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1  Economy / Gambling / Re: Suggestion for a new gambling site on: February 09, 2015, 06:49:14 AM
Well you have no idea who you are comming up against so it's a gamble.. There are a few skill based games here in gambling, which forum whould I post in? Did you even read my post about different stakes? $1 buyin, $5 buyin etc, you buyin where you feel safe - the leveling system could make it impossible for good players to buyin at $1.

PVP is a nice idea but it just wont work.

Having user levels and matching players for games based on that won't matter, people who are using bots will just create new accounts so they can play against new users.

There isn't a way to prevent this beside getting into an arms race which is ultimately futile.

The only way to make this work is as bitbaby suggested.

make it sort of like a slot game, you push in a quarter and play and win rewards by clearing levels.

But then if you go this route, look at the other sites that offer games of skill as gambling, most don't do so well.
2  Economy / Games and rounds / Re: 2015 The year of the Ponzi, BE WARNED! on: January 18, 2015, 05:21:40 AM
I ain't promoting them

Call a spade a spade, you are promoting it.

You either own that Ponzi or are just hoping enough people invest after you so you don't end up losing your investment.
3  Economy / Games and rounds / Re: 2015 The year of the Ponzi, BE WARNED! on: January 17, 2015, 07:33:52 AM

That image is awesome, I added it to the first post of this thread, I hope you don't mind.

Let me know if it is a problem though Smiley
4  Economy / Games and rounds / Re: 2015 The year of the Ponzi, BE WARNED! on: January 16, 2015, 07:02:40 AM
There can be an "honest" Ponzi game.

There are no honest Ponzi, as others have said it's an oxymoron.

All Ponzi are scams.

Just because he has not run off with the money yet, does not mean he won't.

He will run off with the money eventually, this is guaranteed.

So anyone that wins at poker is scamming the other players by all of the anti-ponzi crowd out there.

Again this isn't true, no one is being scammed in poker unless someone is cheating.

It is a fallacy to claim that gambling is a scam because someone loses, as I mentioned in this post.
5  Economy / Service Discussion / Re: Ponzi Calculator - Will do the math for you. on: January 16, 2015, 06:15:23 AM
I assume the risk assessment algorithm is something like this;

Deposit Amount * 0 = Expected Return

Cheesy
6  Economy / Games and rounds / Re: 2015 The year of the Ponzi, BE WARNED! on: January 16, 2015, 06:11:11 AM
For example;

If someone invests $1000 and the scheme runs for a year, they will get 12 payments of $100 (10% per month for 12 months) so they will now have $1200. They would have made $200 profit.


Is it just me, or does that not make sense?

I'll try and explain it better.

A Ponzi offers a return of 10% per month.
A person decides to invest $1000.
If the Ponzi pays out for 12 months, the investor would have been paid $1200 in interest.
But they invested $1000, so they actual profit is only $200.

$1200 (interest) - $1000 (investment) = $200 (profit)

But most Ponzi wont last 12 months, most will not last more than a couple of weeks.

Hope this makes it helps.
7  Economy / Games and rounds / Re: 2015 The year of the Ponzi, BE WARNED! on: January 15, 2015, 05:24:26 AM
Its getting extremely annoying actually. All these ponzi threads should be moved to a new separate section, the 'gambling' forum became a complete joke.

They could make a child board for Ponzi and HYIP. Although I'm not sure if they makes them liable legally, since it could be seen as condoning illegal activity.
8  Economy / Games and rounds / Re: 2015 The year of the Ponzi, BE WARNED! on: January 14, 2015, 11:18:35 AM
If the operator declares that his/her game is a ponzi and the last investors will lose money, then every participants will know what going to happen and then they can  invest accordingly.

What happens if the operator pays interest but stop just before the first investor breaks even?

In that case everyone loses, including people who invested first.

There is no way to know the operator isn't going to run off with the money before paying interest and no way to tell if the people claiming to be paid interest are not the operator or working with the operator.

Just because an operator is open about the scheme being a Ponzi doesn't make the scheme honest or any less risky.

The truth is that some time in the future the scheme will collapse and/or the operator will run off with the investors money.

