Play Simple FOMO Round 2 - Top entrant and last entrant now split the pot evenly

[Asuspawer09]

I wonder why people still post things like this even though it's definitely not legit. I don't think someone will play this game plus the site is poorly constructed and no other information shown in there so it's likely to be a ponzi scheme type of site just mentioned earlier.

Yeah true just looking at the website you could already tell that this is a not legit website. The website doesn't even have an account system that is connected to the software are they we're inviting users to participate with an initial cost of 0.002 ETH which is completely crazy. Yet they are assuring users using a etherscan source code in the etherscan website. Probably you would just end up losing the game the algorithms in a lottery game could easily be manipulated, I'm a programmer myself and I could easily do this is a probability winning game.

[Oceat]

The whales who have bots will win then. It's now a battle of how much they are willing to put in, or how much the hot wallet of their bot has, as near the end, it will be one whale bot after another whale bot who fights to be the last player. You'll also see some bots doing multiple transactions one after the other just to try to be sure they are the last one in, as I'm guessing the winner is still determined by successful transactions included in the final block.

So if ever, this would be a battle of the whales who have bots that can autobet?

I wonder if there would be players that would take this challenge versus bots or whales versus whales aiming for the jackpot prize.

[kryptqnick]

Op, please address the quoted point, because it seems accurate and disturbing. The idea of a game where the last person to enter wins does not seem bad, but all of these time extensions are making it confusing. Some people said that it's obviously a scam where you can be the last one to enter, stop the game and win everything, but if the stopping time is decided automatically, I suppose this is not the case. But what about people throwing in money multiple times using their bots? How would you deal with this issue? And also, why not simplify the game? For instance, make it a game where the last person is an n-th participant where n is a random number within a certain reasonable range (between 1 and 30, perhaps? You can reduce the prize, of course) and n cannot be viewed until the game is over but can be verified afterward. I am not good with the technicalities and perhaps this is a bad idea, but it's just a thought about improving the game.

The whales who have bots will win then. It's now a battle of how much they are willing to put in, or how much the hot wallet of their bot has, as near the end, it will be one whale bot after another whale bot who fights to be the last player. You'll also see some bots doing multiple transactions one after the other just to try to be sure they are the last one in, as I'm guessing the winner is still determined by successful transactions included in the final block.

[AmoreJaz]

Op, please address the quoted point, because it seems accurate and disturbing. The idea of a game where the last person to enter wins does not seem bad, but all of these time extensions are making it confusing. Some people said that it's obviously a scam where you can be the last one to enter, stop the game and win everything, but if the stopping time is decided automatically, I suppose this is not the case. But what about people throwing in money multiple times using their bots? How would you deal with this issue? And also, why not simplify the game? For instance, make it a game where the last person is an n-th participant where n is a random number within a certain reasonable range (between 1 and 30, perhaps? You can reduce the prize, of course) and n cannot be viewed until the game is over but can be verified afterward. I am not good with the technicalities and perhaps this is a bad idea, but it's just a thought about improving the game.

The whales who have bots will win then. It's now a battle of how much they are willing to put in, or how much the hot wallet of their bot has, as near the end, it will be one whale bot after another whale bot who fights to be the last player. You'll also see some bots doing multiple transactions one after the other just to try to be sure they are the last one in, as I'm guessing the winner is still determined by successful transactions included in the final block.

i dont think a lot of small time players will play on this site as the chance is very slim because of the questionable way of choosing the winner. and if the whales will come in, they will definitely find a way how to rekkt the game.
but looking at the contract address, i dont think he's getting a lot of players atm.
lets wait what this op has to say about Dabs' conclusion of how the game will choose its winner.

[nakamura12]

This is a lottery game, someone will eventually win when no other person enters the game. When you play a normal lottery, your odds of winning are low but you don't call it a scam because you didn't win.

As expected. Now you have stated it yourself that this is a lottery. Who are the eligible to participate? (if legit). Can a small players can participate too?. I have a suggestion for the team that small players can participate too and have a chance to win this lottery game. What can you say about the 2.0039 Ether balance in the address?.

