kelsey
Legendary
Offline
Activity: 1876
Merit: 1000
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April 09, 2014, 01:08:07 AM |
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and who says we don't need rules here ?
now scammers are posting what they themselves call Ponzi schemes WHICH ARE ILLEGAL
just when you think the bar can't get any lower we sink even lower..
A ponzi scheme is illegal because investors don't know they are being scammed and the interested recieved is out of others deposits (not the operator successfully making profits). This is a GAME every player knows the game, knows where the money comes from, knows they can make 20% or lose it all, so no one bets more then they can lose. I've played several rounds and have been paid the 20% profit each time
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daeminium
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April 09, 2014, 02:32:02 AM |
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and who says we don't need rules here ?
now scammers are posting what they themselves call Ponzi schemes WHICH ARE ILLEGAL
just when you think the bar can't get any lower we sink even lower..
A ponzi scheme is illegal because investors don't know they are being scammed and the interested recieved is out of others deposits (not the operator successfully making profits). This is a GAME every player knows the game, knows where the money comes from, knows they can make 20% or lose it all, so no one bets more then they can lose. I've played several rounds and have been paid the 20% profit each time x2 I won and I lost, but no one pays 10 0 20% without any risk;-) Do not play unless you are ready to lose. Translation :-(
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kelsey
Legendary
Offline
Activity: 1876
Merit: 1000
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April 09, 2014, 12:49:40 PM |
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this one runs for a whole week, maybe change that in the OP
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kelsey
Legendary
Offline
Activity: 1876
Merit: 1000
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April 10, 2014, 08:18:11 AM |
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now I know there's a 30 ltc cap, so I guess to start you're not suppose to do multiple 30 ltc deposits, but is it ok once you've been paid to submit more ltc in that round (especially if there are rounds that go for 7 days) ?
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poncrypto (OP)
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April 10, 2014, 09:18:22 AM |
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this one runs for a whole week, maybe change that in the OP fixed
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poncrypto (OP)
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April 10, 2014, 09:20:07 AM |
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now I know there's a 30 ltc cap, so I guess to start you're not suppose to do multiple 30 ltc deposits, but is it ok once you've been paid to submit more ltc in that round (especially if there are rounds that go for 7 days) ?
There is no way we can stop "multisend" or multiple consecutive amounts so the limit exists as a warning to new players. We know for a fact people play several times with 30LTC and sometimes one right after another or with multisend, there is no real way to stop it so it is allowed.
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kelsey
Legendary
Offline
Activity: 1876
Merit: 1000
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April 14, 2014, 01:01:38 AM |
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me thinks 7 days was too long
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poncrypto (OP)
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April 14, 2014, 07:34:29 AM |
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me thinks 7 days was too long Nice we are going to do 24 hour blitz ones like before... had to to try different models to make sure
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poncrypto (OP)
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April 17, 2014, 01:13:58 AM |
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Slow start tonight needs a big finish with a promotoion ... can be easy wins!
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badchild
Member
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Activity: 113
Merit: 10
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April 17, 2014, 09:11:49 AM |
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Is there really someone trust 'such games'?
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poncrypto (OP)
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April 17, 2014, 09:26:34 AM |
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Is there really someone trust 'such games'? We ran 10 rounds with LTCponzi.com and ponzidoge.com transparency is on the blockchain people loose if they are not fast or if there is no next investors but we keep it honest and transparent.
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jkister
Newbie
Offline
Activity: 13
Merit: 0
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April 20, 2014, 03:03:47 AM |
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how about if the round doesnt get 30 players then you pay them out to 100% from the 5%/+30/too late pool.
and ditch the 200% at the end, unless it never comes out of the general pool.
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poncrypto (OP)
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April 20, 2014, 05:38:13 AM |
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how about if the round doesnt get 30 players then you pay them out to 100% from the 5%/+30/too late pool.
and ditch the 200% at the end, unless it never comes out of the general pool.
Hey thanks for the input. Not sure what this means "100% from the 5%/+30/too late pool." If the game is under 5 players we cancel it and refund everybody minus the transaction fee which is .001. What we did is lower the minimum to 3LTC and the 110% for returns this way out of 100 equal players 85 will win! We are also going to run this for 14days just to give everyone a fair shot! Lets hope it works!
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salmion
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April 24, 2014, 08:46:59 AM |
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err if my deposit shows up in the address but not on the players list have I lost my ltc?
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poncrypto (OP)
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April 24, 2014, 10:48:50 PM |
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err if my deposit shows up in the address but not on the players list have I lost my ltc?
Had a freak bug due to limits changed.... thanks for bring it up all fixed! The power of the BLOCKCHAIN!
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poncrypto (OP)
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April 24, 2014, 10:55:34 PM |
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err if my deposit shows up in the address but not on the players list have I lost my ltc?
And again we apologize for the inconvenience. We tried to improve the game with limits changing and that is what caused a bug. Luckily it is all verifiable by bloc chain so your deposit is safe in its original order and there is plenty of time to get paid.
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