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Topic: [ANN] Returnbit [RBIT] [SCRYPT] [POW] - page 14. (Read 45635 times)

ReturnBits
full member
Activity: 194
Merit: 100
Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]
September 19, 2016, 08:34:47 AM
#295
Quote from: tusandii on September 19, 2016, 04:01:47 AM
Quote from: taliwang on September 18, 2016, 06:32:13 PM
Quote from: tusandii on September 17, 2016, 10:58:19 PM
Hello

excuse me Guys, how much the ICO price of returnbit ?
1 RBIT = 40000 satoshi
Quote from: ReturnBits on August 24, 2016, 11:07:54 PM
Sept 1-7 ICO price 0.00020000 BTC/RBIT
Sept 8-14 ICO price 0.00040000 BTC/RBIT


wow that was good price, but it will be different story if rbit get listed in novaexchange. hmmm
Keep filling out the add form on yobit.
tusandii
hero member
Activity: 1638
Merit: 521
Leading Crypto Sports Betting & Casino Platform
Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]
September 19, 2016, 04:01:47 AM
#294
Quote from: taliwang on September 18, 2016, 06:32:13 PM
Quote from: tusandii on September 17, 2016, 10:58:19 PM
Hello

excuse me Guys, how much the ICO price of returnbit ?
1 RBIT = 40000 satoshi
Quote from: ReturnBits on August 24, 2016, 11:07:54 PM
Sept 1-7 ICO price 0.00020000 BTC/RBIT
Sept 8-14 ICO price 0.00040000 BTC/RBIT


wow that was good price, but it will be different story if rbit get listed in novaexchange. hmmm
nezto77
hero member
Activity: 868
Merit: 501
Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]
September 19, 2016, 02:53:26 AM
#293
I look at the list vote novaexcange , returnbit already have a full vote , and may stay there to wait for the list immediately . This is very regrettable , why someone should choose RBIT there? we can see, a lot of coin die and did not move in his stock there
taliwang
sr. member
Activity: 658
Merit: 250
Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]
September 18, 2016, 06:32:13 PM
#292
Quote from: tusandii on September 17, 2016, 10:58:19 PM
Hello

excuse me Guys, how much the ICO price of returnbit ?
1 RBIT = 40000 satoshi
Quote from: ReturnBits on August 24, 2016, 11:07:54 PM
Sept 1-7 ICO price 0.00020000 BTC/RBIT
Sept 8-14 ICO price 0.00040000 BTC/RBIT
kaconk
hero member
Activity: 1083
Merit: 503
Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]
September 18, 2016, 05:40:55 PM
#291
Quote from: anehh on September 18, 2016, 03:10:06 PM
Quote from: kaconk on September 18, 2016, 02:19:06 PM
this user (farlack : https://bitcointalksearch.org/user/farlack-68507) stolen my 19k rbit.
for now, i will wait exchange for returnbit.

What happen, do you OTC with farlack?
He is Neg Trus  Angry

-2: -1 / +0
Warning: Trade with extreme caution!

yups, i try to make transaction with him..
he want to buy my 19k rbit (without using escrow) coz i believe with the his rank. but who know?
i already send my 19k rbit, and he dont send the btc. and he block my personal message.
i report him for untrusted person.
so, becarefull with farlack. -___-

*its is pure my mistake.
anehh
sr. member
Activity: 600
Merit: 250
Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]
September 18, 2016, 03:10:06 PM
#290
Quote from: kaconk on September 18, 2016, 02:19:06 PM
this user (farlack : https://bitcointalksearch.org/user/farlack-68507) stolen my 19k rbit.
for now, i will wait exchange for returnbit.

What happen, do you OTC with farlack?
He is Neg Trus  Angry

-2: -1 / +0
Warning: Trade with extreme caution!
kanoptx
sr. member
Activity: 406
Merit: 250
www.cryptocompare.com
Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]
September 18, 2016, 02:43:57 PM
#289
Quote from: kaconk on September 18, 2016, 02:19:06 PM
this user (farlack : https://bitcointalksearch.org/user/farlack-68507) stolen my 19k rbit.
for now, i will wait exchange for returnbit.

