[ETH] THΞ GREEÐ PIT - A pyramid with random and strategic elements - JOIN US!

Roquene

sr. member

Activity: 420

Merit: 500

Quote from: blockcha1n on February 24, 2017, 09:07:18 PM

Haha!

I was looking for a hook to get me into ethereum but this was so old and the guy who started it probably ran off with the rescue eth. So the ransom was not paid.
Such a 'pit'y. It did look fun while it was happening but eventually these always end in the investor's losing their money/eth and the creator(s) running off with the loot.

The creator can not run away. The contract does not allow it.
The Eth are still exactly where they were. 22.856080701 Ether ($435.18) @ 0x446D1696a5527018453cdA3d67aa4C2cd189b9f6 .

But they are locked there forever as long as nobody continues to play this game.

blockcha1n

full member

Activity: 185

Merit: 100

Haha!

I was looking for a hook to get me into ethereum but this was so old and the guy who started it probably ran off with the rescue eth. So the ransom was not paid.
Such a 'pit'y. It did look fun while it was happening but eventually these always end in the investor's losing their money/eth and the creator(s) running off with the loot.

JasonXG

hero member

Activity: 770

Merit: 500

Quote from: adolf512 on January 27, 2017, 01:19:29 PM

Quote from: robelneo on January 27, 2017, 07:27:01 AM

It's a ponzi scheme,the early bird is the one that makes maoney from a ponzi scheme sites or programs,this is the real meaning of ponzi scheme,the program pays when money is still keeps coming but when it stops payment stops as well..

I guess riding pumps is a better strategy than this shit. The advantage of buying shitcoins to sell high is that people do not realize that they bought into a ponzi scheme. Honest Ponzis like this one should not work that great.

What happened to the coins that remained trapped in the pit?

Yea I'm not so sure about this. I think I would rather stick to altcoin exchange.
I would like to see it just to see what it is like but the site is down.
Why does this guy launch something when he has not enough money to properly fund it. It makes me wonder about what other decisions he makes.

adolf512

full member

Activity: 532

Merit: 101

Quote from: robelneo on January 27, 2017, 07:27:01 AM

It's a ponzi scheme,the early bird is the one that makes maoney from a ponzi scheme sites or programs,this is the real meaning of ponzi scheme,the program pays when money is still keeps coming but when it stops payment stops as well..

I guess riding pumps is a better strategy than this shit. The advantage of buying shitcoins to sell high is that people do not realize that they bought into a ponzi scheme. Honest Ponzis like this one should not work that great.

What happened to the coins that remained trapped in the pit?

robelneo

legendary

Activity: 3416

Merit: 1225

Quote from: adolf512 on January 20, 2017, 08:19:03 AM

so how did this end, how many people made money out of this shit?

It's a ponzi scheme,the early bird is the one that makes maoney from a ponzi scheme sites or programs,this is the real meaning of ponzi scheme,the program pays when money is still keeps coming but when it stops payment stops as well..

adrimaug

member

Activity: 89

Merit: 10

Is it like Russian roulette?

adolf512

full member

Activity: 532

Merit: 101

so how did this end, how many people made money out of this shit?

adiosrubixi

newbie

Activity: 15

Merit: 0

Can we send ETC (Ethereum classic) into the contract and get paid in ETH?

askolein

member

Activity: 70

Merit: 10

Coming back to buisness guys !

sydhelly

member

Activity: 84

Merit: 10

A Ponzi scheme (also a Ponzi game or a Ponzi)[1] is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.

https://en.wikipedia.org/wiki/Ponzi_scheme

askolein

member

Activity: 70

Merit: 10

Quote from: Herbet Fry on May 25, 2016, 07:06:45 PM

Is this like an investment ?

Yes you could say so, a ponzi scheme is a risky investment.

Personnaly i invested in it, i hope it will continue as it is one or the best ponzi out there, i think. With ETH violently gaining back popularity, i'm not too much worried. Cheesy

Herbet Fry

sr. member

Activity: 812

Merit: 253

●Social Crypto Trading●

Is this like an investment ?

Katatsuki

full member

Activity: 154

Merit: 100

There was a 5ETH deposit recently, which means that the contract will be around for a minimum of 69 more days (in reality I don't have plans to end the contract anytime soon, anyway). If you were paranoid about the recycle function, now's as safe as it gets.

I want to remind everyone that joining now can award you up to 3x rescue tokens if your deposit saves someone (check the code for requirements), that means that your multiplier would increase substantially on your next jump.

Anyway, for some reason my latest app went unnoticed by most people, I'd really appreciate it if you guys gave it a try or at least left some comment on the thread, as I believe it's quite interesting and unique, and it arguably has more potential than my other apps: https://bitcointalksearch.org/topic/eth-luckydoubler-ponzi-meets-gambling-1467743

askolein

member

Activity: 70

Merit: 10

Invest in the Greed pit ! Wink

Katatsuki

full member

Activity: 154

Merit: 100

If you don't like pay walls check out my new app LuckyDoubler: https://bitcointalksearch.org/topic/delete-1447675

It's like a pyramid but without a queue; the payout is picked at random from existing unpaid entries. That means that you can get your profit right away if you get lucky. Everyone has the same chances to win.

askolein

member

Activity: 70

Merit: 10

Sorry but the greed pit stays in my heart Grin

Hope some investors will find interest here.

Katatsuki

full member

Activity: 154

Merit: 100

Quote from: askolein on April 21, 2016, 06:03:59 AM

The greed pit is the only good pyramid here.
Don't be fooled with all the shit going out, a lot were scams.

Don't forget about http://ethstick.com Wink

askolein

member

Activity: 70

Merit: 10

The greed pit is the only good pyramid here.
Don't be fooled with all the shit going out, a lot were scams.

Katatsuki

full member

Activity: 154

Merit: 100

It seems the website went offline because meteor is a piece of crap that requires 10 times the memory it should. I'm moving the website the another server with more memory, hopefully that'll put an end to unexpected downtimes.

Edit: Live again. This will also result in the website loading 1-3 seconds faster

huntingisland

newbie

Activity: 14

Merit: 0

if there's a pyramid someone could invest in, i honestly think it would be this one... Roll Eyes

Topic: [ETH] THΞ GREEÐ PIT - A pyramid with random and strategic elements - JOIN US! (Read 8091 times)