Bitcoin Forum

Is it safe to invest?

Are the last ones gonna get their monies? I guess this game is a hurry-up-to-get-in!

I'M IN!

First people already got paid 47 hours to go!

Getting good reviews on reddit!
http://www.reddit.com/r/litecoin/comments/214gih/ltc_ponzi_just_made_20_on_my_ltc/

Ponzi is not safe lol. Also operators can hide anytime.

Operators of any exchange / service / store can stop as well but its probably more profitable to keep it running then to just grab the pot once.

People are still getting paid in the previous http://ponzidoge.com/

Judging by your post time you probably one of the winners!

New round starting in 3 Hours! Be Ready

New ROUND is great success! Almost 60 sends within the first hour. Just started 1 hour ago.

Ponzi would have to be the most misused term on this forum, well its good that this game uses the term properly ;)

Fun idea for a game if the operator is legit (being able to keep an eye on the block explorer as the game progresses is a good sign).

Planning on improving gamification. Need some ideas for making sure that everyone has a fair chance to win and consequent multiple deposits will not discourage the game.

yes you have to look at ways to keep players playing after the initial instant deposits, maybe a jackpot prize for the ones who don't get the 120% return? prizes for say the last 5 depositors?

also I'd reduce the ltc from 30 otherwise alot build up at the start, say 10 ltc sounds more reasonable, or staggered like say 1ltc max deposit first hour, 10ltc the second hour etc

just random ideas :)

and who says we don't need rules here ?

now scammers are posting what they themselves call Ponzi schemes WHICH ARE ILLEGAL

just when you think the bar can't get any lower we sink even lower..

Kelsey lol
don't give em idea on how to run their scam better ahhahaaa

Thanks for support and ideas. Will give some thought to your max/deposit per hour.... its pretty cool.. I just think that the bot people can do a multisend of 10x1LTC

So here are new things implemented as of now.
1. Last recorded deposit gets a 250% percent return.
2. Captcha will be shown for first few minutes to give everyone a fair chance!

1. Very lucky person #48 got paid out of order for a bug we already fixed. We sent these coins back from our own balance before the end... please go to http://ltcponzi.com to verify.


2. #39 Got paid ahead of #38 because it was enough balance and it was recorded at exactly the same time according to epochtime of the tx so it was fair game
database maybe we should show epoch time in the future so people are clear.
https://i.imgur.com/FRelGp0.png

3. AntiBot measures for next time with CAPTCHA

4. End of round game was great success with a guy getting 250% win... from 5.8LTC to 14.5LTC

Starts in less then 1 hour

THE CAPTCHA is installed to give people a fair chance but if we see less people playing then we will remove it! :)

http://ltcponzi.com

This round should be NUTS, lots of twitter activity!

New round within an hour!

New 30 Minute rounds starting tonight.

7 DAY LONG PONZO GAME starting in less then 30 minutes!

A ponzi scheme is illegal because investors don't know they are being scammed and the interested recieved is out of others deposits (not the operator successfully making profits).

This is a GAME every player knows the game, knows where the money comes from, knows they can make 20% or lose it all, so no one bets more then they can lose.

I've played several rounds and have been paid the 20% profit each time  ;D

x2

I won and I lost, but no one pays 10 0 20% without any risk;-)

Do not play unless you are ready to lose.

Translation :-(

this one runs for a whole week, maybe change that in the OP  :)

now I know there's a 30 ltc cap, so I guess to start you're not suppose to do multiple 30 ltc deposits, but is it ok once you've been paid to submit more ltc in that round (especially if there are rounds that go for 7 days) ?

fixed

There is no way we can stop "multisend" or multiple consecutive amounts so the limit exists as a warning to new players.
We know for a fact people play several times with 30LTC and sometimes one right after another or with multisend, there is no real way to stop it so it is allowed.

me thinks 7 days was too long  8)

Nice we are going to do 24 hour blitz ones like before... had to to try different models to make sure ;)

Slow start tonight needs a big finish with a promotoion ... can be easy wins!

 ;) Is there really someone trust 'such games'?

We ran 10 rounds with LTCponzi.com and ponzidoge.com transparency is on the blockchain people loose if they are not fast or if there is no next investors but we keep it honest and transparent.

We changed the payout of Litecoin (110%) to improve winning chances and to have more people coming back

http://ponzidoge.com starts in 3 hours
http://ltcponzi.com starts in 4 hours

Good Luck!

