Bitcoin pyramid scheme [btcpyramid.eu]

[Bit-Gods]

You will pay to 1-2 people and run away with your 0.02 BTC
Enjoy 

[leex1528]

So I think you have your drawing wrong on your site.

If the "new person" pays .01, how do 2 other people get .01?

Basically somehow they get .02 out of .01

That math just doesn't add up.

its a ponzi, each level requires twice the number of payments to fulfil the level above.

level 1 required 2 x 2nd tier
level 2 required 4 x next level
level 3 requires 8 x

and so on.

I understand its a ponzi, but the math still has to add up in a ponzi.

In his example the bank would already be in negative money, so he couldn't possibly pay out .02 if someone deposited .01, unless of course he is paying out with his own money(which I am super sure he would do that)

Anyway, the bank should be broke...

[btcpyramid2k14]

Let me explain it a little bit better,

For every new level below you, you will earn 0.01BTC

http://s21.postimg.org/z1vpgoqt3/pyramid.png

only level 1 will earn 0.02BTC and that's me.

so why should I scam when I have the best position in this game?


A short demonstration:

8 new players in level 4 pay 0.08BTC

There are 4 players in level 3 and everyone earns 0.01BTC than there is 0.04BTC left.

there are 2 players in level 2 and both of them earn 0.001BTC than there is 0.02BTC left for level 1.


So the difference between this pyramid scheme and a ponzi is that you always earn the same amount of money EVERYTIME WHEN THERE IS A NEW LEVEL! with only 1 investment. you can invest multiple times so you can earn (for example if you have 3 investments) 0.03 for every new level!


I am open for more questions

Regards,

[raskul]

are you going to make this clear on your website?

[Parham6]

i like beer, lots.
lots of beer is good with me  

You already earned 50% back to buy beer

indeed I did.

and the only reason was to trick others into giving their coins, but you already know that anyway.

[raskul]

i like beer, lots.
lots of beer is good with me  

You already earned 50% back to buy beer

indeed I did.

and the only reason was to trick others into giving their coins, but you already know that anyway.

probably, that's how ponzi's work. lol

[leex1528]

I think I got it, Just was explained very poorly on the website.

The way you made it sound for every new player that enters level 4, All level 3 players earn .005 per player, not per level complete

[Parham6]

I think I got it, Just was explained very poorly on the website.

The way you made it sound for every new player that enters level 4, All level 3 players earn .005 per player, not per level complete

Don't even waste your energy trying to think about ponzis, they're a scam anyway. Good luck trying to get in and get out quickly.

[leex1528]

I think I got it, Just was explained very poorly on the website.

The way you made it sound for every new player that enters level 4, All level 3 players earn .005 per player, not per level complete

Don't even waste your energy trying to think about ponzis, they're a scam anyway. Good luck trying to get in and get out quickly.

I don't think you understand how this thing works at all Parham.  I have been very good at Ponzis in the past, this one I will not enter but the first part of doing well at Ponzis is understanding how they work, which you don't.

This ponzi would work if you got in the first or 2nd level, anything below that is worthless.  And if you do become part of this ponzi, you can't exit ever.....but why would you want to, you only have to pay once and everyone else pays you beyond that...Every level that completes you get paid more, so yeah you don't want to leave(I don't even think that is an option)

Anyway, try reading and understanding things before blindly judging them without any knowledge.

Thanks

[raskul]

remember kids, don't pay out any more than you can afford to lose 

[Parham6]

Anyway, try reading and understanding things before blindly judging them without any knowledge.

Oh I understand them pretty well, someone will eventually get scammed in the end and everyone who participated is guilty of setting the things up for the last person(s) who get(s) scammed.

[leex1528]

Anyway, try reading and understanding things before blindly judging them without any knowledge.

Oh I understand them pretty well, someone will eventually get scammed in the end and everyone who participated is guilty of setting the things up for the last person(s) who get(s) scammed.

Again, I must ask you to understand how ponzi's work and what the term scammed means.  Once you figure out that it is mathematically impossible to continue forever, the last person is not going to get scammed, he is going to lose his money though....However in most ponzis they state that they will not pay out if no one continues investing, so in a way it is gambling.  Now I don't know about you, but if you lose at a casino and call them scammers, you will get blacklisted for life and they won't allow you to come back in. 

Ponzis are gambling, and usually they are a safe gamble for awhile.

[raskul]

Anyway, try reading and understanding things before blindly judging them without any knowledge.

Oh I understand them pretty well, someone will eventually get scammed in the end and everyone who participated is guilty of setting the things up for the last person(s) who get(s) scammed.

that's a bit of a broad and slanderous comment - I sent the OP some beer money (on account of the fact that he even tries to set up a website for this ponzi - made me LOL quite vigourously) , where am I guilty of scamming anyone?

