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2. Every round has a random return % between 110% to 200%.
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4. Every next player's invest will payout its previous investor and hence only the last person looses.
I dont understand #4 here I think. Lets say its a 200% round (which should double). If we further assume Fixed deposit amounts:
#1 invests 1 - bankroll is 1
#2 invests 1 - bankroll is 2, #1 gets paid 2
#3 invests 1 - bankroll is 1, #2 gets paid 2, where does the missing 1 BTC come from?
No. The system is not like that. As I have mentioned in point 4, the next person should always pay the previous person's payout. So, your example with 200% return will look like as follows...
#1 invests 1 - bankroll is 1
#2 invests 2 - bankroll is 2, #1 gets paid 2
#3 invests 4 - bankroll is 4, #2 gets paid 4
4. "Every next player's invest will payout its previous investor and hence only the last person looses."Untrue.
This statement is only true if you substitute the word 'level' for the words 'player', 'investor' and 'person'.
As each level must, by definition, be 2x as big in value in order to pay the level above, this is an application of MLM to this "game" where the # are levels, not individual people.
As the value of each level doubles, then the lower levels obviously consist of more and more individuals who are likely to lose everything if their level is the last.
To say "only the last person loses" is untrue and deliberately misleading, the sort of lies the MLM industry tells all the time..
4. "Every next player's invest will payout its previous investor and hence only the last person looses."True.
One single investor/player/person, however you identify an entity participating in the game,
will have to pay double of the previous player, if the round return is 200%. 2x bigger payment is not constituted of multiple player's contribution. For a 200% round every player must pay 200% of the previous player, otherwise they will not be able to play. You call it MLM/Ponzi is up to you, but at the end of the day it is a game, where rules are clear from the beginning. And yes,
only the last person loses is absolutely true. Please play in
www.CrazyPonzi.com with the 1
BTC non-withdrawable play money and provide me the Bet IDs where multiple players have lost in a single round.