Here, if someone has been paid out, that entry is automatically exiting the pyramid and he will have to re-enter if he wants to earn more money.
Of course it is possible to have multiple entries open at the same time.
This keeps the pyramid short and ensures fast payouts, because there is nobody at the top who keeps receiving money infinitely.
So the money of new entrants is not being used to pay everyone above him.
No, instead the money of a new entrant is only used to pay the next one in the queue who has not received a payment yet.
So instead of having one guy who's getting way more money than the others ones,
in this scheme everyone receives exactly x1.5 the amount of money of what they've sent.
This ensures many more winners and that's why I like this kind of pyramid way more than the other ones
Great analysis of the pyramid. This was what I had hoped the pyramid would achieve, and it is doing quite good. However, I hope some more votes come in, due to the growth of the pyramid, payout SHOULD be lowered to 1.4x to keep up about the same speed of payouts, as we're approaching 1/3 of participants awaiting payout. At 1/2 I will have to set it to 1.2x, from my calculations. I did a whole excel sheet, to see what the best equilibrium is, balancing payout speed with payout amount.
And yes, March 11th exceeded all my expectations, the contract cleared over 4000 Ether in one day.
Great things are happening for the pyramid. I expect to see it grow even more in the upcoming days. Say, what will happen if more and more people get into the pyramid? Will the payout rate be lower than 1.2x or will it be the lowest limit set? Just wondering.
Payout cannot go below 1.2x, that is the bare minimum. However, even when it becomes 1.2x, if people ask for promo 3x, or something, I will do that for a limited amount of time.