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21  Other / Meta / Re: Regarding Ponzi Sites -- Requesting some attention (not another section thread) on: January 13, 2015, 01:41:23 PM
@OP You are only half right. You are trying to argue that a ponzi can be legitimate. A ponzi, by definition, cannot be legitimate.

Quote
A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors to create the false appearance that investors are profiting from a legitimate business.

Problem is, you are calling yourself a ponzi when you aren't.

SEC isn't likely to be so enlightened though, so don't be surprised when they bust down your door.
I would like to know, what would we should call our program?
I doubt the SEC will confront us as we clearly state people can lose their money therefor this isn't a scam nor is it fraud.

You obviously did not read the thread at all, thanks for proving that to everyone.
1. My site makes more from fees than what it possibly can scamming (max in wallet is 1.95BTC at a time)
2. The goal is not to run away with the money. Since the site is instant and there is no incline in our balance at all, it's not a confidence scam or anything like that.

You're wrong, sorry.

I've no idea what type of service you run and you provided no information about it in this thread. If you're not running a ponzi, then don't call yourself a ponzi and people might not call you a scammer. Not exactly rocket science is it?

No, you're not understanding what we do.
We run a ponzi GAME. We clearly state it is a gamble and take a 4% fee for the game (just like a house edge).
What happens is people deposit their BTC and the first person who invested gets paid the second persons funds ect. We offer 130% (1.3x your deposit) per "bet"
Example:
Person A sends .1BTC
Person B sends .2BTC
Person A gets paid .13BTC as promised instantly, most scams make you wait
Wallet is now at .07BTC
Person B will get paid when more deposits make the wallet reach .26BTC

This cycle continues until the round ends. Rounds are set at specific end times.
Those who remain unpaid at the end of the round lose.

It's a gamble just like any other site.

A Ponzi scheme would do this but not have a set end date and would wait until they collect a large amount of funds and run off. It is not possible for us to do this as the site is 100% automatic, so it isn't possible for us to do if.
22  Economy / Investor-based games / Re: NextPonzi.com | 2 AUTO Ponzi Games | 130% Weekly, 120% 48hr | 45+BTC INVESTED on: January 13, 2015, 01:30:02 PM
All misplaced transactions are being inserted now.
I'll post when it is done.

In the meantime, all deposits will be accurate. the bug has been fixed
23  Economy / Investor-based games / Re: NextPonzi.com | 2 AUTO Ponzi Games | 130% Weekly, 120% 48hr | 45+BTC INVESTED on: January 13, 2015, 01:22:34 PM
Deposits are out of order in the 48 hour game i deposited two times in a row and one of my deposits is almost on the end of the list please fix this OP



https://blockchain.info/nl/tx/2504623c36ff2df2b78cf460f7876e7a6332a00d5457a5aa8e09eac83e86382e

https://blockchain.info/nl/tx/1269a16b5a33771734dbacff1e537b5259f372a3189ae0db1ff198a3149632f7

soon we will collect them from la la land and they will be @ nextponzi where they belong.
I am truly sorry for the wait, but we haven't forgotten you all. We guarantee your spot back where you belong in the queue as soon as we work out how to stop this bug.
The issue are the TX timezones, which is what we are trying to fix.
The dev is online, and he is working it all out now.

You sure this site is auto? Test your site before releasing it. I've said this on countless ponzi threads and I'll say it again. People shouldn't be able to handle others' money if they can't set up and maintain a site correctly. It's just not the right thing to do.

Yes, check the blockchain yourself. Doing 10-20 transactions in seconds isn't possible by hand. We are just encountering some time zone bugs. If you can help us overcome these, then you're more than welcome to help. If you can't, then don't budge posting.
24  Economy / Investor-based games / Re: NextPonzi.com | 2 AUTO Ponzi Games | 130% Weekly, 120% 48hr | 45+BTC INVESTED on: January 13, 2015, 01:15:51 PM
Deposits are out of order in the 48 hour game i deposited two times in a row and one of my deposits is almost on the end of the list please fix this OP



https://blockchain.info/nl/tx/2504623c36ff2df2b78cf460f7876e7a6332a00d5457a5aa8e09eac83e86382e

https://blockchain.info/nl/tx/1269a16b5a33771734dbacff1e537b5259f372a3189ae0db1ff198a3149632f7

