~snip~
Back in the day I actually did something similar and it worked. Anyone here remember Cryptodouble?
You sent them X amount of bitcoin or shitcoin, and 3 days later they sent you back double your investment
There was even a countdown next to your listed payment showing you the hours to your 2x payout.
Obvious Ponzi scam but that didnt stop folks from piling in because for 1st 2 weeks or so it was confirmed
to be actually paying. After a test with some dust, I gambled 100,000 doge and some litecoin, dark coin
spare change. 3 days later right on cue, I get sent back double my investment. Of course, about 3 days later
they exit scammed. Big surprise there. Those were the days.... lol.
True story.
I remember investing in similar platforms back in 2010/11; they used to accept LibertyReserve and PerfectMoney mostly (no crypto of course) and used to double your USD. Mostly, they used to call themselves "Matrix" (or maybe "Forced Matrix"?) and used to work on a simple algorithm for doubling:
Suppose:
User A pays $10 to the platform
User B pays $10 to the platform
User C pays $10 to the platform
User B's and User C's $10 goes to User A, totaling $20
User B is now the next one to be paid once a new User D invests
This used to work well sometimes, especially when the platforms remained new and didn't have a big queue to pay.
However, there's still a nice difference in such a platform and the doublers present in the replies of tweets.