Can someone else post to http://www.reddit.com/r/litecoin

LTC Ponzi - round10 - game of get in quick!
http://ltcponzi.com/?round10

Good JOB guys someone did it!

http://www.reddit.com/r/litecoin/comments/23efsm/ltcponzi_round_10/

Now need upvotes!

how about if the round doesnt get 30 players then you pay them out to 100% from the 5%/+30/too late pool.

and ditch the 200% at the end, unless it never comes out of the general pool.

Hey thanks for the input.

Not sure what this means "100% from the 5%/+30/too late pool."

If the game is under 5 players we cancel it and refund everybody minus the transaction fee which is .001.


What we did is lower the minimum to 3LTC and the 110% for returns this way out of 100 equal players 85 will win!

We are also going to run this for 14days just to give everyone a fair shot! Lets hope it works!

Need help with upvotes for the PonziDoge
http://www.reddit.com/r/CryptoCurrency/comments/23joed/ponzidoge_the_saga_lives/


and need someone to post a link to this thread on reddit!
https://bitcointalk.org/index.php?topic=526625.0

err if my deposit shows up in the address but not on the players list have I lost my ltc?

Had a freak bug due to limits changed.... thanks for bring it up all fixed!
The power of the BLOCKCHAIN!

And again we apologize for the inconvenience. We tried to improve the game with limits changing and that is what caused a bug. Luckily it is all verifiable by bloc chain so your deposit is safe in its original order and there is plenty of time to get paid.

No problem! Thanks for the response! Don't mind losing (it's a gamble) but not to a bug a in the system. My amount is up. Thanks again.

There is plenty of time to win. And we are also doing new advertising. With new limits more people will be winning!

I think there's still a ton of interest in LTC ponzi.  But everyone is waiting to see what you do next and how everyone responds.

• put ltc back to 120%
• put cap back to 30
• remove 200% at the end
• put clock back to 24 hours
• if less than 25 players within 8 hours

          * cancel game
          * pay confirmed players back via some insurance fund
          * restart game at next 24 hour mark

• leave game alone.  even if it takes a few days to get going again.

Thanks for the advice and I am glad people are interested.
I can follow most of your suggestions except the:
-> Less then 25 players in 8 hours cancel game <-We would have to wait for 8 hours to start payouts... otherwise how can it be canceled  and refund people.

I would be glad to to get rid of 200% bonus as it is a liability for us.

Insurance fund is doable... but I have seen ponzies with insurance fund  that run out of players as well.

I am also open to selling the game + domain to someone who can run it / promote it better.

It requires alot of promotion and thick skin :)

BTW did you see http://btcpile.com

The correct terminology for this scam is PYRAMID scheme, not Ponzi, since it is stated that newer people will pay older people rather than claiming to have a great investment such as selling the latest technology of pink hoverboards à la Back to the Future.

Correction: This is some sort of hybrid Ponzi/Pyramid scheme, a Ponziamid or Pyramonzi

Well a return is not promised so it's not a true Ponzi, since you tell people they can lose all their money. In a true Ponzi scheme the nature of the scam is hidden from investors. But you have called it a Ponzi game, so the meaning is a bit blurred. Whether it is legal or not I am unsure but it's not exactly high on the moral chart  :-\ It definitely goes against the purported aim of most of the cryptocurrency community although I realize that is a complete joke  ;D
http://legal-dictionary.thefreedictionary.com/Ponzi+Scheme (http://legal-dictionary.thefreedictionary.com/Ponzi+Scheme)

When does the next round start? I don't want to just assume it's like the others and starts 30 minutes after this one ends,.

SO CRAZY, CHECK OUT THIS THREAD ABOUT THE DEVELOPER WHO IS RIPPING PEOPLE 

TLDR
- poncrypto WRITES GAME TO SCAM LAST MINUTE
- RIPS PEOPLE TRIES TO SELL IT
- TRIES TO BRIBE PEOPLE TO NOT LEAK INFO
- MESSAGES POSTED
- THREATS
- poncrypto RIPS PEOPLE OFF

I  PLAYED THIS GAME A FEW TIMES BUT ITS THE LAST SINCE I REALIZE HOW HE DOES IT
https://bitcointalk.org/index.php?topic=588027.60

6 PAGES OF DRAMAH!

BEST POST
https://bitcointalk.org/index.php?topic=588027.msg6574648#msg6574648

TLDR

New account just trying to ruin business. Check sig these guys are following me everywhere.

Report their threads if you play the game and you know we are legit!

like above said. game is a scam and dev is a tool...he only cares bout taking your coins outside the rules the game implies. avoid at all costs.

No proof, just one of the many foot soldiers of Canadas Biggest Stalker and troll (Check sig). Guy never lost anything just trying to ruin the game.

i like the game and didn't miss one payout yet :) To all the "scam-shouters": read the rules before you play :)