A "honest" scam artist is still a scam artist.
9  Economy / Games and rounds / Re: 2015 The year of the Ponzi, BE WARNED! on: January 14, 2015, 09:41:45 AM
If ponzi profit is 10% like in your example, only last 10% btc Investors will lose their money.

Yes, if you are stupid and dont understand basic math or get greedy (reinvest)  you will lose.

LOL
10  Economy / Games and rounds / Re: 2015 The year of the Ponzi, BE WARNED! on: January 14, 2015, 09:36:26 AM
SOMEONE has to lose money

This is not true either.

Investing is not a zero sum game where someone has to lose for someone else to gain.

Any investment should create value, when their is no value created then that investment is a scam.

Even when someone plays at a dice site they are getting value from playing.

While they might lose money they may win and it's the risk they enjoy, the value is the enjoyment and excitement they get from gambling.

If gambling was truly a zero sum game which created no value, then no one would play.

People don't put a pile of money on the ground and burn it because that does not create value.
11  Economy / Games and rounds / Re: 2015 The year of the Ponzi, BE WARNED! on: January 14, 2015, 09:15:50 AM
But there is money to be made if you ride the train early.

Again this is not true, even if you invest early, you can still lose if the promoter runs off with the money or if they don't pay back more than what was invested.

Like I said before, if people want to invest in Ponzi schemes, its their money. But this thread is for people who don't know the risks involved in Ponzi schemes.

For people who read this and are on the fence about investing. People will tell you money can be made if you're fast, others will tell you their Ponzi is "honest" but the truth in both cases is they're lying. They need more people to invest so they can make money before the scheme fails.

They want you to be the one that loses your money and not them.
12  Economy / Games and rounds / Re: 2015 The year of the Ponzi, BE WARNED! on: January 14, 2015, 09:08:57 AM
Ponzi schemes are extremely risky and most people will lost their money
If ponzi profit is 10% like in your example, only last 10% btc Investors will lose their money.

Ponzi is very good if invested early in an "honest" ponzi.
I made over 12 btc in varous ponzis since weeklyponzy showed up. Just make sure to understand mathematics of growth.

Not true.

If 10 people invest $1000 each and the promoter runs off with the money, everyone loses their money.

And even if the promoter pays out interest, they will have to make 10 payments before the investor breaks even.

If people want to invest, it's their money they can do what they want with it, but there is no such thing as a honest Ponzi; they are all scams.
13  Economy / Games and rounds / Re: 2015 The year of the Ponzi, BE WARNED! on: January 14, 2015, 08:57:42 AM
bitcoin prize go to deep
people want recover their money
and they look for new way for earning money
because of this ponzi's are populer this season

True, but people should understand the risks, since they will probably lose any money they have invested which will make their problems worse.
14  Economy / Games and rounds / 2015 The year of the Ponzi, BE WARNED! on: January 14, 2015, 08:51:48 AM

Image orginally from this post by izanagi

I thought I would give a brief explanation of what a Ponzi scheme is and the dangers in investing your money in them.

What is a Ponzi scheme?

A Ponzi, HYIP or pyramid scheme are generally promoted as investments, sometimes the people running them will say they are investing in the Stock Market or selling a new hot product or on this forum they will say they are investing in Bitcoin or Mining.

The truth is they are lying and they arenít investing in anything.

The way Ponzi scheme works is the people running the scheme will ask for an investment and offer a return on that investment, but because they arenít making any money (by selling something for example) the only way they can pay the interest is by using the money invested.

So for example;

The promoters offers to give a 10% return per month on investments of $1000.

Someone invests $1000 and waits a month.

The promoters takes $100 (10% of $1000) of the original $1000 and gives it back to the investor.

The investor is happy because it seems to be working.

But all the promoter has done is used some of the original $1000 to pay the interest.

So now the promoter has $900 of the original $1000.

If the promoter keeps paying interest on the $1000 he will run out of money in 9 months, since they have already paid the first month interest.
For the scheme to keep working the promotors needs more money from more investors. If no one else invests, the scheme will fail.