soon we will collect them from la la land and they will be @ nextponzi where they belong.
I am truly sorry for the wait, but we haven't forgotten you all. We guarantee your spot back where you belong in the queue as soon as we work out how to stop this bug.
The issue are the TX timezones, which is what we are trying to fix.
The dev is online, and he is working it all out now.
25  Economy / Investor-based games / Re: [50BTC DEPOSITED] NextPonzi.com | 100% Automated Games | INSTANT Payouts 130% on: January 13, 2015, 12:46:46 PM
he is cheating us. look at the https://blockchain.info/address/1NeXTv16ocLvUMYvNjXqkb6b1xMzbeCi2p

he transter btc to 165eovr9NZxrd5vhFSWNoKT4EbA1WTXov8
That was a payout  Roll Eyes
Stop trying to FUD unless you have solid evidence.

165eovr9NZxrd5vhFSWNoKT4EbA1WTXov8 is not even on the game website to be paid out.
Waiting for the dev to come online, I'll question him about what happened. It may have been a payment that wasn't listed on the games homepage.
https://blockchain.info/address/165eovr9NZxrd5vhFSWNoKT4EbA1WTXov8 - we're working out how the address got .1BTC. Seeing if this is a bug, or something that was done.

We have found the cause, and the funds will be back in the site very soon. minor bug, all patched up. All funds that have come from that address are now located here: 1BCFaP5ceztHJtkioF6VoXm8at8ej4Fwwt
These funds will be reinvested until the round ends, and we will make sure that it DOES NOT receive any interest. Anything it makes, will be put back into the program
 
We'll be working on the missing transactions very soon.



You should extend the game reset time by one week and use this week as the test and  debug beta week to make sure system is credible and attract clientele
the Weekly round and the 48 hour round are both considered beta rounds for this week. The next rounds after this shall be flawless I'm sure! We can't go back on our word sadly so we can't extend the rounds.

So since it's beta you're going to refund us right? You already said that when the weekly ponzi failed, that the 48 hours will be flawless. You just keep resetting just to get more money and you aren't even paying back, just unconfirmed transactions.
I said they are considered beta, not they are beta. This isn't a testing site as far as I am concerned people are getting their 130%/120% so why would you get a refund? That's like us asking for all returns back.
The transactions will be confirmed soon, it's not our fault people sent with no fee! We can't control that.
We haven't reset either of the rounds so far, so I don't know what you are talking about when it comes to that regard.

If you found the bug im waiting for my missing payout

Again i'm not the developer. I'm waiting for him to come online and fix the bug. We haven't even been online for 24 hours yet and it's as if we've made you wait a week.
Be patient, you are getting paid!
26  Economy / Investor-based games / Re: [50BTC DEPOSITED] NextPonzi.com | 100% Automated Games | INSTANT Payouts 130% on: January 13, 2015, 12:40:34 PM
he is cheating us. look at the https://blockchain.info/address/1NeXTv16ocLvUMYvNjXqkb6b1xMzbeCi2p

he transter btc to 165eovr9NZxrd5vhFSWNoKT4EbA1WTXov8
That was a payout  Roll Eyes
Stop trying to FUD unless you have solid evidence.

165eovr9NZxrd5vhFSWNoKT4EbA1WTXov8 is not even on the game website to be paid out.
Waiting for the dev to come online, I'll question him about what happened. It may have been a payment that wasn't listed on the games homepage.
https://blockchain.info/address/165eovr9NZxrd5vhFSWNoKT4EbA1WTXov8 - we're working out how the address got .1BTC. Seeing if this is a bug, or something that was done.

We have found the cause, and the funds will be back in the site very soon. minor bug, all patched up. All funds that have come from that address are now located here: 1BCFaP5ceztHJtkioF6VoXm8at8ej4Fwwt
These funds will be reinvested until the round ends, and we will make sure that it DOES NOT receive any interest. Anything it makes, will be put back into the program
 
We'll be working on the missing transactions very soon.



You should extend the game reset time by one week and use this week as the test and  debug beta week to make sure system is credible and attract clientele
the Weekly round and the 48 hour round are both considered beta rounds for this week. The next rounds after this shall be flawless I'm sure! We can't go back on our word sadly so we can't extend the rounds.

does this one really pay?
IT does, once you get a transaction on the blockchain you have to wait for the earlier transactions to payout, then once yours is next you'll get paid. With 5 days left there's no doubt in my mind that you will.

