BTC Ponzi (btc.fairponzi.com)

[durrrr]

be aware that ponzis are scams. they may payout once but remember 1 out of 10 people profit and most of the time the ponzi owner will take people funds and run. be careful guys and gamble in a casino

[rohnearner]

be aware that ponzis are scams. they may payout once but remember 1 out of 10 people profit and most of the time the ponzi owner will take people funds and run. be careful guys and gamble in a casino

Gambling in casino's is a risk too..! I'll suggest to keep your btc in your wallet that is a kind of gamble too... 1btc=560$ today next month it may rise to 600-700$ or maybe 400-500$ :p but investing in ponzis is not recommended..! except if i come up with one :p

[bmL]

be aware that ponzis are scams. they may payout once but remember 1 out of 10 people profit and most of the time the ponzi owner will take people funds and run. be careful guys and gamble in a casino

Gambling in casino's is a risk too..! I'll suggest to keep your btc in your wallet that is a kind of gamble too... 1btc=560$ today next month it may rise to 600-700$ or maybe 400-500$ :p but investing in ponzis is not recommended..! except if i come up with one :p

If You do so get ready for being called thieft few times a day (Yet with time passing it gets more calm)
If my ponzi does not speed up then I will be closing it after second round and publishing code so You will be able to do the ponzi without much effort

Putting that aside I've added some more informations on the page. Feel free to tell me if You are missing something.

[andrevn]

i guess that first round will never end.

damn! my boss will be paid too... 

[wdl1908]

There is a problem with the site when using firefox.

I can't copy the deposit address.

If the input field is disabled then firefox can't access the data that is in that field.

This is firefox under linux.

[wdl1908]

This looks very promising.

All elements are there.

- Total deposits
- Total Payouts
- Total fees
- Total wallet balance so users can check how much is missing for the next deposit.

A number of changes to consider.
- Lower the transaction fee to 0.0001 (blockchain records it as 0.0001 but site says 0.001)
- Lower the confirmations count to 1
- If there is no deposit within 48 hours instead of paying 200% pay out the wallet balance to the last deposit.
- Enable automatic payouts

[wdl1908]

- If there is no deposit within 48 hours instead of paying 200% pay out the wallet balance to the last deposit.

I'm not sure the 48 hour rule is going to work.

Not if it's applied to the deposits. What if you apply the 48 rule to the payout time?

[andrevn]

if that become openSource, there are a lot of contributors already!


it is working so far 

[wdl1908]

yep working fine.

got paid for a deposits and one referrer.

[bmL]

This looks very promising.

All elements are there.

- Total deposits
- Total Payouts
- Total fees
- Total wallet balance so users can check how much is missing for the next deposit.

A number of changes to consider.
- Lower the transaction fee to 0.0001 (blockchain records it as 0.0001 but site says 0.001)
- Lower the confirmations count to 1
- If there is no deposit within 48 hours instead of paying 200% pay out the wallet balance to the last deposit.
- Enable automatic payouts

The tx fee on site is total transactions fee of all transactions the tx fee size is decided by the BTC client itself to ensure payouts will go smothly.
I've lowered required confirmations to 2. This makes extra 10 minutes (this is the BTC block time). I will research more deeply into it and decide if lowering it to 1 confirmation would be wise decision. It's an safety metter.
I am considering unlocking wallet for instant payouts. Any more investors want instant payouts in exchange for lower security (I'm not saying wallet will be fully exposed but it will in fact be less secure)?
Your idea of replacing the 200% payouts seems interesting I will consider it and decide tomorow/after tomorow.

- If there is no deposit within 48 hours instead of paying 200% pay out the wallet balance to the last deposit.

I'm not sure the 48 hour rule is going to work.

Not if it's applied to the deposits. What if you apply the 48 rule to the payout time?

It would be easy to change but could You please explain me why should it be better? This would shorten the round few hours but nothing more.

[wdl1908]

The tx fee on site is total transactions fee of all transactions the tx fee size is decided by the BTC client itself to ensure payouts will go smothly.

Yeah saw that later on when more transactions where paid.

I've lowered required confirmations to 2. This makes extra 10 minutes (this is the BTC block time). I will research more deeply into it and decide if lowering it to 1 confirmation would be wise decision. It's an safety metter.

From what I know from the bitcoin protocol if a transaction is confirmed one time it's confirmed forever.

I am considering unlocking wallet for instant payouts. Any more investors want instant payouts in exchange for lower security (I'm not saying wallet will be fully exposed but it will in fact be less secure)?
Your idea of replacing the 200% payouts seems interesting I will consider it and decide tomorow/after tomorow.

- If there is no deposit within 48 hours instead of paying 200% pay out the wallet balance to the last deposit.

I'm not sure the 48 hour rule is going to work.

Not if it's applied to the deposits. What if you apply the 48 rule to the payout time?

It would be easy to change but could You please explain me why should it be better? This would shorten the round few hours but nothing more.

The reason behind is this.

If someone sees that the 48 hours are almost up he can send a small deposit that is not high enough to trigger a payout.. Then the 48 hours starts again so this can go forever.

If on the other hand the 48 hours start to count from the last payout it does not matter how many small deposits come in that trigger no payout. When the last payout is 48 hours old then you start paying 200% from the last deposit made to the second to last etc until the wallet is empty.

By the way try to combine referrer payouts. A transaction fee of 0.0001 on a payout of 0.000055 is rather wasteful.

