Quote from: ReturnBits on September 18, 2016, 02:47:25 AM

Quote from: chisefu on September 18, 2016, 02:44:15 AM

Quote from: Xardas2014 on September 18, 2016, 02:42:07 AM

Quote from: ReturnBits on September 18, 2016, 02:32:37 AM

Quote from: Xardas2014 on September 18, 2016, 02:21:32 AM

Quote from: ReturnBits on September 18, 2016, 02:06:38 AM

Quote from: Xardas2014 on September 18, 2016, 02:00:25 AM

Quote from: Thefrolly on September 18, 2016, 01:38:41 AM

Quote from: celot on September 18, 2016, 01:35:22 AM

Quote from: ReturnBits on September 18, 2016, 01:20:21 AM

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.

It's absolutely not a PONZI if there is forecasted revenue that will exceed the accounts payable. There's nothing saying he can't use mined coins to balance the budget either. That's why I wouldn't make the wager. Once the initial big block mining phase is over, things will be balanced.

Its somewhat both in this sense. It is using the new investors to pay the old, and also the block rewards and fees. But any traditional "ponzi" will collapse when the funds completely stop coming into the system.
This won't, it will simply take longer than expected, which was all foretold prior to this. The payout time frames are minimum time frames. That a queue would be built, and eventually everyone still gets paid. Everyone CAN stop sending in, but everyone WILL still get paid.

Exactly, thank you.