Bitcoin Forum

This project was originaly created and maintained by arsenische (https://bitcointalk.org/index.php?action=profile;u=20767) in 2011 but due to lack of time it is changing hands now. The original thread is available at https://bitcointalk.org/index.php?topic=29390.0

This account was created exclusively to manage this project but I have been a bitcointalk member for a long time using my real identity. This other username and my real identity was disclosed to arsenische. He can provide the details if anything bad happens to the project :-)

Here are some features:
- no password or email address needed
- no limitations on hierarchy depth
- no limitations on the size of membership fee (you can start with 0 btc!)
- about a half of deposited money goes to random members
- new members that do not follow referral links become referrals of random members
- automatic payouts when income hits the threshold (0.05 btc currently)
- all the pyramid info is published on the site, daily backups of the whole mysql database are available at http://bitcoinpyramid.com/backups
- due to previous 2 features, there is almost nothing to hack!

It is in beta-stage yet, I will be grateful for any questions, comments and bug reports.

The registration is open again for new members. I will run the payouts manually for a few days to confirm everything is ok before changing it to automatic.

As soon as the migration to the new server is completed we can start discussing ways to improve it and bring more members onboard.

Check our subreddit (https://www.reddit.com/r/BitcoinPyramid) and Twitter (https://twitter.com/btcPyramid).

The identity you talk about can always be faked. No one will trust a ponzi just because you say that.

Ponzi?? If nobody deposit the game is over

This IS a pyramid... i.e. a completely transparent pyramid.... the second oldest one in the Bitcoin world.... but it is also an advertising platform... you can get paid for the ads.... your odds of getting paid from ads or new users depends on your level of participation... in that sense it is a controlled gamble....

A Gamble.... so stop throwing out words like 'ponzi'. A ponzi is NOT TRANSPARENT.... you can literally follow the money on this site all the way back to the beginning.... you know it all... where it comes in, how it is distributed, where it goes out.... it is a pyramid... not a ponzi....

And unlike most pyramids it is also an advertising engine.....

got about 0.5 btc in the cash out process.  i'll put some back in, when the server migration is done.

Will wait for more information.

That's called a ponzi I guess.
How will the members that do not follow referral link become referrals of random users? Wouldn't that be cheating?

If refferal random is good, is transparance.

Is this use pyramid scheme / ponzi scheme
Anyway, both of them are very dangerous

And become refferal to someone random is pretty unfair, i think

Dangerous? In what sense? Like betting that Seattle might win the superbowl?

It's 'gambling'.... that is all it is....

Open, transparent, exactly what it seems/is....

It has been online for 4 years....

Unfortunately I wasn't very clear on my comment. What I meant is that I have another account here for a long time. I use my real identity in that account and have plenty of recommendations from other members who know me.

I agree this might bring doubts, but as you can see most of the income is sent to members as soon as possible and only values below the limit stay in my possession... there isn't much to be stolen.


Actually the pyramid has also an advertising platform which brings income to the members as long as we have a good public reaching our site.
Every advertise has also two addresses which allow everyone to pay to improve visibility or reduce visibility for the ad... resources spent doing this are also shared among members.
There is also an "special" ad (http://bitcoinpyramid.com/ads/1) which users can promote in order to avoid advertises.



Thanks for helping with the doubts of newcomers.

Everyone should consider this being a game, we are not promising turning members rich overnight. The rules are clear about how it works (although they can change a little in the future to attract new users).


Great, this way you improve your odds to receive other payments while keeping the site active. Thanks!!



I hope you like what you see... Please don't hesitate in asking question or making suggestions.



Every member has to become someone else's referral. This way people reaching the site without a referral are referred to one of the existing members.

But I would be glad to hear suggestions about any other way this could be done.



Thanks.

What do you suggest to make it fair ?


We have setup twitter account and a subreddit. Please help to promote it as it helps everybody.

A ponzi by any other name would smell as sweet.  :P

got some payouts, I went to check and saw that registration is open again
and I opened a new position
http://bitcoinpyramid.com/r/17351[1] 

Now that you own the code for BitcoinPyramid consider starting a brand new Pyramid...

DogecoinPyramid

Or perhaps some other altcoin... we could have a vote...

I think Doge would be a good choice as people are more apt to 'spend' Doge than almost any other crypto....

Also you could announce to us in this thread as well as on the BitcoinPyramid site itself as a way to give us a head start before going even more public with it....

That's a great idea to promote our site. I know doge has a great community and it would be a good choice as I don't feel like adding every altcoin out there would be a good idea (too much work for too little advertisement). I will open a pool in order to hear other members' opinion.

In the following days I will need to setup new deposit addresses for current members (anyone who had address generated prior to migration). This is required to avoid problems with these addresses being held also on the old wallet.

The way I plan to do it is generating the new addresses and updating the database replacing the old one for the new one. After this, anyone is strongly advised to start using the new address instead of the old one.

I will write a small script which will be watching the old addresses and moving any bitcoins received for the new addresses and will run it for a few weeks.

I would like to hear from anyone who cannot change the deposit address.

Thanks

I'd vouch that doge would be good too.

I have many positions on the pyramid that pay into other positions.... I also have many positions that pay into old dead exchanges.... so I am looking forward to a new alt coin one so I can begin again and do it properly.... WITH MY OWN WALLETS.... The bitcoinpyramid is becoming a lost cause for me because I was dumb and stupid when I first signed up....

DOGE would be very good that nine ninja game do DOGE and people like!!

saw this back in  2012 but did not join. just registered a new account and hope to get some free random btc later.

