Re: Bitponzi.io - fair ponzi with automated hourly payments, 150% in 150 hours.
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.
