Quote from: MrSam on July 05, 2011, 12:40:56 PM

Quote from: cocodapuf on July 05, 2011, 12:29:17 PM

Even if it's unfounded, bitcoin already gets too much flak for seeming like a pyramid scheme. Isn't actually turning it into a pyramid scheme the last thing we need?

Keep in mind, the tech is solid, the only way to kill bitcoin at this point is through bad press. We don't need more bad press.

I'm actually getting tired of having to defend triplemining from being called a pyramid scheme. We are one of the only pools that returns everything to the members, where you see some other pool owners running off with 3,4,5 % of the pool income (With deepbit leading this), and yet there nobody complains.

But the moment that you redistribute some of the pool income based on work, you are called a Ponzi schemer.

I really have nothing to gain by you joining or leaving, my income stays the same: 0 BTC.

Alright, so probably what's happening here is I just don't understand how this works. How exactly are your % of the total hashes translated into payouts? What if you're the pool owner, what if you're hashing under someone, or if you're in the middle. Also, don't get me wrong, I don't think anyone's calling this a Ponzi scheme, that's just something else. But the description on the front page makes it sound... "pyramidy", maybe you just need to look at the wording.

Another question though, you mentioned you give everything back to the workers and that your income stays at 0. How do you plan to keep the site going?