Bitponzi.io - fair ponzi with automated hourly payments, 150% in 150 hours. - page 4.

sidhujag

legendary

Activity: 2044

Merit: 1005

Quote from: dooglus on July 09, 2014, 07:05:50 PM

Quote from: bitponzi.io on July 09, 2014, 03:33:30 PM

We thought about that, but it seems really cumbersome to take it from each deposit.
That probably would raise a lot of questions. But I get your point.

Let's make the following rule - we withdraw 1 BTC each time we get new 100 BTC in deposits.
That is as soon as we have 100 BTC in deposits we withdraw 1 BTC, as soon as we have 200 we withdraw another 1 BTC and so on. If we cannot withdraw it due to low balance we wait till we have sufficient balance. We're here for a long term program, we don't need to take 1btc out and damage the program.

OK, so you get lots of tiny deposits, and for some of them taking 1% would mean taking less than a transaction fee which is very wasteful.

So how about this:

Each time you make an hourly payout, you pay yourself however much you're owed, based on all the deposits you've received since the last time you paid yourself.

That will usually not add enough to the transaction size to require any extra fee, and makes it clearer to everyone how much is really in the fund. As it is I don't know if you own 0.01 or 0.99 BTC of the fund in unclaimed fees.

Is it not possible to add in the 1% into the ethereum contract? What about if you used open transactions since the idea was even grandma can make contracts but the gui never came to fruition.

Bitcoinbikers

full member

Activity: 177

Merit: 100

Now that's a can do attitude!

You've got a competitor now Grin

http://www.bitcointaboo.com/the-ponzi-game.php

Loophole

hero member

Activity: 619

Merit: 500

Quote from: bitponzi.io on July 08, 2014, 12:37:13 AM

Once again we'd like to ask user MEM to remove negative trust he gave us. He does not respond to any requests, but still.

mem hasn't come back to bitcointalk since Jul 2 (the day he left you negative trust) Grin

zwickl

member

Activity: 64

Merit: 10

Experience is simply the name we give our mistakes

Quote from: dooglus on July 09, 2014, 07:05:50 PM

Quote from: bitponzi.io on July 09, 2014, 03:33:30 PM

We thought about that, but it seems really cumbersome to take it from each deposit.
That probably would raise a lot of questions. But I get your point.

Let's make the following rule - we withdraw 1 BTC each time we get new 100 BTC in deposits.
That is as soon as we have 100 BTC in deposits we withdraw 1 BTC, as soon as we have 200 we withdraw another 1 BTC and so on. If we cannot withdraw it due to low balance we wait till we have sufficient balance. We're here for a long term program, we don't need to take 1btc out and damage the program.

OK, so you get lots of tiny deposits, and for some of them taking 1% would mean taking less than a transaction fee which is very wasteful.

So how about this:

Each time you make an hourly payout, you pay yourself however much you're owed, based on all the deposits you've received since the last time you paid yourself.

That will usually not add enough to the transaction size to require any extra fee, and makes it clearer to everyone how much is really in the fund. As it is I don't know if you own 0.01 or 0.99 BTC of the fund in unclaimed fees.

I really hope there's enough "investors" checking the address' balance before sending their own money. But having a big fish in there would certainly attrack more tadpoles

Bitcoinbikers

full member

Activity: 177

Merit: 100

Now that's a can do attitude!

Funds haven't moved since the 25th of June Roll Eyes

https://blockchain.info/address/1PoNzi7PGzRyvc9KWYBcaauS3oeJqa5vFg

Edit: I was looking at the last page, my bad!

blacksmithtm

member

Activity: 87

Merit: 10

Also if you have 25 BTC this is a good way to earn 12.5 btc... Pour 25 btc in. People will think there is plenty of money and pour in their own 1 btc amounts... But they are just paying you in reality. There is going to be enough suckers thinking there is plenty money in, you will have your 12.5 BTC before it collapses

Also how many payments can there be in a single transaction on the blockchain? I imagine the system might have trouble if it suddenly have to pay to 100 different adresses every hour?

blacksmithtm

member

Activity: 87

Merit: 10

What happens if you deposit less than the minimum amount?

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: bitponzi.io on July 09, 2014, 03:33:30 PM

We thought about that, but it seems really cumbersome to take it from each deposit.
That probably would raise a lot of questions. But I get your point.

Let's make the following rule - we withdraw 1 BTC each time we get new 100 BTC in deposits.
That is as soon as we have 100 BTC in deposits we withdraw 1 BTC, as soon as we have 200 we withdraw another 1 BTC and so on. If we cannot withdraw it due to low balance we wait till we have sufficient balance. We're here for a long term program, we don't need to take 1btc out and damage the program.

OK, so you get lots of tiny deposits, and for some of them taking 1% would mean taking less than a transaction fee which is very wasteful.

So how about this:

Each time you make an hourly payout, you pay yourself however much you're owed, based on all the deposits you've received since the last time you paid yourself.

