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Author Topic: This is the magnificent bitcoin gem  (Read 16282 times)
BoardGameCoin
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January 28, 2013, 03:57:30 AM
 #21

Holy crap, I'm about to buy a computer, and the bitcoin gem's most recent buyer spent about as much as my computer will cost???

This will end poorly.

I think it would've been a lot cooler if it was linear growth, then there could have been lots of gem holders over time. This exponential business gives a pyramid structure to this musical chairs game.

-bgc

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1534863934
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January 28, 2013, 04:25:17 AM
 #22

it could only end when the gem's worth 10 million btc

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theymos
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January 28, 2013, 04:42:03 AM
 #23

The site owner should use some of his profits to send the loser an actual gem.

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jl2012
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January 28, 2013, 04:56:22 AM
 #24

You can see all transactions in the "List of previous owners" section. The only transaction I made was the initial buy for 0.1 btc, which was on Jan 24.

Ok, so this is not a very classical pyramid scheme. But how do I know the OP is not pumping the price himself?

Yeah but you can use any name you like

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January 28, 2013, 06:48:22 AM
 #25

The site owner should use some of his profits to send the loser an actual gem.

Haha great idea Cheesy

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January 28, 2013, 07:02:00 AM
 #26

The site owner should use some of his profits to send the loser an actual gem.

Haha great idea Cheesy

or lynch him when he lets the last owner hold the bag

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mintymark
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January 28, 2013, 09:22:12 AM
 #27

This is a great idea. You can view it as a clever pyrimid scheme, or an advertising scheme - Kim Dotcom apparently owns the Gem right now, and I am sure he thinks it worth it at that price to advertise Mega in the link, so he would say not a pyramid at all!!

A possible bug though. I don't think the prices reported in the list of previous owners are correct, and the order looks scrambled. Last night vagoods was about to own the gem, and purchase it for 70 odd Bitcoins. Now it seems he got it for 40.41. Hmm, I smell the reek of melting code...

Seriously, I am awed by your bitcoin-foo, I think this a stunningly simple and great idea, and I only wish I had thought of it, I mean really how cool is this? A 1 page business idea that actually delivers, wow!

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cedivad
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January 28, 2013, 09:35:22 AM
 #28

Maxmint will earn 100 to 1000 bitcoins out of this stoling the bitcoins once that some stupid trows in the good amount.

Fuck you.

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Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
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maxmint
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January 28, 2013, 09:50:18 AM
 #29

mintymark, I see it exactly the same way: it's advertising for the person willing to pay the highest price. Plus, most of advertisers (except one) will get their money back AND make a profit. Advantage for the last one: his or her link will be on the site forever.

Regarding your bug report: I just couble checked stats and transaction, vagoods bought for 40.41 BTC as stated in the previous owners section.

This is a great idea. You can view it as a clever pyrimid scheme, or an advertising scheme - Kim Dotcom apparently owns the Gem right now, and I am sure he thinks it worth it at that price to advertise Mega in the link, so he would say not a pyramid at all!!

A possible bug though. I don't think the prices reported in the list of previous owners are correct, and the order looks scrambled. Last night vagoods was about to own the gem, and purchase it for 70 odd Bitcoins. Now it seems he got it for 40.41. Hmm, I smell the reek of melting code...

Seriously, I am awed by your bitcoin-foo, I think this a stunningly simple and great idea, and I only wish I had thought of it, I mean really how cool is this? A 1 page business idea that actually delivers, wow!

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MPOE-PR
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January 28, 2013, 01:34:08 PM
 #30

This is a great idea. You can view it as a clever pyrimid scheme, or an advertising scheme - Kim Dotcom apparently owns the Gem right now, and I am sure he thinks it worth it at that price to advertise Mega in the link, so he would say not a pyramid at all!!

A possible bug though. I don't think the prices reported in the list of previous owners are correct, and the order looks scrambled. Last night vagoods was about to own the gem, and purchase it for 70 odd Bitcoins. Now it seems he got it for 40.41. Hmm, I smell the reek of melting code...

Seriously, I am awed by your bitcoin-foo, I think this a stunningly simple and great idea, and I only wish I had thought of it, I mean really how cool is this? A 1 page business idea that actually delivers, wow!

This sort of thing is why bitcointalk posters are quickly becoming the stereotype of idiocy. Just FYI.

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January 28, 2013, 02:13:04 PM
 #31

This is a great idea. You can view it as a clever pyrimid scheme, or an advertising scheme - Kim Dotcom apparently owns the Gem right now, and I am sure he thinks it worth it at that price to advertise Mega in the link, so he would say not a pyramid at all!!

A possible bug though. I don't think the prices reported in the list of previous owners are correct, and the order looks scrambled. Last night vagoods was about to own the gem, and purchase it for 70 odd Bitcoins. Now it seems he got it for 40.41. Hmm, I smell the reek of melting code...

Seriously, I am awed by your bitcoin-foo, I think this a stunningly simple and great idea, and I only wish I had thought of it, I mean really how cool is this? A 1 page business idea that actually delivers, wow!

No vagoods is correct, I purchased right after vagoods for 44 BTC, so vagoods can't have purchased for 70 BTC.

Also I agree that it does have some ad value, after owning the gem for a short period of time, the bitcoingem site sent me over 100 new visitors. I imagine if this bitcoingem site becomes a bitcoin novelty site (like every bitcoin newbie will want to see this site for the lulz), then it can potentially send the last gem owner hundreds of visitors per day, which is worth something in ad value. So it's a win-win situation, you either make some profit, or you get potentially tens of thousands of visitors in ad value.

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ingrownpocket
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January 28, 2013, 02:59:13 PM
 #32

Site's pretty slow.
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January 28, 2013, 03:20:04 PM
 #33

Just wow..... imagine the day when the operator just walks off with the btc instead of reopening it...eg guy buys it for 10kbtc, operator takes the 10k, end of story

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January 28, 2013, 03:39:33 PM
 #34

...
..Advantage for the last one: his or her link will be on the site forever.
...

Forever? when the game end, you will continue pay domain and hosting... forever ?  Roll Eyes

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cedivad
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January 28, 2013, 03:40:18 PM
 #35

...
..Advantage for the last one: his or her link will be on the site forever.
...

Forever? when the game end, you will continue pay domain and hosting... forever ?  Roll Eyes
Just like megaupload lifetime accounts.

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Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
maxmint
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January 28, 2013, 03:44:21 PM
 #36

...
..Advantage for the last one: his or her link will be on the site forever.
...

Forever? when the game end, you will continue pay domain and hosting... forever ?  Roll Eyes

Ok, "forever" is not quite the right diction, that would really blow the budget...
Let's say, it will be up for the next 15 years.

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ingrownpocket
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January 28, 2013, 05:43:43 PM
 #37

The new owner has just sent payment. We're currently waiting for 8 confirmations, 5 already in.
http://blockchain.info/tx/615bc97d4e9ba2039bd412745a6b5419eaada02299997eacc0645d823e8e6083 (12 confirmations ATM)

What gives?
The Fool
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January 28, 2013, 05:47:23 PM
 #38

I think the site has glitched out. Too little payment was sent and it's not confirming.
ingrownpocket
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January 28, 2013, 05:48:11 PM
 #39

I think the site has glitched out. Too little payment was sent and it's not confirming.

Maybe 230 BTC is too tempting...  Lips sealed
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January 28, 2013, 06:07:13 PM
 #40

OP is selling the site he got in way over his head!  Shocked

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