[Zicadis]

Op, please address the quoted point, because it seems accurate and disturbing. The idea of a game where the last person to enter wins does not seem bad, but all of these time extensions are making it confusing. Some people said that it's obviously a scam where you can be the last one to enter, stop the game and win everything, but if the stopping time is decided automatically, I suppose this is not the case. But what about people throwing in money multiple times using their bots? How would you deal with this issue? And also, why not simplify the game? For instance, make it a game where the last person is an n-th participant where n is a random number within a certain reasonable range (between 1 and 30, perhaps? You can reduce the prize, of course) and n cannot be viewed until the game is over but can be verified afterward. I am not good with the technicalities and perhaps this is a bad idea, but it's just a thought about improving the game.

The whales who have bots will win then. It's now a battle of how much they are willing to put in, or how much the hot wallet of their bot has, as near the end, it will be one whale bot after another whale bot who fights to be the last player. You'll also see some bots doing multiple transactions one after the other just to try to be sure they are the last one in, as I'm guessing the winner is still determined by successful transactions included in the final block.

Honestly in my opinion this type of game would not be one I'd be playing and I'm sure this affirms with most players. The main reason being that one can't develop a strategy without being close to/ absolutely broke by the end of it trying to go in to ensure last placement in the game. I suppose if the timing was stochastic then some people would enjoy the thrill of it but not me. Anyways, I'm not saying the idea is completely rubbish but its worth assessing the market figures to see the numbers of your potential customers

[happypsyduck]

I'll try to answer everyones questions.

The whales who have bots will win then. It's now a battle of how much they are willing to put in, or how much the hot wallet of their bot has, as near the end, it will be one whale bot after another whale bot who fights to be the last player. You'll also see some bots doing multiple transactions one after the other just to try to be sure they are the last one in, as I'm guessing the winner is still determined by successful transactions included in the final block.

This is a game of psychology as well as luck. If whales don't participate or if they give up because they are not the last entry, a small person can definitely win. Likewise, if bots participate, they will usually have a limit of how much they would enter before deciding it is not worth it anymore thus allowing a small person to win. The winner of this game could be anyone. It all depends on the risk thresholds for individual players regardless of whether they are whales or not.

And because each entry close to the deadline extends it, it would not be possible to just keep putting transactions into the game until the deadline. You are right though, the last successful transaction will be the winner.

I wonder why people still post things like this even though it's definitely not legit. I don't think someone will play this game plus the site is poorly constructed and no other information shown in there so it's likely to be a ponzi scheme type of site just mentioned earlier.

Yeah true just looking at the website you could already tell that this is a not legit website. The website doesn't even have an account system that is connected to the software are they we're inviting users to participate with an initial cost of 0.002 ETH which is completely crazy. Yet they are assuring users using a etherscan source code in the etherscan website. Probably you would just end up losing the game the algorithms in a lottery game could easily be manipulated, I'm a programmer myself and I could easily do this is a probability winning game.

As you see, the source code of the website itself is hosted on Github so it is all transparent.

Op, please address the quoted point, because it seems accurate and disturbing. The idea of a game where the last person to enter wins does not seem bad, but all of these time extensions are making it confusing. Some people said that it's obviously a scam where you can be the last one to enter, stop the game and win everything, but if the stopping time is decided automatically, I suppose this is not the case. But what about people throwing in money multiple times using their bots? How would you deal with this issue? And also, why not simplify the game? For instance, make it a game where the last person is an n-th participant where n is a random number within a certain reasonable range (between 1 and 30, perhaps? You can reduce the prize, of course) and n cannot be viewed until the game is over but can be verified afterward. I am not good with the technicalities and perhaps this is a bad idea, but it's just a thought about improving the game.

The whales who have bots will win then. It's now a battle of how much they are willing to put in, or how much the hot wallet of their bot has, as near the end, it will be one whale bot after another whale bot who fights to be the last player. You'll also see some bots doing multiple transactions one after the other just to try to be sure they are the last one in, as I'm guessing the winner is still determined by successful transactions included in the final block.

What is tricky about random is that there is no random on the Ethereum blockchain. All random algorithms can be easily game due to how the seeds are derived.

This is a lottery game, someone will eventually win when no other person enters the game. When you play a normal lottery, your odds of winning are low but you don't call it a scam because you didn't win.

