this guy.

If you believe in fairytails everthing is possible. I thought you should give me the paylog in private form. Now I understand why I didnt receive that! You dont have it......
I dont believe in fairytails, to old for that......lol. Good luck Mr Makrbtc of shall I call you Mr Fairytail. Good luck with stealing money from honest people. If you guys wanne see my wallet, my receivings from MakeBTC it is no problem. I will post them. I am an open and an honest man.

So which users in here are shills of the OP? lol

Why would I have shills?

Whoops, sorry, I didn't mean you. Meant the MakeBTC.org guy. Thought this was his thread.

There doesn't seem to have any makeBTC shills in the thread, makeBTC intervened  himself

makeBTC is a gamble bc it's an anonymous website&a pyramidal system but it is fun and the fact that makeBTC wants to keep the party going and have new ideas to keep it going makes players, such as errcpp today, deposit 1BTC in hope of getting some nice income from it
We should know the result of the add auction as soon as Theymos declares that the bidding is over, if makeBTC wins it will mean that makeBTC add banner will be all over the forum for 9days (1,2 millions impressions)

"
Auction ended. Final result:
Slots BTC/Slot Person
2 1.70 darbsllim
1 1.70 ppanther
1 1.70 LuckyBitSupport
1 1.65 MakeBTC
3 1.65 CEX     "

The add campaign should start tomorrox 130,000 impressions a day

Good luck guys. Mr MakeBTC thinks I am a deceiver. I am just an honest man. I hope you guys dont get in trouble with your ' inversments', you will all lose. Sorry to say. If Mr makebtc investigated it and corrected it I wouls make apology. He will not help me so good luck guys with this SCAM site.
You all can read his answer to mail at thois forum (yesterday)
I hope Mr Makebtc joine my over 4 BTC and that should make him rich. Hopefully he is very very very happy with the 4 BTC.

1.03BTC deposited yesterday and 0.6BTC today at 3PM, I think players are entering before the makeBTC adds are on the forum this weekend

They enjoy the 65%-66% bonus and are in for the ride

To all again. After my last post here at he forum Mr Makebtc contacted me. I have a lot of confidence that he will solve the problem. He deposit some amount (to be honest not all yet) in my wallet. He investigated and admit that something was wrong with the payment. He will do anything to solve the problem. So guys, not everything is in my wallet but that he admit is for me a very good signal. I am glad for myself but most of all for all the people who invested in Makebtc.org.
@Opnoskatt, I dont know mhow you think about it but the scam thing can be removed in my opinion.
I keep you guys updated for the rest of the payments.

BTW: to show you guys I am serious I deposit BTC, you can see in the logs....

made your account a week ago.  I trust you.

We've improved the "User's" page on MakeBTC.org with full statistics about each and every user. There are also full step by step logs about every user, so everyone can see exactly what is happening.

In the first example, I direct you to Oppnoskat's page, so everyone can see his levels were never stolen. As i'm sure most people are aware, there's a small percentage of people with the means and willpower to try to take advantage of others. We at MakeBTC are proud to stand behind our platform, nobody will pull the wool over our eyes, the system will be attacked again, i'm sure... and we will prosper.

http://makebtc.org/index.php?user=opnoskatt

Your update is good news indeed, beetje2007, at least to my eyes. It confirms my faith in our collective honor.

And MakeBTC, I like the refinements to the logs. They do indeed add to the transparency the site has strived for. Thank you for those efforts.

Here's to our mutual success!

At least now the logs and my page are correct, they do show the correct values... but I've still be shorted on the amount of BTC for selling my level.  Here are the transactions from my withdrawals, which are now correct:

0.075
b8bc1f598a3a03ec479e1355ec4123314aec51402007fd4f6f052b35cfe785f0

0.125
b0ba163419d198c00cf741aeed5b5bf1e18ab69976efa8e9b14d4814aeb6edfd

0.12
89c7480419cb6d9988960be8777dbbd9c2e0849a52d170036318f998694aa2ac

0.2
11782d0ccb4f0db648c93c0abb57f17e4a6ecf9a1ccaff8a7e8432915b4ec3e7

0.25
e39f726a82f907623488229f460b760fb4e9b3d6dab23d8bc5040f9914e5fb15

0.28442398
0cc49c2089ca8172be4027c7afb1a9f76ca29f58cbd7a3804991082ff8afcef8

0.1
33a2f236b61509a6462edba092ba67d192bb26652273569b4148b06a745dd116



I have not received my full 1.764BTC for selling my level.  MakeBTC, if you feel this is in error please produce the transaction ID's which show otherwise, this should be rather simple to do in your system.

 First time you said that your level is wrong. I proved that you lied. Now you lie again. Will spend some time will show all the transaction from all you withdrawals, but I am sure that people believe me and without this.

.