how did that happen?  Huh
kaconk
hero member
Activity: 1083
Merit: 503
Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]
September 18, 2016, 02:19:06 PM
#288
this user (farlack : https://bitcointalksearch.org/user/farlack-68507) stolen my 19k rbit.
for now, i will wait exchange for returnbit.
Coin_trader
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]
September 18, 2016, 11:01:56 AM
#287
this coin will unveil it's potential when it reach the trading market.
ReturnBits
full member
Activity: 194
Merit: 100
Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]
September 18, 2016, 10:54:36 AM
#286
The max for tier 1 is 10000, no more large amounts.
kreatoralex
hero member
Activity: 1257
Merit: 501
Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]
September 18, 2016, 10:26:17 AM
#285
Late saw a coin. Soon 200 coins per block. it's a pity
tusandii
hero member
Activity: 1638
Merit: 521
Leading Crypto Sports Betting & Casino Platform
Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]
September 17, 2016, 10:58:19 PM
#284
Hello

excuse me Guys, how much the ICO price of returnbit ?
ReturnBits
full member
Activity: 194
Merit: 100
Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]
September 17, 2016, 10:51:47 PM
#283
Inherently by definition
A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game) is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.

The reason I don't call this a 'ponzi', is because it has legitimate sources IE the block rewards.
chisefu
hero member
Activity: 602
Merit: 500
Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]
September 17, 2016, 10:48:30 PM
#282
Quote from: ReturnBits on September 17, 2016, 10:47:25 PM
Quote from: chisefu on September 17, 2016, 10:44:15 PM
Quote from: Xardas2014 on September 17, 2016, 10:42:07 PM
Quote from: ReturnBits on September 17, 2016, 10:32:37 PM
Quote from: Xardas2014 on September 17, 2016, 10:21:32 PM
Quote from: ReturnBits on September 17, 2016, 10:06:38 PM
Quote from: Xardas2014 on September 17, 2016, 10:00:25 PM
Quote from: Thefrolly on September 17, 2016, 09:38:41 PM
Quote from: celot on September 17, 2016, 09:35:22 PM
Quote from: ReturnBits on September 17, 2016, 09:20:21 PM
Again the queue has filled up. It will slowly build funds until they can be paid out. It may take some time...
this PONZI ?

if you read the ann. page you see that the funds from the rtrust come from mining, since every block found gives 50 coins into the rtrust
At this point it will be 5+ days before mining can pay the unpaid. Very little point in sending in more Tier 1 coins.
Actually no, with the minimum buy in at 50,000.
Assuming there is 1440 blocks in 1 day at 60 second intervals
50x1440=72000
Thats more than enough to pay out assuming no new people send in.
The transaction last night was for 150,000 and still got paid out in a few hours. The more that is sent in, the faster the queue will go.
There is no need for new people to send in, This queue will be completely empty within a few hours.
3000 Coins come in every hour.
Actually yes. Using your best case scenario figure of 72,000 coins a day, you have an unpaid total of 418731/72,000=5.8 days
You assuming that no funds come in and everything is completely halted. Regardless, the queue will empty. It might take longer than normal, but regardless, it will empty. Guaranteed.
If you are using funds people deposit to pay off earlier depositors, that by definition is a PONZI. If you are only using the 50 coins per block and transaction fees, then it isn't an outright ponzi. So which is it? Also you are fast approaching block halving and thus 25 coins per block instead of 50. When I used the figure of 5+ days to get the unpaid people paid, I was being rather generous if the rtrust only gets coins from mining rewards and fees. If it is a PONZI, then everyone could be paid quickly or not at all. I suspect you will very soon see miners stopping. I know I already did.

It's absolutely not a PONZI if there is forecasted revenue that will exceed the accounts payable.  There's nothing saying he can't use mined coins to balance the budget either.  That's why I wouldn't make the wager.  Once the initial big block mining phase is over, things will be balanced.

Its somewhat both in this sense. It is using the new investors to pay the old, and also the block rewards and fees. But any traditional "ponzi" will collapse when the funds completely stop coming into the system.
This won't, it will simply take longer than expected, which was all foretold prior to this. The payout time frames are minimum time frames. That a queue would be built, and eventually everyone still gets paid. Everyone CAN stop sending in, but everyone WILL still get paid.

