MakeBTC.org Pyramid Scheme

[JohnnyPierce]

If its safe to invest and this is just a conflict over the definition of gambling/investnment, I do believe that this threads title is a little misleading, there is a tremendous difference between gambling and a scam!

The title doesn't say scam; it says Pyramid Scheme, which I think it's accurate for the service.

It said "verified scam" just earlier!

[1714892890]

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[opnoskatt]

If its safe to invest and this is just a conflict over the definition of gambling/investnment, I do believe that this threads title is a little misleading, there is a tremendous difference between gambling and a scam!

The title doesn't say scam; it says Pyramid Scheme, which I think it's accurate for the service.

It said "verified scam" just earlier!

Yes, sorry for the confusion.  During some updates that were occurring on the site a few users thought that money had been taken by the site. It turns out there were just some changes to the page layouts and the site owner came out and cleared everything up.  Any missing BTC was promptly sent and everything is operating well now.

[coinchode]

Hey guys .. some free BTC and other alts for signing up here  http://qoinpro.com/59840c5039c4a3070bad2b9cddf6b09f and small payouts everyday. Peanuts I know, but nothing to lose.

[MakeBTC]

At least now the logs and my page are correct, they do show the correct values... but I've still be shorted on the amount of BTC for selling my level.  Here are the transactions from my withdrawals, which are now correct:

0.075
b8bc1f598a3a03ec479e1355ec4123314aec51402007fd4f6f052b35cfe785f0

0.125
b0ba163419d198c00cf741aeed5b5bf1e18ab69976efa8e9b14d4814aeb6edfd

0.12
89c7480419cb6d9988960be8777dbbd9c2e0849a52d170036318f998694aa2ac

0.2
11782d0ccb4f0db648c93c0abb57f17e4a6ecf9a1ccaff8a7e8432915b4ec3e7

0.25
e39f726a82f907623488229f460b760fb4e9b3d6dab23d8bc5040f9914e5fb15

0.28442398
0cc49c2089ca8172be4027c7afb1a9f76ca29f58cbd7a3804991082ff8afcef8

0.1
33a2f236b61509a6462edba092ba67d192bb26652273569b4148b06a745dd116



I have not received my full 1.764BTC for selling my level.  MakeBTC, if you feel this is in error please produce the transaction ID's which show otherwise, this should be rather simple to do in your system.

All your transaction from your first withdrawals till the end

b8bc1f598a3a03ec479e1355ec4123314aec51402007fd4f6f052b35cfe785f0 0.075

b0ba163419d198c00cf741aeed5b5bf1e18ab69976efa8e9b14d4814aeb6edfd 0.1251

7a5082cbba1e36e17a50f65d339d2008f559a2a709f10b17cf134572e6772caa 0.1251

89c7480419cb6d9988960be8777dbbd9c2e0849a52d170036318f998694aa2ac 0.1201

11782d0ccb4f0db648c93c0abb57f17e4a6ecf9a1ccaff8a7e8432915b4ec3e7 0.2001

e39f726a82f907623488229f460b760fb4e9b3d6dab23d8bc5040f9914e5fb15 0.2501

0cc49c2089ca8172be4027c7afb1a9f76ca29f58cbd7a3804991082ff8afcef8 0.28452398

42b4ee4c3e679b902cd3f247bc5eb22ef0185907f92acc985ad32ce4362503b7 0.081475

7cf6727d1f41829001ba81cb663ae05dc00b589b3329892b126cd79834b17926  0.0501

48e4f0a03a903753cd92f89089f9789ffe863f3d291b7b2a4a48303ff34d7045  0.2501

b92a5edf55e37f3f2bc26af858309875864d6a43aac1c929308638166ad49d36  0.1501

ffb03083e6ca6bbf496d79c143e547bcdfef5677eb35dbd475b0935399a7a013 0.03102

6646804ca057a3686487f29757e4a62ca724c83395ae3113f1a6855b5545197c  0.0261

97344ec5c23f86e6aa2ba9122a4eca62330a22e816d9e42b2be6acab2d32e20f 0.4551

33a2f236b61509a6462edba092ba67d192bb26652273569b4148b06a745dd116  0.1001

7831c654b5bd0981868c697e00f9f98882b338b3a1fe2201443bb435c58423af  0.3054

04417dbe9319f176fd2461f4704fb0b9da39d6b07d6cb9f4176111328da6254a  0.3521

e2058d2b5a5ef9652b6ad8679bc6fb26441d26daf4e0cf27dc494b583ec65476  0.0278

Here is all you withdrawals BTC by BTC.

