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Author Topic: [ETH] Permanent 0% fee Ethereum Ponzi  (Read 2681 times)
Chucky666
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April 04, 2016, 08:03:05 AM
 #1

Ok, I was getting a bit despondent with all the over-the top Ponzi schemes floating around, especially with all the creators taking 10% for doing nothing. So I put together my own (from scratch, no copy & paste) with 0% going to the creator and a 125% return, i.e. while deposits to it are ongoing you get back 125% (1.25x) of what you put in.

Basically send between 100 finney (0.1 ether) and 10 ether to (like the 1.25 multiplier, the 10 ether maximum is set "low" to allow payout flows)

0x43bbc7fafb860d974037b8f7dd06b6f6fe799b3e

Source code is also attached on etherscan.io for verification purposes. It is simple, no frills, no fuss.

http://etherscan.io/address/0x43bbc7fafb860d974037b8f7dd06b6f6fe799b3e

As with all these things, there are risks - if the deposits stops, you are out of luck. While people are playing, you will get your returns. I would recommend not sending from an exchange, rather do it via Geth or Mist since the gas will be calculated correctly for contract execution.
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April 04, 2016, 09:42:47 AM
 #2

Ok, I was getting a bit despondent with all the over-the top Ponzi schemes floating around, especially with all the creators taking 10% for doing nothing. So I put together my own (from scratch, no copy & paste) with 0% going to the creator and a 125% return, i.e. while deposits to it are ongoing you get back 125% (1.25x) of what you put in.

Basically send between 100 finney (0.1 ether) and 10 ether to (like the 1.25 multiplier, the 10 ether maximum is set "low" to allow payout flows)

0x43bbc7fafb860d974037b8f7dd06b6f6fe799b3e

Source code is also attached on etherscan.io for verification purposes. It is simple, no frills, no fuss.

http://etherscan.io/address/0x43bbc7fafb860d974037b8f7dd06b6f6fe799b3e

As with all these things, there are risks - if the deposits stops, you are out of luck. While people are playing, you will get your returns. I would recommend not sending from an exchange, rather do it via Geth or Mist since the gas will be calculated correctly for contract execution.
Awesome, except someone else already used the same fucking stats (other than the fee) a few hours earlier. You say you're tired of the app spam, yet you're just contributing to the problem.

https://bitcointalk.org/index.php?topic=1424959.0

Can't take this community seriously anymore, I'm gonna release my own trollversion too.

Chucky666
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April 04, 2016, 09:53:44 AM
 #3

Awesome, except someone else already used the same fucking stats (other than the fee) a few hours earlier. You say you're tired of the app spam, yet you're just contributing to the problem.

Erk. Good catch, honestly didn't see that one.

Not that tired of the spam, but very actually tired of the ridiculous fees associated with all of these where the play is no different at all - a getting rich quick scheme for the creators, just sucking out as much as they can with their own fees.
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April 04, 2016, 12:07:33 PM
 #4

Chucky666, did you suggested your contract to this contest? I think you have all chances.
https://www.reddit.com/r/ethereum/comments/4d7dep/runcpa_announces_competition_for_best_dapp_on_the/

Chucky666
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April 04, 2016, 12:16:38 PM
 #5

Chucky666, did you suggested your contract to this contest?

I think Ponzi's are mostly the same (some interesting ones with different elements have however popped-up), the fact that there are no fees on this one doesn't make it revolutionary IMHO, it really is just some inputs & some outputs.

What I do hope is that people start thinking through these things, there should be a reason for the fees for creators.
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April 04, 2016, 12:21:46 PM
 #6

Yes, Chucky!

Im wondering - how people here did not got for the whole 30 days (about 1 month ago first doubler where created) that you do not need any fees for building a game-ponzi scheme?

If you want to benefit prom this - just invest as others.

The fact that you got it first makes you strategist - IMHO

So - you can optimize this game for the needs of this contest - and the prize is yours
Tdecha
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April 04, 2016, 12:32:46 PM
 #7

Yes, Chucky!

