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Author Topic: Bitcoin Pyramid [Beta] - the oldest working pyramid? [OLD THREAD]  (Read 58457 times)
Hippie Tech
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December 15, 2014, 05:53:57 AM
 #441

Why are you bringing fiat/USD rates into this equation ?

http://bitcoinpyramid.com/member/4795
http://bitcoinpyramid.com/member/5002

Lets not mix oranges and apples. Okie ?

0.12171888 BTC me plzzzz. Grin



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arsenische
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December 15, 2014, 09:37:36 AM
 #442

Why are you bringing fiat/USD rates into this equation ?

Because payouts should be proportional to the value transferred into the pyramid. Bitcoin is too volatile to be a good measure of value yet. USD fits better (ideally we should consider USD inflation too, but it is not that significant).

Does it sound convincing?

I think if the new owner preserves the hierarchy and doesn't significantly change the rules, s/he should debase members' weights with respect to historical USDBTC rates. It should give newcomers more incentive to make deposits and generate income for existing members. It is better to have a lower share of a larger income than to have a higher share of ever-decaying negligible income, isn't it?

This is just a suggestion, I am posting it here to get your feedback. Would you like to preserve the pyramid in its current zombi-state, or would you prefer to sell it and to get a proportional share of its price?

There is a chance that new owner will develop and promote the pyramid and there is a risk that s/he will destroy it. I don't know, not even sure if anybody buys it.

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December 18, 2014, 04:57:35 PM
 #443

Do you think anybody would like to buy the pyramid? What should be the minimum price?

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December 23, 2014, 10:47:45 AM
 #444

hello i need to change my bitcoin(withdraw) adress in bitcoin pyramid! How or where can i do this Huh
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December 23, 2014, 12:05:18 PM
 #445

hello i need to change my bitcoin(withdraw) adress in bitcoin pyramid! How or where can i do this Huh


Sorry, the pyramid is read only, there is no way to verify that you own your account unless you own your old address.

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December 23, 2014, 12:25:08 PM
 #446

i own my old adress but i forgot my pass Sad
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December 23, 2014, 12:33:13 PM
 #447

i own my old adress but i forgot my pass Sad

You mean you forgot your wallet password?

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December 23, 2014, 12:34:57 PM
 #448

yes forgot my wallet pass stupid me  Sad
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December 23, 2014, 12:36:13 PM
 #449

yes forgot my wallet pass stupid me  Sad

How to solve this?

Is there any way to get your pass back?

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arsenische
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December 23, 2014, 12:41:10 PM
 #450

yes forgot my wallet pass stupid me  Sad

You need to decrypt your wallet. If you remember a fraction of your password or likely parts of it then there should be tools that allow you to try all the combinations. I never used such tools though, but would like to know about them too.

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December 23, 2014, 12:43:26 PM
 #451

yes forgot my wallet pass stupid me  Sad

You need to decrypt your wallet. If you remember a fraction of your password or likely parts of it then there should be tools that allow you to try all the combinations. I never used such tools though, but would like to know about them too.

ok thx i try to find out ! i think i remember parts of it .
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December 23, 2014, 12:50:18 PM
 #452

does it still works?

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dr1980m
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December 23, 2014, 01:16:56 PM
 #453

does it still works?

i want to ask same quesştion Smiley
i remember that site maybe one year before
when i saw this topic i was in shock Smiley
does it still alive?

arsenische
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December 23, 2014, 04:48:42 PM
 #454

does it still works?

i want to ask same quesştion Smiley
i remember that site maybe one year before
when i saw this topic i was in shock Smiley
does it still alive?

yes, kind of. you can check it here: http://bitcoinpyramid.com/history

the problem is I don't develop it, a lot of things could be done. so I am considering to try to sell it (see https://bitcointalk.org/index.php?topic=29390.msg9843427#msg9843427)

do you think anybody would buy it? how much could it cost?

arsenische
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December 24, 2014, 07:08:28 PM
 #455

Ok, here are the options:

1. I got a request from a member who looks trustworthy. He could create a new anonymous account at bitcointalk, take over the pyramid and develop it. He is likely to preserve the hierarchy and protect the interests of existing members at the same time making the Pyramid more attractive to the newcomers.

2. I can try to auction the Pyramid with starting price of 10K USD in Bitcoins. Not sure if anybody would buy it, but if it happens then every pyramid member could get a compensation based on the average USD value of his/her deposits (at their respective dates).

3. I can auction the Pyramid with starting price of 100 USD in Bitcoins and partially compensate pyramid members based on ~USD value of their deposits.

Why are you bringing fiat/USD rates into this equation ?

Because payouts should be proportional to the value transferred into the pyramid. Bitcoin is too volatile to be a good measure of value yet. USD fits better (ideally we should consider USD inflation too, but it is not that significant).

Which option would you prefer?

If I auction the site, I don't know who will win the auction and if that person would preserve the hierarchy. That's why compensation is important.

But probably there are members who lost their bitcoin addresses or don't want to be compensated. I could give some time for members to claim their compensation and after that I could compensate only the ones that did so. Should I require to claim a compensation? If yes then should I require the claims to be signed by members' withdrawal addresses?

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January 12, 2015, 10:31:55 PM
 #456

I'm not exactly sure what I need to do to get in this, I made my member account with my deposit address, but how to I get people to help me and how do I help others?

http://bitcoinpyramid.com/r/17119
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January 13, 2015, 03:34:15 PM
 #457

Bitcoin Pyramid is for sale!

arsenische
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February 05, 2015, 01:01:46 AM
 #458

Here are few important news:

1. Bitcoin pyramid has been auctioned and sold for 0.52 btc to user bitcoinpyramid. I hoped to get more money for it but I am happy that bitcoinpyramid won because s/he is enthusiastic about development of the service and I think s/he can be trusted.

2. Domain name ownership has been transferred but still points to my server. We are working to migrate to a new server (that I don't have access to). Registration of new members is temporary disabled, sorry about it.

3. As promised, withdrawal threshold has been lowered, many members received withdrawals today.

4. I created a weighted list of withdrawal addresses of members that spent more BTCs than received them and sent the money to it as a tiny compensation / gratuity for participation (should arrive in a hour or so). Update: it sent out ~0.47 btc in 4 transactions: 1, 2, 3, 4. Other transactions failed because amounts are too small and bitcoind considers them dust, sorry.

I will let you know when transition is finished and will give a link to a new official thread of the Bitcoin Pyramid.

Update: new official thread is here: https://bitcointalk.org/index.php?topic=947148

arsenische
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February 09, 2015, 10:33:30 PM
 #459

The pyramid migrated to a new server, member registration is available again. I am locking this thread, please discuss here.

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