Quote from: dolphinss on March 20, 2014, 01:19:21 AM

Quote from: MMos on March 19, 2014, 09:34:09 PM

Quote from: DigiByte on March 19, 2014, 08:09:33 PM

Quote from: dolphinss on March 19, 2014, 08:02:39 PM

Would it be a good idea to have something like this for DGB?

http://ponzidoge.com/

Probably not. The word Ponzi has a very negative connotation. Literally looks like a literal transparent ponzi though.

Honestly, these pyramid scheme so-called "gambling site" are a scam and only the site owner is real winner.
They start at a low amount, and rely on Person B buying the lot from Person A (note: site owner does not have to make the any investment) and the unlucky Person X loses his entire amount (which can be rather large) and the site eats that amount. Honestly the hosting and w/e costs nothing compared to just taking lots over a period of a month.

Except that in this case it doesn't look like a pyramid scheme. Max loss per person is 50,000 doge.

And site owner makes money if he suddenly refuse to pay. Or he place money into the pot as well to get the 20%. For him it is risk free.

Looks like the site owner stops paying from #145 and taken out all the funds...
there's only 4700 doge left in the wallet...
http://dogechain.info/address/DGprAbFjG8qYbzi3yhxNriSF2CoiBTKf53