[ANN] Returnbit [RBIT] [SCRYPT] [POW]

[ReturnBits]

Again the queue has filled up. It will slowly build funds until they can be paid out. It may take some time...

this PONZI ?

if you read the ann. page you see that the funds from the rtrust come from mining, since every block found gives 50 coins into the rtrust

At this point it will be 5+ days before mining can pay the unpaid. Very little point in sending in more Tier 1 coins.

Actually no, with the minimum buy in at 50,000.
Assuming there is 1440 blocks in 1 day at 60 second intervals
50x1440=72000
Thats more than enough to pay out assuming no new people send in.
The transaction last night was for 150,000 and still got paid out in a few hours. The more that is sent in, the faster the queue will go.
There is no need for new people to send in, This queue will be completely empty within a few hours.
3000 Coins come in every hour.

Actually yes. Using your best case scenario figure of 72,000 coins a day, you have an unpaid total of 418731/72,000=5.8 days

You assuming that no funds come in and everything is completely halted. Regardless, the queue will empty. It might take longer than normal, but regardless, it will empty. Guaranteed.

If you are using funds people deposit to pay off earlier depositors, that by definition is a PONZI. If you are only using the 50 coins per block and transaction fees, then it isn't an outright ponzi. So which is it? Also you are fast approaching block halving and thus 25 coins per block instead of 50. When I used the figure of 5+ days to get the unpaid people paid, I was being rather generous if the rtrust only gets coins from mining rewards and fees. If it is a PONZI, then everyone could be paid quickly or not at all. I suspect you will very soon see miners stopping. I know I already did.

It's absolutely not a PONZI if there is forecasted revenue that will exceed the accounts payable.  There's nothing saying he can't use mined coins to balance the budget either.  That's why I wouldn't make the wager.  Once the initial big block mining phase is over, things will be balanced.

Its somewhat both in this sense. It is using the new investors to pay the old, and also the block rewards and fees. But any traditional "ponzi" will collapse when the funds completely stop coming into the system.
This won't, it will simply take longer than expected, which was all foretold prior to this. The payout time frames are minimum time frames. That a queue would be built, and eventually everyone still gets paid. Everyone CAN stop sending in, but everyone WILL still get paid.

[chisefu]

Again the queue has filled up. It will slowly build funds until they can be paid out. It may take some time...

this PONZI ?

if you read the ann. page you see that the funds from the rtrust come from mining, since every block found gives 50 coins into the rtrust

At this point it will be 5+ days before mining can pay the unpaid. Very little point in sending in more Tier 1 coins.

Actually no, with the minimum buy in at 50,000.
Assuming there is 1440 blocks in 1 day at 60 second intervals
50x1440=72000
Thats more than enough to pay out assuming no new people send in.
The transaction last night was for 150,000 and still got paid out in a few hours. The more that is sent in, the faster the queue will go.
There is no need for new people to send in, This queue will be completely empty within a few hours.
3000 Coins come in every hour.

Actually yes. Using your best case scenario figure of 72,000 coins a day, you have an unpaid total of 418731/72,000=5.8 days

You assuming that no funds come in and everything is completely halted. Regardless, the queue will empty. It might take longer than normal, but regardless, it will empty. Guaranteed.

If you are using funds people deposit to pay off earlier depositors, that by definition is a PONZI. If you are only using the 50 coins per block and transaction fees, then it isn't an outright ponzi. So which is it? Also you are fast approaching block halving and thus 25 coins per block instead of 50. When I used the figure of 5+ days to get the unpaid people paid, I was being rather generous if the rtrust only gets coins from mining rewards and fees. If it is a PONZI, then everyone could be paid quickly or not at all. I suspect you will very soon see miners stopping. I know I already did.

It's absolutely not a PONZI if there is forecasted revenue that will exceed the accounts payable.  There's nothing saying he can't use mined coins to balance the budget either.  That's why I wouldn't make the wager.  Once the initial big block mining phase is over, things will be balanced.

Its somewhat both in this sense. It is using the new investors to pay the old, and also the block rewards and fees. But any traditional "ponzi" will collapse when the funds completely stop coming into the system.
This won't, it will simply take longer than expected, which was all foretold prior to this. The payout time frames are minimum time frames. That a queue would be built, and eventually everyone still gets paid. Everyone CAN stop sending in, but everyone WILL still get paid.

