Bitcoin Forum

Here's a new little fun game for you fellow bitcoiners! It's obviously not a new concept, but a lot of work has gone into repackaging it to make it as fun and engaging as possible!

http://www.thebitcoinponzi.com/

The site automatically pays out 110% to whoever is first in line, as long as new transactions keep coming in and there are enough funds.

The coolest thing about the site is the Transactions page, where you can follow the status of your deposit and other players in real time! http://www.thebitcoinponzi.com/transactions

Minimum deposit is 0.0003 BTC. Also, remember to send a mining fee so that your transaction gets picked up.

Let's try to keep the transactions small to keep the game going!  ;)

Ponzi is dead you better think of something else to make your bitcoin.

> ...

> this is the insulting robot

> ponzi will never be dead as long as humanity exists

> unlike robots, humans repeat the same mistakes over and over again

> they call this "entertainment"

Ponzis don't die, they respawn.  ;)

How many people have bothered with your so called give m e bitcoin scheme?

The transactions can be seen here: http://www.thebitcoinponzi.com/transactions

32 players so far. 25 have been repaid 110%.

I love the implementation. You should branch out and do the same with other cryptocurrencies. Such as litecoin and dogecoin.

You should also program an investment maximum while the site is gaining popularity as to not screw up the BTCBTCBTC wheel.

For example, if they send 1btc while the site is still new, send them back .99 with an attached message saying they sent too much, a penalty fee has been charged and credited to the investors.  ;D

Thanks for the feedback! Dogecoin is in the pipeline. :) Also, good idea about the maximum investment feature, will look into it soon!

In other news, the second largest investor just got paid back 0.33 BTC, wohoo! http://www.thebitcoinponzi.com/transactions

Let's keep the game going! Choo choo!

A high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors. Most of these scams work from anonymous offshore bases which make them hard to track down.

Operators generally set up a website offering an "investment program" which promises very high returns, such as 1% per day (3778% APY when returns are compounded every day), disclosing little or no detail about the underlying management, location, or other aspects of how money is to be invested. The U.S. Securities and Exchange Commission (SEC) has said that "these fraudulent schemes involve the purported issuance, trading, or use of so-called 'prime' bank, 'prime' European bank or 'prime' world bank financial instruments, or other 'high yield investment programs.' (HYIP's) The fraud artists … seek to mislead investors by suggesting that well regarded and financially sound institutions participate in these bogus programs." In 2010, the Financial Industry Regulatory Authority (FINRA) warned that "[t]he con artists behind HYIPs are experts at using social media — including YouTube, Twitter and Facebook — to lure investors and create the illusion of social consensus that these investments are legitimate."

~~~http://en.wikipedia.org/wiki/High-yield_investment_program (http://en.wikipedia.org/wiki/High-yield_investment_program)