Im wondering - how people here did not got for the whole 30 days (about 1 month ago first doubler where created) that you do not need any fees for building a game-ponzi scheme?

If you want to benefit prom this - just invest as others.

The fact that you got it first makes you strategist - IMHO

So - you can optimize this game for the needs of this contest - and the prize is yours

Indeed, a 0% fee Ponzi is a breakthrough but I think we will still see many new ones pop up. Being an early bird on a Ponzi is the key, so the creator will always want to be on top of it (which is a normal reaction)
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April 04, 2016, 12:39:22 PM
 #8

I think what you need to change the world - is ponzi with MLM referral system.

And - automatic profit re-investments.

+ 10ETH limit that we set up here is a bit small.

May be someone can set-up DAO for regulate this issues with democratic voting system?
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April 04, 2016, 12:41:34 PM
 #9

MLM ? What is it?
Maria Jones
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April 04, 2016, 12:49:39 PM
 #10

Multi Level Marketing

usually - bonuses for inviting new people into the project.

Basic marketing efforts all over the world are usually based on revenue share from the newcomer


What we need to make it bigger:

1. 10% bonuses for bringing your friend to the system
2. You can invest ANY amount, but ONLY once a day. - This would make everyone sure, that the interest would only increase.
3. And do not forget - if there is a possibility to invest all over the day - you will do only this. But your efforts are needed also for spreading out the information about this thing. Thats why you need limited "ïnvestors time"
4. We need to launch DAO that owns the contract. Because we could need changes during the roll
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April 04, 2016, 02:02:27 PM
 #11

BTW - very successful experiment - @A total of 455 transactions found for address@ in one hour.
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April 04, 2016, 02:03:33 PM
 #12

Multi Level Marketing

usually - bonuses for inviting new people into the project.

Basic marketing efforts all over the world are usually based on revenue share from the newcomer


What we need to make it bigger:

1. 10% bonuses for bringing your friend to the system
2. You can invest ANY amount, but ONLY once a day. - This would make everyone sure, that the interest would only increase.
3. And do not forget - if there is a possibility to invest all over the day - you will do only this. But your efforts are needed also for spreading out the information about this thing. Thats why you need limited "ïnvestors time"
4. We need to launch DAO that owns the contract. Because we could need changes during the roll

Thanks for the explanation. Indeed, the main issue with Ponzi is when they stop Smiley
A continuous marketing effort could delay this inevitable outcome
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April 04, 2016, 02:14:52 PM
 #13

If the marketing effort will be continues and targeted, there will be budgets for landing-pages and GUIs, the traffic of the newcomers will be always supporting the long life of the project.

+ we need function of automated reinvestments
poopshoes
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April 04, 2016, 03:16:23 PM
 #14

Great job Chuck!

I literally just made a new github with the intent to steal everyones ponzi schemes and re-publish them with 0% owner fee. I was starting up the testnet when I saw your post on reddit. Tossed in a bunch of Ether during that first rally Smiley
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April 04, 2016, 03:23:02 PM
 #15

Going to make it rain again later just waiting for Coinbase.
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April 04, 2016, 07:25:05 PM
 #16

So what's your next move regarding the promotion of this scheme ?
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April 04, 2016, 08:09:04 PM
 #17

Wow it is on fire right now !!!!
poopshoes
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April 04, 2016, 09:29:06 PM
 #18

Contract developer wakes up to 600 transactions and wishes he was making that sweet 10% fee all these other contracts have :p
john312
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April 04, 2016, 09:39:33 PM
 #19

Check this one out. Interesting concept.
https://bitcointalk.org/index.php?topic=1426083.0
Looch2
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April 04, 2016, 09:58:25 PM
 #20

THIS IS AMAZING!
poopshoes
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April 04, 2016, 10:12:57 PM
 #21

*owners of fee based ponzi's start to freak out*
Looch2
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April 04, 2016, 10:18:01 PM
 #22

Yea, this probably threw a wrench in things for them.
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April 04, 2016, 10:28:59 PM
 #23

I don't think so, Angry

This others working pyramids like Greed Pit or Governmental will benefit from this,

new users to  a pyramids in fire will lead to users in these others pyramids.



