Topic: Play Simple FOMO Round 2 - Top entrant and last entrant now split the pot evenly - page 4. (Read 590 times)

I didn't look at the ETH smart contract or verify it, but I am sure you can easily hire some 3rd party developer who can do an audit. This isn't the issue.

The problem is that this type of game is mostly geared towards the one who has more money. Basically any large whale can code some bot which will keep sending money to the pot until they are the winner. Eventually all the little guys will run out of funds and only the richest whale will be left standing. Not really fair in my opinion. Its also not really considered gambling.

I think they got this idea from all those Youtube videos where you can keep a car if you are the last person sitting inside it after the other players get tired and exit. Don't remember the name but I think the channel was called "MrBeast" but they didn't risk anything except their time. This game is different.

This is a lottery game, someone will eventually win when no other person enters the game. When you play a normal lottery, your odds of winning are low but you don't call it a scam because you didn't win.

So, the games end with the last man entering the game and that last man gets the entire pot. This is a never ending game cause the deadline gets extended with the last man. Why would anyone play this game when no one know when this game ends. I am not sure if it falls under a Ponzi scheme. I think it would be right to call it a scam.

They will extend the deadline to get more money. Pretty simple! Are there still players willing to play in this kind of game? Just by looking at his website, I won't send any dime on my end. This is just money-grabbing scheme from naive users. Even a third grader can create that kind of game and maybe design a better UI.

I too had the same thinking, with this game if the expected slots hasn't reached by the scheduled time, surely the authority will try to extend the time provided. This will manipulate the winner according to the organizer. There can be Alternate plans, but all those need to be executed at the right time.

The game is an Ethereum smart contract. The rules of the game are found in the public source code of that contract. I have no control over the flow of funds in that contract. This is the benefit of using Ethereum smart contracts. The game cannot be modified by the creator.

You can view the contract source here:
https://etherscan.io/address/0xa5a9B6a783D17C15822D3e70dbb1E59D736284eF#code

It's a never ending game if you could alter the deadline due to more player is joining your game. I can sense that you have the control of who's the winner you wanted to win. It's just unfair to make something like this without a clear picture of who would be the winner because you can alter the result if you do so. Just think about it if you put a timer on when would you end it, do you think that more player will join before the deadline?

I will try to address each person's point in this response:


This is not a ponzi as only the last person to enter wins the pot. In ponzi schemes, the last person to enter is the loser as everyone who has entered before benefits from that last person.

The website was designed to be easy to understand. The contract can be publicly viewed by any person and the source code of the website is there for anyone to see.

If you check the contract that controls the rules of the game, I can't just bump the deadline. It requires an entry cost that is continuously increasing. Your chance of winning is hard to predict since there are so many unknowns.

Remember that with each entry close to the deadline, it pushes the deadline forward, so it is not so obvious who the winner of this game will be.

The contract listed on the website is the escrow, which is governed by the rules of the smart contract that is publicly viewable. Ethereum allows such functionality.

I bet ... someone will bot this. If legit. Publish an address secured by escrow and a fixed deadline based on block height, that would be more legit.

Obviously, you will be the last one who enters the game and win the whole people's money.

Classic!

This is like a Ponzi Scheme but only the top tier entity [that is you] will always win. Why would anybody keep on sending money when you can always bump the deadline once it's closer to finish? Pathetic Scam Attempt OP.

I've more chances of getting hit by a train inside my room than winning your lottery.

I wonder why people still post things like this even though it's definitely not legit. I don't think someone will play this game plus the site is poorly constructed and no other information shown in there so it's likely to be a ponzi scheme type of site just mentioned earlier.

An another FOMO3D ponzi like game that would never end since people would really tend or would strive hard to be placed on the last spot.

This kind of game and its popularity is long time gone and dont expect for people to join up the same thing all over.

Simple FOMO returns in a new round! The rules are slightly different than the previous round. The game is a game theory based lottery that rewards both the last person to enter the lottery and now the person with the most entries when the deadline expires. There will be 2 winners. Each time a person enters the game, the deadline is potentially extended based on how close that person is to the deadline. Also, as more people enter the pool, the cost to enter the game increases. For this round, it is advantageous to enter the game earlier as all entries are equal and earlier ones cost less.

The game itself is a smart contract that is ran on the Ethereum blockchain therefore it cannot be changed or manipulated by the creator of the contract. Any and all transactions to the contract are publicly viewable. There is no house advantage.

The initial pot size is 2 ETH.

The initial cost to enter is 0.001 ETH.

The initial deadline is Nov 16th, 2019 14:10:54 UTC.

Game Website:
https://happypsyduck.github.io/simple-fomo/

GitHub Source:
https://github.com/happypsyduck/simple-fomo

Contract on Etherscan:
https://etherscan.io/address/0xa7565a3E2d0044b8BC887Bc6451f6e70ac551462


Old Rounds:

---

Simple FOMO is a new game theory based lottery that rewards the last person to enter the lottery with the entire pot when the deadline expires. Each time a person enters the game, the deadline is potentially extended based on how close that person is to the deadline. Also, as more people enter the pool, the cost to enter the game increases.

The game itself is a smart contract that is ran on the Ethereum blockchain therefore it cannot be changed or manipulated by the creator of the contract. Any and all transactions to the contract are publicly viewable. The game rules are viewable in the source code. Check it out here:
https://etherscan.io/address/0xa5a9B6a783D17C15822D3e70dbb1E59D736284eF#code

The initial pot size is 2 ETH.

The initial cost to enter is 0.001 ETH.

The initial deadline is Nov 8th, 2019 11:16:00 UTC.

Game Website:
https://happypsyduck.github.io/simple-fomo/

GitHub Source:
https://github.com/happypsyduck/simple-fomo