3 ms·

This is fantastic. Cant lose more than 75%? I'm in

by frinxor 9y ago

samfriedman 9y ago
Hey, you can only lose up to 100%, right? As long as this thing shoots up at least 101% you're guaranteed profits!
sushid 9y ago
You can lose more than 75%. If there's no ETH in the wallet they can't pay you back out.
- vertoc 9y ago
  I made a spreadsheet to figure this out and the reason I dont mention that risk more is that is only at risk of happening after around 900 tokens are sold - until then the contract will always enough ETH. If 900 tokens are sold, the contract will have over $100k worth of ETH which I really hope never happens.
  - rocelot 9y ago
    Well that escalated quickly
  - phyller 9y ago
    It could be emptied out after 400 coins, not 900. If there is already money in there it would take a little more, not much. Unless my math is wrong. https://news.ycombinator.com/item?id=16226641 https://news.ycombinator.com/item?id=16226641 Reproduced here with more columns, assuming initial price of .02 ETH per coin: +----------+----------+-----------+------------+-------------+ | numCoins | coinCost | coinValue | sell price | Profit/Loss | +----------+----------+-----------+------------+-------------+ | 100 | 2 | 0.01 | 1 | -1 | | 200 | 6 | 0.02 | 4 | -2 | | 300 | 14 | 0.04 | 12 | -2 | | 400 | 30 | 0.08 | 32 | 2 | | 500 | 62 | 0.16 | 80 | 18 | | 600 | 126 | 0.32 | 192 | 66 | | 700 | 254 | 0.64 | 448 | 194 | | 800 | 510 | 1.28 | 1024 | 514 | | 900 | 1022 | 2.56 | 2304 | 1282 | | 1000 | 2046 | 5.12 | 5120 | 3074 | +----------+----------+-----------+------------+-------------+ Also the guy said he has 200 coins to use whenever he wants
  - cwmma 9y ago
    Yeah about that... you're about 17 tokens away there.
akerro 9y ago
You can lose 100%, but hey, you can gain 100 000%

This is fantastic. Cant lose more than 75%? I'm in

samfriedman 9y ago

Hey, you can only lose up to 100%, right? As long as this thing shoots up at least 101% you're guaranteed profits!

sushid 9y ago

You can lose more than 75%. If there's no ETH in the wallet they can't pay you back out.

vertoc 9y ago
I made a spreadsheet to figure this out and the reason I dont mention that risk more is that is only at risk of happening after around 900 tokens are sold - until then the contract will always enough ETH. If 900 tokens are sold, the contract will have over $100k worth of ETH which I really hope never happens.
- rocelot 9y ago
  Well that escalated quickly
- phyller 9y ago
  It could be emptied out after 400 coins, not 900. If there is already money in there it would take a little more, not much. Unless my math is wrong. https://news.ycombinator.com/item?id=16226641 https://news.ycombinator.com/item?id=16226641 Reproduced here with more columns, assuming initial price of .02 ETH per coin: +----------+----------+-----------+------------+-------------+ | numCoins | coinCost | coinValue | sell price | Profit/Loss | +----------+----------+-----------+------------+-------------+ | 100 | 2 | 0.01 | 1 | -1 | | 200 | 6 | 0.02 | 4 | -2 | | 300 | 14 | 0.04 | 12 | -2 | | 400 | 30 | 0.08 | 32 | 2 | | 500 | 62 | 0.16 | 80 | 18 | | 600 | 126 | 0.32 | 192 | 66 | | 700 | 254 | 0.64 | 448 | 194 | | 800 | 510 | 1.28 | 1024 | 514 | | 900 | 1022 | 2.56 | 2304 | 1282 | | 1000 | 2046 | 5.12 | 5120 | 3074 | +----------+----------+-----------+------------+-------------+ Also the guy said he has 200 coins to use whenever he wants
- cwmma 9y ago
  Yeah about that... you're about 17 tokens away there.

akerro 9y ago

You can lose 100%, but hey, you can gain 100 000%