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netmonk (OP)
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February 13, 2015, 11:20:46 PM |
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Since three days now, a new bitcoin faucet seems to have break new record : btc-flow.com. Im using it since the begining and got already 5 withdrawals on my mobile wallet. The thing is that i use other faucets, which income can be easily undertood by advertisement displayed all over the page. But this one has no advertisement. It only proposes to upgrade to bigger faucet condition (more flow, more storage), which have to be bought in btc (the ultimate upgrade is 100btc). When looking at withdraw log : http://btc-flow.com/page/transactions the total amount sent is 78btc. The question is where do those 78 btc come from ? How this website generate income enough to pay all withdraw ? Is it a ponzy where only the fool who upgrade pay for the other ? what is your opinion ? |
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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rammy2k2
Legendary
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Activity: 1974
Merit: 1003
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February 13, 2015, 11:36:11 PM |
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yes its a ponzi, stay away !  |
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redsn0w
Legendary
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Activity: 1778
Merit: 1042
#Free market
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February 13, 2015, 11:37:43 PM |
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I also think that btc-flow.com is a ponzi scheme , it is suggested to stay away from it or you will lose your bitcoin (if you will "invest" in it).
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netmonk (OP)
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February 13, 2015, 11:39:27 PM |
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For the moment i only earn satoshis from it, and my personnal policy is to not invest in it !
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Pantheon
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February 14, 2015, 01:52:54 AM |
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ponzis should just be a entertainment thing, just good to be amused by horrific stories and thats about it.
its like do you want to sleep with the girl who slept with 20 other men, and not catch HPV or STDs. the reward is you felt good 20 mins, but then finding another present that she also provided with..
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twister
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February 14, 2015, 08:50:05 AM |
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For the moment i only earn satoshis from it, and my personnal policy is to not invest in it !
^This Just use it as a faucet and don't invest anything and you'll be fine. |
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The Bad Guy
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February 14, 2015, 08:51:41 AM |
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For the moment i only earn satoshis from it, and my personnal policy is to not invest in it !
Exactly , simply use it as normal faucet and don't invest anything on it . and you should be fine and to answer your question .. Yes it is a ponzi scheme , be careful |
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Rannasha
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February 14, 2015, 09:42:47 AM |
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When looking at withdraw log : http://btc-flow.com/page/transactions the total amount sent is 78btc. The question is where do those 78 btc come from ? How this website generate income enough to pay all withdraw ? Is it a ponzy where only the fool who upgrade pay for the other ? Try clicking some of the links in that transaction-overview (they link to a tx-id on Blockchain.info)... All of them that I tried are links to transactions that Blockchain.info has never seen. So I'm pretty sure this transaction-overview is a big fake. You can draw your own conclusions from that. edit: Some of the older transactions do show up on BC.i, so the result is not conclusive. Nevertheless, it's an obvious Ponzi scheme. Just ask yourself where the operator gets his money from. Regular faucets have ads that pay for the faucet. I don't see any ads here. |
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addy nagar
Newbie
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Activity: 28
Merit: 0
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February 14, 2015, 10:28:57 AM |
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Sure they are ponzie...coz nobody will give u double of ur investment with just a tym pass game....why dont they do it for themself if they can double it
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Muhammed Zakir
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February 14, 2015, 05:01:34 PM |
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Sure they are ponzie...coz nobody will give u double of ur investment with just a tym pass game....why dont they do it for themself if they can double it
They won't be profitable. Once they get enough investors, they just run. For my question, some people replied they have invested more than 0.05 BTC. I think people are too greedy... -MZ |
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Quinn
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February 14, 2015, 05:33:07 PM |
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its not just btcflow, most of the stuff on this forum are ponzis or end up being one.
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Muhammed Zakir
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February 14, 2015, 07:18:20 PM |
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They decreased the earnings as much as they can. The ponzi is collapsing.
-MZ
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Strajow
Member
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Activity: 98
Merit: 10
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February 14, 2015, 10:25:24 PM |
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its not even worth going on anymore. 50 sats its down to
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grendel25
Legendary
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Activity: 2282
Merit: 1031
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February 15, 2015, 02:34:39 AM |
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It's up to the individual to do due dilligence. Asking if some business is a ponzi on a website forum isn't much better than just trusting in the business. Best bet is to make a list of questions and call the company. Then based on the answers you get do some crosschecking to see if they are telling the truth.
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Zombier0
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February 15, 2015, 03:24:33 AM |
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Scam ponzi skip it
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ciocgun
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February 15, 2015, 11:24:09 AM |
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it is already a SCAM..i'm waiting 0,01btc from 20hours..
do not invest
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Xian01
Legendary
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Activity: 1652
Merit: 1067
Christian Antkow
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February 15, 2015, 03:00:31 PM |
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Tracking the changes in earning rate and max capacity of this website over the last couple days has been... interesting. They are frequently lowering their rate to the point where it's just laughable at now. 0.0000001 BTC/min and 0.0000002 BTC max capacity at this writing.
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netmonk (OP)
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February 16, 2015, 08:58:49 PM |
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The website seems to be down on my side of earth, unable to reach server !  The ponzi ended ! |
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RocketSingh
Legendary
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Activity: 1662
Merit: 1050
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February 16, 2015, 09:19:22 PM |
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The website seems to be down on my side of earth, unable to reach server ! The ponzi ended ! It is working fine at my end. I'm confused why people are investing in a faucet ? Faucets are supposed to pay for free... no ? |
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kingofbitcoin
Sr. Member
Offline
Activity: 406
Merit: 250
Good bye Blockchain , you were hacked
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February 21, 2015, 05:42:19 PM |
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They payed me within ten minutes every time i cashout less then 0.01 BTC, (0.0027 to 0.004 different cashouts) , once i have request 0.01 BTC, i am waiting from several hours. I am level 3 , invested what i earned from CEX.IO so don't care how it goes, just want to share my story in here. Always invest only what you can afford to lose, so whatever happens you just don't give a f. Thats my fixed rule in BTC world.  |
1DDc49pyE3xEbCt8YakfLe48Syrq5XLve
ISLAM-The only true monotheist religion
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