And, this pyramid doesn't offers the same features as others, like GUI, original mechanics. Tongue

So i would say it is like a little eco system, good pyramids with a little fee for the features will get even better !
Pyramids with fees that are from copy and paste will fail with their greedy creator !


Long live this pyramids, long live the others pyramidal-based game, long live the pit.  Smiley Cheesy
Looch2
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April 04, 2016, 10:41:16 PM
Last edit: April 05, 2016, 01:04:07 AM by Looch2
 #24

*Edited since it looks like Whale deleted his post and I don't want people to think my criticism had anything to do with this Ponzi which has proven to be a legitimate one...I was criticizing a different ponzi
poopshoes
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April 04, 2016, 10:44:17 PM
 #25

If you're talking about no fee ponzi then yeah you have people ahead of you in line. The longer it goes on the longer the wait is.

Currently it's just over 12 hours old and I think it's paid out 500 of 600 people.
Looch2
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April 04, 2016, 10:48:04 PM
Last edit: April 05, 2016, 01:05:02 AM by Looch2
 #26

*Edit due to the post I was referencing as being sketchy looks to have been deleted and don't want it to be confused with this ponzi.
poopshoes
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April 04, 2016, 11:01:30 PM
 #27

Has this been submitted to State of the Dapps?

http://dapps.ethercasts.com/
poopshoes
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April 04, 2016, 11:16:41 PM
 #28

What about?...  Grin

What about it?

Code:
owner.send(collectedFees);
poopshoes
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April 05, 2016, 12:09:21 AM
 #29

Hey everyone the poster above is advertising a completely different contract which has several flaws. See the photo below where people's cash out is failing because it runs out of gas thus causing them to be skipped.

https://i.imgur.com/Ltoe0iZ.png <-- 'The Simple Game' (advertised above this post)

You can see the payout history of the 0% fee contract below it doesn't have any failed payouts.

http://etherscan.io/address/0x43bbc7fafb860d974037b8f7dd06b6f6fe799b3e#internaltx
ContractsJust4Fun
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April 05, 2016, 12:10:28 AM
 #30

Nice work on the 0 Fee contract, it seems to be working properly.

Here is a Webpage User Interface that displays the stats for this contract:
https://github.com/ContractsJust4Fun/WealthRedistributionExperiment/blob/master/ZeroP.html

Download to your desktop and open in browser or someone can host it somewhere and send link to OP.

Also, I can't seem to post a screenshot, can someone help?
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April 05, 2016, 12:15:33 AM
 #31

Nice work on the 0 Fee contract, it seems to be working properly.

Here is a Webpage User Interface that displays the stats for this contract:
https://github.com/ContractsJust4Fun/WealthRedistributionExperiment/blob/master/ZeroP.html

Download to your desktop and open in browser or someone can host it somewhere and send link to OP.

Also, I can't seem to post a screenshot, can someone help?

This is awesome no server-side needed just download and open in chrome  Grin
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April 05, 2016, 12:26:40 AM
 #32

I'd love to see this ponzi keep traction, it's fair, it's legit, and we gotta let the eth keep flowing!   Grin
ContractsJust4Fun
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April 05, 2016, 12:26:52 AM
 #33

Yes, all UI self contained or pulled from cdn. The Ethereum node at the bottom becomes the server for the actual data.

does anyone know if there is some way to search for open nodes or some website api that can get open rpc node addresses?

would prefer not to have to hardcode a specific node into the page.
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April 05, 2016, 01:54:56 AM
 #34

Nice work on the 0 Fee contract, it seems to be working properly.

