Bitcoin Forum

Provably fair?
And explain your "user"

Of course - all details will be posted here and on the site when the results are drawn.

I dont want to reveal my code, but winners will be chosen at random based on transaction hash (which will be available to see here; http://big.ponzicoin.co/entries.php) using PHP's array_rand.

What do you mean by "And explain your "user""?

Edit - Nevermind, didn't read properly..

But what happens if there is many big winners and the total deposits is too little to give them 150%?

The return on investment was 150% in that example, of course it could be greater or less depending on
1) how many deposits are made
2) how much is deposited
3) which deposits win

It's a dynamic variable.

However, the 75% of deposits which are drawn as "winners" are guaranteed to get more than their initial deposit(s) back!

Yeah, and how are you willing to make this 100% fair ? We need someone trusted to check if your 'method' of extracting the winners is fair-play.
If you don't really randomize the winners, you could deposit from 5-10 addresses of yours and claim they won and the rest lost :) .


P.S: Don't want to say this is a guaranteed scam, but as an eventual player , i want to make sure everything is cool before.

This

How would you like it proven?

Transaction hashes will be available on the site once deposits begin, these will be pushed into an array and using PHP's rand_array the lucky winners will be chosen at random. The system is fully automated so I will have no input in choosing the winners. I guess I could generate some fake deposits, but that would be pretty obvious in the entries page, and when the final wallet balance is lower than it should be...

Without revealing the source code - which I have spent far too much time on to just give it away, I'm not sure how else I can prove it.

In both my other threads I have processed nearly 200BTC. Hopefully that goes some way to prove my honesty.

As promised guys - you can play hours before the game is released to the public - deposit now to 1K2bzAxUoLvz15QkdNNw3s4pDGVj3qFESR

Good luck everyone!

So i can send now no problem or

Yeah, address is accepting players now. It will be announced on the site later tonight :)

Ill be the first one to play i guess...

Good choice - be sure to spread the word ;) More players = more fun!

I started it...

And your entry is showing :)

http://big.ponzicoin.co/entries.php

Is there minimum deposit amount?

No limits, deposit as much as you want as many times as you want ;)

Sent 0.005BTC :), lets see what happens.

Good luck! More deposits = more chance of winning ;)

So if I send 10x0.001BTC I won more likely than sending 1x0.01BTC?

Pump Pump Pump! Let's get this party started for tonight!

Yes, but your overall winnings would remain the same, it would be x times 0.1BTC

Well, I did not get it but whatever :D

Imagine there was a total of 8 deposits, and you sent 2x of those at a total of 0.01BTC.

If one of your deposits was chosen as a winner, you would win n times 0.01BTC.

The percentage that you will actually win depends on how many transactions are made and how much those transactions are but it will be more than 100% return.

Playing with 0.05  ::)

0.03, you just covered my investment bro who donated 0.05, thanks!

49 hours until the draw - pump pump pump!

And what is the house take % for running this 'game'?

I say WRONG.

If you bet 10 times, then statistically you will lose 2.5 of those. The return on the other 7.5 will be so small, it won't cover those lost 2.5.

You are better off going in once and hoping its in the 75% group. But why do this for an unknown return when you can bet on 75% odds on trusted sites like JD and PD.

Do your own math boys. The example given in op is an extreme - it won't happen that way.

Not wanting to rain on anyone's parade. But this game makes no sense. Not unless each deposit amount is fixed to be the same.

np :)

But we need more people gamble ^^

so for now two people sent 0.005
And two people sent 0.03 and 0.05
it would be funny if those 2 who sent 0.005 shares the 0.08 LOL

It´s running 48 hours , there will be more deposits ;)

"You are better off going in once and hoping its in the 75% group."

Yeah i was thinking like that, just hope my 0.05BTC is in the 75% Group.

Let´s gamble  ;D

I'm going in 100,000 times for 1 satoshi each time.

I will lose a heck of a lot of those satoshi's - but i am practically guaranteed of winning everyone else's bets. Easy money.

lol - just joking. But with 'no limits on number of bets and amount per bet' this is theoretically possible.

No offense but this is shaping up to be the SMALL one.

4 deposits until now  :o not even play with 0.005?

guys come on deposit don't be selfish. Put an add on mini and regular ponzicoin please

People not even play with 0.005 , everybody no money  ::)

I deposited

Can someone confirm that it doesn't matter to be first or last depositing since it is a random draw to determine winners?

Totally random!

Totally random, 75% of depositers get nice profit, 25% will lose as if understand it right  :D


Really don´t understand why ppl not play this Lottery even with small amounts!
Let´s gooo  :P

If the 0.05 guy is the 25%, we will all be rich ;)

Only a few hours left - invest while you can!

I did play but it is totally random, there is no skills involved so it is less fun

We have to trust OP that the winners are randomly picked

No offence Vort, but this was a pile of crap. You really needed to advertise this on both the mini and standard ponzicoin sites, and especially the forums. Put a list of all of your other ponzis on each of your ponzicoin forum topics.

dont deposit, its a scam> he ran

he ran with what? there are only a few deposits

When is the draw?

Supposed to be about an hour ago, but he ran away with all the money. I have contacted the authorities tho

He scammed this little 0.09 BTC from this BIG One ?  ;D

Well, this was first and last time i play this. People like him make me sad when he is really a scammer, it´s a laughable one

Think he called it the bIG One in hope he gets as much as he can but then, why he did not advertise this well???

Is it actually the case that nobody saw this coming?
Hmmmm

No, i not saw this coming.

I was reading in another thread he is refunding and not run away with little 0.09 BTC from this  Lottery

My deposit was 0.05BTC andi think i will get it back. Why not? I´m not that rich, he would f.u.c.k the wrong person here

https://blockchain.info/pl/tx/531e7c40506cdb499e7c6219d960c8cf76f32a67d4132d73e161473e6e5c3c19

Please see PonziCoin thread for full details.

Got refund right now  :)

Nettobetrag: +0.05 BTC
Transaktions-ID: 531e7c40506cdb499e7c6219d960c8cf76f32a67d4132d73e161473e6e5c3c19

Got refund of 0.03. Thank you so much vort

I got back my 3 0.01 bets, that is nice!

Vor, I think we can still get the game going, it was going nicely and people were having fun while some were profiting

I knew it ,why should he run with almost nothing.

Makes no sense at all sorry.

Think he is ok, not a fraudster. Just a talented guy who wants we have fun and earn some coins (my guess)

Yes you are right that he is not a fraud.ster, he is talented and knows he can make some money running this but it really looked like he ran away with the money yesterday because he logged off when the round started and the automatic payouts were not sent; he could have ran away with 10BTC I don't call that nothing
I suggested to implement an escrow with someone trusted so we all know we can get our money back in case of problem : https://bitcointalk.org/index.php?topic=474730.msg5631092#msg5631092