Topic: THE Bitcoinduit games thread - page 7. (Read 6474 times)

Not TOO much off topic:  In my head, I keep hearing Arnold Schwarzenegger in Predator yelling "GET TO THE CHOPPA!"

thanks for that.   

I am also now in http://bitcoinduit.com/FAST_ASS_JACKPOT

Get in fast, 2 hour expire!

ROI: 30%
Jackpot: 30%
Fees: 1.0%
Minimum Deposit: 1.0000 BTC
Maximum Deposit: 5.0000 BTC
Confirmations Required: 0
Expiration: 2 hours of inactivity

Hi, I have an idea.  Everyone knows the success of the bernie_maddoff [sic] ponzi, which was successful because it had a high jackpot.  I was wondering if we could all pool our money together, create a high jackpot/high return ponzi and share the rewards or losses... such a ponzi would last a long time.

Hehe yes a friend of mine started the round...he's new to Bitcoins, I send him the initial 0,2 BTC and he tried the site

I didn't start it, but I am playing in http://bitcoinduit.com/GET_TO_THE_CHOPPA

ROI: 25%
Jackpot: 10%
Fees: 1.0%
Minimum Deposit: 0.1000 BTC
Maximum Deposit: 0.5000 BTC

Also, http://bitcoinduit.com/The_Forever_Game is still going strong, with the highest jackpot and highest payout total.  It WILL run forever.

I was stupid and posted this in a new thread... anyways this offer is still open.
The first 1.5BTC address will get 0.25BTC sent promptly.

The first person to invest 1.5BTC or more from the same address on my game (http://bitcoinduit.com/2nd_gets_half_profit) will receive 0.25BTC for their investment.  Of course, this does not recoup your costs but 1.5 should add 0.225BTC to the jackpot, which I think is enough to get this game going.

EDIT! You can now choose instead to invest 1BTC and get 0.15BTC back.

Hi Ponzi Fans,

Bitcoinduit is BACK!

New rounds are already up.

Create new rounds is also back up.

New forum started:
http://66.84.15.249/forum/index.php?board=2.0


Have fun.

n.olmos

I think you're right, it was pretty much game over saturation that killed it.  Perhaps I'll start another one up in the future, spreadsheet method and all.  The first one I did went for a long time and had 147.2 BTC played in it.

Well, I agree that is *seems* like the new rules killed ponzi.  However, Bitcoinduit already had a double bad day that day before, so I think the rule change was just the very last straw.

Also, just before the change, there was the post about how bitcat.ch was "a fucking scam" https://bitcointalksearch.org/topic/m.483028  so I think enthusiasm for that site was already on the down swing.

What good can come of this?

As a result of easy game creation, ponzi was over saturated.  Remember when we would all wait for bitcat.ch to start a round every friday? Or the few weeks King Of The Mountain rules Saturdays?  (until myBitcoin folded)

I hope regular, trusted rounds can make a comeback.  I'd be happy to play 1 or 2 *good* games a week instead of 8 or 10 marginal games a week.

That said, The Forever Game is still going strong see my sig.

I'm really wishing that someone would have been able to take over bitcoinduit.  I would do so myself, but I'm not certain how well I could maintain it alone.  Perhaps a group of people could be formed if the owner is interested still?

Who else feels like the new rules killed ponzi? There hasn't been much activity on bitcoinduit or bitcatch lately... although it might have something to do with not being able to create new rounds..

That round has indeed been going for a long time, and I have several bets in it.  In fact , I am #17, next to be paid. 

I expect that and The Forever Game to pay out for weeks.

I have 1 round going,

http://bitcoinduit.com/The_Longest_Round

ROI: 20%
Jackpot: 15%
Fees: 0.0%
Minimum Deposit: 0.1000 BTC
Maximum Deposit: 1.0000 BTC
Expiration: 24 hours of inactivity
Deposit Total: 10.4500
Payout Total: 8.6400
Jackpot: 1.5675

This should keep going for a long long time..

