NextPonzi (OP)
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January 13, 2015, 10:18:33 AM Last edit: January 13, 2015, 10:40:40 AM by NextPonzi |
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Hi everyone. My name is NextPonzi. Yes, I am a Ponzi Game owner and my thread is in the gambling section. My current trust rating is -17 -3 right now and I run a legitimate, paying ponzi program. I am also (actually, we are (there is two of us)) a member of bitcointalk with quite a trustworthy account. An account which I will not reveal because, well, look at my trust rating.
I just want to go over the effects you have on this community, especially Default Trust accounts.
When you neg a ponzi site which is completely fine, I want you to monitor that trust. Keep an eye on it. Simply because some sites, like myself and WeeklyPonzi are actually legitimate but with your trust rating, we are flagged as scammers.
having a negative trust rating is NOT what I am complaining about here.
It is the fact that users will not know who is legitimate and who is not. Now it's if you are not fast enough, people are going to invest in the new (potentially scam) site with a 0 trust rating because people will think he is legitimate compared to the -17, legitimate site like myself or Weekly Ponzi's case.
My point being, I want you to remove or monitor your feedback for legitimate sites. If every single ponzi game (or scam) is in negative trust, how will people know if they are truly legitimate or not? They won't.
Along with this, people are getting negative trusts for positive trusting a ponzi. That's another big issue and really expresses my point above.
I already know for a fact a huge amount of default trust users will make me -100+ after this post. and to be frank, i am not actually phased as anyone who wants to use my legitimate ponzi which is running fine, or weekly ponzi's, then they will do so and disregard your trust rating. Anyone who does believe the rating will then move onto a brand new site with 0 trust rating, and then get scammed.
It's something I want you all to think about.
tl;dr: I hope that you do make this Ponzi Game section, but at the same time organise how you will flag the scams and how you will flag legitimate sites. Just like this forum, if everyone has a negative trust rating here no one will know who is a scammer and who is not. Causing mayhem for users and profit in scammers pockets. That is EXACTLY the situation this section will go through if all of these biased and default ratings continue. Some sites don't deserve the negative trust rating like Weekly Ponzi (and to be honest, myself) as both of our sites make it impossible to run with large amounts of funds. The maximum NextPonzi can carry in a wallet at a time is 1.95BTC (max deposit x 1.3 (130% return). As soon as the wallet has funds ready, it sends the BTC automatically to those who need to be paid out. No manual work required.
I hope you guys read this carefully and take a good hard think. What I say makes sense and is true, I would really appreciate it if we used the trust rating to properly rate the sites. THAT WAY if we DO make a ponzi section, it will be very clear who is legitimate and who is not. Right now, it's a dogs breakfast and people are losing money thanks to your biased opinions and disorganised trust ratings.
Best Regards,
-NextPonzi, and a caring bitcointalk member.
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KingZee
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January 13, 2015, 10:24:15 AM |
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An honest ponzi is still a ponzi. If you google the word ponzi, the keyword scam shows up in every search. Simply because the whole Ponzi scheme system is flawed, and anyone trying to profit off of it, will "eventually" get scammed off of his coins because you can't afford to pay him out. So you may be honest for now, but when your ponzi will fall apart and you take off with X coins, you will be a scammer. So are all the people hosting ponzis.
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Beep boop beep boop
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Mitchell
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January 13, 2015, 10:26:42 AM |
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I don't care if you are legit, honest, fair, etc. A ponzi is a ponzi and I warn users for that by marking you red. They can always decide, based on posts, if they want to gamble or not. However, I might change the description added to certain Ponzi's.
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NextPonzi (OP)
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January 13, 2015, 10:32:35 AM |
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I don't care if you are legit, honest, fair, etc. A ponzi is a ponzi and I warn users for that by marking you red. They can always decide, based on posts, if they want to gamble or not.
