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Topic: [ETH] EtherDoubler.com - the first doubler with verified contract (Read 2535 times)

legendary
Activity: 1806
Merit: 1003
Is this contract still active? I see the website is gone, but contract should still work right?
full member
Activity: 182
Merit: 100
I'm seriously dumbfounded why this contract is so popular. I have a much superior pyramid I made a few days ago, you can find my posting here if interested, but the code behind this pyramid is terrible, and the intentions of its creator are questionable.

Take for example:
Code:
        // collect fees and update contract balance
        if (idx != 0) {
            collectedFees += msg.value / 10;
            balance += msg.value;
        }
        else {
            // first participant has no one above him,
            // so it goes all to fees
            collectedFees += msg.value;
        }

Basically this piece of code ensures the first person's investment goes fully to the owner, guess who the first person that invested was, the script writer himself. So technically, the script writer gave himself a 3x payout, because he invested 5 ether, and got a total of 15 out of it.

Here's an example of how your payouts are being severely undercut:
Code:
uint transactionAmount = 2 * (participants[payoutIdx].amount - participants[payoutIdx].amount / 10);
Let's say you invest 1 Ether.
2 * (1 - 1/10)
2 * (0.9)
1.8
This is a "doubler" contract, yet your payout is only 1.8x? False advertisement much?


The next issue, and most major one of all is that the contract is only capable of ever paying out one person at a time. This means if there's 1 million people in the pyramid, waiting to be paid out 1.8 Ether each, and someone comes into the pyramid and puts in 1,800,000 Ether, all the others in the pyramid, should be paid out right? Keyword here, SHOULD, but they are NOT. This contract would ONLY pay out 1.8 ether, to ONE person after the 1.8M enters the pyramid. This means, for the other million to be paid out, irregardless of how much is in the pyramid, it would take another 1.799M addresses to enter into the pyramid.


This is a scam pyramid, whether on purpose or by way of bad coding. If you'd like one that is more sure fire and actually has had vigorous testing on the testnet, look into my Dynamic Pyramid.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
Wow it's work! Now I have x2 my ETH!

I am glad to see it has really worked for you mate! I will give this a try and post back my experience about it. Since this is managed by a smart contract, it should be a safe bet to prevent owner from running away with the ETH.  Smiley
newbie
Activity: 56
Merit: 0
etherdoubler.com

Doubler contract with GETH and MIST integration.
Source code

https://i.imgur.com/xzqexj7.png

NEXT GOALS:
Add Russian and Chinese languages
Add Bitcoin payments


I love this it took a few days to get my payout (360) but its great and thanks to it being run by the smart contract there is no chance of the creator running off with the ether like all the bitcoin ones.
legendary
Activity: 1974
Merit: 1160
member
Activity: 61
Merit: 10
legendary
Activity: 1974
Merit: 1160
hero member
Activity: 867
Merit: 1000
So which doubler is everyone using?
legendary
Activity: 1946
Merit: 1000
fee 0% COOL!!!!
legendary
Activity: 1974
Merit: 1160
NEW DOUBLER NO FEE 0%
send from 0.1 ether tll 50 ether, maller and more impossible, otherwise it will be a gift


MIST: (0x5ff9852f7f75d6ff3ce947ffbac8a929b31f28ae), set gas to 250000


in last receive transaction doubler will close in a week

geth:
Quote
eth.sendTransaction({from: eth.coinbase, value: web3.toWei(1, 'ether'), to: '0x5ff9852f7f75d6ff3ce947ffbac8a929b31f28ae', gas: 250000})

work. i have x2 Grin
member
Activity: 61
Merit: 10
New Ethrereum Doubler

Whats's new?
Fee - 2% (x1.96)
Min deposit - 0.1 ETH
Max deposit - 50 ETH
Fixed transaction delay

Visit
sr. member
Activity: 458
Merit: 250
From nothing to nothing
I'm guessing this is where people who can't afford to make bitcoin ponzi schemes come post. That is saying much considering those ponzi schemes take only around a buck or two to make .
hero member
Activity: 630
Merit: 500
strait up pyramid scam...these are illegal. good luck not ending up in jail  Roll Eyes

lmao it's actually utilizing the Ether functionality of contracts, the funds are not under the control of any person so no one could be jailed and even so the government would not waste their time going after a mini ponzi like this ever.
hero member
Activity: 784
Merit: 500
strait up pyramid scam...these are illegal. good luck not ending up in jail  Roll Eyes

hard to put contracts in jail tho
hero member
Activity: 867
Merit: 1000
It's pretty interesting
sr. member
Activity: 247
Merit: 250
strait up pyramid scam...these are illegal. good luck not ending up in jail  Roll Eyes
member
Activity: 61
Merit: 10
So is this like a ponzi or some shit like that?

Either way, wrong section.

It is not ordinary ponzi. All logic performed by Contract on decentralized Ethereum Machine.
Participants' funds are never under the control of the creator but are instead held by the Doubler contract.
In any case, you can try  Smiley
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