Bitcoin Forum

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What happens if I invest 1000 ETH and the five people after me each only invest 0.05 ETH?


I think this claim would not work?

You get paid 3% every single time, after each investor. The contract gets triggered after each deposit.

So that means that you earn 15% profit after the 5 investors, that is sent to you instantly.

Until the Balance is higher than 0 , payments will go out!

And it is sustainable for the long term.

3% of 0.5 ETH or 3% of 1000 ETH?

3% of the 1000 ETH, every one gets 3% of the money they invested.

Every 25th investor earns 9%, that is the jackpot position.

This is awesome, i`m gonna buy ethereum soon and invest in this :D

So you are saying that I will earn 3% on my investments every time somebody else deposits ?

Interesting, i`m getting paid tomorrow, so i`ll just buy ethereum and invest in this.

I would like a ethereum income for myself, and this looks perfect.

----------------------------------------------------------------------------------------

Op does this mean that i will earn from this forever??

Yes, you will earn 3% everytime somebody deposits after you, which will last forever!

where I put my wallet address? ???

How is the payout hierarchy?

Are people who deposited first, being paid first?

Can you explain a bit better? Where is the ETH coming from?

user 1 deposits 100 ETH to the address (nowholding 100 ETH) we have to pay 0 users 3 ETH, so we substract 0 from 100, so the address now holds 100
user 2 deposits 100 ETH to the address (nowholding 200 ETH) we have to pay 1 users 3 ETH, so we substract 3 from 200, so the address now holds 197
user 3 deposits 100 ETH to the address (nowholding 297 ETH) we have to pay 2 users 3 ETH, so we substract 6 from 297, so the address now holds 291
user 4 deposits 100 ETH to the address (nowholding 391 ETH) we have to pay 3 users 3 ETH, so we substract 9 from 391, so the address now holds 382
user 5 deposits 100 ETH to the address (nowholding 482 ETH) we have to pay 4 users 3 ETH, so we substract 12 from 482, so the address now holds 470
user 6 deposits 100 ETH to the address (nowholding 570 ETH) we have to pay 5 users 3 ETH, so we substract 15 from 570, so the address now holds 555
user 7 deposits 100 ETH to the address (nowholding 655 ETH) we have to pay 6 users 3 ETH, so we substract 18 from 655, so the address now holds 637
user 8 deposits 100 ETH to the address (nowholding 737 ETH) we have to pay 7 users 3 ETH, so we substract 21 from 737, so the address now holds 716
user 9 deposits 100 ETH to the address (nowholding 816 ETH) we have to pay 8 users 3 ETH, so we substract 24 from 816, so the address now holds 792
user 10 deposits 100 ETH to the address (nowholding 892 ETH) we have to pay 9 users 3 ETH, so we substract 27 from 892, so the address now holds 865
user 11 deposits 100 ETH to the address (nowholding 965 ETH) we have to pay 10 users 3 ETH, so we substract 30 from 965, so the address now holds 935
user 12 deposits 100 ETH to the address (nowholding 1035 ETH) we have to pay 11 users 3 ETH, so we substract 33 from 1035, so the address now holds 1002
user 13 deposits 100 ETH to the address (nowholding 1102 ETH) we have to pay 12 users 3 ETH, so we substract 36 from 1102, so the address now holds 1066
user 14 deposits 100 ETH to the address (nowholding 1166 ETH) we have to pay 13 users 3 ETH, so we substract 39 from 1166, so the address now holds 1127
user 15 deposits 100 ETH to the address (nowholding 1227 ETH) we have to pay 14 users 3 ETH, so we substract 42 from 1227, so the address now holds 1185
user 16 deposits 100 ETH to the address (nowholding 1285 ETH) we have to pay 15 users 3 ETH, so we substract 45 from 1285, so the address now holds 1240
user 17 deposits 100 ETH to the address (nowholding 1340 ETH) we have to pay 16 users 3 ETH, so we substract 48 from 1340, so the address now holds 1292
