How does that work exactly? I pay in X BTC and two other people pay in say 0.5 X... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		3rd3 on Feb 8, 2014 \| parent \| context \| favorite \| on: Bitcoin Ponzi scheme How does that work exactly? I pay in X BTC and two other people pay in say 0.5 X and 0.7 X then I get these BTC back? How exactly will my X BTC be distributed among other gamblers?

sp332 on Feb 8, 2014 [–]

You don't get the original money back at the end, you just get the 1.2x BTC that other people gave you.

maxerickson on Feb 8, 2014 | [–]

It's interesting that this is exactly what a 'high risk' mixer looks like.

dzhiurgis on Feb 8, 2014 | | [–]

Or money laundering scheme. Genius idea.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact