When amount of 'invested' coins will reach 4000, balance of investing address will start decreasing. If all mined coins will be sent to paying address, it ballance will start drowning very fast and pyramid will fail in a few days.
Fair ponzi scheme is intersting thing itself, but, because dev saying ' guaranteed 10% return every day.' this is scam.
It wont fail, a queue will form and pay back investors. The scheme will not just "Fail", eventually people might end up having to wait to get paid. I don't know what will happen. We will see. This is the reason we only kept it at 10% and plan on bumping required confirmations to around a day. So people will have to wait a day to get returns. Fair ponzi scheme is intersting thing itself, but, because dev saying ' guaranteed 10% return every day.' this is scam.
I don't know how this will pan out, It will be interesting. But I will try to keep the system within its own limits so there is funds to pay back to all investors.
Ok, if you will increase number of confirmations to 1000 this will take much more time, and maybe never happens. But you still control investing address, have it private key, right?
Like I said earlier. For TODAY, EASTER, and the GRAND OPENING/Launch.
We will leave it at 10 confirmations. After today we will push that number up alot more. We have been estimating around 2500, that should be around 24h for investors to get a return.
When I get back (Tonight) I will probably bump the confirmations up so payouts wont be as fast.
So this is possible scam without big difference from other ponzi schemes
. What will prevent you from dump this coins and leave when this coin will get some value on exchanges?This isn't anything like other ponzis. For one, yes is very similiar to a ponzi. But a ponzi by definition uses new investor funds to pay out old investors. We have wealth creation built into this system, so its not using any investor funds to pay out the next person. So by definition this is NOT a ponzi.
But we can call it that for simplicity sake.
I have zero reasons to dump the premine and run away from this coin. Zero reasons. The premine hasn't moved, there is still 19k in the wallet. 2k of which needs to be paid out. 1k for OC miner supvnova adding us.
Another 1k for the next pools. We will use alot for promotional giveaways to get people interested etc. Shoot me your address Ill send you 10 coins so you can start getting more too.
It is zero loss on your part because you can keep sending in and getting more free coins without ever having to have paid a nickel for any of them.
Your right. There is a certain amount of trust involved which I understand.
I intend on building this trust with everyone once you see I am here to stay. (eTRUST)
But again, don't take my word for it stick around and just see.
Let's see where this ends up...