Post
Topic
Board Gambling
Re: BTC Ponzi (btc.fairponzi.com)
by
bmL
on 27/03/2014, 16:07:09 UTC
This looks very promising.

All elements are there.

- Total deposits
- Total Payouts
- Total fees
- Total wallet balance so users can check how much is missing for the next deposit.

A number of changes to consider.
- Lower the transaction fee to 0.0001 (blockchain records it as 0.0001 but site says 0.001)
- Lower the confirmations count to 1
- If there is no deposit within 48 hours instead of paying 200% pay out the wallet balance to the last deposit.
- Enable automatic payouts


The tx fee on site is total transactions fee of all transactions the tx fee size is decided by the BTC client itself to ensure payouts will go smothly.
I've lowered required confirmations to 2. This makes extra 10 minutes (this is the BTC block time). I will research more deeply into it and decide if lowering it to 1 confirmation would be wise decision. It's an safety metter.
I am considering unlocking wallet for instant payouts. Any more investors want instant payouts in exchange for lower security (I'm not saying wallet will be fully exposed but it will in fact be less secure)?
Your idea of replacing the 200% payouts seems interesting I will consider it and decide tomorow/after tomorow.

- If there is no deposit within 48 hours instead of paying 200% pay out the wallet balance to the last deposit.

I'm not sure the 48 hour rule is going to work.

Not if it's applied to the deposits. What if you apply the 48 rule to the payout time?
It would be easy to change but could You please explain me why should it be better? This would shorten the round few hours but nothing more.