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Topic: BTC Ponzi (btc.fairponzi.com) - page 3. (Read 3381 times)

hero member
Activity: 756
Merit: 500
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March 27, 2014, 11:25:15 AM
#32
The tx fee on site is total transactions fee of all transactions the tx fee size is decided by the BTC client itself to ensure payouts will go smothly.

Yeah saw that later on when more transactions where paid.

I've lowered required confirmations to 2. This makes extra 10 minutes (this is the BTC block time). I will research more deeply into it and decide if lowering it to 1 confirmation would be wise decision. It's an safety metter.

From what I know from the bitcoin protocol if a transaction is confirmed one time it's confirmed forever.

I am considering unlocking wallet for instant payouts. Any more investors want instant payouts in exchange for lower security (I'm not saying wallet will be fully exposed but it will in fact be less secure)?
Your idea of replacing the 200% payouts seems interesting I will consider it and decide tomorow/after tomorow.

- If there is no deposit within 48 hours instead of paying 200% pay out the wallet balance to the last deposit.

I'm not sure the 48 hour rule is going to work.

Not if it's applied to the deposits. What if you apply the 48 rule to the payout time?
It would be easy to change but could You please explain me why should it be better? This would shorten the round few hours but nothing more.

The reason behind is this.

If someone sees that the 48 hours are almost up he can send a small deposit that is not high enough to trigger a payout.. Then the 48 hours starts again so this can go forever.

If on the other hand the 48 hours start to count from the last payout it does not matter how many small deposits come in that trigger no payout. When the last payout is 48 hours old then you start paying 200% from the last deposit made to the second to last etc until the wallet is empty.

By the way try to combine referrer payouts. A transaction fee of 0.0001 on a payout of 0.000055 is rather wasteful.



Which means players can abuse the counter. E.g send a few satoshi (w/e the min limit is) just to stop the counter - essentially grief playing.
sr. member
Activity: 411
Merit: 250
March 27, 2014, 11:19:34 AM
#31
The tx fee on site is total transactions fee of all transactions the tx fee size is decided by the BTC client itself to ensure payouts will go smothly.

Yeah saw that later on when more transactions where paid.

I've lowered required confirmations to 2. This makes extra 10 minutes (this is the BTC block time). I will research more deeply into it and decide if lowering it to 1 confirmation would be wise decision. It's an safety metter.

From what I know from the bitcoin protocol if a transaction is confirmed one time it's confirmed forever.

I am considering unlocking wallet for instant payouts. Any more investors want instant payouts in exchange for lower security (I'm not saying wallet will be fully exposed but it will in fact be less secure)?
Your idea of replacing the 200% payouts seems interesting I will consider it and decide tomorow/after tomorow.

- If there is no deposit within 48 hours instead of paying 200% pay out the wallet balance to the last deposit.

I'm not sure the 48 hour rule is going to work.

Not if it's applied to the deposits. What if you apply the 48 rule to the payout time?
It would be easy to change but could You please explain me why should it be better? This would shorten the round few hours but nothing more.

The reason behind is this.

If someone sees that the 48 hours are almost up he can send a small deposit that is not high enough to trigger a payout.. Then the 48 hours starts again so this can go forever.

If on the other hand the 48 hours start to count from the last payout it does not matter how many small deposits come in that trigger no payout. When the last payout is 48 hours old then you start paying 200% from the last deposit made to the second to last etc until the wallet is empty.

By the way try to combine referrer payouts. A transaction fee of 0.0001 on a payout of 0.000055 is rather wasteful.

bmL
member
Activity: 95
Merit: 10
March 27, 2014, 11:07:09 AM
#30
This looks very promising.

All elements are there.

- Total deposits
- Total Payouts
- Total fees
- Total wallet balance so users can check how much is missing for the next deposit.

