ETH smart contract gambling pyramid games discussion (PoWh3d, ethpyramid etc..)

[shizzle_my_nizzle]

Hi guys

A few months ago some Ethereum smart contract gambling pyramid games were made based on Satoshilabs' Dr. Jochen Hoenicke's autonomous pyramid idea.
You can find Hoenicke's version here https://test.jochen-hoenicke.de/eth/ponzitoken/ , it runs on Ropsten testnet.

And all of the Smart contract games that were created on this idea and used real ETH... went to shit
Either the developers themselves cheated everyone or the code had weaknesses and was exploited.

Today new ones are being created and the developers claim the code is solid. Even if you don't read this thread you'll likely hear about them because the gamblers who
invested are telling everywhere about them because they benefit from both new players or more volume. They get dividends even when people leave.

The new versions I've found thus far are
EthPyramid https://etherscan.io/address/0x2fa0ac498d01632f959d3c18e38f4390b005e200#code
PoWH 3D https://etherscan.io/address/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#code

if you find any new ones please let us know.


I've opened this thread for several reasons:
1. if there are any good programmers here please go through the code and comment if there is anything shady in it.
2. to educate the public so they understand these things and cannot get swindled by con artist's promises.
3. to get your opinion on this.

I personally think it's sad that so many new things in crypto get started only for greedy purposes.
But I do have hope for these things developing into something constructive in the future. Why?
Because even the internet  has historically spread mostly as a way for people to find pornography.
And today it's a global information and communication infrastructure that is cheaply accessible to most of humanity.

[shizzle_my_nizzle]

LoL, I've just found out that powh3d (powh.io) even offers referral links bonuses to their players.

[Kastraore]

It seems Powh3D grew their token over 25x times. Last 3 days, 5000 ETH were thrown in the contract by various people.
This huge growth is incredible. Its a pyramid scheme so you should not risk such investment but if you wish to do so here it is:
https://powh.io/?masternode=0xf52faea9dbbe6ae966d6e2e72b0cf97841c70af9

[quicksilv3r]

 Bookmark THIS BACKUP WEBSITE http://x.co/BUYP3D  

Unstoppable passive income smart-contract built on Ethereum.
Dividends are paid directly to Token holders of PoWH(P3D) in Ethereum(ETH) via smart contract.
100% Decentralized! No Humans involved.
http://x.co/POWH

[quicksilv3r]

Proof Of Trevon James, is a #ERC20 token that generates you #Ethereum just by holding it!
100% Decentralized! No Humans involved, Lifetime Passive income
http://x.co/POTJ 
 get in early !

#POCG #SmartContracts #passiveincome #craigGrant #powh3d #FOMO3D

[xMarty]

Thanks, shizzle_my_nizzle, 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. So 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.

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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

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

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

Stay up-to-date on PoWH3D:
Discord: https://discord.gg/Y6CHepn
Newsletter: Go to 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.

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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.

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

My advice and final word: Buy into P3D, hold your tokens long term, enjoy the dividends and thank me later.