Bitcoin Forum

The coin P3D is an ERC20 token on the Ethereum network that introduces three dimensional economy simulation. The contract is open source and has been audited and been through a hackaton twice without failure. It is a fully rewriten base of code by with help of the developers who found the exploit in the previous version.




When someone buys the P3D token by interactng with the contract (sending ETH to it) the price of the token will increment with a small fixed amount(0.00000001 ETH) for each token that is purchased and whenever someone sells a token it will also decrement with the same small fixed amount. As always, you could try to buy low and sell high. Tokens are minted for each buy and burned for each sell, P3D is both a inflationary and deflationary coin. There is no premine for the devs and they had to get their own shares.

The important thing is that 10% of all buys and sells are returned back to all the holders of the P3D coin as dividend. This creates incentive to hold the coin throughout volatility.

Suppose you buy in, two scenario's can happen:

- The prices rise with more people buying in and you can sell your P3D for a profit meanwhile getting dividend for every transaction made after you.

- The prices drop with more people selling than buying so selling now would result you in a loss BUT you would be getting dividends from every sell.

The moment you buy in you're hypothetically around 19% loss since you paid 10% entrance fee and will have to pay another 10% exit fee. The longer you hold your coins however, the more dividends you earn and the lower this percentage starts to drop (excluded token price appreciation/depreciation).

Let me put that into perspective: With regular coins you would now be holding bags but with P3D all you have to do is hold your coins and wait for the dividends to stock pile until you have made your initial investment back or even more. The coin is out for just over a month and we are well over 3000 ETH in the contract. The developers are working on side projects that build of off the Powh smart contract to create an ecosystem in which holders of the P3D token benefit. I repeat, more incentives to buy the coin will get added in the near future.

There is also the added concept of referrals. Whenever someone buys with via your masternode(that you currently can obtain by holding 4 or P3D coins) you would get 3% of their investment as direct dividends. That 3% is deducted from his 10% that goes to the overall holders. General incentive to spread awareness and generate volatility.

Your profit in "normal" coins is dictated by supply and demand.
Your profit in P3D is dictated by supply and demand, referrals and volume. 3D chess.

The concept relies on you, the token holder, to have strong hands and hodl through all the buys and sells to accumulate dividends while the weak hands sell for whatever reason.

What if everyone sold? If everyone sold you would still be able to draw out your ETH. No one can sell their tokens for your ETH as prices drop, you still have your tokens and you'll get dividends (at a increasingly higher rate) when more and more people are selling. The last person selling before you would also leave 10% of his stake behind netting you that.

Access to buying and selling is currently made possible in three ways:
- The provided 3D exchange on their website
- Backup websites hosted on github (good luck bringing those down)
- MEW or any other Ethereum connected interface in which you can create transactions

This entire process of token pricing and returning dividends is done fully autonomous by the smart contract. No humans are allowed to interfere. Period.

In general Proof of Weak Hands is a funny, exciting and community driven concept that generates dividends in a 3D manner.

Enter P3D here: www.powh3d.nl

You can also DM me for any questions or head over to the discord here --> https://discord.gg/DbapvnH
or create a reddit post here --> https://www.reddit.com/r/PoWH3D/

EDIT: AS THIS POST WAS THE FIRST POST, I'D LIKE TO REFRAIN FROM EDITING THIS WITH NEW/EXTRA INFO. PLEASE READ THE COMMENTS FOR MORE/INDEPTHS QUESTIONS/ANSWERS THANK YOU.

I think this concept is too advanced for retards to understand. That's why there's currently only a 1 million market cap for this one while scammy pyramids like Bitconnect and such have had hundreds of millions pumped into them.

This is an interesting concept, so the price isn't actually decided by the free market and can only increase in small increments? What about if someone were to spam many small buy transactions, would that increase the price multiple times and much more than just 1 large transaction?

I'll explain it for everyone.
They want to make money with their shitcoin.

clear enough?

Thank's, clear enough!

Exactly, they want to make money with the shittoken.
In a transparent pyramid way.
The other fool theory at its peak.
There's no exit scam possible here and people can earn with referrals. It's all transparent, run by the Ethereum network.
Plus the holders get 10% of volume in dividends, so when a whale enters they get 10% of his bag and when he exits they get 10% of his bag.

But so many people still somehow prefer to enter "lending platforms" (aka pyramids) with a 1% daily guaranteed income where noone knows where it comes from and noone knows when the owners will decide to exit scam and screw everyone over.

All I'm saying is that if you want to turn your brain off to gamble and throw your bags around, at least do it in a way where it's possible to get a high ROI without getting 100% scammed.

So what exactly is the use case of this project? No real use case other than a ponzi sort of scheme, do not take it personal but that is all i make up of this project.

I don't know what their long term plan is. They have a Discord, go ask them.

The Token price is decided by the free market and volume. Token prices get updated after each P3D token purchase so the case you mention here does not work.

Example: I want to spend 10ETH in this

I send 10 transactions of 1 ETH and pay in total 1 ETH in fee --> 10 * (1 * 0.1) = 10 * 0.1 = 1 ETH

or

I send 1 transaction of 10 ETH and pay in total 1 ETH in fee --> 10 ETH * 0.1 = 1 ETH

The transaction fee remains the same because it's a percentage. Since the token price is calculated after EVERY token purchase/sell both ways net in the same amount of tokens.


Added the info about this into the original post.

The use case of this project is to create a passive income for all participants. Imagine a situation where in there is on average 500k ETH in the contract. 500k ETH brings in a lot of volume/volatility which generates passive income for the holders.

More use cases are planned and as of writting getting coded by the devs. I picked this up from the pinned message on discord:

Phase 2, Also known as our Atomic Swap Algorithm; this may or may not come with Oracle problem resolution as well.

Phase 3, Also known as Project Harpoon. This will simultaneously release along with the Atomic Swap algorithm and expand our masternode network exponentially with the goal of capturing whales with massive wallets into our Erc3D ecosystem.

These are both in progress and we are working hard to develop these systems, as usual no details will likely be released until they are very close to launch.

But i leave you this generalized idea of our current roadmap so that you can have confidence in the strength of your hands, and know that we're working avidly towards Un-justing (Fixing) all users who have ever been cheated in an ethereum Dapp game.

Powh3d is built for, run by, and designed to benefit this community after all. - Main dev

PowH is great, it also has the cheapest Masternode in the whole Crypto game imo.

