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Author Topic: The Bitcoin Snowball  (Read 2949 times)
goodlord666
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March 19, 2012, 07:04:12 PM
 #1

I'm up for a little experiment.

I will initiate the Snowball by sending 1.0 BTC to one of the people willing to participate by posting their Bitcoin address in the comments.

The rules are:
  • Upon receiving the Snowball you add any amount to it and pass it on to another participant
  • You must declare the amount of BTC sent (Snowball size + your contribution), the username and address of the next recipient (i.e. by quoting their comment) and increment the handover number by 1
  • You must have sufficient funds to help make the Snowball grow (at least 1 Satoshi) before passing it on
  • You must only forward the Snowball to someone who has agreed to participate
  • You must make sure the next recipient knows the Snowball has been or will be forwarded to them, for example by reminding them with a private message
  • You agree to take responsibility for the Snowball's continued journey
  • The Snowball should never be sent to the same person twice


The Bitcoin Snowball is basically a reverse Ponzi scheme in that the last participant to enter always gets the grand total of available funds and exclusive spending rights.

The purpose, however, is to resist a cashout and watch the Snowball move on and grow for as long as possible.

You may choose to forward the Snowball only to a trusted user on the forum and likewise choose not to send it to non-trusted users.

By receiving the Snowball you must realize that you are entrusted with all previous participants' investments until you safely pass it on to another trusted individual and that your successful participation helps bond the community.

I will carefully select the first recipient.


Let's find out how long we can keep the baby rollin' and how big it gets!



DISCLAMER (this is mostly for fun, don't put excess meaning into it):

If you decide to break the chain either by running with the Snowball or interception, knowingly or not, your soul shall be cursed forever after until the consequences of your action hit you hard in the middle of your face and you shall never be able to underestimate the power of a magic Snowball ever again.

If you successfully pass the Snowball on and help it survive and grow you shall be blessed with well-being, prosperity and the honor of being part of a magnificient community.

You must have read and understood the rules of this experiment before participating.


Bitcoiners, post your receiving addresses.




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hongus
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March 19, 2012, 11:12:28 PM
 #2

So the game is about everybody losing money, until some jewbag decides to keep it all? And no I don't want to snowball.

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March 19, 2012, 11:32:15 PM
 #3

What you should do is say that the snowball must be passed on until such an event happens. Like bitcoin exceeding $7 or something, and must be passed on within a certain amount of time from receiving next address.

goodlord666
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March 21, 2012, 01:32:28 PM
 #4

Moved here from the games/gambling section because it really isn't about gambling, at all.



Nicolai Larsen
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March 21, 2012, 02:11:36 PM
 #5

I'll play along: 1KDuLZ3pSANA8vwbbWZCGqeoEGnJUs7vFk

BTC: 1GUH16sneWgKuE1ArXrnYKN3njuherJQi1
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March 21, 2012, 03:13:50 PM
 #6

Attach an advert to the snowball. That'll make the idea golden.

~Bruno~
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March 21, 2012, 04:05:05 PM
 #7

This is exactly the idea I had with Bitcoin Potato!

The site (open source) is actually not far from completion ... I just don't have the time to work on it.

Please do not pm me, use ron@bitcoin.org.il instead
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March 21, 2012, 04:45:21 PM
 #8

Doesn't sound like a good idea just stick with the ponzis

Will code for coins, python c#, php(+html, jss, sql) scripts can also pen testing(not a skid) PM me https://bitcointalk.org/index.php?topic=71889.msg813212#msg813212

BTC: 1X8Uwr6vxtuudvxgPv9SqP2c6omWUC3qn
LTC: LaZ8A9YTHbNiFuhRFdCt7KNRuU2XFPXgfA
goodlord666
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March 21, 2012, 05:25:24 PM
 #9

Attach an advert to the snowball. That'll make the idea golden.

~Bruno~



Somebody could sponsor the snowball and pledge to charity or something like that.



MaxSan
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March 21, 2012, 07:32:46 PM
 #10

The snowball should roll until it hits 7USD i like that. Your only aloud to hold on to the snowball for a maximum of 72 hours or something?
Nicolai Larsen
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March 21, 2012, 07:58:26 PM
 #11

Attach an advert to the snowball. That'll make the idea golden.

~Bruno~



Somebody could sponsor the snowball and pledge to charity or something like that.




You kinda need to get the snowball going first ^^

BTC: 1GUH16sneWgKuE1ArXrnYKN3njuherJQi1
goodlord666
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March 21, 2012, 09:20:23 PM
 #12

I'll play along: 1KDuLZ3pSANA8vwbbWZCGqeoEGnJUs7vFk

This experiment is destined to fail so might as well go ahead regardless of criticism.

I hereby initiate the Bitcoin Snowball and kiss it good-bye. May it turn into an avalanche.

#1, 1.0 BTC to Nicolai Larsen 1KDuLZ3pSANA8vwbbWZCGqeoEGnJUs7vFk

(Can you increment the next handover to #2?)


rjk
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March 21, 2012, 09:25:45 PM
 #13

This is a test of human nature, as well as a cleverly disguised data mining project. The person that stops handing it on will be labelled a scammer, unless it is donated to a charity probably, and in the mean time all kinds of interesting info can be gleaned about the users because their address is positively tied to them.

Very clever, OP, very clever.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
Nicolai Larsen
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March 21, 2012, 09:32:28 PM
 #14

I'll play along: 1KDuLZ3pSANA8vwbbWZCGqeoEGnJUs7vFk

This experiment is destined to fail so might as well go ahead regardless of criticism.

I hereby initiate the Bitcoin Snowball and kiss it good-bye. May it turn into an avalanche.

#1, 1.0 BTC to Nicolai Larsen 1KDuLZ3pSANA8vwbbWZCGqeoEGnJUs7vFk

(Can you increment the next handover to #2?)



Got it. Now we just wait for the next in line ^^

BTC: 1GUH16sneWgKuE1ArXrnYKN3njuherJQi1
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March 22, 2012, 12:19:27 AM
 #15

1G85cQXETuGeMGvniv5SuMACegCR6L51A5
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March 22, 2012, 12:37:09 AM
 #16

15ArtCgi3wmpQAAfYx4riaFmo4prJA4VsK   Wink

edit: Lol.. I see RaggedMonk beat me to this idea

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
Nicolai Larsen
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March 22, 2012, 02:21:01 AM
 #17

1G85cQXETuGeMGvniv5SuMACegCR6L51A5

Send 1.00005000 BTC ^^

BTC: 1GUH16sneWgKuE1ArXrnYKN3njuherJQi1
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March 22, 2012, 06:10:40 AM
 #18

1G85cQXETuGeMGvniv5SuMACegCR6L51A5

Send 1.00005000 BTC ^^

Haha.. that's the end of that snowball!

Congrats for donating to Group B Strep International  Smiley

(The address I posted was for the bitcoin faucet)

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March 22, 2012, 06:30:39 AM
 #19

Well that didn't take long.  Grin

1Kz25jm6pjNTaz8bFezEYUeBYfEtpjuKRG | PGP: B5797C4F

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goodlord666
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March 22, 2012, 11:09:49 AM
 #20

The joke's on me. What was I thinking.




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