All your transaction from your first withdrawals till the end

b8bc1f598a3a03ec479e1355ec4123314aec51402007fd4f6f052b35cfe785f0 0.075

b0ba163419d198c00cf741aeed5b5bf1e18ab69976efa8e9b14d4814aeb6edfd 0.1251

7a5082cbba1e36e17a50f65d339d2008f559a2a709f10b17cf134572e6772caa 0.1251

89c7480419cb6d9988960be8777dbbd9c2e0849a52d170036318f998694aa2ac 0.1201

11782d0ccb4f0db648c93c0abb57f17e4a6ecf9a1ccaff8a7e8432915b4ec3e7 0.2001

e39f726a82f907623488229f460b760fb4e9b3d6dab23d8bc5040f9914e5fb15 0.2501

0cc49c2089ca8172be4027c7afb1a9f76ca29f58cbd7a3804991082ff8afcef8 0.28452398

42b4ee4c3e679b902cd3f247bc5eb22ef0185907f92acc985ad32ce4362503b7 0.081475

7cf6727d1f41829001ba81cb663ae05dc00b589b3329892b126cd79834b17926  0.0501

48e4f0a03a903753cd92f89089f9789ffe863f3d291b7b2a4a48303ff34d7045  0.2501

b92a5edf55e37f3f2bc26af858309875864d6a43aac1c929308638166ad49d36  0.1501

ffb03083e6ca6bbf496d79c143e547bcdfef5677eb35dbd475b0935399a7a013 0.03102

6646804ca057a3686487f29757e4a62ca724c83395ae3113f1a6855b5545197c  0.0261

97344ec5c23f86e6aa2ba9122a4eca62330a22e816d9e42b2be6acab2d32e20f 0.4551

33a2f236b61509a6462edba092ba67d192bb26652273569b4148b06a745dd116  0.1001

7831c654b5bd0981868c697e00f9f98882b338b3a1fe2201443bb435c58423af  0.3054

04417dbe9319f176fd2461f4704fb0b9da39d6b07d6cb9f4176111328da6254a  0.3521

e2058d2b5a5ef9652b6ad8679bc6fb26441d26daf4e0cf27dc494b583ec65476  0.0278

Here is all you withdrawals BTC by BTC.

I counted about three bitcoins here and that's the full sum you've earned with us.

MakeBTC, I've verified deposits, withdrawals, bonus, and payments; all numbers are adding up perfectly.  Thank you for taking the time to produce the requested transaction IDs, it shows that you truly care about the future success of your business.  Any undeserved negative comments have been redacted from the thread to ensure viewers get the correct impression about your service.

Is it safe to invest ?

What is your final answer OP ?

Yes, I believe it is safe to invest in.  Although I do consider this to be gambling, it does appear to be one of the more reputable options.  The developer for the site is active in the forums and makes constant upgrades to the site.  With good advertising and an continually expanding user-base I imagine it will remain profitable for some time.

If its safe to invest and this is just a conflict over the definition of gambling/investnment, I do believe that this threads title is a little misleading, there is a tremendous difference between gambling and a scam!

The title doesn't say scam; it says Pyramid Scheme, which I think it's accurate for the service.

It said "verified scam" just earlier!

Yes, sorry for the confusion.  During some updates that were occurring on the site a few users thought that money had been taken by the site. It turns out there were just some changes to the page layouts and the site owner came out and cleared everything up.  Any missing BTC was promptly sent and everything is operating well now.

Hey guys .. some free BTC and other alts for signing up here  http://qoinpro.com/59840c5039c4a3070bad2b9cddf6b09f and small payouts everyday. Peanuts I know, but nothing to lose. :-X

I did not understand what you were unhappy?
Last withdraw transaction date: 01.02.2014 11:26. all in time.
Just doing bad things to other people.

 Or the reason was, that i'm don't answering at forums? Please sorry that i'm spending my time improving my project, that will make btc to all of us, instead of chatting with you.

Just saw the advert. I wonder what bitcointalk wouldn't advertside? lol

I am very happy that the cash out problems got resolved, let's gamble now!

The adds will bring a lot of depositors, the bonuses are now reduced to 27% because the present members want to stay in, when we will pass bank16 a lot of players will reinvest their income and the add campaign on Bitcointalk will probably still be ongoing so we should also pass bank17 in two or three weeks; passing a new bank is now less expensive since the BTC price is decreasing
You could get a 71% bonus a few days ago..It seems like a lot now

If the deposits slow down again, the bonuses will increase and that should increase the deposits and allow the players to withdraw money

Let's imagine that the deposits slow down a lot, if someone is ready to sell its level for a 80% discount ie get 0.2 per 1BTC of level sold it means that someone depositing 1BTC could get a 200% bonus, the bank level will raise of 0.50 and 0.50 will be withdraw to the player that sold 2.5BTC level for 0.5BTC
Getting a 200% bonus will certainly make a few players deposit, even at bank 20 or more

There should definitely be additional levels reached as more people start selling/buying at higher bonus levels.  I think a few "whales" need to get introduced to the system to see if a couple >1BTC investments can be made.  Maybe use something like coinbomb.com (http://www.coinbomb.com/aff1BP5tqozeXosJiTvxr89xFdfXZnntbruFy) to advertise and bring in known gamblers.

Thank you. It is interesting.

simple maths will tell you what to do  ;)
https://upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Pyramid_scheme.svg/800px-Pyramid_scheme.svg.png

They'll all collapse at some point, but the people who get in early wont care as long as they get out with profit.

   Those, who really understand how MakeBTC works with level selling, know that this is not pyramid anymore.

I put 0.1 in this scheme, we will see what happens.

Anyway I tried http://coinbomb.com/ yesterday and earned .2btc now I'm waiting in "group" ponzi scheme if it wont go off they are returning money.
Looks interesting because it's just the begining and the stakes are not so high

Mr MakeBTC is correct, this is not a pyramid scheme in the exponential sense of the diagram above. For example, as of now to reach level 16 we need about another 6 BTC. Then to reach level 17 we will need 17 BTC. If history is any judge, 25% to 50% of those 17 BTC will be reinvested from those who received BTC from level 16. The remaining amount will come from new investors, or possibly from old investors adding new funds (who are in this situation equivalent to new investors).

