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Warning: You are in the Gambling section. You are likely to eventually lose any money that you gamble/"invest". Additionally, moderators do not remove likely scams. You must use your own brain: caveat emptor. Do not gamble more than you can afford to lose.

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Author Topic: ChainProfit.com - 27+ BTC Paid | 140% Return | Running over four months now  (Read 28098 times)
CrazyJoker
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February 06, 2015, 05:26:02 PM
 #141

so u're asking with other words, how can we know when scammer will run ? u cant ...this is not gambling ... its stupidity ...

Sure it is gambling, you are gambling on the site behaving fairly.   I think odds can be calculated, but the calculations are very complex and well beyond simple math.     

Anyway, any gambling site can be "hacked" at any moment.   Many have especially in the altcoin world.   Can you be sure none of those weren't the same, that is the operator just ran off with the money?

True..security is the key for all gambling based sites.. How secure is your site?

Contrary to the current Ponzi Games, you have to sign up and login in www.CrazyPonzi.com. The withdrawals are manual, but will be made daily so that one can withdraw even before a round finish. Implementation of manual withdrawal has made this site secure against hot wallet hack.

► Wondering if I am trusted ? Read: https://bitcointalk.org/index.php?topic=1060467.0
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There are several different types of Bitcoin clients. Hybrid server-assisted clients like Electrum get a lot of their network information from centralized servers, but they also check the server's results using blockchain header data. This is perhaps somewhat more secure than either server-assisted clients or header-only clients.
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MLM: Many Layers of Misery


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February 06, 2015, 08:30:27 PM
 #142

-snip-
2. Every round has a random return % between 110% to 200%.
-snip-
4. Every next player's invest will payout its previous investor and hence only the last person looses.

I dont understand #4 here I think. Lets say its a 200% round (which should double). If we further assume Fixed deposit amounts:

#1 invests 1 - bankroll is 1
#2 invests 1 - bankroll is 2, #1 gets paid 2
#3 invests 1 - bankroll is 1, #2 gets paid 2, where does the missing 1 BTC come from?

No. The system is not like that. As I have mentioned in point 4, the next person should always pay the previous person's payout. So, your example with 200% return will look like as follows...

#1 invests 1 - bankroll is 1
#2 invests 2 - bankroll is 2, #1 gets paid 2
#3 invests 4 - bankroll is 4, #2 gets paid 4


4. "Every next player's invest will payout its previous investor and hence only the last person looses."
Untrue.
This statement is only true if you substitute the word 'level' for the words 'player', 'investor' and 'person'.
As each level must, by definition, be 2x as big in value in order to pay the level above, this is an application of MLM to this "game" where the # are levels, not individual people.
As the value of each level doubles, then the lower levels obviously consist of more and more individuals who are likely to lose everything if their level is the last.

To say "only the last person loses" is untrue and deliberately misleading, the sort of lies the MLM industry tells all the time..

Extraordinary Claims require Extraordinary Evidence
CrazyJoker
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February 07, 2015, 10:07:12 AM
 #143

-snip-
2. Every round has a random return % between 110% to 200%.
-snip-
4. Every next player's invest will payout its previous investor and hence only the last person looses.

I dont understand #4 here I think. Lets say its a 200% round (which should double). If we further assume Fixed deposit amounts:

#1 invests 1 - bankroll is 1
#2 invests 1 - bankroll is 2, #1 gets paid 2
#3 invests 1 - bankroll is 1, #2 gets paid 2, where does the missing 1 BTC come from?

No. The system is not like that. As I have mentioned in point 4, the next person should always pay the previous person's payout. So, your example with 200% return will look like as follows...

#1 invests 1 - bankroll is 1
#2 invests 2 - bankroll is 2, #1 gets paid 2
#3 invests 4 - bankroll is 4, #2 gets paid 4


4. "Every next player's invest will payout its previous investor and hence only the last person looses."
Untrue.
This statement is only true if you substitute the word 'level' for the words 'player', 'investor' and 'person'.
As each level must, by definition, be 2x as big in value in order to pay the level above, this is an application of MLM to this "game" where the # are levels, not individual people.
As the value of each level doubles, then the lower levels obviously consist of more and more individuals who are likely to lose everything if their level is the last.

To say "only the last person loses" is untrue and deliberately misleading, the sort of lies the MLM industry tells all the time..

4. "Every next player's invest will payout its previous investor and hence only the last person looses."
True.

One single investor/player/person, however you identify an entity participating in the game, will have to pay double of the previous player, if the round return is 200%. 2x bigger payment is not constituted of multiple player's contribution. For a 200% round every player must pay 200% of the previous player, otherwise they will not be able to play. You call it MLM/Ponzi is up to you, but at the end of the day it is a game, where rules are clear from the beginning. And yes, only the last person loses is absolutely true. Please play in www.CrazyPonzi.com with the 1BTC non-withdrawable play money and provide me the Bet IDs where multiple players have lost in a single round.