user 18 deposits 100 ETH to the address (nowholding 1392 ETH) we have to pay 17 users 3 ETH, so we substract 51 from 1392, so the address now holds 1341
user 19 deposits 100 ETH to the address (nowholding 1441 ETH) we have to pay 18 users 3 ETH, so we substract 54 from 1441, so the address now holds 1387
user 20 deposits 100 ETH to the address (nowholding 1487 ETH) we have to pay 19 users 3 ETH, so we substract 57 from 1487, so the address now holds 1430
user 21 deposits 100 ETH to the address (nowholding 1530 ETH) we have to pay 20 users 3 ETH, so we substract 60 from 1530, so the address now holds 1470
user 22 deposits 100 ETH to the address (nowholding 1570 ETH) we have to pay 21 users 3 ETH, so we substract 63 from 1570, so the address now holds 1507
user 23 deposits 100 ETH to the address (nowholding 1607 ETH) we have to pay 22 users 3 ETH, so we substract 66 from 1607, so the address now holds 1541
user 24 deposits 100 ETH to the address (nowholding 1641 ETH) we have to pay 23 users 3 ETH, so we substract 69 from 1641, so the address now holds 1572
user 25 deposits 100 ETH to the address (nowholding 1672 ETH) we have to pay 24 users 3 ETH, so we substract 72 from 1672, so the address now holds 1600
user 26 deposits 100 ETH to the address (nowholding 1700 ETH) we have to pay 25 users 3 ETH, so we substract 75 from 1700, so the address now holds 1625
user 27 deposits 100 ETH to the address (nowholding 1725 ETH) we have to pay 26 users 3 ETH, so we substract 78 from 1725, so the address now holds 1647
user 28 deposits 100 ETH to the address (nowholding 1747 ETH) we have to pay 27 users 3 ETH, so we substract 81 from 1747, so the address now holds 1666
user 29 deposits 100 ETH to the address (nowholding 1766 ETH) we have to pay 28 users 3 ETH, so we substract 84 from 1766, so the address now holds 1682
user 30 deposits 100 ETH to the address (nowholding 1782 ETH) we have to pay 29 users 3 ETH, so we substract 87 from 1782, so the address now holds 1695
user 31 deposits 100 ETH to the address (nowholding 1795 ETH) we have to pay 30 users 3 ETH, so we substract 90 from 1795, so the address now holds 1705
user 32 deposits 100 ETH to the address (nowholding 1805 ETH) we have to pay 31 users 3 ETH, so we substract 93 from 1805, so the address now holds 1712
user 33 deposits 100 ETH to the address (nowholding 1812 ETH) we have to pay 32 users 3 ETH, so we substract 96 from 1812, so the address now holds 1716
user 34 deposits 100 ETH to the address (nowholding 1816 ETH) we have to pay 33 users 3 ETH, so we substract 99 from 1816, so the address now holds 1717
user 35 deposits 100 ETH to the address (nowholding 1817 ETH) we have to pay 34 users 3 ETH, so we substract 102 from 1817, so the address now holds 1715
user 36 deposits 100 ETH to the address (nowholding 1815 ETH) we have to pay 35 users 3 ETH, so we substract 105 from 1815, so the address now holds 1710
user 37 deposits 100 ETH to the address (nowholding 1810 ETH) we have to pay 36 users 3 ETH, so we substract 108 from 1810, so the address now holds 1702
user 38 deposits 100 ETH to the address (nowholding 1802 ETH) we have to pay 37 users 3 ETH, so we substract 111 from 1802, so the address now holds 1691
user 39 deposits 100 ETH to the address (nowholding 1791 ETH) we have to pay 38 users 3 ETH, so we substract 114 from 1791, so the address now holds 1677
user 40 deposits 100 ETH to the address (nowholding 1777 ETH) we have to pay 39 users 3 ETH, so we substract 117 from 1777, so the address now holds 1660
user 41 deposits 100 ETH to the address (nowholding 1760 ETH) we have to pay 40 users 3 ETH, so we substract 120 from 1760, so the address now holds 1640
user 42 deposits 100 ETH to the address (nowholding 1740 ETH) we have to pay 41 users 3 ETH, so we substract 123 from 1740, so the address now holds 1617
user 43 deposits 100 ETH to the address (nowholding 1717 ETH) we have to pay 42 users 3 ETH, so we substract 126 from 1717, so the address now holds 1591