Just a short info on earnings

30ETH investment on Monday turned into 50 ETH today (March 22.2018)

PowH also reached 1Million$ in the contract yesterday (1700 ETH)

PoWH3D is a zero sum gambling game, the only use case of the P3D token is to play the game. The game is an investment simulation that seems to draw it's inspiration equally from pyramid schemes and cryptocurrency shitcoins. It's the greater fool game with no guarantees. The fact that it's entirely decentralized and open source, that there are no devs trying to scam anyone, that it's all run by the smart contract, is fairly brilliant. The game is running itself. The devs couldn't shut it down if they wanted, it can just keep being played indefinitely. Not such a bad thing for people who enjoy gambling.

Its currently not a zero-sum game. There is more ETH in the contract than people have bought in with.

That doesn't stop it being zero-sum.

Right, so the incremental increase is based on a fixed token amount, so each time 1 token is bought it increases incrementally, so 10 tokens would increase 10 increments. Got it, thanks. For what reason would someone buy the coin other than the expectation that others will buy and the price will increase?

if someone sells the price decreases the same amount

right now getting paid is the only reason why people buy into p3d- and thats a pretty good reason imo

I heard that developers plan other usecases for the coin...

That would be 1 reason and the current dividends would be the other reason. More incentives will be added in the near future to purchase P3D tokens as updates and side projects will be released. This will have the P3D contract at its center and grow it more into an ecosystem.

I do remind you:
- Circulating supply is currently ~700k which is waaaayyy less than the average ERC20 coin of around 100 million
- Current value of the contract is around 1,4 million dollars which compared to the 50/100/200 million dollars other coins is very small

Not saying that we should be 100% compared to ERC20 tokens since this is imo something new, but it definitely gives a good perspective

Contract just passed 3k ETH today on 27 - 03
Contract passed 2k ETH on 23 - 03
Contract passed 1k ETH around 16 - 03.

Where can i buy this Token?

This is a nice concept. First it encourages one to hodl for a longer period of time. And as it encourages more tokens per have relative to increment accrued to it. With time and exposure, it will explode.

1. Download Metamask, create a new account with an ETH address.
2. Send ETH to that address
3. Go to www.powh3d.nl and click on "Decentralized Exchange"
4. Enter the amount you'de like to buy and a click on buy.
5. A Metamask pop-up will appear asking you to set the gas price, between 2 - 4 will do the trick in a minute, and confirm the transaction
6. Enjoy your dividends

Can't believe the momentum on this contract. Ether in play is skyrocketing toward 4000 - wonder if it'll make it there in under 24hours? Great potential in this project!

BE CAREFUL it is a big scam. Last scam of this Kind was the Proof of weak hands Token now they call it powh3d
https://ethplorer.io/address/0xa7ca36f7273d4d38fc2aec5a454c497f86728a7a#pageSize=100

Many people got scammed last time

https://www.reddit.com/r/PoWHCoin/comments/7udtau/why_you_should_consider_the_devs_as_scammers/

Be careful guys

i think its hilarious to hear all of you praise this contract!! this is nothing more than a transfer of wealth from the later adopters to the early adopters!!! first of all everyone should know that the starting price of the token was .0000001 ETH.... meaning that there has been an increase of over 80,000% to today! now that is a bit misleading because its only the first token which has appreciated that much, the second has by over 40,000 %, ect ect... but gee wouldn't it have been nice to get 1400 tokens for 1 eth?? that's what the founders would of paid for the early tokens. now you get like 112 or something!!! so basically a small group of people are going to reap 900% or more in gains while everyone else is struggling to make back the 20% they instantly lose from the outrageous fees. that dividend shit is just a fancy look over here trick to make you think your making money, but you lose alot upon cashing out and you lost alot just by buying them. realistically people entering the contract now are likely to lose alot when the early adopters pull out. maybe there is not any single person who can exit scam, but a coordinated or not so coordinated sell of a large amount of tokens would crash the price nevertheless. people are calling this a "game" but what it really is for those who understand it is a way of early adopters to separate later adopters from their hard earned money (hence the pyramid). none of you who are getting in now will make any money unless this thing blows up to 10k ETH, and if it does blow up YOU are trying to get more ppl to put money in because that is the only way to profit, to be early. making this a very selfish way of taking advantage of people who are not intelligent enough to understand the fundamentals behind it. being a smart contract does not protect you from losing you money in any way! finally if you look at the code there is a part of it which deals with what they call "ambassadors". the only people who will profit huge are these ambassadors. they are actually listed in the contract source code, there is about 25 individual ETH public keys which represent the accounts of the devs and the earliest adopters. these are the people who will realize thousands of percent interest and leave everyone else holding the bag. they bought tokens at a rate of 1000 or more for 1 eth and today you can only get like 100 for 1 eth!! so for all of you out there who are down to give away your money to the devs of this good for you! i wish i would of been on the dev team cuz i would have a lambo by now. just because there is no ONE person to exit scam you doesn't mean there isnt a well distributed top of the pyramid with 20 or more ppl holding vastly more tokens than others and a coordinated or not coordinated sell off by these early adopters will crash the coin and leave everyone who came in after licking their wounds. this stuff is bad for crypto! it is super unethical. i don't care about ppl flapping their gums about how its genius and its all code, and code is law, and it cant be hacked, and their is no exit scam, blah blah blah. it is EXACTLY what they say it is.... a pyramid scheme. and a pyramid scheme is by definition the ripping off of later investors in order to pay out unsustainable profits to the early investors. so anyone who is promoting this is basically saying "HEY GET IN NOW SO I CAN HAVE A NICE CHUNK OF YOUR MONEY! AND IF YOUR ABLE TO GET ALOT MORE PEOPLE INVOLVED AFTER YOU THEN WE CAN BOTH SHARE A NICE CHUNK OF THEIR MONEY" the dividends are basically a big nothing burger since you lose 20% immediately upon buying in.... props to the unethical bastards who wrote this they are going to be rich.


why else is this being promoted by craig grant and trevon james and the scummiest ppl on youtube? cuz they know how pyramids work and as long as alot of ppl come after them they can peace out with a nice piece of their money! they are all criminals who think this is the SHIZZZNIT because its the same stuff they have been perpetrating for years except now they are telling you to your face its a pyramid and you will likely lose your money, so because they told you to your face and portrayed it as a "game" that they can now separate ignorant people from their hard earned money without going to jail for it!