You are a perfect example of why this section will not work.How are you going to separate the SCAMS from the PAYING if you think like this and leave you trust ratings based on this state of mind? You won't. You are causing peoples funds to be robbed just as bad as the scammers who intend on doing so. I highly recommend you rethink that state of mind, or else you are going to cause a lot of people to lose their coins An honest ponzi is still a ponzi. If you google the word ponzi, the keyword scam shows up in every search. Simply because the whol Ponzi scheme system is flawed, and anyone trying to profit off of it, will "eventually" get scammed off of his coins because you can't afford to pay him out. So you may be honest for now, but when your ponzi will fall apart and you take off with X coins, you will be a scammer. So are all the people hosting ponzis.
I label myself as a ponzi, that's how the game works, exactly like a ponzi. I'm not arguing this fact at all.
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Mitchell
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January 13, 2015, 10:34:28 AM |
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Please see my edited message. Also, if people lose money because they gambled with ponzi's, it's not my fault. It's theirs.
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NextPonzi (OP)
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January 13, 2015, 10:39:24 AM |
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Please see my edited message. Also, if people lose money because they gambled with ponzi's, it's not my fault. It's theirs.
That still does not help anyone out at all. The fact every single ponzi thread will have a negative trust under their name will mean no one will know (unless they dig deep and read descriptions) who is a scam and who isn't. Again, rethink what you're doing and think about what I am saying. I know you think it's bs that you are being corrected by your nemesis (ponzi games) but you need to think about other people. I do not want people to lose their coins in scams like everyone is seeing before our eyes, and I'm sure you don't either. So I request that we all reorganise trust ratings and that you start flagging sites that: 1. Hold more than 5BTC at a time 2. Are NOT automatic (whipped together HTML and a transaction logger for the transactions page, a baby can do it) 3. Pay after a certain amount of time (not instant or automatic) 4. Do not pay, obviously this point is to late to take into consideration. First 3 points can easily be distinguished from the first look at their thread or site. And if anyone loses money in a ponzi because they couldn't tell if it was legitimate or not, that's your fault for posting negative trust ratings on every ponzi you see. Some people won't go and dig deep, some will just look and see every single site has -4 and will pick one and hope for the best. I hope you think about that also. You're proving to everyone why you shouldn't be apart of default trust right now. Glad you are showing your true colors to us all that your trust ratings are biased.
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Mitchell
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January 13, 2015, 10:49:27 AM |
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And if anyone loses money in a ponzi because they couldn't tell if it was legitimate or not, that's your fault for posting negative trust ratings on every ponzi you see. Some people won't go and dig deep, some will just look and see every single site has -4 and will pick one and hope for the best. I hope you think about that also. I have warned them it's a ponzi and not trustworthy by putting up a negative rating which turns your trust red. If they ignore that and/or search for a ponzi with the lowest negative trust and gamble their, it's not my problem if they lost their BTC. They have decided to ignore all the warnings and gambled. You're proving to everyone why you shouldn't be apart of default trust right now. Glad you are showing your true colors to us all that your trust ratings are biased. If I'm biased because I give negative ratings to all ponzi's, than so be it.
I will keep in my mind what you said and think about it. I might change my opinion.
