Bitcoin Forum

Do these things work? I have seen ppl posting happy responses, but I'm wary of these, even though the amounts are small.

I'm referring to things liks http://bitcoinduit.com/game/viewRound.php?id=High_Roller
And  http://rand.bitcat.ch/?ref=54

What are your experiences with these?

They do work, but they are pyramid schemes. You win if people enter after you. Last people entering will loose.

There are so many of them now I wouldn't even bother.

They work pretty well, but only if you get in early! Chances are if someone if referring you it is too late. That being said its a good way to get started with bitcoins!

Alright, well, I just tossed some coin at this

http://bitcoinduit.com/game/viewRound.php?id=Insomnia

come on aboard then : ))

Hey, that one's mine!  :D

I like the pyramids better than random number generators since there is some skill involved in guessing how people will behave. Human nature being as unpredictable as it is, however...

Nice little site there. Do you have any other works?

Sorry, didn't mean to imply that Bitcoinduit was mine, just the Round "Insomnia" that TheHumanatee linked to. That one expired, BTW, but Insomnia_2 (http://bitcoinduit.com/game/viewRound.php?id=Insomnia_2) is just starting!

Aren't the RNGs more pyramid like than the bitcoinduit ones, which IMO are more like Ponzi schemes (you get payed with other investor's money rather than referal based towers)?

Any pyramid or ponzi scheme will have a negative expected return on the investment for the majority of investors*.


*Victims (or suckers) are perhaps more appropriate words.

I don't understand why bitcoin people talks about Ponzi and Pyramids as something good.  ???

Works great if you promote. Make sure you arent the last. If its consistently growing as bitcat.ch is then there is no fear of loss. My method works great. I have several accounts, all verified, references of each other. Therefore increasing my chances of grabbing random referrals. Increasing my chances of taking the jackpot. & increasing my income as well as paying myself back for initial investments. I have over 18 accounts verified all branched off each other. Now by only round 2 of being in it I have made back my investment & am guaranteed to make more in the rounds to come. I will be set with a consistent flow of BTC trickling in through each account  as well as increase my income by adding more accounts as time goes on. Just know that you cant earn a referral for an account until it is verified. So you need to start with 1 & expand gradually. Ideally if we all work together we all help each other get paid. That being said I hope to see you all there. Heres my LINK:

http://rand.bitcat.ch/?ref=83

HappY TravelS

-MR. CranE-

Here's a fun one.  Only 3 in so far!  Chance to earn 150% of your initial deposit.

http://bitcoinduit.com/game/viewRound.php?id=Half_double

I want to reinvest :) Give me an incentive to do so.

For the majority of investments any pyramid or ponzi scheme with less than 2x payout will have a positive actual return though. Expected or actual, you choose.

http://bitcoinduit.com/game/viewRound.php?id=THE_Jackpot

Someone wanna pop in there and help a brother out?
: )

Agreed. Pyramid schemes, as they proliferate they're going to eventually collapse beneath their own weight. Although, it does move BTC around. :)

Well, I doubt that's in the spirit of the game...

The spirit of my game is profit :)

Not when the guy that runs Bitcat.ch sees that you're gaming the fuck out of his well-intentioned system.

bitcat.ch guys gonna make his $ either way, no?


This round worked out nicely for me :)

http://bitcoinduit.com/game/viewRound.php?id=THE_Jackpot

I believe the primary reason that people who run these sorts of services discourage this behavior is because their potential customers see others doing it and rightly believe that their chances of success are reduced. The resulting culture of system gaming leads to a swifter collapse of the Ponzi scheme and the system itself and its promoter gets a bad reputation.  8)