So technically it is correct that new investors are required to reach each bank, and in that sense MakeBTC has some qualities of a pyramid scheme. However, the amount of BTC required to reach each bank is so small in comparison to the number of BTC in existence it is quite plausible to think that new investors entering even now, will make a profit on their investment. At some point in the future, new investors may slow down so much that it will take so long to reach a new bank, that it will be clear that it would take years to clear a profit. But we are a long way from there at the moment.

The fact that existing investors can now "cash out" by selling their acculmulated levels for BTC (at a discount) also makes it easier to lock in profits after having reached a few banks.

The interactions between beetje2007, opnoskatt and Mr MakeBTC on this forum have been very instructive; MakeBTC has shown itself to be transparent, honest and willing to fix problems. As far as I can tell, this forum is the only place on the internet (!) where MakeBTC has been discussed in detail, and with the owner participating.

There are many different versions of pyramid and other similar schemes. The way it works is still pyramidal in nature.

 Absolute agree with you Cognitive2013. Mr Makebtc has shown that he is absolutly prepared to solve the problem which is solved on his site. He is open for comment and a very honest man. Thats why I deposit again on his site. I think he is a very smart guy so the site will remain. New and old investors will see that the profits will grow and grow. I think we all gonne have a lot of fun with this site. Very interesting!!

The numbers of makeBTC

level   number of people who made a depossit
  1                  19
  2                  34
  3                  45
  4                  56
  5                  61
  6                  67
  7                  74
  8                  77
  9                  84
 10                 92
 11                103
 12                108
 13                131
 14                144
 15                180
 16                 ??
So you can see there are still people in world population to make it easely to level 200.

My point stands  ;)
Still will get uncontrollable  :D

If you check a few post above you, you will find the original title was "MakeBTC.org Pyramid Scheme - VERIFIED SCAM"  ;)

If you are talking long term yes it is uncontrollable, except if you change the rules along the way to keep it going
And you have to admit it could still go for a while before it stops or slow down a lot. A lot of new money was deposited and a lot of old players sold their level so we are looking at new players that will keep their income invested for a few levels

I won't advise anyone to play though because it would be like advising someone to play dice or roulette but it is definitely fun while it lasts and I except to get my money back within a few banks; play responsibly and have fun!

Is it still working? Or gone scam?

I can't fucking believe that theymos thinks its acceptable to take money from a pyramid scheme for advertising. I'm absolutely disgusted!

un-fucking-believable!

lulz here is the reasoning

Disgusting!

I guess this just says one thing about theymos.  He seems to only care about money.

Theymos, I had a neutral opinion of you before, but now...

SO Disgusted

I don't think he cares that much about the money. This forum does seem to have weird standards though.

I think that Teymos answer is very reasonable :

"I don't judge whether advertised services are scams or not. If I did, I'd probably have to ban ads from every mining hardware company and every gambling site, as these are often accused of being scams and are clearly very risky. That's why there's a disclaimer below ads.

MakeBTC looks like a Ponzi scheme, but if it works exactly as advertised, then I wouldn't call it a scam. It's more like gambling. Some people will make money, more people will lose money, and the house always wins. No one is being tricked into participating: the exact rules are listed on the front page. Now, there's probably a high risk that MakeBTC will just run away with the money at some point, but users, not me, will need to decide whether the potential rewards are worth this risk."

That is pretty close to how I feel about makeBTC; I think that in a lot of jurisdictions it would be illegal to use the term investment as used on the website but if makeBTC doesn't run away with the money it is more or so a gambling website; makeBTC has been run as advertised so far and the owner hasn't run with any money

I agree.
We are all adults and we all know that the washing powder in the TV add that is supposedly much better then the one of the competitor and cleans much whiter then the one before it (which cleaned much whiter then the one before it, which cleaned much w...) is in the end as good as others.

People will need to use their brains.

Maybe not everyone here is an adult, but there's a lot of gullible childlike newbs about as well.

We are looking at 12more days of makeBTC adds on Bitcointalk, that should bring around 1BTC/day of deposit so 12BTC deposit, the deposits don't seem to slow down!
When the adds stop and if the owner doesn't change the rules to incite people to deposit, the deposits should drastically slow down

By the way, only 24h left for the 150% promotion on Ponzi120 :

https://bitcointalk.org/index.php?topic=463433.80

Payments have always been made by the website, Laska_Forum is a full member so he may kind of care about his reputation, 50% of instant profit is pretty sweet when you catch it  :)

You raised your fee on withdrawals from 1% to 5%.

Where are you from? You have a strange use of English vocabulary. You use level in two ways and one way seems to be synonymous with bank.

I read your explanation of how your so-called "passive income" scheme works and I do not understand it. From what I've read here it seems that when I withdraw funds it's by selling half of those funds to some passive investor at fifty cents on the dollar.

What does the "L" mean in this line: "50% bonus from xlincn (0.12 L)" ???

It took me a little while to understand exactly how it works too.

Basically any deposit you make is locked into the bank and you cannot withdraw it.

Every time the bank is full, you receive BTC based on your level (see "Next Income" in your profile to see how much you will receive). You level is equal to the amount you deposited + any bonus you got from level sellers.

