Need some pro dev advice here. Im still learning Solidity.

If there are only 2 WRITE FUNCTIONS in the code: "INVEST" and "WITHDRAW", Is there still a way for the devs to scam exit? thanks. contract address is TWiti6GpPJPRXtCFKURdTtxN7UEcurQoeS in the TRON blockchain

the code is verified, but posting links is not allowed here i think.

https://tronscan*org/#/contract/TWiti6GpPJPRXtCFKURdTtxN7UEcurQoeS/code

There's many ways to get scammed that don't even involve code. I'd say tossing money into random projects is a pretty good way to get scammed

I don't need to know how a slot machine works to know it's rigged

There are many ways indeed. Sorry, that guy was actually asking about specific contract and need a little explanation or discussion regarding such functions. But your answer is more like your opinion against investments😕

it looks as if this contract allows you to withdraw dividends, but not to withdraw the startup money?

wow this is ponzi looking code vitalik impress.

so basically you pay dividends to a user using their own funds or whatever is left in the smart contract, after you captured 22% of their initial deposit for yourself and they have zero ways to get their original deposit back, but it is being used to pay their dividend. So if no new users the contract runs out of money and everyone who deposited recently loses everything.

while you are scamming, you should take a fee on the dividends that the user collects

What? I was right. There's heuristics beyond reading code or trusting someone to read code for you. If you don't program then use them.

Heuristics unfortunately kill many people's business models and this upsets them.

Wow thanks for this explanation. So, the creator captured 22% of users initial deposit since the beginning? Only that? Or there's another way to send all the balance out?

im not sure how decimals work in tron space - it may be less but the same thing applies, fees are taken during the deposit, and then when people collect a dividend, all the deposits are used to pay the dividend.

Now that I look at it again it looks like it might be 12%

There are two addresses there, which are defined on the initialization of the contract. a "Project address" and a "Marketing Address" which receive those withdraws

doesnt appear to be any other withdraw function because its a ponzi

I see. So, in other word, the cycle can keep running as long as there will be more investors to come. Thus, the fees which taken by the creator also unlimited. Now I know, some greedy scammers modify it to make the balance is 100% withdrawable. Even worse😂 Thanks for your time bro. Appreciate it!

It is set up to run out of money if no new deposits

Exactly. I know the contract is a ponzi scheme. Well, ponzi as it is, people can make money with it as long as they know what they're doing. Nothing different from trading, where people who buy low and sell high wins. On the other side, the one who buys high and sell low, loses. You win some. You lose some. Just the same with Ponzi scheme, if you join late, you're f*cked! Everything is a gamble. And people has the urge to earn easy money.

My question is not about investing or trading, its about the contract code itself. That is there a way, knowing that the code is available and there are only 2 WRITE functions: WITHDRAW and INVEST: is there still a way for the developers/creator to scam exit? ✌️

yes. I've read the contract and it does not allow you to withdraw the investment. you just get dividends until you get 200% of your deposit.

Here you go @Digital_Asset_Hodler

Nope. the creator captures 10% of deposits. 7.5% goes to referral commission. 82.5% goes to balance which in turn goes to user's dividends. This is a Ponzi Scheme but a lot of people play it. If a user knows what his doing, he wins. if not, he loses money.

Right! I cannot see any withdraw function for the devs to ZERO out the balance once the balance gets too high (scam exit). They can shut the website down but users can still withdraw in tronscan. But becuase as i've said, im new to programming, I am not sure if there are hidden back door to the code. I am thinking of playing this game and gamble a bit. :) As we all know, knowledge is power. And we use knowledge to win in crypto :)

yes sir! ponzi scheme it is. dividends are paid by new depositors. Just like 401K's, younger generations pay for the pensions of the older generations. It is the longest running ponzi ever. lol.

but yeah, i plan to play the game. as an early player, i minimize the risk. the only high risk now is that i dont know if the creator has hidden back doors somewhere. hence, i asked for pro advice. lol

Honestly you'd be better off buying some binance shitcoin

chances of making your money back are about the same

I got you boss! I am invested in some coins long term. i still dollar cost average monthly. playing ponzi/investment is just a portion of my portfolio to make me busy. HODLING IS BORING. DAY TRADING/LEVERAGE TRADING IS JUST PURE GAMBLE hehehe that is why i chose to play with verified smart contracts so i can make informed decisions. 😁 but thanks for the advice boss

well you know what they say

an idol mind is the devils workshop

Does anyone have the address of ETH Goerli Faucet?I want to gain some geth ,thanks

Does anyone have the address of ETH Goerli Faucet?I want to gain some geth ,thanks