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Topic: [ETH] PiggyBank - Earn Ethereum Forever! - page 3. (Read 6065 times)

noobhelper178

newbie

Activity: 42

Merit: 0

Quote from: Coconuter on March 25, 2016, 10:35:00 AM

noobhelper178, i msg you so how come i invested 16hours agoo and the only 3% sent to my wallet got Contract Cancelled ? If the ether address received my fund it should return the investment....

ANd whyAddress: 0xf303bde76a36411b7c0459efdd2e5f7069964203 is receiving 99% of the deposited ether?

you probably sent too small gas, try again with higher gas

Quote from: contractcoordinator on March 25, 2016, 10:35:51 AM

what's left goes to the first few investors, then amount becomes too low and stops the loop, making later investors get nothing?

is amount/33 really 3%?

Just trying to understand how this all works.

no, first me and the investors get paid, but everyone in the loop gets paid, by the order they invested

the balance currently is low, so that is why later investors will get delayed payments, but after the balance gets high, they will get paid

Quote from: DoctorBugsBunny on March 25, 2016, 11:12:49 AM

Is there a way to edit the contract?

if there would be then it would not be transparent

Quote from: Coconuter on March 25, 2016, 11:21:32 AM

Doc, that should be an option to reset contracts like these and refund all transactions once proven its a scam...

Only by asking every wallet involved if they want to reset, within a certain % agrees it should proceed and refund...

Since ethereum are SMART contracts this should be a option and would bring more safety to users...

it's open source ffs, how can it be a scam?

you can see the code right there

newrad

member

Activity: 60

Merit: 10

Wow can't believe I got scammed out of my Eth, and I actually defended this guy. I'm poor and can barely afford food, thanks a lot.

If this is an honest mistake in your coding, refund those who lost, and redo the Piggybank contract. Simple as that.
You'll make more money in the long run being honest than running off with our crumbs.

Coconuter

newbie

Activity: 19

Merit: 0

I lost a bit also!!!

Dont worry theres a thing kalled KARMA in life...

He got 295Ether but life will take 600 ether from him in different events in his life!

Since most of the ether are all stored in one account it would be nice to retrive them tho, or even block it from using it...

DoctorBugsBunny

member

Activity: 74

Merit: 10

As you sow, so shall you reap.

Quote from: Coconuter on March 25, 2016, 11:21:32 AM

I totally agree, if there was a way to edit/reset contracts, I believe there would be less scams.

I just lost about roughly 64 Ether. Undecided

Coconuter

newbie

Activity: 19

Merit: 0

DoctorBugsBunny

member

Activity: 74

Merit: 10

As you sow, so shall you reap.

Quote from: contractcoordinator on March 25, 2016, 10:35:51 AM

so the reason more people are not getting paid is because most of the money is being paid to the owner in fees?

0xf303bde76a36411b7c0459efdd2e5f7069964203

https://etherscan.io/address/0xf303bde76a36411b7c0459efdd2e5f7069964203#internaltx

Code:

                fees += amount / 33; // 3% Fee
                balance += amount; // balance update


                if (fees != 0) {
                        if (balance > fees) {
                                owner.send(fees);
                                balance -= fees; //balance update
                        }
                }

Is there a way to edit the contract?

contractcoordinator

newbie

Activity: 9

Merit: 0

Code:

                fees += amount / 33; // 3% Fee
                balance += amount; // balance update


                if (fees != 0) {
                        if (balance > fees) {
                                owner.send(fees);
                                balance -= fees; //balance update
                        }
                }

Coconuter

newbie

Activity: 19

Merit: 0

noobhelper178

newbie

Activity: 42

Merit: 0

Quote from: contractcoordinator on March 25, 2016, 10:03:29 AM

trying to use this as an example to learn how contracts work.

I believe i've identified the problem in the contract, but i would love to hear from someone who actually knows.

I think the problem is this line:

Code:

                while (balance > investors[k].amount * 3 / 100 && k < total_inv) //exit condition to avoid infinite loop

total_inv is always going to be 0.

so this basically never runs. the only investor that is paid is at id 0, the first investor. ie: the owner.