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NextPonzi (OP)
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January 13, 2015, 10:55:22 AM |
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And if anyone loses money in a ponzi because they couldn't tell if it was legitimate or not, that's your fault for posting negative trust ratings on every ponzi you see. Some people won't go and dig deep, some will just look and see every single site has -4 and will pick one and hope for the best. I hope you think about that also. I have warned them it's a ponzi and not trustworthy by putting up a negative rating which turns your trust red. If they ignore that and/or search for a ponzi with the lowest negative trust and gamble their, it's not my problem if they lost their BTC. They have decided to ignore all the warnings and gambled. You're proving to everyone why you shouldn't be apart of default trust right now. Glad you are showing your true colors to us all that your trust ratings are biased. If I'm biased because I give negative ratings to all ponzi's, than so be it. I will keep in my mind what you said and think about it. I might change my opinion. I hope you do change your opinion. From what I am reading, you think people are as smart as you are. Well the truth is 80% of the people on this forum will not even check trust rating details and will base trust ratings on how small the number is. I'm -17, a new member might be -4/-6 and then the coins have gone to the smaller trust rating and potentially, into the -4's pocket. I'm urging you leave neutrals on those who are paying out automatically, instantly and legitimately. such as myself. as it is literally IMPOSSIBLE to scam anything more than 1.95btc with my script. I also take my 4% fee which is more than enough to sustain costs and to make profit in the long run. It would be foolish for me to even take 10BTC if I was capable of doing so, as I would make more in say one months time running this site legitimately. If you want more reasons, I have full ammunition. Right now all I see from you is "i will keep it in mind" or "if its a ponzi hes going red". That does not help the community, nor how i see how it would benefit you. I want to run this point over you again:If the whole forum had 0 trust and you weren't allowed to +trust certain members (in this situation, people who +trust or promote ponzi's get red trust) how could you tell who is a scammer and who isn't? You can't. It's impossible and it's biased. Scammers will win, legitimate members will lose. Take it into consideration, think about it long and hard and get back to us here. In the meantime I want to see opinions from other Default Trust members.
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Mabsark
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January 13, 2015, 11:33:54 AM |
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How are you going to separate the SCAMS from the PAYING if you think like this and leave you trust ratings based on this state of mind? You won't. You are causing peoples funds to be robbed just as bad as the scammers who intend on doing so. I highly recommend you rethink that state of mind, or else you are going to cause a lot of people to lose their coins
It doesn't matter whether a ponzi is currently paying out or have already ran away with the money. It's a scam because the goal is to run away with the money. I label myself as a ponzi, that's how the game works, exactly like a ponzi. I'm not arguing this fact at all.
Then you label yourself a scammer which is fine because that's what you are - a scammer running a ponzi.
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Warren Buffet
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January 13, 2015, 11:40:32 AM |
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I don't care if you are legit, honest, fair, etc. A ponzi is a ponzi and I warn users for that by marking you red. They can always decide, based on posts, if they want to gamble or not. However, I might change the description added to certain Ponzi's.
I am sorry to say that your reasoning is wrong. Ponzi is a scheme where investors get an illusion from the Ponzi operator that their investments are being used in proper business for their return, whereas in reality they are getting return from new investor's money. Hence this type of investment schemes are destined to fail by defrauding/scamming the investors. For example PBmining.com, Hashie.co, CryptoMine.io etc. But, when a Ponzi declares itself that it is a Ponzi, then investors are well aware of the fact that the last person investing will not get paid. In this case, every investor knowingly takes the risk of probability that next investor will invest. Hence it gets categorized under gambling. Gambling is a service where people invest their money knowing that most will lose, but some will get high return depending on probabilistic calculation. For example Just-Dice.com, PrimeDice.com, BitDice.me etc. So, if you believe gambling is scam, then declared ponzis are as well. In that case, you should leave -ve trust on Stunna, Dooglus etc. as well. Otherwise, you should not leave -ve trust on declared ponzis. Of course, if they are cheating, i.e. not giving the promised return, then it is a different story, e.g. Dicebitco.in, dice.ninja etc.
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NextPonzi (OP)
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January 13, 2015, 11:42:38 AM |
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How are you going to separate the SCAMS from the PAYING if you think like this and leave you trust ratings based on this state of mind? You won't. You are causing peoples funds to be robbed just as bad as the scammers who intend on doing so. I highly recommend you rethink that state of mind, or else you are going to cause a lot of people to lose their coins
It doesn't matter whether a ponzi is currently paying out or have already ran away with the money. It's a scam because the goal is to run away with the money. I label myself as a ponzi, that's how the game works, exactly like a ponzi. I'm not arguing this fact at all.
