Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Ponzi - Ponzicoin ?
by
BADecker
on 16/10/2014, 02:57:37 UTC
A Ponzi or MLM use a single source of supply to create a profit center. You can buy bitcoins on the open market. That would be like buying your competitors products to sell and would kill your pyramid.

MLM people like MLM. They would get all their people in just to make a profit off it.  Smiley
It's also easy to cheat. Do MLM people like cheaters?

Freedom isn't cheating. However, one of the things that I am looking for is ideas for making it difficult to do the thing that might be considered cheating by some... to guide folks into the direction of using it as it is. There might come about alt-Ponzicoin clients. But, if we don't do it with Bitcoin, somebody just might apply this idea to Litecoin, or one of the others, that has its own blockchain.

The point is, nobody could control a Bitcoin MLM that was built right into the client. If it caught on in the MLM croud, Bitcoin would explode.

Smiley
What I'm saying is that your idea is not an MLM. It doesn't work like an MLM. You're not going to fool anyone.

Basically, it is EXACTLY like simple MLM. It works like an automated chain letter that has no mailing or emailing requirements.

You give your install program to your friends. They install it; same as installing the Bitcoin-Qt client. They buy some bitcoins into their wallet, check the checkbox, and hit the button. Precisely .5 bitcoins is sent from the wallet (plus the miner fee), and a new install is created for them to pass on to their MLM friends. There could be a splash page built right into the client that explains how to use Bitcoin for everyday living.

Sure, they could "cheat." They could use the install program they just created, and continue to use it until they had created 5 new Bitcoin-Qt clients so that they could get paid more. But that is what I am asking for here... methods to slow down this "cheating" which really is simply freedom.

Smiley
Bitcoin is highly resistant to the rules you want to impose. You also offer no incentive to slow down cheating. You can't design a tool with no purpose for its use. If you want to create an MLM using bitcoins, then color some bitcoins and offer an incentive for using them. That's what colored coins are for. You can even create a wallet that uses them in addition to bitcoins.

What rules are those? It is simply a forked client, not a forked process.

There isn't any cheating. Banks might call Bitcoin cheating. We need your and everybody's imagination to find a solution that guides MLMers into using the client to the best benefit of all.

Again, this is NOT something other than Bitcoin. IT IS BITCOIN. It is simply a special client that is designed to use in MLM/Network Marketing/"chain letter" operations for recruiting people into Bitcoin the same as MLMers recruit people into a particular MLM company. The difference is that the "company" would be all automatic... in the client itself.

Smiley