This money is automatically re-invested in your account by default, unless you specifically ask to withdraw it in advance (i.e. before the bank is full) in the "Cabinet" tab.

Now the admin added a new option to cash out BTC if you need it immediately, by selling your level. When you sell your level, you will receive at most 50% of its value when someone buys it (i.e. when someone makes a deposit). The other 50% goes to the buyer, in form of a 50% increase in his level.

Not sure if that's clear so here is a simple example:

I make a 1 BTC deposit, my level is now 1.
Next bank increase I get 0.1 BTC back which I choose to withdraw. My level is still 1.
I need BTC so I decide to sell 1 level at 50% (max rate). Next person who deposit will get a 50% bonus on their deposit in form of level, and I will get 50% BTC for 1 level = 0.5 BTC.

Now if someone was selling their level at 50% rate when I deposited the 1 BTC, my level would have started at 1.5.

Hope that helps

[EDIT]
To answer your questions:
From what I've read here it seems that when I withdraw funds it's by selling half of those funds to some passive investor at fifty cents on the dollar.
That's correct, I guess it's to prevent people from withdrawing their funds too often.

What does the "L" mean in this line: "50% bonus from xlincn (0.12 L)" ???
L means level. That means the next person who deposit will have a 50% bonus up to 0.12 Levels. For ex if you deposit 0.12 BTC, you'll get 0.12+0.06=0.18 levels instead. If you deposit 0.15 BTC, you'll get 0.12+0.06(bonus)+0.03(the rest of your deposit with no bonus, unless someone else is selling levels)=0.21

Also I just received payment from http://btcontracts.org it came like half an hour after it showed as paid out so I think the payment sent manual.

I have never heard of this website, how come there is no thread of Bitcointalk and it is never heard of but exists since February 1?

First I hear of it was in a chatroom a few days ago, I googled it but I can't find any reviews so I deposit enough to get payout, to see if it would payout and it did. I did not want to recommend myself here until I get paid because I would feel bad if others deposit but get no payout so I tested first.

   One more clone which will die soon =)

Hey MakeBTC,

I just deposited .02 to see what happens.  When I put that in the calculator it spits out


Yet when I try to set my withdraw to .002 it tells me the min withdraw is .01.  So now my money is completely stuck till lvl 25 or something.
Is there a way to set my withdraw to .002 or is your calc giving false information?

bank 17 coming on nicely : 6.13 to go, there has been a lot of new players; I hope some are going to join http://btcontracts.org/ as well : this one is only at bank 5!

guys i sell acc makebitcoin.org
https://i.imgur.com/9ZZUGvl.png
http://img802.imageshack.us/img802/6771/h25i.png

Looking forward to my 2nd bank.  So far so good!!

I look forward as well :) I have had many successful payments so far from makebtc

Out of interest how much are you in profit?

pixelized
Level: 0.29
Income:(0.197 + 0.01) BTC
Withdrew: 0.118 BTC
Sold: 0 BTC
Deposited:(0.2 + 0) BTC

so if i sell all my level this Bank at 50% I make a 0.06ish profit from a 0.2 deposit :) i have received 5-6 payments so far always amount as promised and i have reinvest half to maintain payout amount

So you're not yet within profit on what you've withdrawn?

4.39BTC to go, that doesn't seem like a lot when some players are depositing 2BTC and at least one is depositing 0.4 + everyday

The adds on bitcointalk will stop within 2days though so the deposits may slow down which means that the bonuses will rise because people will want to withdraw.

Big bonuses entice people to deposit since they can earn more and big bonuses also means that a bigger portion of the deposit is used for bank

makeBTC could add the feature that 50% of a deposit is used to pay those who want to sell their levels, it means that deposits could get bonuses higher than 100% which is not possible right now : a bonus of 100% will be awarded if someone sells 1BTC for 0.33, 200% bonus if someone sells 1BTC for 0.2
I would deposit for a 200% bonus even if the website is slow and I don't think I am the only one...

Back in the good old days when you could specify any bonus level, I set up so that I would sell my whole 1BTC level at 0.05 discount, i.e. I would get 0.95 BTC. Totally legal but unfortunately Mr MakeBTC noticed and changed the rules so that the minimum discount is 50%.

I could sell my whole level at 50% and clear a net profit on the venture, but I will stay in for a few more rounds until I do that. Gotta admit, MakeBTC is quite fun.

4.23 to go before next bank

makeBTC is not advertised on bitcointalk anymore, let's see how much deposits we still get, next bank is close so I am guessing we weill be fine

Heads up everyone, something strange happening over at the ranch. Some dude named yqzip just deposited 5 BTC over the course of one minute in 8 transactions (?!) and now the bank says

"Bank has collected 17.14 of 17 BTC" but no payout.

 ???

I suspect something fishy going on. Hopefully Mr MakeBTC can fix it, let's see.

I have noticed since the Mt Gox situation gained steam then blew up that confirmations are taking longer in the Bitcoin system in general. This has slowed payouts from many sites.

Keeping a positive thought on MakeBTC.org, here's hoping the site is simply waiting for the appropriate number of confirmations before it cycles. That would be a standard precaution. Most sites show the deposit after 1-2 of 3 or more confirmations though don't allow access until all are received.

Though I have no other insight, I thought I'd share my observations and analysis. Mr BTC, please clarify if you kindly would when you have a moment. I'm thinking/hoping at the moment you are overseeing the cycle itself. As would be appropriate.

