littlehelper1984 (OP)
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July 16, 2014, 09:51:40 AM Last edit: July 16, 2014, 10:03:13 AM by littlehelper1984 |
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A really superbly designed bitcoin game. Players get a 110% return. The game is automated and uses a first in first out system. The game does not horde btc, only collects enough to pay out investors. THe game is still new so i doubt the creator is going to ponzi on 0.3 btc. Invest any amount from 0.01 btc to even 0.1 btc if your feeling good. Don't invest big amounts like 1btc yet because the game is still new. www.thebitcoinponzi.comHere's a list of current investors http://www.thebitcoinponzi.com/transactionsand a blockchains view of all transactions to the address which shows players are being paid out. https://blockchain.info/address/1PonziWp56tyUGNcoDz5aV3M3xLrnU86ot
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Armed
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July 16, 2014, 10:55:51 AM |
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The last investor won't get a 110% return, so the title is false advertising ( as always when it comes to ponzis ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) )
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WootKung
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July 16, 2014, 10:56:54 AM |
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there's always one sucker who doesn't get 110%
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leex1528
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July 16, 2014, 05:32:04 PM |
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This screams scam?
7 Days since last payout? They have more than enough money in the bank to pay back the investor....Only 1 payout in 7 days....waiting for more....?
Don't do this!
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TheBitcoinPonzi
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July 28, 2014, 07:50:31 AM |
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This screams scam?
7 Days since last payout? They have more than enough money in the bank to pay back the investor....Only 1 payout in 7 days....waiting for more....?
Don't do this!
Hey folks! The reason the game has been standing still for a while is because there were 3 random "big" investments one after the other 19 days ago (0.3 BTC, 0.1 BTC and 0.1BTC). After that, the transactions have been a lot smaller, which is why they have been taken some time to get paid out. The 0.3 transaction has finally received his 0.33 BTC payout though, so it should be a little smoother from here once the two 0.1 BTCs are cleared as well! We will soon implement a feature so that if someone send a high amount to early on in the game, we send back the money instead of having it delay future transactions. Enjoy the game!
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Brewins
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July 28, 2014, 09:36:30 AM |
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Just say its a pyramid schema with 110% return target and make it simple to readers.
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Traffic4u
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July 28, 2014, 11:05:42 AM |
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Again, again, and again. Ponzi covered by ... Don't be ashamed to say it's ponzi.
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ShibaWow
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July 28, 2014, 11:06:45 AM |
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Just say its a pyramid schema with 110% return target and make it simple to readers.
it's called thebitcoinponzi how much clearer should it be?
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Aggressor66
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July 28, 2014, 12:22:32 PM |
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Cant believe people are still falling for this.
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Pyromanic
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July 28, 2014, 04:01:07 PM |
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is this a ponzi scheme?
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leex1528
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July 28, 2014, 04:11:19 PM |
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Stay away from this..I shouldn't have to say it but I want to make sure.
No payments in over 2 weeks. Plenty of funds to still pay the people currently waiting....Obvious Ponzi, DO NOT DO THIS
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Armed
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July 28, 2014, 04:14:29 PM |
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Stay away from this..I shouldn't have to say it but I want to make sure.
No payments in over 2 weeks. Plenty of funds to still pay the people currently waiting....Obvious Ponzi, DO NOT DO THIS
"Obvious ponzi?" I think you mean obvious scam. Yes - it's obvious that it's a ponzi too, but nobody is denying that. However he's not paying, because he took the funds himself. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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leex1528
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July 28, 2014, 04:17:34 PM |
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"Obvious ponzi?" I think you mean obvious scam. Yes - it's obvious that it's a ponzi too, but nobody is denying that. However he's not paying, because he took the funds himself. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Errr...you do realize Ponzi = Scam correct? And someone above you 3 posts above, they asked if it was a ponzi....so just was helping people out.
