Topic: [ETH] [BUGGED] The 'Plus One Ponzi' scheme 9.01 ETH input only (Read 348 times)
No it's not. At the moment of writing 9.01 ETH is 450500 satoshi. http://ether.fund/tool/converter
Im feeling you will run before the first depisitor payout mate.
9ETH is like 10 million satoshi.
9ETH is like 10 million satoshi.
This one is bugged so... Don't
Also, Here is a link to my blogpost HOW this is bugged.
This is also another feeless ponzi that is only the first half of the 'nice guy ponzi' idea. I call this one the 'Plus one ponzi'. It's a really simple ponzi. You add in 9.01 ETH and 10 ETH comes out.
0x16A4ff536001405f2B0d7ddAfC79f6A10D024640 only 9.01 ETH goes in 10 ETH goes out!
You can ONLY insert 9.01 ETH not more and not less, and 10 ETH will always come out if enough people join. The 0.01 ETH is NOT the fee for the smart contract.
The reason I've done the extra 0.01 ETH is to make clear how a ponzi works for everyone. Look at the numbered list below and see how the balance of the smart-contract changes per every investor.
1) 9.01 ETH in the balance of the smart-contract.
2) 8.02 ETH
3) 7.03 ETH
4) 6.04 ETH
5) Etc.
As you can see the number after the decimal keeps counting up. That way you can safely assume if it's smart or not to get into the ponzi. Be safe and play for fun.
Here is the source code http://etherscan.io/address/0x16A4ff536001405f2B0d7ddAfC79f6A10D024640#code. Use this smart-contract if you want to study the workings of ponzischemes.
Please look at my new blog:
https://notanotherponzi.wordpress.com/
Also, Here is a link to my blogpost HOW this is bugged.
This is also another feeless ponzi that is only the first half of the 'nice guy ponzi' idea. I call this one the 'Plus one ponzi'. It's a really simple ponzi. You add in 9.01 ETH and 10 ETH comes out.
0x16A4ff536001405f2B0d7ddAfC79f6A10D024640 only 9.01 ETH goes in 10 ETH goes out!
You can ONLY insert 9.01 ETH not more and not less, and 10 ETH will always come out if enough people join. The 0.01 ETH is NOT the fee for the smart contract.
The reason I've done the extra 0.01 ETH is to make clear how a ponzi works for everyone. Look at the numbered list below and see how the balance of the smart-contract changes per every investor.
1) 9.01 ETH in the balance of the smart-contract.
2) 8.02 ETH
3) 7.03 ETH
4) 6.04 ETH
5) Etc.
As you can see the number after the decimal keeps counting up. That way you can safely assume if it's smart or not to get into the ponzi. Be safe and play for fun.
Here is the source code http://etherscan.io/address/0x16A4ff536001405f2B0d7ddAfC79f6A10D024640#code. Use this smart-contract if you want to study the workings of ponzischemes.
Please look at my new blog:
https://notanotherponzi.wordpress.com/
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