Round 1 is closed because more than 12 hours passed after @kurtbeil 's deposit of 30 STEEM
User @kurtbeil collected The Round Jackpot and user @anarchyhasnogods started Round 2 with his deposit! All the remaining funds from Round 1 were transferred to Round 2!
We are sorry for the users that did not double their STEEM in this round. TIP: Next time don't let the round to close before you double your STEEM! You can extend the round with 12 hours just by depositing 10 STEEM.
If you are spreading the word about the game the next deposit from other users will come soon! Don't just deposit and wait, try to bring more users in the game!
Game Report #03:
Round #: Round 2
Status: Running
Total STEEM Deposits: 130 STEEM
Total Doubled STEEM: 200 STEEM
The Round Jackpot: 13 STEEM
First deposit: @anarchyhasnogods - 2017-03-12 14:13:09 UTC ( ≈ 6 hours ago)
Last deposit: @anarchyhasnogods- 2017-03-12 21:03:54 UTC ( ≈ 20 minutes ago)
If no valid deposit is received in maximum 12 hours from the last deposit (by 2017-03-13 09:03:54 UTC), Round 2 is closed and user @anarchyhasnogods wins The Round Jackpot - 13 STEEM
All the information is valid at the time this post was created.
How to enter:
Send minimum 10 STEEM and maximum 100 STEEM to @steemdoubler to enter the current round. You will receive 2 X your STEEM deposit when @steemdoubler collected enough STEEM to double your deposit.
Rules:
- anyone can send between 10 and 100 STEEM to @steemdoubler. Each player can send multiple deposits in one round.
- The owner of the first deposit will receive 5% of all the deposits in current round.
- 10% of each deposit goes to The Round Jackpot
- 80% of each deposit goes to the roud ballance and is used to double previous deposits in the order they were received.
- @steemdoubler collects 5% of each deposit
- If no new deposit (of minimum 10 STEEM) is received for 12 hours (from the last registered deposit), the round is over and the last user that deposited will receive all the funds from The Round Jackpot. All the doubling activity for this round will stop and a new round will start as soon as a new deposit is received.
- @steemdoubler will consider any deposit under 10 STEEM as a donation for supporting the game
- @steemdoubler will refund any deposit over 100 STEEM (if it has no special mention).
Follow @steemdoubler to get the next game report.
Please resteem and upvote our posts to increase the exposure and to help the game dynamics.
@steemdoubler is using the blockchain transparency for this game. You can verify all the deposits, payments and game status in our wallet.
Enjoy your doubled STEEM!
Ah...So this IS a PONZI SCHEME, use peters money to pay paul, but it's STEEM the depositors stand to LOSE if the deposits sudenly stop. In the real world most countries say PONZI type schemes are illegal. It's all great until the deposits stop and the last depositor doesn't get back his full STEEM, only what's available in the round jackpot. The creator always takes it's 5% though. Is it worth the risk?
If you know how much you want to risk you can play it. The rules are clear so it depends on you if you want to participate or not. Sometimes it is fun to play a ponzi, if you know you can attract more deposits...
You should make it clear that participants stand to lose their steem if they went in late in each round as its imposible to double their deposits. At first i thought the doubling was continues. Had I known it from the start, I would not have participated in this scam....
Hi! I am a robot. I just upvoted you! Readers might be interested in similar content by the same author:
https://steemit.com/steemdoubler/@steemdoubler/double-your-steem-with-steemdoubler-round-01-start
This is very interesting. Anything to help boost enthusiasm for STEEM is appreciated. All the best to @steemdoubler team & players!
is this automatic?
No. Payments are processed from time to time by one human operator! The maximum processing time is 10 hours!
tbh we could make an entire ponzi gameplace on steem
I think we could work together to get this automated and then add others at one point
Automation would be awesome. Do you have any idea on how to do it?
I heard there is python docs for the steem block chain and both myself and a friend are really good with python I'm sure we could make it work and I have a miner in my basement that I can run it from 24/7 basically for free. I've seen tons of ponzi dapps for eth so I have lots of ideas. (I have been looking forward to a chess betting game too..... I think a lot of people here would like that ;) )
Sounds good!
So my deposit from round 1 is lost? Or does it still have a chance of getting doubled?
Yes, your deposit is lost. Sorry!
You should have explained it from the start. We thought it was continues. This is a scam
Yeap it's a ponzi just wanted to see it, especially since one person can have multiple accounts and it's way to easy to rig it .
how could you rig it lol
Flagged for Ponzi scheme if you can show other wise I will gladly remove flag!👍
ponzis are only bad when you lie about them being a ponzi m8
remove your flag
You are right! This type of game is called Ponzi because many users will LOSE the investment. All we can say is that we will follow the game rules. If you know the game rules it is your decision if you want to participate or not. In the next report we will warn all the readers about that!