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Author Topic: [1 BTC] Bitcoin Doubler, plus referral program.  (Read 12899 times)
Alex Beckenham
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April 04, 2011, 06:25:06 PM
 #1

My first attempt at a site with direct transaction handling (without using MyBitcoin.com or similar).

A simple doubler for 1 btc, pays out 2 btc to the next person in line:
http://sldoubler.com

Refer people to the site and earn 0.20 btc for every entry they pay for.

Please leave feedback for me as I also did this as an academic excercise.

Thanks

Edit: I just deleted my 2 test entries from the top, so real members that aren't me will start getting paid.
The Active entries counter relies on confirmations, so those of you (THANKS BY THE WAY) that have paid for entries, they are still on 0 conf at the moment.

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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Ownski
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April 04, 2011, 06:45:02 PM
 #2

How does this work exactly?

Money is the oldest magic trick in the book.
Alex Beckenham
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April 04, 2011, 06:49:39 PM
 #3

How does this work exactly?

Each person pays 1 btc to go on a list.

Every time 3 entries are received, it causes a 'cycle' which means the next person on the list gets 2 btc sent to them.

For each 3 btc in, it pays out 2.6 btc. So the site keeps 0.13333333 per entry received.

Edit: I should point out that even if it takes you forever to reach the top of the list, you can still get paid 0.2 for all your referrals' entries.

Alex Beckenham
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April 04, 2011, 06:58:55 PM
 #4

So what happens if someone uses my reflink? http://sldoubler.com/?id=6

If someone pays for an entry using your referral link, you'll get 0.2 btc as soon as the entry has 1 confirmation.

randomguy7
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April 04, 2011, 07:00:15 PM
 #5

How many blocks are required for confirmation (in the line)? When will the payout be processed?

Is the 14 your lucky number? Then use this link to sign up: http://sldoubler.com/?id=14 (lol)
Alex Beckenham
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April 04, 2011, 07:02:34 PM
 #6

How many blocks are required for confirmation (in the line)? When will the payout be processed?

Just 1 block.

+ plus some time for a cron to run. It's currently set to run every 5 minutes while the site is new.

idev
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April 04, 2011, 07:59:42 PM
 #7

Well done and nice work  Grin

I actually wanted to start a bitcoin doubler, but i can't code
for the life of me.

Just joined also, good luck with the site.
nphard
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April 04, 2011, 10:21:33 PM
 #8

Cool idea. Hope for my sake it catches on  Tongue
TiagoTiago
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April 04, 2011, 11:38:55 PM
 #9

It's like a pyramd, right?

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar!

Do you like mmmBananas?!
Gavin Andresen
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April 05, 2011, 12:00:03 AM
 #10

Do these types of 'make money without doing anything productive' schemes bother anybody else, or am I just a financial prude who doesn't recognize harmless fun when I see it?

I feel like we might soon need a Frequently Seen Schemes to go along with our FAQ, just to let people know that using a different currency doesn't suspend the laws of economics.

How often do you get the chance to work on a potentially world-changing project?
error
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April 05, 2011, 12:03:05 AM
 #11

Do these types of 'make money without doing anything productive' schemes bother anybody else, or am I just a financial prude who doesn't recognize harmless fun when I see it?

I feel like we might soon need a Frequently Seen Schemes to go along with our FAQ, just to let people know that using a different currency doesn't suspend the laws of economics.

I don't participate in things like this, precisely because it bothers me. It feels too much like ripping someone off, or getting ripped off, and not knowing which going into the transaction.

15UFyv6kfWgq83Pp3yhXPr8rknv9m6581W
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April 05, 2011, 01:20:11 AM
 #12

It's like a pyramd, right?
Yup, and those at the top get the mostest, while those at the bottom get the leastest (if anything). Just another Ponzi scheme.

I have no problem with someone messing about with Bitcoin to enable direct payment. And this is one thing that doesn't actually require selling anything. But, it should be clear that is in fact a Ponzi scheme and that those at the bottom will receive nothing.

(Personally, I'd prefer to see more Bitcoin laundries, clean those bitcoins!)

1NNtT9WQZc2EftEQtkQLSN7obzogckEqq5
All the cool kids are leaving a donation address in their sig?
State-less capitalist society = Mafia run society. Capitalist apologists who support such this, are not anarchists.
Alex Beckenham
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April 05, 2011, 02:18:08 AM
 #13

I don't participate in things like this, precisely because it bothers me. It feels too much like ripping someone off, or getting ripped off, and not knowing which going into the transaction.

For me it feels like letting people use their own free will to participate in a game, or not participate.

mitchy
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April 14, 2011, 10:34:53 AM
 #14

I like it !!

http://sldoubler.com/?id=52 ;]


Backup your wallet !!
nphard
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April 16, 2011, 06:21:20 AM
 #15

For me it feels like letting people use their own free will to participate in a game, or not participate.

I agree. I think most people are smart enough to view this as a form of gambling. As long as you're upfront with how the system works (and you are in the FAQ), I don't see the problem.
gamerkingx
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April 16, 2011, 07:29:43 AM
 #16

Started today , hope it works Cheesy.

http://sldoubler.com/?id=59 <-- if someone wants Cheesy

2 blocks (118612-118614)  further and no confirmation???

I got hacked please contact me if the hacker contacted you for something.
Alex Beckenham
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April 16, 2011, 07:48:07 AM
 #17

Started today , hope it works Cheesy.

http://sldoubler.com/?id=59 <-- if someone wants Cheesy

2 blocks (118612-118614)  further and no confirmation???

Is it confirmed yet? What address did you send to?

gamerkingx
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April 16, 2011, 08:02:44 AM
 #18

Started today , hope it works Cheesy.

http://sldoubler.com/?id=59 <-- if someone wants Cheesy

2 blocks (118612-118614)  further and no confirmation???

Is it confirmed yet? What address did you send to?


Well it got 1 confirmed block now and the adress is in my signature.

I got hacked please contact me if the hacker contacted you for something.
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April 16, 2011, 09:02:44 PM
 #19


I just did it, with paid to referrer 59 gamekingx

http://sldoubler.com/?id=61


Alex Beckenham
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April 17, 2011, 12:59:26 AM
 #20

Well, quite a few people have had their bitcoins doubled so far... it would be nice to hear from them. Who are you? Smiley

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