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Topic: Bitponzi.io - fair ponzi with automated hourly payments, 150% in 150 hours. - page 2. (Read 10194 times)

member
Activity: 60
Merit: 10
Investor
Auto withdrawal from "Bit Ponzi":
Withdrawals per day: 1
Status: 88 confirmations
Date: 13.07.14 22:48
Credit: 0.0101 BTC
Net amount: +0.0101 BTC
Transaction ID: 5bd3aa6339ec5f63bd31c6a15f908f605038ef15252a543d7384441498642dcd
newbie
Activity: 28
Merit: 0
The system got unstuck.

The blue print for new ponzi is ready, we'll post it here for discussion soon.
newbie
Activity: 28
Merit: 0
Yes, no problem, and no one seems to want it. So it will run. we will start a new program using this experience, tweaking some things.
Naturally another simple option would be to restart it after a certain time-out where it slows down indeed.
Let us know what you think, we sure can restart this. You are to choose.

I think you made it pretty clear that the scheme wouldn't shut down when it couldn't pay, but would wait for new deposits.

As a result, I don't think you can really shut it down any time soon without breaking your promises.

You have to give the bag-holders a chance to pass their bag on to new bag-holders. Smiley
legendary
Activity: 2940
Merit: 1333
Naturally another simple option would be to restart it after a certain time-out where it slows down indeed.
Let us know what you think, we sure can restart this. You are to choose.

I think you made it pretty clear that the scheme wouldn't shut down when it couldn't pay, but would wait for new deposits.

As a result, I don't think you can really shut it down any time soon without breaking your promises.

You have to give the bag-holders a chance to pass their bag on to new bag-holders. Smiley
hero member
Activity: 644
Merit: 523
Passionate about Crypto
Definitely after halt: 2014-07-12 07:38:20

At least you stay here much longer then our fucking "doubler" and not run away at the moment like "doubler" did.

I think that you need to wait coz people sending some BTC ( That's my vote.)

Also my suggestion is to lower maximum something like 0.1-0.5 BTC coz if someone send big amount it will stop again.

Regards.
newbie
Activity: 28
Merit: 0
Let's wait what the users think. If you sent your payment after the halt it will be refunded.
Yeah, I sent yesterday some BTC:
https://blockchain.info/tx/83abc94472d9bee194b650e134bc4f8fa62b537b4b2243056179583a249e1137
to supporting your experiment Smiley
(Actually it's not me but one of my friends. I told him wait a little but he don't Smiley. OK. I helped him a bit Sad........ ) because you said "It will continue indefinitely."
If you will restart you can make refund to his address:
https://blockchain.info/en/address/1LagaAxdCqWVMJi7quCL1Raf1VN2EWDnEY
Regards.
sr. member
Activity: 288
Merit: 250
you say your site is a gambling site, so do you have a licence to run you gambling site?
hero member
Activity: 644
Merit: 523
Passionate about Crypto
Yeah, I sent yesterday some BTC:
https://blockchain.info/tx/83abc94472d9bee194b650e134bc4f8fa62b537b4b2243056179583a249e1137
to supporting your experiment Smiley
(Actually it's not me but one of my friends. I told him wait a little but he don't Smiley. OK. I helped him a bit Sad........ ) because you said "It will continue indefinitely."
If you will restart you can make refund to his address:
https://blockchain.info/en/address/1LagaAxdCqWVMJi7quCL1Raf1VN2EWDnEY
Regards.
newbie
Activity: 28
Merit: 0
Naturally another simple option would be to restart it after a certain time-out where it slows down indeed.
Let us know what you think, we sure can restart this. You are to choose.
sr. member
Activity: 323
Merit: 254
It will continue indefinitely, we don't have rounds actually.
So the round I joined in yesterday is over? Haven't gotten a 1% payout in quite some time. If so I have the worst luck with these ponzi games haha.

It will continue indefinitely.  Yes this is true.  But practically, the ponzi could slow down so much and with so much time in between payments, that it could be considered effectively dead.  This will take some time tho.
newbie
Activity: 28
Merit: 0
It will continue indefinitely, we don't have rounds actually.
So the round I joined in yesterday is over? Haven't gotten a 1% payout in quite some time. If so I have the worst luck with these ponzi games haha.
legendary
Activity: 1890
Merit: 1058
Vave.com - Crypto Casino
So the round I joined in yesterday is over? Haven't gotten a 1% payout in quite some time. If so I have the worst luck with these ponzi games haha.
member
Activity: 87
Merit: 10
You need to market the shit as well. People need to sign up
sr. member
Activity: 323
Merit: 254
sure you are right no ponzi lasts forever
on the other hand some ponzis last very long Smiley
Instead of hourly payments i suggest daily. Lots of people will be happy with 1% return every day. But many people wont be happy to lock their coins in for 150 days. Its a tricky balance

But that will have the same issue towards the 2nd half of the payout period. No matter what the interval will be, the graph will follow the same falling curve.

The only way to make a ponzi last longer "fairly" is to manipulate these:

ROI % - Decrease ROI to lengthen time, Increase ROI to shorten time
Total time of Annuity - Lengthen/Shorten total time of payback of principal + ROI
Time in between payments - lengthen/shorten
Amount of each individual payment - increase/decrease

not sure if i'm missing anything else.
newbie
Activity: 28
Merit: 0
sure you are right no ponzi lasts forever
on the other hand some ponzis last very long Smiley
Instead of hourly payments i suggest daily. Lots of people will be happy with 1% return every day. But many people wont be happy to lock their coins in for 150 days. Its a tricky balance

But that will have the same issue towards the 2nd half of the payout period. No matter what the interval will be, the graph will follow the same falling curve.
newbie
Activity: 28
Merit: 0
Yes it's a tricky balance, probably if we could some absolutely secure escrow we could follow in the footsteps of the original ponzi which paid 150% in a month and a half. large payouts at the end of the term also break cashflows.
We have to ponder over all the possibilities a little.
Instead of hourly payments i suggest daily. Lots of people will be happy with 1% return every day. But many people wont be happy to lock their coins in for 150 days. Its a tricky balance. Maybe you should keep the funds for 14 days, and give 1% each day. on the 14th day pay out 114%?
hero member
Activity: 910
Merit: 1000
Instead of hourly payments i suggest daily. Lots of people will be happy with 1% return every day. But many people wont be happy to lock their coins in for 150 days. Its a tricky balance

But that will have the same issue towards the 2nd half of the payout period. No matter what the interval will be, the graph will follow the same falling curve.
member
Activity: 87
Merit: 10
Instead of hourly payments i suggest daily. Lots of people will be happy with 1% return every day. But many people wont be happy to lock their coins in for 150 days. Its a tricky balance. Maybe you should keep the funds for 14 days, and give 1% each day. on the 14th day pay out 114%?
newbie
Activity: 28
Merit: 0
This is rather unexpected I must say. There was an influx of funds several days ago but then it suddenly petered out. Unstable cashflows kill ponzies. We won't stop it, new funds will be used to pay old deposits, so the program goes on. Using this experience we'll tweak the payment scenario and launch a parallel program soon. The Ponzi experiments will continue.
legendary
Activity: 2940
Merit: 1333
Oh well I thought it was too good to be true :-/ I got propably 70% of my money out of it though.
Only 70% what happened to the rest ?

Lots of people made 50% profit. That profit came entirely from later investors.

If you get in early enough, you profit.
If you get in at the end, you lose.

Of course, the scheme could keep paying out for a while, in which case Eva could well end up making a profit after all (at the expense of the people who join even later).
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