At this point though, the promoter will generally ask investors to tell their friends or make posts on forums telling people it works, because the more people who invest the more money there is to pay the interest.

But all Ponzi schemes fail eventually, either when the promoter runs off with the money or the money runs out.

This is the harsh truth of Ponzi schemes.

So why do people invest in them?

Because some people donít know itís a scam.

But there are other people who will invest even when they know itís a scam because if they get in early they can make money.

For example;

If someone invests $1000 and the scheme runs for a year, they will get 12 payments of $100 (10% per month for 12 months) so they will now have $1200. They would have made $200 profit.

But itís extremely risky since no one knows how long the scheme will last or if the promoter will continue to pay the interest.

Most people have heard of Bernie Madoff who ran a billion dollar Ponzi scheme. The people who invested with him early would have made a good return on their money, but the people who invested near the end would have lost it all.

Ponzi schemes are extremely risky and most people will lost their money.

Itís up to you to decide if the risk is worth it, but be careful.
15  Other / Meta / Re: The Legendary Status on: December 06, 2014, 08:36:31 AM
if i have to choose to lend / deposit my coins between: (a) newbie (b) legendary with + status, i'd choose the latter

My choice would be whoever demonstrated better trustworthiness (that doesn't automatically mean the legendary account) and always with the understanding that anyone can turn scammer given sufficient motivation.
16  Economy / Gambling / Re: An Open Letter to Legendary Member Dooglus - Request for Explanation & Response on: December 04, 2014, 05:23:52 AM
17  Economy / Gambling / Re: Brand new gambling system! on: November 30, 2014, 06:47:48 AM
Thank you for your post its very helpful for me.

No problem Smiley

Quick question; are you planing on implementing provably fair?

And if so, what is the time frame?
18  Economy / Gambling / Re: Brand new gambling system! on: November 30, 2014, 06:10:52 AM
What do you mean about make provably fair? What could I add to my site to prove you that there is no deception?

provably fair

At least for me, the sound auto plays but the sound icon shows it muted. If I click the icon the sounds becomes muted but the icon shows it as playing.

After I win or lose the modal has a z-index issue which show it behind other elements so I can't click it. This breaks the site, since when I hit ESC and the modal closes the site doesn't revert back to the main page, it's stays on the bet page but the buttons fail and the button fail to register.

I'm using Chrome Version 39.0.2171.71 m on Win if that helps.

Side Note: You don't need to make the z-index so high (2147483649) using 0, 1, 2, 3 etc will make it easier to understand what comes before and after elements.
19  Economy / Gambling / Re: iBitcoin Casino Live Bitcoin Poker and Sports Book Play Today on: November 26, 2014, 08:06:26 PM
blah blah blah

Quick question, how do you know who SOLLOG is and why are you defending him?

30 minutes ago I had no idea this bat shit crazy nut job, who claims to be god, existed.

It's been a fun ride, you provide many lolz John, but I'm out.
20  Economy / Gambling / Re: HIGH STAKES BITCOIN CASINO POKER AND SPORTS BOOK on: November 26, 2014, 07:58:59 PM
...

Posted in the other thread he made, but just in case people miss it.

Name: John Patrick Ennis
Alias: Sol Adoni, Sollog Immanuel Adonai-Adoni
DOB: July 14, 1960
Personal Wesbite: http://soladoni.com/
Mug Shot: https://i.imgur.com/c6F5kbv.jpg
Location: Fort Lauderdale, Florida, USA

In September 1995, Ennis was arrested by the United States Secret Service on suspicion of making threats against then President of the United States, Bill Clinton. It was discovered that he had two warrants outstanding against him, and he was committed for trial on the February 1988 vehicle offences. When the case came to court in May 1996, Ennisīs defence invoked conspiracy theories involving the President, the Governor of Pennsylvania and the Mayor of Philadelphia. He dismissed his own defense attorney, calling him "part of the conspiracy", and represented himself from that point on. Judge Anthony DeFino described the case (which the press dubbed the "God Trial") as being "the most unusual case I have ever seen in my courtroom". Ennis was convicted on all four charges and imprisoned.
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