Or he could do the 48 hour, the payouts are moving pretty quic.

Also to NextPonzi, is there any chance of raising the profit percent as on the 48hr version as it is slightly more of a risk imo for less of a payout. That may also help get more people investing.

The reason why it's 120% is because it is a shorter round. You can get paid in a lot faster succession hence more profit on your end. We won't be changing this. We may adjust the minimums and maximums on both rounds in the future though.
27  Economy / Investor-based games / Re: [50BTC DEPOSITED] NextPonzi.com | 100% Automated Games | INSTANT Payouts 130% on: January 13, 2015, 12:29:33 PM
I think my issues should be put as top priority since I was the 17th investor (only 2BTC into the game and now more than 33 BTC was invested and I have no payments this is fucked) on the original game, but have yet to be paid due to these bugs. I'm pretty sure I was the first to report an error as well.
Like I said I'm not the developer, he isn't online yet. He'll resolve it as soon as he is online Smiley

i dont invest anymore...he pays some guy out which never invest, he has a bug and paid the guys after his confirm and not after payin.
It was a payout bug:
https://blockchain.info/tx/a7912032e5374b01c5b1d8fa59a9a975f1f8ea57a83b9542b8b7aa7383390ce5
https://blockchain.info/tx/79883e8814c83cf6f2bf5fdcb63d51686a54ea2a34a3c55a58047ca58023ff7b

Both invested, and will continue to be invested until both rounds are over which will assist in speeding up both rounds and will make the end loss for investors smaller

Thank you so much for pointing it out, or else funds would have been in limbo.
28  Economy / Investor-based games / Re: [50BTC DEPOSITED] NextPonzi.com | 100% Automated Games | INSTANT Payouts 130% on: January 13, 2015, 12:06:44 PM
he is cheating us. look at the https://blockchain.info/address/1NeXTv16ocLvUMYvNjXqkb6b1xMzbeCi2p

he transter btc to 165eovr9NZxrd5vhFSWNoKT4EbA1WTXov8
That was a payout  Roll Eyes
Stop trying to FUD unless you have solid evidence.

165eovr9NZxrd5vhFSWNoKT4EbA1WTXov8 is not even on the game website to be paid out.
Waiting for the dev to come online, I'll question him about what happened. It may have been a payment that wasn't listed on the games homepage.
https://blockchain.info/address/165eovr9NZxrd5vhFSWNoKT4EbA1WTXov8 - we're working out how the address got .1BTC. Seeing if this is a bug, or something that was done.

We have found the cause, and the funds will be back in the site very soon. minor bug, all patched up. All funds that have come from that address are now located here: 1BCFaP5ceztHJtkioF6VoXm8at8ej4Fwwt
These funds will be reinvested until the round ends, and we will make sure that it DOES NOT receive any interest. Anything it makes, will be put back into the program
 
We'll be working on the missing transactions very soon.
29  Economy / Investor-based games / Re: [50BTC DEPOSITED] NextPonzi.com | 100% Automated Games | INSTANT Payouts 130% on: January 13, 2015, 11:59:39 AM
he is cheating us. look at the https://blockchain.info/address/1NeXTv16ocLvUMYvNjXqkb6b1xMzbeCi2p

he transter btc to 165eovr9NZxrd5vhFSWNoKT4EbA1WTXov8
That was a payout  Roll Eyes
Stop trying to FUD unless you have solid evidence.
30  Economy / Investor-based games / Re: [50BTC DEPOSITED] NextPonzi.com | 100% Automated Games | INSTANT Payouts 130% on: January 13, 2015, 11:48:51 AM
I want to notify you all NextPonzi is shared between two owners of the site. I am the partial owner I don't do any of the coding. I've been online for around 12 hours now, the developer is about to take over in less than a few hours. That is why these problems have not yet been 100% resolved in a while, because I don't have the knowledge to patch everything up.

Please bear with us. We aren't even 24 hours old yet, we're doing the best we can to give you all the best possible experience of the game Smiley
GMT time again to match the sever update you performed last night.

