Ponzi! Get in early!

[WolfCalvary]

new ponzi just opened up! come make some Bitcoins!

ROI: 34%
Jackpot: 0%
Fees: 0.0%
Minimum Deposit: 0.1000 BTC
Maximum Deposit: 1.0000 BTC

[WolfCalvary]

new ponzi just opened up! come make some Bitcoins!

ROI: 34%
Jackpot: 0%
Fees: 0.0%
Minimum Deposit: 0.1000 BTC
Maximum Deposit: 1.0000 BTC

I feel stupid... forgot the link........
http://bitcoinduit.com/game/viewRound.php?id=1Ponzi

[viboracecata]

How do you make the profits?

[timmey]

How do you make the profits?

usual ponzi scheme:
- guy One pays 1BTC to the deposit address
- guy Two enters the game with 0.5BTC (overall pot is raised to 1.5BTC)
- ROI is 34%, guy One is first in line, he payed 1BTC, return is 1BTC x 34% = 1.34BTC
- guy One receives 1.34BTC payout (overall pot is reduced 0.26BTC)
- guy Two must wait for others to refill the pot for his payout
- repeat until ponzi collapse


tl;dr: Get in early to make profit

[thisisgil]

Interesting that people actually admit to running ponzi schemes now - Bitcoin truly is a revolutionary currency

Anybody from these boards thrown any coins in that can keep us updated as to how they do?

[indio007]

Well these ponzi's are gambling really. You only need to  ask yourself. "What are the  odds I got in early enough?"

[Hollie]

http://rand.bitcat.ch - The Best place to earn Bitcoins. I Turned .5 btc into 5btc. There is no limit to how much you can win back, EVER!

[thisisgil]

I know a lot of people who lost big on that, Ninja.

There's no such thing as a free lunch!

[Stefanie Andrea]

I know a lot of people who lost big on that, Ninja.

There's no such thing as a free lunch!

How can you lose big?

.5 btc isn't even a lot.

[Lolcust]

Heh, I wonder if there exists a ready-made open-source bitcoin ponzi engine ^__^

[Stefanie Andrea]

Heh, I wonder if there exists a ready-made open-source bitcoin ponzi engine ^__^

Maybe ask the Creators where they got theirs