user 44 deposits 100 ETH to the address (nowholding 1691 ETH) we have to pay 43 users 3 ETH, so we substract 129 from 1691, so the address now holds 1562
user 45 deposits 100 ETH to the address (nowholding 1662 ETH) we have to pay 44 users 3 ETH, so we substract 132 from 1662, so the address now holds 1530
user 46 deposits 100 ETH to the address (nowholding 1630 ETH) we have to pay 45 users 3 ETH, so we substract 135 from 1630, so the address now holds 1495
user 47 deposits 100 ETH to the address (nowholding 1595 ETH) we have to pay 46 users 3 ETH, so we substract 138 from 1595, so the address now holds 1457
user 48 deposits 100 ETH to the address (nowholding 1557 ETH) we have to pay 47 users 3 ETH, so we substract 141 from 1557, so the address now holds 1416
user 49 deposits 100 ETH to the address (nowholding 1516 ETH) we have to pay 48 users 3 ETH, so we substract 144 from 1516, so the address now holds 1372
user 50 deposits 100 ETH to the address (nowholding 1472 ETH) we have to pay 49 users 3 ETH, so we substract 147 from 1472, so the address now holds 1325
user 51 deposits 100 ETH to the address (nowholding 1425 ETH) we have to pay 50 users 3 ETH, so we substract 150 from 1425, so the address now holds 1275
user 52 deposits 100 ETH to the address (nowholding 1375 ETH) we have to pay 51 users 3 ETH, so we substract 153 from 1375, so the address now holds 1222
user 53 deposits 100 ETH to the address (nowholding 1322 ETH) we have to pay 52 users 3 ETH, so we substract 156 from 1322, so the address now holds 1166
user 54 deposits 100 ETH to the address (nowholding 1266 ETH) we have to pay 53 users 3 ETH, so we substract 159 from 1266, so the address now holds 1107
user 55 deposits 100 ETH to the address (nowholding 1207 ETH) we have to pay 54 users 3 ETH, so we substract 162 from 1207, so the address now holds 1045
user 56 deposits 100 ETH to the address (nowholding 1145 ETH) we have to pay 55 users 3 ETH, so we substract 165 from 1145, so the address now holds 980
user 57 deposits 100 ETH to the address (nowholding 1080 ETH) we have to pay 56 users 3 ETH, so we substract 168 from 1080, so the address now holds 912
user 58 deposits 100 ETH to the address (nowholding 1012 ETH) we have to pay 57 users 3 ETH, so we substract 171 from 1012, so the address now holds 841
user 59 deposits 100 ETH to the address (nowholding 941 ETH) we have to pay 58 users 3 ETH, so we substract 174 from 941, so the address now holds 767
user 60 deposits 100 ETH to the address (nowholding 867 ETH) we have to pay 59 users 3 ETH, so we substract 177 from 867, so the address now holds 690
user 61 deposits 100 ETH to the address (nowholding 790 ETH) we have to pay 60 users 3 ETH, so we substract 180 from 790, so the address now holds 610
user 62 deposits 100 ETH to the address (nowholding 710 ETH) we have to pay 61 users 3 ETH, so we substract 183 from 710, so the address now holds 527
user 63 deposits 100 ETH to the address (nowholding 627 ETH) we have to pay 62 users 3 ETH, so we substract 186 from 627, so the address now holds 441
user 64 deposits 100 ETH to the address (nowholding 541 ETH) we have to pay 63 users 3 ETH, so we substract 189 from 541, so the address now holds 352
user 65 deposits 100 ETH to the address (nowholding 452 ETH) we have to pay 64 users 3 ETH, so we substract 192 from 452, so the address now holds 260
user 66 deposits 100 ETH to the address (nowholding 360 ETH) we have to pay 65 users 3 ETH, so we substract 195 from 360, so the address now holds 165
user 67 deposits 100 ETH to the address (nowholding 265 ETH) we have to pay 66 users 3 ETH, so we substract 198 from 265, so the address now holds 67
user 68 deposits 100 ETH to the address (nowholding 167 ETH) we have to pay 67 users 3 ETH, so we substract 201 from 167, so the address now holds -34
user 69 deposits 100 ETH to the address (nowholding 66 ETH) we have to pay 68 users 3 ETH, so we substract 204 from 66, so the address now holds -138