A number of changes to consider.
- Lower the transaction fee to 0.0001 (blockchain records it as 0.0001 but site says 0.001)
- Lower the confirmations count to 1
- If there is no deposit within 48 hours instead of paying 200% pay out the wallet balance to the last deposit.
- Enable automatic payouts


The tx fee on site is total transactions fee of all transactions the tx fee size is decided by the BTC client itself to ensure payouts will go smothly.
I've lowered required confirmations to 2. This makes extra 10 minutes (this is the BTC block time). I will research more deeply into it and decide if lowering it to 1 confirmation would be wise decision. It's an safety metter.
I am considering unlocking wallet for instant payouts. Any more investors want instant payouts in exchange for lower security (I'm not saying wallet will be fully exposed but it will in fact be less secure)?
Your idea of replacing the 200% payouts seems interesting I will consider it and decide tomorow/after tomorow.

- If there is no deposit within 48 hours instead of paying 200% pay out the wallet balance to the last deposit.

I'm not sure the 48 hour rule is going to work.

Not if it's applied to the deposits. What if you apply the 48 rule to the payout time?
It would be easy to change but could You please explain me why should it be better? This would shorten the round few hours but nothing more.
sr. member
Activity: 411
Merit: 250
March 27, 2014, 10:50:24 AM
#29
yep working fine.

got paid for a deposits and one referrer.
newbie
Activity: 11
Merit: 0
March 27, 2014, 10:46:24 AM
#28
if that become openSource, there are a lot of contributors already!
Cheesy

it is working so far  Roll Eyes
sr. member
Activity: 411
Merit: 250
March 27, 2014, 08:32:49 AM
#27
- If there is no deposit within 48 hours instead of paying 200% pay out the wallet balance to the last deposit.

I'm not sure the 48 hour rule is going to work.

Not if it's applied to the deposits. What if you apply the 48 rule to the payout time?
sr. member
Activity: 411
Merit: 250
March 27, 2014, 08:24:05 AM
#26
This looks very promising.

All elements are there.

- Total deposits
- Total Payouts
- Total fees
- Total wallet balance so users can check how much is missing for the next deposit.

A number of changes to consider.
- Lower the transaction fee to 0.0001 (blockchain records it as 0.0001 but site says 0.001)
- Lower the confirmations count to 1
- If there is no deposit within 48 hours instead of paying 200% pay out the wallet balance to the last deposit.
- Enable automatic payouts

sr. member
Activity: 411
Merit: 250
March 27, 2014, 07:40:42 AM
#25
There is a problem with the site when using firefox.

I can't copy the deposit address.

If the input field is disabled then firefox can't access the data that is in that field.

This is firefox under linux.
newbie
Activity: 11
Merit: 0
March 27, 2014, 05:58:48 AM
#24
i guess that first round will never end.

damn! my boss will be paid too...  Angry
bmL
member
Activity: 95
Merit: 10
March 27, 2014, 03:18:58 AM
#23
be aware that ponzis are scams. they may payout once but remember 1 out of 10 people profit and most of the time the ponzi owner will take people funds and run. be careful guys and gamble in a casino
Gambling in casino's is a risk too..! I'll suggest to keep your btc in your wallet Tongue that is a kind of gamble too... 1btc=560$ today next month it may rise to 600-700$ or maybe 400-500$ :p but investing in ponzis is not recommended..! except if i come up with one :p
If You do so get ready for being called thieft few times a day Cheesy (Yet with time passing it gets more calm)
If my ponzi does not speed up then I will be closing it after second round and publishing code so You will be able to do the ponzi without much effort Smiley

Putting that aside I've added some more informations on the page. Feel free to tell me if You are missing something.
sr. member
Activity: 350
Merit: 252
REAL-EYES || REAL-IZE || REAL-LIES||
March 27, 2014, 01:28:10 AM
#22
be aware that ponzis are scams. they may payout once but remember 1 out of 10 people profit and most of the time the ponzi owner will take people funds and run. be careful guys and gamble in a casino
Gambling in casino's is a risk too..! I'll suggest to keep your btc in your wallet Tongue that is a kind of gamble too... 1btc=560$ today next month it may rise to 600-700$ or maybe 400-500$ :p but investing in ponzis is not recommended..! except if i come up with one :p
sr. member
Activity: 434
Merit: 251
March 26, 2014, 10:15:35 PM
#21
be aware that ponzis are scams. they may payout once but remember 1 out of 10 people profit and most of the time the ponzi owner will take people funds and run. be careful guys and gamble in a casino
newbie
Activity: 11
Merit: 0
March 26, 2014, 08:25:01 PM
#20
lol!

my boss paid me from his btc and now he doesnt have no one to pay him! haha!