As expected. Now you have stated it yourself that this is a lottery. Who are the eligible to participate? (if legit). Can a small players can participate too?. I have a suggestion for the team that small players can participate too and have a chance to win this lottery game. What can you say about the 2.0039 Ether balance in the address?.

Anyone can participate.

Op, please address the quoted point, because it seems accurate and disturbing. The idea of a game where the last person to enter wins does not seem bad, but all of these time extensions are making it confusing. Some people said that it's obviously a scam where you can be the last one to enter, stop the game and win everything, but if the stopping time is decided automatically, I suppose this is not the case. But what about people throwing in money multiple times using their bots? How would you deal with this issue? And also, why not simplify the game? For instance, make it a game where the last person is an n-th participant where n is a random number within a certain reasonable range (between 1 and 30, perhaps? You can reduce the prize, of course) and n cannot be viewed until the game is over but can be verified afterward. I am not good with the technicalities and perhaps this is a bad idea, but it's just a thought about improving the game.

The whales who have bots will win then. It's now a battle of how much they are willing to put in, or how much the hot wallet of their bot has, as near the end, it will be one whale bot after another whale bot who fights to be the last player. You'll also see some bots doing multiple transactions one after the other just to try to be sure they are the last one in, as I'm guessing the winner is still determined by successful transactions included in the final block.

i dont think a lot of small time players will play on this site as the chance is very slim because of the questionable way of choosing the winner. and if the whales will come in, they will definitely find a way how to rekkt the game.
but looking at the contract address, i dont think he's getting a lot of players atm.
lets wait what this op has to say about Dabs' conclusion of how the game will choose its winner.

And the game may not get a lot of entries either because everyone thinks they are going to lose, so the person who put in 0.001 eth will end up winning 2 eth due to that universal sentiment.

[adaseb]

This is a game of psychology as well as luck. If whales don't participate or if they give up because they are not the last entry, a small person can definitely win. Likewise, if bots participate, they will usually have a limit of how much they would enter before deciding it is not worth it anymore thus allowing a small person to win. The winner of this game could be anyone. It all depends on the risk thresholds for individual players regardless of whether they are whales or not.

And because each entry close to the deadline extends it, it would not be possible to just keep putting transactions into the game until the deadline. You are right though, the last successful transaction will be the winner.

It will maybe be based on luck at the beginning since the pot will be low and there would be less participants however as the pot grows then the whales and bots won't easily give up their positions, why would they.

Its similiar to what happened with Bitcoin when it was created. You could get BTC for free back then just by visiting some faucets. There was a 1 BTC per day faucet back when BTC had no open market. So small people did get lucky if they got the free BTC and kept it till today. However today since BTC value is so high there is no free 1 BTC faucet. H

So if the pot grows very very large it will get very competitive and eventually only the whales could profit off this. I wish you best of luck, but I don't see this idea really being successful.

[Luxo42]

Source code of smart contract is not designed properly.
Owner can take all the money bypassing the rules of game.

[freedomgo]

So this one is legit or not? Anyway, I think this game is not that attractive for people here, actually its my first time to know that this kind of game exist and this is a FOMO game which FOMO is very popular in trading which I hate when I fall for the FOMO.

I think OP needs to build the site to look good, a newbie is not gonna earn reputation if you don't have enough budget to market your site.
0.001 eth is too affordable, but if the reputation of the site is not good, then I would pass.

[happypsyduck]

Source code of smart contract is not designed properly.
Owner can take all the money bypassing the rules of game.

If you are referring to reentrancy attacks by external contract calls, Ethereum was updated in late 2016 to prevent "transfer" function from having enough gas to carry out such an attack.

So this one is legit or not? Anyway, I think this game is not that attractive for people here, actually its my first time to know that this kind of game exist and this is a FOMO game which FOMO is very popular in trading which I hate when I fall for the FOMO.

I think OP needs to build the site to look good, a newbie is not gonna earn reputation if you don't have enough budget to market your site.
0.001 eth is too affordable, but if the reputation of the site is not good, then I would pass.

Source is there for you to inspect.

[beerlover]

It is not really depending on the whales because even if you are a whale you have to be active all the time in order to win it, however bots would be a big trouble, I mean if someone cracks the API enough to bet whenever someone bets and has enough money to bet seconds after someone bets then they would have a high chance of winning the total prize and they would totally earn the prize.