What do you mean, i dont understand


Yes, the order of payment is the order of deposit.

The those that deposited first get paid first, and so it goes on.

But everyone gets paid  after more people deposit.


Deposit amounts arent equal, and after the balance goes to 0, which will be very far in the future, it just pauses the system until more people deposit.

So if the system has to payout 100 ether to an investor in the line and there is only 10 ether in balance, then it waits for another 90 ether, and then it will be paid out

You can track deposits/payouts here:
https://etherscan.io/address/0xdcb13FA157eeBF22dDC8C9aA1d6E394810De6FA3

to which direction wallet will deposit me the ether ???

Yes that is what i thought, it's awesome, can't wait to invest in this ;)

The profits will be sent back to the address you deposited from

You can see all transactions here, everyone got paid:
https://etherscan.io/address/0xdcb13FA157eeBF22dDC8C9aA1d6E394810De6FA3#internaltx

Ok thanks, tomorrow i`ll invest after i buy some eth, it will be exciting!

This is wrong!

If I deposit 1,000 ETH right now, and then deposit 0.05 ETH 1,000 times from different accounts, my 1,000 ETH deposit will have been paid out 3% 1,000 times, or 30,000 ETH. Where is this money coming from?

Assuming my 1,001 deposits are the only accounts in the piggybank, that means only 1,050 has been collected yet 30,000 + %s for all the 0.05 accounts are being paid out.

The money comes from new investors, so make sure you invest early, we are before the 25th investor.

If you get the 25th spot, then you will earn big time.

We will have 1000+ deposits, so every early investor will make big bucks!

Please help me i sent my eth from poloniex.
Is the contractl just send my eth back to polo cold storage?  ???

I sent 0.47 Ether and I have is error:Warning! An error occured during contract execution. Out Of Gas  Transaction  0x3a9c5b6325f128f11c6f5edb0d38bd3256c734526704292006fb693b60fcf270  (ready I use the wallet Jaxx andoid and there no problem  ;D :) )

 interesting, nice system.

i`ll gonna buy ethereum soon and invest in this.

noobhelper178 please report that ethereumwallet It doesn't work, if you can not use the Wallet Ethereum official, Jaxx Wallet Android works good, also this the  version Jaxx Wallet IOS, Jaxx Wallet Windows and Linux, please excuse my English ;D

Smart idea. The only way this will continue to work forever is if everyone promotes this.

The more you promote it, the more you will make in the long run because you constantly need new investors... Hopefully Eth Piggybank gets a website and some youtube videos explaining the process to new people.

I see many Eth ponzis coming in the future, but there will only be a few successful ones.

I have a question for the creator, so if one were to make multiple deposits from the same ETH address, the contract would pretty much send you 3% multiple times on each of the different initial deposits is that correct?

is this the same as piggy coin?

AFter seeing full concept and reply , if their is no more investor then what will happen to the investor who have invested their ETH.

Most of the reply are from Newbies , this is smelling some fishy i think, and even one of the user gave a full details about the investment and it is clear that in on certain point your bank will become negative,

So now i am confirm that this is a scam scheme to scam user.

Beware users who ever is going to invest it. its a ponzi scheme to scam.

It is indeed a Ponzi, but that doesn't necessarily mean it's a scam.
The contract is viewable by the public.

You must realize that the Ponzi is fully automated, therefore as long as new investors come in everyone will get their money.

If no new users come in, the users who've already invested will not receive anything until new investors come in. That's how a Ponzi works. It takes full cooperation of everyone, and trust in the contract.

That's why I said that those who wish to continue to profit from the Piggybank should consider doing their part in introducing new investors.

Sorry, there is nothing I can do, i cant touch the contract, that is why it's transparent.

The profit was sent back to poloniex's address, so better contact them to get your coins.


Need to send more gas, just send bigger fees, or use the Mist wallet.


Mist wallet works, i used it to create it, and test it, it works fine, just add higher fee's if it's rejected:

https://github.com/ethereum/mist/releases


Yes.

You send  1 ether , you get  0.03 ether

You send again 5 ether , you get 0.15 ether

After 2 deposits you will earn 0.18 ether, forever after people after you deposit!

No, i dont know what is that.


No, all the balance will be paid out eventually.

There are some contracts that have bad programmers, and programmed their contracts that the funds are locked there forever.

This is not the case with PIGGYBANK, i have tested the code rigurously, and it works perfectly, the balance will be paid out after a while.


Yep, i have no control over it at this point, that is why it's transparent.

That is how ethereum works, so you dont need to trust me, only trust the code, which you can review anytime.

Wow it's insane, i am  getting paid big time, i deposited a couple of hours ago and already made 130% profit, all paid to my address :D

Thank you OP for making this investment game!  ;D

you need to use

https://www.myetherwallet.com/#offline-transaction    not send transaction

for sending eth to contract, you must use https://www.myetherwallet.com/#offline-transaction

interseting game  ;)

will send some eth

The OP and friends are the only ones that stand to make anything because if you dont do "YOUR part" which is scamming more suckers. then you will lose your invest.. How is this good image for ethereum??  And why cant you put your time to good use instead of always trying to make a cheap dollar??  

Best Regards
d57heinz

What do you mean by eventually? I have only been paid out once, and I was one of the early investors. Where are my other payouts?

OMG, this game has become very popular.

I just got my payment, and have bought 10 BTC with it, now i`m gonna buy ETH and invest in Piggybank.

I regret that i could not invest earlier, but now i`m ready to make big money  8)

I would advise not investing until OP clarifies why I have not received my other payouts.

It's not a scam.

https://45.media.tumblr.com/7f6631f52b52d6de017d8e3673c604e2/tumblr_mwxetuLvEF1t2livto1_250.gif

Since you feel this is a "scam", provide valid proof.
Show me where in the ethereum contract there is a scam.

This is a public, automated, contract on the ethereum system, therefore if it were a scam you should easily be able to identify it.