I did not understand what you were unhappy?
Last withdraw transaction date: 01.02.2014 11:26. all in time.
Just doing bad things to other people.

[MakeBTC]

 Or the reason was, that i'm don't answering at forums? Please sorry that i'm spending my time improving my project, that will make btc to all of us, instead of chatting with you.

[guybrushthreepwood]

Just saw the advert. I wonder what bitcointalk wouldn't advertside? lol

[boumalo]

Just saw the advert. I wonder what bitcointalk wouldn't advertside? lol

I am very happy that the cash out problems got resolved, let's gamble now!

The adds will bring a lot of depositors, the bonuses are now reduced to 27% because the present members want to stay in, when we will pass bank16 a lot of players will reinvest their income and the add campaign on Bitcointalk will probably still be ongoing so we should also pass bank17 in two or three weeks; passing a new bank is now less expensive since the BTC price is decreasing
You could get a 71% bonus a few days ago..It seems like a lot now

If the deposits slow down again, the bonuses will increase and that should increase the deposits and allow the players to withdraw money

Let's imagine that the deposits slow down a lot, if someone is ready to sell its level for a 80% discount ie get 0.2 per 1BTC of level sold it means that someone depositing 1BTC could get a 200% bonus, the bank level will raise of 0.50 and 0.50 will be withdraw to the player that sold 2.5BTC level for 0.5BTC
Getting a 200% bonus will certainly make a few players deposit, even at bank 20 or more

[opnoskatt]

There should definitely be additional levels reached as more people start selling/buying at higher bonus levels.  I think a few "whales" need to get introduced to the system to see if a couple >1BTC investments can be made.  Maybe use something like coinbomb.com to advertise and bring in known gamblers.

[MakeBTC]

There should definitely be additional levels reached as more people start selling/buying at higher bonus levels.  I think a few "whales" need to get introduced to the system to see if a couple >1BTC investments can be made.  Maybe use something like coinbomb.com to advertise and bring in known gamblers.

Thank you. It is interesting.

[surfer43]

simple maths will tell you what to do 

[guybrushthreepwood]

simple maths will tell you what to do 

They'll all collapse at some point, but the people who get in early wont care as long as they get out with profit.

[MakeBTC]

simple maths will tell you what to do 
https://upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Pyramid_scheme.svg/800px-Pyramid_scheme.svg.png

They'll all collapse at some point, but the people who get in early wont care as long as they get out with profit.

   Those, who really understand how MakeBTC works with level selling, know that this is not pyramid anymore.

[TomRobert]

I put 0.1 in this scheme, we will see what happens.

Anyway I tried http://coinbomb.com/ yesterday and earned .2btc now I'm waiting in "group" ponzi scheme if it wont go off they are returning money.
Looks interesting because it's just the begining and the stakes are not so high

[Cognitive2013]

simple maths will tell you what to do 
https://upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Pyramid_scheme.svg/800px-Pyramid_scheme.svg.png

They'll all collapse at some point, but the people who get in early wont care as long as they get out with profit.

   Those, who really understand how MakeBTC works with level selling, know that this is not pyramid anymore.

Mr MakeBTC is correct, this is not a pyramid scheme in the exponential sense of the diagram above. For example, as of now to reach level 16 we need about another 6 BTC. Then to reach level 17 we will need 17 BTC. If history is any judge, 25% to 50% of those 17 BTC will be reinvested from those who received BTC from level 16. The remaining amount will come from new investors, or possibly from old investors adding new funds (who are in this situation equivalent to new investors).

So technically it is correct that new investors are required to reach each bank, and in that sense MakeBTC has some qualities of a pyramid scheme. However, the amount of BTC required to reach each bank is so small in comparison to the number of BTC in existence it is quite plausible to think that new investors entering even now, will make a profit on their investment. At some point in the future, new investors may slow down so much that it will take so long to reach a new bank, that it will be clear that it would take years to clear a profit. But we are a long way from there at the moment.

The fact that existing investors can now "cash out" by selling their acculmulated levels for BTC (at a discount) also makes it easier to lock in profits after having reached a few banks.

