Bitcoin Forum

Ponzi.io (http://ponzi.io)
A Bitcoin social experiment

We are trying out a social+economic experiment.
Send money to 1ponziUjuCVdB167ZmTWH48AURW1vE64q and get 1.2x back (minimum deposit 0.001 BTC).
Your payout is funded by the people who deposit after you.

For more info, go to http://ponzi.io (http://ponzi.io)

Hahaha
nice one :D
But I will not send!

Will watch this to see how it will go!

I think this is a pretty bad idea for investors and Mr. Ponzi. don't get caught by an angry investor. you haven't even activated whois protection, so I would take it down ASAP.

if this would have been done using an anonymous DNS registrar or torservice, then I would be more impressed. I think Mr. Ponzi is running a pretty high risk in terms of "investors" and police.

would be interesting to know how this is being treated legally. clearly its not honest, as payout is said to be "guaranteed". you could have done this as a charity if this would have really been an experiment. for example by picking a balance at random when the money goes to X.

omg  really? are you stupid or what.. a ponzi squeme. its a BIG BUBBLE  this guy must be banned this never will work this is clear math.. the lasts ones are those that loose if not new customers NO money and the piramid colappse

I've started my own social experiment - If you think that this person intends to take the money and run...then give him negative feedback.  He's make his intentions clear...make your intentions clear with him.

Depending on where you are located, I would take down that site immediately and run. Ponzi-schemes are illegal in most countries (even if disguised as a 'social experiment') and people DO go to jail for stuff like you are doing right now. You will have a hard time trying to defend yourself in front of a court by stating "but it was just an experiment".

I see his transaction feed is empty!
I hope it stays that way an no one spends his BTC with his "experiment"

This is most probably illegal, my advice is to take it down.

I had a nice laugh, thank you for that. xD

Guys calm down. He even calls it a ponzi.

I remember bitcoinduit.

It was a site where everyone could start his own ponzi. You set a min and max deposit. How many percent profit each deposit gets, how many percent profit you make from each deposit, a jackpot, where you could put coins into that the very last investor gets and how many percent of each invest get into the jackpot.

The trick was to choose all the settings and the bait right, to keep your ponzi going long enough for you to make back the jackpot bait while not set your profit and early investor provits so high that to few risk it.

All was open and clear (you could see every BTC Transaction and all settings) and a lot of fun.

*Although, note that this is still a loosing game. Like ever "investment" like this.

If I send 0.1BTC and then another person sends 0.001BTC will I get 0.12BTC ?

If you send 0.100, that creates a pool of 0.1000 - and you're at the top, because no one else is in the pool yet, so yes, when others put their money in, you technically will get a payout of 0.12BTC - at least until the site gets 'hacked' or 'loses the BTC wallet' or whatever.

It's not really a Ponzi scheme. A 'true' Ponzi scheme is where people are tricked into believing their money is being invested, and that they are being paid a return. In fact, the new people are paying off the early investors - until it eventually crashes. But hey, it makes for good press, haha.

It's basically like a gambling game, except you know if you get in early, you'll win, while the later in the game you start, the more likely you are to lose out. In gambling, unless you get lucky, you're always going to lose, because the odds are stacked against you.

Poker, by the way, is not considered gambling (it's just like a Ponzi scheme - all of the people who don't know how to play end up losing their money): http://www.henrybuell.com/gaming-legislation-makes-poker-history/

Calm down people, it's gambling not a scam!
One of the most legit ponzi site never ever seen...

Interesting to look at
https://blockchain.info/address/1ponziUjuCVdB167ZmTWH48AURW1vE64q