Of course makeBTC wants to control that everything is fine before we pass next bank or maybe it is automatic after the last deposit received a certain number of confirmations

makeBTC definitely controls before withdraws

This could just be someone depositing 5BTC, it seems huge, it is crazy; if the website get advertised and if the rules change in order to keep the deposits coming we can still go way further than bank18; I remember people saying it was over when we were bank13

Since we know the cycle takes some manual intervention, perhaps the large deposit to put the bank over the top caught Mr MakeBTC by surprise and he is out of pocket? Another thought.

Every pyramid scheme reaches a point where its organizer grabs the rest of money and vanishes.

If the organizer made a lot of deposits early on he wants more deposits to get more profit

I think what you are saying is still basically right, they are anonymous, usually not great people and there is a lot of money available so they tend to steal it

makeBTC has been paying everyone and taking care of all problems so he seems to be aiming for a long term profit instead of a small quick gain

Bank 17 finally cycled this morning along with Banks 18 and 19 shortly after 17. It looks like there were no withdrawals on any of the 3 banks, approximately 3.84 of new deposits were made this morning and all sells have processed so there are no current bonuses. This leaves us at 19.14 of 20 BTC as I'm writing this.

Definitely an interesting ride!

hahaha!! I thought it went sc.am but not at all

I didn't receive my withdraw of bank17 yet though

I thought that someone could do that a few weeks ago : buy in and go through a few banks very fast by adding 1BTC each time, did someone receive his withdraw from bank17??

EDIT : Apparently it is not exactly what happened, there has been a few deposits; I sold 0.1 level and I asked for a withdraw on bank17 but both didn't happen, it may be a small error in the system, makeBTC will probably come to explain everything soon

I also did not receive my withdrawal. Instead all my income was reinvested. But it appears that additional investors are still coming in to add the 1BTC to get to the next bank. I have asked for 0.1BTC withdrawal from bank 20. We will see if that happens or not.

I have to say, this is all fairly strange. Very slow for a couple of weeks, and now this.

Mr MakeBTC seemed to have very good control over things for a long time - I remember there was a hack about a month ago which he just reversed with no apparent ill effects.

Let us hope that he can post an explanation of what is going on and hopefully fix things.

I vaguely remember somebody saying that he was Russian - I hope he is not caught up in all the craziness currently happening in Ukraine. That would be a pretty good explanation as to why we haven't heard from him! But I hope that is not the case.

I have the same problem with bank 17
Yesterday i put 0.28 in my account to withrow but today when I logged in there was standing 0 again, so I changed it again
Lets see if tomorrow there will be 0 again.

Same for me I asked for a withdraw for bank 20 yesterday but today no withdraw planned so I asked it again, maybe it is now reset every 24h : if you ask for a withdraw next bank everyday

I've received a new payment from MakeBTC. Time to check your adresses guys :)

According to the amount received, currently we've get payments from the 17th bank.

I hope we can get some imformation from MakeBTC, anyway it's nice to see the system still goes on..

This site is a f***ing scam!

I tried to withdraw at 17th bank and 20th bank (why 17 to 20 lol???), and they never paid me, only reinvenst.

WTF

There are too many 0 withraws, but owner always steals our BTC:

- 05:33 Ki$$ Income: 1.5398 BTC | Withdrew: 1.485 BTC

LOL

This is f***ing ridiculous!

I have been able to withdraw on bank 20, I received it this morning

I have sold level before and withdraw without any problems

makeBTC has always paid and solve every problem that occurred, keep confidence guys; apparently when you ask to withdraw it reset to reinvest your income after a while, I don't know if it is a bug; I asked to withdraw for bank20 and it reset, I asked again right before we went to bank20 and it worked

There has been a weird set of events during banks 17 to 20 when it went very fast or the website was frozen but it seems like it is business as usual and we have all a bigger level so it is cool :)

I was going to say same thing about the level resets. I've experienced same bug at least 2-3 times in last week. While the bank was 19.96 or stg. I logged in and saw that my withdraw amount reduced to "0". Then i re-write the amount, so that I got my withdraw properly.

I guess Allow experienced that bug too.

Btw, Boumalo did you made re-investment on bank 17? Cos the amount I've received today, was the amount that I should take at Bank 17. Bank 20 was a bit higher cos of mandatory investments between bank 17-20.

I received 0.026 so it is hard to say because both bank 17 and bank 20 incomes were a bit higher : 0.26 and change

I don't mind that if it reset after 24h that means more people will reinvest :) it should be clearly stated on the website though

If more than 50% of each deposit was used for bank we would see next bank faster

I'd be surprised if its still going. Getting involved in these at such a late date is even more risky.

Who's to say what is "late"? It is getting about 0.5 BTC net income per day, so it will go through the next banks slowly but surely, which is fine. It's not called "passive income" for nothing...

Still paying!!!

People were saying it is late at bank7,10,15 as well...

We are still getting a lot of new players and deposit, we know makeBTC is not running away with the money and it is innovating so it will find new tricks to keep the deposits going

Anyone else getting the message "This Account Has Been Suspended" when opening makebtc.org?

Yes
LOL I knew this would happen

Yes I have it as well, let's see if makeBTC give us an update soon

I advised him to do a signature deal as well so we can get new deposits; I don't think he ran away because there were still deposits everyday

I got it suspended for falsely presenting itself as an investment website. It is a gambling website.

