Topic: Experimental p2p 120% raiblocks ponzi (Read 670 times)

it's working

yeah i got it up and running is this p2p project working? Or is it done?

do you have the old wallet or did you just downloaded it?
if you just downloaded it, just open the wallet and wait. However, the faucet is not istantaneous, it will pay in 07h 21min from now.

How do i get my wallet to sync up?

it ends when nobody sends money to the last player who paid

Yes I see now I have sent to myself   mmmm

So the ponzi will stop when an user decide to not pay anymore ... It's right yes?

https://raiblockscommunity.net/explorer/index.php?h=EFEF722587CE0702AD2AF52A3CA050DE29E9DC785C69853BA1BDE8B5CF560DF1
it seems that you sent that 12rai to yourself

purpose of p2p is that the "owner" of the game can't run out with money: all money pass form user to user, there is not a third party that hold's user's money.

I sent EFEF722587CE0702AD2AF52A3CA050DE29E9DC785C69853BA1BDE8B5CF560DF1 12 rai to the second round but I see too late.

Ps what is the sense of a "p2p" ponzi?!? Just to understand why you want try this out...

oh, we have the first player! 

Round 2 is over (tx: https://raiblockscommunity.net/explorer/index.php?h=B05370EAC6B65D1DD4677E45A248E28FDD9736AF21D94B456F1DE28ACBD56D28).
Next round is round 3.
To participate, send 14 rai to address xrb_3k1g6cwe3gitjhsx41e6oo48yc4phrtesb6wkupmduijrba3g6w8xsenrfnq

ok, i made the first round to start

Round 1 is over (tx: https://raiblockscommunity.net/explorer/index.php?h=4D174B0F7C8995267F071C316C09B8B65D28A61036C7D13D03A9EF67EC03D7A8).
Next round is round 2.
To participate, send 12 rai to address xrb_1eo8sq54t6ibjct76mnnjzm5o5ymk7api4rcw6n7153xs4gtatg7nerihsq8

This "ponzi" is only a test for my idea (https://bitcointalksearch.org/topic/m.16134410) of a p2p ponzi.

Basic ideas of this test:
- i'll take no fees
- we'll play with ridiculously small amount of money (<<0.01 $), in order to not get scam accusations ecc
- for this test we'll not use bitcoin, but a "play coin" (raiblocks)
- i choose raiblocks because:
      - it has no txfee
      - tx are very fast (few seconds)
      - it has a great faucet (https://raiblockscommunity.net/faucet/), you can use it to get some money to play.


Here is a scheme of the game:



the basic idea is that every player send money directly to the previous player, so the "owner" of the ponzi (in this case me) can't scam and keep the money for itself.

Rules:
- in order to keep the flow of the game ordered an clear, you can send money only after i say on the thread "round x is over. Next round is round x+1. To participate, send y rai to address [address]"
- if a player send an amount of money before i write the above message, his game is not valid and he'll not pass that round. The receiver can do what he wants with that money (return it, keep it, spend it).
- if a player send an amount of money different from the exact due amount, his game is not valid and he'll not pass that round. The receiver can do what he wants with that money (return it, keep it, spend it).
- the game will end after 3 days from the last transaction

FAQ:
Q: omg a ponzi!!! you want to scam!!! ill' mark you with -1000 reputation
A: read above, i can't scam because of the p2p mechanism. Moreover amount of money are ridicoulus: 1Mrai (1 million of rai) it's about 30 satoshi, so 10 rai are about 0.0000000027$. Not a big amount to scam.

Q: where is the faucet?
A: https://raiblockscommunity.net/faucet/  A single claim of the faucet will give you about 10 million rai.

Q: what are exactly mrai, rai ecc?
A:
rai is the basic unit
1 krai = 1000 rai
1 mrai = 1000000 rai = 1000 krai
Please do not confuse rai and mrai and send the right amount!