Quote from: dooglus on July 01, 2014, 10:30:16 PM

Quote from: thExit on July 01, 2014, 10:12:45 PM

BTW, you're a hazard to this thread:) saying there's no need for an OP taking 1%. But I guess this is how evolution manifests itself through the block chain.

and hopefully to Ponzis in general. If you were to make an Etherium Ponzi with a 1% fee, someone would just clone it but change the fee to 0.5%, and so on. Since it's trustless the only thing you can compete on is fee, and so it's a race to the bottom. The fee would have to end up at zero.

See also: dice sites, exchanges, and anything else currently taking a fee for a service that can be decentralised and made trust-less.

Hopefully. Yes, I've noticed that at some point various services started competing through lowering fees. Seems a natural consequence when all of them run on similar principles in terms of functionality. The big question is how to get cryptocurrency-backed gambling services mainstream, how to compete with already established casinos. Will those casinos adopt such services by themselves, giving up their huge edge? No. Their edge allows them to make astonishing profits, if you are a kebab booth owner and you put two slot machines in your booth for people to play while waiting for their food, the "company" that owns the machines shares the profit with you, the profit can be equal to what the owner of the kebab booth makes monthly:)

Is it possible to battle them? No, they are run by mafia, supported by governments. If you try to battle them, you'll end up either in jail or at the bottom of a river. I don't know how things look in different countries, but this is how it looks in my country.

EDIT:

Quote from: bitponzi.io on July 02, 2014, 10:53:13 AM

Please remove your negative trust you gave us. We won't let it stand. All your comments were responded to several times in this thread already. Once again, we definitely will give you negative trust back, for not taking the time to read and think.

Quote from: mem on July 02, 2014, 08:04:58 AM

Quote from: Cluster2k on June 27, 2014, 07:07:22 AM

Quote from: bitponzi.io on June 25, 2014, 07:47:32 AM

We pay hourly which reduces the chances of the system getting stuck.

What do you mean? A ponzi scheme is guaranteed to become 'stuck' when the number of suckers drawn into the system isn't enough to pay out the early adopters.

I look forward to the numerous 'umm, the payments have slowed and then stopped, you guys sure it's still working, I haven't got my investment back yet' posts.

well said sir

This is a gamble in the same way leaving your wallet on the bus and hoping to come back, find it and also have another $100 stuffed in it.

This is not a gamble in the form of a casino game, a wager or a bet.

This is a scam, a grift and most of all a tax on the gullible.

Mem won't get scared of getting a negative trust from you, here's the reason

https://bitcointalk.org/index.php?topic=75883.0