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Topic: [ETH] Ethstick - A satirical ponzi game with low limits to reduce risk (Read 2528 times)

sr. member
Activity: 273
Merit: 250
Hi Kataksuki, are ponzi games legal? In the USA? I was thinking about writing one for Ethereum classic.
full member
Activity: 154
Merit: 100
The website's getting expensive to maintain, I'm not sure if it'll continue to be around much longer (same goes for the greed pit) if there aren't new deposits.

Luckily, it isn't needed to participate or check the statistics, as you can do that with the Mist Wallet. The contract isn't affected by any crazy bugs like "The DAO", so it's safe in that sense.

Just wanted to let everyone know I'm still alive Wink
member
Activity: 76
Merit: 10
Play Shiny Squirrels - Multiply Your Ether
Anyone still playing?  Wink

Looks like it!  Ethereum is young and just beginning to gain major traction, these things could go indefinitely.  Smiley
newbie
Activity: 13
Merit: 0
Anyone still playing?  Wink
full member
Activity: 154
Merit: 100

Hah, that's funny they used your well written contract as their example, when in fact they simply failed to understand the code.  There are plenty of excellent examples out there of Ethereum contracts with fatal flaws that would make good write-ups, but EthStick doesn't belong on that list. Smiley


I know, right? It's sad to see people don't even try. If you're gonna write about Ethereum, at least make some proper research and don't talk out of your ass. It's like the guy cared more about page hits than about truth/accuracy.

In other news, there have been some recent problems with the website, but it should be fixed now. The CDN that hosted the connection library was refusing connections for some reason, so I'm now using the file from the server itself.
member
Activity: 76
Merit: 10
Play Shiny Squirrels - Multiply Your Ether
The website got 500+ new visitors this week after Tech Crunch mentioned an article that talked about Ethstick (sadly the publicity was bad as the author misinterpreted the code, but it's some crazy exposure anyway). He updated his post with my reply to his concerns on Reddit after I contacted him.

For those curious:

http://techcrunch.com/2016/05/22/all-the-cool-kids-are-doing-ethereum-now/
http://vessenes.com/ethereum-contracts-are-going-to-be-candy-for-hackers/

Clarification:

https://www.reddit.com/r/ethtrader/comments/4jz1mp/ethereum_contracts_are_going_to_be_candy_for/d3b608f

Have a good day everyone, and feel free to chase some more carrots!

Hah, that's funny they used your well written contract as their example, when in fact they simply failed to understand the code.  There are plenty of excellent examples out there of Ethereum contracts with fatal flaws that would make good write-ups, but EthStick doesn't belong on that list. Smiley

full member
Activity: 154
Merit: 100
The website got 500+ new visitors this week after Tech Crunch mentioned an article that talked about Ethstick (sadly the publicity was bad as the author misinterpreted the code, but it's some crazy exposure anyway). He updated his post with my reply to his concerns on Reddit after I contacted him.

For those curious:

http://techcrunch.com/2016/05/22/all-the-cool-kids-are-doing-ethereum-now/
http://vessenes.com/ethereum-contracts-are-going-to-be-candy-for-hackers/

Clarification:

https://www.reddit.com/r/ethtrader/comments/4jz1mp/ethereum_contracts_are_going_to_be_candy_for/d3b608f

Have a good day everyone, and feel free to chase some more carrots!
full member
Activity: 154
Merit: 100
146 payouts so far, not too shabby  Smiley
member
Activity: 76
Merit: 10
Play Shiny Squirrels - Multiply Your Ether
I wouldn't assume it's anywhere near over.  People are learning about Ethereum every day and discovering for the first time what we've been exploring for a while now.  Several exchanges have recently enabled ETH trading and The DAO should be getting the attention of curious outsiders.  You have to be a little patient to receive a 120% ROI without any effort.  There are a lot of people yet to even discover this, give it time  Wink

Ethstick paid out another 6 ETH just a few hours ago  Cheesy
newbie
Activity: 38
Merit: 0
wow super slow, no new deposits for a while now
is this the beginning of the end?
full member
Activity: 154
Merit: 100
kat anyway you can clean your rep? i think its affecting new ppl to invest or not. seeing the negative Sad
No idea, maybe if people give me positive feedback it'll neutralise the negative? I also suspect it's having a negative effect... but I have nothing to hide. The negative feedback I have is mostly from actual scammers, the rest are people that didn't bother to check my apps or are nazis against ponzi games, even if they're legit and transparent.
newbie
Activity: 38
Merit: 0
kat anyway you can clean your rep? i think its affecting new ppl to invest or not. seeing the negative Sad
member
Activity: 76
Merit: 10
Play Shiny Squirrels - Multiply Your Ether
Looking good!  This is still one of my favorite ETH games  Cheesy
full member
Activity: 154
Merit: 100
4 new payouts + 1 user fee in the last 24h, good job guys Smiley
newbie
Activity: 38
Merit: 0
wow looks like someone just deposited with poloniex wallet.
remember guys deposit from personal wallet only, like through mist ethereum wallet,
full member
Activity: 154
Merit: 100
It seems most contracts are stuck, I guess the price drop is making a lot of people lose interest.

The contract is here to stay, so even if there's no activity it doesn't mean that it'll always be that way. Ethereum is still in its infancy, after all.

Releasing new apps seems to be a waste of time, I'll probably wait for things to mature (both in terms of technology and community) before I release my next big project. For now we have this one, the greed pit, and my latest project LuckyDoubler, which unlike traditional ponzi games, has a random payout system: https://bitcointalksearch.org/topic/delete-1447675

If you have some ethers you don't mind parting with, try giving some of my apps a try and someday you might get a nice surprise Wink
If you want a fast profit your best bet is LuckyDoubler, as it has a 20% chance to give you an instant payout (contract address 0xF767fCA8e65d03fE16D4e38810f5E5376c3372A8).
full member
Activity: 154
Merit: 100
We've reached 200 deposits and the next payout is only 1.6 ethers away. Things have been slow recently, but we're not stuck Smiley

Keep in mind that there are many small deposits in the queue, so bigger deposits (3+ ETH) would result in more payouts being made.
newbie
Activity: 6
Merit: 0
If you want a satirical Ponzi: see our "government simulation" By the way - is has a 1100ETH jackpot and it is growing: governmental.github.io/GovernMental/
full member
Activity: 154
Merit: 100
Just 4 more ETH to catch the next carrot guys
3 now. Website is up to 220+ visitors, I'll add a FAQ / more info soon for those who don't bother to read the thread or review the source code.
newbie
Activity: 13
Merit: 0
Just 4 more ETH to catch the next carrot guys
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