Exactly, thank you.
ReturnBits
full member
Activity: 194
Merit: 100
Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]
September 17, 2016, 10:47:25 PM
#281
Quote from: chisefu on September 17, 2016, 10:44:15 PM
Quote from: Xardas2014 on September 17, 2016, 10:42:07 PM
Quote from: ReturnBits on September 17, 2016, 10:32:37 PM
Quote from: Xardas2014 on September 17, 2016, 10:21:32 PM
Quote from: ReturnBits on September 17, 2016, 10:06:38 PM
Quote from: Xardas2014 on September 17, 2016, 10:00:25 PM
Quote from: Thefrolly on September 17, 2016, 09:38:41 PM
Quote from: celot on September 17, 2016, 09:35:22 PM
Quote from: ReturnBits on September 17, 2016, 09:20:21 PM
Again the queue has filled up. It will slowly build funds until they can be paid out. It may take some time...
this PONZI ?

if you read the ann. page you see that the funds from the rtrust come from mining, since every block found gives 50 coins into the rtrust
At this point it will be 5+ days before mining can pay the unpaid. Very little point in sending in more Tier 1 coins.
Actually no, with the minimum buy in at 50,000.
Assuming there is 1440 blocks in 1 day at 60 second intervals
50x1440=72000
Thats more than enough to pay out assuming no new people send in.
The transaction last night was for 150,000 and still got paid out in a few hours. The more that is sent in, the faster the queue will go.
There is no need for new people to send in, This queue will be completely empty within a few hours.
3000 Coins come in every hour.
Actually yes. Using your best case scenario figure of 72,000 coins a day, you have an unpaid total of 418731/72,000=5.8 days
You assuming that no funds come in and everything is completely halted. Regardless, the queue will empty. It might take longer than normal, but regardless, it will empty. Guaranteed.
If you are using funds people deposit to pay off earlier depositors, that by definition is a PONZI. If you are only using the 50 coins per block and transaction fees, then it isn't an outright ponzi. So which is it? Also you are fast approaching block halving and thus 25 coins per block instead of 50. When I used the figure of 5+ days to get the unpaid people paid, I was being rather generous if the rtrust only gets coins from mining rewards and fees. If it is a PONZI, then everyone could be paid quickly or not at all. I suspect you will very soon see miners stopping. I know I already did.

It's absolutely not a PONZI if there is forecasted revenue that will exceed the accounts payable.  There's nothing saying he can't use mined coins to balance the budget either.  That's why I wouldn't make the wager.  Once the initial big block mining phase is over, things will be balanced.

Its somewhat both in this sense. It is using the new investors to pay the old, and also the block rewards and fees. But any traditional "ponzi" will collapse when the funds completely stop coming into the system.
This won't, it will simply take longer than expected, which was all foretold prior to this. The payout time frames are minimum time frames. That a queue would be built, and eventually everyone still gets paid. Everyone CAN stop sending in, but everyone WILL still get paid.
chisefu
hero member
Activity: 602
Merit: 500
Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]
September 17, 2016, 10:44:15 PM
#280
Quote from: Xardas2014 on September 17, 2016, 10:42:07 PM
Quote from: ReturnBits on September 17, 2016, 10:32:37 PM
Quote from: Xardas2014 on September 17, 2016, 10:21:32 PM
Quote from: ReturnBits on September 17, 2016, 10:06:38 PM
Quote from: Xardas2014 on September 17, 2016, 10:00:25 PM
Quote from: Thefrolly on September 17, 2016, 09:38:41 PM
Quote from: celot on September 17, 2016, 09:35:22 PM
Quote from: ReturnBits on September 17, 2016, 09:20:21 PM
Again the queue has filled up. It will slowly build funds until they can be paid out. It may take some time...
this PONZI ?

if you read the ann. page you see that the funds from the rtrust come from mining, since every block found gives 50 coins into the rtrust
At this point it will be 5+ days before mining can pay the unpaid. Very little point in sending in more Tier 1 coins.
Actually no, with the minimum buy in at 50,000.
Assuming there is 1440 blocks in 1 day at 60 second intervals
50x1440=72000
Thats more than enough to pay out assuming no new people send in.
The transaction last night was for 150,000 and still got paid out in a few hours. The more that is sent in, the faster the queue will go.
There is no need for new people to send in, This queue will be completely empty within a few hours.
3000 Coins come in every hour.
Actually yes. Using your best case scenario figure of 72,000 coins a day, you have an unpaid total of 418731/72,000=5.8 days
You assuming that no funds come in and everything is completely halted. Regardless, the queue will empty. It might take longer than normal, but regardless, it will empty. Guaranteed.
If you are using funds people deposit to pay off earlier depositors, that by definition is a PONZI. If you are only using the 50 coins per block and transaction fees, then it isn't an outright ponzi. So which is it? Also you are fast approaching block halving and thus 25 coins per block instead of 50. When I used the figure of 5+ days to get the unpaid people paid, I was being rather generous if the rtrust only gets coins from mining rewards and fees. If it is a PONZI, then everyone could be paid quickly or not at all. I suspect you will very soon see miners stopping. I know I already did.