Then you label yourself a scammer which is fine because that's what you are - a scammer running a ponzi. You obviously did not read the thread at all, thanks for proving that to everyone. 1. My site makes more from fees than what it possibly can scamming (max in wallet is 1.95BTC at a time) 2. The goal is not to run away with the money. Since the site is instant and there is no incline in our balance at all, it's not a confidence scam or anything like that. You're wrong, sorry. I don't care if you are legit, honest, fair, etc. A ponzi is a ponzi and I warn users for that by marking you red. They can always decide, based on posts, if they want to gamble or not. However, I might change the description added to certain Ponzi's.
I am sorry to say that your reasoning is wrong. Ponzi is a scheme where investors get an illusion from the Ponzi operator that their investments are being used in proper business for their return, whereas in reality they are getting return from new investor's money. Hence this type of investment schemes are destined to fail by defrauding/scamming the investors. For example PBmining.com, Hashie.co, CryptoMine.io etc. But, when a Ponzi declares itself that it is a Ponzi, then investors are well aware of the fact that the last person investing will not get paid. In this case, every investor knowingly takes the risk of probability that next investor will invest. Hence it gets categorized under gambling. Gambling is a service where people invest their money knowing that most will lose, but some will get high return depending on probabilistic calculation. For example Just-Dice.com, PrimeDice.com, BitDice.me etc. So, if you believe gambling is scam, then declared ponzis are as well. In that case, you should leave -ve trust on Stunna, Dooglus etc. as well. Otherwise, you should not leave -ve trust on declared ponzis. Of course, if they are cheating, i.e. not giving the promised return, then it is a different story, e.g. Dicebitco.in, dice.ninja etc. Exactly right, another point I missed. If you are going to label ponzi's then why haven't you labelled hashie or any current cloud mining scams?
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Warren Buffet
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January 13, 2015, 11:54:38 AM |
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I don't care if you are legit, honest, fair, etc. A ponzi is a ponzi and I warn users for that by marking you red. They can always decide, based on posts, if they want to gamble or not. However, I might change the description added to certain Ponzi's.
I am sorry to say that your reasoning is wrong. Ponzi is a scheme where investors get an illusion from the Ponzi operator that their investments are being used in proper business for their return, whereas in reality they are getting return from new investor's money. Hence this type of investment schemes are destined to fail by defrauding/scamming the investors. For example PBmining.com, Hashie.co, CryptoMine.io etc. But, when a Ponzi declares itself that it is a Ponzi, then investors are well aware of the fact that the last person investing will not get paid. In this case, every investor knowingly takes the risk of probability that next investor will invest. Hence it gets categorized under gambling. Gambling is a service where people invest their money knowing that most will lose, but some will get high return depending on probabilistic calculation. For example Just-Dice.com, PrimeDice.com, BitDice.me etc. So, if you believe gambling is scam, then declared ponzis are as well. In that case, you should leave -ve trust on Stunna, Dooglus etc. as well. Otherwise, you should not leave -ve trust on declared ponzis. Of course, if they are cheating, i.e. not giving the promised return, then it is a different story, e.g. Dicebitco.in, dice.ninja etc. Exactly right, another point I missed. If you are going to label ponzi's then why haven't you labelled hashie or any current cloud mining scams? Scams are now every single section and I dont think it is possible to cover all for one person. But, when some DefaultTrust linked guy is covering a category, he should cover all. So, asking bitcoininformation about mining is too much IMO. But, unless he gives -ve to other gambling sites, it would be giving undue advantage to them. AFAIK bitcoininformation is a long standing respected member of the community. I believe, he'll understand the logic and change -ve feedbacks to neutral.
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Mabsark
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January 13, 2015, 11:58:37 AM |
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You obviously did not read the thread at all, thanks for proving that to everyone. 1. My site makes more from fees than what it possibly can scamming (max in wallet is 1.95BTC at a time) 2. The goal is not to run away with the money. Since the site is instant and there is no incline in our balance at all, it's not a confidence scam or anything like that.
