Re: [ANN] Returnbit [RBIT] [SCRYPT] [POW]

Again the queue has filled up. It will slowly build funds until they can be paid out. It may take some time...

this PONZI ?

if you read the ann. page you see that the funds from the rtrust come from mining, since every block found gives 50 coins into the rtrust

At this point it will be 5+ days before mining can pay the unpaid. Very little point in sending in more Tier 1 coins.

Actually no, with the minimum buy in at 50,000.
Assuming there is 1440 blocks in 1 day at 60 second intervals
50x1440=72000
Thats more than enough to pay out assuming no new people send in.
The transaction last night was for 150,000 and still got paid out in a few hours. The more that is sent in, the faster the queue will go.
There is no need for new people to send in, This queue will be completely empty within a few hours.
3000 Coins come in every hour.

Actually yes. Using your best case scenario figure of 72,000 coins a day, you have an unpaid total of 418731/72,000=5.8 days

You assuming that no funds come in and everything is completely halted. Regardless, the queue will empty. It might take longer than normal, but regardless, it will empty. Guaranteed.

If you are using funds people deposit to pay off earlier depositors, that by definition is a PONZI. If you are only using the 50 coins per block and transaction fees, then it isn't an outright ponzi. So which is it? Also you are fast approaching block halving and thus 25 coins per block instead of 50. When I used the figure of 5+ days to get the unpaid people paid, I was being rather generous if the rtrust only gets coins from mining rewards and fees. If it is a PONZI, then everyone could be paid quickly or not at all. I suspect you will very soon see miners stopping. I know I already did.

50 coins from every block, regardless of the block reward.