333 ETH? a ponzi scheme?

[Timaif]

It is a pyramid. Creators tell it. I do not recommend to invest your money in such bad projects. Invest in the future and technologies.

[abanansah]

Yes it is a ponzi scheme. Any promise by any person or group of people to provide a consistent profit basing their product or service in crypto is surely a ponzei scheme. Sooner or later it will fade out.

[mr_smith99]

If it fills like a scam, sounds pika a scam and behaves like a scam than it's a scam my friend

[langjosep]

Yes it is a ponzi scheme. Any promise by any person or group of people to provide a consistent profit basing their product or service in crypto is surely a ponzei scheme. Sooner or later it will fade out.

Sure, 333 is 100% ponzi, but it is still profitable. I mean it is common thing for such projects - making profit for early investors

[tins]

Ethereum-based Decentralized  333ETH has been flagged as a possible ponzi scheme. The scheme promises a 3.33% daily interest and has gotten the attention of a lot of "investors'. That is quite high in my opinion, what is your opinion on this?Is this another 'bitconnect' kind of game that gave cryptos a bad name earlier this year? 

Source:
https://www.cryptoglobe.com/latest/2018/09/popular-ethereum-based-dapp-flagged-as-fraudulent-ponzi-schame/

That's a form of HYIP (you can google ponzi to understand what it is). Typically, you will invest, for example, about $ 100 with interest paid at 3.33% per day for 40 days. If you join early, you will probably earn a little profit from it

[bolbau]

simple logic, when there is a website that offers considerable benefits in a certain period of time, without having to do anything, in the sense that you just sit at home, this is obviously very suspicious and can be categorized as ponzi scheme. but ponzi is not always bad, I have followed it, just how much your expertise. You have to analyze how much the ponzi scheme is able to convince others to invest, then see how long the Ponzi scheme is running, do not enter in the middle, enter the beginning of the game and you have the opportunity to profit. but I really do not recommend this, you are not more than deceiving others to make a profit. I've also stopped with ponzi since 3-4 years ago. goodluck

[erox]

Personally, I think this is another Ponzi scheme and it's best to stay away from this project.

[swordking]

According to me, this is a Ponzi scheme. Those people who not done the research on the project or they just looking for the profit, this kind of people has get stuck in this kind of Ponzi scheme.

[PlusOne88]

I don't believe such promises as being true. The market goes down more often as of this time, and even if it would go up can such increase be really true? If the case is true then I would say they would be doing it by themselves and become rich and would not care more for your participation. A promise so untrue should not be given attention. The misleading or false idea behind should be dismissed immediately. Do not ever let any attempt to be caught by obvious scams.

[sevenjoy]

Of course, they always promise sky-high amounts in order to take advantage of greedy people. Of course such schemes are illegal, governments are fighting them, but it is almost a lost battle, because they grow like mushrooms. Warn everyone you know that participation in such pyramids is the only way to get into their pocket.

well, 333eth is also growing that fast, so maybe you shold check it. Also Ponzi is still profitable for early investors

It is pyramid, no doubt, even developers admit that, but it is still brings money for someone

This is the strategy of these Ponzi schemers that they give such a high profits and offer big things that catch innocent investors and give them little bit profit in the early days and when their investment rises, they suddenly disappear from the market. Thousands of investors lose their money because of such scoundrels. These people are also a poison for crypto market.

[andthereyou]

No doubt that's definitely a ponzi scheme, giving a 3.33% daily is not sustainable. I have encountered many times this kind of offer through social media but eventually the projects failed.

[Ansdaoust6]

Hyф its a ponzi and sacm platform, but you can earn if you perticipating from very beginnig. The main - to exit this in time....

I really thank you that you share your experience with such a Ponzi scheme with people. Very few people in such Ponzi schemes in early days and when people realize these scammers took all their money. In my opinion to avoid such Ponzi schemes never invest in new unauthentic projects an always choose reliable coins for your investments.

[ferrari512ax]

Yes, it's a pyramid, but it does pay. I earn money with it

[siddartha1492]

Just ask yourself a question that where will this 33.3% daily come from. And you will get the answer that whether the project is a ponzi or not. All these schemes are first marketed heavily and whales put a big amount of money to attract people. It runs for few days/weeks/months, but it ends very badly. And this 33.3% is obviously way too high. It might fall way sooner than Bitconnect.

[JayCue]

Investments promising a finite or high return of investments mostly turn into a scam. Should be careful where we invest our money and as much as possible avoid this kind of Ponzi schemes.

[Pimpski]

So what? they proved that they can be trusted. It's real to earn money with 333eth v2

[Zadicar]

Scammers once again using up ETH platform to make use of another Ponzi scheme type investment. Deceiving people with that high rate return on daily basis.
Its clearly stated as long there are pay-ins then there would be payouts then what if theres no new investor?Normal you would really wait for eternity as an
investor.Just seeing a word Ponzi its already a scam.

[gabbie2010]

I don't why people patronizes such an obvious ponzi scheme of course the gullible ones will invest with them 3.33% daily returns is outrageous and the scheme cannot sustain that figure daily before they will run away, people should just stay off those scamming sites and save there hard earn money.

[adworker]

Guys but as I understand they do not translate Ethereum and only specify the private key on myetherwallet. this is definitely a Scam but how do they take money? tell me who knows this scheme.

[Fordrellador7]

That’s fairest smart contract technology! Read more at https://t.me/Ethereum333 ! We take 2% profit everyday! And enjoy that!