Confirmed Time            TXID                                                                                                            AMT

w8 Transaction (only 1 missing)
17:00                           a9565ff9b64e011ac48458f8206d829ca538cef1db195c1b6526f03b08a9a82c     0.47

Parazonium Transactions(4 missing)
17:24                           7c71bbf7029efd6e4ab24dc7901187844bb8ed9e04fb972c32cff51e3f0ca1fa       0.6
17:24                           f9d45e279cacb152c5198680777f69ad232385b0bdedda892fc1155b3cb97fa7    0.5
17:24                           1fde6df09a3e32fd4600f91ad5cbdf76206829f818c6ea9251bd0dbca7faef7b       0.5
17:24                           1ecb83473ec78f2e3c82e6b02da57af0b54d17a20733bf40288294cd04b7d2be   0.5

You placed these at the wrong times, you fixed someone else's that brought it to your attention 9 hours after I notified you of the issues in PM and on the old forums.

Here is where you placed them in the game which is 5 hours after they should have been paid, but you give me the run around with "we're" working on fixes. I'm sorry dude, but editing a timestamp or datetime field in MySQL only takes a minute tops.

12-01 22:24   1Jo1kgTNcuJqizPpZsav74unz1QTnpw2RK   0.5 BTC   0.65 BTC
12-01 22:24   1FNqinDRdRVFRnRd6uF5VoPBPjJFKJeknK   0.5 BTC   0.65 BTC
12-01 22:24   1NxdNS8RoWtCbHR7Bg3T9Dk7TBrxKeWTg8   0.5 BTC   0.65 BTC   
12-01 22:24   14YUUjRwt2X7cbAgYK4n72R1JikFxCdHca   0.6 BTC   0.78 BTC   
12-01 22:00   1E1xLSfAAewb8NSCz5zfmLnCuuRop9vB84   0.47 BTC   0.611 BTC   
31  Other / Meta / Re: Regarding Ponzi Sites -- Requesting some attention (not another section thread) on: January 13, 2015, 11:42:38 AM
How are you going to separate the SCAMS from the PAYING if you think like this and leave you trust ratings based on this state of mind? You won't. You are causing peoples funds to be robbed just as bad as the scammers who intend on doing so. I highly recommend you rethink that state of mind, or else you are going to cause a lot of people to lose their coins

It doesn't matter whether a ponzi is currently paying out or have already ran away with the money. It's a scam because the goal is to run away with the money.

I label myself as a ponzi, that's how the game works, exactly like a ponzi. I'm not arguing this fact at all.

Then you label yourself a scammer which is fine because that's what you are - a scammer running a ponzi.
You obviously did not read the thread at all, thanks for proving that to everyone.
1. My site makes more from fees than what it possibly can scamming (max in wallet is 1.95BTC at a time)
2. The goal is not to run away with the money. Since the site is instant and there is no incline in our balance at all, it's not a confidence scam or anything like that.

You're wrong, sorry.

I don't care if you are legit, honest, fair, etc. A ponzi is a ponzi and I warn users for that by marking you red. They can always decide, based on posts, if they want to gamble or not. However, I might change the description added to certain Ponzi's.

I am sorry to say that your reasoning is wrong.

Ponzi is a scheme where investors get an illusion from the Ponzi operator that their investments are being used in proper business for their return, whereas in reality they are getting return from new investor's money. Hence this type of investment schemes are destined to fail by defrauding/scamming the investors. For example PBmining.com, Hashie.co, CryptoMine.io etc.

But, when a Ponzi declares itself that it is a Ponzi, then investors are well aware of the fact that the last person investing will not get paid. In this case, every investor knowingly takes the risk of probability that next investor will invest. Hence it gets categorized under gambling. Gambling is a service where people invest their money knowing that most will lose, but some will get high return depending on probabilistic calculation. For example Just-Dice.com, PrimeDice.com, BitDice.me etc.

So, if you believe gambling is scam, then declared ponzis are as well. In that case, you should leave -ve trust on Stunna, Dooglus etc. as well. Otherwise, you should not leave -ve trust on declared ponzis.