i have one serious question about this.... Who the fuck owns 20% of the tokens?? in the statistics page they have a breakdown of the addresses holding p3d, im sure many people assume that the 20% is just an accumulation of the smaller accounts, but i dont believe this is the case. why would there be so many small slivers on that pie chart? why would they have a bunch of addresses listed as 0% on the graph, why include addresses with less than 1% in both individual slivers of the graph, but also accumulated into one large chunk? i believe that all the funds tied up in the "other" category are under the command of one person... making them exceptionally powerful. in the contract there is the list of early ambassador public keys. about 12 of the keys are cited as being "private due to security concerns" OH REALLY?!?!!? how do i know that one person doesnt have the control over all of these individual keys? you dont know that for sure making this whole thing even shadier. here is the code....

function Hourglass()
        public
    {
        // add administrators here
        administrators[0xdd8bb99b13fe33e1c32254dfb8fff3e71193f6b730a89dd33bfe5dedc6d83002] = true;
       
        // add the ambassadors here.
        // mantso - lead solidity dev & lead web dev.
        ambassadors_[0x8b4DA1827932D71759687f925D17F81Fc94e3A9D] = true;
       
        // ponzibot - mathematics & website, and undisputed meme god.
        ambassadors_[0x8e0d985f3Ec1857BEc39B76aAabDEa6B31B67d53] = true;
       
        // swagg - concept design, feedback, management.
        ambassadors_[0x7563A35d5610eE7c9CD330E255Da0e779a644C19] = true;
       
        // k-dawgz - shilling machine, meme maestro, bizman.
        ambassadors_[0x215e3C713BADb158A457e61f99325bBB5d278E57] = true;
       
        // elmojo - all those pretty .GIFs & memes you see? you can thank this man for that.
        ambassadors_[0xaFF8B5CDCB339eEf5e1100597740a394C7B9c6cA] = true;
       
        // capex - community moderator.
        ambassadors_[0x8dc6569c28521560EAF1890bC41b2F3FC2010E1b] = true;
       
        // jörmungandr - pentests & twitter trendsetter.
        ambassadors_[0xf14BE3662FE4c9215c27698166759Db6967De94f] = true;
       
        // inventor - the source behind the non-intrusive referral model.
        ambassadors_[0x18E90Fc6F70344f53EBd4f6070bf6Aa23e2D748C] = true;
       
        // tocsick - pentesting, contract auditing.
        ambassadors_[0x49Aae4D923207e80Fc91E626BCb6532502264dfC] = true;
       
        // arc - pentesting, contract auditing.
        ambassadors_[0x3a0cca1A832644B60730E5D4c27947C5De609d62] = true;
       
        // sumpunk - contract auditing.
        ambassadors_[0x7ac74Fcc1a71b106F12c55ee8F802C9F672Ce40C] = true;
       
        // randall - charts & sheets, data dissector, advisor.
        ambassadors_[0x2b219C2178f099dE4E9A3667d5cCc2cc64da0763] = true;
       
        // ambius - 3d chart visualization.
        ambassadors_[0x2A04C7335f90a6bd4e9c4F713DD792200e27F2E6] = true;
       
        // contributors that need to remain private out of security concerns.
        ambassadors_[0x35668818ba8F768D4C21787a6f45C86C69394dfD] = true; //dp
        ambassadors_[0xa3120da52e604aC3Fc80A63813Ef15476e0B6AbD] = true; //tc
        ambassadors_[0x924E71bA600372e2410285423F1Fe66799b717EC] = true; //ja
        ambassadors_[0x6Ed450e062C20F929CB7Ee72fCc53e9697980a18] = true; //sf
        ambassadors_[0x18864A6682c8EB79EEA5B899F11bC94ef9a85ADb] = true; //tb
        ambassadors_[0x9cC1BdC994b7a847705D19106287C0BF94EF04B5] = true; //sm
        ambassadors_[0x6926572813ec1438088963f208C61847df435a74] = true; //mc
        ambassadors_[0xE16Ab764a02Ae03681E351Ac58FE79717c0eE8C6] = true; //et
        ambassadors_[0x276F4a79F22D1BfC51Bd8dc5b27Bfd934C823932] = true; //sn
        ambassadors_[0xA2b4ed3E2f4beF09FB35101B76Ef4cB9D3eeCaCf] = true; //bt
        ambassadors_[0x147fc6b04c95BCE47D013c8d7a200ee434323669] = true; //al
       

    }

who these people are or who controls these public keys is SUPER important and with as much money as is pouring in it makes them very powerful in this "game" *cough*scam*cough*

very interesting ecosystem for a token.
But this will not work 100% unless P3D build its own blockchain. (Cause of Gas and network load issues. )

People indeed got scammed in the last prior Proof of Weak Hands contract but that was due to an exploit a hacker used to drain the contract. The developers themselves got scammed too. The current Proof of Weak Hands contract consists of fully rewritten code base and has been thoroughly tested.



Doesn't this apply to ALL cryptocurrencies? The early adopters are the ones taking the biggest risk and therefor should be rewarded the most. Basic investing. With your perspective, buying BTC right now will be paying off the early investors of 2010. Do you consider BTC a scam?


That's why you hold and reap in dividends. If the early investors are smart, they would just hold their "bloated" share of tokens and also reap in dividends. Whales are slowly entering now because they understand this and as a whale, it just amplifies the effect.


We passed 1k ETH around 17 march,
we passed 2k ETH around 24 march,
we passed 3k ETH on 26 march,
we are sitting at 3,6k ETH as of 28 march.
10k ETH is just around the corner imo.

I applaud you for actually taking a look at the source code. The ambassadors program was a reward system that was introduced after the project was mostly done, to prevent any bias decisions. Those awarded ambassador status were those helping the project in the early stages to get off the ground (coding, auditing, website etc). It is only reasonably to reward those who helped out. To prevent them from becoming gigantic whales you state they are, they were limited to 1 ETH/ambassador. Surely they are now up considerable but can you compare them to the developers who created the top 20 coins which premined 20+ % for themselves which are now worth millions, while these developers actually had to buy there way in? Many of the ambassadors sold off their shares when the contract hit around 300 ETH, which is a while ago. The fact that they own the first couple of shares but not too much to be considered a whale means that the developers have to continue develop for the PoWH to increase their own holdings. It's a self incentivize mechanism. I can almost assure you that most of those ambassadors are out of the top 20 as of now with the sizes of whales coming in.


