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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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Katatsuki
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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.
Maria Jones
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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.
Maria Jones
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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)
Maria Jones
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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
Maria Jones
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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.
Tdecha
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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
Maria Jones
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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.
Tdecha
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April 04, 2016, 07:25:05 PM
 #16

So what's your next move regarding the promotion of this scheme ?
Tdecha
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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!
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