You could have asked makeBTC to change "investment" for "gambling"

He didn't sc.am, we lost the website and we may have lost the money deposited

What happen makebtc.org always saying "Account Suspended" is there any problem with my IP Address? or something going on out there!
WHAT IS GOING ON!!!!! makebtc.org can you explain this PLS!!!!! oh i guest they read this!

The problem is not your IP address since I see the same thing and other players see it as well

We can speculate at this point; a bitcointalk member said he asked mabeBTC server to stop its service to makeBTC bc it was advertise as an investment nd not a gambling website

makeBTC may have all the infos saved up somewhere or is trying to dispute his case so makeBTC may come back with an other address, or not

The question I have is who exactly appointed the apparently sanctimonious nrd525 judge, jury and arbiter? I certainly wasn't queried. Were any other participants?

Will ndr525 take responsibility for any and all bitcoin lost by his/her actions to get them refunded? Refund them him/herself out of his/her pocket? Where do we file the claim to you, ndr525? Right, an anonymous voice simply causing trouble to cause trouble and walking away. Enjoy your laugh while I thank you very little.

I would suggest, nrd525, your action should have been to not participate, not potentially cost others their bitcoin. But that is my opinion as a live and let live type. You have your own mirror test to pass. I can pass mine just fine, thank you.

It's your personal opinion, that it is a gambling website. Or do you have any court decision backing up your view? (And if so, still YOU are the one I blame for having lost some BTC, if they will not be refunded)

I wasn't queried either.

That's what I wanna know also.

Seems to be Philadelphia. Look up "justicemap.org" (see ndr525's signature link) at http://pir.org/services/whois/ and use it as a starting point for your research.

It's his personal opinion, which happens to coincide with the personal opinion of makebtc's hosting provider.  Random d00ds shutting down websites are all part of the fun that is Ponzi.  Man up, dust yourself off, and stop bawwing.

I'm not even sure that nrd525 is taking credit for something they actually did. Any proof of your actions, nrd525?

I would have hoped that Mr MakeBTC would have used a host which didn't mind whether the sites do gambling or not. After all, gambling is legal in plenty of places. It's possible that some busybody complained to the host and threatened to sue them for some part of (for example) a fraud which claimed to be an investment when actually it was gambling, then the host took it down out of an abundance of caution.

So, I'm guessing Mr MakeBTC has a back-up somewhere but it'll take him a few days to get it all sorted out. The site has been through worse; got hacked a couple of times already and he repaired it.

Still, it would be nice to hear from Mr MakeBTC on what is probably still the only dedicated, open, thread on his website anywhere on the internets...

It's probably not even a gambling site now, but possibly a scam one which may or may not be thanks to you. I don't agree with Ponzis but if people want to use them them then they can. I'm not sure whether the site was taken down because of your report but if it was you've possibly now given the operator the perfect excuse to close shop and run off with everyone's funds.

There was "only" 10BTC to steal when he could have steal more each bank from 11 to 19
There was still deposits everyday 0.1 to 0.3 so it would make sense to wait before running away

He was probably very invested in the scheme through multiple accounts that registered early on so he was probably making 3-7BTC every bank + fees

It is weird that he doesn't say anything now though; I didn't do the exact calculations yet but I have deposited around 0.25 and I withdrew app 0.12 so it could have been worth

Yes getting the same message.

It is not certain that nrd525 actually did suspend the site. He just claims he did. Don't give him too much credit, unless we get some firm proof, or hear back from Mr MakeBTC. Unfortunately, it's not looking good right now, site still suspended.

Also, nrd525, if you are so influential, why don't you get bitvestor.us suspended as well? They have actually taken BTC to get to level 8 and not paid out when they reached it - unlike makeBTC.org, which always paid...

@Cognitive2013:  All Ponzis pay until they don't.  That's just... how Ponzis work.

The problem is not that the ponzi doesn't get new depositors/players but that the website is not online anymore

There is a difference between being a late depositor and not getting paid and the owner running away with the money or technical problems

Nah.  "Technical difficulties" is a standard tool in the arsenal of ePonzi.
+1 creativity for running suspendedpage.cgi, though -- i'm impressed.

http://i3.kym-cdn.com/photos/images/original/000/675/746/0e4.jpg

+1
Did you remember AlterMine site?
Same things. (if not his first project).
Regards.

https://bitcointalk.org/index.php?topic=472000

So, we ever gonna get back what you have stolen?

I don't think that's how thieves or scammers work  :D.

Mr. makebtc so far didn't steal or scam anyone. nrd525 got the site suspended, so he's the one to blame for Mr. makebtc cannot continue offering his service.
See https://bitcointalk.org/index.php?topic=472000

ALERT/INFO

There's a new site online which copies the makebtc concept:

http://qoingrow.com/

The people from badbitcoin.org call it "Ponzi/Scam", see http://www.badbitcoin.org/badlist/index.htm

BTW: Here's what the same people say about makebtc.org:
"The site has been suspended by the host as somebody reported it as a gambling site. We hope people don't lose their Btc as this appeared to be an honest and moderately sustainable scheme - ongoing - 12/03/14" (see http://www.badbitcoin.org/)

So he says, but where's Mr. Makebtc or your Bitcoins?

Neither of both do I know, all I'm saying is that at this point of time you can't say Mr. Makebtc deliberately did a bunk.

