www.pon-z.com - The World's First Honest Ponzi Scheme - page 2.

OneEyed

full member

Activity: 154

Merit: 100

Quote from: ?? on ??

Quote from: OneEyed on August 13, 2012, 06:19:08 PM

you would have to find around 155 people to join the system after you to get even.

You only get paid by the next 100 people joining, so that seems impossible?

I missed that part! So in fact, if everyone (including you, the 99 people before you and the 100 people after you) all give 1 BTC, you get your money back, minus the fees. So you don't lose much.

OneEyed

full member

Activity: 154

Merit: 100

Quote from: bccasino on August 14, 2012, 07:30:52 AM

Quote from: OneEyed on August 13, 2012, 06:19:08 PM

Quote from: bccasino on August 13, 2012, 06:13:17 PM

what a great fun that is! I also kicked in some coins, let's see if it beats our casino payout Shocked

Is your casino payout that bad? If you start here at rank 90, with you and everyone before having bet 1 BTC (which is not the case, there are some big participations), you would have to find around 155 people to join the system after you to get even.

Our global payout for current year is 95.3% while some games like live roulette and live baccarat (97.1% respective 100.2% as of today) have higher payouts.

I don't know exactly how you calculated the 155 needed depositors but I believe that 155 is not that many especially knowing that some deposited 50BTC at once.

return <= sum(i = 90+1 .. 90+155) (1/i)

And as I wrote, this is much below the real number, as here the computation assumes that depositor i gets you 1/i of the share (only the case if noone bet more than 1 BTC before you do, which is obviously not the case).

bccasino

donator

Activity: 199

Merit: 100

YOU WIN . WE PAY

Quote from: OneEyed on August 13, 2012, 06:19:08 PM

Quote from: bccasino on August 13, 2012, 06:13:17 PM

what a great fun that is! I also kicked in some coins, let's see if it beats our casino payout Shocked

Is your casino payout that bad? If you start here at rank 90, with you and everyone before having bet 1 BTC (which is not the case, there are some big participations), you would have to find around 155 people to join the system after you to get even.

Our global payout for current year is 95.3% while some games like live roulette and live baccarat (97.1% respective 100.2% as of today) have higher payouts.

I don't know exactly how you calculated the 155 needed depositors but I believe that 155 is not that many especially knowing that some deposited 50BTC at once.

Let's see what will come out, it's gambling and it's fun the way it was setup make full use of the amazing bitcoin technology so I like it.

xchrix

hero member

Activity: 905

Merit: 1001

propably thats right. i dont have done the math

but in fact i got 50% of my "Investment" 2 days later back.. so i think there are good chances that i will make a win out of it. if not than its a "gambling loss" for my. no risk no fun.
maybe this ponzi is running over months/years... than you will get some free coins every day.. we will see what the future brings

OneEyed

full member

Activity: 154

Merit: 100

Quote from: xchrix on August 14, 2012, 02:54:21 AM

Quote from: OneEyed on August 13, 2012, 06:19:08 PM

you would have to find around 155 people to join the system after you to get even.

thats the fun part of this site

you simply dont have to find 155 people! just sit back and wait. no advertising do be done. you participate on every user which is joining

I meant, and you know it, that if less than 155 people join the system after him, he can only lose. And that would be if any of the people before him had put only 1 BTC. This is not the case.

In fact, the total of people shares is 649 so far. That simply means that if someone puts 1 BTC into your system right now, and other people after him also put 1 BTC, he must wait until approximately 1100 more BTC are collected before he is even. And of course, the situation is worse for people after him, who have to wait even longer every time.

xchrix

hero member

Activity: 905

Merit: 1001

Quote from: OneEyed on August 13, 2012, 06:19:08 PM

you would have to find around 155 people to join the system after you to get even.

thats the fun part of this site

you simply dont have to find 155 people! just sit back and wait. no advertising do be done. you participate on every user which is joining

OneEyed

full member

Activity: 154

Merit: 100

Quote from: bccasino on August 13, 2012, 06:13:17 PM

what a great fun that is! I also kicked in some coins, let's see if it beats our casino payout Shocked

Is your casino payout that bad? If you start here at rank 90, with you and everyone before having bet 1 BTC (which is not the case, there are some big participations), you would have to find around 155 people to join the system after you to get even.

bccasino

donator

Activity: 199

Merit: 100

YOU WIN . WE PAY

what a great fun that is! I also kicked in some coins, let's see if it beats our casino payout Shocked

xchrix

hero member

Activity: 905

Merit: 1001

ah see it. you are right!

would be a good idea to combine many transactions and send only one transaction to each user at one day.
if this is heavily used there will be a big amount of very very small transactions..

xchrix

hero member

Activity: 905

Merit: 1001

i like the idea of it because you dont have to make refs on your own

hm but i think there is a bug in it. when you see the transactions mostly there is 1 BTC send.. but one of the last transaction were 665533334666 BTC !!! holy shit

somebody is really stupid? Huh

Code:

92,1KUek5qE3BB67zxsjN7m615FRBz3m3Xhwu,18yqUDViAnbSi3yN8WedjaidSpnCBbbSyx,665533334666.00000000,2012-08-12 19:45:34

PatrickHarnett

hero member

Activity: 518

Merit: 500

Just passing, but this looks more like a simple pyramid scheme than a ponzi.

BillN

newbie

Activity: 22

Merit: 0

Quote from: arsenische on August 12, 2012, 11:04:12 AM

great project, I wanted to make something very similar too!

btw, is it really the world's first honest one?

Yeah I don't think it's the first one (those are their words) - but it makes for a great subtitle I guess

BillN

newbie

Activity: 22

Merit: 0

Yes that would be better, however, the minimum deposit is 1B if remember correctly. Your argument does however stand for splitting up larger amounts still.

FreeMoney

legendary

Activity: 1246

Merit: 1016

Strength in numbers

If you were going to send 1BTC isn't it better to send .5 and then .5 so that part of your second goes to you, but you end up with the same share? And better yet to break it more and more?

arsenische

legendary

Activity: 1199

Merit: 1012

great project, I wanted to make something very similar too!

btw, is it really the world's first honest one?

BillN

newbie

Activity: 22

Merit: 0

Yeah I started to receive mine as well

If this rate holds up I beat the casino Wink

rockyleal

newbie

Activity: 22

Merit: 0

I risked a few coins for fun, and payments are already coming in. If the rate of payments holds I'll definitively get the initial coins back and then some more Grin

BillN

newbie

Activity: 22

Merit: 0

Came across this gambling website. It's a transparent ponzi schema website.

www.pon-z.com

Of course this is just a gambling site and no value is created, but if you like that kind of thing it's best to get in now right?

People are already validating they received money. If you want to know more, it's being discussed here: http://www.reddit.com/r/Bitcoin/comments/y2lng/ponz_the_worlds_first_honest_ponzi_scheme_using/

Topic: www.pon-z.com - The World's First Honest Ponzi Scheme - page 2. (Read 6203 times)