Something I've been working on. Trying to spread the word. This is how it works:
1. You make a deposit.
2. Someone else makes a deposit.
3. You get paid 150% of your original deposit using the previous depositer's Bitcoin.
Assuming we can get this running mainstream, we can make bank.
>pyramid.com
its so pyramid its actually in the name
just wow
that's the point. it's not fraud if you tell them what's going on.
You'd have to be fucking brain dead to think this is a good idea
This man is a genius.
explain. millions of people use Bitcoin. if you make one deposit, it's basically guaranteed to come back. and unlike typical pyramid schemes, we're not talking huge amounts here. the maximum allowed deposit is $10, meaning worse case scenario, it takes like 15 deposits of $1 to get your deposit back. those are good numbers, especially because not everyone will deposit the minimum amount
show the source code or fuck the hell off. there's a "cash out now" button in there 100%
how stupid do you think p... well whatever, good luck
>Two people put 20 dollars in a hat
>One person takes out 30 dollars
>There's 10 dollars left in the hat
Regardless of the scale, someone's going to get fucked
And that's assuming you don't just cash out everyone's untraceable money and disappear.
Think about what you're saying and realize it makes no sense.
If you deposit $10 (the maximum allowed), it will take 15 deposits of $1 in order to pay you.
But then your contract is fulfilled and removed while the balances of the previous depositors have been drained.
There is no money left for me to withdraw, except for the 25% I cut into in order to make this thing somewhat profitable.
The only way I can make bank from this is if it becomes popular and people trust it. For what it's worth, I'm just using the Blockchain.info API to handle everything.
see
There won't be any money for me to disappear with. it's a continuous process, meaning deposits are constantly being paid out. It is highly unlikely that more than $20 will ever be in the pool at one time.
Anyone who deposits money into this shill deserves to lose it
Literally nothing you described sounds like something I would invest in.
I honestly thought that post you referred to was someone on the side of "this shits a scam"
But it's actually just you explaining how this works.
That's how shitty of a model this is.
>it makes no sense
>i get 25%
if nobody ends up paying the initial deposit you keep it
you can fuck off any time you want even if people *are* paying
I'm not sure I understand what you're saying
nah, that was someone else calling it a scam
>It will take 15 deposits of $1
Why do you say that like it's a good thing
>While the balances of the previous depositors have been drained
Which will be me when someone else gets paid. So again, why are you saying that like it's a good thing
>Except for the 25% I cut
If you're paying someone 150% if their deposit with my deposit, where's this 25% coming from?
>If people trust it
Lol good luck
>person A deposits into your wallet
>nobody pays for A so you keep A's money
>person A deposits into your wallet
>person B deposits into your wallet
>instead of paying person A you fuck off with both their monies
I am *literally* telling everyone that this is a pyramid scheme and you're complaining that it's a pyramid scheme.
>Highly unlikely that more than $20 will ever be in the pool at one time
Once again, why do you say that like it's a good thing?
That's not how this works. A's contract is the only contract valid until A is paid. Once A is paid, B becomes the next contract in queue.
Pyramid schemes don't make us money
They make you money
Why the fuck would I give you my money
would you feel better about it if I raised the maximum deposit to $5,000?
because you'd get 150% of it back for doing nothing
>NOBODY PAYS FOR PERSON A
>YOU GET TO KEEP PERSON A'S MONEY
THATS EXACTLY HOW IT WORKS YOU STUPID MONKEY FUCK
HOW DO YOU EVEN HAVE THE ABSURD NONCHALLANCE TO CHARGE 25% ON TOP OF THAT YOU UGLY MEGA JEW
No lol
What the fuck makes you think anyone would willingly participate in the bottom tier of a pyramid scheme?
You're not understanding how it works.
And I'm paying for all the transaction fees, that's why. Right now, the standard fee for a transaction is literally $1. So, if you deposit $1, and I pay you $1.50 + $1 to transact the BTC, I lose money. So I have to charge enough to cover the transaction fees or the house wallet will be drained to $0.
