THΞ GREEÐ PIT - http://thegreedpit.com

KatatsukiKatatsuki Member Posts: 17
edited March 2016 in Smart Contracts and Dapps
Howdy! I spent this past month working on this Dapp. Unlike many of the recent copy paste ponzi games, I came up with a few interesting mechanics, if I do say so myself. I'm gonna try to explain what it does and what the philosophy behind it is.

The pit is designed as a game where players "jump in" with a certain amount of ethers in hopes of getting some more. In order to get out, however, they require the help of other players. When enough people jump in, the first player is released from the pit, with a random profit. In certain cases, that profit will be automatically split with the person who saved him (the share is also random, but in part determined by how much the other person risked). In addition, saviours get Rescue Tokens which can be turned in for additional rewards on subsequent jumps.

Another interesting feature is the Hero of the Pit. The person who saves the most people will be displayed on the website/contract (you can even set your own nickname!). Being the hero has a very nice benefit: it lets you get out of the pit without having to share your profits with others.

The payouts you get are random (within a range, by default x1.1~x1.5, up to x2 with tokens, and they are also adjusted dynamically depending on how many people there are trapped in the pit. The contract is designed to last and to keep things relatively fast (deposits are limited to 50ETH to prevent excessive greed, which is also punished to some extent by other subtle mechanics). There's also some strategy involved. Jumping in at the right time and with the right amount can make a world of difference. Combined with the random elements and incentives to play, I think it makes for an interesting mix.

In order for people to succeed, they have to rely on others, and even though the motivations are ultimately selfish, a group effort is required so that everyone can continue to earn ethers. I believe the pit metaphor reflects the situation quite well: when you jump in you don't know what to expect, but you're somewhat optimistic that you'll be able to come out with some gains; while you're in the pit you're surrounded by darkness on the outside, fear and doubt in the inside, yet you must hold on to the hope that someone else will be brave enough to take the risk and rescue you. When you come out with your profits, you feel happy and empowered, perhaps enough to jump back in (it's certainly been working great for some people).

I hope you enjoyed my post. Rather than talking about the code itself, which you can review if you're bored, I figured I'd focus on the conceptual implementation and the ideas behind the design.

Feel free to join us in the pit; the more the merrier! (we got 400+ ETH in deposits on the first day in spite of some problems with the website - still working on that, it's been a long day).

Shameless plug time:

Website: http://thegreedpit.com (expect it to be very slow for the next 12~24h, using emergency host)

Contract address: 0x446d1696a5527018453cda3d67aa4c2cd189b9f6

Verified Source Code: https://etherscan.io/address/0x446D1696a5527018453cdA3d67aa4C2cd189b9f6#code

Other discussion threads:

https://bitcointalk.org/index.php?topic=1415365.0
https://www.reddit.com/r/ethtrader/comments/4c9gdv/thξ_greeð_pit/
Post edited by Katatsuki on

Comments

  • RytharrRytharr Member Posts: 6
    G416G said:

    Right on time, its been 12hrs since the last one. Another fkn idiot with a ponzi scam.

    The fraudulent to useful ratio of ethereum dapps is still at a steady 883 to 1.

    At least this lowlife named his site appropriately. Good luck with another wasted piece of code that does nothing positive or useful and lingers on the chain waiting for another sucker.

    So do you also go out of you way to rage about every casino on the internet. How about etherdice . Im sure there will be many more gambling dapps, I expect to see you rage against them all.
  • KatatsukiKatatsuki Member Posts: 17
    I'm not saying it was aliens, but it was aliens. Someone needs a hobby~
  • KatatsukiKatatsuki Member Posts: 17
    Yeah, yeah, the whole point is that the users already know that, yet they choose to take the risk willingly if they consider the potential reward is worth it. Not misleading anyone here. It's a form of gambling that some people enjoy.
  • KatatsukiKatatsuki Member Posts: 17
    It's only fraud if you're misleading people. In this case it's just a game with ponzi-like mechanics that the users agree to participate in. The code is public and I encourage everyone to review it, and the possible risks are also mentioned in detail, so I don't see how any of this is fraud. Since you like definitions:

    "In law, fraud is deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right."

  • bloodshinxbloodshinx Member Posts: 5
    This looks nice ! I can say it works, i will use it this first week (gonna be fast, as always when new Dapp).
    Don't listen to people above, there is fraud, but a pyramidal game based on ethereum smart contract is an experience, and you are free to enter it.
  • KatatsukiKatatsuki Member Posts: 17
    First of all, you're full of shit, and straight up harassing. You should really seek professional help with all those conspiracy theories and false accusations. I can see why you think some of what you think, but you're wrong.

    I don't expect you to take my word for it, because you've proven to be a bigot, but I'm not the kind of person that would bother to make fake accounts to promote something, even when money is involved. I don't even like spamming. However, it's my responsibility to promote the app, because I want the people who play to get their ethers back with some nice returns. I do so ethically, though, and encourage the users to help me promote, because I can't do it alone.

    I'm too smart to post with a brand new account before increasing my activity in some other sub-forum. The last thing I want is for people to suspect my app and its intentions. It's true that some people made accounts to help promote the app (perhaps because they didn't have one to begin with) because they have money in the pit that they want to get back, it's only natural. I'm not affiliated with anyone, though. I don't even have a fraction of the funds that would be necessary to create fake volume or pay other people to help me. I spent weeks working on this and was forced to release before I felt I was ready because I saw many copy paste apps coming out that would take potential users from mine. This is far from organised.

    You mentioned something about "etherchat", I don't even know what that is. If you have a problem with my coding skills, feel free to enlighten me and show me how you would do better. I didn't see anyone post anything negative about the way the program's coded, so I don't know what you're on about. It works and I coded it myself, unlike many other apps that have been coming out recently, so that's good enough for me.

    I get that you're a really miserable person that derives pleasure from hating on other people online, but if you have a problem with any of this, just leave us the fuck alone, nobody is forcing you to get involved. Me, and I bet a few other people, are tired of you spreading negativity. Your FUD lies and paranoia are hurting the people who have already invested into my app and possibly some others; you're making it harder for them to get their payouts.
  • dittoditto Member Posts: 139 ✭✭
    WOW THE HERP AND DERP IS UNREAL!

    THIS IS A CASINO GAME THAT IS SIMILAR TO HOW A PONZI SCAM OPERATES.

    If what he is doing is wrong, then any card games, slots, etc all are scams right? NO WRONG. All gambling games.

    A ponzi isn't acting as a game. Bam just schooled this moron wanting to talk IQs.

    Omg I can't stop laughing.

    (and of course whether or not this is legal depends on laws in your country)
  • dittoditto Member Posts: 139 ✭✭
    G416G said:

    A casino games is able to give odds up front before rolling the dice or drawing a card. A ponzi / pyramid scheme is exactly the opposite but nice try in continuing to mislead newbs so you can steal their coins.

    Who will the readers trust ? Wikipedia or a couple of drug addicted smelly ukraninans who spend their days spamming fraudulent code to every forum.

    I love how the pyramid has now become a game.

    THIS IS A CASINO GAME THAT IS SIMILAR TO HOW A PONZI SCAM OPERATES.

    If what he is doing is wrong, then any card games, slots, etc all are scams right? NO WRONG. All gambling games.

    A ponzi isn't acting as a game. Bam just schooled this moron wanting to talk IQs.

    Omg I can't stop laughing.
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