ChainProfit.com - 27+ BTC Paid | 140% Return | Running over four months now

[cloudbets]

NO, it is not gamble or investment, you can't create. Ponzi's are not provably fair.

I think it already exist a kind of ponzi turned into a fair gambling, it is called www.bitnety.com

[Kprawn]

Why would you want to create a game, based on Ponzi schemes? Most people "hate" ponzi schemes and you would be better off, creating something with a better reputation.

You will in affect, decrease your chances to get NEW signups, just by mentioning that it's linked to Ponzi's.  

[dyask]

NO, it is not gamble or investment, you can't create. Ponzi's are not provably fair.

I think it already exist a kind of ponzi turned into a fair gambling, it is called www.bitnety.com

That seems to be a pyramid scheme.  Shares common attributes with a Ponzi.   They always collapse at some point.   In a way this is worse because you don't know when it will collapse and that gives a false sense of security.    If you are against Ponzi schemes you should be equally against pyramid schemes.    

[R2D221]

I think it already exist a kind of ponzi turned into a fair gambling, it is called [link removed]

Stop it, cloudbets.

[adaseb]

Well you can start by not scamming the user. But Ponzi aren't like dice sites.

[CrazyJoker]

Well you can start by not scamming the user. But Ponzi aren't like dice sites.

I am still developing the site and it will take a few more days. In the mean time I have taken a note of what people are suggesting to make it run as transaparently as possible. Of course, I dont have a way to negate the risk of running away with the fund and that trust can only be built over time. I am planning to launch the site first without accepting any deposit and run it with demo bitcoins for some day. That way people will get more opportunity to point out to the probable flaws I may have. After that, I'll start accepting deposits...

[dyask]

Here is a sordid tale.   https://bitcointalk.org/index.php?topic=930008.0

It is the people that are a problem.   I don't think the game has anything to do with the problem, it is the people.

[PerfectCoin]

Ponzi = Scam
its impossible to create a fair game when it comes to ponzi, it will turn scam after it become popular

[RocketSingh]

Here is a sordid tale.   https://bitcointalk.org/index.php?topic=930008.0

It is the people that are a problem.   I don't think the game has anything to do with the problem, it is the people.

I think any of the gambling site operators may cheat like this. In fact, it happened before in case of dice.ninja.

[ninjaboon]

And you need a trusted escrow to hold the funds. That acts like an insurance.

[sgk]

Here's a trusted ponzi:

- Declare your own funds and hand them over to a trusted escrow for insurance (For example 10BTC)
- When unpaid deposits reach the insurance amount (10 BTC), you freeze the current round and pay all unpaid deposits with escrowed BTC
- Start new round with fresh deposits

You only make money from fees

[ninjaboon]

Here's a trusted ponzi:

- Declare your own funds and hand them over to a trusted escrow for insurance (For example 10BTC)
- When unpaid deposits reach the insurance amount (10 BTC), you freeze the current round and pay all unpaid deposits with escrowed BTC
- Start new round with fresh deposits

You only make money from fees

another good variation. never thought of that.

[sherbyspark]

Here's a trusted ponzi:

- Declare your own funds and hand them over to a trusted escrow for insurance (For example 10BTC)
- When unpaid deposits reach the insurance amount (10 BTC), you freeze the current round and pay all unpaid deposits with escrowed BTC
- Start new round with fresh deposits

You only make money from fees

This seems like a nice idea too. AS long as you don't get any big deposits in a small time frame,  the 10 BTC don't have to be refunded and can continue with further rounds, as long as 10 BTC is never in the wallet.
But, a drawback would be, that ponzis continue for over 48 hours at time. The escrow will have to monitor the address all the time, which would not be easy to manage.
 