► Wondering if I am trusted ? Read: https://bitcointalk.org/index.php?topic=1060467.0
RocketSingh
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February 07, 2015, 04:25:21 PM
 #144

so u're asking with other words, how can we know when scammer will run ? u cant ...this is not gambling ... its stupidity ...

Sure it is gambling, you are gambling on the site behaving fairly.   I think odds can be calculated, but the calculations are very complex and well beyond simple math.     

Anyway, any gambling site can be "hacked" at any moment.   Many have especially in the altcoin world.   Can you be sure none of those weren't the same, that is the operator just ran off with the money?

True..security is the key for all gambling based sites.. How secure is your site?

Contrary to the current Ponzi Games, you have to sign up and login in www.CrazyPonzi.com. The withdrawals are manual, but will be made daily so that one can withdraw even before a round finish. Implementation of manual withdrawal has made this site secure against hot wallet hack.

Fine. First of all I like your design & the concept. It is at least unique and not copy-cat of other Ponzi Games.

But how do you make profit ? Why will you run the game if you can not make profit ?

Albert Hamilton
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February 07, 2015, 06:59:33 PM
 #145

so u're asking with other words, how can we know when scammer will run ? u cant ...this is not gambling ... its stupidity ...

Sure it is gambling, you are gambling on the site behaving fairly.   I think odds can be calculated, but the calculations are very complex and well beyond simple math.     

Anyway, any gambling site can be "hacked" at any moment.   Many have especially in the altcoin world.   Can you be sure none of those weren't the same, that is the operator just ran off with the money?

True..security is the key for all gambling based sites.. How secure is your site?

Contrary to the current Ponzi Games, you have to sign up and login in www.CrazyPonzi.com. The withdrawals are manual, but will be made daily so that one can withdraw even before a round finish. Implementation of manual withdrawal has made this site secure against hot wallet hack.

Fine. First of all I like your design & the concept. It is at least unique and not copy-cat of other Ponzi Games.

But how do you make profit ? Why will you run the game if you can not make profit ?

I think this...

Hello... After taking the community feedback about how a transparent Ponzi Game should be, I have built a demo version of the game. It is now available at www.CrazyPonzi.com. As it is a demo, you can not deposit or withdraw any bitcoin for now, but you can play. To play, we are giving 1 BTC of play money at each sign up. Please note that, it is not withdrawable and before we launch our operation, we will make all balances to Zero. The site is still under development. But, for the sake ease in testing the demo, I am stating the rules over here...

1. Every round starts with a random investment by the system between 0.0005 BTC to 0.005 BTC.

2. Every round has a random return % between 110% to 200%.

3. Every round has a random investment window between 1 Hour to 10 Hour, within which a new player should invest. As soon as a new player invest, the countdown clock restarts again.

4. Every next player's invest will payout its previous investor and hence only the last person looses.

5. System will take 1% on every return. That is where system gets profitable.

6. Once the withdrawal is allowed, a player can withdraw his earning even before the round is over. Withdrawal will take place once in every day.

I have tried to cover all the points that are coming to my mind for now. If any part of the game is not clear to you, please do ask out. I'll update the site's FAQ with your Qs.
resya
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February 08, 2015, 03:39:47 AM
 #146

I like your game concept, but in order to keep the ball rolling, the last person should get a reward instead of just being a loser, also the return must be kept low, 110% - 150% is enough

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█   ⚂⚄⚀⚃⚅⚁    ██  d a d i c e  ██    Next Generation Dice Game
• Low 1% house edge. • Provably Fair.  
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RocketSingh
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February 08, 2015, 11:02:55 AM
 #147

I like your game concept, but in order to keep the ball rolling, the last person should get a reward instead of just being a loser, also the return must be kept low, 110% - 150% is enough

I'd like to see it reaching 200% sometimes... makes things spicy Wink

GermanGiant
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Do not trust the DefaultTrust


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February 09, 2015, 02:25:29 PM
 #148

I like your game concept, but in order to keep the ball rolling, the last person should get a reward instead of just being a loser, also the return must be kept low, 110% - 150% is enough

I'd rather like to see a longer time span variance, e.g. 6hr-48hr.
sgk
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!! HODL !!


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February 09, 2015, 04:18:13 PM
 #149

Crazy Ponzi.... Nice name!

The only people investing in a PONZI will be the CRAZY ones!

That's why it is called CrazyPonzi !! Grin

GermanGiant
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February 09, 2015, 10:27:24 PM
 #150

Crazy Ponzi.... Nice name!