I message the developer... in where i deposited ether 15hours ago and it shows on log!  Around 10 minutes later has a log saying  that it sent me 3% of my initial investment  but i didnt received nothing on my wallet.

Since my initial investment i guess over 25 new people invested on Piggy Bank or even more... and even so nothing was sent to my wallet...

I have only received one payout, but ever since then I have not received anything. I advise people not to invest until op clarifies this.

FYI, the code on this seems broken. Also OP didn't mention the fee he gets.

It says that the Contract of the 3% that was sent to me was cancelled....  Either way many others have signed after me and i should have received 3% each investor right ?  so its not working...

GUYS! Do not invest in this until op answers why this address is taking most of the profit funds from the contract:

Address: 0xf303bde76a36411b7c0459efdd2e5f7069964203

That address has only deposited 0.51 Ether, and it's receiving mostly all the profits from the contract.

 
Here's the etherscan website to check it out yourself. OP can you explain this?

https://etherscan.io/address/0xf303bde76a36411b7c0459efdd2e5f7069964203#internaltx

Finally it's someone had seen. Guys is better to use proven doublers

Small queue, tested code, honest developers.


http://rubixi.wix.com/hello

http://eth-eth.com/

http://double-ethe.rhcloud.com/

http://protect-the-castle.ether-contract.org/

trying to use this as an example to learn how contracts work.

I believe i've identified the problem in the contract, but i would love to hear from someone who actually knows.


I think the problem is this line:

total_inv is always going to be 0.

so this basically never runs. the only investor that is paid is at id 0, the first investor. ie: the owner.

Can someone else confirm?

Thats nonsense, you cant read the code, the total_inv is set to the lenght of the investors array, which is scaling after each contract execution by +1.

Read it again:

noobhelper178, i msg you so how come i invested 16hours agoo and the only 3% sent to my wallet got Contract Cancelled ?  If the ether address received my fund it should return the investment....


ANd whyAddress: 0xf303bde76a36411b7c0459efdd2e5f7069964203   is receiving 99% of the deposited ether?

so the reason more people are not getting paid is because most of the money is being paid to the owner in fees?

0xf303bde76a36411b7c0459efdd2e5f7069964203

https://etherscan.io/address/0xf303bde76a36411b7c0459efdd2e5f7069964203#internaltx


what's left goes to the first few investors, then amount becomes too low and stops the loop, making later investors get nothing?

is amount/33 really 3%?

Just trying to understand how this all works.

Is there a way to edit the contract?

Doc, that should be an option to reset contracts like these and refund all transactions once proven its a scam... 

Only by asking every wallet involved if they want to reset, within a certain % agrees it should proceed and refund...

Since ethereum are SMART contracts this should be a option and would bring more safety to users...

I totally agree, if there was a way to edit/reset contracts, I believe there would be less scams.

I just lost about roughly 64 Ether.  :-\

I lost a bit also!!!

Dont worry theres a thing kalled KARMA in life...

He got 295Ether but life will take 600 ether from him in different events in his life! :)

Since most of the ether are all stored in one account it would be nice to retrive them tho, or even block it from using it...

https://38.media.tumblr.com/b3a1fff7266bde389ab98156abe64665/tumblr_inline_myf4mbEYpH1r9wp9n.gif


Wow can't believe I got scammed out of my Eth, and I actually defended this guy.  I'm poor and can barely afford food, thanks a lot.



If this is an honest mistake in your coding, refund those who lost, and redo the Piggybank contract. Simple as that.
You'll make more money in the long run being honest than running off with our crumbs.

you probably sent too small gas, try again with higher gas


no, first me and the investors get paid, but everyone in the loop gets paid, by the order they invested

the balance currently is low, so that is why later investors will get delayed payments, but after the balance gets high, they will get paid


if there would be then it would not be transparent


it's open source ffs, how can it be a scam?

you can see the code right there

you didnt lost it, you will earn eth after more people invest

you didnt got scammed, you will be paid out after more people join


Seriously guys, this contract lives on the blockchain forever, so just wait a few hours and days and everyone will be paid.

The faster you invested the faster you will get paid, but after some time everyone will be!

---

Just make sure you dont throw away your current address, and then just wait, everyone will be paid!!!

https://38.media.tumblr.com/b3a1fff7266bde389ab98156abe64665/tumblr_inline_myf4mbEYpH1r9wp9n.gif




Well maybe it's not a scam.... I'll wait a few days and see what happens before I jump to conclusions.

This is a great idea, I just hope the coding is 100% right, and people continue to participate.




