Topic: Anyone try BitcoinPyramid? Are they trying to use BTC as a Pyramid scheme? (Read 593 times)
April 26, 2013, 05:59:15 PM
They even have pyramid in their name, at least they don't try to hide it xD
April 26, 2013, 05:56:41 PM
Would surely not "invest" in this.
Only if I was among those who started it.
April 26, 2013, 04:32:55 PM
Quote
Money distribution.
Each member receives up to 50% of his/her referral's income (but not more than s/he deposited + 0.01 btc at a time) and pays about 50% of his/her income to his/her sponsor and possibly random member(s). [3]
Member's income = member's deposits + referral payments + random payments.
Member's expenditure = member's withdrawals + withdrawal fees + sponsor payments + random payments.
Member's balance = member's income - member's expenditure.
Each member receives up to 50% of his/her referral's income (but not more than s/he deposited + 0.01 btc at a time) and pays about 50% of his/her income to his/her sponsor and possibly random member(s). [3]
Member's income = member's deposits + referral payments + random payments.
Member's expenditure = member's withdrawals + withdrawal fees + sponsor payments + random payments.
Member's balance = member's income - member's expenditure.
Yes! This is definitely a pyramid scheme.
Half of whatever money you deposit goes to your "sponsor," while half of the money your "referrals" deposit goes to you.
And yes, some users do make a profit, but only the ones at the very top.
April 26, 2013, 03:39:06 PM
I found this site via Bitvisitor. Just curious if anyone had used it. Is it worth doing? It is free to sign up but then it is tiered based on who signs up after you or from your link. I am always a little unsure about phishing scams but it does not ask for anything other than a wallet address so it seems unlikely it could be used for that.
http://bitcoinpyramid.com/r/7958
http://bitcoinpyramid.com/r/7958
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