It's absolutely not a PONZI if there is forecasted revenue that will meet the accounts payable.  There's nothing saying he can't use mined coins to balance the budget either.  That's why I wouldn't make the wager.  Once the initial big block mining phase is over, things will be balanced.
ReturnBits
full member
Activity: 194
Merit: 100
Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]
September 17, 2016, 10:43:36 PM
#279
Quote from: Xardas2014 on September 17, 2016, 10:42:07 PM
Quote from: ReturnBits on September 17, 2016, 10:32:37 PM
Quote from: Xardas2014 on September 17, 2016, 10:21:32 PM
Quote from: ReturnBits on September 17, 2016, 10:06:38 PM
Quote from: Xardas2014 on September 17, 2016, 10:00:25 PM
Quote from: Thefrolly on September 17, 2016, 09:38:41 PM
Quote from: celot on September 17, 2016, 09:35:22 PM
Quote from: ReturnBits on September 17, 2016, 09:20:21 PM
Again the queue has filled up. It will slowly build funds until they can be paid out. It may take some time...
this PONZI ?

if you read the ann. page you see that the funds from the rtrust come from mining, since every block found gives 50 coins into the rtrust
At this point it will be 5+ days before mining can pay the unpaid. Very little point in sending in more Tier 1 coins.
Actually no, with the minimum buy in at 50,000.
Assuming there is 1440 blocks in 1 day at 60 second intervals
50x1440=72000
Thats more than enough to pay out assuming no new people send in.
The transaction last night was for 150,000 and still got paid out in a few hours. The more that is sent in, the faster the queue will go.
There is no need for new people to send in, This queue will be completely empty within a few hours.
3000 Coins come in every hour.
Actually yes. Using your best case scenario figure of 72,000 coins a day, you have an unpaid total of 418731/72,000=5.8 days
You assuming that no funds come in and everything is completely halted. Regardless, the queue will empty. It might take longer than normal, but regardless, it will empty. Guaranteed.
If you are using funds people deposit to pay off earlier depositors, that by definition is a PONZI. If you are only using the 50 coins per block and transaction fees, then it isn't an outright ponzi. So which is it? Also you are fast approaching block halving and thus 25 coins per block instead of 50. When I used the figure of 5+ days to get the unpaid people paid, I was being rather generous if the rtrust only gets coins from mining rewards and fees. If it is a PONZI, then everyone could be paid quickly or not at all. I suspect you will very soon see miners stopping. I know I already did.

50 coins from every block, regardless of the block reward.
Xardas2014
hero member
Activity: 635
Merit: 500
Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]
September 17, 2016, 10:42:07 PM
#278
Quote from: ReturnBits on September 17, 2016, 10:32:37 PM
Quote from: Xardas2014 on September 17, 2016, 10:21:32 PM
Quote from: ReturnBits on September 17, 2016, 10:06:38 PM
Quote from: Xardas2014 on September 17, 2016, 10:00:25 PM
Quote from: Thefrolly on September 17, 2016, 09:38:41 PM
Quote from: celot on September 17, 2016, 09:35:22 PM
Quote from: ReturnBits on September 17, 2016, 09:20:21 PM
Again the queue has filled up. It will slowly build funds until they can be paid out. It may take some time...
this PONZI ?

