On: Bitcoin Ponzi scheme

[ilya89]

my thought process is: one large BTC pool. all transactions are feed into the pool. the order of the deposits dictate priority of withdrawal. Owner does not skim the transactions, only makes a large initial deposit and then markets the site like crazy. Big assumption here is that he is running an "honest" ponzi operation.

[thrush → ilya89]

why would he even need an initial deposit? he can simply delay to pay people until enough other people have paid.

[cdcarter → thrush]

So that he can "honestly" take the 20% additional of that first deposit.