[sgk]

Here's a trusted ponzi:

- Declare your own funds and hand them over to a trusted escrow for insurance (For example 10BTC)
- When unpaid deposits reach the insurance amount (10 BTC), you freeze the current round and pay all unpaid deposits with escrowed BTC
- Start new round with fresh deposits

You only make money from fees

This seems like a nice idea too. AS long as you don't get any big deposits in a small time frame,  the 10 BTC don't have to be refunded and can continue with further rounds, as long as 10 BTC is never in the wallet.
But, a drawback would be, that ponzis continue for over 48 hours at time. The escrow will have to monitor the address all the time, which would not be easy to manage.
 

Or some system could be hard-coded in ponzi site that will automatically freeze the round when the insurance amount is met with unpaid deposits.

[RocketSingh]

Here's a trusted ponzi:

- Declare your own funds and hand them over to a trusted escrow for insurance (For example 10BTC)
- When unpaid deposits reach the insurance amount (10 BTC), you freeze the current round and pay all unpaid deposits with escrowed BTC
- Start new round with fresh deposits

You only make money from fees

This seems like a nice idea too. AS long as you don't get any big deposits in a small time frame,  the 10 BTC don't have to be refunded and can continue with further rounds, as long as 10 BTC is never in the wallet.
But, a drawback would be, that ponzis continue for over 48 hours at time. The escrow will have to monitor the address all the time, which would not be easy to manage.
 

Or some system could be hard-coded in ponzi site that will automatically freeze the round when the insurance amount is met with unpaid deposits.

I doubt whether people will be interested in a Ponzi with escrowed cut-off, though I'm not sure whether any of the Ponzi games have been able to raise 10 BTC at one round.

[sgk]

I doubt whether people will be interested in a Ponzi with escrowed cut-off.

OP wants to start a provably fair ponzi site. Anything can be hardcoded, its only a matter of willingness of the operator.

though I'm not sure whether any of the Ponzi games have been able to raise 10 BTC at one round.

https://bitcointalk.org/index.php?topic=935163.0
Raised 80+ BTC (Do not get tempted to invest though; last 20 BTC payback is pending)

[SirChiko]

Make it 2fa and give one key to escrow 

[RocketSingh]

Make it 2fa and give one key to escrow  

Does not Ponzi games make regular payment ? If yes, then escrow might be an obstacle to that...

[CrazyJoker]

Here's a trusted ponzi:

- Declare your own funds and hand them over to a trusted escrow for insurance (For example 10BTC)
- When unpaid deposits reach the insurance amount (10 BTC), you freeze the current round and pay all unpaid deposits with escrowed BTC
- Start new round with fresh deposits

You only make money from fees

This seems like a nice idea too. AS long as you don't get any big deposits in a small time frame,  the 10 BTC don't have to be refunded and can continue with further rounds, as long as 10 BTC is never in the wallet.
But, a drawback would be, that ponzis continue for over 48 hours at time. The escrow will have to monitor the address all the time, which would not be easy to manage.
 

Or some system could be hard-coded in ponzi site that will automatically freeze the round when the insurance amount is met with unpaid deposits.

I think using escrow is a great option to start-off. But, I am planning to pay out daily... hence escrow will be a bit of a blockage from normal functioning.

[nikona]

Here's a trusted ponzi:

- Declare your own funds and hand them over to a trusted escrow for insurance (For example 10BTC)
- When unpaid deposits reach the insurance amount (10 BTC), you freeze the current round and pay all unpaid deposits with escrowed BTC
- Start new round with fresh deposits

You only make money from fees

This seems like a nice idea too. AS long as you don't get any big deposits in a small time frame,  the 10 BTC don't have to be refunded and can continue with further rounds, as long as 10 BTC is never in the wallet.
But, a drawback would be, that ponzis continue for over 48 hours at time. The escrow will have to monitor the address all the time, which would not be easy to manage.
 

I think escrow would be happy to work on this..he can release the payouts to the provided address..it doesnt take much time anyways.!

Or some system could be hard-coded in ponzi site that will automatically freeze the round when the insurance amount is met with unpaid deposits.

I think using escrow is a great option to start-off. But, I am planning to pay out daily... hence escrow will be a bit of a blockage from normal functioning.