Of course, if they are cheating, i.e. not giving the promised return, then it is a different story, e.g. Dicebitco.in, dice.ninja etc.
Exactly right, another point I missed. If you are going to label ponzi's then why haven't you labelled hashie or any current cloud mining scams?
32  Economy / Investor-based games / Re: [50BTC DEPOSITED] NextPonzi.com | 100% Automated Games | INSTANT Payouts 130% on: January 13, 2015, 11:33:02 AM
Ah ok and why idont now get my payout? You have enough deposit. How i gonna know who is before me
It's a small timestamp/confirmation bug as stated time and time again, once dev is online he'll work on it. You'll get an update via PM within 24 hours

tired of no transaction showing up? they say automated but its still lagging?? try a manual ponzi where your tansaction will always be in the right place and you dont miss out.. weekly round just started

https://bitcointalk.org/index.php?topic=923495.0
LOL a manual ponzi
Good luck anyone who tries, update us in 2 days when they run with funds.
Doesn't matter how many bugs we may incur, our site will always beat a manual scam.
33  Economy / Investor-based games / Re: [50BTC DEPOSITED] NextPonzi.com | 100% Automated Games | INSTANT Payouts 130% on: January 13, 2015, 11:26:24 AM
is the weekly nextponzi also fixed?

yes, and there are plenty of time to invest, only 32BTC so far, and 5d 12h left... list is not very long
That's right. As soon as all the confirmations are pushed through, the site activity will be through the roof once again Smiley

is the weekly nextponzi also fixed?

yes, and there are plenty of time to invest, only 32BTC so far, and 5d 12h left... list is not very long

Im not receive my investment. If this is fixed why i dont get it?
Again, the confirmations have not been pulled through. That's not our fault, it's yours.

My? Tell me how many confirmations you need? https://blockchain.info/de/tx/4b0e11cbc8522e9c67acff80e8392161421af57a1b37b1c51bc6461a79d99300

Then it isn't you, it's the people before you without any confirmations. You just need to wait, your payment will be sent so I have no idea why you continually post. You know we had errors with the first few transactions, and we will post when all have been processed or when we have an update. Until then, your posts do not get your BTC to you any faster.


Because of this example https://blockchain.info/de/tx/2a5f605ecae845b01391d38cdcf8353831df7fef750c65b7d076ad42583b4e36


This was deposit is already paid out and was AFTER  me. Tell me im wrong and i shut up

He was most likely confirmed before you.
34  Economy / Investor-based games / Re: [50BTC DEPOSITED] NextPonzi.com | 100% Automated Games | INSTANT Payouts 130% on: January 13, 2015, 11:02:20 AM
is the weekly nextponzi also fixed?

yes, and there are plenty of time to invest, only 32BTC so far, and 5d 12h left... list is not very long
That's right. As soon as all the confirmations are pushed through, the site activity will be through the roof once again Smiley

is the weekly nextponzi also fixed?

yes, and there are plenty of time to invest, only 32BTC so far, and 5d 12h left... list is not very long

Im not receive my investment. If this is fixed why i dont get it?
Again, the confirmations have not been pulled through. That's not our fault, it's yours.

My? Tell me how many confirmations you need? https://blockchain.info/de/tx/4b0e11cbc8522e9c67acff80e8392161421af57a1b37b1c51bc6461a79d99300

Then it isn't you, it's the people before you without any confirmations. You just need to wait, your payment will be sent so I have no idea why you continually post. You know we had errors with the first few transactions, and we will post when all have been processed or when we have an update. Until then, your posts do not get your BTC to you any faster.
35  Other / Meta / Re: Regarding Ponzi Sites -- Requesting some attention (not another section thread) on: January 13, 2015, 10:55:22 AM
And if anyone loses money in a ponzi because they couldn't tell if it was legitimate or not, that's your fault for posting negative trust ratings on every ponzi you see. Some people won't go and dig deep, some will just look and see every single site has -4 and will pick one and hope for the best. I hope you think about that also.
I have warned them it's a ponzi and not trustworthy by putting up a negative rating which turns your trust red. If they ignore that and/or search for a ponzi with the lowest negative trust and gamble their, it's not my problem if they lost their BTC. They have decided to ignore all the warnings and gambled.

You're proving to everyone why you shouldn't be apart of default trust right now. Glad you are showing your true colors to us all that your trust ratings are biased.
If I'm biased because I give negative ratings to all ponzi's, than so be it.

