Virtual Tulips

[Sothh]

Thought I would start a simple Ponzi like game on the boards.

How it works:

I will sell a virtual tulip for BTC0.01

The price then doubles.  When the next person buys the tulip for BTC0.02 the current owner gets 150% what he paid, and I get 50%.

After each round the price will double.

How to play:

Simply send the current price to 1AxJXz5YrpHaQC7aKwCJTT46y3ShtnqJZZ.  I will update the current owner, and will payout to your address once the tulip sells again.

Current holder:



Sothh
howeth

Price:

BTC0.02

[howeth]

I'll try it out.

Tx: https://blockchain.info/tx/cb8c477bd2fb0842f55f57918d2599525ceb64ef763d428243f1c4de79a89e79

[keatonatron]

And Sothh was never heard from again.


(kidding)

[Sothh]

And Sothh was never heard from again.


(kidding)

Still here.  You think its worth running off over BTC0.01?

Now if it gets up to 20 or 30...   

[🏰 TradeFortress 🏰]

Don't worry, you'll get there soon.

0.01
0.02
0.04
0.08
0.16
0.32
0.64
1.28
2.56
5.12
10.24
20.48
40.96
81.92
163.84

[Boelens]

Isn't this just yet another ponzi scheme?

[Sothh]

Isn't this just yet another ponzi scheme?

Yep.  Did you read the first line of the OP?   

Nothing wrong with a ponzi as long as you know its such before hand. 

Anyone going to help poor howeth?  His tulips starting to wilt.

[Boelens]

Isn't this just yet another ponzi scheme?

Yep.  Did you read the first line of the OP?   

Nothing wrong with a ponzi as long as you know its such before hand. 

Anyone going to help poor howeth?  His tulips starting to wilt.

Oh, sorry, my bad.

[howeth]

Anyone going to help poor howeth?  His tulips starting to wilt.

  Anyone?

[Mooshire]

This is what happens when you participate in a ponzi. You are the last one to buy it, you lose money, and the owner profits.