I'll keep everyone updated.

noobhelper178,

the thing is that most of Ether are going to only one wallet 'https://etherscan.io/address/0xf303bde76a36411b7c0459efdd2e5f7069964203' and not coming out of it.... So your fee is like 90% of deposited ether.... As you can see people deposited allot and almost all went to that wallet wich only invested 0.5ether, and not to other investors... So only one account 'yours' is profiting...  Why is that ?

And after i sent the ether 18hours agoo the contract tried to pay me 3% but the contract got canceled so i didnt even received the first 3%...

After my deposit we had over 30-50 new deposits in wich your claim is that each deposit investors would receive 3% wich isnt happening

i Messaged you the contract that was suppose to pay me 3% and got canceled, and got no response.

The main thing is that all the ether is going out to 0xf303bde76a36411b7c0459efdd2e5f7069964203  and not to other investors...

i believe ya, i already got paid 10+ times since i deposited hours ago

the money just comes to my address automatically, so it works, and i`m very happy :D

yea, i already got paid many times

so as the OP said, the contract is uploaded there forever, so i think the money will come automatically just like it does to me after a while.

maybe wait a few hours, because there are many participants already so it may be some delay, but the system is there forever so you have nothing to lose by just waiting a bit more

Well, if it's you and the investors getting paid why didn't you include that in the beginning?

Also, the profit only goes to one account, which is the owner of the contract, which I believe is you.

You state to review the code, but people have reviewed the code, as stated in previous comments, and prove the code is broken.

To be frank man, do everyone a huge solid, return their funds, redo the contract from scratch, have someone else review it other than yourself, and earn some eth the correct way.

No, the problem is you are most likely op, but with a different account. There is only one address that has been getting the profit, and it is the same address that created the contract, which is noobhelper (op).

Yep its a scam... he transfered most funds to other final accounts already, one with over 11.000 ethereum...

https://etherscan.io/address/0x120a270bbc009644e35f0bb6ab13f95b8199c4ad

Its stupid because if he let things run smooth for the time it was supposed he would get much more money from it as others would advertise the system...  Tho he scams people in 1 day, run with few ether and dont earn anything else...

Theres no way others can make money if the contract transfers 99% of the ether to his own account.

He could use the time to do something usefull other than scam...

I bet he is the one that transfer most funding from outsorced wallets to make people think others are really getting paid.

Remember Scammer the Karma can come into several ways ! Just wait for it!

Prove it with blockchain link scammer

The only way everyone gets paid if some other idiot comes along and deposits 1000's of ETH. The contact is flawed.

Do not deposit any more money to this scammer.

This is what you get for trusting a noob... not even a noob, just a helper to one.. noobhelper178

idk what you are talking about guys, i`ve got my 3rd payment already and it keeps coming

I cant believe what i`m reading, how it is a scam if it's open source??

You must be the alt account of one of my competitors. There are many ethereum doublers, and probably you are a jealous competitor!!!

Watch here realtime how payments are sent out:
https://etherscan.io/address/0xdcb13FA157eeBF22dDC8C9aA1d6E394810De6FA3#internaltx


I think my jealous competitors try to discredit me, because the payments are still going out!

I have received only 1 payment for 24 hours (3%), while your address receives payments always. All new investors get 3% and then - nothing, but your address is always gets coins from new investors - only your address and 3% for new investors. What about old investors? So, what do you say?

Yes... i also sent one transfer 20 hours ago but i didnt received nothing...

On the etherscan says that right after my transfer the contract tried to send me 3% but the contract transfer was cancelled 'error'....

This is a scam only group... they must be doing all kind of scams into stealing crypto from others.

The last funding where all 0.05 ether and most at the same time as they want others to think people are still depositing...

They transfer most ether to the owner wallet and after to several wallets before sending to a main wallet:

https://etherscan.io/address/0x120a270bbc009644e35f0bb6ab13f95b8199c4ad

So he could return all the ether to scammed ones here or people could even track those scammers since it left tracks...

The facts are in the blockchain. None of the investors are getting paid, only your account, which only invested 0.051 Ether in the beginning.

In none of the transactions does the loop ever make it past the first few investors, and never will.

in most transactions the investor data is empty:
etherAddress →  empty
amount →  0

https://etherscan.io/tx/0xd1c7d611e745d0c48fe80acf0367448402f8dbbc93d6fedab76ecc5c90e5f5df#internal
if the contract was working as advertised, i would expect there to be more than 2 outputs each time there was a transaction, so it could be paying out all of the other investors.

Since it pays out investors starting with the owner, the balance runs out before it can ever pay the newest investors. this is a scam.

Waiting for you to prove me wrong newbie.

Yeah I agree this one seems scammy. I did get 5 or 6 payouts(.015) early yesterday, nothing since, yet he is get many payout of 2-9eth for one little deposit.

