A Ponzi scheme doesn't require any monetary investment, it's a scheme whereby value is transferred to the creators of said scheme.

When talking about ponzi's in crypto, it takes on a whole different meaning due to the natural creation process of crypto, being creating from mere code, essentially out of nothing, based only on trust.

And to every person who's entering DeepOnion after their "17th airdrop" you've have entered into this ponzi scheme unknowingly (you have invested real money into it, or some serious hours of time), and you're actively marketing the coin to acquire more value to your investment, welcome to the free-coin-prymaid-scheme.

The entire operation is Ingenious, and their marketing/community and coin all coupled together, is virtually unparalleled. But, the markets say otherwise, despite countless hours of marketing, the coin itself remains insignificant, with meager volumes and even a more meager mcap. This ultimately is the biggest tell in what people think about this coin.

DeepOnion will not be the last coin to implement "The Onion scheme" in crypto, it's only the beginning.

Consequences for these levels of corruption will be dealt down on the creators/team of DO, through government intervention or karma. There are countless stories to be told, by former individuals who've seen the insides of the entire process, and it isn't pretty. DO could of easily been one of the best coins to launch, but the morons behind the scene's lack all: vision, experience, knowledge and ultimately the ability to understand criticism/feedback.

what about the site you are talking? I think its https://hitbtc.com/CNX-to-BTC I also seen there are a a lot of sell order. I think some one bought with low price and now placed sell order with a good price.so why there is a big sell order.

TLDR: Two significant advantages of a large coin supply are improved price granularity and reduced psychological transaction costs relative to coins with a lower emission and/or higher value.


I heard the same "supply is many billions so is huge so do not have high expectations" naysaying when Cardano was 300 sats.

Instead of listening to the FUD, I listened to my FOMO and backed the truck up.

More people need to understand the interplay of "round number bias" and the psychological costs (IE market friction induced by high cognitive load) of using high priced/low emission coins for small transactions.


A large community of people enjoy being able to be Dogecoin millionaires and how much more fun it is tipping each other many 1000s of Doge rather than an equivalent value expressed as a tiny portion of a Bitcoin or Dash.

The objective value transferred is equivalent but the human psychology involved is nothing alike, because giving/receiving a 10,000 Doge tip is a subjectively more satisfying experience than using the equivalent 0.0001 Bitcoin or 0.001 Dash.

These kinds of cognitive artifacts result from brain structures relating to the human mind's sense of numeracy and its subitization engine.



The best work in this space has been done our revered Professor Szabo.





His conclusion is neatly summarized by one of our favorite Bitcoin memes:



 

One source of objection to high emission coins comes from reckoning using the metaphor of a publicly traded company's stock share structure.  Stocks with a very high number of shares are considered diluted, usually due to having many rounds of share issuance to raise capital after several unprofitable quarters/years.

The market sees stock buybacks and corresponding share issuance reduction as a sign of a strong company; investors like there to be fewer shares because the stock price may move up more easily due to reduced liquidity (recall that prices are set on the margin).

This metaphor may be of some use when considering coins that actually behave with shared characteristics comparable to a publicly traded company's stock, where 1 coin and 1 share equal 1 vote, such as Decred and Cardano.

But the metaphor breaks down when it's taken into account that the number of coins in a cryptocurrency's present/total emission is arbitrary.  IE, a Bitcoin is just an arbitrary number of satoshis and the number of atomic units may be limited artificially or as a result of the fundamental capacity of the 64-bit memory address space.

A coin's architect must make these design decisions despite the fact they are somewhat akin to picking magic numbers and after launch fairly 'set in stone' because of social contract considerations.

The coin's architect is thus faced with picking these magic numbers based on what has/hasn't worked for previous coins and their own taste (IE intuition).  The market then decides if the architect has good or bad taste in magic numbers (IE fundamental parameters).

The market's decision doesn't happen in a vacuum and depends on if the coin's emission/nomenclature parameters are a good fit for its intended/actual use cases.

Thus for Bitcoin, which is destined to become high-powered super money, a relatively low total emission of 21e6 is perfect.

But for other coins, which naturally fulfill lessor/supporting roles as mere mediums of exchange, a far lower per-unit value is desirable as a way to leverage our visually oriented brains' (and resultant cultures') highly optimized, low cognitive load pathways for subitization and mental calculation.

As some others have pointed out, a "Ponzi scheme", by definition, requires initial monetary investment, which is then used to pay the first investors, so those entering last are burned.  No initial investment, other than a little typing was required.  If you're going to call DO a scam, at least be more accurate.

There hasn't been a mandatory upgrade of the wallet in quite a long time.  You may still compile the code from GitHub and have a working wallet.  Later, non-mandatory, upgrades to the wallet, after the introduction of DeepVault are closed to review, however if you do not wish to use that proprietary DeepVault, then, yes, the code is open source.  I think I've used DeepVault once, not a feature I really need, so, if I wanted to simply stake or hold Onion, I could use the open source, if I cared to compile it myself, from GitHub.

I dislike misinformation being spread, and I would like to know if anything I've typed is factually inaccurate.  Once I investigate your claim, I'll happily correct myself.  Now, just for arguments sake, making statements like, "I feel DO is a scam...." is not something I'd even entertain, your feelings have nothing to do with it, neither do mine.  What I want to know is, can you compile a functional wallet from open source for DeepOnion?  Yes, you can.  Therefore it is effectively open source.  Was a monetary / fiat investment required to initially join the "modified airdrop"?  No, there was not, I was here at the beginning.  A minimum is required now, with, nine, I think, rounds left to go, so, break out your Funk and Wagnall's but that fails the definition of a "Ponzi scheme".

Closed versus open source and "Ponzi scheme" seem to be the arguments thrown around the most, and they appear invalid.

I would highly contact professional advice on this matter to avoid any confusion & possible incarceration.

For those living in the US... this is extremely important.

When it comes to your freedom no financial amount is worth it!

All forks, copyies and stealing coin names must be stopped in crypto world. Even experienced people already don't understand what happening:)  this is no good in this -too many coins and tokens.

This is a mega bullshit! I'm trading on HitBTC, BTX volume per day 5-10 BTC.

The reward size and frequency depend on the 2 factors:

1. The amount on the balance;
2. The time your wallet is online.

The reward weight is not constant.