Proof of Weak Hands explained [P3D]

[funkyfeet]

Where can i buy this Token?

1. Download Metamask, create a new account with an ETH address.
2. Send ETH to that address
3. Go to www.powh.de 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

[1715506651]

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[1715506651]

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[C0llis0n]

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!

[zidane]

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

[kmkfan628]

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!

[kmkfan628]

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*

[adam1230]

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. )

[Ziyi]

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

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.

this is nothing more than a transfer of wealth from the later adopters to the early adopters!!!

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 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.

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.

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.

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 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....

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*

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 you can see that the charts say that the current number 1 tokenholder has 3% tokens while on Etherscan 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".

[funkyfeet]

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

[ftguy]

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.

[CryptoForShow]

Where can i buy this Token?

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

[dinoloverpete]

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?

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.

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.

[kmkfan628]

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

[funkyfeet]

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.

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

[kmkfan628]

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?

[Longfellow27]

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.

[kmkfan628]

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?

[ftguy]

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).

[carlisle1]

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.

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

clear enough?

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

[kmkfan628]

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

[ftguy]

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...