I suggest that, if you have any accusations to make, you post them in the relevant forum section - HERE

[Parham6]

However in most ponzis they state that they will not pay out if no one continues investing, so in a way it is gambling.

Putting up a warning sign saying there's a chance I might scam you doesn't make it any less than a scam, and no it's not gambling. Casino's are mathematically "provably fair" and ponzis are not. *end of discussion*

that's a bit of a broad and slanderous comment - I sent the OP some beer money (on account of the fact that he even tries to set up a website for this ponzi - made me LOL quite vigourously) , where am I guilty of scamming anyone?

You've made a deposit, now there's proof they paid back. It's gonna attract more users and one of them will eventually get scammed. And it's technically a scam, unless you can prove ponzis are provably fair.

Not to mention that most of them are an outright scam and run away with the money somewhere in the middle anyway. I assume we're talking about a "legit" ponzi that doesn't run away.

[raskul]

However in most ponzis they state that they will not pay out if no one continues investing, so in a way it is gambling.

Putting up a warning sign saying there's a chance I might scam you doesn't make it any less than a scam, and no it's not gambling. Casino's are mathematically "provably fair" and ponzis are not. *end of discussion*

that's a bit of a broad and slanderous comment - I sent the OP some beer money (on account of the fact that he even tries to set up a website for this ponzi - made me LOL quite vigourously) , where am I guilty of scamming anyone?

You've made a deposit, now there's proof they paid back. It's gonna attract more users and one of them will eventually get scammed. And it's technically a scam, unless you can prove ponzis are provably fair.

Not to mention that most of them are an outright scam and run away with the money somewhere in the middle anyway. I assume we're talking about a "legit" ponzi that doesn't run away.

i've offered the link, and advised you use the scam accusations subsection, that's what it's there for.

I suggest that, if you have any accusations to make, you post them in the relevant forum section - HERE

[Parham6]

i've offered the link, and advised you use the scam accusations subsection, that's what it's there for.

I'm not accusing anyone of scamming, I'm just warning users that someone will eventually get scammed.

[raskul]

i've offered the link, and advised you use the scam accusations subsection, that's what it's there for.

I'm not accusing anyone of scamming, I'm just warning users that someone will eventually get scammed.

 

<snip> everyone who participated is guilty of setting the things up for the last person(s) who get(s) scammed.

I suggest that, if you have any accusations to make, you post them in the relevant forum section - HERE

[Parham6]

i've offered the link, and advised you use the scam accusations subsection, that's what it's there for.

I'm not accusing anyone of scamming, I'm just warning users that someone will eventually get scammed.

 

<snip> everyone who participated is guilty of setting the things up for the last person(s) who get(s) scammed.

I suggest that, if you have any accusations to make, you post them in the relevant forum section - HERE

That hasn't happened yet, I was talking about when the last person gets scammed. And ever then, why would I bother reporting anyone? Wasting my time on a warning was already enough for me, hope you learn it the hard way. I'm out.

[leex1528]

i've offered the link, and advised you use the scam accusations subsection, that's what it's there for.

I'm not accusing anyone of scamming, I'm just warning users that someone will eventually get scammed.

 

<snip> everyone who participated is guilty of setting the things up for the last person(s) who get(s) scammed.

I suggest that, if you have any accusations to make, you post them in the relevant forum section - HERE

That hasn't happened yet, I was talking about when the last person gets scammed. And ever then, why would I bother reporting anyone? Wasting my time on a warning was already enough for me, hope you learn it the hard way. I'm out.

I looked up the word Scam for you since you keep using it and aren't sure what it means...

Scam-a dishonest scheme; a fraud.

Where is he being dishonest, Does he ever say it will go on forever, nope, does he say you are promised to get paid, nope, he does nothing of the sort at all.

A scam is where I would say, If you give me .02 BTC, I WILL PROMISE I CAN DOUBLE IT for you and return .04 in 1 hour.  That is a scheme, a scam, dishonest.  If he said this thing will go on forever, and everyone will make a lot of money, that would be a scam.  This is just gambling at its finest my friend, and gambling is not a scam.

[btcpyramid2k14]

Some people think this is a scam, but why?

I will never run away with bitcoins because I have the top position and I also earn money on this pyramid scheme.

And everyone has to know that this is a pyramid scheme, that means that people on the lowest level don't receive any money if there are no new investments. This is the same as all ponzi and pyramid schemes but that doesn't mean that you will get scammed because there are a lot of people that can invest on this pyramid scheme.

And there are people that have the wrong vision on a pyramid scheme because it's different than a ponzi scheme.

When you invest in a ponzi scheme you can only receive a payment once (around 120% of your investment)

With this pyramid scheme you can receive 0.01 on every new level (100% of your investment for every new level) and you can enter as many times as you want.

The second difference between this pyramid scheme and a ponzi scheme is that 1 new investment can pay multiple people in the upper levels.


Let's spread the word for this new type of pyramid scheme and earn some bitcoins!