I only have two games right now:

http://bitcoinduit.com/Long_bets
20% ROI, 15% jackpot.
Minimum of 0.1, maximum of 2.0.
The jackpot is more than 10x the minimum bet. The game has been getting some activity every 2.5 days, almost all bets of 0.1.

http://bitcoinduit.com/game/viewRound.php?id=Long_Bets_Two-Doubler
ROI: 100%
Jackpot: 30%
Bet range: 0.1-50
Fees: 0
Time to expiration: 24h
This game is still open to early, large bets to be paid off quickly.
Expired

Aha.  I'm glad you asked.  Since this will be the main thread for the main ponzi game site, I'm happy to explain.

The reason there's not much info on the site is that it's assumed players already know how this works.  I see you are new to the forums, so please allow me to explain.

These are ponzi games.  A ponzi is when later bettors pay off earlier bettors.  Ponzi schemes  http://en.wikipedia.org/wiki/Ponzi_scheme are names after Charles Ponzi.  He ran several ponzi "schemes" in the 1920's, and the way he did it was shady and illegal.

The difference here is that the game is completely transparent.  There are no secrets.  It's an acknowledged gamble.

Theres the pot, this is how much is available to pay the bettors
There's the jackpot, that's what the last bettor in will win when the round expires.
Rounds expires after X hours with no one placing a bet.

So, let's say we have a round with a 10% ROI and a 10% jackpot.

The round creator puts in 1 BTC.  0.1 of this goes to the house, this house fee is only on the very first bet of the round.
* So, 1 BTC in.  With 10% ROI, he expects to get paid 1.1 BTC. 0.1 goes to the house, 0.1 to the jackpot.  The pot is now 0.8 BTC
* Bettor #2 puts in 1 BTC.  0.1 goes to the jackpot, which is now 0.2, and 0.9 to the pot, which is now 1.7
     The 1.7 pot is enough to pay bet #1, so he gets paid 1.1.  The pot is now 0.6
* Bettor #3 puts in 0.5 BTC.  0.05 goes to the jackpot, which is now 0.25, and 0.4 goes to the pot.  The pot is now 1.1
     The 1.1 pot is enough to pay bettor #2, so he gest paid 1.1  The pot is now 0.
* Bettor #4 puts in 1 BTC.  0.1 goes to the jackpot, 0.9 goes to the pot.  The pot is now 0.9
   0.9 is enough to pay bettor #3 his 0.55.  The pot is now 0.35

etc....

until no one puts in a bet for x hours (24 or whatever is the number for that round) and the last person in wins the whole jackpot.


All the variables, the pot, the jackpot, the min and max bet, the number of hours before the round expires, they are all visible at all times.  You can make an informed decision before you place a bet.

Some bettors will lose their BTC.  That's why it's called gambling.

Look at some of the existing rounds. See for yourself how a high ROI affects the game vs a low ROI, and similarly how a high vs low jackpot affect the games.  Make an informed decision, and place a bet if you feel confident.

Good luck

What are the rules of the game?  I can't find anything on the site.  Thank you.

No one else has done it yet, so I'll get it started.

I have 2 games on Bitcoinduit.

http://bitcoinduit.com/The_Forever_Game
1.15x, 15% jackpot,  Zero fees
This game has been running for over 10 days, and I expect it to run for much longer.
The jackpot is 9.48 BTC.  Someone is always going to get in to try to snag the jackpot, hence the name: The Forever Game

http://bitcoinduit.com/FRIDAY_20_gets_2  (this thread got deleted)
I will pay 2 BTC to the 20th bet
1.34x, 10% jackpot, Zero fees
there are currently 13 bets, and the jackpot is 1.68 BTC

I know Bitcoinduit has on their front page that you can't make a new game "currently", but i have faith that this awesome site will prevail and continue.

Thanks!