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Re: Clear abuse of DefaultTrust by Vod
by
CrazyJoker
on 14/05/2015, 19:57:59 UTC
I am not in a position to take any direct action. I tried to create an honest game in the wild west of Investment Based Games section.

Question:  How does one create an honest ponzi?  Your intention is to steal as much as you can from as many people as you can.   Undecided

Please read the PM or the thread above and you'll find how this game works. The Ponzi schemes you are referring always pay old investors from new investor's deposit. This is NOT the case here. New investors can be paid by old investors as every deposit gets 120 hour to expire. In legacy Ponzi games bankroll just goes up and at a certain point owner just take it and run away. This is NOT the case here. Bankroll goes up & down and it is never more than the commission that I make from winners.

I did. All I see are your claims. Lets pick them apart, shall we? Maybe you can answer my questions.

I did explain (https://bitcointalk.org/index.php?topic=927206.msg10394502#msg10394502) while I was running the first game on this domain and I can explain this time as well.

Quote
The basic principle of CrazyPonzi.com is fundamentally different from its predecessors like WeeklyPonzi.com or NextPonzi.com. All those games were based on classic Ponzi principle, where old players are paid out of new player's investment. But, at CrazyPonzi.com new players may also get paid by old players. How ? Because every investment/bet, whatever you call it, will get expired within 120 hour. So, if one investment/bet get 140% of its value within 120 hour, it will be paid off. Otherwise, it will expire and add up to the bankroll to pay the next investment/bet.

Lets pause here for a second. The difference as I understand it is, while a regular ponzi starts a new round after X time and whatever is left goes to the operator in your case it goes to "the bankroll". I assume you as the operator control the bankroll. The only difference I see is that you removed rounds from the game. The fundamental concept is still the same.
Nopes. The fundamental concept is NOT the same. There is no round removed here. When an investment expires, it goes to "the bankroll" means it is used to pay the next pending investment. It does NOT get into my pocket. Only when a player is paid back 140% return, 10% of that goes into my pocket and that is my incentive to run the game honestly.

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In this process, bankroll itself is self-adjusting and hence never goes up. On the other hand, operator gets paid a commission whenever someone gets paid. This is how operator makes more from commission than he could make by stealing the bankroll. This was not the case for WeeklyPonzi.com, NextPonzi.com or its similar variants that run today. Hence running away with the bankroll is simply not economical for the operator of CrazyPonzi.com.

Running with the bankroll may be not, but what about faking participants? Firstly I find it troubling that you seem to have no blockchain evidence. Is there none? Is every entrance in the table, there because you say so?

Though I am NOT participating in the game, let us assume for the sake of arguement that I do. What difference does it make ? If my investment does NOT get covered within 120 hour, I'll lose it to my next investors. This game does NOT give me any advantage as a player over others as there is no hidden data. But, in reality, if you check my thread, you'll see lot of investors reported their deposits and they also invest in other games. So, it is NOT me playing against myself.

Lets look at some examples from your site.

Code:
127 kahnur 0.005 0.007 Expired 00:00:00
126 Shikaku 0.0078876 0.01104264 Paid 00:00:00
125 haha 0.0141876 0.01986264 Expired 00:00:00
124 Schemer 0.1        0.14 Expired 00:00:00
123 FIALKA 0.01 0.014 Expired 00:00:00
122 yazx 0.0026 0.00364 Expired 00:00:00
121 mrfizzy 0.00126 0.001764 Paid 00:00:00

Why was #125 not paid from the bankroll provided by the expired "investments" from #122 #124. If the only indicator to pay out is another "investment" after me, the bankroll can certainly increase to any amount and your statement from above is wrong.

Because bankroll does NOT increase when a bet expires. It increases when a new bet comes in. When 122 was expiring, bankroll was lower than 0.00364 BTC. After that, new investment came in and bankroll was lower than 0.014 BTC, but higher than 0.012 BTC. That is why 123, 124, 125 expired, but 126 was paid. For classical Ponzi Games like WeeklyPonzi/NextPonzi, the only indicator to pay out is another investment after yours, but this is NOT the case here. Bankroll goes up & down because of new bet & payouts. I hope, now you understand the beauty of the game.

-snip-
Sometimes when I am in the middle of something and the "new personal message" notification comes up, I ignore it to continue what I'm doing, and return to it later.

Thats sooo rude of you Vod, why do you have other things to do with your life but the react to a PM?


Edit: typos, grammar

If he had other things to do in real life, I did NOT have a problem. But, he was posting in the forum, but was NOT responding to my PM after leaving a -ve feedback.