I don't understand your statement.

If you need an invite, it is not live.

There are so many games now.  Players can be picky.

I've played Blackjack on this site and it's a really good site.  The player experience is exceptional.

Not at all guaranteed, that's why it's in the "gambling" section.

Someone always loses in a ponzi game.  The trick is to make sure it's not you. 

Let me stress again, this is GAMBLING.  That said, I've been playing ponzi games for months, and I am way up.  at least +20 BTC on the ponzi.  Then I  lose it to Blackjack.   

I agree, that's why I made The Forever Game 15% and Zero Fee.

It's a ponzi game.  The site was obviously made by backend software engineers - as it works great but the design leave a lot to be desired.  

If you go to http://bitcoinduit.com , the site front page, there is a link to the rules.


They are deliberately vague.  I think their stance is if you don't know how it works, then don't play.  Ponzi games like this have been running in the gambling section for a while, so most of us die hard gamblers already know how they work.  The important part is that it's completely transparent.  All parts of the game are revealed.  How much is in the pot, how many people are in line in front of you, etc.  So you can make an informed decision on betting.

Anyway, if you bet smart, there is a lot of BTC to be won.  See my sig.  

They also seem to be anti-gambling in general.

I don't know what's going on now, but in the past, MtGox's DDOS prevention company has done more to make the site inaccessible for me than any DDOS has.

The person in question already posted this: https://bitcointalk.org/index.php?topic=38661.0

Yes, you pay out 95% of the fee, which is 10% of the bet, so you pay out 9.5% of the bet.   

We are both right. 

You do need to be smarter about the games you enter.

However, the ones with a big jackpot run a long time.  It takes longer to get paid, but you do get paid eventually, since people keep getting in at the end to try and win the big jackpot.

for example: http://bitcat.ch/rounds/1 has been running since July 12 and is still going.
http://bitcoinduit.com/game/viewRound.php?id=The_Forever_Game has a 8.865 BTC jackpot
http://bitcoinduit.com/GOINGandGOINGandGOING has paid out over 94 BTC

Not in NYC, at least if you are on AT&T

* "Instant" fee payout:
http://bitcat.ch/rounds/32

the operator in this game will pay you out 9.5% of the bet above you.  No waiting.  (well, he has to be at the computer, so it's not instant).  This is a great new twist on "regular" ponzi.

* The Forever Game:
http://bitcoinduit.com/game/viewRound.php?id=The_Forever_Game

Already running since Aug 16th, this game will never end.  It's got the highest active jackpot on Bitcoinduit at 8.8650 and is 2nd in total payouts for active games.  People will always get in at the end to try and get the jackpot, which means a never ending game, which means you will eventually get paid.  Disclosure - I started this game.

* Special Twitter Ponzi:
http://bitcoinduit.com/Special_Twitter_Ponzi

There are 3 or 4 of us who keep getting in to grab the jackpot.  No one has got it yet.    It's making for a lively game.

Join any or all of these games.  You won't regret it.

I can confirm I received my fee payout.  Thanks.  killer Idea.

Well, if no one wants to get in behind me then I'll just take the jackpot, and no one will get my host fee.   

(It's only been 5 minutes.  I'm just poking you.)

It's posted again because there is now a news article to link.  And/or the OP missed the original announcement several days ago.

This is a great idea.  I'm in

I think all of us that love Bitcoinduit should go over there and let our opinion be known.

Yes!  better late than never.  Bitcat.ch Baby! 

(I'm in)