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Bitcoin Ponzi scheme

ponzi.io

161–170 of 306 posts

Re: Bitcoin Ponzi scheme

#161

The experiment is over. We will pay back everyone we can. We are not making money from this. And it's down.

People are still sending money in (!?) https://blockchain.info/address/1ponziUjuCVdB167ZmTWH48AURW1...

Paybacks seem to have halted https://blockchain.info/address/1ponziUjuCVdB167ZmTWH48AURW1...

Re: Bitcoin Ponzi scheme

#162
post #157

Website shows they've shut it down. "The experiment is over. We will pay back everyone we can. We are not making money from this."

haha seconds after I send money to it. This is what I was expecting. I was going to see how long I could save that 0.1 return.

Re: Bitcoin Ponzi scheme

#164
post #19

Earlier quoted context omitted.

You do realize that the site is a joke, don't you?

What do you mean a joke? Looking at the blockchain, it seems to be a full fledged, serious, Ponzi scheme. They're taking in BTC and paying it out again to the early investors. EDIT: +1 to ryanjshaw for showing the blockchain: https://blockchain.info/address/1ponziUjuCVdB167ZmTWH48AURW1...

Even though it is a functioning ponzi scheme, it could still be classified as a joke. I'd go so far as to say if you don't see humor in it there might be something wrong with you.

Although there is the legal question. I'm not sure it would be so funny to tell it to a judge.

Re: Bitcoin Ponzi scheme

#165
post #157

Website shows they've shut it down. "The experiment is over. We will pay back everyone we can. We are not making money from this."

Could have let it run its course to actually make it an 'experiment', couple of hours of popularity is a bit too short to shut it down :(

Re: Bitcoin Ponzi scheme

#166
post #158

Earlier quoted context omitted.

cough-bullshit-cough

Well, it seems the experiment is over and they tried to pay back everyone, but have a look at my wallet: http://imgur.com/10nx0DG I sent 0.0012408 + 0.0001 fee and got 0.1199 back... So I just tried again before seeing that it was over and probably will not get anything back from that payment. So, in total, I "lost" 0.0013408*2 and got 0.1199. That's 76$ profit, at current rate anyway!

I don't know why you've gone to the effort of blacking out the other addresses, when the blockchain is public. Here's a definitive proof of the transactions: https://blockchain.info/address/1B45zbsPXDDwoCsY11NGmX7useg1...

Re: Bitcoin Ponzi scheme

#168

The experiment is over. We will pay back everyone we can. We are not making money from this. And it's down.

Here's a cached version: https://web.archive.org/web/20140208200431/http://ponzi.io/

Edit:

With numbers: http://webcache.googleusercontent.com/search?q=cache:http://...

Re: Bitcoin Ponzi scheme

#169
post #114

Earlier quoted context omitted.

Just like Social Security, really.

I mean that fiat will continue to work as long as people believe in it. Social security, now that I think about it, does sound much like a Ponzi scheme.

Populations grow exponentially, and the whole population is required to pay into SS.

Re: Bitcoin Ponzi scheme

#170
post #166
post #158

Earlier quoted context omitted.

Well, it seems the experiment is over and they tried to pay back everyone, but have a look at my wallet: http://imgur.com/10nx0DG I sent 0.0012408 + 0.0001 fee and got 0.1199 back... So I just tried again before seeing that it was over and probably will not get anything back from that payment. So, in total, I "lost" 0.0013408*2 and got 0.1199. That's 76$ profit, at current rate anyway!

I don't know why you've gone to the effort of blacking out the other addresses, when the blockchain is public. Here's a definitive proof of the transactions: https://blockchain.info/address/1B45zbsPXDDwoCsY11NGmX7useg1...

Good point, I guess I'm still new to this, I just bought some BTC from the new Montreal's ATM yesterday. I guess that by blacking out the time or part of the amount I would have made it "uncertain"...

So yeah, point is, it's true, ponzi.io screwed up big time in my favor (and I just got the 6th verification).

And ... it's Saturday, and I've just got some "money" for free booze.

cheers! ;)

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