Can someone else confirm?

Thats nonsense, you cant read the code, the total_inv is set to the lenght of the investors array, which is scaling after each contract execution by +1.

Read it again:

Quote

contract PiggyBank {

  struct InvestorArray {
   address etherAddress;
   uint amount;
  }

  InvestorArray[] public investors;

  uint public k = 0;
  uint public fees;
  uint public balance = 0;
  address public owner;

  // simple single-sig function modifier
  modifier onlyowner { if (msg.sender == owner) _ }

  // this function is executed at initialization and sets the owner of the contract
  function PiggyBank() {
   owner = msg.sender;
  }

  // fallback function - simple transactions trigger this
  function() {
   enter();
  }

  function enter() {
   if (msg.value < 50 finney) {
   msg.sender.send(msg.value);
   return;
   }

   uint amount=msg.value;

   // add a new participant to array
uint total_inv = investors.length;
investors.length += 1;
   investors[total_inv].etherAddress = msg.sender;
   investors[total_inv].amount = amount;

   // collect fees and update contract balance

   fees += amount / 33; // 3% Fee
   balance += amount; // balance update

   if (fees != 0)
   {
      if(balance>fees)
   {
       owner.send(fees);
       balance -= fees; //balance update
   }
   }

   // 4% interest distributed to the investors
   uint transactionAmount;

   while (balance > investors[k].amount * 3/100 && k) //exit condition to avoid infinite loop
   {

   if(k%25==0 && balance > investors[k].amount * 9/100)
   {
   transactionAmount = investors[k].amount * 9/100;
   investors[k].etherAddress.send(transactionAmount);
   balance -= investors[k].amount * 9/100; //balance update
   }
   else
   {
   transactionAmount = investors[k].amount *3/100;
   investors[k].etherAddress.send(transactionAmount);
   balance -= investors[k].amount *3/100; //balance update
   }

   k += 1;
   }

   //----------------end enter
  }

  function setOwner(address new_owner) onlyowner {
   owner = new_owner;
  }
}

contractcoordinator

newbie

Activity: 9

Merit: 0

Re: [ETH] PiggyBank - Earn Ethereum Forever!

March 25, 2016, 10:03:29 AM

#45

trying to use this as an example to learn how contracts work.

I believe i've identified the problem in the contract, but i would love to hear from someone who actually knows.

I think the problem is this line:
Code:
while (balance > investors[k].amount * 3 / 100 && k < total_inv) //exit condition to avoid infinite loop

total_inv is always going to be 0.

so this basically never runs. the only investor that is paid is at id 0, the first investor. ie: the owner.

Can someone else confirm?

Polly Stripe

hero member

Activity: 490

Merit: 500

Re: [ETH] PiggyBank - Earn Ethereum Forever!

March 25, 2016, 09:50:56 AM

#44

Quote from: DoctorBugsBunny on March 25, 2016, 09:35:27 AM
GUYS! Do not invest in this until op answers why this address is taking most of the profit funds from the contract:

Address: 0xf303bde76a36411b7c0459efdd2e5f7069964203

That address has only deposited 0.51 Ether, and it's receiving mostly all the profits from the contract.

Here's the etherscan website to check it out yourself. OP can you explain this?

https://etherscan.io/address/0xf303bde76a36411b7c0459efdd2e5f7069964203#internaltx

Finally it's someone had seen. Guys is better to use proven doublers

Small queue, tested code, honest developers.

http://rubixi.wix.com/hello

http://eth-eth.com/

http://double-ethe.rhcloud.com/

http://protect-the-castle.ether-contract.org/

DoctorBugsBunny

member

Activity: 74

Merit: 10

As you sow, so shall you reap.

Re: [ETH] PiggyBank - Earn Ethereum Forever!

March 25, 2016, 09:35:27 AM

#43

GUYS! Do not invest in this until op answers why this address is taking most of the profit funds from the contract:

Address: 0xf303bde76a36411b7c0459efdd2e5f7069964203

That address has only deposited 0.51 Ether, and it's receiving mostly all the profits from the contract.

