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franky1
Legendary
Offline
Activity: 4368
Merit: 4740
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June 12, 2016, 01:57:13 PM |
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not a faucet but a pyramid scam.
reporting to mod to move off topic
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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derrend (OP)
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June 12, 2016, 09:25:03 PM |
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not a faucet but a pyramid scam.
You should at least look at it before making unfounded accusations. What's pyramid about it?
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Steve_Tou
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June 12, 2016, 11:12:31 PM |
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Obvious pyramid scam is obvious.
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A scam will be a scam. It won't sustain in long run, cause they can't make $ for you at all, they don't have any business model or investment plans to make money grows. All they did is use other people's $ to pay other users, so those who earned $ is just from other victims... in short a vicious cycle. People KNEW, but they just dump their $ in hoping for a miracle.
Maybe I have to give another example for people who can't understand. It's like- Going down to dirty sewers looking for fresh air.
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derrend (OP)
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June 12, 2016, 11:37:02 PM Last edit: June 12, 2016, 11:56:12 PM by derrend |
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Obvious pyramid scam is obvious.
Explain the pyramid aspect to me, where is it? A pyramid/ponzi scheme collects money from new investors and uses it to pay off the old ones in an ever expanding bubble but that's not what's happening here imo,
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Slow death
Legendary
Online
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
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June 13, 2016, 11:47:29 AM |
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I've never heard of this site, but honestly when I saw this I was scared, it looks like a witchcraft site.that stick with the chicken head, it's scary, it seems who are about to do some satanic ritual.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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derrend (OP)
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June 13, 2016, 10:01:22 PM |
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lol, it's a reference to this
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actmyname
Copper Member
Legendary
Offline
Activity: 2562
Merit: 2510
Spear the bees
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June 13, 2016, 11:22:34 PM |
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So this is basically a lottery system sort of game. Kind of risky given that you don't even know how much has been invested in the game. All you have to go on is the fact that there are x other players.
Probably will turn scam at some point soon (if it hasn't already).
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derrend (OP)
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June 13, 2016, 11:30:39 PM |
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So this is basically a lottery system sort of game. Kind of risky given that you don't even know how much has been invested in the game. All you have to go on is the fact that there are x other players.
You can use the results page to see the previous transaction history to get a better idea of how much you need to risk in order to win.
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dwyer17
Full Member
Offline
Activity: 199
Merit: 100
Give 'em the pickle
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June 14, 2016, 04:04:52 AM |
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Arise chicken! Chicken arise! Pretty funny website haha. I'll put in the minimum deposit amount and see if anything happens.
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derrend (OP)
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June 14, 2016, 04:30:45 AM |
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Arise chicken! Chicken arise! Pretty funny website haha. I'll put in the minimum deposit amount and see if anything happens.
You will lose because it's not possible for anyone to bet lower than you. ("minimum deposit")
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rockyV
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June 14, 2016, 12:19:47 PM |
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now cryptodevil will turn your account into negative trust
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cryptodevil
Legendary
Offline
Activity: 2240
Merit: 1254
Thread-puller extraordinaire
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June 14, 2016, 01:07:43 PM |
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Actually I initially did and then after reviewing the details further came to the conclusion that it appears to be simply a betting game.
Assuming, because the code is open-source, that everything is provably fair when it comes to matching up the amounts being wagered, it would make this a legitimate gamble, albeit one where the big fish eat the little fish. Unless anyone can show that it isn't creating the pairs randomly then this doesn't qualify as a scam.
That being said, as with all centralised services, the operators could still leg it with the funds.
@derrend If there are an odd number of deposits made in a round, how does the system handle the one that can't be paired up?
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WARNING!!! Check your forum URLs carefully and avoid links to phishing sites like 'thebitcointalk' 'bitcointalk.to' and 'BitcointaLLk'
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derrend (OP)
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June 14, 2016, 10:50:42 PM |
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Actually I initially did and then after reviewing the details further came to the conclusion that it appears to be simply a betting game.
Yay! @derrend If there are an odd number of deposits made in a round, how does the system handle the one that can't be paired up?
Line 169 in the views file takes care of that, it checks to see if the number of accounts with a non-zero balance is even, otherwise it ignores one of the records until the next round. There are also no draw results because if two records are matched which have the same balance they are also placed back in the pot until the next round.
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cryptodevil
Legendary
Offline
Activity: 2240
Merit: 1254
Thread-puller extraordinaire
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June 15, 2016, 06:08:50 AM |
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Perhaps changing the thread title might help correct the initial skepticism us jaded inhabitants of IBG had for your topic. It sounds too much like an irrelevant bit of fluff nonsense used to distract from a sketchy service.
If you focused on simply discussing the 'Risk Aversion' nature of the type of wager it is you're more likely to be able to quickly establish to readers that it isn't yet another ponzi/pyramid promotional thread.
There are a few legitimate services in IBG, but literally only a few, as in you can probably count them on the fingers of one hand if you were wearing mittens. This means they have to be adept at quickly asserting the facts which separate them from dodgy schemes and scams and getting straight to the core of the service's details is important.
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WARNING!!! Check your forum URLs carefully and avoid links to phishing sites like 'thebitcointalk' 'bitcointalk.to' and 'BitcointaLLk'
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luksbit
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June 15, 2016, 03:08:50 PM |
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This occurs a problem? I made two deposits, one yesterday and one today, however till date no information if I won or lost Att, Luks
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derrend (OP)
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June 16, 2016, 01:50:37 AM |
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This occurs a problem? I made two deposits, one yesterday and one today, however till date no information if I won or lost
Let me know the txid's or deposit addresses and I'll take a look for you
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