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ShibaWow
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July 28, 2014, 07:23:16 PM |
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"Obvious ponzi?" I think you mean obvious scam. Yes - it's obvious that it's a ponzi too, but nobody is denying that. However he's not paying, because he took the funds himself. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Errr...you do realize Ponzi = Scam correct? And someone above you 3 posts above, they asked if it was a ponzi....so just was helping people out. usually if you know it's a ponzi and you invest why would it be a scam? you know what you're getting yourself into it becomes scam if the owner keeps the funds for himself instead of paying
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leex1528
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July 28, 2014, 07:30:49 PM |
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usually if you know it's a ponzi and you invest why would it be a scam?
you know what you're getting yourself into
it becomes scam if the owner keeps the funds for himself instead of paying
A ponzi is a scam, by defintion. What you don't realize is most of the Ponzi I have seen aren't keeping any money(they usually aren't) They take a small transaction fee per transaction so they get a few here and there. The problem is people stop investing because they see people aren't getting paid out, the ponzi owner doesn't have any money, Its just the bank ran out of money Look: 200% ponzi return(THIS IS NO Transaction fee) Which doesn't happen Person 1 Deposits 1BTC - Bank = 1BTC Person 2 Deposits 2BTC - Bank has 3BTC, pays Person 1 1BTC, Bank now has 1BTC Person 3 Deposits 2BTC - Bank has 3BTC, not enough to pay person 2 yet. Person 4 Deposits 8BTC - Bank has 11BTC, Pays person 2 & 3 4BTC each Bank has 3BTC Person 5 Deposits 1BTC - Bank has 4BTC Person 6 Deposits 1BTC - Bank has 5BTC Person 7 Deposits 1BTC - Bank has 6BTC Person 8 Deposits 1BTC - Bank has 7BTC Person 9 Deposits 1BTC - Bank has 8BTC Person 10 Deposits 1BTC - Bank has 9BTC Person 11 Deposits 7BTC - Bank has 16BTC Pays out Person 5 at 16BTC-Bank has 0BTC No one deposits because payouts are taking too long In this example, only 4 people got paid, and 7 didn't, the bank wound up with 0BTC. Now would you call this a scam or not? This is usually what happens to most Ponzis, or they are left with say very little BTC and they do keep it waiting for others to deposit..
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ShibaWow
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July 28, 2014, 08:33:13 PM |
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usually if you know it's a ponzi and you invest why would it be a scam?
you know what you're getting yourself into
it becomes scam if the owner keeps the funds for himself instead of paying
A ponzi is a scam, by defintion. What you don't realize is most of the Ponzi I have seen aren't keeping any money(they usually aren't) They take a small transaction fee per transaction so they get a few here and there. The problem is people stop investing because they see people aren't getting paid out, the ponzi owner doesn't have any money, Its just the bank ran out of money Look: 200% ponzi return(THIS IS NO Transaction fee) Which doesn't happen Person 1 Deposits 1BTC - Bank = 1BTC Person 2 Deposits 2BTC - Bank has 3BTC, pays Person 1 1BTC, Bank now has 1BTC Person 3 Deposits 2BTC - Bank has 3BTC, not enough to pay person 2 yet. Person 4 Deposits 8BTC - Bank has 11BTC, Pays person 2 & 3 4BTC each Bank has 3BTC Person 5 Deposits 1BTC - Bank has 4BTC Person 6 Deposits 1BTC - Bank has 5BTC Person 7 Deposits 1BTC - Bank has 6BTC Person 8 Deposits 1BTC - Bank has 7BTC Person 9 Deposits 1BTC - Bank has 8BTC Person 10 Deposits 1BTC - Bank has 9BTC Person 11 Deposits 7BTC - Bank has 16BTC Pays out Person 5 at 16BTC-Bank has 0BTC No one deposits because payouts are taking too long In this example, only 4 people got paid, and 7 didn't, the bank wound up with 0BTC. Now would you call this a scam or not? This is usually what happens to most Ponzis, or they are left with say very little BTC and they do keep it waiting for others to deposit.. yeah, I know how ponzis work but this way you could call gambling a scam too if you know it's a ponzi it's up to you to decide if you're going to try your luck You need to know early birds get it all, it's a skilled and lucky contest
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Armed
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 28, 2014, 09:12:35 PM |
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usually if you know it's a ponzi and you invest why would it be a scam?
