MakeBTC.org Pyramid Scheme

[hilariousandco]

I think it's possible to reach level 30+. Also if chinese bitcoin holders discover the site, even further levels we can see in a few months.

Why would the Chinese be interested in pyramid schemes? They tend to invest their money wisely.

My friend, you are clearly not that familiar with China... just look at the amount of fraudulent schemes they fell for, for example to get a green card for the US - google China EB-5 visa fraud...

People of any nationality fall for scams, but the Chinese generally tend to be pretty smart-witted with their investments and building businesses etc.

[1714000581]

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[FlyForFun]

Well.. this one is at least unique.  It's pretty early so I've jumped in... hoping not to end up on the bad end of the pyramid so it would probably be good if everyone signed up 

MakeBTC.org

Scam!!!, this kind of scheme always make late comer lose out....

[JohnnyPierce]

Well.. this one is at least unique.  It's pretty early so I've jumped in... hoping not to end up on the bad end of the pyramid so it would probably be good if everyone signed up 

MakeBTC.org

Scam!!!, this kind of scheme always make late comer lose out....

It's not a scam! At the very least its a scheme for the top tiers to earn from the lower ones, but it's not a scam!

[quone17]

Well.. this one is at least unique.  It's pretty early so I've jumped in... hoping not to end up on the bad end of the pyramid so it would probably be good if everyone signed up 

MakeBTC.org

Scam!!!, this kind of scheme always make late comer lose out....

It's not a scam! At the very least its a scheme for the top tiers to earn from the lower ones, but it's not a scam!

Well, you just explained a pyramid scheme exactly.  So it depends if you call a pyramid scheme a scam.  In other words, there is no way to make money unless more people join.  If it is paying out, then I wouldn't call it a scam (but I would call it a stupid use of money).

[opnoskatt]

Well.. this one is at least unique.  It's pretty early so I've jumped in... hoping not to end up on the bad end of the pyramid so it would probably be good if everyone signed up 

MakeBTC.org

Scam!!!, this kind of scheme always make late comer lose out....

It's not a scam! At the very least its a scheme for the top tiers to earn from the lower ones, but it's not a scam!

Well, you just explained a pyramid scheme exactly.  So it depends if you call a pyramid scheme a scam.  In other words, there is no way to make money unless more people join.  If it is paying out, then I wouldn't call it a scam (but I would call it a stupid use of money).

I think that's the key, I wouldn't consider this a scam since it's advertising as exactly what it is.

[JohnnyPierce]

Well.. this one is at least unique.  It's pretty early so I've jumped in... hoping not to end up on the bad end of the pyramid so it would probably be good if everyone signed up 

MakeBTC.org

Scam!!!, this kind of scheme always make late comer lose out....

It's not a scam! At the very least its a scheme for the top tiers to earn from the lower ones, but it's not a scam!

Well, you just explained a pyramid scheme exactly.  So it depends if you call a pyramid scheme a scam.  In other words, there is no way to make money unless more people join.  If it is paying out, then I wouldn't call it a scam (but I would call it a stupid use of money).

I think that's the key, I wouldn't consider this a scam since it's advertising as exactly what it is.

Only lawmakers and leftists would consider a pyramid scheme a scam, a pyramid scheme is an archetype for any economy without central regulation. Which is exactly what Bitcoin pertains to achieve!

[guybrushthreepwood]

Well.. this one is at least unique.  It's pretty early so I've jumped in... hoping not to end up on the bad end of the pyramid so it would probably be good if everyone signed up 

MakeBTC.org

Scam!!!, this kind of scheme always make late comer lose out....

It's not a scam! At the very least its a scheme for the top tiers to earn from the lower ones, but it's not a scam!

Well, you just explained a pyramid scheme exactly.  So it depends if you call a pyramid scheme a scam.  In other words, there is no way to make money unless more people join.  If it is paying out, then I wouldn't call it a scam (but I would call it a stupid use of money).

I think that's the key, I wouldn't consider this a scam since it's advertising as exactly what it is.

Only lawmakers and leftists would consider a pyramid scheme a scam, a pyramid scheme is an archetype for any economy without central regulation. Which is exactly what Bitcoin pertains to achieve!

I think any sane or rational person would see this for exactly what it is - a pyramid scam. It's like calling Russian Roulette a Scheme or a scam. Sure, you might get out alive but someone's gonna get fucked during the game so it's a scam.

[terracyde]

I think the point is we don't know where we are of the pyramid at a time. For example it's currently at 14th bank level. If the attraction of the people stops at 30th level, a person invests 1 BTC to the system 'today' can earn 1.5 BTC when we reach to 30. But if we're on the top of pyramid yet, and lets say we'll reach lvl 90 till people get bored from the system, same person can earn 4.96 BTC from the system.

