Bitcoin Forum

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seriously ?

a bitcoin chain letter ?

think you jumped the gun logging in your clone 20 minutes later with no other posts between them.

lol @ already at 3.

It's a get rich (not so) quick pyramid scheme that requests money or other items of value and promise a substantial return to the participants.

and you would log in clones in an effort to add legitimacy to the con.

because you (and your clones) are the first in line you get the money, because people would soon realize its a con then participation would cease.

It prays on the poor, the gullible, and the simple-minded.

Just sent all my coins lol. Here goes nothing

So You're going to sit there forever updating that spreadsheet?

When does the game end Maverick?

im sooooooooooooooooooooooooooooo not playing this one anymore

Much better  ;D

Just sent 0.6, hope I get it back!  Come on guys, this is still the beginning, so you won't have to wait days to get your payment back! :)

I'm in game  ;)

Yeah, I was actually kinda panicking, looks like it didn't get sent to the network for a little while

I'm in  :)!

Show must go on  ;D

sent 5 btc

Sent 0.05

You made me reach  :).

Second in line! Keep joining guys! :D

I am also in...  ;D

I sent some just to test it out, will reply when a payment is received.

Q. Does the system pay people out in the order that they sent their coins, or does it pay out the lowest "owing" before paying the people who sent in larger amounts regardless of the order in which your server received the btc?

Just sent another 1.20BTC, this is awesome!  Get in while it's early!

Will re-deposit my winnings as soon as they're received, with my small amount of bitcoins it's a great way to make some more so I can finally DO more.

waiting 4 payout)

Why not, just threw in 2 BTC.

It's still running. Very cool! 8) As it is only reseted after 7 days of inactivity, this game could run for months...  :o

Yep, but it will fall further and further behind on payouts.

Sent 2 BTC.. I don't like the looks of this 'game' but whatever..

Sent 1 BTC :)

sent 1.5 btc waiting for 3 to return  :)

Yeah, why not? It gets some BTC moving around and is pretty transparent.

Sent 0.115

bet .5 :D *crosses fingers*

You've just changed the rules after you were sent money. Isn't that fraud?

Or do you intend to return the BTC (like mine) you got under false pretences instead of just pocketing them?

I'd be willing to help out running it if the game is still going when you have to go on hiatus.

Great.

well you are only away a few days at time, no internet at all during that time?

either way, if you need someone to take over I'll volunteer, Its my real job to be available online any time theres an issue, so nothing new there.

Extremely happy with my withdrawal.)))) can i deposit again?

A similar game... (if gambling is legal where you live)...

In a crowded place, lay 10 dollar bills on a table. Say to everyone that whoever lays the last dollar bill on this pile, after nobody has layed any money for 1 minute, gets the whole pile.

Of course in the end they beat you half to death when they find you or your friend brought a bag full of 1 dollar bills.

Best not to play negative sum games, or zero sum biased against you.

Glad to hear you got it sorted out, Thanks OP!

Just wanna say, thanks Jordoss for running such an open and transparent game.  It's been a lot of fun!

Don't see my deposit for 2 BTC on the spreadsheet :/

Client says 06/22/2011 00:23.

Hey Madof how's prison going?

this is very odd... Sent my whole balance of 0.03 btc less 0.0005 transaction fee to 1HrFjc5Mpz5agn8dk6LDF98V8sxDrWvUqY.


7 hours later I get 0.0295 BTC returned?

Can't find anything that matches an address of mine - this is all I see:

https://i.imgur.com/iH9ST.png

Looks like contributions are still flowing in, though gradually.

Since the game runs until there's no deposit for 7 consecutive days, this game could live a long time!

sent 1 btc

It's been stuck attempting to fill the pot for those 6 and 7 BTC payouts for a couple of days now, damn the rich greedy bastards that made those deposits ( I say that in endearment)......

Yeah seriously lol who puts that much into this thing. I doubt anyone's going to want to despoit into it now seeing as there's a giant deposit that won't likely be filled, therefore everyone who despoits infront of them will likely not get a payout

Wait, you mean the people who got in first win, the guy who runs it wins, and everyone else loses? I'm *shocked*.

Hey, those of you who still haven't gotten paid out, when it gets close to ending, you might want to deposit the minimum. There's a new supply of suckers all the time.

Looks like Jordoss is back and updated the spreadsheet.  Some decent contributions are still trickling in.

I can't believe this forums allows literal pyramid schemes.  What is wrong with you idiots?

What wrong with pyramid schemes? Everyone  knows how they works, so, it's the same as other gambling, games, lotteries etc...

Those of you who hate on pyramid/ponzi schemes are hypocrites if you also hold a "Social Security number" or any equivalent.

 +1 

good one, I need to remember that.

So you'd rather the forum engage in outright censorship?

Don't like 'em, don't join 'em.  But DO NOT tell me how to spend my BTC.

At least bitcoins and bitcoin related ponzi schemes are very clearly VOLUNTARY.

I've had a Social Security number chasing me around pretty much since I was born, and I certainly didn't ask for it!

I'm of two minds on the ethics of bitcoin pyramid games, see http://forum.bitcoin.org/index.php?topic=20939.0 for more on that.

What's so cool about this game is that Jordoss runs an 'honest pyramid' that's completely transparent.  You can see all the transactions, all the winners, all the losers.  There's no deception involved, everybody knows that the people on the bottom will enrich the people on the top.

And unlike every other pyramid game on this forum, this one could go on a looooooong time.  It only stops when there are no deposits for 7 straight days, and the deposits are still coming in.