I liked this game very much!
bmL
member
Activity: 95
Merit: 10
March 26, 2014, 04:13:30 PM
#19
Now FCKBanksCoins round started.

ps. sorry for post under post
bmL
member
Activity: 95
Merit: 10
March 26, 2014, 03:54:49 PM
#18
The FCKBanksCoins round finished and 200% payout has been sent.
http://explorer.fckbanks.org/tx/f8911752f3350a36a70e5c87385fc26532da27ad405b9703e61c4e33e5e4369b
The round was so popular that I've paid 2nd last deposit with 110% which i should not do. // yeah this is sarcasm but I paid anyway Smiley
http://explorer.fckbanks.org/tx/b1b7b9a786c594faa15649b573487e596f793d3e2469912cc88fb44c901c9777

Soon I will be launching new round of the FCK ponzi so stay tuned! Smiley

bmL
bmL
member
Activity: 95
Merit: 10
March 26, 2014, 01:56:50 PM
#17
I can be wrong but there is something strange there...
Shouldnt Id´s 6 and 7 already be paid?
 Huh
Nope. Current wallet balance is 0.002717 You can calculate total deposits - total payouts - fees - tx fees to see that everything is right.
Last payout was pretty high (compared to deposits after it) that's what makes it look unnatural. But everything seems OK.
Correct me if You see any misscalculation.

@rnmss I want to make it clear how it works. I don't intend to steal from people Smiley Well anyway if this does not speed up I'm not sure if I am gonna lunch event second round.


And what will happen when people will stop to deposit?
As stated on site:
Code:
If noone deposists BTC for more than 48 hours then the round will be finished. Please note that this is the "game" part because if You are at the dark end and You are not the last person to deposit You will not receive back Your investement. That said didn't You already make good profit when the round was still alive? :) 
If not then I'm sorry for You but this is game.
This is open ponzi scheme. You should know how it works and what You are risking.

ps. New payouts just went out Smiley
sr. member
Activity: 532
Merit: 250
March 26, 2014, 01:29:42 PM
#16
I can be wrong but there is something strange there...
Shouldnt Id´s 6 and 7 already be paid?
 Huh
Nope. Current wallet balance is 0.002717 You can calculate total deposits - total payouts - fees - tx fees to see that everything is right.
Last payout was pretty high (compared to deposits after it) that's what makes it look unnatural. But everything seems OK.
Correct me if You see any misscalculation.

@rnmss I want to make it clear how it works. I don't intend to steal from people Smiley Well anyway if this does not speed up I'm not sure if I am gonna lunch event second round.


And what will happen when people will stop to deposit?
bmL
member
Activity: 95
Merit: 10
March 26, 2014, 11:39:15 AM
#15
I can be wrong but there is something strange there...
Shouldnt Id´s 6 and 7 already be paid?
 Huh
Nope. Current wallet balance is 0.002717 You can calculate total deposits - total payouts - fees - tx fees to see that everything is right.
Last payout was pretty high (compared to deposits after it) that's what makes it look unnatural. But everything seems OK.
Correct me if You see any misscalculation.

@rnmss I want to make it clear how it works. I don't intend to steal from people Smiley Well anyway if this does not speed up I'm not sure if I am gonna lunch event second round.
newbie
Activity: 8
Merit: 0
March 26, 2014, 09:31:49 AM
#14
putting ponzi in a service name is a clever way to attract crazy people   Lips sealed Embarrassed Undecided Roll Eyes Cheesy
newbie
Activity: 11
Merit: 0
March 26, 2014, 08:58:38 AM
#13
I can be wrong but there is something strange there...
Shouldnt Id´s 6 and 7 already be paid?
 Huh
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