Topic: ChainProfit.com - 27+ BTC Paid | 140% Return | Running over four months now - page 27. (Read 28740 times)

I agree!

That's why PonziWOW clearly refers to everything as a "game" with players, and how it works. It also reminds people the last investors before the round ends have the highest chance of not being paid. In our case, though, we also have an alternating lottery system allowing random players to be paid as well.

I think this topic is fascinating.  Ponzi schemes are, as previously discussed on this thread, fraudulent investment schemes, where new investors bring in the capital that is used to pay earlier investors.  That continues only until new investors become scarce.  Bernie Madoff may have set records in this area.

Ponzi games, the subject header says, and the posts in this thread seem to suggest, are different, in that the intention of the activity is not to pretend that you are investing, but to indicate that you are playing a game.  So, then, what is the game?

For a game to be "provably fair" people would have to know the rules of the game.  For example, there is the game "21" or "blackjack" which is a card game played at casinos, online, and in private settings.  The rules are detailed, and whether the dealer has to "hit" on sixteen or seventeen makes a difference.  Whether there are 52 cards in the show, or six times as many, makes a difference.  Whether card counting is permitted (in a meat-space casino, typically not) makes a difference.

I've seen high yield income programmes (HYIPs) come and go.  Mostly, they go before the latest players get much fun out of them.  So, if one is to evaluate a game and try to say whether it is fair, someone needs to go over the rules.

Ponzi's have a "house edge" too. It's the % operator fee they take. It's completely possible to run profitable honest Ponzi games without stealing anything, just being upfront with everyone about how the game works, just like Dice sites!

Well dice games have been ending with "hackers" stealing the coins.   But it is an undefined ending.   

However, right now I'm not very supportive of the current Ponzi games.

Well, but there is huge difference in the way a dice site and a ponzi scheme works.
In Ponzi, by definition the game must end at some point, with the last people coming to the party eating all the loss. This is how a Ponzi scheme works.
Now, dice sites, in theory at least, have the guarantee of winning  in the long term by having the house edge. That is what makes them work. And yes, there some
scamers as well who run out with people's money, but at least in theory, dice site can be profitable without that. Ponzi can't.

Nonsense.

Yes, many businesses can use methods that make them look busier, without actually defrauding their customers.
BUT
The ponzi owner also can make sure he is at the front of his own queue. He takes the majority of the failed late bet money for himself.
Of course it's a scam!!
You are trying to convince yourself (and us) that it will be possible to trust a ponzi based game to be fair.
The answer is NO.

I 100% agree with you. An owner can put money in his own ponzi game to attract investment. But, a dice site owner can also play in his own game to attract players. None of this are scam, because none of this are disturbing the probaility of win of any individual. There should be another investor in a ponzi game after one's investment. If the last investor is owner, he will lose, if the last investor is anyone else, he'll lose. Which part is scam here ? This is simple probability !!!

1. Even if I assume that operators are playing, what is wrong with that ? The point is to cover the investment of the last investor and awaiting to be covered by another investor. I am not sure which ponzi game rule you are talking about. But, in my game, even operators have to wait for the next investor to be paid or they'll lose their investment. Unlike dice sites, there is no seed here that operators know. The only way a ponzi game operator can scam, that I can imagine, is running away with all the deposits, but same is true for dice site owners as well, especially those are accepting investments.

2. It is becoming part of the discussion, because no dice site owner is getting lebelled as scammer, but this is happening for ponzi game owners for being in the same business of gambling.

3. As u have said, this risk is part of all the dice sites as well...

how old are u ? do u know what a ponzi is or you're another fake account of op ?

I dont think any ponzi is any good at all. Regardless of the rules and everything you just said.

Operator leaves end of story.

Ok, operator creates 5 alts. How do you stop this?

regardless of escrow you need to look up the definition of what a ponzi means lol.

Ponzi Games ? ... your IQ must be well below zero ...

Every user should sign his own wallet to prove that its his.

How does that work?

You have a 150% ponzi game payout with 5% fees. To pay out the first 100BTC of bets means that the last 55BTC in bets is lost.

That's definitely guaranteed.

Ponzi can be good with some strict rules and guarantees for last investors.

How does that prove that the operator is not playing?

you can have a legit escrow person to hold the funds, so the operator doesnt get to touch the final balance.

Instead of making a big "fake" deposit in the beginning, the operator can make many small and a few big "fake" deposits. The outsiders will have an impression that the ponzi is popular and lots of people are willing to put their money in it (when it is not).

I don't see how does the operator can take the big advantages of a ponzi scheme, if it isn't a big deposit ponzi. For amounts upto 1-2 BTC they could hardly get anything by depositing. And if they deposit something big at the first deposit, then people tend to stay away and not deposit.