That will usually not add enough to the transaction size to require any extra fee, and makes it clearer to everyone how much is really in the fund. As it is I don't know if you own 0.01 or 0.99 BTC of the fund in unclaimed fees.

bitponzi.io

newbie

Activity: 28

Merit: 0

No, it shouldn't. There's 150 payments for each deposit, don't forget. Deposits older than 150 hours don't contribute to the total payout.

bitponzi.io

newbie

Activity: 28

Merit: 0

Just click on the rating and see for yourself who gave it to us and so on. Actually we'll put it the signature now.

Quote from: ?? on ??

Your trust rating makes me not want to invest/gamble Cheesy

bitponzi.io

newbie

Activity: 28

Merit: 0

We thought about that, but it seems really cumbersome to take it from each deposit.
That probably would raise a lot of questions. But I get your point.

Let's make the following rule - we withdraw 1 BTC each time we get new 100 BTC in deposits.
That is as soon as we have 100 BTC in deposits we withdraw 1 BTC, as soon as we have 200 we withdraw another 1 BTC and so on. If we cannot withdraw it due to low balance we wait till we have sufficient balance. We're here for a long term program, we don't need to take 1btc out and damage the program.

Quote from: dooglus on July 09, 2014, 11:08:14 AM

Quote from: bitponzi.io on July 09, 2014, 07:39:56 AM

That could happen if we withdrew our profit which is 1% of the total deposits. But we haven't done it yet actually.

That isn't clear at all from the game's description.

It would be better if you took your 1% from each deposit as soon as it happens. Then people can see how much is really left in the game just by watching the blockchain.

People are assuming the game doesn't stop paying until the balance in the 1ponzi address is zero, but that's not the case. It will stop paying when payouts start cutting into your paid 1% fees.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: bitponzi.io on July 09, 2014, 07:39:56 AM

That could happen if we withdrew our profit which is 1% of the total deposits. But we haven't done it yet actually.

That isn't clear at all from the game's description.

It would be better if you took your 1% from each deposit as soon as it happens. Then people can see how much is really left in the game just by watching the blockchain.

People are assuming the game doesn't stop paying until the balance in the 1ponzi address is zero, but that's not the case. It will stop paying when payouts start cutting into your paid 1% fees.

bitponzi.io

newbie

Activity: 28

Merit: 0

That could happen if we withdrew our profit which is 1% of the total deposits. But we haven't done it yet actually.

Quote from: sherbyspark on July 09, 2014, 05:18:17 AM

Thats weird, I was sure I saw it at the end of the list of a payout. Cant seem to find it now. No explanation for it. Maybe I was hallucinating.
And I also remember seeing, -1.2 something.

sherbyspark

hero member

Activity: 910

Merit: 1000

Thats weird, I was sure I saw it at the end of the list of a payout. Cant seem to find it now. No explanation for it. Maybe I was hallucinating.
And I also remember seeing, -1.2 something.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: sherbyspark on July 09, 2014, 03:06:35 AM

Just curious. There was a 1btc send to bit chest in the last pay hour, which would be the case only if they had invested 100 btc.
Is there any reason for this payment?
I might have missed something so just clarifying.

I'm not seeing it in the list of transactions from 1PoNzi7PGzRyvc9KWYBcaauS3oeJqa5vFg.

sherbyspark

hero member

Activity: 910

Merit: 1000

Just curious. There was a 1btc send to bit chest in the last pay hour, which would be the case only if they had invested 100 btc.
Is there any reason for this payment?
I might have missed something so just clarifying.

EDIT: I was wrong. I guess I was hallucinating. There doesnt seem to be a payout of 1BTC.

bitponzi.io

newbie

Activity: 28

Merit: 0

Thank you for your feedback. We think that the key to success and stability here is transparency. We're working on the updated version of our website, with more statistics which will help users make deposit decisions more intelligently. It is here now: bitponzi.io/new. If you would like to see some more stats there please let us know

Kords21

newbie

Activity: 1

Merit: 0

As of this response, this program has been paying out pretty much every hour on the hour. I couldn't be any happier with it. I hope it continues and doesn't just disappear like some other programs tend to do. I plan to invest a bit more in the not too distant future.

sherbyspark

hero member

Activity: 910

Merit: 1000

This looks promising, would love to see what the end result is.

bitponzi.io

newbie

Activity: 28

Merit: 0

Thank you very much indeed, we really appreciate it, especially from you.

Quote from: dooglus on July 08, 2014, 03:12:02 AM

Quote from: bitponzi.io on July 08, 2014, 12:37:13 AM

Once again we'd like to ask user MEM to remove negative trust he gave us. He does not respond to any requests, but still. Also we'd like users who make money with us to give us positive trust. Forum trust affects the image of the program, and the image of the program affects the stability of your payouts, since we are a Ponzi after all.

I just left you positive feedback, for what it's worth.

I've not used your service, but it does appear that you're running it honestly.

Topic: Bitponzi.io - fair ponzi with automated hourly payments, 150% in 150 hours. - page 4. (Read 10167 times)