Bitcoin Pyramid [Beta] - the oldest working pyramid? [OLD THREAD]

Quote from: Yeti on July 19, 2011, 07:17:17 AM

Couldn't sign up with referral link, Captcha is supposedly wrong (Opera 11.5 and Firefox 5). Worked like a charm without any link, but I fear that my referrals might try the same "trick" and it won't work.

Oh, by the way, regarding Captchas...

Thank you for information! I am trying to reproduce it. Are you sure you don't open Bitcoin Pyramid in several tabs ? (their captchas may interfere)

Just made a deposit. Looking forward to seeing how this turns out.

Quote from: arsenische on July 19, 2011, 03:21:59 PM

Quote from: Yeti on July 19, 2011, 07:17:17 AM

Thank you for information! I am trying to reproduce it. Are you sure you don't open Bitcoin Pyramid in several tabs ? (their captchas may interfere)

No, I don't think I did. I could however sign up normally with my referral link, so that seems to be in order.

I like the instant payouts! No "payout" button to click, no "minimum 1 BTC". That's the way a pyramid scheme should be done!

Currently each member receives 50% of income of his/her referrals.

Since membership is free, some members build a sequence of zero-accounts thus reducing the profit of their sponsors, which is not quite fair.

I propose to change the rules and to implement the following algorithm:

When member deposits newDeposit btc, his/her sponsor will receive max( min(0.5*newDeposit, 0.01), min(depositedBySponsor, 0.5*newDeposit) ) btc and the remainder will go to random member(s).
When member's balance hits the threshold (currently 0.021 btc), his/her sponsor will receive max( min(0.5*balance, 0.01), min(depositedBySponsor, 0.5*balance) ) btc, 0.5*balance will go to member's withdrawal address, and the remainder will go to random member(s).

Thus newcomers without bitcoins will be able to start earning bitcoins for free, and at the same time people who have bitcoins will not be too interested in making many zero-accounts. I expect that this measure will increase the profits of those who deposit something.

What do you think, is it worth of implementing?

I've seen the problem, but wouldn't this solution negatively affect those who have "real" (not self-registered) zero deposit referrals as well?

Quote from: anodyne on July 19, 2011, 05:52:14 PM

I've seen the problem, but wouldn't this solution negatively affect those who have "real" (not self-registered) zero deposit referrals as well?

This solution would decrease profits of zero deposit members (hence it would also decrease direct profits received from zero deposit referrals). But still free members would be able to earn some profit for them and their sponsors (and to reinvest it). On the other hand members who deposited something would have more chances to win random payments. I think that would be good for the whole scheme.

The other solution could be just to tolerate what is happening and to hope that not all the members use "greedy" strategy and there will be always a sense in having referrals

Quote from: Yeti on July 19, 2011, 03:33:08 PM

Thank you for kind words.

PS: I couldn't reproduce the problem with Firefox 5, nor with Opera 11.5 (Windows 7). I can get a captcha error only if I type it wrong or if I open the page in several tabs of a single browser.

Maybe it had to do with referrer 50? I don't know. I consider this bug as "worksforme".

Would like to see stats of how many levels the pyramid has, and how many users are in each level.

Quote from: opticbit on July 21, 2011, 01:55:27 AM

Would like to see stats of how many levels the pyramid has, and how many users are in each level.

Thank you for your feedback! I think it would be nice to see this info for each member since pyramid is a recursive structure (each member is on the top of his/her subpyramid). But amount of levels is not limited and I don't know yet how to implement it effeciently.

Maybe I could just add the following fields to each member:

member's level (from the top of the pyramid)
maximum depth of member's subpyramid
total amount of members in member's subpyramid

(and update them upon member creation)

That seems to be easier. Do you think that would be enough?

I just got a new referral from the future:

Created: 2011-07-21 13:21:19
Server time: 2011-07-21 10:50:20

Maybe not a big deal, but it seems like something that should be on the to-do list.

Quote from: anodyne on July 21, 2011, 09:53:57 AM

I just got a new referral from the future:

Created: 2011-07-21 13:21:19
Server time: 2011-07-21 10:50:20

Maybe not a big deal, but it seems like something that should be on the to-do list.

Thank you! (that one was easy to fix

)

Quote from: arsenische on July 21, 2011, 09:26:56 AM

Quote from: opticbit on July 21, 2011, 01:55:27 AM

Would like to see stats of how many levels the pyramid has, and how many users are in each level.

member's level (from the top of the pyramid)
maximum depth of member's subpyramid
total amount of members in member's subpyramid

(and update them upon member creation)

That seems to be easier. Do you think that would be enough?

sounds good.

Quote from: Yeti on July 20, 2011, 07:31:14 AM

Maybe it had to do with referrer 50? I don't know. I consider this bug as "worksforme".

whats wrong with referrer 50

When I tried the link on your shiny banner the website would always complain about the Captcha being invalid. So I launched the site again without the referral code and it worked. Sorry.

Quote from: Yeti on July 22, 2011, 02:59:31 PM

When I tried the link on your shiny banner the website would always complain about the Captcha being invalid. So I launched the site again without the referral code and it worked. Sorry.

Hmmmm... I don't like it Wink

. That is why I have not many referrals despite shininess of my banner Cheesy

... But as far as I've got some more referrals recently, now it's fixed, I hope.

What about development? Would we see a beta-version soon?

Quote from: Yeti on July 22, 2011, 02:59:31 PM

When I tried the link on your shiny banner the website would always complain about the Captcha being invalid. So I launched the site again without the referral code and it worked. Sorry.

Thank you very much, now I got it: the link started with "www"-prefix, that caused the problem (sorry, myhoho). I've just added support for links with "www" prefix to prevent this kind of problem in future.

Sad panda

. Goodbye, my missed profit. Probably, we've missed a lot of people who just wasn't able to pass through the Captcha ...

Quote from: arsenische on July 19, 2011, 05:28:41 PM

I propose to change the rules and to implement the following algorithm:

When member deposits newDeposit btc, his/her sponsor will receive max( min(0.5*newDeposit, 0.01), min(depositedBySponsor, 0.5*newDeposit) ) btc and the remainder will go to random member(s).
When member's balance hits the threshold (currently 0.021 btc), his/her sponsor will receive max( min(0.5*balance, 0.01), min(depositedBySponsor, 0.5*balance) ) btc, 0.5*balance will go to member's withdrawal address, and the remainder will go to random member(s).

No doubts, this rule is the foundation stone of successful structure! I vote for it!

Quote from: myhoho on July 22, 2011, 03:59:45 PM

What about development? Would we see a beta-version soon?

The plan is to have Beta by August, 15:
1. Release a version with new algorithm of money distribution [by July, 25]
2. Release a version which shows number of levels of the pyramid [by August, 1]
3. Maybe add some social buttons for twitter/facebook [by August, 8]
4. See how it works for a week. If everything is fine and no bugs found, then:
4.1. call it Beta-version [by August, 15]
4.2. resume paying small bonuses for newcomers who send me their memberId
4.3. start advertizing Bitcoin Pyramid outside the forum