is this the same as piggy coin?
No, i dont know what is that.
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.
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?