Here's the etherscan website to check it out yourself. OP can you explain this?

https://etherscan.io/address/0xf303bde76a36411b7c0459efdd2e5f7069964203#internaltx

Coconuter

newbie

Activity: 19

Merit: 0

Re: [ETH] PiggyBank - Earn Ethereum Forever!

March 25, 2016, 09:33:04 AM

#42

It says that the Contract of the 3% that was sent to me was cancelled.... Either way many others have signed after me and i should have received 3% each investor right ? so its not working...

alani123

legendary

Activity: 2422

Merit: 1451

Leading Crypto Sports Betting & Casino Platform

Re: [ETH] PiggyBank - Earn Ethereum Forever!

March 25, 2016, 09:22:11 AM

#41

FYI, the code on this seems broken. Also OP didn't mention the fee he gets.

DoctorBugsBunny

member

Activity: 74

Merit: 10

As you sow, so shall you reap.

Re: [ETH] PiggyBank - Earn Ethereum Forever!

March 25, 2016, 09:15:14 AM

#40

Quote from: Coconuter on March 25, 2016, 09:06:53 AM
I message the developer... in where i deposited ether 15hours ago and it shows on log! Around 10 minutes later has a log saying that it sent me 3% of my initial investment but i didnt received nothing on my wallet.

Since my initial investment i guess over 25 new people invested on Piggy Bank or even more... and even so nothing was sent to my wallet...

I have only received one payout, but ever since then I have not received anything. I advise people not to invest until op clarifies this.

Coconuter

newbie

Activity: 19

Merit: 0

Re: [ETH] PiggyBank - Earn Ethereum Forever!

March 25, 2016, 09:06:53 AM

#39

I message the developer... in where i deposited ether 15hours ago and it shows on log! Around 10 minutes later has a log saying that it sent me 3% of my initial investment but i didnt received nothing on my wallet.

Since my initial investment i guess over 25 new people invested on Piggy Bank or even more... and even so nothing was sent to my wallet...

newrad

member

Activity: 60

Merit: 10

Re: [ETH] PiggyBank - Earn Ethereum Forever!

March 25, 2016, 09:06:03 AM

#38

Quote from: d57heinz on March 25, 2016, 06:05:01 AM
Quote from: newrad on March 25, 2016, 03:22:45 AM
Quote from: Pk880058 on March 25, 2016, 02:43:06 AM
Quote from: noobhelper178 on March 24, 2016, 12:14:52 PM
Quote from: jmendozaf on March 24, 2016, 10:54:47 AM
where I put my wallet address?

What do you mean, i dont understand

Quote from: m4nki on March 24, 2016, 10:55:41 AM
Quote
Until the Balance is higher than 0 , payments will go out!

How is the payout hierarchy?

Are people who deposited first, being paid first?

Yes, the order of payment is the order of deposit.

The those that deposited first get paid first, and so it goes on.

But everyone gets paid after more people deposit.

Quote from: merelcoin on March 24, 2016, 11:07:37 AM
Can you explain a bit better? Where is the ETH coming from?

Deposit amounts arent equal, and after the balance goes to 0, which will be very far in the future, it just pauses the system until more people deposit.

So if the system has to payout 100 ether to an investor in the line and there is only 10 ether in balance, then it waits for another 90 ether, and then it will be paid out

You can track deposits/payouts here:
https://etherscan.io/address/0xdcb13FA157eeBF22dDC8C9aA1d6E394810De6FA3

AFter seeing full concept and reply , if their is no more investor then what will happen to the investor who have invested their ETH.

Most of the reply are from Newbies , this is smelling some fishy i think, and even one of the user gave a full details about the investment and it is clear that in on certain point your bank will become negative,

So now i am confirm that this is a scam scheme to scam user.

Beware users who ever is going to invest it. its a ponzi scheme to scam.

It is indeed a Ponzi, but that doesn't necessarily mean it's a scam.
The contract is viewable by the public.

You must realize that the Ponzi is fully automated, therefore as long as new investors come in everyone will get their money.

If no new users come in, the users who've already invested will not receive anything until new investors come in. That's how a Ponzi works. It takes full cooperation of everyone, and trust in the contract.