He is not coming out to say "I am sorry, I will reopen the website" or "the funds are safe I will pay back"

He may have had an accident but it is uber unlikely

We are in the dark but it doesn't add up to run away at this stage bc he could have make so much more or run away at a better time; I don't think I will see my 0.3BTC which was my level on the website

Lol look:
For a successful Ponzi, there must be an illusion of many investors.  This is easily done by "investing" the schemer's own money -- he'll get it back.
You never know just how much of the pot is real sucker coin, because you're not meant to know.

It can be from 30 to 90% of the early deposits but it isn't that much of a problem if the owner doesn't run away with the funds, is professional and advertise the website bc a lot of people can make money gambling

The problem with most pyramids is that the owner run away with funds and there is technical difficulties not dealt with

I simply pointed out that "he could have run with more" argument is unsound, since you don't know how much of the pot is sucker money.

the website is working now...

^Try this:  http://makebtc.org/cgi-sys/suspendedpage.cgi <=that works 2 :)

Password doesn't work

when we are 10 out of 20 on bank 20 it means he can run away with 10BTC maybe some of this 10BTC is ''his" money from previous profit reinvested but the fact is that if he run away when it is 11out of 20 he makes more money

If he is invested in the scheme early (extremely probable), he profits from keeping the scheme going as long as possible + he takes a healthy 5% fee so it doesn't make much sense to run away when there is still 0.1-0.3 deposits everyday

makeBTC.org is back online but we can't log in yet, already 2 registrations

got this e-mail about the site not working and invalid log ins



Hello dear makebtc.org user.
 
We very sorry for our site get a wrong way.
 
We will start refund your btc now.
 
Reply this email with:
 
Your email at makebtc.org:
Your password at makebtc.org:
 
we will refund your full btc and will give more a bonus of 0.01 btc to you.
 
thanks
 
admin
makebtc.org

I got the same email, I don't see why they should need on password, that doesn't make much sense, makeBTC post here please!! Or on the other thread
I hope the website didn't get hacked, it sure looks like it did but it is weird that makeBTC doesn't say anything anywhere!!!

I have some hope of getting my BTC back though

Sounds super scammy, my bet is someone saw the site go down and thought they could make a quick buck when it started working by phishing people's site logins.

We can only speculate; the alleged sc.ammer has admin@makebtc.org email but getting the passwords only allow him to try to log in on other websites with the same passwords

I don't think he was able to register makeBTC.org again and have all the design and infos as well; he cannot get any money from makeBTC by having a password if makeBTC isn't running

I'll bet we all got two emails, one from "Makebtc" wanting our login info and one from InvestBTC claiming their site is "the best site to invest bitcoin and litecoin." Well, Site #1 (MakeBTC) definitely did not send that first message. The original data has Site #2 written all over it.

Delivered-To: @gmail.com
Received: by 10.114.177.233 with SMTP id ct9csp26140ldc;
        Sat, 15 Mar 2014 12:30:12 -0700 (PDT)
X-Received: by 10.50.143.12 with SMTP id sa12mr4491509igb.45.1394911811597;
        Sat, 15 Mar 2014 12:30:11 -0700 (PDT)
>>>Return-Path: <enginnv@server1.lotusproxy.com>
Received: from server1.lotusproxy.com ([192.184.9.147])
        by mx.google.com with ESMTPS id ce9si2627209icc.31.2014.03.15.12.30.10
        for <@gmail.com>
        (version=TLSv1.2 cipher=ECDHE-RSA-AES128-GCM-SHA256 bits=128/128);
        Sat, 15 Mar 2014 12:30:11 -0700 (PDT)
Received-SPF: neutral (google.com: 192.184.9.147 is neither permitted nor denied by best guess record for domain of enginnv@server1.lotusproxy.com) client-ip=192.184.9.147;
Authentication-Results: mx.google.com;
       spf=neutral (google.com: 192.184.9.147 is neither permitted nor denied by best guess record for domain of enginnv@server1.lotusproxy.com) smtp.mail=enginnv@server1.lotusproxy.com
Received: from enginnv by server1.lotusproxy.com with local (Exim 4.82)
   (envelope-from <enginnv@server1.lotusproxy.com>)<<<
   id 1WOspY-001iwB-2j
   for @gmail.com; Sat, 15 Mar 2014 10:57:08 -0700
To: @gmail.com
Subject: Refund and we will give bonus of 0.01 btc to you.
>>>X-PHP-Script: engineer-inv.com/decode/mm.php for 103.4.234.169<<<
From: Makebtc <admin@makebtc.org>
MIME-Version: 1.0
Content-Type: text/plain
Content-Transfer-Encoding: 8bit
Message-Id: <E1WOspY-001iwB-2j@server1.lotusproxy.com>
Date: Sat, 15 Mar 2014 10:57:08 -0700
X-AntiAbuse: This header was added to track abuse, please include it with any abuse report
X-AntiAbuse: Primary Hostname - server1.lotusproxy.com
X-AntiAbuse: Original Domain - gmail.com
X-AntiAbuse: Originator/Caller UID/GID - [514 526] / [47 12]
X-AntiAbuse: Sender Address Domain - server1.lotusproxy.com
X-Get-Message-Sender-Via: server1.lotusproxy.com: authenticated_id: enginnv/only user confirmed/virtual account not confirmed

Hello dear makebtc.org user.

We very sorry for our site get a wrong way.

We will start refund your btc now.

