That is the correct answer. Best of luck with your venture, although I would remind people that, as with any centralised service you send bitcoin to, there is always the possibility of it shutting down in the future and running off with your money.

You're supposed to provide an encrypted seed algorithm for the round about to be played. That way it can be viewed afterwards to ensure that the grid 'hits and misses' are pre-determined correctly. After the round the player can decrypt the seed to view whether the 'hits and misses' they encountered were the same ones as were supposed to occur.

Simply stating it as being a 'percentage' win or loss is insufficient to declare it as being provably honest.

Oh QS, you *really* need to have your meds reviewed. Either that or start actually taking them as you're supposed to.


Apart from the fact Dooglus wasn't shilling for either the ponzi or the script, it hardly sounds anything like the sort of promotional sales pitch that ponzi-script sellers post

"Hey everyone, I gotta ponzi script for sale. It is full of bugs and I would not recommend using it on a live site as it is an accident waiting to happen!"

Tagging people with negative ratings is about communicating to members whether somebody has behaved in a way which proves them to be dishonest. The evidence you have presented so far suggests quite the opposite about Dooglus. But don't let that stop you obsessing about it some more, which you will.

Not when they explicitly prohibit the specific structure you are operating and promoting.


No, QS, I would prefer if you didn't take any deposits at all for your illegal ponzi scheme and just shut it down before you, or your co-conspirators, get in serious trouble with it. Offering to gamble with their deposits is just digging yourself in deeper, you know, what with you being a US resident.

Provably fair requires that you prove it, not simply say it.

Trouble is, Homero has already incriminated himself on the securities issue:

http://blogs.wsj.com/moneybeat/2014/12/01/bitbeat-under-fire-gaw-miners-ceo-garza-takes-on-his-critics/

So he can't possibly plead ignorance on the subject of whether he knowingly issued an illegal security.

Please explain how you claim it can be provably fair?

Indeed. That is the first thing which comes to my mind. I have, however, reconsidered the PSA warning given the fact that the structure of this scheme doesn't actually need to be a ponzi in order to work and could reasonably function the way it has been described.

It appears, at this time anyway, to be a straight bet of one group of 'higher' gamblers against the other 'lower' group.

OP, what if you have bets for only one side, how do you handle the situation if nobody has bet the other way?

You have presented opinion, I have presented evidence AND you keep ignoring the cold hard fact that by your own admission, as a US resident, you are promoting an illegal ponzi operation. So, on the basis that it is illegal and your denial of that fact won't make it any less illegal your participants, if they are fully informed, are co-conspirators not 'investors'.

aaaaaand there we have it. Gotta love a good reveal!

See, here's the thing QS-Jr, or should we just go with QS? I've previously been accused of either being Dooglus or being a patsy for Dooglus but we do actually have differing views on some issues. He considers a Ponzi which operates as a fully-disclosed Ponzi as not being dishonest, I disagree and I have explained in detail why. He explained why he believed an 'Honest' Ponzi scheme operated by a US resident would not necessarily be illegal and not only do I disagree on that matter, I have explained why he is incorrect to believe so.

I am also more than able to source further citations if needed to more fully explain why it is illegal across the entire United States of America, where you already admit you reside, for anyone to operate a ponzi, be it promoted as such, or not. I have no reason to believe Dooglus would be grossly offended by being provided evidence which shows his belief to be mistaken.

But, then, the *whole* point of this tedious sock-puppet account exercise of yours was to try and dream up a way for you to create a Ponzi you knew Dooglus wouldn't necessarily oppose so that my tagging of its participants would, in your feverish imagination, set Dooglus and I against each other!!!!!!1!1!!!1!!! This would bring the whole DT system crashing to its knees etc. etc. and so forth.

It would be clever, if it weren't just so very very dumb.

Blackcoin's PoS v3

Both coins will be on that codebase.

Sure, yeah, sounds like you've got an awesome grasp of criminal law. Good luck with that.

Big red text is usually recognised the world over as being a warning. I need not explain to them how a ponzi works, I need only post my warning in your thread to alert them to the dangers of the illegal ponzi you are promoting (you did say you are in the US, btw).


It isn't my interpretation, it is the fucking law. Nowhere in the US is it legal to operate a scheme which relies on new participants sending money in so that earlier participants can be paid.

Denying the fact that you are attempting to promote and operate an illegal financial scheme in a country which specifically prohibits such does not permit you to continue as though it doesn't matter. Inviting people to send money to your scheme, having informed them that it is a Ponzi, an explicitly illegal operation in your jurisdiction, means that they are not participants, they are collaborators.

Yeah they do, you lying scumbag.


Your Ponzi cannot guarantee they can double their deposit without you stealing it from later users, which requires you to find even more users to steal from to cover those.

Which part of that process sounds sustainable and something you can guarantee?

Seems some people need reminding that an old ponzi is still a ponzi:

Public Service Announcement -
This is just another Ponzi 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!

Says the guy who is desperately trying to find some other fool to send in some money because he probably already has and is going to lose it.