The interactions between beetje2007, opnoskatt and Mr MakeBTC on this forum have been very instructive; MakeBTC has shown itself to be transparent, honest and willing to fix problems. As far as I can tell, this forum is the only place on the internet (!) where MakeBTC has been discussed in detail, and with the owner participating.

[guybrushthreepwood]

There are many different versions of pyramid and other similar schemes. The way it works is still pyramidal in nature.

[beetje2007]

simple maths will tell you what to do 
https://upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Pyramid_scheme.svg/800px-Pyramid_scheme.svg.png

They'll all collapse at some point, but the people who get in early wont care as long as they get out with profit.

   Those, who really understand how MakeBTC works with level selling, know that this is not pyramid anymore.

Mr MakeBTC is correct, this is not a pyramid scheme in the exponential sense of the diagram above. For example, as of now to reach level 16 we need about another 6 BTC. Then to reach level 17 we will need 17 BTC. If history is any judge, 25% to 50% of those 17 BTC will be reinvested from those who received BTC from level 16. The remaining amount will come from new investors, or possibly from old investors adding new funds (who are in this situation equivalent to new investors).

So technically it is correct that new investors are required to reach each bank, and in that sense MakeBTC has some qualities of a pyramid scheme. However, the amount of BTC required to reach each bank is so small in comparison to the number of BTC in existence it is quite plausible to think that new investors entering even now, will make a profit on their investment. At some point in the future, new investors may slow down so much that it will take so long to reach a new bank, that it will be clear that it would take years to clear a profit. But we are a long way from there at the moment.

The fact that existing investors can now "cash out" by selling their acculmulated levels for BTC (at a discount) also makes it easier to lock in profits after having reached a few banks.

The interactions between beetje2007, opnoskatt and Mr MakeBTC on this forum have been very instructive; MakeBTC has shown itself to be transparent, honest and willing to fix problems. As far as I can tell, this forum is the only place on the internet (!) where MakeBTC has been discussed in detail, and with the owner participating.

 Absolute agree with you Cognitive2013. Mr Makebtc has shown that he is absolutly prepared to solve the problem which is solved on his site. He is open for comment and a very honest man. Thats why I deposit again on his site. I think he is a very smart guy so the site will remain. New and old investors will see that the profits will grow and grow. I think we all gonne have a lot of fun with this site. Very interesting!!

[cobeyana]

simple maths will tell you what to do 
https://upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Pyramid_scheme.svg/800px-Pyramid_scheme.svg.png

The numbers of makeBTC

level   number of people who made a depossit
  1                  19
  2                  34
  3                  45
  4                  56
  5                  61
  6                  67
  7                  74
  8                  77
  9                  84
 10                 92
 11                103
 12                108
 13                131
 14                144
 15                180
 16                 ??
So you can see there are still people in world population to make it easely to level 200.

[surfer43]

simple maths will tell you what to do 

The numbers of makeBTC

level   number of people who made a depossit
  1                  19
  2                  34
  3                  45
  4                  56
  5                  61
  6                  67
  7                  74
  8                  77
  9                  84
 10                 92
 11                103
 12                108
 13                131
 14                144
 15                180
 16                 ??
So you can see there are still people in world population to make it easely to level 200.

My point stands 
Still will get uncontrollable 

[Sonny]

If its safe to invest and this is just a conflict over the definition of gambling/investnment, I do believe that this threads title is a little misleading, there is a tremendous difference between gambling and a scam!

The title doesn't say scam; it says Pyramid Scheme, which I think it's accurate for the service.

If you check a few post above you, you will find the original title was "MakeBTC.org Pyramid Scheme - VERIFIED SCAM" 

[boumalo]

simple maths will tell you what to do 

The numbers of makeBTC

level   number of people who made a depossit
  1                  19
  2                  34
  3                  45
  4                  56
  5                  61
  6                  67
  7                  74
  8                  77
  9                  84
 10                 92
 11                103
 12                108
 13                131
 14                144
 15                180
 16                 ??
So you can see there are still people in world population to make it easely to level 200.

My point stands 
Still will get uncontrollable 

If you are talking long term yes it is uncontrollable, except if you change the rules along the way to keep it going
And you have to admit it could still go for a while before it stops or slow down a lot. A lot of new money was deposited and a lot of old players sold their level so we are looking at new players that will keep their income invested for a few levels

I won't advise anyone to play though because it would be like advising someone to play dice or roulette but it is definitely fun while it lasts and I except to get my money back within a few banks; play responsibly and have fun!