It's been cheap entertainment for me at least.

Thanks Jordoss for running a straight game!

If it was me with the 6.66 and 7.77 deposits, I would get tired of waiting and simply pay in the balance needed to cover the payouts and fees. Then I would have made *some* profit.

Similarly for later depositors. I will do it when it gets up to my turn. If everyone does that, then the only loss is Jordoss' fee and cut etc., rather than losing the whole damn lot.

But I'm not about to pay to get my money back, more or less, until the others before me pay. It should be clear by now that no-one new is likely to make a killing, apart from the early adopters (sound familiar? :)).

Seriously, an upper limit should have been placed so that it's less likely to stop.

Yes, if you happen to know how to contact any of the people waiting for a payout, tell them how to avoid losing all their money. As I described above. The 6.66 and 7.77 guy to begin with!

Great! My previous ideas about paying in more money were silly. Guess I hadn't had enough coffee or something. The scheme would work for the 6.66 guy, but not for anyone that had none of their payout covered.

So you're saying that this scheme wouldn't work for anyone that puts in their risk amount after someone else? You're saying this scheme wouldn't work for anyone that this PYRAMID scheme wouldn't work for? Really? /sarcasm

I think i'll put a little in hoping for the next guy to put some in. That's basically all the risk there is.

because this game dies only after 7 days from the last deposit, i have a feeling this game will go for a LOOONG time. with infinite time, this means that EVERYONE WILL GET THE PAY OUT NO MATTER WHAT. the time it takes may be a very long time though.

so everyone should play this one :)

lol

I ran a game like this, went for about 10-11 days.

well this has been going for 18 days already, 22 days assuming someone deposits today. which they should.. cause then i will =)

Looks like the game is still alive, with deposits dribbling in.  Jordoss is out through July 16, so the spreadsheet won't be updated until then.  Check blockexplorer to see the latest.

http://blockexplorer.com/address/1HrFjc5Mpz5agn8dk6LDF98V8sxDrWvUqY (http://blockexplorer.com/address/1HrFjc5Mpz5agn8dk6LDF98V8sxDrWvUqY)

To accelerate this, I'll offer to match up to 1 BTC a day for the next week.

If you deposit 1 BTC, I'll deposit 1 BTC, rinse and repeat.  Let's help each other out.

Someone just deposited 0.2, and I matched that with another 0.2.

The spreadsheet isn't being updated since Jordoss is gone through July 16, so check block explorer:

http://blockexplorer.com/address/1HrFjc5Mpz5agn8dk6LDF98V8sxDrWvUqY (http://blockexplorer.com/address/1HrFjc5Mpz5agn8dk6LDF98V8sxDrWvUqY)

I'll continue to match all deposits up to 1.0 BTC per day for the next week to accelerate the game.

Awesome ... someone deposited 1.0 BTC yesterday.  I just matched it with another 1.0 BTC.

This game doesn't stop until there are no deposits for 7 days.  Let's keep it going and help each other out!

I'm matching up to 1.0 BTC per day.

The deposits are rolling in.  Someone deposited 1.20 BTC an hour ago, and I just matched it.

That would be me  ;D

New deposits of 0.08 and 0.50, I just matched both of them.

im tempted to jump in, but with that 7.77 deposit holding back a lot of the other deposits, I am put off from doing so.

After all, it has been close to a month of people depositing, and the Pot is barely above half of what Mr 7.77 would get as a payout.

Here comes another 0.50 deposit, and I matched it with 0.50.

So now it makes a bit of sense. I almost was at awe that every time I make a deposit, someone matched. Well there is some more bit change I tossed in there anyways.

Yes, I'm matching new deposits this week to get the game moving again.

I see two new deposits for 0.30 and 0.06, and I matched them.

Another 0.40 came in last night and I matched it with 0.40.

Good man Bittycoin! Keep this thing alive.

Someone just droped .6

Thanks shakaru, I didn't notice that.

I'll match the 0.60 later today when I have access to my wallet.

OK, I just sent 0.60 to match somebody's deposit from yesterday.

I'm matching up to 1.00 btc per day to keep this game going.

King Of The Mountain just started it's weekly round just over an hour ago.  You guys know the importance of getting in early.  Look at the data from the previous round (link on the left side) - most player got in on day 2.   That means if you get in now you WILL GET PAID.

round goes for 1 week.  (timer on the top of page is broken)  Started 1.5 hours ago.  GO GO Go!

http://bitcoinsurf.net/kingofthemountain/


(sorry for the spam)

Depends. This matching deposits trick could work. Take me, for example. I have deposits of 3, 2, 1 BTC all together a little further down the chain. At the moment they are a write-off for me. If all of them paid out, I'd get 12 BTC. It's worthwhile me investing a further 11 BTC in the game, say, provided I get that 12 BTC payout. I'd probably lose out on the 11 extra BTC, but I would still make 1 BTC "profit" on the exchange.

Just did a little test of 0.05. Lets see how long it takes to get a pay back.
Hope it is fast.

I just matched the 0.05.

There was also another deposit for 0.10, so I matched that too.

I matched your 0.15 with my own 0.15.

I started matching new deposits back on July 12, and said I'd do it for a week.  That week is long past, and I'm leaving for vacation so won't be able to keep up with this.

So for the next 24 hours I'll match up to 1.0 BTC in new deposits to keep the game alive.  After this time, I won't be able to match anymore.

Jordoss will be back on August 1, so the spreadsheet won't be updated until then.  Use Block Explorer instead.

Let's help each other out!