Topic: ChainProfit.com - 27+ BTC Paid | 140% Return | Running over four months now - page 25. (Read 28698 times)

I think any of the gambling site operators may cheat like this. In fact, it happened before in case of dice.ninja.

Ponzi = Scam
its impossible to create a fair game when it comes to ponzi, it will turn scam after it become popular

Here is a sordid tale.   https://bitcointalksearch.org/topic/scam-accusation-against-myself-and-my-partner-930008

It is the people that are a problem.   I don't think the game has anything to do with the problem, it is the people.

I am still developing the site and it will take a few more days. In the mean time I have taken a note of what people are suggesting to make it run as transaparently as possible. Of course, I dont have a way to negate the risk of running away with the fund and that trust can only be built over time. I am planning to launch the site first without accepting any deposit and run it with demo bitcoins for some day. That way people will get more opportunity to point out to the probable flaws I may have. After that, I'll start accepting deposits...

Well you can start by not scamming the user. But Ponzi aren't like dice sites.

Stop it, cloudbets.

That seems to be a pyramid scheme.  Shares common attributes with a Ponzi.   They always collapse at some point.   In a way this is worse because you don't know when it will collapse and that gives a false sense of security.    If you are against Ponzi schemes you should be equally against pyramid schemes.    

Why would you want to create a game, based on Ponzi schemes? Most people "hate" ponzi schemes and you would be better off, creating something with a better reputation.

You will in affect, decrease your chances to get NEW signups, just by mentioning that it's linked to Ponzi's.  

I think it already exist a kind of ponzi turned into a fair gambling, it is called www.bitnety.com

NO, it is not gamble or investment, you can't create. Ponzi's are not provably fair.

That is exactly why I don't see any difference between a "Ponzi" style game and a dice game.   Clearly many don't feel the same way.  

I've actually become a little fearful the more I've thought about provably fair.   At this point I think provably fair is a false security blanket.   Doesn't mean it shouldn't be attempted but it isn't enough.   The weakest link is always the humans involved with the gaming site.  

You are correct. This is the reason I do not like all other gambling games either, when the amounts are at serious levels. If played moderately there is fun, otherwise there is serious win or loss. Serious win will be at the expense of another and some people may be OK with that but I am not. Gambling is a big lure taking advantage of human weaknesses, bad traits and emotional gaps and such a player' free will is not quite there for me.

Anyway, I am not perfect of course but gambling is not a decent act anyway.

All gambling gains come at the expense of another.  Where do you think the gains come form?   They come for other's losses.   

good for not investing again in ponzis and yes its better to gamble the money somewhere else rather than investing it to ponzis.

Even if a new ponzi pops up with a name ScamPonzi with a motto "you have been warned" and a single rule such as "send coin, I will double it or steal it, you never know" there will be people sending coins.

That is why most of them are obvious scams, not even pretending to be honest, or giving a shit, after all what would they loose? Those are like people who feel OK to keep the dollar bill fallen from the back pocket of a person walking three steps in front and don't feel their conscience compromised a bit.

Lesson learned after I lost 0.142 btc on ponzi, site down 5 minutes after my btc is received there, for 2 days long, then site started to work again and a few hours later round stopped, while in 3rd day, including 2 days site down, on a round supposed to last 14 days, stopped by the owner on the grounds of no more activity...
Basicly he called me and others stupid and yes it was a stupidity, played for fun and not only there was no win but also no fun at all.

Ponzi games are pointless, even in the best case that you win, it will be at the expense of another. And most of the time you out yourself at the mercy of a pathetic ponzi owner.

Dice games may be better for fairness, but only for a few rolls and not fun at all, it feeds the greed more than the fun and we all know where greed leads.

I would rather bet on a sports game on a legit betting site than throw money in a ponzi even when it is set up by a friend of mine that I know I can trust. I made a mistake once but I realized I would rather not endorse stealing from Peter to pay Paul any more.

you might as well call it provably fair scam game. it just doesnt make any sense.

i dont think there is no way making a provably fair ponzi..

There have been valid reasons against Ponzi schemes presented here, yours isn't one of them.   You don't have to read the threads.   There are tons of threads most people don't read or care about.  That is a forum.   

If people want to have a separate category for Ponzi type games I don't see how that would be an issue.   However it doesn't solve the problems of making the games provably fair.   

if you can make sure that the operator doesnt run w. your bitcoins and some how use a legit third party to hold all the funds, then i guess.

I don't think you can.  Just like dice sites can't guarantee they wont steal investors money, e.g. Just-Dice, the same issue applies to ponzi's.

I'd normally say too bad, but I think many users are sick of all the ponzi threads.