Edit: also 3 of my payouts ran out of gas so I probably didnt get them.

ok so the line that breaks this contract is:


each transactions that comes in is adding to the fees from all of the previous transactions and taking that out of the new deposit leaving very little left to be paid out to investors.

the fees are compounded each transaction instead of calculating 3% of just this transaction.

if it was just

then it would be calculating the correct 3% fee and there would be a lot more money to distribute to all of the investors.


bullshit. scam.

Just look how much the owner made

0xf303Bde76a36411b7c0459EFDD2e5F7069964203

Ok here is your proof:

LATEST DEPOSIT:  (14.97)

https://www.etherchain.org/tx/0x6605658e2a9d852e0fd98f32735bd92e1a62e8968ca0142bf64953b26c43ef2c

LATEST PAYOUT FROM THAT DEPOSIT:  (9.95)

https://www.etherchain.org/tx/0x8f6bb1406be65d15880611fe0e8ec8920145fc634c7f6fdb15da4850aaab7434


I got 0% comission from that,it all went to investors!

The reason this scam works so well is because at the beginning, the fees will still be low, new investors will be getting paid and the contract will seem like it's working... but as soon as people start investing large amounts the fee variable goes higher and it becomes painfully obvious where all of the money is going.

If the fee becomes too large the fee gets skipped as you saw in the transaction above. The next payment will go right back to sending all of the money to the owner.

This ensures stupid people stay confused.

By the time anyone has figured it out, newbie has already exchanged all of the ETH and is off to the next scam.

It's the wild west of digital currency. Be careful out there.





And here is the proof that both of these transactions FAILED:
https://live.ether.camp/transaction/6605658e2a9d852e0fd98f32735bd92e1a62e8968ca0142bf64953b26c43ef2c


noobhelper178  = SCAM

I have received only 1 payment for 24 hours (3%), while your address receives payments always. All new investors get 3% and then - nothing, but your address is always gets coins from new investors - only your address and 3% for new investors. What about old investors? So, what do you say?

Hello i have a question:

the 14.97 was my deposit, i have sent with the jaxx wallet an hour ago. But it seems that its not confirmed yet.. how long does this take?

Thank you very much for your response.

sidharta

The reason is because someone made a very large deposit on that transaction and there was enough after the astronomical fees to pay out some investors.

The majority of the money will continue to go directly to the owner until another idiot comes along and puts in a very large amount (larger than the fees value saved in the contract).

Stop sending your ETH to this fool. Save it for slockit dao or just turn off your computer for now, you obviously can't understand any of this even when i've put the proof right in front of you.


The code:


ensures the owner always gets most of the deposits.

The transaction was rejected, you didnt sent enough gas:

https://etherscan.io/tx/0x6605658e2a9d852e0fd98f32735bd92e1a62e8968ca0142bf64953b26c43ef2c

Try again with higher gas or with the mist wallet.

fees += amount / 33;

Are you really this dumb? The transaction for 14.97 didnt even go through since it wasn't sent with enough gas. That 9.95 payout is to YOUR ACCOUNT.  edit: The payout link you posted shows 9eth going to 0xf303bde76a364  and funny thing Contract Creator:   0xf303bde76a364

At least, if this is really based on a Smart Contract, there's no possibility for the owner to shut it down. Maybe, if this attracts a big number of people, it can works.

Have you not read any of the comments before you? This contract is flawed and the creator gets pretty much all ether. just look that the transaction log and see all the 9eth payouts going to him only.

Smart contracts designed to fool stupid people. If you send ETH to 0xdcb13FA157eeBF22dDC8C9aA1d6E394810De6FA3 here is something to do while you wait to get paid back. Learn how to read the code. You will have PLENTY of time...

I`ve reprogrammed the code and added extra features to this. All bugs fixed, small fees.

I will post my version of this game soon, stay tuned!  ;)

Dont send more money to this guy wait until my game comes out.

Guys, do not send your ethers to this, the "creator" is a scam-artist. He clearly copied an Ethereum doubler, changed it up so it gives you tiny percentages rather than doubling or anything, and at the same time, he DOUBLES his fee after every transaction:

fees += amount / 33;  

fees += means the first transaction will take 3%, next will takes 6% fees, next will takes 9% and so on, so he is infinitely increasing his fee amount. This person either had no idea what they were doing, and did no testing on this, or is a pure scam artist.

You should all request a refund, but it is too late from what I see, the owner has already shapeshifted his Ether into oher coins.


PLEASE REPORT THIS TO A MOD OR ADMIN!!!

