Ok, we have sorted out the issue with the withdrawals and I will process them in the next couple days. What had happened was that the old addresses (before I started managing bitcoinpyramid) were still present in arsenische's bitcoin wallet and some of the deposits were spent there.

We identified which were these transactions and also removed this wallet so it shouldn't happen again. Eventually I will need to figure out a way to restart the database as we have very few active members and many addresses' private keys have been lost by the owners. Right now I am thinking about a way to validate active addresses (for example asking for a signed message from the address) and hold the funds for addresses that aren't validated. I would appreciate any thoughts or suggestions about this.

Thanks for pointing this out... The limit has been increased in the past mainly for two reasons:
1. Half of the withdrawal is sent to the sponsor reducing the real transfer;
2. Fewer active users were causing most of the transfers be to a single member making it difficult to broadcast since the inputs are usually of a small amount. This way at least we can have more destinations on a single transaction

I am fixing the announcement to reflect the correct information

Hello guys,

I checked the application and the deposits were being processed normally already. I am facing an issue with the pending withdrawals and this will take a little longer to solve.

There are currently 7 pending withdrawals (W9694 to W9700) and as soon as I have this figured out they will be sent.

Hey, sorry for the lack of communication... I will check it later today.

Howdy!

I must admit that bitcoinpyramid has been running by itself for a while since I am not being able to give it the attention required... I have a lot of ideas to implement but no little time (or is it the priority thing?) to deal with it.

Later today I will check what is happening, it seems the last withdraw was #9693. Could you please send me your member id or one of the addresses (deposit/withdraw) ?

It is nice to see your comment. I am a little busy lately but I do have some plans to implement in order to make things more dynamic.

Sorry for the trouble guys. I was in a place without internet access and the script which proccess the deposits run into an issue. All pending deposits were processed earlier today.

I checked and I can replace the withdraw addresses also for these particular cases... The only thing that will be "strange" is if someone check the backups they will notice the change... but I can leave a note about what happened.

it looks like Doge has won. I will have intermitent internet access during the next couple weeks which will make difficult to implement it soon, but doge will be the coin used on our new pyramid.

In the following days I will need to setup new deposit addresses for current members (anyone who had address generated prior to migration). This is required to avoid problems with these addresses being held also on the old wallet.

The way I plan to do it is generating the new addresses and updating the database replacing the old one for the new one. After this, anyone is strongly advised to start using the new address instead of the old one.

I will write a small script which will be watching the old addresses and moving any bitcoins received for the new addresses and will run it for a few weeks.

I would like to hear from anyone who cannot change the deposit address.

Thanks

That's a great idea to promote our site. I know doge has a great community and it would be a good choice as I don't feel like adding every altcoin out there would be a good idea (too much work for too little advertisement). I will open a pool in order to hear other members' opinion.

Unfortunately I wasn't very clear on my comment. What I meant is that I have another account here for a long time. I use my real identity in that account and have plenty of recommendations from other members who know me.

I agree this might bring doubts, but as you can see most of the income is sent to members as soon as possible and only values below the limit stay in my possession... there isn't much to be stolen.


Actually the pyramid has also an advertising platform which brings income to the members as long as we have a good public reaching our site.
Every advertise has also two addresses which allow everyone to pay to improve visibility or reduce visibility for the ad... resources spent doing this are also shared among members.
There is also an "special" ad which users can promote in order to avoid advertises.



Thanks for helping with the doubts of newcomers.

Everyone should consider this being a game, we are not promising turning members rich overnight. The rules are clear about how it works (although they can change a little in the future to attract new users).


Great, this way you improve your odds to receive other payments while keeping the site active. Thanks!!



I hope you like what you see... Please don't hesitate in asking question or making suggestions.



Every member has to become someone else's referral. This way people reaching the site without a referral are referred to one of the existing members.

But I would be glad to hear suggestions about any other way this could be done.



Thanks.

What do you suggest to make it fair ?


We have setup twitter account and a subreddit. Please help to promote it as it helps everybody.

Check our subreddit and Twitter.

This project was originaly created and maintained by arsenische in 2011 but due to lack of time it is changing hands now. The original thread is available at https://bitcointalk.org/index.php?topic=29390.0

This account was created exclusively to manage this project but I have been a bitcointalk member for a long time using my real identity. This other username and my real identity was disclosed to arsenische. He can provide the details if anything bad happens to the project :-)

Here are some features:
- no password or email address needed
- no limitations on hierarchy depth
- no limitations on the size of membership fee (you can start with 0 btc!)
- about a half of deposited money goes to random members
- new members that do not follow referral links become referrals of random members
- automatic payouts when income hits the threshold (0.05 btc currently)
- all the pyramid info is published on the site, daily backups of the whole mysql database are available at http://bitcoinpyramid.com/backups
- due to previous 2 features, there is almost nothing to hack!

It is in beta-stage yet, I will be grateful for any questions, comments and bug reports.

The registration is open again for new members. I will run the payouts manually for a few days to confirm everything is ok before changing it to automatic.

As soon as the migration to the new server is completed we can start discussing ways to improve it and bring more members onboard.

I know there are many member's accounts which private keys are gone. I need to think if there is anything we can do in this respect that could help and suggestions are always welcome.

As soon as the service has been completely migrated to the new infrastructure we can start the talk about the next steps. I hope I can count on you to keep (and improve) this service.

Good news :-)

I will send you a PM to agree about the details and how to make the transition.

Well, I hope BitcoinPonziOrg didn't pay his bid.

@arsenische, I will be waiting for the news.

Or maybe buy it for over a milion just to enter in the market of bitcoin faucets, lol

My real identity was disclosed to arsenische. In fact we have been talking about what could be done in order to improve the site lately.

But... ponzies might become a problem in my country (as well as most of the world) so I want to keep my identity secret. If I don't behave as I should arsenische can provide my details to members.

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