Topic: New Website - Looking for beta testers - page 2. (Read 3172 times)

First off it's not a ponzi. Second, I am not stealing anything and cannot steal anything. The bitcoin goes directly user to user. There are no deposits paying off old deposits because you're paying other users, and not "paying off" anything. Thank you for the negative trust, I really appreciate it.


Cloudflare is currently under maintenance, so in the meantime you'll have to use the alternative domain

http://bitcoinmatrix.x10host.com

*COUGH* Excuse me?

You are running a unsustainable site (ponzi).  You will have to steal from new deposits to pay off old deposits.

I would like to beta test it for you once it is up and running or before hand. but it does sound like a pyramid type program.

I am not trying to steal or scam any of you. The reason I said I'm looking for testers is because I am trying to make a working website. If you want I will lower the bracket price to 0.001 and give you that bitcoin to test out the system. I'll even make so you don't have to sign up under a referrer. And even better I'll give you the entire source code for the website if you want it!

And let me state one more time. Using the block chain api, it is literally impossible for me to steal your bitcoins.

You are not "investing" your bitcoin. You are sending it directly to other users. Everyone in this thread just looks at it and says it looks kinda like a ponzi so I guess it is. But nobody is listening to how my system works. I spent 3 weeks making this website. Why would I be asking for testers if I was just trying to scam you guys?


And so your saying that if you bought some stickers for .05 btc, then I gave you 4 brackets for purchasing some stickers, then you would try it? Because if you want I can send you some stickers or something.


Only one person has signed up. Most of you haven't even looked at my system if you haven't signed up. So how can you keep accusing me without looking at it! Sign up doesn't cost anything.

If it were products, we would still understand. But you buy fu*king BRACKETS that are worth ABSOLUTELY NOTHING.

This seems to simply be a pyramid system like vemma, just instead products you only buy brackets.

Yeah. He make use of this excuss to post in the Project Development section.

He actually claimed he was not looking for investors or users, but more of some beta testers for his upcoming website.

...which is a very ridiculous way of advertising his ponzi scheme in disguise.

Which also means that OP posted in the wrong section of the forum... I don't think that Project Development is the right place to advertise an "investment opportunity". Or whatever this is...

Exactly what it is.  I've left microzee negative trust for intentionally trying to steal from community members - unfortunately you can't see trust in this part of the forum. 

So this is a site that takes your Bitcoin offering you no real product or service, just a hope that some more people will join under you so that you earn more Bitcoins.

Hmmmm...    sounds like a familiar structure. Oh, now I remember! IT IS CALLED A PONZI !!

1) owner sets up a website advertising 300% or more/less ROI to users who invest in their “plans”.
2) Unfortunate victims deposit in the hope of receiving good returns.
3) Users get paid with the deposits of others allowing some to say the investments are working
4) The extra publicity and praise helps rake in more and more Bitcoins
5) When payouts become unsustainable, owner folds and runs with remaining money
6) Rinse and repeat at will.

True, but have you looked at the api?

This is the whole api call:


and the link to the api:
https://blockchain.info/api/api_receive

For the receiving_address we put the user's address that is 2 levels above the user purchasing the bracket.

Then we display the "input_address" for the user buying the brackets to send the coins to.

The only reason we have this intermediate step is so we can check to make sure user1 actually paid user2. The coins are still going directly user to user. We have no access to the wallet associated with the address created by the api. You can have a look at the api, and see that the address in the middle is created by the api and we have zero control over it.

Does that help explain things?

Excellent point, I can make a website in 10 min that shows an address, and appears to work just like the blockchain API, but is actually my own.

The FAQ says, "Using the blockchain payments api, a new address is created which forwards any bitcoin sent to it, to the user two levels above you. Our system checks the address that was generated for any transactions, and then retires the address when a transaction comes through, generating a new one for the next transaction. We have no access to the wallet associated with the generated address so their is no way for our users bitcoins to be compromised. If you are waiting on a payment, it may take up to a day which is a flaw in the api."

This makes it seem like the user is not directly sending btc to the user two levels above them, but to the address generated by blockchain.info's API, which then forwards the btc to the user two levels above them. Also, how can we trust that you don't have access to the generated addresses? It seems like you generate them using blockchain.info's API.

No, if you read the faq, the bitcoin goes directly to the user without going through my website. The bitcoin spent on the bracket you are sending to the user 2 levels above you. When you purchase your first bracket, it tells you to send the money to an address, and that address is the address of the user 2 levels above you.

Since this isn't clear, where should I put this to make it very clear? I'm pretty sure I state this in the faq and in the payments section.

Sorry, am I missing something here? People clearly need to send money to the website in order to buy a bracket.

Why do you find this foolish? Please explain to me your reasoning. This is a legit website that I have put a ton of my time in. I don't like people calling something I put hours of hard work into "foolish."

I don't believe you understand how my system works. I can assure you there is nothing foolish about it.

You can't make remarks about something you haven't even tried. Have you even signed up? Sign up is free. Sign up then tell me what you think of it.

Let me state this again. It is impossible for me to take your bitcoins. I can show you the full source code to prove it.

If anyone is foolish enough to sigh up and pay good bit-coin, I have no sympathy for them lol Just like those who thought Cryptodouble was a good thing. Common, anyone should have seen that coming miles away....

It is not a Ponzi Scheme. A Ponzi Scheme involves someone at the very top of a pyramid, and money from anyone below that person goes up to the person at the top. The reason this website is not a Ponzi Scheme is because the maximum number of levels the money can go up is two levels. So lets say I'm at the top. Any bitcoin past two levels below me will never reach me. Also this website charges no fees, and the bitcoin payments are made directly from user to user making it impossible for them to be stolen.



Thank you for your comments on the design. What do you think should be changed in the design? I am using a free TLD because I like dot tk TLD's. It is short and simple and allows me to use bitcoinmatrix. I am a college student with no money so I can't purchase a domain (: Also, bitcoinmatrix.com can't be purchased.



I have updated the faq. Please have a look at the new faq. You are not buying a membership, but brackets. To sign up is free. You purchase the brackets so users can sign up under your username.

This is a site where you can make money simply by referring users. It only requires that you purchase brackets. Your first brackets, only 0.05 btc, gives you 4 spots to sign people up under you. Once these spots are filled, this gives the potential to earn up to 0.8 btc. This is more than enough to pay for the next 2 brackets, which are only 0.01 btc.

From the site's FAQ:

Q: What am I buying?
A: You are buying a membership.

BUT WHAT KIND OF MEMBERSHIP?