I will keep in my mind what you said and think about it. I might change my opinion.
I hope you do change your opinion. From what I am reading, you think people are as smart as you are. Well the truth is 80% of the people on this forum will not even check trust rating details and will base trust ratings on how small the number is. I'm -17, a new member might be -4/-6 and then the coins have gone to the smaller trust rating and potentially, into the -4's pocket.
I'm urging you leave neutrals on those who are paying out automatically, instantly and legitimately. such as myself. as it is literally IMPOSSIBLE to scam anything more than 1.95btc with my script. I also take my 4% fee which is more than enough to sustain costs and to make profit in the long run. It would be foolish for me to even take 10BTC if I was capable of doing so, as I would make more in say one months time running this site legitimately.

If you want more reasons, I have full ammunition. Right now all I see from you is "i will keep it in mind" or "if its a ponzi hes going red". That does not help the community, nor how i see how it would benefit you.

I want to run this point over you again:
If the whole forum had 0 trust and you weren't allowed to +trust certain members (in this situation, people who +trust or promote ponzi's get red trust) how could you tell who is a scammer and who isn't? You can't. It's impossible and it's biased. Scammers will win, legitimate members will lose.

Take it into consideration, think about it long and hard and get back to us here.

In the meantime I want to see opinions from other Default Trust members.
36  Economy / Investor-based games / Re: [50BTC DEPOSITED] NextPonzi.com | 100% Automated Games | INSTANT Payouts 130% on: January 13, 2015, 10:46:01 AM
is the weekly nextponzi also fixed?

yes, and there are plenty of time to invest, only 32BTC so far, and 5d 12h left... list is not very long
That's right. As soon as all the confirmations are pushed through, the site activity will be through the roof once again Smiley

is the weekly nextponzi also fixed?

yes, and there are plenty of time to invest, only 32BTC so far, and 5d 12h left... list is not very long

Im not receive my investment. If this is fixed why i dont get it?
Again, the confirmations have not been pulled through. That's not our fault, it's yours.
37  Other / Meta / Re: Regarding Ponzi Sites -- Requesting some attention (not another section thread) on: January 13, 2015, 10:39:24 AM
Please see my edited message. Also, if people lose money because they gambled with ponzi's, it's not my fault. It's theirs.
That still does not help anyone out at all. The fact every single ponzi thread will have a negative trust under their name will mean no one will know (unless they dig deep and read descriptions) who is a scam and who isn't.
Again, rethink what you're doing and think about what I am saying. I know you think it's bs that you are being corrected by your nemesis (ponzi games) but you need to think about other people.

I do not want people to lose their coins in scams like everyone is seeing before our eyes, and I'm sure you don't either. So I request that we all reorganise trust ratings and that you start flagging sites that:
1. Hold more than 5BTC at a time
2. Are NOT automatic (whipped together HTML and a transaction logger for the transactions page, a baby can do it)
3. Pay after a certain amount of time (not instant or automatic)
4. Do not pay, obviously this point is to late to take into consideration. First 3 points can easily be distinguished from the first look at their thread or site.

And if anyone loses money in a ponzi because they couldn't tell if it was legitimate or not, that's your fault for posting negative trust ratings on every ponzi you see. Some people won't go and dig deep, some will just look and see every single site has -4 and will pick one and hope for the best. I hope you think about that also. You're proving to everyone why you shouldn't be apart of default trust right now. Glad you are showing your true colors to us all that your trust ratings are biased.
38  Other / Meta / Re: Regarding Ponzi Sites -- Requesting some attention (not another section thread) on: January 13, 2015, 10:32:35 AM
I don't care if you are legit, honest, fair, etc. A ponzi is a ponzi and I warn users for that by marking you red. They can always decide, based on posts, if they want to gamble or not.
You are a perfect example of why this section will not work.

How are you going to separate the SCAMS from the PAYING if you think like this and leave you trust ratings based on this state of mind? You won't. You are causing peoples funds to be robbed just as bad as the scammers who intend on doing so. I highly recommend you rethink that state of mind, or else you are going to cause a lot of people to lose their coins

An honest ponzi is still a ponzi. If you google the word ponzi, the keyword scam shows up in every search. Simply because the whol Ponzi scheme system is flawed, and anyone trying to profit off of it, will "eventually" get scammed off of his coins because you can't afford to pay him out. So you may be honest for now, but when your ponzi will fall apart and you take off with X coins, you will be a scammer. So are all the people hosting ponzis.
I label myself as a ponzi, that's how the game works, exactly like a ponzi. I'm not arguing this fact at all.
39  Other / Meta / Re: Please give another section to ponzis... on: January 13, 2015, 10:26:26 AM
This has come up before. The main issue is that ponzis are very similar to both other gambling sites and real investment sites, so it's difficult to create a category that includes exactly the right things. How about this:

Quote
Investor-based games
Games where the main factor is whether or not new "investors" join the game. Also any Bitcoin-denominated investment product with an APR of 15% or more, which are similarly risky even if they're not actually paying interest using investor deposits.

