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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Abiky on May 20, 2017, 01:09:35 AM



Title: Are smart contract Ethereum doublers worth it?
Post by: Abiky on May 20, 2017, 01:09:35 AM
I've used to see many doublers powered by Ethereum smart contracts, where they would multiply the amount of Ether sent in a specified amount of time. Many of them which I've placed my Ether on, actually work, but it is up to debate whenever this would continue to do so in the long term.

Nevertheless, do you really think that Ethereum doublers powered by smart contracts are actually worth it? If so, what would be the most recommended doublers to use nowadays? I would like to know your opinion about this.  ;D


Title: Re: Are smart contract Ethereum doublers worth it?
Post by: White sugar on May 20, 2017, 01:23:07 AM
Sounds like pyramids, but using Ether instead of cash or Bitcoins. You know that  people always will lose money on them, right?


Title: Re: Are smart contract Ethereum doublers worth it?
Post by: criptix on May 20, 2017, 01:32:20 AM
Sounds like pyramids, but using Ether instead of cash or Bitcoins. You know that  people always will lose money on them, right?

Yup just automated and enforced by the protocol (smart contracts).


Title: Re: Are smart contract Ethereum doublers worth it?
Post by: Abiky on May 23, 2017, 03:53:06 PM
Sounds like pyramids, but using Ether instead of cash or Bitcoins. You know that  people always will lose money on them, right?

Yes, I'm aware of that. However, I've thought that it may work differently as it would be powered by smart contracts, where it is automated and it could perform well if programmed not to leave the owner of the contract with an amount of your Ether for him/herself.

I used to put my Ether on a Doubler Pyramid, and it worked most of the time, but lately it stopped making payouts, because if the lack of other users putting their Ether on it. As a result, the pyramid was out of funds, thus leaving my payout on standby until today. It has been almost a year, and no luck ever since.

However, I believe that this could be improved, as the good thing that a smart contract has is that it removes the middleman. There could exist many possibilities with this, but in the meantime I will just rather mine Ether than using doublers. Just my thoughts.  ;D