Even with a lot of money and a great bot there could be small fish like us who could win depending on luck but that luck gets smaller when bots get involved. Maybe there could be some sort of time limit, like whenever someone bets there needs to be a 5-10 second window where it is not allowed to bet, if that person wins he wins it if not then anyone can bet on top of that, which stops the bots.

[Luxo42]

Source code of smart contract is not designed properly.
Owner can take all the money bypassing the rules of game.

If you are referring to reentrancy attacks by external contract calls, Ethereum was updated in late 2016 to prevent "transfer" function from having enough gas to carry out such an attack.

No, it's not about reentrancy.
Steps to attack:
1. addEntry()
2. changeContractFeeAddress(destroyed contract)
And now nobody can addEntry()
3. wait and claimLottery() to get whole balance

[happypsyduck]

Source code of smart contract is not designed properly.
Owner can take all the money bypassing the rules of game.

If you are referring to reentrancy attacks by external contract calls, Ethereum was updated in late 2016 to prevent "transfer" function from having enough gas to carry out such an attack.

No, it's not about reentrancy.
Steps to attack:
1. addEntry()
2. changeContractFeeAddress(destroyed contract)
And now nobody can addEntry()
3. wait and claimLottery() to get whole balance

Ethereum allows transfers to selfdestructed contracts so even in that situation it shouldn't stop the game.

It is not really depending on the whales because even if you are a whale you have to be active all the time in order to win it, however bots would be a big trouble, I mean if someone cracks the API enough to bet whenever someone bets and has enough money to bet seconds after someone bets then they would have a high chance of winning the total prize and they would totally earn the prize.

Even with a lot of money and a great bot there could be small fish like us who could win depending on luck but that luck gets smaller when bots get involved. Maybe there could be some sort of time limit, like whenever someone bets there needs to be a 5-10 second window where it is not allowed to bet, if that person wins he wins it if not then anyone can bet on top of that, which stops the bots.

That would essentially move the deadline forward by a few seconds to which the bots would adjust by front-running and preventing all transactions immediately after it to fail. Even bots (which are designed by humans) have limits on what they would put in. In the case of bots competing against each other, it would be wise for the designers of the bots to implement such limits.

In is also possible that this game will not gain much interest and the person who put in 3 days ago will win it. I will write up a post game analysis once the game ends.

[happypsyduck]

42 Hours remain before the last player wins 2.0039 ETH

[TimeTeller]

42 Hours remain before the last player wins 2.0039 ETH

Are you going to hold another round of lottery after this?
I want to see first how this round will go and see the actual winner.
And if possible, if he can confirm his winnings here in the forum.
So people will stop speculating that it may be one of your accounts or so.

[happypsyduck]

42 Hours remain before the last player wins 2.0039 ETH

Are you going to hold another round of lottery after this?
I want to see first how this round will go and see the actual winner.
And if possible, if he can confirm his winnings here in the forum.
So people will stop speculating that it may be one of your accounts or so.

Funding and starting a Round 2 depends on the interest level of Round 1, which is TBD. Since this game is ran by an anonymous smart contract, it is not possible to keep track of who is entering, the winner would have to volunteer that information.

[Upgate]

Simple FOMO is a new game theory based lottery that rewards the last person to enter the lottery with the entire pot when the deadline expires. Each time a person enters the game, the deadline is potentially extended based on how close that person is to the deadline. Also, as more people enter the pool, the cost to enter the game increases.

I don't understand how this work why is the pot meant for the last person and can an individual get in more than once. Also if the deadline is extended when a new person enter this means that the game is till infinity

[Luxo42]

Ethereum allows transfers to selfdestructed contracts so even in that situation it shouldn't stop the game.

My bad. Anyway, just replace "self-destructed" contract with a "contract that causes error".

[happypsyduck]

Simple FOMO is a new game theory based lottery that rewards the last person to enter the lottery with the entire pot when the deadline expires. Each time a person enters the game, the deadline is potentially extended based on how close that person is to the deadline. Also, as more people enter the pool, the cost to enter the game increases.

I don't understand how this work why is the pot meant for the last person and can an individual get in more than once. Also if the deadline is extended when a new person enter this means that the game is till infinity

Yeah, anyone can enter more than once. The game will end when the entries stop (which isn't an infinite time).