That's why I said that those who wish to continue to profit from the Piggybank should consider doing their part in introducing new ~~investors~~>>suckers!

The OP and friends are the only ones that stand to make anything because if you dont do "YOUR part" which is scamming more suckers. then you will lose your invest.. How is this good image for ethereum?? And why cant you put your time to good use instead of always trying to make a cheap dollar??

Best Regards
d57heinz

It's not a scam.

Since you feel this is a "scam", provide valid proof.
Show me where in the ethereum contract there is a scam.

This is a public, automated, contract on the ethereum system, therefore if it were a scam you should easily be able to identify it.

DoctorBugsBunny

member

Activity: 74

Merit: 10

As you sow, so shall you reap.

Re: [ETH] PiggyBank - Earn Ethereum Forever!

March 25, 2016, 09:04:06 AM

#37

Quote from: clangtrump on March 25, 2016, 09:00:05 AM
Quote from: clangtrump on March 24, 2016, 09:25:34 AM
Interesting, i`m getting paid tomorrow, so i`ll just buy ethereum and invest in this.

I would like a ethereum income for myself, and this looks perfect.

----------------------------------------------------------------------------------------

Op does this mean that i will earn from this forever??

OMG, this game has become very popular.

I just got my payment, and have bought 10 BTC with it, now i`m gonna buy ETH and invest in Piggybank.

I regret that i could not invest earlier, but now i`m ready to make big money

I would advise not investing until OP clarifies why I have not received my other payouts.

clangtrump

full member

Activity: 168

Merit: 100

Re: [ETH] PiggyBank - Earn Ethereum Forever!

March 25, 2016, 09:00:05 AM

#36

Quote from: clangtrump on March 24, 2016, 09:25:34 AM
Interesting, i`m getting paid tomorrow, so i`ll just buy ethereum and invest in this.

I would like a ethereum income for myself, and this looks perfect.

----------------------------------------------------------------------------------------

Op does this mean that i will earn from this forever??

OMG, this game has become very popular.

I just got my payment, and have bought 10 BTC with it, now i`m gonna buy ETH and invest in Piggybank.

I regret that i could not invest earlier, but now i`m ready to make big money

DoctorBugsBunny

member

Activity: 74

Merit: 10

As you sow, so shall you reap.

Re: [ETH] PiggyBank - Earn Ethereum Forever!

March 25, 2016, 06:16:24 AM

#35

Quote from: noobhelper178 on March 25, 2016, 05:04:44 AM
Quote from: jw_industry on March 25, 2016, 02:39:53 AM
is this the same as piggy coin?

No, i dont know what is that.

Quote from: Pk880058 on March 25, 2016, 02:43:06 AM

AFter seeing full concept and reply , if their is no more investor then what will happen to the investor who have invested their ETH.

Most of the reply are from Newbies , this is smelling some fishy i think, and even one of the user gave a full details about the investment and it is clear that in on certain point your bank will become negative,

So now i am confirm that this is a scam scheme to scam user.

Beware users who ever is going to invest it. its a ponzi scheme to scam.

No, all the balance will be paid out eventually.

There are some contracts that have bad programmers, and programmed their contracts that the funds are locked there forever.

This is not the case with PIGGYBANK, i have tested the code rigurously, and it works perfectly, the balance will be paid out after a while.

Quote from: newrad on March 25, 2016, 03:22:45 AM

It is indeed a Ponzi, but that doesn't necessarily mean it's a scam.
The contract is viewable by the public.

You must realize that the Ponzi is fully automated, therefore as long as new investors come in everyone will get their money.

If no new users come in, the users who've already invested will not receive anything until new investors come in. That's how a Ponzi works. It takes full cooperation of everyone, and trust in the contract.

That's why I said that those who wish to continue to profit from the Piggybank should consider doing their part in introducing new investors.

Yep, i have no control over it at this point, that is why it's transparent.

That is how ethereum works, so you dont need to trust me, only trust the code, which you can review anytime.

What do you mean by eventually? I have only been paid out once, and I was one of the early investors. Where are my other payouts?