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Topic: Noticed a banner promising ridiculous payouts - bitcoinbricks? (Read 894 times)

full member
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Merit: 100
Shit, I used both search engines and couldn't find any mention of it. My bad. Please remove this thread.
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ActionCrypto.com ★ Bitcoin Binary Options
full member
Activity: 171
Merit: 100
And yet, over 20 bitcoins have been poured into this website. All you have to do is make a fancy website (or not even fancy at all), with promises of ridiculous payouts, purchase banner clicks on BTC faucets and RAKE in the dough? I mean this is just crazy. Even the way they explain the way that the website produces money, makes no logical sense.
legendary
Activity: 3066
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The revolution will be monetized!
They sure are generous! If they had kept this to themselves they could have turned a single bitcoin into 177,978,515,625 bitcoins in 6 months. Quite impressive since that is more bitcoins than will ever exist.  Roll Eyes
full member
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Note that I am not affiliated or advertising this website for personal gain. I did a search of bitcointalk and couldn't find any mention of it.

User's share from each invesment equals to user's assets divided to all other user's assets, 1 asset equals to 1 BTC. Thus when a user buys 1 asset for 1 BTC when all assets equals to 3 then all assets becomes 4. The invested bitcoin divides between all users according to their shares. After that the share of the user becomes 25%. That means that the user will get 25% of the further investment then shares of each user recalculates. Received funds could be reinvested or instantly withdrawn.

Wouldn't this just mean if you, at the time, invest one bitcoin and have a 25% share of the "assets", and then someone else invests 1 BTC, your percentage of the assets would go down to 20%, staying at one bitcoin. I don't understand where the profits come from.

http://bitcoinbricks.org/index.php?e=1

If you do an example calculation of expected profit, 1 bitcoin for 30 days promises 75 bitcoins. Lmao.
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