who said that I don’t understand the game or how it works? I pretty much described it , and acknowledge that the last person doesn’t receive their money back. my point is more the advertising a “Ponzi” scheme as a game, as if it were truly similar to other games of chance. with dice, cards, or even using your funds to try your luck trading, there are actual odds you can calculate. THAT is a game. this is suggesting people take their coin and throw it in a pot to see if someone else will also take a chance. The thing about Ponzi schemes is that the operator will generally take other deposits, plus their own capital, and give payouts to make it look as if it actually works. then, at some point, people keep putting their funds into it, and are told that the limit wasn’t reached, or some other line. It’s the same with off-shore lotteries as well. Why do you think they a mostly illegal? Just because ONE person lost money?
All I was doing was pointing out that it is a Ponzi, not ‘Ponziesque’ and pointing out some of the extra risk that comes with it. If we were talking about a game of chance like cards, dice, Faro (if you’re into 19th century gambling), or whatever, I wouldn’t have said anything. It’s not like I told peole not to play. I don’t care if you do or don’t, but I think even by advertising it as a Ponzi, you’re telling people that they could just as well be dumping their money into a sinking off-shore gambling site, like the days of Full-Tilt, or what have you. And given it’s a Ponzi scheme, and I even mention that the last person wouldn’t get paid, I’m incredulous at that fact that you didn’t catch the part where I state the obvious. It’s I also do not like the fact that the OP provided no plan for oversight for the players so they can see if someone is skimming and making payouts to people who contribute less and, therefore, only need someone to make a much smaller contribution in order to reach 120% of what they paid, while someone who puts in more coins sits with their thumb up their butt. They whole reason the Ponzi scheme is illegal in many countries is not because of what you’ve described (that’s actually only part of the scheme), but that the operators rob from some contributors, while paying out the smallest winnings to make their operations seem legit.
Don’t assume that because someone questions the motives or the structure that they are somehow ignorant. Don’t let it “blow” your mind. I’ve laid out the risk, and it goes beyond the ‘game’ itself. That’s pretty much it, and last I checked, there were no rules against voicing opinion on these boards. You mistook my analysis as ignorance that at least one person would leave having lost, when I state that very fact. I then go on to make comparisons to other schemes where it actually ends up being more than a few. Just to put it out there, I’m skeptical of most games involving crypto, as I do not trust many operators that deal with it. I’m leery of exchanges, too, some less than others, but so far has had at least one problem or another with each I’ve used. Everything is at your own risk in the world of crypto-currency, and it doesn’t take a game to learn that. So, pull the blown pieces of your mind back together