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A really superbly designed bitcoin game. Players get a 110% return. The game is automated and uses a first in first out system. The game does not horde btc, only collects enough to pay out investors.

THe game is still new so i doubt the creator is going to ponzi on 0.3 btc. Invest any amount from 0.01 btc to even 0.1 btc if your feeling good.

Don't invest big amounts like 1btc yet because the game is still new.

www.thebitcoinponzi.com (http://www.thebitcoinponzi.com)

Here's a list of current investors
http://www.thebitcoinponzi.com/transactions (http://www.thebitcoinponzi.com/transactions)

and a blockchains view of all transactions to the address which shows players are being paid out.
https://blockchain.info/address/1PonziWp56tyUGNcoDz5aV3M3xLrnU86ot (https://blockchain.info/address/1PonziWp56tyUGNcoDz5aV3M3xLrnU86ot)

The last investor won't get a 110% return, so the title is false advertising ( as always when it comes to ponzis  ::) )

there's always one sucker who doesn't get 110%

This screams scam? 

7 Days since last payout?  They have more than enough money in the bank to pay back the investor....Only 1 payout in 7 days....waiting for more....?


Don't do this!

Hey folks! The reason the game has been standing still for a while is because there were 3 random "big" investments one after the other 19 days ago (0.3 BTC, 0.1 BTC and 0.1BTC). After that, the transactions have been a lot smaller, which is why they have been taken some time to get paid out.

The 0.3 transaction has finally received his 0.33 BTC payout though, so it should be a little smoother from here once the two 0.1 BTCs are cleared as well!

We will soon implement a feature so that if someone send a high amount to early on in the game, we send back the money instead of having it delay future transactions.

Enjoy the game!

Just say its a pyramid schema with 110% return target and make it simple to readers.

Again, again, and again.
Ponzi covered by ...
Don't be ashamed to say it's ponzi.

it's called thebitcoinponzi

how much clearer should it be?

Cant believe people are still falling for this.

is this a ponzi scheme?

Stay away from this..I shouldn't have to say it but I want to make sure.

No payments in over 2 weeks.  Plenty of funds to still pay the people currently waiting....Obvious Ponzi, DO NOT DO THIS

"Obvious ponzi?"

I think you mean obvious scam. Yes - it's obvious that it's a ponzi too, but nobody
is denying that. However he's not paying, because he took the funds himself. :)

Errr...you do realize Ponzi = Scam correct?  And someone above you 3 posts above, they asked if it was a ponzi....so just was helping people out.

usually if you know it's a ponzi and you invest why would it be a scam?

you know what you're getting yourself into

it becomes scam if the owner keeps the funds for himself instead of paying

A ponzi is a scam, by defintion.  What you don't realize is most of the Ponzi I have seen aren't keeping any money(they usually aren't) They take a small transaction fee per transaction so they get a few here and there.  The problem is people stop investing because they see people aren't getting paid out, the ponzi owner doesn't have any money, Its just the  bank ran out of money

Look:  200% ponzi return(THIS IS NO Transaction fee) Which doesn't happen

Person 1 Deposits 1BTC  - Bank = 1BTC
Person 2 Deposits 2BTC   - Bank has 3BTC, pays Person 1 1BTC, Bank now has 1BTC
Person 3 Deposits 2BTC - Bank has 3BTC, not enough to pay person 2 yet.
Person 4 Deposits 8BTC - Bank has 11BTC, Pays person 2 & 3 4BTC each Bank has 3BTC
Person 5 Deposits 1BTC - Bank has 4BTC
Person 6 Deposits 1BTC - Bank has 5BTC
Person 7 Deposits 1BTC - Bank has 6BTC
Person 8 Deposits 1BTC - Bank has 7BTC
Person 9 Deposits 1BTC - Bank has 8BTC
Person 10 Deposits 1BTC - Bank has 9BTC
Person 11 Deposits 7BTC - Bank has 16BTC  Pays out Person 5 at 16BTC-Bank has 0BTC
No one deposits because payouts are taking too long

In this example, only 4 people got paid, and 7 didn't, the bank wound up with 0BTC.  Now would you call this a scam or not?  This is usually what happens to most Ponzis, or they are left with say very little BTC and they do keep it waiting for others to deposit..

yeah, I know how ponzis work

but this way you could call gambling a scam too

if you know it's a ponzi

it's up to you to decide if you're going to try your luck

You need to know early birds get it all, it's a skilled and lucky contest

No, a ponzi isn't a scam until he stops paying out EVEN THOUGH there are still investors. If he doesn't pay because the stream of investors stop - it's not a scam, everyone has entered knowing the terms and that the last person won't get paid.

exactly!

but only if the investers know it's a ponzi

if they're claiming it isn't then it's a scam..

any form of frauludent activity makes the website a scam..

ponzi that doesn't pay on time = theft! :p

so when does this ponzi going to collapse, you going let me know right?  ;)

I thought it was pretty clear that this is indeed a Ponzi scheme, but it seems like some people in this thread need it to be clear:

YES. THIS IS A PONZI SCHEME. Early adopters are rewarded (if the game continues), and some people will get burned.

This is why you should obviously not "invest" big amounts in the game. It's just plain stupid. I seriously couldn't believe my eyes when I saw 0.5 BTC and 0.1 BTC transactions coming in. I would never put in that huge amounts myself.  :P

You should treat the website as a fun thing to show your friends, and just enjoy the fact that this type of entertainment if actually possible within the Bitcoin community.  :)

I agree that the title of this thread is misleading though. I did not create this thread and would prefer if the author changed it. But obviously, there is absolutely no guarantee whatsoever that you will win 110% every time.

Some people have been lucky though! Peace out!

Well, it's going to collapse anytime anyway.

if you're an early adopter it's okay..

look at JustBeenPaid [ProfitClicking], it's lasted a year and a half I think

if you invested a bunch of money in the beginning you would get everything back ;)

"Early adopters are rewarded": what every ponzi says to get people to join.

but it's true

The first join will get 110%
the last join won't get any

too risky  :(


there are already lot people join
you won't get any if you join now

Is there a deadline until the round ends and a new one starts?