Reply this email with:

Your email at makebtc.org:
Your password at makebtc.org:

we will refund your full btc and will give more a bonus of 0.01 btc to you.

thanks

admin
makebtc.org

Doesn't seem to me like it's actually the site-runner. Not only does Site #2 look like it was whipped up on a moment's notice, but the email is sent with tracks leading somewhere other then the authentic path. I think this is just a scam.

EDIT: Subnote, at least MakeBTC looked credibly professional in it's design. I could have done that 2nd site's design myself, and I'm undeniably horrible at site layouts. The quality margin is far too substantial for engineerinv to be authentic.

I got the second email as well from InvestBTC

The emails are not from makeBTC and they probably don't have access to the administration part of the website

Let's see if we will be able to log in on makeBTC and if makeBTC will say something; let's hope he didn't sell the website and email user base to someone; if he did he would have sold the passwords as well...

I replied to the mail (no answer yet):

Dear Admin of MakeBTC.org (that is: if you are the real admin of that site...),

Personally, 'till a few days ago  I didn't think your scheme and website "got a wrong way", as you put it.

But why do you need my email- and password? You send me this email, which proves you already have my email. Besides, I registered a btc-address in the MakeBTC-database to send me my income. You can use that address to refund and pay me the bonus you just promised. Regarding to the sudden disappearing of MakeBTC, I think it's more justified that I ask you to prove to me that you're really the admin of MakeBTC.org before I give you any password or other info.

But surely, I would like to get my deposits to MakeBTC.org refunded. Therefore I would highly appreciate it if you send me my full refund incl. the promised bonus within a couple of days from now. You can send it to my btc-address registered in the makebtc-database, ore simply return it to the btc-address of which I send my deposits.

With regards,

Kush

makeBTC answered here https://bitcointalk.org/index.php?topic=449835.40

He is apparently not controlling makebtc.org or admin@makebtc.org and is fighting to get the domain back or he will create a new one so it is kind of a good news (if true)

This sort of denial borders on lunacy.  "Someone else" is controlling the site, but doesn't use the mail server for phishing?
You have been played.  You will be played again.  Or you're the outside guy.
Either way, please stop embarrassing yourself and let this thread die.

From what I can tell, one of these newer emails done through the same mailserver as the others seems to be advertising the MakeBTC webhost, as alleged by MakeBTC theirself. If this is any solid proof, which it isn't necessarily, then it may indeed be their host who is causing all this trouble, and I'm swayed to agree until proof to the contrary appears.

Also, after refreshing my inbox it seems an email from "BTC square" with a 'reflink' to the previously mentioned Site #2 (engineerinv) with the exact same sender.

                                                                                                                                                                                                                                                              
Delivered-To: @gmail.com
Received: by 10.114.177.233 with SMTP id ct9csp281210ldc;
        Wed, 19 Mar 2014 09:53:54 -0700 (PDT)
X-Received: by 10.43.155.84 with SMTP id lh20mr2245832icc.81.1395248033084;
        Wed, 19 Mar 2014 09:53:53 -0700 (PDT)
Return-Path: <enginnv@server1.lotusproxy.com>
Received: from server1.lotusproxy.com ([192.184.9.147])
        by mx.google.com with ESMTPS id t18si31294615igr.5.2014.03.19.09.53.52
        for <@gmail.com>
        (version=TLSv1.2 cipher=ECDHE-RSA-AES128-GCM-SHA256 bits=128/128);
        Wed, 19 Mar 2014 09:53:53 -0700 (PDT)
Received-SPF: neutral (google.com: 192.184.9.147 is neither permitted nor denied by best guess record for domain of enginnv@server1.lotusproxy.com) client-ip=192.184.9.147;
Authentication-Results: mx.google.com;
       spf=neutral (google.com: 192.184.9.147 is neither permitted nor denied by best guess record for domain of enginnv@server1.lotusproxy.com) smtp.mail=enginnv@server1.lotusproxy.com
>>>Received: from enginnv by server1.lotusproxy.com with local (Exim 4.82)
   (envelope-from <enginnv@server1.lotusproxy.com>)<<<
   id 1WQJHU-001bXz-NL
   for @gmail.com; Wed, 19 Mar 2014 09:23:52 -0700
To: @gmail.com
Subject: Anonymous and Ready bitcoin webhost - Bitcoin cloud mining
From: btcwebhost.com <webmaster@btcwebhost.com>
MIME-Version: 1.0
Content-Type: text/plain
Content-Transfer-Encoding: 8bit
Message-Id: <E1WQJHU-001bXz-NL@server1.lotusproxy.com>
Date: Wed, 19 Mar 2014 09:23:52 -0700
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X-Get-Message-Sender-Via: server1.lotusproxy.com: authenticated_id: enginnv/only user confirmed/virtual account not confirmed

Hello, we come here to offer to your our services at http://www.btcwebhost.com

We offer professional webhost services, make a lookup at our site btcwebhost.com

Each new member will get a bonus balance of $10, there you can test our services.

Our hosts are all protected by ddos attacks and our service is fully anonymous.

Thanks
Van Han Peter
btcwebhost.com

the site stole me coins well before any of this stuff ever happened.

I cashed out about a month and a half ago and never got the btc, and the makebtc account was 0.

RIP makeBTC; a few players made some money and a lot of players lost money; the owner is probably still on the forum!! Very annoying

So some people actually made profit?

The very early depositors that cashed out
They made 1-3BTC max each when they could have make way more by going all out

I lost a few cBTC it isn't that bad

People will never learn with these pyramids. They always end up the same.

What is a cBTC?

centibitcoins