Quote from: bitponzi.io on June 28, 2014, 07:49:31 PM

Well, but we actually have all the features you mention.
Balance can be checked via blockchain;
Payouts are automated;
The maintenance fee will be taken once a week. I don't see why we should take it real time, that does not make sense;
As for running away with the money - let's not discuss our honesty and integrity, but here it just doesn't make sense - the balance is being paid back really fast, so it doesn't really grow. Thus it makes much more sense to profit from the fees, which are derived from total transaction volume.

Quote from: thExit on June 28, 2014, 02:55:18 PM

"Fair Ponzi", this sounds really thrilling. I know cryptocurrencies provide numerous opportunities to businesses, but I would never suspect that they would allow to create a "fair Ponzi scheme". Money coming out of thin air? You are asking for trouble.

50% return (after what? +/- 6 days) sounds even more thrilling than "Fair Ponzi", I can only make a 5-10% a month trading (Forex or altcoins), the difference is that I can REALLY make money, not just juggle sbd's coins. It's taking me weeks and now even months to think how my ability to make those 5% monthly can benefit the cryptocurrency community, how to make it reliable, safe, with use of distributed exchanges, colored coins, smart contracts, protocols such as NXT, MSC, XRP, and you simply came up with a "Fair Ponzi". Why didn't I think of that? But instead of running a Pozni, I would secretly trade to make money instead of ponziing them. Sorry for the tone, but I can't help myself. Despite this, I wish you all the good luck, there are hordes of people dreaming of running a Ponzi scheme, you actually managed to achieve it.

Please take the following words of advice. Instead of running this Fair Ponzi by yourself, employ the blockchain technology to create a Provably Fair Ponzi Scheme, where we can see the balance (you already have this feature implemented;), where payouts are made automatically to all the people that cashed in, where you do not have the ability to run off with the money (in your current Ponzi there is the element of trust, why not eliminate the need for trust?), and where you automatically get the 1% maintenance fee. That would be a Fair Ponzi. Go for it.

Here's a quote from a topic taken from the same forum section /Gambling/. I didn't read it, I just liked the title of the thread.

https://bitcointalk.org/index.php?topic=510323.0

Quote from: mem on March 11, 2014, 06:24:45 AM

People please avoid ponzi's like the plague.

Here is the very simple description of a ponzi:

a) Idiot hands over money to con artist.
b) con artist pays (for example) 1% interest weekly on your investment.
c) idiot decides he wants to compound his investment so interest is never collected.
d) Ponzi operator runs off with funds when investors ask for withdrawals.

Or the Other Method:

c) not quite an idiot collects 1% interest a week and tells everyone how great it is.
d) The ponzi operator can do 100 weeks of payouts before running into trouble, they usually will stop when they stop getting new investors.

Now I know there are many people that make the following claim: The trick is to get in and out early. and they are one of the 3 types:

1) shills - they never invested anything but claim they did and that the payments WERE FABULOUS.
2) idiots who think they will be the first in and out.
3) idiots who were lucky enough to actually be 1 of the first in and out. Its the same as leaving your wallet/phone/camera with a random stranger on the corner of the street - yes sometimes they are honest but guess what, its terrible advice to give anyone and to claim success at doing so is just encouraging other idiots to invest.

Finally:

Ponzi's and pyramids are not gambling its a way to syphon money from idiots.
These long running pyramids...... you will find out all the success stories are sockpuppets of 1-2 people right at the top.

PS: Friends dont let friends order from BFL.

The List of Ponzi Operators.
If you take advice from these people your gonna have a bad time mmmkay.

yonce - a HYIP promoter making more than a passing effort in his scam (nice to see a committed con artist).

Min-btc - scammer.

120cycle - scammer.

naRky - scammer

multiponzi - scammer.
bmL - scammer.
btcmania - A very clever and persuasive shill. Defends ponzi's and their operators despite knowing full well that ponzi's operate as a scam.

BitDoubler - scammer.

ponzimatic - scammer.

CoinPayoff - ConPayoff.
Weekly_Ponzi - lol.
jontstaz - ponzi operator
ponjava - ponzi operator
greenservice - piece of shit ponzi operator/ con artist.

apsvinet - Scammer, liar, opponent of free speech, all in all a nasty piece of work.

Of course "it makes much more sense to profit from the fees" as it would show your honesty and allow to grab more BTCs, without a lot of interest from potential "investors" your Ponzi wouldn't be worth the hustle.

I mean, I don't see much sense in investing in anything that is just a financial pyramid even if it openly claims to be one- the openness does not add anything of value. If a pyramid of this type had a chance to survive, don't you think all the other hustlers would have succeeded in their efforts to sustain the pyramid?

My money is hard-earned. Please try to convince me to invest 50,000 USD into your scheme. If I do it tomorrow, will you be able to pay me 75,000 USD in 6 to 7 days? I tell you what, if you invest 50,000 USD with me tomorrow, I will be able to pay you 51,000 in 5 days. Or if you invest 500,000 USD I will be able to pay you 510,000 USD in 5 days. Or, yes, you should know by now, if you invest 5,000,000 USD with me, I will still be able to give you 5,100,000 USD in 5 days. To continue, if you would like to invest 50,000,000 USD, I would pay you 51,000,000 USD in 5 days, or at this stake I would consider saying that a hacker attacked my account;) Just a joke, I would probably say that at 5m USD Cheesy

I'm not advocating myself to be the holy grail of investing, but I am sure you can see the difference clearly. If I invest with you 50k USD, your Ponzi wouldn't make me a dime. If you invest with me no matter what amount, I can still make you a nice yearly return. Think about it.

Usually I am good at judging people after a short personal contact, but it is harder to do it over the Internet. For now, I don't view you as an abuser of trust, you can still prove yourself. You are either honest ( quoting @bitcoin4eva "If they do not decide to run away with the money") or clever. Clever by using "an inception within inception". You say that you run a Ponzi, so you are honest and trustworthy, so we will deposit our funds with you, cause you are honest, despite being a Ponzi. Hey, he's an honest Ponzi, don't be scared:D He's giving away free candy.

http://1.bp.blogspot.com/-tBFw8yUhC3Y/T9E2g8FwF5I/AAAAAAAAATU/n1RmI7JPMaM/s1600/FreeCandy.jpg

Once again, I couldn't help myself, it's a classic. How about we join forces, you run the Ponzi, I'll make real money from what you collect. It's a win-win situation. We'll split what we REALLY earn.

And now being serious, one thing I appreciate, if you turn out to be honest (which I believe might be true), is that you took the effort to think and come up with something new within the borders that limit you. Don't take this as an offense.