[jayc89]

The tx fee on site is total transactions fee of all transactions the tx fee size is decided by the BTC client itself to ensure payouts will go smothly.

Yeah saw that later on when more transactions where paid.

I've lowered required confirmations to 2. This makes extra 10 minutes (this is the BTC block time). I will research more deeply into it and decide if lowering it to 1 confirmation would be wise decision. It's an safety metter.

From what I know from the bitcoin protocol if a transaction is confirmed one time it's confirmed forever.

I am considering unlocking wallet for instant payouts. Any more investors want instant payouts in exchange for lower security (I'm not saying wallet will be fully exposed but it will in fact be less secure)?
Your idea of replacing the 200% payouts seems interesting I will consider it and decide tomorow/after tomorow.

- If there is no deposit within 48 hours instead of paying 200% pay out the wallet balance to the last deposit.

I'm not sure the 48 hour rule is going to work.

Not if it's applied to the deposits. What if you apply the 48 rule to the payout time?

It would be easy to change but could You please explain me why should it be better? This would shorten the round few hours but nothing more.

The reason behind is this.

If someone sees that the 48 hours are almost up he can send a small deposit that is not high enough to trigger a payout.. Then the 48 hours starts again so this can go forever.

If on the other hand the 48 hours start to count from the last payout it does not matter how many small deposits come in that trigger no payout. When the last payout is 48 hours old then you start paying 200% from the last deposit made to the second to last etc until the wallet is empty.

By the way try to combine referrer payouts. A transaction fee of 0.0001 on a payout of 0.000055 is rather wasteful.

Which means players can abuse the counter. E.g send a few satoshi (w/e the min limit is) just to stop the counter - essentially grief playing.

[wdl1908]

Which means players can abuse the counter. E.g send a few satoshi (w/e the min limit is) just to stop the counter - essentially grief playing.

Yes indeed but if the timer is placed on the payouts it can't happen. This also means auto payments are needed.

[wdl1908]

A small site design improvement.

When clicking on a transaction please let it open in a new window/tab --> target="_blank"

[bmL]

Which means players can abuse the counter. E.g send a few satoshi (w/e the min limit is) just to stop the counter - essentially grief playing.

Yes indeed but if the timer is placed on the payouts it can't happen. This also means auto payments are needed.

Ok I will proppably change the 48 hour to be related to last payout and enable the automatic payouts.

The referral payout vs tx fee problem is in fact my total failure. IDK why I didn't think about it. Will be fixing it soon.

Also I will be proppably adding soon poll on site to let You decide the rules of second round (payout percent, round length, referral payout percent what to do with the cash left at the end of round, etc.) .

A small site design improvement.

When clicking on a transaction please let it open in a new window/tab --> target="_blank"

I will proppably add both options there. Something like:

vv >>

Where vv shows it under transaction and >> opens in new window.

[bmL]

There is a problem with the site when using firefox.

I can't copy the deposit address.

If the input field is disabled then firefox can't access the data that is in that field.

This is firefox under linux.

And about that: I will convert the input into text later.

[wdl1908]

Which means players can abuse the counter. E.g send a few satoshi (w/e the min limit is) just to stop the counter - essentially grief playing.

Yes indeed but if the timer is placed on the payouts it can't happen. This also means auto payments are needed.

Ok I will proppably change the 48 hour to be related to last payout and enable the automatic payouts.

The referral payout vs tx fee problem is in fact my total failure. IDK why I didn't think about it. Will be fixing it soon.

Also I will be proppably adding soon poll on site to let You decide the rules of second round (payout percent, round length, referral payout percent what to do with the cash left at the end of round, etc.) .

A small site design improvement.

When clicking on a transaction please let it open in a new window/tab --> target="_blank"

I will proppably add both options there. Something like:

vv >>

Where vv shows it under transaction and >> opens in new window.

Nice to see you are open too feedback.

I think the upper limit of 0.5 is too high make it around something like 0.1 for the rest I like the setup. I hope this runs a long time. All the other ponzi's i've played are very short lived or turned into scams at the end.

Anyway with clear rules it's better than a dice game or one of those casinos where they can tweak the algo without anyone knowing about it.

[bmL]

From what I know from the bitcoin protocol if a transaction is confirmed one time it's confirmed forever.

This is not entirely true. If orphant block shows up transactions will be reverted. Im not sure what happens then: are transactions resubmited by clients or just stay orphant. This could break up the btc flow in script and that is what I'm affraid of.

[rnmss]

I can be wrong but there is something strange there...
Shouldnt Id´s 6 and 7 already be paid?
 

Nope. Current wallet balance is 0.002717 You can calculate total deposits - total payouts - fees - tx fees to see that everything is right.
Last payout was pretty high (compared to deposits after it) that's what makes it look unnatural. But everything seems OK.
Correct me if You see any misscalculation.

@rnmss I want to make it clear how it works. I don't intend to steal from people Well anyway if this does not speed up I'm not sure if I am gonna lunch event second round.

crazy people who joins ponzi depends on other crazy people joining to make profit
this is reaaally clever, all the crazy ones will come aboard until there's no one outside
just don't be the last one 

[wdl1908]

From what I know from the bitcoin protocol if a transaction is confirmed one time it's confirmed forever.

This is not entirely true. If orphant block shows up transactions will be reverted. Im not sure what happens then: are transactions resubmited by clients or just stay orphant. This could break up the btc flow in script and that is what I'm affraid of.

After reading up on it a bit I agree 2 is the absolute minimum.