Topic: [ 0.508 BTC Jackpot!!! ] Payments Sent! [120%] [300%] ponzibomb.com (Read 872 times)

I got mine back but lose jackpot

Payments sent!

Jockpot winner was sent 1.4995 BTC: 757233523c08cc26753ce010cd26a483b2e926d136ecf132333bbdc0fd3c397c

There weren't many real players, the rest of the change is mine.  I'll move it to the jackpot for next week.

Next Bomb will end 1:00 GMT 2/18!

bumping

Of course.  I put the 1.5 BTC up there to draw people in.  At this rate the next jackpot will be way lower, so hope more come in and play

Fuck, another one?  Might play for that jackpot tho.  At least its not some free .tk domain on 000webhost or something

If you read more than the title you see:

On the site:
300% payouts are made to the LAST 5% first, then starting from the beginning, 120% until the first txid that can't be paid in full is encountered.  The remaining funds then go to the jackpot.

And in the post:
it just goes down the list on the blockchain until the first investor that can't be paid in full is encountered. 

Then a new Ponzi  Bomb starts.  Rinse/Repeat

How do you pay 120% to everyone +300% for the late comers... lol

Ok, I do some small, hope for jackpot. Will you still do jackpot draw if only few people try?

Just sent a whole bitcoin to the Lotto address.  Funny thing, when I sent it, the total value was $888.00.  Super lucky number if you are Chinese.

Payouts are manual but with the help of a script to quantify the transactions from blockchain.info and then output data for a sendmany transaction.  I feel the manual step is important since it keeps funds in a wallet that isn't accessible from the web.

Automatic is nice and convenient, but not very secure.  Even MtGox has been hacked.

Also, how long till payouts? Are they automated? Is it manual?

Yes, there is too many of these.  Hence the new twist.  Also, 18:00 GMT 2/16, changing the post now, but the website reflects this. Thanks for pointing it out.

Didn't this like... already end?

EDIT TO NEWBIES: May be a scam. Posted AFTER 01:00 GMT, site hasn't been updated. Also, WHOIS IS PRIVATE! Be very careful with this site.

lol fuck another one they need to put the newbie restriction back on

Introducing ponzibomb.com A World's First!

Ponzi Bomb is a new twist on the Ponzi scheme.  Like a traditional Ponzi, investors are paid with the newer investor's deposits.  
Unlike a Ponzi, however, the last investors don't get bilked, they get paid; 3 times their deposit.  Furthermore, the time the Pozni Bomb ends is known, in this case for the first, it ends at 18:00 GMT 2/16, at this time the first lottery winner will be paid.

Instead of latecomers being the losers here, the last 5% will get 3X or 300% of their deposit back, paid before anyone else.  From there, it just goes down the list on the blockchain until the first investor that can't be paid in full is encountered.  

Any left over change is then sent to the lottery address, which I have already added 0.5 BTC* to.  All txids that sent to the Ponzi Bomb address are gathered and a random txid is picked and the jackpot goes to that persons sending address.  It doesn't matter if they made the minimum or maximum transaction.  As of right now, this lottery will be once a week at 18:00 GMT on Fridays ( 6PM Friday Nights, Greenwich time).
Lottery address is 19QwhS2czVMNgyZXufxQhSJ7SMonDNCtDP

At some point, I'll have to introduce a house edge, or rake.  I'm thinking 1% of the jackpot per week, that should cover hosting and maybe a few beers.  For now, there is no rake.  I put up my own 0.5 BTC for the jackpot and some more for hosting/registration so that will have to be covered eventually as well.  Hopefully enough will try this out to cover what I have in it so far.

Ideally, this should be a evolutionary system, evolving to the wishes of it's users.  Feedback is not only welcome, but encouraged.  Still looking for a better way to do the lottery, for example.  

IF this site does well and there is measurable traffic, I will also introduce a contest for better web design ( All you have to do is look at the site and you know I suck at it, the artistic part of my brain seems to be missing).  Best design will get a percentage of the house rake for life.  Don't start coding yet, we still have to see if anyone bothers

* To make it more interesting, I've just added a whole coin to the lottery jackpot, which will be pulled at 18:00 GMT on 2/16, same time as the current Ponzi Bomb ends.
At the time of this writing, there are only 4 players, each having a 25% shot at the jackpot. (The first tx's are me testing my monitoring script, so not eligible for the jackpot ).