@bytheseaster said in Burstcoin Doubler:
@Zeus for me it worked,i sent 5 and i got 10,so im fine!
That's called a Ponzi, and a Ponzi its a scam, so as I said, this is a scam ^_^
A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game)[1] is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.
Source: https://en.wikipedia.org/wiki/Ponzi_scheme
I've played before at a Ponzi scheme (didn't knew what it was, back there), and I made money (from 10 usd and ended up with 200 usd). But a gigantic amount of money was stolen, I was just fortunate to end up losing 10 usd as I always sent 10 usd.
How does it work? Someone send money (let's say 10 USD) and someone else send 20 USD, from that 20 usd you get that 200%, now the second user need to wait for the wallet to have 40 usd to receive his 200%, and so on. If this continues, @Joe will have someday an amount of let's say 1000 USD and then he decides to close the account, that amount is stolen and someone (or many users) will lose the money.
Is it possible this is not a scam? No, this is how this game works. Either the site will close because it doesn't get enough to pay the last users (even if it's not true), or the site simply disappear without any notification.
