Topic: [ETH] Wealth Redistribution Contract Experiment - 0% FEES - - page 3. (Read 1949 times)

Interesting,

Everyone's gain is tending toward 0 asymptotically in theory.

You can do some maths :

If you are the first to play : you will win 2 Eth !
 2th : you will eventually regain your 1 Eth
 3th : 0.66 Eth
 4th : 0.5 Eth
 >10th : you will accumulate 0.2 Eth
 >20th : you will accumulate 0.1 Eth
 and so on ...


I don't get why some people invest many times 1 Eth, it won't increase profit at all.

The last thing we need are more copy paste jobs. Every other thread in this subforum has become a cancerous useless dapp advertisement in the past few days.

  ???Can someone create the same but with no-limits on deposits?

Cool, I tried this one out and it seems to work indeed. 

I love it

Can someone create GUI for this?

The contract seems to be working flawlessly. The 5th payment just came in and it split it .25 each to the previous 4 addresses.

See it on the blockchain:
http://etherscan.io/address/0x3325439082FF8ba7371DFdAa1AF297bBfcAc21b2#internaltx

One person tried to send .001 ETH and another person tried to sent 20ETH from a contract.
Both of these transactions were rejected and returned, the contract only will accept 1 ETH.

** Please keep in mind this contract is for educational and entertainment purposes only and was created to understand the limitations of ETH contracts. **

The way it works is very simple. Send 1 ETH to:
0x3325439082FF8ba7371DFdAa1AF297bBfcAc21b2

For each ETH that comes in, the contract will redistribute that wealth among everyone who has put in before that.

The only fees taken are the actual GAS fees by the ETH network.

NO FEES GO TO THE CONTRACT CREATOR WHATSOEVER!

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By experimenting with this contract, any transaction fees you incur will be sent directly to the MINERS who are securing the ETH network.

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Source Code For Contract so you can verify:
https://live.ether.camp/account/3325439082ff8ba7371dfdaa1af297bbfcac21b2/contract

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This webpage shows you all stats for this contract:
http://contractsjust4fun.github.io/WealthRedistributionExperiment/

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To test the contract for yourself, load up Mist wallet and send 1 ETH to 0x3325439082FF8ba7371DFdAa1AF297bBfcAc21b2

Then send 1 ETH from a different address.

Watch as the first address receives some ETH from the second payment! Fun times!
Now you have 2 spots which will receive ETH every time someone after you sends a payment.

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If people continue to experiment with this contract in the future, you could be collecting payments for years to come!


Part of the experiment is to see how many people we can get into the contract before the GAS becomes too expensive for this contract to run.

Feel good knowing all fees generated from this experiment go directly into the hands of the miners helping to secure the ETH network. Too many greedy contract creators on this forum.

Comments, questions, suggestions are all welcome.