Post
Topic
Board Investor-based games
Re: How can we create a provably fair Ponzi Game ?
by
CrazyJoker
on 16/01/2015, 00:35:25 UTC
You can't. Ponzi's are not provably fair.

Ponzis are fraudulent investment scheme. Ponzi games are just gambling.

You cannot make ponzis provably fair because there is nothing to make fair. There are no odds, there's only hoping you get your money back plus some and that the owner doesn't steal it. You can't make when someone is going to steal your money provably fair.

The odd in dice sites are provided by a computer function. The odd in a Ponzi Game is in real life, whether someone will invest after you or not.

Operator may run away with your fund in any bitcoin business. It has happened for exchanges. It has happened for gambling. I dont understand why people are categorizing Ponzi games by default as a scam. Dice.ninja ran away with public fund, but does it mean that it was not provably fair ?

operator leaves anytime is not provably fair lol.

That is scam and that risk is present in all gambling sites as well, especially those are taking investment in bank roll.

so u're asking with other words, how can we know when scammer will run ? u cant ...this is not gambling ... its stupidity ...

No ! I am asking when the next person will invest to cover your return. Scammer is a scammer everywhere. Say it ponzi game, dice site or a bitcoin exchange.

I never understand why people make ponzis in the 1st place though, esp the recent big one like cryptodouble or whatever.

Right after that, I saw like 4 or 5 more dumb ones.

So, according to you, people should have stopped trading on real time exchanges because Mt.Gox scammed ?