Hi everyone, I've been following this since the beginning and just thought I'd make an account to give my 2 cents.
Now to start with, this looks extremely appealing. Invest just 1BTC and you get 3.5BTC in 16 days. Free money right?
Even better this guy is actually paying out and has been for the last 2 weeks. There has been a lot of down time, but people are still being payed out so this must be legit, right?
Well sadly all the downtime is ofcourse planned to stop you from reaching your maximum earnings(duh). Now don't get me wrong, the owner is still paying out more than he is receiving, and quite a few people here have invested and recouped already, but he is without a doubt trying to slow down the faucet. After all if he didn't he would be paying out too much too quickly and this ponzi wouldn't work, especially considering all the free accounts.
As with all ponzis, they require constant reinvestment or they go bust. Ofcourse the business plan here is a nice juicy 35% referal bonus, get you to refer and referee sees the amazing profits to be had and invests themselves and so on so forth to keep a constant flow of BTC towards the owners. Nice idea.
But ofcourse the owner has thought about this far more than you or I, and he knows that all it takes is a few days of little to no investment for him to go bust(no investments =/= no BTC to pay withdrawals), a risk I don't think anyone is willing to take.
Which means his only option for making some money of this little project is to run with the BTC as it obviously is not sustainable.
I give this ponzi 5-10 days before he closes up shop and runs. He's waiting for everyones L2/3/4 lifetime to expire and reinvest. And at this point people would of received 3-4x their investment and be more than willing to upgrade to L5/6+ at which point he would of made a killing and do a runner.
My advice to everyone is from this point onward, DO NOT RE-INVEST. If you've invested and have recouped with profits well done, you've played the game and won, take those nice satoshi and count yourself as a winner. If you want to reinvest your profits only then I guess that's fine aswell, but I beg please do not dip into your own pocket for a re-investment. That's how you lose, and believe me there will be losers from btw-flow.
Well said, my friend.
But the words I put in bold is absolutely wrong.
The owner will keep running it ONLY as long as inflow>outflow.
The second it does not satisfy the equation, the site goes down.