You're wrong, sorry.
I've no idea what type of service you run and you provided no information about it in this thread. If you're not running a ponzi, then don't call yourself a ponzi and people might not call you a scammer. Not exactly rocket science is it?
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Nikolai
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January 13, 2015, 01:06:35 PM |
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@OP You are only half right. You are trying to argue that a ponzi can be legitimate. A ponzi, by definition, cannot be legitimate. A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors to create the false appearance that investors are profiting from a legitimate business.
Problem is, you are calling yourself a ponzi when you aren't. Don't act surprised when people leave you negative feedback when you are calling yourself a fraud from the start. SEC isn't likely to be so enlightened though, so don't be surprised when they bust down your door.
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Warren Buffet
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January 13, 2015, 01:39:03 PM |
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As I can see, bitcoininformation has removed the -ve feedback, which is a good sign. I hope, other DefaultTrust members will also do the same.
But, if any of those declared ponzis breaks any stated rule of the game, please do not hesitate to make them -ve again.
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NextPonzi (OP)
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January 13, 2015, 01:41:23 PM |
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@OP You are only half right. You are trying to argue that a ponzi can be legitimate. A ponzi, by definition, cannot be legitimate. A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors to create the false appearance that investors are profiting from a legitimate business.
Problem is, you are calling yourself a ponzi when you aren't. SEC isn't likely to be so enlightened though, so don't be surprised when they bust down your door. I would like to know, what would we should call our program? I doubt the SEC will confront us as we clearly state people can lose their money therefor this isn't a scam nor is it fraud. You obviously did not read the thread at all, thanks for proving that to everyone. 1. My site makes more from fees than what it possibly can scamming (max in wallet is 1.95BTC at a time) 2. The goal is not to run away with the money. Since the site is instant and there is no incline in our balance at all, it's not a confidence scam or anything like that.
You're wrong, sorry.
I've no idea what type of service you run and you provided no information about it in this thread. If you're not running a ponzi, then don't call yourself a ponzi and people might not call you a scammer. Not exactly rocket science is it? No, you're not understanding what we do. We run a ponzi GAME. We clearly state it is a gamble and take a 4% fee for the game (just like a house edge). What happens is people deposit their BTC and the first person who invested gets paid the second persons funds ect. We offer 130% (1.3x your deposit) per "bet" Example: Person A sends .1BTC Person B sends .2BTC Person A gets paid .13BTC as promised instantly, most scams make you wait Wallet is now at .07BTC Person B will get paid when more deposits make the wallet reach .26BTC This cycle continues until the round ends. Rounds are set at specific end times. Those who remain unpaid at the end of the round lose. It's a gamble just like any other site. A Ponzi scheme would do this but not have a set end date and would wait until they collect a large amount of funds and run off. It is not possible for us to do this as the site is 100% automatic, so it isn't possible for us to do if.
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Quickseller
Copper Member
Legendary
Offline
Activity: 2996
Merit: 2374
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January 13, 2015, 01:50:18 PM |
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If you ignore the fact that you are running a ponzi (this is a ponzi), then the negative trust is still appropiate.
Your "game" is not fair to players: there is no way to verify that appropiate players are receiving a payout. I haven't looked real closely at how your "game" works, however I assume it determins who gets paid something similar to the early players profit while the later players get nothing. Even if you used the first blocks that confirmed transactions you could easily use your own money (via mixers) to play early on this would make it so the majority of plays would end up loosing.
There is no real way to "verify" bets. In addition to the above you need to be trusted that appropiate players get payout. Even prime dice, which is arguably the most reputable Bitcoin casino here allows players to verify their bets to prove they received appropiate payments.
You are asking players to trust you with large amounts of money while you have no reputation. Mu believe your first post was creating your game. This is very similar to a brand new user asking to be trusted with a short term loan.