I applaud you again for doing research but you're interpreting the charts wrong. As you can see here, no one actually owns more than 3% of the token supply. You have to understand that those percentages are rounded off to the nearest whole number. If you take a look here (https://exchange.powh.io/global-statistics) you can see that the charts say that the current number 1 tokenholder has 3% tokens while on Etherscan (https://etherscan.io/token/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#balances) it actually is 3,22%. Those at 0% with their own piece of the chart own around 0.5% of the token, which translated to around 4k+ tokens. The addresses contained in the "other" section are all the addresses with under 1000 tokens for the sake of the argument. You see the difference there? I am generious with the sub 1000 mark since there are alot of people here with sub 100 tokens. Because of these discrepancies, it would be unfeasiable to perfectly state each and every token holder in 1 chart since that would just be clutter.

At last a tip for you:

Please, please, please work on your punctuation/formatting. It makes your critic/questions alot more readable and legit for those reading along side us.

I thank for your reply and your concerns but please state them more as questions instead of these blatant accusations. Any other questions can be posted here or you can find me on the powh discord as "CptZiyi".

its true that it is possible if a bunch of whales get together and decide to sell that they drop the price however in this case everyone would receive dividends and once the price is down, it would give other big players another chance to get back in which results in more dividedns and a price increase.

The only way you lose is if you sell at a loss, but thats the case with any cryptocurrency

it is like any other type of coins with supply/demand driving the price (same risk here), the difference thought is everybody holding token become a share holder of the unique exchange marketplace and get rewarded a piece of the fees I am not seeing anything that is "unsustainable" and why it will collapse, only price could go down if everybody is selling and/or no dividend if no movement at all.

There is also a pretty informative video that will walk you through the entire setup process. https://youtu.be/2d6UfApEHeE

I'll be truthful, I still don't fully understand it and I'm a little skeptical but it looks interesting so I might throw a little cash at it, just for the fun of it. I really don't think you can compare it to others given how it's an entirely different set up, I don't see it ever reaching a very large market cap given there's no real utility.

this is no essay writing contest, i just type it as it comes to me. the point of language is to communicate, im pretty sure i was successful.

so the last person before this post is EXACTLY what is wrong with this!!!! most people cannot interpret the code and are being talked into buying into this as if it is an investment, but its no investment.... again this is exactly what a ponzi scheme is... "paying out what would normally be impossible returns to early adopters at the loss of the later adopters".

i take offense with the assertion that this is just like every other crypto out there and that all crypto are just created in order to benefit the devs. this insinuation is blasphemy against the crypto community and that type of sentiment will just drive ALL the value out of crypto because without a use case crypto is dead on arrival.

this coin is not comparable in ANY WAY to other alt coins out there! you cannot with a straight face compare a self described pyramid "game" to the hard work of developers of other projects. this is everything that is wrong with crypto.... most alt coins are not simply created in order to make the early adopters wealthy. sure some are completely fake from the start and have a huge premine and the devs themselves demolish the price in order to just get out and buy a lambo. i would NEVER support these kinds of coins or tokens and many people have lost badly on being convinced that a coin will appreciate because it is going to solve a problem or make some aspect of life easier!!! and i hope no one who is serious about the benefits which crypto can bring to humanity would support those types of coins either. every single coin in the top 100 and hundreds of more beyond that were created with INNOVATION in mind to solve a problem. some coins operate as a utility only token for facilitating micro payments across boarders, or as a transfer of value. other coins are more like a security or a way for a company to raise funds for an ACTUAL project which will have benefits to the community or humankind in general. ANY coin, this one included, which has a sole purpose of paying off early adopters at the expense of the later investors is absolutely UNETHICAL AND WRONG! and its giving our entire community a bad reputation. let me re-iterate.... this token DOES NOT HAVE A PURPOSE, does not have a use case, doesnt not offer any benefits to the ERC20 platform or the people who buy it other than to specualte on how high you can pump it before getting out. this cannot even be used as a payment mechanism like the most basic cryptos because of the exorbitant fees... again, anyone promoting this is nothing but a 2 bit thief using cutting edge technology to rip people off.... because anyone who understands this knows that when those early adopters do exit the price will crash hard and i mean HARD, and they WILL exit because like previously stated this was created soley for those who buy in to try and make money, and to make anything you have to eventually sell. its a nice concept to tell people " DONT WORRY NO ONE OWNS MORE THAN 3% INDIVIDUALLY, NO ONE CAN EXIT SCAM YOU".... wrong! this thing is nothing but an exit scam, but you cant call it a scam really because they tell you from the get go that they are going to take your money to your face...

JUST THINK OF HOW FAR DOWN THIS TOKEN COULD GO!!!! the initial price is .0000001. and those people who bought in early got over 1000 tokens for 1 eth and ppl getting in now are getting like 90 coins for 1 eth!!!! these differences are not insignificant and represent how much the early adopters tokens have really appreciated in value in the few short weeks since its launch. eventually just like EVERY ponzi people will start to need the money back and when the real world calls and people start pulling out the price will start to crash significantly. just one ambassador selling his 1 eth worth of coins he bought would tank the price by .001000 or more. thats ONE person!!!! if it was one of these 3% holders with 4k coins it would drop the price by .004000 (the increment up and down for every coin bought or sold is .0000001)

in the code i linked there are 12 address which are anonymous, and every other public key is linked to a nickname not any actually identifiable information... i 100% believe that each of these addresses do not represent an individual, but that a small group of people are in control of all these public keys. at any time when these early ambassadors decide they are happy with their 10,000% interest they will start to pull out, individually or as a coordinated group, but either way this "well distributed top of the pyramid" still has way to much power over crashing the price, and none of them did anything worthwhile for them to be getting paid out that big (again the coin has no inherent value and solves no problem). if this was not crazy unethical and bad for the community why are people like craig grant and other PROVEN scammers promoting this coin? do you think they had a change of heart and all of a sudden and are now investing in platforms and coins which are progressing the technology of blockchain for the good of mankind? fuck no. they are lazy and want to just take money from other people without doing anything to earn it , once a thief always a thief. this is just thieving in the 21st century i guess. and just because its open source and your telling people they will likely lose their money or to "only invest what your willing to lose" doesn't make this any better, because it is so technically complex that 99% of those convinced to buy in really don't understand at all the risks or circumstances around this scheme...

