- Mar 21, 2013
- 24,764
- 31,552
LOL, I bet some of you have already seen this on Reddit?
http://ponzicoin.co/home.html
Brief summary:
He's already made $2 again LOL
The Reddit thread is amusing https://www.reddit.com/r/CryptoCurr..._decentralized_ponzi/?st=jcuhlsfo&sh=8ae2ee40
http://ponzicoin.co/home.html
Brief summary:
- Guy puts up a joke coin with a real contract
- You deposit money, it doubles every X weeks but if you get out you get only 25%, so you gotta wait for it to gain more than 4X to get out.
- Ponzi algorithm is basically coded into the contract
- Guy receives 22 Ethereum in the first few hours. Made U$ 25000 in couple of hours.
- Freaks out because it IS a ponzi and he will go to jail
- Starts returning everyone's cash as quickly as it rolls in
- But money rolls in faster than it goes out, so he disables JOIN link
He's already made $2 again LOL
The Reddit thread is amusing https://www.reddit.com/r/CryptoCurr..._decentralized_ponzi/?st=jcuhlsfo&sh=8ae2ee40
