Well, I would just point out that Satoshi really didn't seem to have all that much of a hand in the creation of Ethereum, so we'll never know.
That said, I can almost appreciate this post. At least the guy is honest that it is a pyramid scheme. Instead of some excuse about "trading bots", "arbitrage", and "mining" that other ponzis say they do.
Regardless though, this really does seem like it belongs in the gambling section, as opposed to here.
If you want to know how OP makes his money, I'd check out the source code itself.
If you don't see the program, you can't see what he's doing. But odds are good, he's just sitting on top, and will do that each time the system resets.
Good comment. Yes its pure gambling.
Yeah sure, I also have invested. But SmartContract started at a defined block, so everybody was able to invest. Even in front of my investment.
What are the chances of someone making a profit?
Excat 99.232543%
No sorry, its uncalcable..
But after one day you have profit. It's very unlikly that ponzi will go bankrupt tomorrow. There are still overy 1 ETH in!
FairPonzi looks like a potentially great investment. Do you have any plans for getting more investors in and the community engaged?
He gains money by sitting on top of the pyramid so everyone who joins after him gets to contribute a small percentage to him. My take in this is, enjoy it while it lasts because in the end it will all collapse like a deck of cards. Is this what Satoshi really wanted
Everybody can sit on top, because of the delay start. There was no preinvest possible.
And no, I dont get any percentage if somebody joins. Look at the code, everybody gets 0.5% per day fixed. Not depend on how much join or leave
How does the company generate revenue without fees?
We don't have any running costs, so we don't need running fees. Program is running on Ethereum and website is hosted on free Github.