you know what you're getting yourself into
it becomes scam if the owner keeps the funds for himself instead of paying
A ponzi is a scam, by defintion. What you don't realize is most of the Ponzi I have seen aren't keeping any money(they usually aren't) They take a small transaction fee per transaction so they get a few here and there. The problem is people stop investing because they see people aren't getting paid out, the ponzi owner doesn't have any money, Its just the bank ran out of money Look: 200% ponzi return(THIS IS NO Transaction fee) Which doesn't happen Person 1 Deposits 1BTC - Bank = 1BTC Person 2 Deposits 2BTC - Bank has 3BTC, pays Person 1 1BTC, Bank now has 1BTC Person 3 Deposits 2BTC - Bank has 3BTC, not enough to pay person 2 yet. Person 4 Deposits 8BTC - Bank has 11BTC, Pays person 2 & 3 4BTC each Bank has 3BTC Person 5 Deposits 1BTC - Bank has 4BTC Person 6 Deposits 1BTC - Bank has 5BTC Person 7 Deposits 1BTC - Bank has 6BTC Person 8 Deposits 1BTC - Bank has 7BTC Person 9 Deposits 1BTC - Bank has 8BTC Person 10 Deposits 1BTC - Bank has 9BTC Person 11 Deposits 7BTC - Bank has 16BTC Pays out Person 5 at 16BTC-Bank has 0BTC No one deposits because payouts are taking too long In this example, only 4 people got paid, and 7 didn't, the bank wound up with 0BTC. Now would you call this a scam or not? This is usually what happens to most Ponzis, or they are left with say very little BTC and they do keep it waiting for others to deposit.. yeah, I know how ponzis work but this way you could call gambling a scam too if you know it's a ponzi it's up to you to decide if you're going to try your luck You need to know early birds get it all, it's a skilled and lucky contest No, a ponzi isn't a scam until he stops paying out EVEN THOUGH there are still investors. If he doesn't pay because the stream of investors stop - it's not a scam, everyone has entered knowing the terms and that the last person won't get paid.
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ShibaWow
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 28, 2014, 09:54:29 PM |
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usually if you know it's a ponzi and you invest why would it be a scam?
you know what you're getting yourself into
it becomes scam if the owner keeps the funds for himself instead of paying
A ponzi is a scam, by defintion. What you don't realize is most of the Ponzi I have seen aren't keeping any money(they usually aren't) They take a small transaction fee per transaction so they get a few here and there. The problem is people stop investing because they see people aren't getting paid out, the ponzi owner doesn't have any money, Its just the bank ran out of money Look: 200% ponzi return(THIS IS NO Transaction fee) Which doesn't happen Person 1 Deposits 1BTC - Bank = 1BTC Person 2 Deposits 2BTC - Bank has 3BTC, pays Person 1 1BTC, Bank now has 1BTC Person 3 Deposits 2BTC - Bank has 3BTC, not enough to pay person 2 yet. Person 4 Deposits 8BTC - Bank has 11BTC, Pays person 2 & 3 4BTC each Bank has 3BTC Person 5 Deposits 1BTC - Bank has 4BTC Person 6 Deposits 1BTC - Bank has 5BTC Person 7 Deposits 1BTC - Bank has 6BTC Person 8 Deposits 1BTC - Bank has 7BTC Person 9 Deposits 1BTC - Bank has 8BTC Person 10 Deposits 1BTC - Bank has 9BTC Person 11 Deposits 7BTC - Bank has 16BTC Pays out Person 5 at 16BTC-Bank has 0BTC No one deposits because payouts are taking too long In this example, only 4 people got paid, and 7 didn't, the bank wound up with 0BTC. Now would you call this a scam or not? This is usually what happens to most Ponzis, or they are left with say very little BTC and they do keep it waiting for others to deposit.. yeah, I know how ponzis work but this way you could call gambling a scam too if you know it's a ponzi it's up to you to decide if you're going to try your luck You need to know early birds get it all, it's a skilled and lucky contest No, a ponzi isn't a scam until he stops paying out EVEN THOUGH there are still investors. If he doesn't pay because the stream of investors stop - it's not a scam, everyone has entered knowing the terms and that the last person won't get paid. exactly! but only if the investers know it's a ponzi if they're claiming it isn't then it's a scam.. any form of frauludent activity makes the website a scam..
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nwfella
Legendary
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Well hello there!
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July 28, 2014, 11:07:52 PM |
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ponzi that doesn't pay on time = theft! :p
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¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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fatguyyyyy
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July 28, 2014, 11:15:59 PM |
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so when does this ponzi going to collapse, you going let me know right? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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