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Showing 18 of 18 results by iwtwe
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Board Announcements (Altcoins)
Re: [ANN][BETA][EXCHANGE][REALTIME] CoinEX realtime exchange
by
iwtwe
on 23/04/2014, 17:57:30 UTC
So many stupid scam accusations here, I barely want to disrupt your hate talking. There *is* work being done.
CoinEx is *not* a scam, you could easily see more than 200btc were refunded (those were my and captainfuture earnings for the whole time CoinEx was running) when I have posted first news about relaunch.
It is a hard work to get all your accounts refunded out of thin air so be patient. For those calling me a 21yr old alongside with a post with my personal info which states my birthday is 12 may 1986 (thats true) - if you can't do any math - sure, go break my face for your $200 you can't wait for.

For those wanting for daily updates - I only speak when I have something to say. Posting "we're working, be patient" every day is useless and does nothing except annoying people.

All the debt *will* be paid. We're working on that. Those are not small money so it takes time to find & gather.

Keep calm & carry on.

- Vitaly

DISABLE DEPOSITS UNTIL YOU GET YOUR SHIT TOGETHER
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Re: Best BTC Ponzi with DEPOSIT INSURANCE - Let's make this the greatest round!
by
iwtwe
on 23/04/2014, 17:52:02 UTC
Well, lost another .1  I'm done for good. good luck  Roll Eyes
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Board Games and rounds
Re: Best BTC Ponzi with PROGRESSIVE PAYOUT - New round started NOW!
by
iwtwe
on 22/04/2014, 15:23:04 UTC
Min.0.03   max.  0.11

I think that is the best ratio 

I agree.
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Board Games and rounds
Re: Best BTC Ponzi with PROGRESSIVE PAYOUT - New round started NOW!
by
iwtwe
on 21/04/2014, 17:12:29 UTC
This round wasn't that good. The two rounds before this one were so great, but I guess it was a question of timing. The round was started Easter's Sunday, so I guess most of us was enjoying a nice family time.

The guarantee fund was paid out, wasn't that much as usual and it didn't made to the 60% of the maximum (so the 200% last deposit bonus wasn't activated this time). The total guarantee fund was 0.15001000 BTC (0.33 was the maximum).

The rounds before this one were a lot better, so should the new round will be, which will start today at 19:00 GMT.

The new round will have a minimum of 0.6 BTC and a maximum of 0.25 BTC. Increasing the values a bit will help to activate the Jackpot feature, and probably will raise the attention of more people who are bored to play with such small amounts. This round I will send out a newsletter before it starts to all 96 registered users we have, so my hope is that this round is going to perform very well.



Please clarify/correct: "minimum of 0.6 BTC and a maximum of 0.25 BTC"
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Re: Best BTC Ponzi with PROGRESSIVE PAYOUT - New round started NOW!
by
iwtwe
on 21/04/2014, 16:31:09 UTC
There were 12 deposits on top of mine. I added them up and they more than covered the next person in the queue to be paid. For 2 days though (48 hours) the queue stayed pretty much where it was, no new payouts.

Even with the progressive payout, and the funds from new depositors already made, you didn't pay anyone. I suspect you hold back payouts to make these rounds drag on for 12 hours or more and then take the profit.




Payouts are determined by the frequency of deposits, not amount. It's not really said anywhere on the site but now you know. I thought it was a scam at first too.
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Re: BTC Ponzi with PROGRESSIVE PAYOUT - You can win a jackpot of up to 0.6 BTC
by
iwtwe
on 16/04/2014, 21:55:48 UTC
So, any serious players around here? Who would make at least 20 deposits from now on?

Just give me a sign, want to know how many we are. Remember, each deposit within the limits can qualify you a ticket for the Jackpot!

Are we actually going to keep this round going?

Yes. Even without any more deposits the round will be open for another 10 and half hours aproximatively. But I hardly doubt that there will be no more payouts.

Cool, sounds good.
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Re: BTC Ponzi with PROGRESSIVE PAYOUT - You can win a jackpot of up to 0.6 BTC
by
iwtwe
on 16/04/2014, 21:21:41 UTC
So, any serious players around here? Who would make at least 20 deposits from now on?

Just give me a sign, want to know how many we are. Remember, each deposit within the limits can qualify you a ticket for the Jackpot!

