https://github.com/bloq/pif

[WIP] Pay It Forward evm smart contract
https://github.com/bloq/pif

ethereum ethereum-contract evm solidity solidity-contracts

Last synced: 25 days ago
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[WIP] Pay It Forward evm smart contract

• Host: GitHub
• URL: https://github.com/bloq/pif
• Owner: bloq
• Created: 2017-07-16T13:55:40.000Z (over 7 years ago)
• Default Branch: master
• Last Pushed: 2017-07-17T01:44:55.000Z (over 7 years ago)
• Last Synced: 2024-11-14T17:47:10.846Z (3 months ago)
• Topics: ethereum, ethereum-contract, evm, solidity, solidity-contracts
• Language: JavaScript
• Homepage:
• Size: 72.3 KB
• Stars: 0
• Watchers: 3
• Forks: 3
• Open Issues: 1
• Metadata Files:
  • Readme: README.md

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README

        

# Pay It Forward

Pay It Forward is a system self-investment contract.  Funds sent to the

contract are time-locked for a period of time ("frozen"), usually 30-60

days by default.

After a batch of funds "thaws", anyone may withdraw those funds from

this contract to their own account, without restriction.

In Proof-of-Work chains, "anyone" typically means miners, because miners

have first access to anyone-can-spend funds.

Therefore, the likely outcome of this contract is "pay to future miner",

and serves as a useful sinkhole for funds, a way to incentize

continued security of the system.

Another outcome, less likely but possible, is that miners are asleep

at the wheel, and the general public races to claim the funds.

## Current status

The contract and tests are currently under active development (WIP).

Do not use with Real Money.