creating shit coin to pump and dump.... unethical and wrong
creating a token with no use case other than to pump it as high as it can go then get out before you get whacked.... unethical and wrong
convincing anyone to get involved in any of these types of coins.... unethical and wrong

BlaBla Bla- you are a moron dude
what you talking about unethical ad all this crap- go and protest in front of McDonalds- they sell food that will kill you
Protest the banks cause they steal your money by inflating in

Jusst leave us tha fuck alone with your uneducated accusations

lol wtf im the moron???? im the only one who read the contract and did the research but im the stupid one!!!! heh i would be willing to bet funkyfeet or whoever is craig grant himself!!! idk speaks volumes when people indited for illegal activity with bitconnect and davor coin and all these other straight up scams are all coming out of the woodwork to support this crap. lets all be super crystal clear here.... if your promoting this its because you know the only way to make any money on it is to get other people to join after you. and your profits will be THEIR losses. EVERYONE JOIN THIS THING SO ME AND THE GUYS BEFORE YOU CAN SPLIT UP YOUR MONEY AND ENJOY IT!!!! lel

and the ONLY reason some of you fucks support this is because you believe that because the stuff is open source and they make no bones about you likely losing money that it will protect you from lawsuits like what happened to those involved in bitconnect. taking advantage of people who are not intelligent enough to read the contract source and see the red flags is not cool. and if funkyfeet had a man in his family he would stand up against this. but no, hes a lazy crook. he wants all of you to join in the "fun" so that he doesn't have to work for money and can quietly separate you from yours when he decides to get out while preaching HODL to everyone. double LEL

can you say PWNT? ;D

It's a good idea but I think many would not just love to hold coins for long. Many of the investors would want easy money. if they wouldn't be holding it long enough then they will not be gaining and this would result in a lot of losses to such investors. With the given scenario I think many might fear investing on it because they could lose their money all at once so easily.

your just a moron and spreading FUD too!!!! why dont you invest a few ETH so me and the homies can split up your money? :D

Regarding the dividends, the current price of the P3D token is irrelevant, only the value/amount in ETH sold or bought at one time is, because dividends are always paid in ETH directly to everybody regardless of the value of the P3D , dividends are not taxed when one do withdraw, only taxed if dividends are used to re-invest. So if big whales early adopters were selling at once for a huge ETH amount, they will have to give back 10% of the total which will be spread to everybody staying (early adopters or not) and if they are really big whales by leaving the game, everybody else will see their share going up as every Token sold is burned. The price is moving by a fixed small increment (not a percentage) so that means also if you buy at high price you will be less sensible to the small variation (UP or Down).

kinda hard on this one huh?but i guess its more clearer now as you have EXPLAINED FURTHER..anyway SHITCOINS are being followed and support by shit also isnt it right?and after being victimized then will cry for hell.l

this just blew my mind.... if im not mistaken there is approximately 800,000 tokens in circulation

each token sold would increment the price down by .0000001

the current price is .0098600

so if i was a big stakeholder and i had 4000 tokens i wanted to sell, then the price should be about .009400 once i sold (0.0098600- [0.0000001 x 4000])

so in the same sense, what if a handful of the largest holders sold.... lets say 25 people, each with 4k tokens went to sell...

thats about 100,000 tokens to be sold, each token takes the price down by .0000001.

now its been a few years since i took calculus and big numbers hurt my brain, but i believe that sale of 100,000 tokens would increment down the price by 0.0100000.

so at todays price of .0098600 ETH.... if 100,000 tokens went up for sale (which is only like 1/8th of the total in circulation).... then the ending price would be 0.0098600 - 0.0100000

that would mean an ending price of (-0.00014 ETH) ....

WHAT AM I GUNNNNA DOOOOOO????.....



now this one i would LOVE to see explained ::)

Actually I am interested to see if the contract will be hacked or not in the future, if not, it might be a good model of how to implement such of functionalities, there is quite of work into the programming actually. After reading the source code I was feeling confident that there is not backdoor and scam exit functions implemented but I wished they did not expose the public account<->transfer token function (thought there will be dividend distributed also here if token are hacked LOL), kind of not really necessary unless you want to be hard to track...

I think you are doing linear calculation, price of the coin will increase / decrease for every token so the formula is a little bit more complex than just a multiplication, you can check the source code to see the implementation also do not forget the 10% fees that are deducted.

wait wait wait can you say that again? so you mean to tell me that measures were put in place, which are not even best practices in coding, in order to obfuscate the identities of those involved? makes you wonder... ???

not to mention that in the code the "ambassador list" is all nothing but nicknames, and half of them are just a public key with a couple letters i assume are supposed to represent initials.... and we are supposed to just believe that each public key represents an individual. however there is no way whatsoever to actually prove that all these public keys cited in the code are actually controlled by a small group of people or even possibly one person.

 so even when i was writing that, it was blowing my mind. i thought to myself i HAVE to be doing this wrong.... but honestly i don't think i did it significantly wrong. i believe that the formula is actually a linear one and not that complex....

i know that there is a difference between the buy and sell prices and i am using the buy price, and rounding, to make things easier to understand. as far as the price i am just using the higher price to give the coin even more of a buffer and a chance. but it doesn't matter because the buy and sell prices are both incremented together by .0000001 either up or down based on purchases and sales.

so if i currently had 12 tokens and i went to sell what would happen? and then lets scale it up to a larger bag holder?

so price starts at .0098600 (again this is the buy price)
sell one token -> now the price is .0098599 and i also lose 10% of the eth that's supposed to be coming to me (however paying that fee and distributing it is all done in ETH and the fee only affects the token price when you reinvest)
now price is .0098599
sell one token -> now the price is .0098598
now sell 10 tokens -> (.0000001 x 10). sooo... (.0098598 - .0000010) = new price of .0098588

then the selling accelerates because less and less new money is coming into the contract
now sell 100 tokens -> (.0000001 x 100). so increment down the price by .0000100 = new price of .0098488
now sell 1000 tokens -> (.0000001 x 1000) so price decreases by .0001000 = new price of .0097488
now sell 10,000 tokens -> (.0000001 x 10,000) so decrease by .0010000 = new price of .0087488
now sell 100,000 tokens -> (.0000001 x 100,000) so decrease by .0100000 = new price of -0.0012512
THAT NEGATIVE IS NOT A TYPO

so in short... at today's numbers the contract can not afford to pay out more than 110,000 of the nearly 800,000 tokens which are currently in circulation before the code  increments the price of the token so low that it is a negative number (and code is LAW! that's how all you fucks are shilling this to people isn't it). realistically it cant go negative it will just go to zero. so where does that leave the people who own the other 700,000 tokens?!?!?!