Are we actually going to keep this round going?
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Board Games and rounds
Re: BTC Ponzi with PROGRESSIVE PAYOUT - 200% Last Depositor Bonus Activated
by
iwtwe
on 16/04/2014, 18:44:26 UTC
either (17xsb2a...8gnwf1) is the cryptoprofit's owner (if so, the game's profit could be maximized) or he did not understand to use 200% bonus  Roll Eyes
try again?

I'm 17xsb2

Thanks for clearing this. Last round either I wasn't the one who cached in the 200% Last Depositor Bonus. I am probably stupidly honest? Smiley

No problem. Yeah I don't know who got it.
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Re: BTC Ponzi with PROGRESSIVE PAYOUT - 200% Last Depositor Bonus Activated
by
iwtwe
on 16/04/2014, 17:38:07 UTC
Come on guys x2 payout waiting for you all  Grin

Not only, but I think that this is again close to a perfect round. Guarantee fund is getting higher, 200% bonus activated.

If people would start massively playing this could go really really far (I think that at least 100 more deposits). What we need are just like always: 4-5 big players. Smiley

It is up to you. All I can do is to provide you this very well built system, and then it's your choice of using it, and trying to multiply your BTC with it.

I'd be willing to drop some more coin but I'm hesitant based off previous rounds.
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Re: BTC Ponzi with PROGRESSIVE PAYOUT - 200% Last Depositor Bonus Activated
by
iwtwe
on 16/04/2014, 16:01:39 UTC
If it makes you feel any better, I've lost a total of .732 over the last 4 rounds. In other words, it could be a lot worse. If losing a couple hundred buck's worth of bitcoin is what breaks the bank for you, you should not be putting it into a risk related game to begin with.
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Re: BTC Ponzi with PROGRESSIVE PAYOUT - 200% Last Depositor Bonus Activated
by
iwtwe
on 16/04/2014, 09:26:54 UTC
Ok, this doesn't work like that...

I will make some changes to the code in the following hours, and there will be a new rule for closing a round. Otherwise, we'll be stuck in this round forever.
The new rule will have nothing to do with the time of the last payout has made. It will be based on the deposit frequency.

There will be a minimum of 4 deposits/hour. When the deposit frequency falls below that the round will be closed. So it will always measure the number of the deposits made in the last 60 minutes and will display that instead of the last payout.

No offense but this is terrible. It's already made to where payouts aren't based on the actual coins deposited but frequency which sucks. I don't know if you noticed but there's hardly any deposits to begin with.

I'm not putting any more coins in. The fact that you even quoted me saying "this is a perfect round" and then didn't put any deposits in says a lot. You made so much off of me that last round collecting the other half of my deposits that didn't payout. I know that you as the site owner don't want rounds to go on and on because you make shit loads of money when it times out. But, you could better the odds for the people actually taking risk and putting coins into your game because in the end you win regardless. 4 deposits an hour will never work when you're barely getting 4 a day.

There's so many things that could be tweaked to attract and retain depositors. You have to make this a much more fair system for it to ever grow because people are so blinded by short-term greed they aren't taking risks. There's no long term incentive to keep a round going because this system doesn't adequately reward the players. It's so painful to watch.

Good luck.
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Re: BTC Ponzi with PROGRESSIVE PAYOUT - 200% Last Depositor Bonus Activated
by
iwtwe
on 14/04/2014, 20:54:56 UTC
good job iwtwe you make me too much scared for this round  Shocked

lol it only .02...anything I get paid back goes right back in for as long as the end lasts. I already bit the bullet so a few people could get their payouts. someone else has to do the same. ten of my .02 deposits is just .1 it's no different it just looks longer because its spread out in increments
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Re: BTC Ponzi with PROGRESSIVE PAYOUT - 200% Last Depositor Bonus Activated
by
iwtwe
on 14/04/2014, 16:57:02 UTC
This is literally a perfect round

I couldn't agree with this more... People should storm in and play, this is the time when there's a need for 4-5 real players who would make 40-50 deposits each. It looks like a long payout list, but most of it is 0.02 BTC.



^^^^^^^^


Is the number of required deposits need to pay out say .025 smaller than a payout of say .085?

I can put in deposits all day but only if someone else jumps in too.

I'm 12k77


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Re: BTC Ponzi with PROGRESSIVE PAYOUT - 200% Last Depositor Bonus Activated
by
iwtwe
on 14/04/2014, 16:06:14 UTC
So now that there's a maxed out guarantee and tons of deposits, everyone doesn't want to deposit? That makes a lot of sense. This is literally a perfect round and no one is playing. Payouts aren't based off number of available coins but frequency of deposits. You even get increased payments for every deposit.

