Author

Topic: Virtual Tulips (Read 1032 times)

sr. member
Activity: 322
Merit: 250
July 23, 2013, 10:58:05 PM
#10
This is what happens when you participate in a ponzi. You are the last one to buy it, you lose money, and the owner profits.
member
Activity: 78
Merit: 10
July 23, 2013, 08:42:37 PM
#9
Anyone going to help poor howeth?  His tulips starting to wilt.

 Cry Anyone?
hero member
Activity: 672
Merit: 500
July 23, 2013, 04:48:46 PM
#8
Isn't this just yet another ponzi scheme?

Yep.  Did you read the first line of the OP?   Wink

Nothing wrong with a ponzi as long as you know its such before hand. 

Anyone going to help poor howeth?  His tulips starting to wilt.

Oh, sorry, my bad.
full member
Activity: 238
Merit: 100
July 23, 2013, 04:32:51 PM
#7
Isn't this just yet another ponzi scheme?

Yep.  Did you read the first line of the OP?   Wink

Nothing wrong with a ponzi as long as you know its such before hand. 

Anyone going to help poor howeth?  His tulips starting to wilt.
hero member
Activity: 672
Merit: 500
July 23, 2013, 08:03:11 AM
#6
Isn't this just yet another ponzi scheme?
vip
Activity: 1316
Merit: 1043
👻
July 23, 2013, 07:32:22 AM
#5
Don't worry, you'll get there soon.

0.01
0.02
0.04
0.08
0.16
0.32
0.64
1.28
2.56
5.12
10.24
20.48
40.96
81.92
163.84
full member
Activity: 238
Merit: 100
July 21, 2013, 10:20:43 PM
#4
And Sothh was never heard from again.


(kidding)

Still here.  You think its worth running off over BTC0.01? Cheesy

Now if it gets up to 20 or 30...   Grin
sr. member
Activity: 308
Merit: 250
Jack of oh so many trades.
July 21, 2013, 10:19:22 PM
#3
And Sothh was never heard from again.


(kidding)
member
Activity: 78
Merit: 10
full member
Activity: 238
Merit: 100
July 21, 2013, 09:40:43 PM
#1
Thought I would start a simple Ponzi like game on the boards.

How it works:

I will sell a virtual tulip for BTC0.01

The price then doubles.  When the next person buys the tulip for BTC0.02 the current owner gets 150% what he paid, and I get 50%.

After each round the price will double.

How to play:

Simply send the current price to 1AxJXz5YrpHaQC7aKwCJTT46y3ShtnqJZZ.  I will update the current owner, and will payout to your address once the tulip sells again.

Current holder:



Sothh
howeth

Price:

BTC0.02
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