WAT AM I GUNNNNA DOOOOO?!?!?

what both of you wrote makes no sense

you guys messed up in your calculations

Im sure Dogecoin was created with innovation in mind.


You contradicted yourself in the first two sentinces: Stating a (false)purpose and then stating that it does not have a purpose? I'm not sure if you understand the entire concept of the PoWH. The purpose of the PoWH is to generate passive income for those who hold the token. It wasn't created for the "basic purpose" of a payment system like you claim that every crypto should have. You again contradict yourself by implying that every coin should have an basic payment system. Is that the purpose of security tokens? Are all security tokens no longer valid cryptos? Under certain perspective and assumptions, PoWH can be seen as a security. The Ethereum network is created to provide a platform for computation. PoWH is generating network usage, hell we even clogged the network. How does this not benefit the ERC20 platform? Generating transactions for the miners to mine is not beneficial?


I really can't believe you actually went through and posted this. It just blows my mind. This just shows how much your brain hurts from math and big and small numbers.

You forgot to add a 7th zero to the price incremental/decremental which multiplied your deductings 10 fold. The fact that you ended up with a negative number should've told you that something is wrong in your calculations. Calculations just interpret token price, not ETH that you will get.

https://gyazo.com/95c2b162933c9ff4325efa004277befc

This is math and programming for highschoolers.


EDIT: You even made the same mistake a second time.

eh i fucked up when i initially read the contract i looked specifically at the initial price and incremental price and when i first checked it out the numbers are so similar that i wrote down .0000001 for both and didnt even realize i missed the extra zero in the incremental number.

either way doesn't change the scummy nature of this coin and the attention that it has attracted from straight up crooks..... even with a purpose to produce passive income as you stated, that's not the whole picture. its creating passive income by taking the money directly from people who come later than you. if your only good at ripping people off then this is the thing for you! because it doesn't appreciate based on having any actual value, it goes up because of a line of code. in the real market individuals do not have the ability to force a change in the price with their buys and sells, all you can do is ask for a price and if someone else feels its a good deal they buy it. with it not being useful or tradeable for anything other than getting a fraction of your ether back it means that people will have to sell eventually and its always the ones who sell first who get out before it collapses. there is still no case for why the devs and the "ambassadors" should enjoy 10,000% interest, and others should take massive losses when hoping for marginal gains. the people this is targeting are for the most part ignorant of many of the scummiest aspects of this token and being straight up taken advantage of for wanting to get rich quick. this is the same thing bitconnect did... targeted advertising to people who don't fully understand what it is or why its a scam. its just taking from one person and giving it to another for no reason other than greed.

its all good when people are still putting in new money to keep this afloat, but when those 2% and 3%'s go to sell 20,000 tokens at a time the price will tank to a point where any dividends are negligible and you are only able to get back a small percentage of what you put in.

like i said before some people are just lazy crooks and feel like they should be able to take peoples money and get away with it. and to incentivize people to lose their money you offer a negligible dividend and call it "passive income". but because of the way it works the people getting in now have to put in 100,000 to get the same amount of power that someone bought in with 500 bucks in the beginning. the early adopters here are not paving the way for a new platform or technology, they are not developing anything which will change people lives for the better. the whole thing is deceiving and hard to grasp for most people. this is just preying on the FOMO of other people and giving the crypto community's reputation yet another black eye.

everyone should ask themselves what is the motivation behind this token? is it bettering blockchain tech and making it faster? is it facilitating miropayments in africa? does it offer anything of value to the people who buy in? no, the only thing it offers is huge profits for the ambassadors by taking from the ill informed. IT IS A LIE TO PORTRAY THIS AS PRODUCING PASSIVE INCOME FOR ANYONE OTHER THAN THE AMBASSADORS, everyone else WILL lose money. either they will just lose their 20% or they will lose all the value of the tokens they bought and have a small amount of eth to console their losses. when you tell people "look over here you made a few dollars in ETH today as dividends!!" then the price collapses because the big and early guys have gotten out and what someone paid 10,000 for is now worth 500 bucks, thats a scam. the dividends have always been negligible and more of a ploy than a real passive income. lets not forget that you have to make back the 20% you lost for buying in first to ever realize any kind of profit, and as with every ponzi its all about timing and once people start to get out for real everyone else will be stuck holding worthless tokens. some people dont mind that they are ripping off other people i guess but it doesnt make it any less wrong.

Very nice algo and i know this algo structure is going to be used in too many ponzi schemes.
I am not calling P3D as ponzi but i am sure people will use same scheme to build a ponzi

You do not like YT promoters with referral link taking no risk, this is understood and probably most will agree on this but isn't this another debate ? Obviously you did not grasp the whole concept perfectly here, dividends are based on ETH going IN or going OUT of the contract, so your reference that the price will tank so much after 20,000 token sold that any dividends are negligible, well...makes no sense at all imo. 

 your English is kind of wonky, im not sure what you are trying to say at all right there...i understand how the dividends work. they are done in ETH, not in tokens, unless you choose to reinvest. you can compute exactly what affect you yourself would have on the price if you sold by multiplying the number of tokens by the .00000001. so the point was that you will be sharing the amount of dividends you receive based on how many tokens you have. sure it would be nice to get some dividends, but if a group of people sells a large amount of tokens the price will crash, and not only are you going to lose your 10% from withdrawing but you will also have lost a huge percentage of your initial eth as well.

PoWH3D more like an experiemnt/game like some gamechanger solution like Bitconnet were represented. Everyone know that the price will drop to zero when whales are left the game, but everyone speculating when it will happen.
I cannot see any higher risk than most of the shitty ICO's.

