/biz/ - Business & Finance

>>7853804
>successful
Great job m8, looks like you faggot will steal a meme just as fast as you will steal code. Remeber shadowpyramid?

and FYI, imitation is the most sincere form of flattery

friendly remind the only way this thing looses money is when people sell, this is not some kind public market where there is a product, this is "productless" and therefore independent to a certain degree to the rest of the market.

My point is, the only way this contract can lose all the money is if everyone first syncs their collective consciousness like some Jungian wifi router and decide to all sell at the exact same time.

>>7702305
im refering to powh coin.
Basically, the had a bug in there code that a dev from ethpyramid pointed out. Instead of fixing it or saying anything about it, they denied it and then the contract got hacked and everyone lost their money.

take 2, they claim theres this great new thing called shadow pyramid this time you mkae money off buy and sell. wow what would go wrong? well turns out the lazy niggers didnt even proof read this code AGAIN, causing 900 eth to get trapped in a contract, until they hacked it and took all the money. Not to mentioned the dev team now has a hit out on them by a whale that lost 232 eth to there horse shit. its a great drama.

>pic related

i dont think folks really appreciate of the awesomeness of the situation at hand. Let me paint a picture.

Say you put in 1 eth now and you get about 11 tokens. As that eth sits in the pyramid, it will accumulate dividend (interests) of of EVERY SINGLE TRANSACTION. Let me say that again, 10% OF EVERY TRANSACTION GOES TO EVERYONE HOLDING A COIN. If you own more coins, you get more of that total 10%.
Even better, its both buy and sell. So when that whale cashes out 100,000, 10,000 gets split by everyone else. And thats every transaction, so the more transactions, the more fun.

Say you reinvest those dividends you get constantly, if you bought in at .09ETH/Token, by reinvesting dividends you might now be down to .06ETH/Token - literally as if you had been able to buy at an earlier point in time!

yall aint even ready

release the memes

>mfw when the worlds first transparent ponzi becomes so successful, jaded devs from clones spam the smart contract with exploits
>mfw there are no exploits

havent slept this /comfy/ in weeks