1. Game with the threshold 0.1 BTC is too expensive.
2. An advertising in the Pyramid must be have the property aging

3. Maybe create new Pyramid with POS currency? Novacoin for example.

dogecoin would be good for use as a alt because it has a lot of users

I also used a few deposit addresses as withdraw addresses, and some ad addresses as withdraw addresses. mostly in the member 700-800 range

also opticbit.com is now opticbit.org for some of the ads.  My domain thief recently lowered request from $1000 to $100 i might by it back.

Doge is the best alt coin for a second pyramid.... most DOGE users spend that coin... and are willing to gamble with it....

Having lots of activity on a new Pyramid will make it more interesting as well...

Also people could use https://freedoge.co.in/ to fill up their positions rather easily.... in other words people who don't even HAVE any Doge can participate right away.....

I bet even though Doge is completely 'worthless' compared to a BTC the extra activity will make DogeCoinPyramid a really fun game...

So again I vote Doge...

( Perhaps LTC? I am not sure if there are as many LTC users but it is an idea as well... )

Not sure about Stellar... are people spending that yet? Or just hoarding it?

it looks like Doge has won. I will have intermitent internet access during the next couple weeks which will make difficult to implement it soon, but doge will be the coin used on our new pyramid.

I checked and I can replace the withdraw addresses also for these particular cases... The only thing that will be "strange" is if someone check the backups they will notice the change... but I can leave a note about what happened.

I dont need any addresses changed. I have the private keys for the ones that count.

Admin pls. PM

At least someone here will tell me if the game is over? Please.
Admin, or someone? Thank you

It has been over 12 hours and nothing posted to my account Member ID = #18662
Withdrawal Address:   15HV8xSDGnCV3HWggY3qNUi41ZACjKo5jf
Deposit Address:   1B9zd2r8eoCGxV2F31d9K9rTTmtsjRzDc why and please correct or send me my money back.

Same here, but more than 72 hours... and no response  ???

Sorry for the trouble guys. I was in a place without internet access and the script which proccess the deposits run into an issue. All pending deposits were processed earlier today.

Why there are no withdrawals after 2015-02-12 08:51:36? Do withdrawals work?

Imho this game is over. I have number #18615 and in their stats is - Pyramid Size: 17797 members.
Unfortunately I put there money in the belief of invest somewhere else
it's a shame.

I deposited .01 on my deposit address and it has yet to be credited to my account here is the transaction ID:

Tx: cd4a30ad3fd576c08bd9c46738e02ada48bcceec47cba04137cc7559ee379e99

How long does it take to show on my account?

 I'm surprised I still have some little revenues from this game ). It's been 4 years I've joined and my ROI is insane  :).

It is nice to see your comment. I am a little busy lately but I do have some plans to implement in order to make things more dynamic.

I've joined last year, no revenue from this pyramid... yet. :P

same to me,join too but not get paid and he run with my money
ponzi

Hey, found this today and sent some BTC... Great script, but my referral link isn't working.. I've used multiple devices and even a [Suspicious link removed] address for it and it's still defaulting to a random #519 sponsor instead if mine.

Is there a way around this? As I stated, I've used multiple devices so cookies won't be why it's doing it

deposits not processing.

Same here.  I was supossed to get a withdrawal on the 2016-04-18, but it hasn't been processed yet (http://bitcoinpyramid.com/withdrawal/9696).  It says "Withdrawals not found. It may take several hours until they to appear.", but I don't think that delay is reasonable.  Is anybody taking care of the pyramid functioing or is it abandoned?

Did you buy this account?

Howdy!

I must admit that bitcoinpyramid has been running by itself for a while since I am not being able to give it the attention required... I have a lot of ideas to implement but no little time (or is it the priority thing?) to deal with it.

Later today I will check what is happening, it seems the last withdraw was #9693. Could you please send me your member id or one of the addresses (deposit/withdraw) ?

Hey, sorry for the lack of communication... I will check it later today.

Hello guys,

I checked the application and the deposits were being processed normally already. I am facing an issue with the pending withdrawals and this will take a little longer to solve.

There are currently 7 pending withdrawals (W9694 to W9700) and as soon as I have this figured out they will be sent.

on the site wrote - threshold: 0.05000000 BTC
Why ?

Ok, seeing as most of these posts are from well before the community action to throttle ponzi threads any posts going forward from this point are fair game for tagging with negative trust.

Public Service Announcement -
This is just another Ponzi/Pyramid Scam
Do Not Invest!

Those who choose to post of their participation
support or encouragement for this scam will
be tagged with negative trust for proving
they wish to help the scammers operate this
Ponzi in return for a share of the funds stolen
from other users. Thereby proving they are not
trustworthy forum members.

YOU HAVE BEEN WARNED!

Thanks for pointing this out... The limit has been increased in the past mainly for two reasons:
1. Half of the withdrawal is sent to the sponsor reducing the real transfer;
2. Fewer active users were causing most of the transfers be to a single member making it difficult to broadcast since the inputs are usually of a small amount. This way at least we can have more destinations on a single transaction

I am fixing the announcement to reflect the correct information

Ok, we have sorted out the issue with the withdrawals and I will process them in the next couple days. What had happened was that the old addresses (before I started managing bitcoinpyramid) were still present in arsenische's bitcoin wallet and some of the deposits were spent there.

We identified which were these transactions and also removed this wallet so it shouldn't happen again. Eventually I will need to figure out a way to restart the database as we have very few active members and many addresses' private keys have been lost by the owners. Right now I am thinking about a way to validate active addresses (for example asking for a signed message from the address) and hold the funds for addresses that aren't validated. I would appreciate any thoughts or suggestions about this.

Good news

Herbalife is not a pyramid, as long as they sell 80%+ to end users.

must me bitcoinpyramid is also ok, as long as 80% goes to the ad section.

/s

this is the newest user

http://bitcoinpyramid.com/member/21646

stats show
Pyramid Size: 20703 members