Bitponzi.io - fair ponzi with automated hourly payments, 150% in 150 hours.

[blacksmithtm]

Instead of hourly payments i suggest daily. Lots of people will be happy with 1% return every day. But many people wont be happy to lock their coins in for 150 days. Its a tricky balance. Maybe you should keep the funds for 14 days, and give 1% each day. on the 14th day pay out 114%?

[1715115289]

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[1715115289]

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[1715115289]

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[sherbyspark]

Instead of hourly payments i suggest daily. Lots of people will be happy with 1% return every day. But many people wont be happy to lock their coins in for 150 days. Its a tricky balance

But that will have the same issue towards the 2nd half of the payout period. No matter what the interval will be, the graph will follow the same falling curve.

[bitponzi.io]

Yes it's a tricky balance, probably if we could some absolutely secure escrow we could follow in the footsteps of the original ponzi which paid 150% in a month and a half. large payouts at the end of the term also break cashflows.
We have to ponder over all the possibilities a little.

Instead of hourly payments i suggest daily. Lots of people will be happy with 1% return every day. But many people wont be happy to lock their coins in for 150 days. Its a tricky balance. Maybe you should keep the funds for 14 days, and give 1% each day. on the 14th day pay out 114%?

[bitponzi.io]

sure you are right no ponzi lasts forever
on the other hand some ponzis last very long

Instead of hourly payments i suggest daily. Lots of people will be happy with 1% return every day. But many people wont be happy to lock their coins in for 150 days. Its a tricky balance

But that will have the same issue towards the 2nd half of the payout period. No matter what the interval will be, the graph will follow the same falling curve.

[a1choi]

sure you are right no ponzi lasts forever
on the other hand some ponzis last very long

Instead of hourly payments i suggest daily. Lots of people will be happy with 1% return every day. But many people wont be happy to lock their coins in for 150 days. Its a tricky balance

But that will have the same issue towards the 2nd half of the payout period. No matter what the interval will be, the graph will follow the same falling curve.

The only way to make a ponzi last longer "fairly" is to manipulate these:

ROI % - Decrease ROI to lengthen time, Increase ROI to shorten time
Total time of Annuity - Lengthen/Shorten total time of payback of principal + ROI
Time in between payments - lengthen/shorten
Amount of each individual payment - increase/decrease

not sure if i'm missing anything else.

[blacksmithtm]

You need to market the shit as well. People need to sign up

[Maidak]

So the round I joined in yesterday is over? Haven't gotten a 1% payout in quite some time. If so I have the worst luck with these ponzi games haha.

[bitponzi.io]

It will continue indefinitely, we don't have rounds actually.

So the round I joined in yesterday is over? Haven't gotten a 1% payout in quite some time. If so I have the worst luck with these ponzi games haha.

[a1choi]

It will continue indefinitely, we don't have rounds actually.

So the round I joined in yesterday is over? Haven't gotten a 1% payout in quite some time. If so I have the worst luck with these ponzi games haha.

It will continue indefinitely.  Yes this is true.  But practically, the ponzi could slow down so much and with so much time in between payments, that it could be considered effectively dead.  This will take some time tho.

[bitponzi.io]

Naturally another simple option would be to restart it after a certain time-out where it slows down indeed.
Let us know what you think, we sure can restart this. You are to choose.

[fedor3327]

Yeah, I sent yesterday some BTC:
https://blockchain.info/tx/83abc94472d9bee194b650e134bc4f8fa62b537b4b2243056179583a249e1137
to supporting your experiment
(Actually it's not me but one of my friends. I told him wait a little but he don't . OK. I helped him a bit ........ ) because you said "It will continue indefinitely."
If you will restart you can make refund to his address:
https://blockchain.info/en/address/1LagaAxdCqWVMJi7quCL1Raf1VN2EWDnEY
Regards.

[ozycash]

you say your site is a gambling site, so do you have a licence to run you gambling site?

[bitponzi.io]

Let's wait what the users think. If you sent your payment after the halt it will be refunded.

