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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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nmat
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August 11, 2011, 04:54:52 AM |
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They do work, but they are pyramid schemes. You win if people enter after you. Last people entering will loose.
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tysat
Legendary
 Offline
Activity: 966
Merit: 1004
Keep it real
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August 11, 2011, 05:44:45 AM |
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There are so many of them now I wouldn't even bother.
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Mushroomized
Legendary
Offline
Activity: 1470
Merit: 1002
Hello!
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August 11, 2011, 05:48:15 AM |
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They work pretty well, but only if you get in early! Chances are if someone if referring you it is too late. That being said its a good way to get started with bitcoins!
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hi
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edd
Donator
Legendary
Offline
Activity: 1414
Merit: 1001
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August 12, 2011, 12:27:04 AM |
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Hey, that one's mine!  I like the pyramids better than random number generators since there is some skill involved in guessing how people will behave. Human nature being as unpredictable as it is, however... |
Still around.
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CoinHunter
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August 12, 2011, 05:13:40 AM |
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Hey, that one's mine! I like the pyramids better than random number generators since there is some skill involved in guessing how people will behave. Human nature being as unpredictable as it is, however... Nice little site there. Do you have any other works? |
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edd
Donator
Legendary
Offline
Activity: 1414
Merit: 1001
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August 12, 2011, 04:03:45 PM |
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Hey, that one's mine! I like the pyramids better than random number generators since there is some skill involved in guessing how people will behave. Human nature being as unpredictable as it is, however... Nice little site there. Do you have any other works? Sorry, didn't mean to imply that Bitcoinduit was mine, just the Round "Insomnia" that TheHumanatee linked to. That one expired, BTW, but Insomnia_2 is just starting! |
Still around.
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dree12
Legendary
Offline
Activity: 1246
Merit: 1077
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August 12, 2011, 07:05:09 PM |
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Hey, that one's mine! I like the pyramids better than random number generators since there is some skill involved in guessing how people will behave. Human nature being as unpredictable as it is, however... Aren't the RNGs more pyramid like than the bitcoinduit ones, which IMO are more like Ponzi schemes (you get payed with other investor's money rather than referal based towers)? |
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elux
Legendary
Offline
Activity: 1458
Merit: 1006
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August 12, 2011, 10:59:33 PM |
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Any pyramid or ponzi scheme will have a negative expected return on the investment for the majority of investors*.
*Victims (or suckers) are perhaps more appropriate words.
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ffuentes
Member
Offline
Activity: 70
Merit: 10
Only a curious passer-by / FirstBits: 13zsc1
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August 12, 2011, 11:04:06 PM |
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I don't understand why bitcoin people talks about Ponzi and Pyramids as something good.  |
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-FaerO-
Member
Offline
Activity: 84
Merit: 10
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August 12, 2011, 11:07:21 PM |
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Works great if you promote. Make sure you arent the last. If its consistently growing as bitcat.ch is then there is no fear of loss. My method works great. I have several accounts, all verified, references of each other. Therefore increasing my chances of grabbing random referrals. Increasing my chances of taking the jackpot. & increasing my income as well as paying myself back for initial investments. I have over 18 accounts verified all branched off each other. Now by only round 2 of being in it I have made back my investment & am guaranteed to make more in the rounds to come. I will be set with a consistent flow of BTC trickling in through each account as well as increase my income by adding more accounts as time goes on. Just know that you cant earn a referral for an account until it is verified. So you need to start with 1 & expand gradually. Ideally if we all work together we all help each other get paid. That being said I hope to see you all there. Heres my LINK: http://rand.bitcat.ch/?ref=83HappY TravelS -MR. CranE- |
ישראל לנצה... לחים
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dree12
Legendary
Offline
Activity: 1246
Merit: 1077
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August 13, 2011, 12:48:53 AM |
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Any pyramid or ponzi scheme will have a negative expected return on the investment for the majority of investors*.
*Victims (or suckers) are perhaps more appropriate words.
For the majority of investments any pyramid or ponzi scheme with less than 2x payout will have a positive actual return though. Expected or actual, you choose. |
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TheHumanatee (OP)
Newbie
Offline
Activity: 35
Merit: 0
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August 13, 2011, 03:48:20 AM |
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Kyt Dotson
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August 13, 2011, 06:29:15 AM |
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There are so many of them now I wouldn't even bother.