Exactly, thank you.

[ReturnBits]

Inherently by definition
A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game) is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.

The reason I don't call this a 'ponzi', is because it has legitimate sources IE the block rewards.

[tusandii]

Hello

excuse me Guys, how much the ICO price of returnbit ?

[kreatoralex]

Late saw a coin. Soon 200 coins per block. it's a pity

[ReturnBits]

The max for tier 1 is 10000, no more large amounts.

[Coin_trader]

this coin will unveil it's potential when it reach the trading market.

[kaconk]

this user (farlack : https://bitcointalk.org/index.php?action=profile;u=68507) stolen my 19k rbit.
for now, i will wait exchange for returnbit.

[kanoptx]

this user (farlack : https://bitcointalk.org/index.php?action=profile;u=68507) stolen my 19k rbit.
for now, i will wait exchange for returnbit.

how did that happen? 

[anehh]

this user (farlack : https://bitcointalk.org/index.php?action=profile;u=68507) stolen my 19k rbit.
for now, i will wait exchange for returnbit.

What happen, do you OTC with farlack?
He is Neg Trus 

-2: -1 / +0
Warning: Trade with extreme caution!

[kaconk]

this user (farlack : https://bitcointalk.org/index.php?action=profile;u=68507) stolen my 19k rbit.
for now, i will wait exchange for returnbit.

What happen, do you OTC with farlack?
He is Neg Trus 

-2: -1 / +0
Warning: Trade with extreme caution!

yups, i try to make transaction with him..
he want to buy my 19k rbit (without using escrow) coz i believe with the his rank. but who know?
i already send my 19k rbit, and he dont send the btc. and he block my personal message.
i report him for untrusted person.
so, becarefull with farlack. -___-

*its is pure my mistake.

[taliwang]

Hello

excuse me Guys, how much the ICO price of returnbit ?

1 RBIT = 40000 satoshi

Sept 1-7 ICO price 0.00020000 BTC/RBIT
Sept 8-14 ICO price 0.00040000 BTC/RBIT

[nezto77]

I look at the list vote novaexcange , returnbit already have a full vote , and may stay there to wait for the list immediately . This is very regrettable , why someone should choose RBIT there? we can see, a lot of coin die and did not move in his stock there

[tusandii]

Hello

excuse me Guys, how much the ICO price of returnbit ?

1 RBIT = 40000 satoshi

Sept 1-7 ICO price 0.00020000 BTC/RBIT
Sept 8-14 ICO price 0.00040000 BTC/RBIT

wow that was good price, but it will be different story if rbit get listed in novaexchange. hmmm

[ReturnBits]

Hello

excuse me Guys, how much the ICO price of returnbit ?

1 RBIT = 40000 satoshi

Sept 1-7 ICO price 0.00020000 BTC/RBIT
Sept 8-14 ICO price 0.00040000 BTC/RBIT

wow that was good price, but it will be different story if rbit get listed in novaexchange. hmmm

Keep filling out the add form on yobit.

[lentzaj]

Hey all,

I thought I would chime in on the NovaExchange comments.


David is always molding his exchange trying to make it better. If you notice people can't buy and sell their own orders, which mean volume is stated truly. Just think if that were the case on other exchanges.

I have noticed the spreads are pretty bad sometimes on NovaExchange. Play the spreads to your advantage. 6 months ago there were volumes of .03BTC (at most). It is getting more awareness. 

It should be listed shortly. If not listed by end of day today, I will contact him.

The dumping factors are all on you investors. HOLD YOUR COINS. Buy at higher prices to keep the market functional. Don't let the emotions get in the way and always get listed on numerous exchanges.

Good luck team and investors.

*****Disclaimer*****

I'm just a patron of NovaExchange and not an employee or paid to promote.

[4rzun4]

I look at the list vote novaexcange , returnbit already have a full vote , and may stay there to wait for the list immediately . This is very regrettable , why someone should choose RBIT there? we can see, a lot of coin die and did not move in his stock there

It's bad news, if RBIT will listed on Novaexchange...
Volume on nova is low

[ioncanon]

dont sell under 20k sat,price will be stable

[ReturnBits]

Personally I like Nova Exchange, I would like to see more volume there, but regardless, I would like to be listed there.

[killerjoegreece]

I trust nova. Lets get listed there.