Here is a Webpage User Interface that displays the stats for this contract:
https://github.com/ContractsJust4Fun/WealthRedistributionExperiment/blob/master/ZeroP.html

Download to your desktop and open in browser or someone can host it somewhere and send link to OP.

Also, I can't seem to post a screenshot, can someone help?

https://i.imgur.com/Zqx6v3L.png

Works in FF too.
Really cool.

silentdojo
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April 05, 2016, 04:57:05 AM
 #35

That's really awesome!

I love this concept.
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April 05, 2016, 07:48:51 AM
 #36

Yep today has been interesting.This is a great way to get back +25% fairly quickly.
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April 05, 2016, 09:09:51 AM
 #37

The last participant just deposited USD $500 worth of ETH, I wonder if he'll get it back... interesting.
poopshoes
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April 05, 2016, 09:28:55 AM
Last edit: April 05, 2016, 10:08:33 AM by poopshoes
 #38

Nice work on the 0 Fee contract, it seems to be working properly.

Here is a Webpage User Interface that displays the stats for this contract:
https://github.com/ContractsJust4Fun/WealthRedistributionExperiment/blob/master/ZeroP.html

Download to your desktop and open in browser or someone can host it somewhere and send link to OP.

Also, I can't seem to post a screenshot, can someone help?

https://i.imgur.com/Zqx6v3L.png

Works in FF too.
Really cool.



1. I made a branch to change the names and hope to possibly make some upgrades. Should I merge my changes back into your original project or do you plan to keep that one for your other expermeint? https://github.com/EthGambler/ZeroP

2. I uploaded the site for anyone who wants to run it easily through the broswer: http://ZeroP.bitballoon.com

Edit: I guess it would better to host this on github.io
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April 05, 2016, 10:26:05 AM
 #39

This got stuck, so I have created another one with identical payout and cap limit parameters (+25%, 10 ETH).
https://bitcointalk.org/index.php?topic=1426710.new#new

Permanent 0% fee Ethereum Ponzi was the most popular ponzi recently.
Unfortunatelly it got stuck and needs over thousand of ETH to get unstuck, so I've started another pyramid with exactly the same parameters (+25% payout, 10 ETH max payment).

Of course the earlier you invest, the bigger your gains. People who invested in the previous ponzi on the first day earned a lot of money, so be quick!

How to play?

Just send ETH to this address:
0xf835b307bc5348194ae01ed729170c84217ba688
Do not attempt to send more than 10 ETH, since it will be returned to you.
Also do not send directly from the exchanges.

Here you can see current stats/payouts:
http://etherscan.io/address/0xf835b307bc5348194ae01ed729170c84217ba688


There is also so called standard fee for the creator (10% according to this bard), but it does not influence your rewards in any way - you always get what you invested +25% more.
The contract is verified and made public, so you know it works as promised.
john312
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April 05, 2016, 10:34:40 AM
 #40

This got stuck, so I have created another one with identical payout and cap limit parameters (+25%, 10 ETH).
https://bitcointalk.org/index.php?topic=1426710.new#new

Permanent 0% fee Ethereum Ponzi was the most popular ponzi recently.
Unfortunatelly it got stuck and needs over thousand of ETH to get unstuck, so I've started another pyramid with exactly the same parameters (+25% payout, 10 ETH max payment).

Of course the earlier you invest, the bigger your gains. People who invested in the previous ponzi on the first day earned a lot of money, so be quick!

How to play?

Just send ETH to this address:
0xf835b307bc5348194ae01ed729170c84217ba688
Do not attempt to send more than 10 ETH, since it will be returned to you.
Also do not send directly from the exchanges.

Here you can see current stats/payouts:
http://etherscan.io/address/0xf835b307bc5348194ae01ed729170c84217ba688


There is also so called standard fee for the creator (10% according to this bard), but it does not influence your rewards in any way - you always get what you invested +25% more.
The contract is verified and made public, so you know it works as promised.