You clearly are not new to the forum based on how quickly you made it to meta and how familar you are with the trust system. This means that you are either a scammer (and should not be trusted) or plan on eventually scamming and want to protect your existing accounts reputation when you eventually run away with investor money. I am sure you knew you would probably get negative trust the hour you started your game however, a reputable member could potentially provide a history of "honesty" with their game to get it removed. I somewhat thing it is the former. I somewhat doubt that badbear will confirm or deny this, however I would speculate that you can be linked to either a scammer or are using An IP masking service like tor or a vpn.
There was recently a ponzi that was "honest" with players for a while (a few weeks) and had over 700 BTC move through their address. This built up a lot of confidence with their game allowing them to quickly accumulate large amounts of Bitcoin very quickly which means if they delayed payouts even a short time then they could run away with large amounts of Bitcoin. The end game in these ponzis is to run away once enough confidence is built up.
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shorena
Copper Member
Legendary
Offline
Activity: 1498
Merit: 1540
No I dont escrow anymore.
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January 13, 2015, 08:37:43 PM Last edit: January 13, 2015, 09:21:25 PM by shorena |
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If you ignore the fact that you are running a ponzi (this is a ponzi), then the negative trust is still appropiate.
Your "game" is not fair to players: there is no way to verify that appropiate players are receiving a payout. I haven't looked real closely at how your "game" works, however I assume it determins who gets paid something similar to the early players profit while the later players get nothing. Even if you used the first blocks that confirmed transactions you could easily use your own money (via mixers) to play early on this would make it so the majority of plays would end up loosing.
There is no real way to "verify" bets. In addition to the above you need to be trusted that appropiate players get payout. Even prime dice, which is arguably the most reputable Bitcoin casino here allows players to verify their bets to prove they received appropiate payments.
You are asking players to trust you with large amounts of money while you have no reputation. Mu believe your first post was creating your game. This is very similar to a brand new user asking to be trusted with a short term loan.
You clearly are not new to the forum based on how quickly you made it to meta and how familar you are with the trust system. This means that you are either a scammer (and should not be trusted) or plan on eventually scamming and want to protect your existing accounts reputation when you eventually run away with investor money. I am sure you knew you would probably get negative trust the hour you started your game however, a reputable member could potentially provide a history of "honesty" with their game to get it removed. I somewhat thing it is the former. I somewhat doubt that badbear will confirm or deny this, however I would speculate that you can be linked to either a scammer or are using An IP masking service like tor or a vpn.
There was recently a ponzi that was "honest" with players for a while (a few weeks) and had over 700 BTC move through their address. This built up a lot of confidence with their game allowing them to quickly accumulate large amounts of Bitcoin very quickly which means if they delayed payouts even a short time then they could run away with large amounts of Bitcoin. The end game in these ponzis is to run away once enough confidence is built up.
H8HmIEPxaKAU6XR1itlUXfP4FM14+Uj5QrWyql9I11CdKawkiUZpoft76VRTqWH9JdC/7UQ3zbLVBV3wRqyybY4= ^^^^ signed What can I possibly add after this? Quickseller perfectly summed it up. There is no such thing as a legit ponzi. Same as a thimblerigger you are allways in full control, never is the other party risking their money. If you actually think that Ponzis are a legit form of gambling, why do you hide behind your alt? And another question: where do you come from? I wonder if this is some cultural thing. Edit: Id like to post some recent quotes your "happy" customers left: deposits increased from 13x to 148, the remaining btc for next payout reset like 3 times, and the line on the website hasn't moved since around noon... what's up with that?
Also why don't you make this honestly, you will make more money from fees than dishonesty, i.e. payouts it supposed to be equal to deposits unless there is not enough to cover next payout, I really do not know what is wrong with some people i.e. OP
Remove "Round resets SOON" from front page, for gods sake... there is a timer you are practically invite investors to not invest...
and last deposit 16ifqeioagCULqdxiHCtky4U3qxZ9i2svp 0.01984432 says "Return paid", but in the blockchain is not paid
And this: "Your partner" apparently "yelled" at someone and removed the post. You dont even know about this. Strike that, might honestly been faked.
