No, more than half of the people who enter are winners. In order of time receiving just means that the node puts those received first on the first people to be paid out.

That is very different from the perception in January. There were over 1000 people who played large amounts and small amounts. See https://bitcointalk.org/index.php?topic=918471.0

Is there anything that would convince you that the owner will not run away?

Would the 2% fee not be a pretty good incentive for the ponzi operator to keep running the games?

Thanks for the feedback so far.


Do you mean that you are afraid that the owner will run away with the deposits or make his/her deposits the first ones?

I am thinking of creating a similar website to 24hourponzi and weeklyponzi from last January. I am creating it from scratch and having it tested (and not relying on buggy APIs) to ensure that the site operation goes smoothly.

It would be a site where a user aims to deposit bitcoin at a target time between (for example) 1:00PM and 1:01PM and the first users get their investments back plus some profit, and the users who deposit last lose. Fees would be 2% for my profit and site costs.

I would like to gauge interest before delving into the project; I was tired of those buggy sites from last year (but loved the concept).