MakeBTC.org Pyramid Scheme

[hilariousandco]

Looking forward to my 2nd bank.  So far so good!!

I look forward as well I have had many successful payments so far from makebtc

Out of interest how much are you in profit?

[pixelized]

Looking forward to my 2nd bank.  So far so good!!

I look forward as well I have had many successful payments so far from makebtc

Out of interest how much are you in profit?

pixelized
Level: 0.29
Income:(0.197 + 0.01) BTC
Withdrew: 0.118 BTC
Sold: 0 BTC
Deposited:(0.2 + 0) BTC

so if i sell all my level this Bank at 50% I make a 0.06ish profit from a 0.2 deposit i have received 5-6 payments so far always amount as promised and i have reinvest half to maintain payout amount

[hilariousandco]

Looking forward to my 2nd bank.  So far so good!!

I look forward as well I have had many successful payments so far from makebtc

Out of interest how much are you in profit?

pixelized
Level: 0.29
Income:(0.197 + 0.01) BTC
Withdrew: 0.118 BTC
Sold: 0 BTC
Deposited:(0.2 + 0) BTC

so if i sell all my level this Bank at 50% I make a 0.06ish profit from a 0.2 deposit i have received 5-6 payments so far always amount as promised and i have reinvest half to maintain payout amount

So you're not yet within profit on what you've withdrawn?

[boumalo]

4.39BTC to go, that doesn't seem like a lot when some players are depositing 2BTC and at least one is depositing 0.4 + everyday

The adds on bitcointalk will stop within 2days though so the deposits may slow down which means that the bonuses will rise because people will want to withdraw.

Big bonuses entice people to deposit since they can earn more and big bonuses also means that a bigger portion of the deposit is used for bank

makeBTC could add the feature that 50% of a deposit is used to pay those who want to sell their levels, it means that deposits could get bonuses higher than 100% which is not possible right now : a bonus of 100% will be awarded if someone sells 1BTC for 0.33, 200% bonus if someone sells 1BTC for 0.2
I would deposit for a 200% bonus even if the website is slow and I don't think I am the only one...

[Cognitive2013]

Back in the good old days when you could specify any bonus level, I set up so that I would sell my whole 1BTC level at 0.05 discount, i.e. I would get 0.95 BTC. Totally legal but unfortunately Mr MakeBTC noticed and changed the rules so that the minimum discount is 50%.

I could sell my whole level at 50% and clear a net profit on the venture, but I will stay in for a few more rounds until I do that. Gotta admit, MakeBTC is quite fun.

[boumalo]

4.23 to go before next bank

makeBTC is not advertised on bitcointalk anymore, let's see how much deposits we still get, next bank is close so I am guessing we weill be fine

[Cognitive2013]

Heads up everyone, something strange happening over at the ranch. Some dude named yqzip just deposited 5 BTC over the course of one minute in 8 transactions (?!) and now the bank says

"Bank has collected 17.14 of 17 BTC" but no payout.

 

I suspect something fishy going on. Hopefully Mr MakeBTC can fix it, let's see.

[jmalec]

I have noticed since the Mt Gox situation gained steam then blew up that confirmations are taking longer in the Bitcoin system in general. This has slowed payouts from many sites.

Keeping a positive thought on MakeBTC.org, here's hoping the site is simply waiting for the appropriate number of confirmations before it cycles. That would be a standard precaution. Most sites show the deposit after 1-2 of 3 or more confirmations though don't allow access until all are received.

Though I have no other insight, I thought I'd share my observations and analysis. Mr BTC, please clarify if you kindly would when you have a moment. I'm thinking/hoping at the moment you are overseeing the cycle itself. As would be appropriate.

[boumalo]

I have noticed since the Mt Gox situation gained steam then blew up that confirmations are taking longer in the Bitcoin system in general. This has slowed payouts from many sites.

Keeping a positive thought on MakeBTC.org, here's hoping the site is simply waiting for the appropriate number of confirmations before it cycles. That would be a standard precaution. Most sites show the deposit after 1-2 of 3 or more confirmations though don't allow access until all are received.

Though I have no other insight, I thought I'd share my observations and analysis. Mr BTC, please clarify if you kindly would when you have a moment. I'm thinking/hoping at the moment you are overseeing the cycle itself. As would be appropriate.

Of course makeBTC wants to control that everything is fine before we pass next bank or maybe it is automatic after the last deposit received a certain number of confirmations

makeBTC definitely controls before withdraws

This could just be someone depositing 5BTC, it seems huge, it is crazy; if the website get advertised and if the rules change in order to keep the deposits coming we can still go way further than bank18; I remember people saying it was over when we were bank13

[jmalec]

Since we know the cycle takes some manual intervention, perhaps the large deposit to put the bank over the top caught Mr MakeBTC by surprise and he is out of pocket? Another thought.