The only people investing in a PONZI will be the CRAZY ones!

That's why it is called CrazyPonzi !! Grin


LoLz... nice resemblance found Tongue
TigerMart
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February 10, 2015, 06:33:41 PM
 #151

Crazy Ponzi.... Nice name!

The only people investing in a PONZI will be the CRAZY ones!

That's why it is called CrazyPonzi !! Grin


It is better to invest in Ponzi Games than wasting money on deceptive Cloud Mining Ponzis.
hopenotlate
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February 11, 2015, 09:43:08 AM
 #152

Crazy Ponzi.... Nice name!

The only people investing in a PONZI will be the CRAZY ones!

That's why it is called CrazyPonzi !! Grin


It is better to invest in Ponzi Games than wasting money on deceptive Cloud Mining Ponzis.


Just register to my signature casino and.........bet all on red Grin Grin

way better solution than the two prospected

GermanGiant
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February 11, 2015, 04:57:33 PM
 #153

Crazy Ponzi.... Nice name!

The only people investing in a PONZI will be the CRAZY ones!

That's why it is called CrazyPonzi !! Grin


It is better to invest in Ponzi Games than wasting money on deceptive Cloud Mining Ponzis.


Just register to my signature casino and.........bet all on red Grin Grin

way better solution than the two prospected

I dont like FortuneJack, because the design is very clumsy and not responsive, i.e. not suitable for mobile use.
CrazyJoker
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February 14, 2015, 12:28:44 AM
 #154

www.CrazyPonzi.com is now live. Thanks to everyone, who tested it and provided their valuable feedback. I think, community will love this game...

► Wondering if I am trusted ? Read: https://bitcointalk.org/index.php?topic=1060467.0
Albert Hamilton
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February 14, 2015, 09:28:09 AM
 #155

www.CrazyPonzi.com is now live. Thanks to everyone, who tested it and provided their valuable feedback. I think, community will love this game...

Ok... let me try.
RocketSingh
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February 14, 2015, 10:14:00 AM
 #156

www.CrazyPonzi.com is now live. Thanks to everyone, who tested it and provided their valuable feedback. I think, community will love this game...

Ok... let me try.

Please do let us know, how it works out for you...

Stargazer
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Neeed moooore cooooins!


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February 14, 2015, 10:45:51 AM
 #157

I wonder why people still invest in ponzis. This isn't even gambling.

niktitan132
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February 14, 2015, 10:52:07 AM
 #158

I wonder why people still invest in ponzis. This isn't even gambling.

People are greedy and probably fools to invest into such schemes.Yep,ponzi schemes can't be called gambling.

Quote
This is not gambling, it's a scheme. A ponzi scheme. Gambling involves a game.
Quote
Ponzi sites are not like gambling because the model is completely unsustainable. it is called a "Scheme" and not a "game" for this reason.
CrazyJoker
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February 14, 2015, 11:19:49 AM
 #159

I wonder why people still invest in ponzis. This isn't even gambling.

People are greedy and probably fools to invest into such schemes.Yep,ponzi schemes can't be called gambling.

Quote
This is not gambling, it's a scheme. A ponzi scheme. Gambling involves a game.
Quote
Ponzi sites are not like gambling because the model is completely unsustainable. it is called a "Scheme" and not a "game" for this reason.

May I request you to check the working process of www.CrazyPonzi.com for once and let me know for which part you think that it is not gambling ? I kept it open for public testing for around a week, taken their feedback into account and then started the operation. Please note that, this game is way different than the other Ponzi games you have seen so far. Only one person lose in each round at www.CrazyPonzi.com.

► Wondering if I am trusted ? Read: https://bitcointalk.org/index.php?topic=1060467.0
niktitan132
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February 14, 2015, 12:10:00 PM
 #160

I wonder why people still invest in ponzis. This isn't even gambling.

People are greedy and probably fools to invest into such schemes.Yep,ponzi schemes can't be called gambling.

Quote
This is not gambling, it's a scheme. A ponzi scheme. Gambling involves a game.
Quote
Ponzi sites are not like gambling because the model is completely unsustainable. it is called a "Scheme" and not a "game" for this reason.

May I request you to check the working process of www.CrazyPonzi.com for once and let me know for which part you think that it is not gambling ? I kept it open for public testing for around a week, taken their feedback into account and then started the operation. Please note that, this game is way different than the other Ponzi games you have seen so far. Only one person lose in each round at www.CrazyPonzi.com.

It's a ponzi and not a game.A ponzi is a ponzi,it doesn't make it different if you say that it is a gambling game because it's not.You are paying old deposits from new deposits.
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