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Im not really here, its just your imagination.
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NextPonzi (OP)
Newbie
Offline
Activity: 14
Merit: 0
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January 13, 2015, 10:10:55 PM |
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If you ignore the fact that you are running a ponzi (this is a ponzi), then the negative trust is still appropiate.
Your "game" is not fair to players: there is no way to verify that appropiate players are receiving a payout. I haven't looked real closely at how your "game" works, however I assume it determins who gets paid something similar to the early players profit while the later players get nothing. Even if you used the first blocks that confirmed transactions you could easily use your own money (via mixers) to play early on this would make it so the majority of plays would end up loosing.
There is no real way to "verify" bets. In addition to the above you need to be trusted that appropiate players get payout. Even prime dice, which is arguably the most reputable Bitcoin casino here allows players to verify their bets to prove they received appropiate payments.
You are asking players to trust you with large amounts of money while you have no reputation. Mu believe your first post was creating your game. This is very similar to a brand new user asking to be trusted with a short term loan.
You clearly are not new to the forum based on how quickly you made it to meta and how familar you are with the trust system. This means that you are either a scammer (and should not be trusted) or plan on eventually scamming and want to protect your existing accounts reputation when you eventually run away with investor money. I am sure you knew you would probably get negative trust the hour you started your game however, a reputable member could potentially provide a history of "honesty" with their game to get it removed. I somewhat thing it is the former. I somewhat doubt that badbear will confirm or deny this, however I would speculate that you can be linked to either a scammer or are using An IP masking service like tor or a vpn.
There was recently a ponzi that was "honest" with players for a while (a few weeks) and had over 700 BTC move through their address. This built up a lot of confidence with their game allowing them to quickly accumulate large amounts of Bitcoin very quickly which means if they delayed payouts even a short time then they could run away with large amounts of Bitcoin. The end game in these ponzis is to run away once enough confidence is built up.
H8HmIEPxaKAU6XR1itlUXfP4FM14+Uj5QrWyql9I11CdKawkiUZpoft76VRTqWH9JdC/7UQ3zbLVBV3wRqyybY4= ^^^^ signed What can I possibly add after this? Quickseller perfectly summed it up. There is no such thing as a legit ponzi. Same as a thimblerigger you are allways in full control, never is the other party risking their money. If you actually think that Ponzis are a legit form of gambling, why do you hide behind your alt? And another question: where do you come from? I wonder if this is some cultural thing. Edit: Id like to post some recent quotes your "happy" customers left: deposits increased from 13x to 148, the remaining btc for next payout reset like 3 times, and the line on the website hasn't moved since around noon... what's up with that?
Also why don't you make this honestly, you will make more money from fees than dishonesty, i.e. payouts it supposed to be equal to deposits unless there is not enough to cover next payout, I really do not know what is wrong with some people i.e. OP
Remove "Round resets SOON" from front page, for gods sake... there is a timer you are practically invite investors to not invest...
and last deposit 16ifqeioagCULqdxiHCtky4U3qxZ9i2svp 0.01984432 says "Return paid", but in the blockchain is not paid
And this: "Your partner" apparently "yelled" at someone and removed the post. You dont even know about this. Strike that, might honestly been faked. You are both missing the point Again: if Bitcointalk were all on 0 trust how would we know who are scammers and who are not? Same thing with the ponzi section. Secondly we can't hold more than 1.95btc at a time on our site I've said this time and time again That's why myself and weekly ponzi do not deserve these ratings. As for those quotes, this is what happened when you don't have a self moderated thread. People FUD and trash the shit out of it. That's not our fault and we can't do anything about it sadly. bt234 is a FUD,and in all honesty I don't know what the other two quotes are talking about (I've been asleep so maybe my dev edited the site to fix those errors) Either way, you better read this thread properly you are both missing my point
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koshgel
Legendary
Offline
Activity: 1162
Merit: 1001
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January 13, 2015, 10:13:33 PM |
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If you ignore the fact that you are running a ponzi (this is a ponzi), then the negative trust is still appropiate.