[Chancellor]

Every pyramid scheme reaches a point where its organizer grabs the rest of money and vanishes.

[boumalo]

Every pyramid scheme reaches a point where its organizer grabs the rest of money and vanishes.

If the organizer made a lot of deposits early on he wants more deposits to get more profit

I think what you are saying is still basically right, they are anonymous, usually not great people and there is a lot of money available so they tend to steal it

makeBTC has been paying everyone and taking care of all problems so he seems to be aiming for a long term profit instead of a small quick gain

[jmalec]

Bank 17 finally cycled this morning along with Banks 18 and 19 shortly after 17. It looks like there were no withdrawals on any of the 3 banks, approximately 3.84 of new deposits were made this morning and all sells have processed so there are no current bonuses. This leaves us at 19.14 of 20 BTC as I'm writing this.

Definitely an interesting ride!

[boumalo]

hahaha!! I thought it went sc.am but not at all

I didn't receive my withdraw of bank17 yet though

I thought that someone could do that a few weeks ago : buy in and go through a few banks very fast by adding 1BTC each time, did someone receive his withdraw from bank17??

EDIT : Apparently it is not exactly what happened, there has been a few deposits; I sold 0.1 level and I asked for a withdraw on bank17 but both didn't happen, it may be a small error in the system, makeBTC will probably come to explain everything soon

[Cognitive2013]

I also did not receive my withdrawal. Instead all my income was reinvested. But it appears that additional investors are still coming in to add the 1BTC to get to the next bank. I have asked for 0.1BTC withdrawal from bank 20. We will see if that happens or not.

I have to say, this is all fairly strange. Very slow for a couple of weeks, and now this.

Mr MakeBTC seemed to have very good control over things for a long time - I remember there was a hack about a month ago which he just reversed with no apparent ill effects.

Let us hope that he can post an explanation of what is going on and hopefully fix things.

I vaguely remember somebody saying that he was Russian - I hope he is not caught up in all the craziness currently happening in Ukraine. That would be a pretty good explanation as to why we haven't heard from him! But I hope that is not the case.

[cobeyana]

I also did not receive my withdrawal. Instead all my income was reinvested. But it appears that additional investors are still coming in to add the 1BTC to get to the next bank. I have asked for 0.1BTC withdrawal from bank 20. We will see if that happens or not.

I have to say, this is all fairly strange. Very slow for a couple of weeks, and now this.

Mr MakeBTC seemed to have very good control over things for a long time - I remember there was a hack about a month ago which he just reversed with no apparent ill effects.

Let us hope that he can post an explanation of what is going on and hopefully fix things.

I vaguely remember somebody saying that he was Russian - I hope he is not caught up in all the craziness currently happening in Ukraine. That would be a pretty good explanation as to why we haven't heard from him! But I hope that is not the case.

I have the same problem with bank 17
Yesterday i put 0.28 in my account to withrow but today when I logged in there was standing 0 again, so I changed it again
Lets see if tomorrow there will be 0 again.

[boumalo]

I also did not receive my withdrawal. Instead all my income was reinvested. But it appears that additional investors are still coming in to add the 1BTC to get to the next bank. I have asked for 0.1BTC withdrawal from bank 20. We will see if that happens or not.

I have to say, this is all fairly strange. Very slow for a couple of weeks, and now this.

Mr MakeBTC seemed to have very good control over things for a long time - I remember there was a hack about a month ago which he just reversed with no apparent ill effects.

Let us hope that he can post an explanation of what is going on and hopefully fix things.

I vaguely remember somebody saying that he was Russian - I hope he is not caught up in all the craziness currently happening in Ukraine. That would be a pretty good explanation as to why we haven't heard from him! But I hope that is not the case.

I have the same problem with bank 17
Yesterday i put 0.28 in my account to withrow but today when I logged in there was standing 0 again, so I changed it again
Lets see if tomorrow there will be 0 again.

Same for me I asked for a withdraw for bank 20 yesterday but today no withdraw planned so I asked it again, maybe it is now reset every 24h : if you ask for a withdraw next bank everyday

[terracyde]

I've received a new payment from MakeBTC. Time to check your adresses guys

According to the amount received, currently we've get payments from the 17th bank.

I hope we can get some imformation from MakeBTC, anyway it's nice to see the system still goes on..

[Allow]

This site is a f***ing scam!

I tried to withdraw at 17th bank and 20th bank (why 17 to 20 lol???), and they never paid me, only reinvenst.

WTF

[Allow]

There are too many 0 withraws, but owner always steals our BTC:

- 05:33 Ki$$ Income: 1.5398 BTC | Withdrew: 1.485 BTC

LOL

This is f***ing ridiculous!