Topic: Multi signature escrow for all deposits! NEW IDEA. (Read 1099 times)

Someone make a transparent on-the-blockchain ponzi. You won't really need escrow for that, and unless it's fully automated, will be a lot of work.

I wasn't attacking. Just questioning.

There are ideas and there are ideas that are made real. they've been made real by looking and exploring the possibilities critically.

To get back on the idea. As you first mentioned the similarity with the darknet well the theory is that escrow is released as the "payed for stuff" is delivered. Most of the times it works like that but it's not 100% proof.

Now that you clarify that it is about escrow only releasing the cut the admin takes to admin and keep the other coins in the system it's a different idea. I won't ask any questions about it    so I will just say my thoughts. You would need a fair admin to build such an idea. If he is fair he wouldn't need escrow anyway. As example like iz-nop from Yofun. It was a clear fair Ponzi that never had many coins in the HW because as soon as someone could be payed they get payed. Clear, fair and simple and no need for escrow but saturated nonetheless.

But I'm sorry for asking on the how or what I was under the impression you actually wanted to bring an idea to fruitation.

Found some old ponzi scripts and experimenting with them at the moment.
Playing with the idea to start a own Project.

but yes, the problem with trust still exists.

Thought of a kind backup Pot. So  5% fees go to the admin and 5% to another wallet.
Is the end of the term is not enough money available to pay off the last member, the Coins from the backup used.

But I am not a programmer, and started to inform me.
I'm sure somehow it is possible.

Well, sorry to break it to you bud, but no "legit" escrow will ever touch any ponzi or doubler or pyramid scheme. That may not be a fact, but I'm pretty sure it's 99% true. That leaves a 1% chance that eventually some escrow or someone willing to participate in this multi-signature proposal of yours will actually participate.

Good luck!

When a system is broken, no amount of upgrade will fix it. If you can describe to us a system or scheme that is substantially different from a ponzi or pyramid, I'm all ears.

At least with the usual dice gambling sites, the results and winners are using a "provably fair" system.

You better know im smoking some strong weeds. 

Yaya who cares, and u made this topic crying for a way out?
Hoping to find fresh air in a dirty sewage? Seriously? I think you are smoking some strong weeds.
Anyway, hope u make more $ in all this ponzi/pyramid.
End of day, your life and your choice.

WHO CARES

Its no secret. I don't give a shit as long as the ponzi files for bankruptcy and not embezzlement.

I can spend all night explaining this and you won't get it because you don't invest in pyramid schemes. I do, I make money. You are outside looking in so please just stop.

Ponzi itself = scam and will fail eventually, this itself is broken and will collapse.
Who is refusing to accept the hard reality truth now?
 

You refuse to accept an upgrade for a broken system. That is all.

If a script such as this was created nobody but scammers would be using the old doubler script. Much more amazing technological advancements have been achieved by mankind. I don't think this would be as impossible as you non investors make it seem.

They are not attacking you.
Just telling you the truth.
It's more like you are trying to find fresh air in a dirty sewage.

Thats why I'm saying the operator has his own 'bitcoin wallet' shared or run by some kind of escrow and he is limited on what he can withdraw, the money is in the pyramid's 'treasury' and it is under some kind of multi signature system. Escrow could even be automated like the ponzi is automated... and escrow bots are the ones verifying that the payments are correct as they go out.

Obviously this is an idea, i don't know how to code doubler scripts.

Am I supposed to have the solutions for everyone? Stop asking me questions about everything. I am just trying to provide an idea to improve the system.

Do big corporations give the only key to the treasury to the president of the company?

Now stop attacking me and let's try to have a normal discussion.

You know how a Ponzi works.
And I assume with escrow you mean you would only release 1BTC as soon as the 2BTC has reached your wallet. 

How can player 1 be payed from the dough of player 2 if escrow isn't released? Player 2 will only release when he received funds from player 3 and 4, but they won't release until... well you know. As the last one will never release it will have a backlash all the way to nr 1 unless some fool releases it before he gets payed.

You want the Ponzi admin pay up front? Or magically create coin?

"They should pay out the investors until the last cent is gone

That would be a problem when the first one isn't released right?

Ok so maybe the admin can't run, but it would be saturated real fast none the less and as always people will lose their coin or no one will make profit it is inherent to a Ponzi.


But it's your idea, I would happily be proven wrong

I am an investor and I am OK with this. Are we in nazi Germany? This is an investment I want to be a part of and I know I could jump in too late and lose my money. The reason why the 'ponzi' scheme has a bad name is because that guy who is famous for running that scheme was not honest about it being a ponzi. If all the players are aware and admin can't run with 100 bitcoins then what is the issue? Nobody is forcing anybody to invest.

And as far as releasing the escrow when it's making a loss? What are you talking about? Why the fuck should escrow holders give a shit? They should pay out to the investors until the last cent is gone. The ponzi admin is the guy running and all he gets from the escrow is his commission.

So, where do we can find something "legit" investment plan?

There is no "legit" version of a true ponzi or pyramid scheme. They are all scams. Right from the start.

Using other people's money to pay the initial investors is not a real investment.

If i knew how to set it up, i have done that already...

Would you release the escrow if the project is making a loss?

Your answer is probably no.

so then escrow is nothing else then just getting free money from them.

If someone honestly believes the project can make profits if you invest in them they obviously need the investment funds to make said profit.

If they don't need to attract funds to make profit they might skip the whole escrow part and just hand out free coins.


btw escrow isn't safe as the dnm's have proven.



but to close up. there is only one way to find out if it works or not... don't tell others how to run their projects, just set it up yourself and prove it.

I agree...

I have been in the ponzi game for a long time, since bitcoin was worth a dollar. .. That Is not how its supposed to work. That's how the scam version of it works.

Its supposed to work by the admin taking a small percentage of all deposits  or he can invest btc out of his own pocket to double his own money. The longer the pyramid works the more every smart investor understands it's days are numbered. If the admin runs it properly he can make a lot of money from commission just like the admins at the darkmarkets do, why would they risk going to jail for 10-15 years for nothing? Its because it's lucrative to keep that commission BTC going. Any legitimate business that works on commission works this way.

I know the risk of losing my money, I want to take that risk. But I want to do it on a safe platform that can actually give me a decent chance. Where I can look at the ledger and decide for myself if it's worth it. If admin polices himself and secretly wants to scam while putting on a fake polite front. The chance of me getting my money dropped from 40% or whatever down to 0%

Its like a darknet market without multi signature and all the trust is put into one shady looking admin.... who would want to buy from there...

You guy's prejudice is keeping you from upgrading the system when it is badly needed. If we don't upgrade the system people will keep getting scammed like this until the end of time just like it always has been.

The police force isn't run by one man.

If you want to double your coins, then buy in early.

You know the admin will eventually bust, when the pyramid starts to collapse. They have to "run away". If you try to "stop them" from running away, they won't even start the scheme.

No smart contract will do it, otherwise people will know exactly when it will stop, the game is over, so they simply do not buy in anymore.

The whole point of the ponzi is to get as many people suckered in at its peak, and to cash out at that peak, right before it collapses.