I was thinking that it was so late to enter to the system, when I made a tiny investment. Today I calculated the amount of BTC at the system when I entered. And it was 4.26 BTC. After 6 days, amount raised to 26.93 BTC. That's a quite fast expansion giving me the idea of still we're at somewhere close to top of pyramid..

[boumalo]

That doesn't seem too wise to deposit money on this website because it will end up badly but it should be extremely fun in the meantime so I deposited 0.1, let's play

[boumalo]

You will get 0.0132 BTC from next bank.
You withdraw 0  BTC.
You spend 0.0132 BTC on level up.

They don't allow me to withdraw the money I will win next bank, is it normal?

[opnoskatt]

You will get 0.0132 BTC from next bank.
You withdraw 0  BTC.
You spend 0.0132 BTC on level up.

They don't allow me to withdraw the money I will win next bank, is it normal?

You should be able to put a value (lower than .0132 obviously) in the withdraw box and then click OK.  That should set you up for the next round.

[boumalo]

You will get 0.0132 BTC from next bank.
You withdraw 0  BTC.
You spend 0.0132 BTC on level up.

They don't allow me to withdraw the money I will win next bank, is it normal?

You should be able to put a value (lower than .0132 obviously) in the withdraw box and then click OK.  That should set you up for the next round.

I thought I could withdraw 0.0132 but it has to be strictly lower than 0.0132

I cannot have my 0.1 back, it is lost, I just have the winnings to withdraw now, I didn't get that before sending the money

[JohnnyPierce]

You will get 0.0132 BTC from next bank.
You withdraw 0  BTC.
You spend 0.0132 BTC on level up.

They don't allow me to withdraw the money I will win next bank, is it normal?

You should be able to put a value (lower than .0132 obviously) in the withdraw box and then click OK.  That should set you up for the next round.

I thought I could withdraw 0.0132 but it has to be strictly lower than 0.0132

I cannot have my 0.1 back, it is lost, I just have the winnings to withdraw now, I didn't get that before sending the money

I believe you can input all your deposit and current bank earnings to withdraw when the level changes.

Also, even if one coultn't withdraw, we're entering this system very early, by watching the logs one can see that it takes about 2 days for the level to turn, which means that as the site gains popularity it will reach higher levels much faster.

If we deposit 1 BTC today (and we never withdraw) at level 300 we will have over 390 BTC!!

Yes, let me say this again, if we enter today with 1 BTC and we hold all withdraws until it reaches level 300 (which should take about a year), we will have 390 f*cking BTCs in a year!

And considering that within a year, the value of BTC may be anything between $1000 and $5000, we will all be millionaires.

I seriously believe that if this site is legit, it is one of the best investnment opportunities for those who lost the earlier days of bitcoin.

The potential benefits outweigh the risks by a longshot!

[boumalo]

13.99 to 14 to pass the next level

[JohnnyPierce]

13.99 to 14 to pass the next level

It stands to reason that within 1-2 weeks will reach level 30!

[opnoskatt]

You will get 0.0132 BTC from next bank.
You withdraw 0  BTC.
You spend 0.0132 BTC on level up.

They don't allow me to withdraw the money I will win next bank, is it normal?

You should be able to put a value (lower than .0132 obviously) in the withdraw box and then click OK.  That should set you up for the next round.

I thought I could withdraw 0.0132 but it has to be strictly lower than 0.0132

I cannot have my 0.1 back, it is lost, I just have the winnings to withdraw now, I didn't get that before sending the money

You're correct, you can't withdraw your deposits, that money goes directly into the current level and serves to place you on the ladder based on your "level".  With a little patience and a few level gains you'll get your deposit back plus more depending on how many levels are achieved.  I came in ~level 9 and will start pulling all profit after 2 more levels.

[pixelized]

ok its banked - hopefully the payment will come soon

[boumalo]

Half the level reachs immediatly seems pretty good, 7 out of 15BTC, how much was it on level 14&13?

We need a few early players to deposit and a few big players that deposit 1 + BTC, I don't recommend depositing to anyone even if I need people to deposit if I want to get some profits.

This is definitely fun, for now. Don't deposit money you are not willing to lose guys

[guybrushthreepwood]

Has anyone made a profit or broke even yet? If not, when will you?

[opnoskatt]

Has anyone made a profit or broke even yet? If not, when will you?

I deposited 1.5BTC, just over 1BTC withdrawn so far.  2 more levels and I'll be all profit, not bad for one week.