Ponzi Games are getting interesting, but as well as it is getting risky. Operators are keeping things hazy to the investors. As a coder I am preparing to launch a provably fair ponzi game. Would like to know what are the points people are suggesting to cover so that we can minimize the risk as well as make it provably fair and interesting.
I think this topic is fascinating. Ponzi schemes are, as previously discussed on this thread, fraudulent investment schemes, where new investors bring in the capital that is used to pay earlier investors. That continues only until new investors become scarce. Bernie Madoff may have set records in this area.
Ponzi games, the subject header says, and the posts in this thread seem to suggest, are different, in that the intention of the activity is not to pretend that you are investing, but to indicate that you are playing a game. So, then, what is the game?
For a game to be "provably fair" people would have to know the rules of the game. For example, there is the game "21" or "blackjack" which is a card game played at casinos, online, and in private settings. The rules are detailed, and whether the dealer has to "hit" on sixteen or seventeen makes a difference. Whether there are 52 cards in the show, or six times as many, makes a difference. Whether card counting is permitted (in a meat-space casino, typically not) makes a difference.
I've seen high yield income programmes (HYIPs) come and go. Mostly, they go before the latest players get much fun out of them. So, if one is to evaluate a game and try to say whether it is fair, someone needs to go over the rules.