Yeah, I sent yesterday some BTC:
https://blockchain.info/tx/83abc94472d9bee194b650e134bc4f8fa62b537b4b2243056179583a249e1137
to supporting your experiment
(Actually it's not me but one of my friends. I told him wait a little but he don't . OK. I helped him a bit ........ ) because you said "It will continue indefinitely."
If you will restart you can make refund to his address:
https://blockchain.info/en/address/1LagaAxdCqWVMJi7quCL1Raf1VN2EWDnEY
Regards.

[fedor3327]

Definitely after halt: 2014-07-12 07:38:20

At least you stay here much longer then our fucking "doubler" and not run away at the moment like "doubler" did.

I think that you need to wait coz people sending some BTC ( That's my vote.)

Also my suggestion is to lower maximum something like 0.1-0.5 BTC coz if someone send big amount it will stop again.

Regards.

[dooglus]

Naturally another simple option would be to restart it after a certain time-out where it slows down indeed.
Let us know what you think, we sure can restart this. You are to choose.

I think you made it pretty clear that the scheme wouldn't shut down when it couldn't pay, but would wait for new deposits.

As a result, I don't think you can really shut it down any time soon without breaking your promises.

You have to give the bag-holders a chance to pass their bag on to new bag-holders.

[bitponzi.io]

Yes, no problem, and no one seems to want it. So it will run. we will start a new program using this experience, tweaking some things.

Naturally another simple option would be to restart it after a certain time-out where it slows down indeed.
Let us know what you think, we sure can restart this. You are to choose.

I think you made it pretty clear that the scheme wouldn't shut down when it couldn't pay, but would wait for new deposits.

As a result, I don't think you can really shut it down any time soon without breaking your promises.

You have to give the bag-holders a chance to pass their bag on to new bag-holders.

[bitponzi.io]

The system got unstuck.

The blue print for new ponzi is ready, we'll post it here for discussion soon.

[Burzhui]

Auto withdrawal from "Bit Ponzi":
Withdrawals per day: 1
Status: 88 confirmations
Date: 13.07.14 22:48
Credit: 0.0101 BTC
Net amount: +0.0101 BTC
Transaction ID: 5bd3aa6339ec5f63bd31c6a15f908f605038ef15252a543d7384441498642dcd

[bitponzi.io]

We need your feedback about the following scheme

- Every hour system calculates outstanding balance and checks available balance

- It pays the whole available balance to all users with outstanding balance, proportional to the system debt to a given user.

- System profit is taken only from complete 150% cycles, and it is 10% of all complete cycles payouts.

In this setting each new payment moves the system forward, since there's no fixed payout, the system tries to pay as much as it can. Also system profit structure is more clear.

Tell us what you think.

[dooglus]

- It pays the whole available balance to all users with outstanding balance, proportional to the system debt to a given user.

- System profit is taken only from complete 150% cycles, and it is 10% of all complete cycles payouts.

Tell us what you think.

I think there's a problem. If you pay each user a fraction of what they're owed, in proportion to what they're owed, nobody ever gets fully paid out until everybody is fully paid out - and that never happens.

See http://en.wikipedia.org/wiki/Zeno's_paradoxes#Achilles_and_the_tortoise for a related paradox.

This means you never complete anyone's 150% cycle, and never get paid yourself.

We can work various examples, but suppose every day you get 1 new person depositing 1 new BTC.

day 1:

A deposits 1 and is owed 1.5

day 2:

B deposits 1 and is owed 1.5. We'll assume B doesn't get paid from his own deposit, so only A is owed anything from B's deposit. A gets B's whole deposit. A is owed 0.5 and B is owed 1.5

day 3:

C deposits 1 and is owed 1.5.  C's 1 is split between A and B in ratio of their credit: 0.5:1.5 or 1:3. So A gets 0.25 and B gets 0.75. A is left being owed 0.25, B is owed 0.75, C is owed 1.5

day 4:

D deposits 1 and is owed 1.5. D's 1 gets split 0.25:0.75:1.5 or 1:3:6. A gets 0.1, B gets 0.3, C gets 0.6. A is owed 0.15, B is owed 0.45, C is owed 0.9, D is owed 1.5

and so on.  A's balance goes 1.5, 0.5, 0.25, 0.15, ... and gets lower every day but never reaches zero.

Get it?