You forget the temporal component, silly Theb...

Income = 10% today
Expenses = 50% in 2-4 weeks

Obviously when growth plateaus and expenses surpass income, the ponzi collapses.

If you can make one input virtual, couldn't you make any of them virtual?  There are two scenarios to consider - active and unique.   I don't need a fingerprint as proof of uniqueness - that would be overkill.  I don't see any members having the experience to draw clients that would need unique verification for at least a few months, so better things to discuss now.


Bots evolve too.    I'm sure their creators would have added that feature once server masters started detecting them. 

If a member is only being paid per task, there is no justification for harassing them outside of the task assignment.  This is something you can do as you work on other activities.

https://www.cnn.com/style/article/utah-monolith-art-trnd/index.html

Obviously a joke, but the image is actually from the Satisfactory game that I play. 

Discussion thread continued from project announcement...

Club Crypto (Website in development)

I'm still working out the exact prices so I can compensate fairly while staying within budget of the kinds of tasks that will be done.  Payment will be on a logarithmic scale based on subject/task experience.

It's not possible to pay an hourly rate without verification that is expensive, high bandwidth and unpopular.   When you wish to work, you'll put in a "bid" for so many tasks an hour.  When the system queue determines it can support you, you will go online.  You can take limited breaks but you must respond to tasks within a few seconds.  The simplest tasks should take just a moment - depending on your input, processing and output speed.  Tasks that require any other skills other than basic ones will be paid more.

Of course we reserve the right to add new verification methods that pay more, or are required by partners (i.e. test takers).  No member will lose money or available services for new verification requirements. 

We are planning to release a unique NFCT based on historical attributes to use in our first crypto gaming tournament.  This game genre has hundreds of thousands of potential new bitcoin users!  The profits from this game will be used to "buffer" the payments so that non-income tasks can be generated for testing, housekeeping, etc.  NFCT adoption will increase the amount of micro workers we can have working at once.

Membership is 95 cents per year (0.000 052 Bitcoin) and this fee is used for private blockchain costs so members do not have to pay a per-transaction fee (transaction or gas).  This membership will be a legal relationship between you and the club - not with me.  Membership will be invite only to start - make sure you sign up for the email notification (bottom of front page) if you are interested!

^^ Upset with me cause I'm holding him accountable.   He admits he returned only 1% (insurance fund) and LOST 99% of his investors money.

As for everything else, he is speaking from experience and doesn't understand that I won't be recording deposits in a spreadsheet like he did.   

I'll lock this thread and make another self moderated.   

This is a good example of why people are shy of crypto.

Man lies, costs millions of dollars in damages, receives no penalty. 

Compare that to this case:  Chradams pulls out of deal after researching scammer OGNasty.  Costs Rmcdermott927 a few pennies in damages, but he receives a flag and negative trust from the scamming duo.

You haven't solved any problems.  :/

I'll save everyone the time of reading your white paper - it contains the same kind of talk as your responses.  Vague, known statements and ideas with no proof.

I have an idea for a coin that will feed the entire world.  Each coin gives you a ration of food and water for a day.  <<-- this is my whitepaper.

My coin is superior to yours - can we move the fundraising over?

https://bpip.org/TrustLog

Seems to be a lot of changes recently.

Do you guys by chance have a graph showing number of changes per period?

I've never scammed.   The last major project OG started lost 99% of funds.  :/

(I've been busting scams for thirty years. I guess that's not a decade.)

Aaaaaaand, he was never heard from again.

You're calling me a liar when I've spent as decade exposing scams like this?

You talk about proof of payment - where?   All I see is a link to a few transactions that may just be you moving money around.  Where do your members list their addresses?

I can.   Start by reducing the size of your images by around 90%.  Google how to do that, and when you are done, we can give you more advice. 

I'm talking about the upcoming real estate bubble collapse.  Historically the economy rebounds nicely after a pandemic as there are a lot less people.  

In the US alone, an estimated 30–40 million people could be at risk of eviction in the next several months.  Too many houses/commercial properties and not enough renters.
https://www.aspeninstitute.org/blog-posts/the-covid-19-eviction-crisis-an-estimated-30-40-million-people-in-america-are-at-risk/

Why ask questions like this?   We've told you why your idea will not work.

Don't do this - house prices are going to plummet in a few months across the world and you will never recoup that investment.

Well I hope it's legit, cause that's a big boost for Decentralized Finance! 

I wonder what the NFL takes from that for licensing.

Where is the license agreement, anyway?

I reviewed your white paper quickly.  No new technology.  No new ideas.

Basically, you want people to burn bitcoins and ethereum, and get your token for doing so.   

Your token will go up in price as bitcoin and ethereum become scarce.

Am I right?

The club pays everything in crypto.  To avoid unnecessary expenses such as gas or transaction fees, we use a private blockchain.  Our token is called the savat - Secure Anonymous Verifiable Automation Token.  One savat is minted for every bitcoin we hold, and you can instantly trade savat for btc 1:1 24 hours a day.  Due to a planned minting system, savat should trade for more than btc during growth cycles, since savat is the only token allowed on the platform. 

The club will publish a tax record for each crypto address you do business on - it is up to you what you do with this info, as we do not associate accounts with PII.

Once we have launched, the budget for a web master is about 0.03 btc a month ($500 USD).  Until the launch, the web master will be compensated with ten profit shares, which should bring in about 0.0011/month each, and increase over time.   The final budget will be finished within two weeks, at which time I'll have numbers more closely tied to the market.

I program in C#, although that should not matter to a designer.   The designer needs to make it work with the IPB software, and I have a Syncfusion license. 

As for what I expect?  Modern, Responsive and Professional.  That's why I do not want to hire anyone until I can see the type of work they do. 

So what is this "pay" word?  How am I not risking the $10 which I send you?