Haha yes, I even got a stuffed animal for it
https://powhstore.com/products/div-the-snek

Hey there fellows.
Its incredible that this coin price doubled in last 3 days. Contract has over 10k eth in it.
If anyone is interested in this although i dont advise it since its a ponzi scheme, you can use my refferal link since i want the money as much as you do:
https://powh.io/?masternode=0xf52faea9dbbe6ae966d6e2e72b0cf97841c70af9 

It is a zero sum game like every trading platform of digital assets but this is not our usual scam Ponzi scheme because here, no fake bot, all the math is adding up, profit/loss is based on Demand/Supply, dividends are made out of buy and sell commission, it is sustainable as no minimum dividends are promised, everything is clear and transparent.

A much requested feature was a mobile-ready app for P3D. Now there's many ways to achieve this, but considering everyone is using their own wallet of preference on mobile, we had to think of a universal solution that would work accross the board on basically every device. Suffice to say, I'm proud to say we succeeded in that regard. We have succesfully deployed a fool-proof variant of our mobile exchange!

Currently tested & compatible mobile apps

- TrustWallet [Android / iOS]
- Cipher [Android / iOS]
- Mobile firefox with Metamask [Android / iOS]

We are listed as official token in the Trustwallet marketplace, with full scale functionality compatability. You can send, receive and buy P3D with ease. We are also in process of reaching out to the Cipher App developers to have our token and app listed on their marketplace, but that's just a matter of convenience - P3D and the exchange works on Cipher too!

To use the mobile exchange in your favorite mobile app, visit https://mobile.powh.io/

Do note that mobile wallets do not support masternodes as of yet.

i realy don't know what to think about these "things" , would it be bad or good for crypto , but the more i watch it , the more i like , maybe time to also put a little amount to try and watch where it will end or not end

The value of each P3D token is determined entirely by the buy and sell activity. Every token purchase increases the price and every sell decreases the price by a marginal amount. However, if there was mass hysteria and every single person sold, the value of the P3D tokens would be significantly reduced which would mean your token holdings would be worth very little Ethereum.

If a simultaneous mass panic sell and only 1 guy is standing on earth, he will receive a huge amount of dividends even if holding only 1 token LOL so this could a strategy to do, buy 1 token and hope for a big crash ;)

I will say this, however.

All of you are pioneers in a completely new, disruptive economic field that will undoubtedly come to flourish. This community is the breeding ground, the nurturing womb for the first, true decentralized society and economy. Most of the crypto sector is nothing but unsubstantiated hype, a melting pot of impractical ideas fueled by psychologically manipulative marketing, greed, and deceit. Like it or not, this is the reality of not just crypto but the majority of capitalism at a whole. P3D is the complete opposite of all of that. We offer a complete product right from the bat with utter honesty & transparency. And THAT is the standard for all our releases. No lies. No hype. No waiting. No bullshit. We will disrupt the entire decentralized software & economy sector with what we have in store. Mark my words.

Don't believe me? Hold my beer and watch. Screencap this post and check back in a year. - Mantso, Lead Dev

https://i.imgur.com/RX1RQeZ.png

Great post! Full PoWH 3D Coin Review here! https://scamorno.com/PoWH-3D-Coin-review/?id=bitcointalk (https://scamorno.com/PoWH-3D-Coin-review/?id=bitcointalk)

If bitconnect reached +400 USD per coin, with a Total Supply of 10,178,799 in about 365 days
Then... P3D with a supply of 1,251,687 will reach +400 * 8.3x (3,300 USD aprox. per coin) in near future!
Mark my words!
 ;)

In the case of P3D there is an unlimited supply as new token are created when needed.

This is a scam:    Lets say the Dev and his team Invested in early with 200 eth, and they split it up to 40 Accounts ( 5 ETH each accounts ). First: they would get the

cheapest price ( I.E. 0.000001 ETH )  Second: they do not pay the 10% buy in to anyone but only to themselve.  Third: the 21st Account that comes in they would

get all 10% and the 22ND account they would get most of the 10%.  Ok lets move forward faster, by the time this reach to 5k to 10k ETH the price of the token has

increase so much that if they cash out all the new investor is gonna be stuck ( their 10% cash out is split up to many accounts which new investor will not benefit )

not to mention they will drag the price down like a dropping ball.

Just my opinion, Please be realistic and invest safely!!!

Thanks, Ziyi, for opening this thread. I hope you don't mind, that I use your thread to catch up with info about PoWH3D and raise new awareness about this revolution in the crypto space.

Before we start, I just want to get to @cryptoboi5 for spreading FUD and understanding nothing: This is definitely no scam and it's easily provable by just reading the source code of the smart contract. The PoWH3D contract has an anti-whale routine built-in. There were 24 ambassadors, limited to 1 ETH each until 20 ETH were in contract. You can see this in the comments of the contract code also: https://etherscan.io/address/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#code (https://etherscan.io/address/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#code). All I ask for is to keep an open mind and to have faith that you "maybe" witness a revolution with PoWH3D in the crypto space.

-----

Let's get started...

PoWH3D summary:
PoWH3D is a decentralized economic simulation of an algorithmically governed cryptocurrency in which the taxes on all transactions are awarded autonomously to currency owners instead of a governing body; resulting in a universal passive income based on adoption and transaction volume.

PoWH3D is a unique cryptocurrency exchange which allows you to trade Ethereum for P3D tokens. P3D tokens are ERC-20 tokens with a clever twist: Every P3D holder receives direct earnings in Ethereum every time that anyone else buys, sells or trades the token based on the amounts of tokens (in % out of total amount minted) held.

-----

PoWH3D ETH stats as of May 6th:
Total ETH ever invested: 42,122.5915 ETH
Total ETH ever reinvested: 4,603.5715 ETH
Total ETH ever withdrawn: 31,287.0744 ETH
Total ETH ever paid out in rewards: 7,456.8799 ETH
Total ETH ever paid out to masternodes: 828.9676 ETH

PoWH3D Token stats as of May 6th:
Total P3D tokens ever purchased: 3,423,427.5992 P3D
Total P3D tokens ever purchased through reinvestment: 325,859.0529 P3D
Total P3D tokens ever sold: 2,332,279.9522 P3D
Total P3D tokens ever transferred: 46,017.6907 P3D

Fantastic landmark reached on May 8th:
200,000 total transactions to the P3D contract and over 9000 wallets own P3D (etherscouter says). Of that, nearly 50% of them have an iron clad grip and have never sold once.

