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RE: Bankroll | The Final ROI Contract UPDATE #1
Ok, so...
At first glance, it appears their proposition is to pay out 3.33% of deposits daily, while limiting withdrawal amounts...
How is this not a Ponzi scheme?
If you can provide any “for dummies” type basic summary, that’d be great, as the website doesn’t appear to make much sense...
There are many ways this differs from traditional ROI contracts. Will it and eventually? Yes, probably. But this is one of the only contracts that has numerous features to prolong it as long as possible. Happy to address any specific questions you may have. The two major differences, this has a credit ceiling so large Deposits cannot come in and drain the contract. The other will be in my next update that will include the addition of a "dice game" That will fund of the treasury and ultimately make it a more deflationary structure. Bottom line, you make your money back In about 33 days, so as long as the contract can last longer than that it's worth doing.
Sounds like a pretty scammy, insecure proposition to me.
Doubly so when the term “basic income” is being thrown into the picture.