13 people already playing the new one. Thx!
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April 05, 2016, 10:38:52 AM
 #41

Lol the new one you posted isn't actually a copy for anyone who reads the code. Also check this out it is facing an error right off the bat. SMH

http://etherscan.io/tx/0xd4f569a0a08b27fe6adb06917eef27037ce4c3b7576ea2f814c63ec3cbf2b2b9
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April 05, 2016, 10:53:21 AM
 #42

Lol the new one you posted isn't actually a copy for anyone who reads the code. Also check this out it is facing an error right off the bat. SMH

http://etherscan.io/tx/0xd4f569a0a08b27fe6adb06917eef27037ce4c3b7576ea2f814c63ec3cbf2b2b9

I invested in the new one and got paid. It seems the same in terms of rewards. Just checked the code.

 while (balance > persons[payoutIdx].amount / 100 * 125) {
      uint transactionAmount = persons[payoutIdx].amount / 100 * 125;
      persons[payoutIdx].etherAddress.send(transactionAmount);
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April 05, 2016, 10:54:27 AM
 #43

ZeroP has never had an error in 600 transactions.
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April 05, 2016, 10:54:50 AM
 #44

He probably got stuck in the old one and is doing his best to FUD other pyramids to attract this 1000 ETH to the new one. But people will contine to chose fresh projects instead of investing in the stuck ones.
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April 05, 2016, 10:57:09 AM
 #45

Seriously, stop FUDing. The guy created new pyramid, because the old gone got stuck. People are playing. You were left in the previous one holding the bag. Accept that and be quicker next time.
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April 05, 2016, 11:20:20 AM
 #46

anyway, inflows are limited and outlflows are reduced due to the fee
won't go far IMO
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April 05, 2016, 11:40:01 AM
 #47

Ok updated the website from BitBubble to Github.io

http://ethgambler.github.io/ZeroP/

The site is based off the github. I am not the creator of this app I'm just someone who wanted to help improve it. I know there is at least 3 developers who have contributed now. The site is based off github bellow and anyone is free to make suggestions to edits to the GUI.

https://github.com/EthGambler/ZeroP

The developers are invested in continuing development of the GUI and a wider marketing campaign once we're accepted into State of the dApps. I'll be depositing some more money for the rally just before that happens.
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April 05, 2016, 11:47:36 AM
 #48

Ok updated the website from BitBubble to Github.io

http://ethgambler.github.io/ZeroP/

The site is based off the github. I am not the creator of this app I'm just someone who wanted to help improve it. I know there is at least 3 developers who have contributed now. The site is based off github bellow and anyone is free to make suggestions to edits to the GUI.

https://github.com/EthGambler/ZeroP

The developers are invested in continuing development of the GUI and a wider marketing campaign once we're accepted into State of the dApps. I'll be depositing some more money for the rally just before that happens.
Sorry to burst your bubble, but state of the dapps hasn't been accepting pozi apps lately, as they are all copy pasted and offer nothing new. At this point you probably need to come up with something original and actually useful to get listed there. If they had to list every ponzi app that has been spammed recently nobody would take Ethereum seriously.

Or maybe they're just on vacation, who knows~

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April 05, 2016, 06:33:52 PM
 #49

Ok updated the website from BitBubble to Github.io

http://ethgambler.github.io/ZeroP/

The site is based off the github. I am not the creator of this app I'm just someone who wanted to help improve it. I know there is at least 3 developers who have contributed now. The site is based off github bellow and anyone is free to make suggestions to edits to the GUI.

https://github.com/EthGambler/ZeroP

The developers are invested in continuing development of the GUI and a wider marketing campaign once we're accepted into State of the dApps. I'll be depositing some more money for the rally just before that happens.
Sorry to burst your bubble, but state of the dapps hasn't been accepting pozi apps lately, as they are all copy pasted and offer nothing new. At this point you probably need to come up with something original and actually useful to get listed there. If they had to list every ponzi app that has been spammed recently nobody would take Ethereum seriously.