No I wouldn't lol
You're keeping 25% of every pay out
And if the max deposit is 20 dollars, the pay out would only be 30 dollars, which you keep 25% of
Which means I get 22.50
I made 2.50 on this pay out.
Why the fuck would I bother
how exactly are you paying my transaction fee when I deposit into your wallet, you obviously have no understanding of bitcoin blockchains and/or are blatantly lying to people
No, I'm keeping 25% of every deposit. You misunderstand.
If I send money from my wallet to yours, I have to pay a transaction fee. That's how Bitcoin works.
how do you expect to get your payout? OP has to pay you somehow
more like you deposit 0.001 BTC
OP keeps 25%, which is 0.00025 BTC
OP then waits for more people to make deposits until there is 0.000175 BTC in the house pool and then pays you 0.00015 BTC.
You leave the situation with 150% of your deposit and OP has collected 0.000025 BTC, which right now is worth $0.23.
yeah, this how it works. You can even look at the current contracts on the homepage to see what those who deposited a few days ago are actually expecting to get
In what world is .00015 150% of .001?
How fucking stupid are you
whoops, missed a zero. still, the point stands
Regardless
I can make so much more money by trading stock instead of trusting some pyramid scheme with my money
You realize why they're called pyramid schemes right
Hello Mr. Ponzi. You're not gonna run away with my money.
>thinking you're being smart by calling something a ponzi when it is openly advertised as such
Being open about it doesn't make it less of a scheme lol
The bottom layers of the pyramid don't make the money
The top layer does
That's why they're called pyramid schemes
read the site. there are no "layers" in this setup. It's continuous rather than tiered. the people who deposit today have the same chance of being paid out as people who deposit tomorrow.
Except when you run away with the cash
Let me explain (briefly) how this will work.
1. You send your bitcoin to that BTC address.
The end.
see
This lol
what a great scam, stealing a maximum of $10 before people catch on
>actually think this makes sense
If only one person deposits lol
No one's going to buy into this shit retard
It's fucking stupid
There are so many better ways to make money that aren't 1/10th this risky
Opening a CD at your bank will have higher yield ffs
doubtful. you get what, 2-5% interest? That's only good if you already have a couple hundred grand in your account.
With this, poorfags can make multiple deposits throughout the year and at least eat better fast food occasionally
I'm honestly amazed that you're trying this hard to convince people to buy into this.
It's so obviously a shit investment on our part.
And the CDs may have lower interest rates, but there's no price ceiling. So I can very easily make more money that way than you $10 payout.
All guaranteed and insured.
What happens if you can't pay someone? What do you do about that?
the site stays open until the next person makes a deposit. If it goes several weeks, I'll just pay them myself.
Yeah okay lol
I've got to go to work now.
So good luck finding people stupid enough to give you their money I guess
do it man if we get this main stream Yea Forums can be rich
>the people who deposit today have the same chance of being paid out as people who deposit tomorrow.
Wrong.
It will need more deposits every day, so as long as the grow rate of deposits is below the percentage of "profit", the chances for a successful payout will actually drop until it reaches bottom zero sooner or later.
Good for you that there are countless idiots on this planet. On the other side, idiots probably won't be able to handle bitcoin... idk
The website itself is nice though, good job.
Every single person except one person will succeed from this, literally it could technically go forever
If you want a mlm without risk, just DL pi network. You get the app, it starts mining, and in the future it might be worth something.
>Pi is not mined by app users, it is a pre-mined token
>The App does consume miniscule amounts of power, approx 1-5 cents a year, depending on local prices
That being said: Pi is an interesting project, it is "free" money since token value can not be 0.00 $ and power consumption is negligible. Halfing steps for artificial scarcity are being executed faithfully so far. Thus, the sooner you get in the more you can gain. Nobody knows where Pi will go once it hits exchanges but it's as good a shot as any obscure shitcoin.
If you are interested and appreciate transparency use invite code:
WarioCoin
After only 8 cycles, the number of people needed to complete the transactions surpasses the planet's population.
I have paid OP. I believe in you brah