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Reminds me of a scam in a game called Ultima Online I saw where someone would pretend to be an NPC and say 'I shall double thy gold if ye trust me' and if you g

• Unknoob 7y ago
  The doubling gold is also famous in Runescape, but they don't pretend to be an NPC, just someone doubling gold for free. I usually did it once with a low amount and then stopped so I always came out on top.
• AstralStorm 7y ago
  Ah, Martingales, classic scam.
• panarky 7y ago
  Years ago when one Bitcoin was worth less than $20, individuals would run doubling games on shared Google spreadsheets. The operator would publish a Bitcoin address and the spreadsheet. Participants would send whatever amount of Bitcoin they wanted to this address. The operator would add deposits to the spreadsheet in the order received. Starting from the top of the list, as soon as the total deposited was enough to double the first deposit, the operator would send double the amount to that participant. Then when total deposits grew enough to double the second deposit, it was paid out. This continued until there weren't enough new deposits to double the next in line. Could be illegal, but it's definitely not a scam because everyone could see from the beginning that the pyramid must eventually collapse. Many of these games were actually called "Ponzi" in the name of the spreadsheet. Some of these games ran a surprisingly long time, months in some cases. And in the games I played, the anonymous operator never pulled an exit scam. They profited naturally when deposits eventually dried up and the remainder was their reward.