Or maybe they're just on vacation, who knows~

On vacation I guess, they just published LittleCactus Smiley
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April 05, 2016, 08:56:02 PM
 #50

Well, people wanted pyramid similar to this one and here it is. No fees, even higher payout and cap.
https://bitcointalk.org/index.php?topic=1427334.new#new
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April 05, 2016, 09:01:12 PM
 #51

Well, people wanted pyramid similar to this one and here it is. No fees, even higher payout and cap.
https://bitcointalk.org/index.php?topic=1427334.new#new
Don't fall for it, it's a scam.

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April 05, 2016, 09:04:03 PM
 #52

No, it is not? The code is verified and anyone can check it. Don't FUD other pyramids because you have one of your own.  Payouts are happening, there is no fee: http://etherscan.io/address/0x0f26c26318872e8fa85dee5d30cba45ed53b3d3e#internaltx
Katatsuki
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April 05, 2016, 09:36:19 PM
 #53

No, it is not? The code is verified and anyone can check it. Don't FUD other pyramids because you have one of your own.  Payouts are happening, there is no fee: http://etherscan.io/address/0x0f26c26318872e8fa85dee5d30cba45ed53b3d3e#internaltx
I don't FUD, unlike all these incompetent copy pasters I can make superior apps, so I don't need to resort to cheap tactics to trick people into using mine. That app's code has a big mistake in it that will cause whoever deposits 40ETH or more to lose money. I just happen to care about people, so take it as a PSA.

LiteSoul
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April 05, 2016, 10:25:18 PM
 #54

No, it is not? The code is verified and anyone can check it. Don't FUD other pyramids because you have one of your own.  Payouts are happening, there is no fee: http://etherscan.io/address/0x0f26c26318872e8fa85dee5d30cba45ed53b3d3e#internaltx
I don't FUD, unlike all these incompetent copy pasters I can make superior apps, so I don't need to resort to cheap tactics to trick people into using mine. That app's code has a big mistake in it that will cause whoever deposits 40ETH or more to lose money. I just happen to care about people, so take it as a PSA.

You're right, anyone who sends 40 ETH or more will get in return 10 ETH on that pyramid.
Your pyramid, Katatsuki, is better and more dynamic, but it's somewhat complex or not well explained, that's why the simplicity of Zero fee got more traction, although now it got 100 transactions stuck, not sure why except if the creator is getting some fee or extra ETH...
http://ethgambler.github.io/ZeroP/
poopshoes
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April 06, 2016, 02:54:53 AM
 #55

No, it is not? The code is verified and anyone can check it. Don't FUD other pyramids because you have one of your own.  Payouts are happening, there is no fee: http://etherscan.io/address/0x0f26c26318872e8fa85dee5d30cba45ed53b3d3e#internaltx
I don't FUD, unlike all these incompetent copy pasters I can make superior apps, so I don't need to resort to cheap tactics to trick people into using mine. That app's code has a big mistake in it that will cause whoever deposits 40ETH or more to lose money. I just happen to care about people, so take it as a PSA.

You're right, anyone who sends 40 ETH or more will get in return 10 ETH on that pyramid.
Your pyramid, Katatsuki, is better and more dynamic, but it's somewhat complex or not well explained, that's why the simplicity of Zero fee got more traction, although now it got 100 transactions stuck, not sure why except if the creator is getting some fee or extra ETH...
http://ethgambler.github.io/ZeroP/

It's funny that a lot of people investing in there can't actually read a very simple contract. What's the point of a verifiable contract if you're not actually verifying it.
ContractsJust4Fun
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April 17, 2016, 04:37:57 PM
 #56

This is still the 7th most popular verified contract on etherscan with 617 transactions.

http://etherscan.io/contractsVerified?sort=txcount&order=desc
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