Topic: Bitcoin Pyramid [Beta] - the oldest working pyramid? [OLD THREAD] (Read 62416 times)

The pyramid migrated to a new server, member registration is available again. I am locking this thread, please discuss here.

Here are few important news:

1. Bitcoin pyramid has been auctioned and sold for 0.52 btc to user bitcoinpyramid. I hoped to get more money for it but I am happy that bitcoinpyramid won because s/he is enthusiastic about development of the service and I think s/he can be trusted.

2. Domain name ownership has been transferred but still points to my server. We are working to migrate to a new server (that I don't have access to). Registration of new members is temporary disabled, sorry about it.

3. As promised, withdrawal threshold has been lowered, many members received withdrawals today.

4. I created a weighted list of withdrawal addresses of members that spent more BTCs than received them and sent the money to it as a tiny compensation / gratuity for participation (should arrive in a hour or so). Update: it sent out ~0.47 btc in 4 transactions: 1, 2, 3, 4. Other transactions failed because amounts are too small and bitcoind considers them dust, sorry.

I will let you know when transition is finished and will give a link to a new official thread of the Bitcoin Pyramid.

Update: new official thread is here: https://bitcointalksearch.org/topic/bitcoin-pyramid-beta-the-oldest-working-pyramid-947148

Bitcoin Pyramid is for sale!

I'm not exactly sure what I need to do to get in this, I made my member account with my deposit address, but how to I get people to help me and how do I help others?

http://bitcoinpyramid.com/r/17119

Ok, here are the options:

1. I got a request from a member who looks trustworthy. He could create a new anonymous account at bitcointalk, take over the pyramid and develop it. He is likely to preserve the hierarchy and protect the interests of existing members at the same time making the Pyramid more attractive to the newcomers.

2. I can try to auction the Pyramid with starting price of 10K USD in Bitcoins. Not sure if anybody would buy it, but if it happens then every pyramid member could get a compensation based on the average USD value of his/her deposits (at their respective dates).

3. I can auction the Pyramid with starting price of 100 USD in Bitcoins and partially compensate pyramid members based on ~USD value of their deposits.


Which option would you prefer?

If I auction the site, I don't know who will win the auction and if that person would preserve the hierarchy. That's why compensation is important.

But probably there are members who lost their bitcoin addresses or don't want to be compensated. I could give some time for members to claim their compensation and after that I could compensate only the ones that did so. Should I require to claim a compensation? If yes then should I require the claims to be signed by members' withdrawal addresses?

yes, kind of. you can check it here: http://bitcoinpyramid.com/history

the problem is I don't develop it, a lot of things could be done. so I am considering to try to sell it (see https://bitcointalksearch.org/topic/m.9843427)

do you think anybody would buy it? how much could it cost?

i want to ask same quesştion
i remember that site maybe one year before
when i saw this topic i was in shock
does it still alive?

does it still works?

ok thx i try to find out ! i think i remember parts of it .

You need to decrypt your wallet. If you remember a fraction of your password or likely parts of it then there should be tools that allow you to try all the combinations. I never used such tools though, but would like to know about them too.

How to solve this?

Is there any way to get your pass back?

yes forgot my wallet pass stupid me 

You mean you forgot your wallet password?

i own my old adress but i forgot my pass

Sorry, the pyramid is read only, there is no way to verify that you own your account unless you own your old address.

hello i need to change my bitcoin(withdraw) adress in bitcoin pyramid! How or where can i do this

Do you think anybody would like to buy the pyramid? What should be the minimum price?

Because payouts should be proportional to the value transferred into the pyramid. Bitcoin is too volatile to be a good measure of value yet. USD fits better (ideally we should consider USD inflation too, but it is not that significant).

Does it sound convincing?

I think if the new owner preserves the hierarchy and doesn't significantly change the rules, s/he should debase members' weights with respect to historical USDBTC rates. It should give newcomers more incentive to make deposits and generate income for existing members. It is better to have a lower share of a larger income than to have a higher share of ever-decaying negligible income, isn't it?

This is just a suggestion, I am posting it here to get your feedback. Would you like to preserve the pyramid in its current zombi-state, or would you prefer to sell it and to get a proportional share of its price?

There is a chance that new owner will develop and promote the pyramid and there is a risk that s/he will destroy it. I don't know, not even sure if anybody buys it.

Why are you bringing fiat/USD rates into this equation ?

http://bitcoinpyramid.com/member/4795
http://bitcoinpyramid.com/member/5002

Lets not mix oranges and apples. Okie ?

0.12171888 BTC me plzzzz.

There are many things that can be done to improve the pyramid, some of them were mentioned earlier in this thread, some of them are trivial to do. The Pyramid is still in Beta and rules are a subject to change, that gives some flexibility.

I am pretty sure it is possible to get more traction for this project. The problem is I am not sure I want this to happen.

So I am thinking about selling the project (domain name, source codes, database dump, bitcoin keys if needed) to somebody who wants it and to distribute the money to the pyramid members.

Here is how it could be done:

1. create an auction for Y days with start price X btc, wait for auction to complete and for winner to pay bitcoins
2. process the database and calculate the USD value of each member's deposit (using the historical average BTCUSD price for the day of deposit)
3. distribute bitcoins received from an auction winner to withdrawal addresses of pyramid members with respect to USD value they deposited
4. decrease withdrawal threshold from 0.021 btc to 0.00021 btc to trigger payouts of unspent balances
5. pass the domain name, source code, database dump and bitcoin addresses to the auction winner

Do you think it is a good plan?

What are the good values for X and Y?

Should there be any additional conditions for the auction? (e. g. should the auction participants promise to keep the service alive, to preserve the userbase, to preserve the pyramid ads, etc?)