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Showing 9 of 9 results by contractcoordinator
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Re: [ETH] PiggyBank - Earn Ethereum Forever!
by
contractcoordinator
on 26/03/2016, 16:56:23 UTC
Smart contracts designed to fool stupid people. If you send ETH to 0xdcb13FA157eeBF22dDC8C9aA1d6E394810De6FA3 here is something to do while you wait to get paid back. Learn how to read the code. You will have PLENTY of time...
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Re: [ETH] PiggyBank - Earn Ethereum Forever!
by
contractcoordinator
on 26/03/2016, 12:14:33 UTC
I have received only 1 payment for 24 hours (3%), while your address receives payments always. All new investors get 3% and then - nothing, but your address is always gets coins from new investors - only your address and 3% for new investors. What about old investors? So, what do you say?

The reason is because someone made a very large deposit on that transaction and there was enough after the astronomical fees to pay out some investors.

The majority of the money will continue to go directly to the owner until another idiot comes along and puts in a very large amount (larger than the fees value saved in the contract).

Stop sending your ETH to this fool. Save it for slockit dao or just turn off your computer for now, you obviously can't understand any of this even when i've put the proof right in front of you.


The code:

Code:
fees += amount / 33;

ensures the owner always gets most of the deposits.
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Re: [ETH] PiggyBank - Earn Ethereum Forever!
by
contractcoordinator
on 26/03/2016, 11:29:03 UTC
The reason this scam works so well is because at the beginning, the fees will still be low, new investors will be getting paid and the contract will seem like it's working... but as soon as people start investing large amounts the fee variable goes higher and it becomes painfully obvious where all of the money is going.

If the fee becomes too large the fee gets skipped as you saw in the transaction above. The next payment will go right back to sending all of the money to the owner.

This ensures stupid people stay confused.

By the time anyone has figured it out, newbie has already exchanged all of the ETH and is off to the next scam.

It's the wild west of digital currency. Be careful out there.





And here is the proof that both of these transactions FAILED:
https://live.ether.camp/transaction/6605658e2a9d852e0fd98f32735bd92e1a62e8968ca0142bf64953b26c43ef2c


noobhelper178  = SCAM
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Re: [ETH] PiggyBank - Earn Ethereum Forever!
by
contractcoordinator
on 26/03/2016, 01:33:54 UTC
ok so the line that breaks this contract is:

Code:
fees += amount / 33; // 3% Fee

each transactions that comes in is adding to the fees from all of the previous transactions and taking that out of the new deposit leaving very little left to be paid out to investors.

the fees are compounded each transaction instead of calculating 3% of just this transaction.

if it was just
Code:
fees = amount / 33; // 3% Fee

then it would be calculating the correct 3% fee and there would be a lot more money to distribute to all of the investors.

you get paid every single time a new investor joins or invests again.

bullshit. scam.
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Re: [ETH] PiggyBank - Earn Ethereum Forever!
by
contractcoordinator
on 26/03/2016, 01:13:59 UTC

Do not deposit any more money to this scammer.

This is what you get for trusting a noob... not even a noob, just a helper to one.. noobhelper178


I cant believe what i`m reading, how it is a scam if it's open source??

You must be the alt account of one of my competitors. There are many ethereum doublers, and probably you are a jealous competitor!!!

The facts are in the blockchain. None of the investors are getting paid, only your account, which only invested 0.051 Ether in the beginning.

In none of the transactions does the loop ever make it past the first few investors, and never will.

in most transactions the investor data is empty:
etherAddress →  empty
amount →  0

https://etherscan.io/tx/0xd1c7d611e745d0c48fe80acf0367448402f8dbbc93d6fedab76ecc5c90e5f5df#internal
if the contract was working as advertised, i would expect there to be more than 2 outputs each time there was a transaction, so it could be paying out all of the other investors.

Since it pays out investors starting with the owner, the balance runs out before it can ever pay the newest investors. this is a scam.

Waiting for you to prove me wrong newbie.
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Re: [ETH] PiggyBank - Earn Ethereum Forever!
by
contractcoordinator
on 25/03/2016, 20:41:54 UTC
you didnt got scammed, you will be paid out after more people join


Seriously guys, this contract lives on the blockchain forever, so just wait a few hours and days and everyone will be paid.

The faster you invested the faster you will get paid, but after some time everyone will be!



Just make sure you dont throw away your current address, and then just wait, everyone will be paid!!!


The only way everyone gets paid if some other idiot comes along and deposits 1000's of ETH. The contact is flawed.

Do not deposit any more money to this scammer.

This is what you get for trusting a noob... not even a noob, just a helper to one.. noobhelper178
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Re: [ETH] PiggyBank - Earn Ethereum Forever!
by
contractcoordinator
on 25/03/2016, 20:34:12 UTC
yea, i already got paid many times

so as the OP said, the contract is uploaded there forever, so i think the money will come automatically just like it does to me after a while.

maybe wait a few hours, because there are many participants already so it may be some delay, but the system is there forever so you have nothing to lose by just waiting a bit more

Prove it with blockchain link scammer
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Re: [ETH] PiggyBank - Earn Ethereum Forever!
by
contractcoordinator
on 25/03/2016, 14:35:51 UTC
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
                        }
                }

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.
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Re: [ETH] PiggyBank - Earn Ethereum Forever!
by
contractcoordinator
on 25/03/2016, 14:03:29 UTC
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?