[ETH] Wealth Redistribution Contract Experiment - 0% FEES -

[Matthias195]

It's already at 20 deposits.
Maybe now is a nice time to start marketing this one more publicly, other than solely this Bitcointalk topic.

Certainly given the fact we now have a GUI which makes that much easier

[ContractsJust4Fun]

It's already at 20 deposits.
Maybe now is a nice time to start marketing this one more publicly, other than solely this Bitcointalk topic.

Certainly given the fact we now have a GUI which makes that much easier

give it an upvote if you can.
https://www.reddit.com/r/ethtrader/comments/4dfppm/eth_wealth_distribution_experiment_0_fee_supports/

[Matthias195]

It seems that it has been removed there 

[askolein]

Already failing?

[Matthias195]

No, we are just talking about the reddit submission.
But Reddit isn't a good place to advertise anyway.

[Matthias195]

When are we going to reach 30 participants?  

[ContractsJust4Fun]

Part of the problem is that it's all the same people participating in these games.

One thing that can help bring more new people in is to have whatever changes are necessary to make myetherwallet.com work for sending to contracts.

Once this is easier to do it will be possible for the masses to come and play these games.

The only people that can play right now are those willing to figure out how to setup geth and download the full blockchain. need to lower the barrier of entry.

Shapeshift being back online will help too.

[Tdecha]

Part of the problem is that it's all the same people participating in these games.

One thing that can help bring more new people in is to have whatever changes are necessary to make myetherwallet.com work for sending to contracts.

Once this is easier to do it will be possible for the masses to come and play these games.

This is real good point. Honestly, I have no clue why there is a technical limitation with online wallet... Do you have more insights ?

[DustBluster]

MyEtherWallet.com has an "Advanced / Offline Transaction" tab which allows specifying a higher gas limit when making payment transactions to contracts, which is sufficient for most of the basic investment game contracts.  The page is confusing the first time through, but once you understand the steps it's pretty straight forward.  It would work for participating in the majority of gamified contracts being played on this forum.

Mist/Geth still seems to be the best interface for interacting with contract functions.

I expect that Shapeshift's temporary issues are a part of the reduced activity the last few days.  That and people have lives during the week - or so I hear.  There are a few exchanges that have announced they'll be bringing ETH trading online within the next few weeks - I expect a flood of newcomers with each exchange that brings ETH online.  

[greymatter]

MyEtherWallet.com has an "Advanced / Offline Transaction" tab which allows specifying a higher gas limit when making payment transactions to contracts, which is sufficient for most of the basic investment game contracts.  The page is confusing the first time through, but once you understand the steps it's pretty straight forward.  It would work for participating in the majority of gamified contracts being played on this forum.

Mist/Geth still seems to be the best interface for interacting with contract functions.

I expect that Shapeshift's temporary issues are a part of the reduced activity the last few days.  That and people have lives during the week - or so I hear.  There are a few exchanges that have announced they'll be bringing ETH trading online within the next few weeks - I expect a flood of newcomers with each exchange that brings ETH online.  

i agree about shapeshift. i would have put some Eth into these pits, but waiting to move my BTC to kraken, then waiting for 6 confirms, then pulling out takes too long...then its already too late.

[ContractsJust4Fun]

MyEtherWallet.com has an "Advanced / Offline Transaction" tab which allows specifying a higher gas limit when making payment transactions to contracts, which is sufficient for most of the basic investment game contracts.  The page is confusing the first time through, but once you understand the steps it's pretty straight forward.  It would work for participating in the majority of gamified contracts being played on this forum.

So go into advanced, increase the GAS price  (to what value?) then go back to basic send transaction and send to the contract?

Someone should put this in screenshots to make it easier for new people to participate.

Also, is it possible to make necessary changes to the MyEtherWallet to detect a contract address vs regular address and auto adjust the gas accordingly in the basic transaction tab?

[DustBluster]

I've read suggestions of changing the Gas Limit (which is 21,000 by default in MyEtherWallet) to something in the range of 200,000 to 500,000 when sending to contracts.  Any excess will be refunded automatically, it's just an upper limit.  The more complicated or data intensive a contract is, the more gas it will need to operate.

https://www.myetherwallet.com/#offline-transaction

[ContractsJust4Fun]

I was able to make everything work by using the most recent version of MyEtherWallet which has updates for setting gas limits:
https://github.com/kvhnuke/etherwallet/archive/mercury.zip

As soon as this new code live on MyEtherWallet.com it will be a lot easier for new people to come in, fund a wallet with shapeshift (back online horray!), and play a game.

[Matthias195]

Cool, looking forward to it. Someone else just participated as well so people keep coming 

[Tdecha]

is this working, can i invest in this?

code is legit

[Matthias195]

is this working, can i invest in this?

code is legit

Yes, and I've always received my payout correctly. I'm keeping track of it with an Excel sheet.

[askolein]

Investing now would be profitable if there would be 40 more participants...

The first won 3.6 though. Only the 8th first participant got more than their 1 Eth investment.

[Matthias195]

There are 21 participants at this moment.
So the fact there are already 8 having a profit is actually pretty good for a pyramid.
That's more than 1/3rd who are having a profit already right now 

[ContractsJust4Fun]

There are 21 participants at this moment.
So the fact there are already 8 having a profit is actually pretty good for a pyramid.
That's more than 1/3rd who are having a profit already right now 

Plus it's more fun when you see some action after every deposit.

Since this contract has no destroy function, nothing I can do will stop it. So if you think from now until the end of ETH, 40 more deposits will be made, then you could be profitable in this little experiment.

and if not, you get to play a role in understanding how Ethereum contracts work and it only costs you 1ETH plus gas minus whatever you get back from future depositors.

Improvements coming to the webpage this week and advertising banners. Now is the time to get in. Just4Fun

[Matthias195]

Improvements coming to the webpage this week and advertising banners. Now is the time to get in. Just4Fun

Nice! Looking forward to this 
Advertisement is everything with these games, so it's nice to hear this stuff is coming.