Your "game" is not fair to players: there is no way to verify that appropiate players are receiving a payout. I haven't looked real closely at how your "game" works, however I assume it determins who gets paid something similar to the early players profit while the later players get nothing. Even if you used the first blocks that confirmed transactions you could easily use your own money (via mixers) to play early on this would make it so the majority of plays would end up loosing.
There is no real way to "verify" bets. In addition to the above you need to be trusted that appropiate players get payout. Even prime dice, which is arguably the most reputable Bitcoin casino here allows players to verify their bets to prove they received appropiate payments.
You are asking players to trust you with large amounts of money while you have no reputation. Mu believe your first post was creating your game. This is very similar to a brand new user asking to be trusted with a short term loan.
You clearly are not new to the forum based on how quickly you made it to meta and how familar you are with the trust system. This means that you are either a scammer (and should not be trusted) or plan on eventually scamming and want to protect your existing accounts reputation when you eventually run away with investor money. I am sure you knew you would probably get negative trust the hour you started your game however, a reputable member could potentially provide a history of "honesty" with their game to get it removed. I somewhat thing it is the former. I somewhat doubt that badbear will confirm or deny this, however I would speculate that you can be linked to either a scammer or are using An IP masking service like tor or a vpn.
There was recently a ponzi that was "honest" with players for a while (a few weeks) and had over 700 BTC move through their address. This built up a lot of confidence with their game allowing them to quickly accumulate large amounts of Bitcoin very quickly which means if they delayed payouts even a short time then they could run away with large amounts of Bitcoin. The end game in these ponzis is to run away once enough confidence is built up.
H8HmIEPxaKAU6XR1itlUXfP4FM14+Uj5QrWyql9I11CdKawkiUZpoft76VRTqWH9JdC/7UQ3zbLVBV3wRqyybY4= ^^^^ signed What can I possibly add after this? Quickseller perfectly summed it up. There is no such thing as a legit ponzi. Same as a thimblerigger you are allways in full control, never is the other party risking their money. If you actually think that Ponzis are a legit form of gambling, why do you hide behind your alt? And another question: where do you come from? I wonder if this is some cultural thing. Edit: Id like to post some recent quotes your "happy" customers left: deposits increased from 13x to 148, the remaining btc for next payout reset like 3 times, and the line on the website hasn't moved since around noon... what's up with that?
Also why don't you make this honestly, you will make more money from fees than dishonesty, i.e. payouts it supposed to be equal to deposits unless there is not enough to cover next payout, I really do not know what is wrong with some people i.e. OP
Remove "Round resets SOON" from front page, for gods sake... there is a timer you are practically invite investors to not invest...
and last deposit 16ifqeioagCULqdxiHCtky4U3qxZ9i2svp 0.01984432 says "Return paid", but in the blockchain is not paid
And this: "Your partner" apparently "yelled" at someone and removed the post. You dont even know about this. Strike that, might honestly been faked. You are both missing the point Again: if Bitcointalk were all on 0 trust how would we know who are scammers and who are not? Same thing with the ponzi section. Secondly we can't hold more than 1.95btc at a time on our site I've said this time and time again That's why myself and weekly ponzi do not deserve these ratings. As for those quotes, this is what happened when you don't have a self moderated thread. People FUD and trash the shit out of it. That's not our fault and we can't do anything about it sadly. bt234 is a FUD,and in all honesty I don't know what the other two quotes are talking about (I've been asleep so maybe my dev edited the site to fix those errors) Either way, you better read this thread properly you are both missing my point You didn't respond to any of his arguments. All you keep saying is that everybody is missing the point. I think you are missing the point and deluding yourself into thinking what you are doing is responsible gambling when in fact it is a large scam. Find another way to make BTC besides scamming people.
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