Morning guys, any I'm looking into any requested refunds and if there is a valid reason I will consider them as and when funds allow - dont forget I havent made anything from PonziCoin yet, everything is going into escrow!
I'm going to try a couple of things to get PonziCoin moving again, more details to follow...
I'm going to try a couple of things to get PonziCoin moving again, more details to follow...
Ok, so is it safe to say I'll get my refund in about 3 days time? I can understand being vague in the heat of the moment.... but come on... enough time has passed for some sort of clarity. "I will consider them when funds allow" is an indefinite blanket statement usually by people who have no intentions of addressing the issue.
If this is a scam, the people here need to know. If you are going to close any round at will and take all the money that was pouring in and getting confirmed.... but of course promising them refunds while opening another round and going "pump pump pump!" and then having it mysteriously "attacked"... you know sound a little off to me. I understand some people here with stockholm syndrome will disagree. But being "generous" and refunding some of the people while pocketing the rest hardly constitutes as honest... even more so if its a tactic to regain trust. The escrow service does nothing for the people you've stolen from right? Its just so that current players get a proportion of their money in case you get run over by a bus.
I'm sorry, but I'm not sure what I have done to suggest I have been dishonest. Not only could I have ran off with over 11BTC last week, I have since implemented an escrow service of which the operator is under strict instructions to refund any player who has lost out as a result of my actions (e.g. running away with the coins, not paying out etc).
As of the relaunch I have not taken a single satoshi out of PonziCoin, rather I have put my own funds in yesterday! All "fees" from recent rounds have been sent to the escrows wallet - 1FweHGdxQrFVXNss7163axzpUWwf2XSaUo
Once the escrow wallet reaches a suitable amount, the fees will then be redirected to my personal wallet, at which time I will be in a position to make any further refunds as I deem fit. (e.g. from old round #6 etc).
I'm not sure I can be any fairer? If you are in any doubt over my intentions I suggest you don’t play in any future rounds. I would have hoped by now I had done enough to prove I am not a fly-by-night operator.
You didn't mention the fact you close the round ONLY when the number of deposits reaches the amount including the interest.
Then the last depositer is not credited anything.
I've told you at least 10 times that this is not fucking legal in any Country in the world.
Rounds were closed automatically. I'll happily provide the code to any respected member of the forum to validate this. I have since stopped the automatic restarts due to bugs in the code, however no manual restarts have taken place yet.
The last depositor is always paid out.
How?
Where do the Bitcoins come for the interest?
http://ponzicoin.co/
Quote
PonziCoin charges a 5% fee. This helps cover the running costs of the site and provides the additional coins needed to repay the last deposit in every round. Due to this, the on-site balance will be slightly less than that shown on sites such as BlockChain.info.
Quote
Re: PonziCoin.co | 120% Hybrid Ponzi-Style Game | Automated | Escrow Protected
Do you think I'm bad at math?
Really?
120% is the return. 5% is the fee I charge. I'm not sure which part is so difficult?
%120 - %5 = %115
Deposits = %100
Fee = %5
= %15 
