Hello everyone, hopefully this is the right place to post this.

I have been working on a new automated script which I believe is ready to try out now - for the time being there will be no website, so I think "Games and rounds" is the correct place for this.

The rules are simple - we'll start out low and increase if demand dictates;
Send 0.01 to 16z5B5SGQUgFT7TeAUcHXngL4rDFwCyhXS and receive 0.02 back when the next person deposits.

I take a 1% cut after the first 5 successful payments.

As there is no website for this yet, please post your pay-in and pay-out transaction IDs here for proof for others to see.

This looks really interested, I'll be keeping an eye on this.

Shouldn’t this thread be in Project Development though?

I dont believe this is possible from the native bitcoind client. I would recommend looking for a websocket client which broadcasts new transactions as they reach the network, you can then systematically filter on the address you are looking for.

BlockChain.info nodes are known to be very slow in picking up new transactions. You're best bet is to check a local bitcoind\qt version.

The wallet's gone. That's the way Ponzis work, I'm afraid - sorry.

Sent; https://blockchain.info/tx/b97ad7f9d4748bc08fd5989e21c0193d961227e7b3f70ee4ad775eca6c6facac

Sorry again guys, we had a good run. Arguably the best Ponzi to-date having turned over more than 12 BTC!

Betek is a dumb... I wont finish that sentance. Who didnt know how a ponzi worked until a few days ago, and now, if by magic he is running his own.

If I never hear that name again it will be too soon. Needless to say, he is in no way related to the operation of this ponzi.

Sorry guys there is only 0.076 left in the wallet - https://blockchain.info/address/12cny1s79PGLN9Dfyzk4mskaVRzDYgZEv3

And before anyone accuses me of taking anything for myself, see for yourself. All outgoing transactions from the wallet have been legitimate repayments. I funded the hosting for this myself so I am out of pocket too.

Sorry everyone, I have been away for a few days and see this has died a slow painful death with is such a shame. I put a lot of hours into it

I will attempt to repay all that I can, but as you can see the wallet balance is quite low.

Sorry guys, I am truly gutted.

Looking at this now - see below comment;


That's just me working on the site, I'm "nulling" them and reconfirming them whilst I troubleshoot a couple of things. Nothing to worry about, wont affect payouts (when people start investing again )

Hey, thanks for the question

Deposits are slow at the minute so you wont see many updates until we see more investment.

Payouts are made in date order (oldest first), where the wallet doesn’t have enough coins to make the repayment that deposit is skipped, and it moves onto the next "oldest" deposit until it finds a deposit which it has the funds to repay. The pending page shows the priority of "skipped" payments in the next payout round.

For instance, at the top of the list is;
18YjZiXes86Zc6vzE2GroDpxYv3xmQDZ7   0.80000000

So once the wallet balance reaches 1.2BTC (0.8 x 1.5), that deposit will be paid out before any others, and with the remaining balance the system checks through the other pending payments (in date order) looking for other transactions which it can afford to repay.

Hope this helps

Check where you are in the queue here;

http://bitvestment.co.vu/pending.php

Probably something went astray whilst I was working on the importer. I'll track it down now.


The wallet balance was 1.115 BTC, as agreed last night your deposit was reduced to 0.8BTC to be paid out quicker. So 0.8 x 1.5 = 1.2BTC, there wasnt enough funds in the wallet to make the repayment so it was skipped. This has been explained quite a few times now.

We're back and better than ever guys, start investing and let's get this party started!

Hey guys, sorry for the delay. I have been busy over the past few hours moving away from BlockChain's crappy APIs to a local bitcoind instance.

This has now been completed and as you can see a shiny new payment has been made https://blockchain.info/tx/ed04cfcb76f0da5a6cf046ee0bac77a6896ecace8095b92e7595788dfb519f7e

There are still a few bugs, but nothing that should slow us down now I had to reimport the transaction database so please let me know if you notice anything.

The wallet is back down to a balance of 0.006 BTC now, so get depositing guys.

Enjoy the remaining time @ 150%!!!!

Also, @Berek, the more you complain, the less players will want to invest meaning you will never receive you BTC back, if you cant afford to lose it, you should never deposit 1BTC in a Ponzi. Sorry

Hey, guys thanks for your patience. Just waiting for bitcoind to reindex (so I can query all transactions) once done I will import any deposits which arent showing on the site yet and start payments again.

Like always, I'll keep you informed

Changed typo on my part, that's what happens when you have to manually enter stuff

bitcoind nearly updated, I'm working on the scripts and we should be back up and running within an hour or so.

I'm aware of the new deposits, these will be added to the site once bitcoind is running.

It's @ Jan 2014!

 
I feel that would be counter-intuitive at this stage. There have been a lot of problems so far and it will take some time to rebuild that trust. Increasing the minimum deposit will only hamper that.


Perhaps the downside of being so transparent. The sooner new deposits come in, the sooner these guys get repaid

Bitcoind has imported up-to May 2013. Shouldnt be too long