You can verify the scam for yourself here http://etherscan.io/address/0xf303bde76a36411b7c0459efdd2e5f7069964203#internaltx

good point. any proof to working as you said?

Ok guys forget about piggybank, join my investment game that works 100% and earns you 6% forever!

https://bitcointalk.org/index.php?topic=1413721.0

I've only gotten one 3% payout so far.... Can you please give me my .9 ETH back and make another PiggyBank that is written better?

PSA regarding Ponzis

Ponzi schemes are ‘get rich quick’ investment scams which pay returns to investors from their own money, or from money paid in by subsequent investors. There is no actual investment scheme as the fraudsters siphon off the money for themselves.

A fraudster places an advertisement for a non-existent investment that offers extraordinary returns in a short space of time. Most Ponzis running here do not hesitate to call out they are a Ponzi. After receiving the promised returns on their investment, the first investors start to spread the word to family and friends. In this way, the scheme gains credibility.Because the money isn’t invested in any kind of investment vehicle, there are no profits. Instead, the first investors are simply paid out from the money paid in by new investors.

Ponzi schemes are created for all levels of income, and have taken in investors in the top bracket as well as those on middle and low levels.
Typically, the fraudster will vanish with investors’ money, so the system eventually collapses with later investors receiving nothing - including their initial investment.
Because every Ponzi scheme makes no profit, they collapse sooner or later. You are very unlikely to recover any lost money.

Protect yourself against Ponzi schemes

- If you’re considering any type of investment, always remember: if it seems too good to be true, then it probably is.
- There’s no such thing as a ‘guaranteed risk-free’ investment - high returns can only be achieved with high risk.
- Ponzi fraudsters use vague technical jargon to describe their non-existent investments, such as ‘high yield investment program’ or ‘global currency arbitrage’. This language is most of the times designed to dazzle you.
- Using hard-sell techniques, fraudsters will try to pressure you into making rushed decisions, giving you no time to consider the nature of the investment. (Not so common here)
- As with many fraudulent schemes, you are encouraged to keep your investment secret to ensure you receive maximum returns. This allows the fraudsters to hide the real nature of their scheme.

Ponzi’s are illegal in some country’s. Because of the nature of things we have to deal with people crying they have lost their money sooner or later.

I decided to -ve the operator and supporters of this Ponzi that go on with their shady business after I have posted this.

In simple terms:

This is just another Ponzi Scam! Do Not Invest!

Those who choose to post of their participation support or encouragement for this scam will be tagged with negative trust, for proving they wish to help the scammers operate this Ponzi in return for a share of the funds stolen from other users. Thereby proving they are not trustworthy forum members.

YOU HAVE BEEN WARNED!

NOTE: This is a pre written Text taken from different websites and from here (https://bitcointalk.org/index.php?topic=1381105.0), it is used to bring the matter to your attention. I am aware that this Ponzi might has been running for some time, I just decided to not ignore it any longer. Basically I do so because I am sick of seeing people get burned and operator running away with other people’s money. If you start to hate me because I have chosen to tag people here, while Ponzi XYZ is still running, feel free to bring other Ponzi’s to my attention.

Thank you!

Thank you.. I tried to warn them many pages back!.  im so sick of this shit and its rampant in crypto.. Id say its worse than the wild west could ever think of. Access to so many people looking to get rich quick.. Well i'm here to tell you it doesn't happen.  Except for the guy that creates the scam.  unfortunately! quit participating in these scams and it will quit reinforcing the bad behaviour!    If you are aware of an investment opportunity that might be a Ponzi scheme, contact the SEC by phone at (800) 732-0330 or submit a tip online at sec.gov/complaint/tipscomplaint.shtml (http://sec.gov/complaint/tipscomplaint.shtml).  https://www.sec.gov/answers/ponzi.htm (https://www.sec.gov/answers/ponzi.htm)    honestly i think if this board doesnt start actively doing something about all these scams they are going to end up being held liable.. as they are facilitating the place and just watch it go on unabated.

Best Regards
d57heinz

d57heinz,

Indeed this forum is in some way helping scammers...

Like one of my first access on this forum and i enter and see this Piggy Bank join fast or you will loose the train....  Even more with other members of the gang being more senior members with more Posts encouraging saying they received the money back... Its very misleading for newbies...  

Newbies enter... a BIG Forum like this supporting this kind of posts and letting the scam post run...  Senior members of the gang with more posts saying how good this is and that they deposited and received xxx times more...

So this forum is facilitating scams.  This should be reviewed by moderators so no more people get scammed.... This scammers only do this and waist theyre time because they catch newbies every week and moderators dont BAN the scammer gang!  

this game sucks, i`m not investing here anymore