Deposit away.





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Re: BTC Ponzi with PROGRESSIVE PAYOUT - 200% Last Depositor Bonus Activated
by
iwtwe
on 14/04/2014, 07:09:48 UTC
I don't know why you would want higher max deposits. If you want to deposit .5 then deposit .02 three times. You actually increase your returns everytime. Low deposits are less risk which means more deposits. The round keeps going and your returns increase. The closer the max and min are closer to each other, the longer the round will last. It's so simple and makes the system actually work.
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Board Games and rounds
Re: BTC ponzi with GUARANTEE - 3.20 BTC paid out in the first 45 minutes
by
iwtwe
on 13/04/2014, 01:46:33 UTC
Btw. guys, I have a GREAT idea from the next round!

I will introduce the concept of the progressive payouts. Let me explain what I mean. At this moment each person gets a return of 1.1 of the deposit amount (110%).

From now on, the first deposit one user makes will have a return of 1.1, the next will have 1.12, the next 1.14, and so on. So every deposit he makes will have a 2% higher payout as the deposit before. Doesn't sound much?

Then look at this example: if one person will deposit 0.05 BTC, and let's assume that he makes 50 deposits of 0.05 BTC each and of course let's assume that he gets paid for every deposit he makes, at the end he will have 3.95 BTC!!!!

Of course many of the deposits he actually pays to himself, but who cares, if you end up with 3.95 BTC with a total investment of 2.5 BTC??? And guys, you don't need to have 2.5 BTC because as you make the deposits and as they get confirmed you will get back your money so you basically can play with your original investment of 0.05 BTC. Of course that's a bit of slow process, if you have enough in your account and afford it, making 50 deposits one after each other is a lot better (because payouts are made in the order of the deposits).



Nice idea. Question though, say I make ten deposits and I get that extra payout  percent. Does it reset after the round times out or does it stack across multiple rounds?
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Re: THE BEST BTC ponzi (with GUARANTEE) - NEW ROUND starts at 12:00 GMT, 9th April
by
iwtwe
on 10/04/2014, 22:15:58 UTC
Hey, I have no clue what you are talking about. What rules have changed since you have made a deposit?

There was absolutely no rule changes during the round. Only thing I have done is that at some point I raised the deposit amount, but that was 2-3 days ago, so I guess that's not what you are talking about.

Ps. strangely I don't even know you btw... probably you haven't made a single deposit, your 1 single post with a new user created on bitcointalk just for this purpose doesn't make you a trusted source of information.

I was wrong about the rule change. I got mixed up so that's on me and I apologize.

I actually have made deposits and lost hundreds of dollars.

Honestly this current system would only work if there were at least 25% of every 100 members making deposits. I'm not talking about 100 deposits, I'm talking about the number of members needed to keep depositing to prevent timeout. There simply aren't enough people actively depositing to have a round timeout after 24 hours. I only count 10 unique deposit addresses on this current round...For example: if you have the current unique 10 depositors and have 100 members registered, that means only 10% of people are actually using the system. With that number of people having rounds time out after 24 hours is just bullshit. You get one guy that deposits .5 twice and then one guy comes behind and deposits .1 then no new payments....the guy who put 1 btc in is screwed. The max/min ratio is the problem. Let me put it this way: if someone who understands how this works only has .1 btc to put in and sees that current payouts require 1 bitcoin in deposits to complete that means they're just not going to bother depositing. The maximum depositors are hurt by the minimum depositors and the minimum depositors are hurt by the maximum depositors. The higher the gap between MIN/MAX deposits the more screwed up the system gets. If they were more even you'd have more deposits because the risk for people using it would be lower. Even out the min/max and prolong the round timeout until more people get involved.
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Re: THE BEST BTC ponzi (with GUARANTEE) - NEW ROUND starts at 12:00 GMT, 9th April
by
iwtwe
on 08/04/2014, 23:57:20 UTC
This entire system is utter bullshit. I love how the rules have also changed since I last deposited. Fuckin' scumbag. I'm glad I only lost 350 bucks. The only reason this would ever work is if it had hundreds of people using it. Right now there's no way it will ever work and the owner is an idiot for branding it using the term "ponzi". I personally won't be depositing anymore coins ever and if you're a new user reading this trying to decide whether to deposit your coins, take my advice and don't. The only reason it got your attention is because it seems too good to be true and right now it is exactly that, too good to be true. This is my warning to stay away.