Agreed. Pyramid schemes, as they proliferate they're going to eventually collapse beneath their own weight. Although, it does move BTC around.  |
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RandyFolds
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August 13, 2011, 06:45:14 AM |
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Works great if you promote. Make sure you arent the last. If its consistently growing as bitcat.ch is then there is no fear of loss. My method works great. I have several accounts, all verified, references of each other. Therefore increasing my chances of grabbing random referrals. Increasing my chances of taking the jackpot. & increasing my income as well as paying myself back for initial investments. I have over 18 accounts verified all branched off each other. Now by only round 2 of being in it I have made back my investment & am guaranteed to make more in the rounds to come. I will be set with a consistent flow of BTC trickling in through each account as well as increase my income by adding more accounts as time goes on. Just know that you cant earn a referral for an account until it is verified. So you need to start with 1 & expand gradually. Ideally if we all work together we all help each other get paid. That being said I hope to see you all there. Heres my LINK: http://rand.bitcat.ch/?ref=83HappY TravelS -MR. CranE- Well, I doubt that's in the spirit of the game... |
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-FaerO-
Member
Offline
Activity: 84
Merit: 10
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August 13, 2011, 06:59:52 AM |
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Works great if you promote. Make sure you arent the last. If its consistently growing as bitcat.ch is then there is no fear of loss. My method works great. I have several accounts, all verified, references of each other. Therefore increasing my chances of grabbing random referrals. Increasing my chances of taking the jackpot. & increasing my income as well as paying myself back for initial investments. I have over 18 accounts verified all branched off each other. Now by only round 2 of being in it I have made back my investment & am guaranteed to make more in the rounds to come. I will be set with a consistent flow of BTC trickling in through each account as well as increase my income by adding more accounts as time goes on. Just know that you cant earn a referral for an account until it is verified. So you need to start with 1 & expand gradually. Ideally if we all work together we all help each other get paid. That being said I hope to see you all there. Heres my LINK: http://rand.bitcat.ch/?ref=83HappY TravelS -MR. CranE- Well, I doubt that's in the spirit of the game... The spirit of my game is profit |
ישראל לנצה... לחים
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RandyFolds
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August 13, 2011, 07:12:52 AM |
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Works great if you promote. Make sure you arent the last. If its consistently growing as bitcat.ch is then there is no fear of loss. My method works great. I have several accounts, all verified, references of each other. Therefore increasing my chances of grabbing random referrals. Increasing my chances of taking the jackpot. & increasing my income as well as paying myself back for initial investments. I have over 18 accounts verified all branched off each other. Now by only round 2 of being in it I have made back my investment & am guaranteed to make more in the rounds to come. I will be set with a consistent flow of BTC trickling in through each account as well as increase my income by adding more accounts as time goes on. Just know that you cant earn a referral for an account until it is verified. So you need to start with 1 & expand gradually. Ideally if we all work together we all help each other get paid. That being said I hope to see you all there. Heres my LINK: http://rand.bitcat.ch/?ref=83HappY TravelS -MR. CranE- Well, I doubt that's in the spirit of the game... The spirit of my game is profit Not when the guy that runs Bitcat.ch sees that you're gaming the fuck out of his well-intentioned system. |
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-FaerO-
Member
Offline
Activity: 84
Merit: 10
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August 13, 2011, 04:33:25 PM |
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Works great if you promote. Make sure you arent the last. If its consistently growing as bitcat.ch is then there is no fear of loss. My method works great. I have several accounts, all verified, references of each other. Therefore increasing my chances of grabbing random referrals. Increasing my chances of taking the jackpot. & increasing my income as well as paying myself back for initial investments. I have over 18 accounts verified all branched off each other. Now by only round 2 of being in it I have made back my investment & am guaranteed to make more in the rounds to come. I will be set with a consistent flow of BTC trickling in through each account as well as increase my income by adding more accounts as time goes on. Just know that you cant earn a referral for an account until it is verified. So you need to start with 1 & expand gradually. Ideally if we all work together we all help each other get paid. That being said I hope to see you all there. Heres my LINK: http://rand.bitcat.ch/?ref=83HappY TravelS -MR. CranE- Well, I doubt that's in the spirit of the game... Should have considered that fact before putting it out. People will always find an exploit. If everyone was doing what I do then its just a matter of who does it more. Same opportunity all around. Its fair The spirit of my game is profit Not when the guy that runs Bitcat.ch sees that you're gaming the fuck out of his well-intentioned system. |
ישראל לנצה... לחים
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