if you read the ann. page you see that the funds from the rtrust come from mining, since every block found gives 50 coins into the rtrust
At this point it will be 5+ days before mining can pay the unpaid. Very little point in sending in more Tier 1 coins.
Actually no, with the minimum buy in at 50,000.
Assuming there is 1440 blocks in 1 day at 60 second intervals
50x1440=72000
Thats more than enough to pay out assuming no new people send in.
The transaction last night was for 150,000 and still got paid out in a few hours. The more that is sent in, the faster the queue will go.
There is no need for new people to send in, This queue will be completely empty within a few hours.
3000 Coins come in every hour.
Actually yes. Using your best case scenario figure of 72,000 coins a day, you have an unpaid total of 418731/72,000=5.8 days
You assuming that no funds come in and everything is completely halted. Regardless, the queue will empty. It might take longer than normal, but regardless, it will empty. Guaranteed.
If you are using funds people deposit to pay off earlier depositors, that by definition is a PONZI. If you are only using the 50 coins per block and transaction fees, then it isn't an outright ponzi. So which is it? Also you are fast approaching block halving and thus 25 coins per block instead of 50. When I used the figure of 5+ days to get the unpaid people paid, I was being rather generous if the rtrust only gets coins from mining rewards and fees. If it is a PONZI, then everyone could be paid quickly or not at all. I suspect you will very soon see miners stopping. I know I already did.
ReturnBits
full member
Activity: 194
Merit: 100
Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]
September 17, 2016, 10:41:24 PM
#277
Quote from: chisefu on September 17, 2016, 10:40:26 PM
Quote from: ReturnBits on September 17, 2016, 10:37:18 PM
Quote from: chisefu on September 17, 2016, 10:35:51 PM
Quote from: Xardas2014 on September 17, 2016, 10:21:32 PM
Quote from: ReturnBits on September 17, 2016, 10:06:38 PM
Quote from: Xardas2014 on September 17, 2016, 10:00:25 PM
Quote from: Thefrolly on September 17, 2016, 09:38:41 PM
Quote from: celot on September 17, 2016, 09:35:22 PM
Quote from: ReturnBits on September 17, 2016, 09:20:21 PM
Again the queue has filled up. It will slowly build funds until they can be paid out. It may take some time...
this PONZI ?

if you read the ann. page you see that the funds from the rtrust come from mining, since every block found gives 50 coins into the rtrust
At this point it will be 5+ days before mining can pay the unpaid. Very little point in sending in more Tier 1 coins.
Actually no, with the minimum buy in at 50,000.
Assuming there is 1440 blocks in 1 day at 60 second intervals
50x1440=72000
Thats more than enough to pay out assuming no new people send in.
The transaction last night was for 150,000 and still got paid out in a few hours. The more that is sent in, the faster the queue will go.
There is no need for new people to send in, This queue will be completely empty within a few hours.
3000 Coins come in every hour.
Actually yes. Using your best case scenario figure of 72,000 coins a day, you have an unpaid total of 418731/72,000=5.8 days

There's no best case scenario, there's going to be +/- 72,000 coins a day.  It might be 70k it might be 74k.  You just said 5.8 days according to his math, and he said 5+ days.


I bet every pending transaction, is paid out by the morning. Would you care to make a wager ?

I wouldn't make that wager.

I bet every pending transaction, is paid out by the morning.
In the sense no new funds come in, he is right. It will take 5~ days for the queue to completely empty out. As long as no one else sends in coins. No transaction has been stuck in the queue more than a few hours. Currently your talking about a pending transaction for a few thousand. The transaction last-night took 3~ hours, and it was a lot larger than the current pending ones. According to your math, it should have taken 15 days to pay out that transaction.

I have been watching the system pretty close, and I haven't seen any last more than a few hours.
chisefu
hero member
Activity: 602
Merit: 500
Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]
September 17, 2016, 10:40:26 PM
#276
Quote from: ReturnBits on September 17, 2016, 10:37:18 PM
Quote from: chisefu on September 17, 2016, 10:35:51 PM
Quote from: Xardas2014 on September 17, 2016, 10:21:32 PM
Quote from: ReturnBits on September 17, 2016, 10:06:38 PM
Quote from: Xardas2014 on September 17, 2016, 10:00:25 PM
Quote from: Thefrolly on September 17, 2016, 09:38:41 PM
Quote from: celot on September 17, 2016, 09:35:22 PM
Quote from: ReturnBits on September 17, 2016, 09:20:21 PM
Again the queue has filled up. It will slowly build funds until they can be paid out. It may take some time...
this PONZI ?

if you read the ann. page you see that the funds from the rtrust come from mining, since every block found gives 50 coins into the rtrust
At this point it will be 5+ days before mining can pay the unpaid. Very little point in sending in more Tier 1 coins.
Actually no, with the minimum buy in at 50,000.
Assuming there is 1440 blocks in 1 day at 60 second intervals
50x1440=72000
Thats more than enough to pay out assuming no new people send in.
The transaction last night was for 150,000 and still got paid out in a few hours. The more that is sent in, the faster the queue will go.
There is no need for new people to send in, This queue will be completely empty within a few hours.
3000 Coins come in every hour.
Actually yes. Using your best case scenario figure of 72,000 coins a day, you have an unpaid total of 418731/72,000=5.8 days

There's no best case scenario, there's going to be +/- 72,000 coins a day.  It might be 70k it might be 74k.  You just said 5.8 days according to his math, and he said 5+ days.


I bet every pending transaction, is paid out by the morning. Would you care to make a wager ?

I wouldn't make that wager.
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