-----

PoWH3D info:
PoWH3D website: https://www.powh3d.global (https://www.powh3d.global)
PoWH3D white paper: https://www.powh3d.global/white-paper (https://www.powh3d.global/white-paper)
PoWH3D FAQ: https://www.powh3d.global/faq (https://www.powh3d.global/faq)
PoWH3D Getting started: https://www.powh3d.global/getting-started (https://www.powh3d.global/getting-started)

PoWH3D dividends and contract simulation: https://youtu.be/KAHjpB0sx2g (https://youtu.be/KAHjpB0sx2g)
PoWH3D code review: https://youtu.be/gDpOTL_KKys (https://youtu.be/gDpOTL_KKys)
PoWH3D is NO ponzi/pyramid sceme: https://youtu.be/Tn9FMlGVfP0 (https://youtu.be/Tn9FMlGVfP0)

Stay up-to-date on PoWH3D:
Discord: https://discord.gg/Y6CHepn (https://discord.gg/Y6CHepn)
Newsletter: Go to https://www.powh3d.global (https://www.powh3d.global) and scroll to the bottom
Email: info@powh3d.global

If you have any questions, please don't hesitate and ask anything. Write me a PM, drop me a line via email, or use our Discord channel and use the #helpdesk there.

-----

What's coming next:
The PoWH3D development team has a long-term vision that spans much farther than any one project. There are at least 4 upcoming projects planned and each is distinct and complementary to one another. These projects form a brand new ecosystem. The best part is that each of the projects in the ecosystem will reward strong holders and users of the others. There is no need to sell P3D tokens ahead of the launch of future releases. Instead, having strong hands will only benefit you as the ecosystem develops. The developers don‘t ask for nor want your faith or belief, only that you have fun, think critically and keep an open mind.

-----

FOMO3D, the next smart contract will go live in May 2018. P3D holders will gain serious benefit from owning tokens.

I'm not a financial advisor, but I recommend looking closely at PoWH3D. If you are comfortable with the project, then buy into P3D, hold your tokens long term, enjoy the dividends and thank me later.

Hey,

inventor (the solidity coder from the p3d contract) drop some interessting to read stuff on discord.
you can read it here: Game Theory and Incentive Design behind PoWH3D
https://hackmd.io/lCOnY-7kT2ey5CNedxmTAA?view#


Also it's quite possible that the Devs will release the testnet for Fomo3D this weekend ;)

Man this is getting better and better. I held on to about 200 P3D tokens. The dev's just released the second contract in the Team Just repertoire. Its called F3D. This dapp pays dividends to P3D holders depending on which team the select.

P3D Exchange: https://exitscam.me/0x315cea9d9c15b126a96dbaea663b5eb538fdd090 (https://exitscam.me/0x315cea9d9c15b126a96dbaea663b5eb538fdd090)
F3D Exchange: https://exitscam.me/15percentoff (https://exitscam.me/15percentoff)

https://preview.ibb.co/nMVVJd/p3d_avg.jpg (https://ibb.co/bvno4J)

That was actually a good tip. One would have 2.5x the initial investment buying P3D back in May - not counting the dividends.

I agree the ecosystem is quite clever.

 I must agree i was skeptical at first but if u check the actual game statistics u will see that more than 20.000 ETH flowed in a few days. Thats impressive. With the upcoming second smart contract game new value will massive flow in. Quite better than every lottery   ;D

Very interesting thing. I would like to see more of such "games", but as it is in the section "Altcoin Discussion", there is probably no own section for it on this board. Does anybody know a website or something which lists blockchain games where you can gamble?

You can always check https://dappradar.com/

or try your luck with https://fomo3d.nl

I bought some Fomo3D by clicking F3D: Long at the link below, also bought some P3D tokens..

Each day I get about 2% - 3% credited back.  Maybe I'll break even within 30 days or so if the game continues to grow, then sit back and see where it goes from there..

You can play Fomo3D or buy P3D here: https://exitscam.me/minatory%20penciller
For P3D tokens (which seem to grow faster dividends), click P3D: Dividends+ at the top of the screen.

https://bitcointalk.org/index.php?board=207.0

Discord link isn't working. Whats happening?

It is a zero aggregate amusement like each exchanging stage of computerized resources however this isn't our standard trick Ponzi conspire in light of the fact that here, no phony bot, all the math is including, benefit/misfortune depends on Demand/Supply, profits are made out of purchase and offer commission, it is supportable as no base profits are guaranteed, everything is clear and straightforward.

F3D is great. I suggest everyone buy some. "Faith and belief is the one thing that we will need to change the world. Bitconneeeeeeeeeeeeeeeeeeeeee"!!

Now truly, stay away.

Fomo3D short started now. The ICO was just crazy, price for one key raised to 1 eth after a minute.
Jackpot now at 1.5 million dollars.

https://exitscam.me/quick

My referral link:
https://exitscam.me/19368

Someone got JUSTED very hard by throwing eth at the contract and getting in when the key price was already in the eths.
Lots of people will complain in the group.
P3D holders will be wanking.

Extremely decent algo and I know this algo structure will be utilized as a part of an excessive number of ponzi plans.

I am not calling P3D as ponzi but rather I am certain individuals will utilize same plan to assemble a ponzi

I forget where I found out about this project but just read over the announcement here and I really like the idea pretty freakin cool actually :)

so I have a question though how do I go about investing in this coin? I dont see it on CMC so can't find any exchanges.

So here we are, over 415 days since deployment of POWH3D.

Some stats for all the haters.  ::)

Currently 19,822 ETH in the contract. It got as high as 80K ETH after FOMO3D launched, and they're are about to release another game on TRON.
189K ETH invested in total.
56K ETH paid out to P3D holders.
18K ETH paid to P3D holders from External contracts connected to the P3D ecosystem.
7,500 ETH largest single buy transaction

You can find stats, charts and other details here: https://powh3d.eu/

If you didn't hear yet, Team JUST also released FOMO3D, the largest and most successful dApp of 2018.

They are releasing a new project on TRON very soon. Join the discord here: https://discord.gg/wfG97Kt and have a chat.

Also, theres a new P3D wrapper contract called P3X the POWH3D Extension, its a fully erc compliant token which can be traded on exchanges, has free transfers, a lower masternode requirement and has some additional features that make it perfect for future dApp connections. You can check it out here: https://www.getp3x.com the contract is linked there as well.

Enjoy the divs.