Would this description cover any real investments or non-ponzi gambling sites? Would it fail to cover any ponzis that have existed in the Bitcoin ecosystem?

Also, are any actual users of the Gambling section irritated by this, or are people just trying to hide this kind of game? Is anyone against the creation of this section?
Most definitely there are people against the whole idea of a ponzi. SOME ponzi's have the ability to store 10's, 100's or 1000's of BTC like cryptodouble did and rob users in the end. The community needs to figure out trust system if you want to make this section work or else no one will know what is legitimate or what is not.
See my thread: https://bitcointalk.org/index.php?topic=923461.msg10135856#msg10135856

I hope that you do make this section, but at the same time organise how you will flag the scams and how you will flag legitimate sites. Just like this forum, if everyone has a negative trust rating here no one will know who is a scammer and who is not. That is EXACTLY the situation this section will go through if all of these biased and default ratings continue.
40  Other / Meta / Regarding Ponzi Sites -- Requesting some attention (not another section thread) on: January 13, 2015, 10:18:33 AM
Hi everyone.
My name is NextPonzi. Yes, I am a Ponzi Game owner and my thread is in the gambling section. My current trust rating is -17 -3 right now and I run a legitimate, paying ponzi program.
I am also (actually, we are (there is two of us)) a member of bitcointalk with quite a trustworthy account. An account which I will not reveal because, well, look at my trust rating.

I just want to go over the effects you have on this community, especially Default Trust accounts.

When you neg a ponzi site which is completely fine, I want you to monitor that trust. Keep an eye on it. Simply because some sites, like myself and WeeklyPonzi are actually legitimate but with your trust rating, we are flagged as scammers.

having a negative trust rating is NOT what I am complaining about here.

It is the fact that users will not know who is legitimate and who is not. Now it's if you are not fast enough, people are going to invest in the new (potentially scam) site with a 0 trust rating because people will think he is legitimate compared to the -17, legitimate site like myself or Weekly Ponzi's case.

My point being, I want you to remove or monitor your feedback for legitimate sites. If every single ponzi game (or scam) is in negative trust, how will people know if they are truly legitimate or not? They won't.

Along with this, people are getting negative trusts for positive trusting a ponzi. That's another big issue and really expresses my point above.

I already know for a fact a huge amount of default trust users will make me -100+ after this post. and to be frank, i am not actually phased as anyone who wants to use my legitimate ponzi which is running fine, or weekly ponzi's, then they will do so and disregard your trust rating. Anyone who does believe the rating will then move onto a brand new site with 0 trust rating, and then get scammed.

It's something I want you all to think about.

tl;dr: I hope that you do make this Ponzi Game section, but at the same time organise how you will flag the scams and how you will flag legitimate sites. Just like this forum, if everyone has a negative trust rating here no one will know who is a scammer and who is not. Causing mayhem for users and profit in scammers pockets. That is EXACTLY the situation this section will go through if all of these biased and default ratings continue. Some sites don't deserve the negative trust rating like Weekly Ponzi (and to be honest, myself) as both of our sites make it impossible to run with large amounts of funds. The maximum NextPonzi can carry in a wallet at a time is 1.95BTC (max deposit x 1.3 (130% return). As soon as the wallet has funds ready, it sends the BTC automatically to those who need to be paid out. No manual work required.

I hope you guys read this carefully and take a good hard think. What I say makes sense and is true, I would really appreciate it if we used the trust rating to properly rate the sites. THAT WAY if we DO make a ponzi section, it will be very clear who is legitimate and who is not. Right now, it's a dogs breakfast and people are losing money thanks to your biased opinions and disorganised trust ratings.

Best Regards,

-NextPonzi, and a caring bitcointalk member.
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