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Author Topic: 333eth SPAM/Ponzi  (Read 347 times)
marlboroza
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October 24, 2018, 10:26:24 PM
Merited by coinlocket$ (1), asche (1)
 #21

Also a possible alt of Relyt, also spamming about 333eth :
Classic sockpuppet.
Quote
Banning/Tagging users promoting this would be useful.
All these accounts building quote pyramids/spamming should be nuked and announcement thread thrashed or at least locked if thread starter didn't bother to report all this crap to moderator.
Quote
Seems like there are quite a lot postings being spammed around the forum about this.
You ain't seen nothing yet. Reported only 3 times  Roll Eyes


It seems to me that many members of the forum have outdated concepts about the Ponzi scheme. In order to conduct a dialogue in the right direction, we must first give a clear concept of what the Ponzi scheme is.
Your brain is outdated.

This is newest concept with only 3 investards( "transparent" zero fee ponzi):

First invest 10$ --> scheme shows 10$
Second invest 10$ --> scheme shows 20$
First withdraw 20$ --> scheme shows 0$
First reinvest 20$ --> scheme shows 20$
Second withdraw 20$ --> scheme shows 0$
Second reinvest 20$ --> scheme shows 20$

Both investards are now waiting for 40$.

Third person see there is 20$ in scheme--> invest 20$ to get that 40$ --> scheme shows 40$, but:

First withdraw 40$ --> scheme shows 0$
First reinvest 40$ --> scheme shows 40$
Second withdraw 40$ --> scheme shows 0$
Second reinvest 40$ --> scheme shows 40$
Third withdraw 40$ --> scheme shows 0$
Third reinvest 40$ --> scheme shows 40$

Now, they all reinvested 40$ and they are all waiting for 80$(or, 240$) while there is only 40$ is in scheme. So they need one fool to invest 240$ so they could get their money out. And so on (Add more people).

Lets take a look this for example this smart ponzi contract https://bitcointalk.org/index.php?topic=5053338.60
They promise to double money while they are taking 10% fee. Everything is visible.

https://etherscan.io/address/0xA3296436f6e85A7e8bfC485e64f05E35c9047C92

Code:
* ---How to use:
*  1. Send from ETH wallet to the smart contract address
*     any amount ETH.
*  2. Claim your profit by sending 0 ether transaction (1 time per hour)
*  3. If you earn more than 200%, you can withdraw only one finish time


283,000$ invested and they promise to give 566,000$ while they are taking 10% fee.

How, the hell, 283,000$ - 28300$ = 254700$ can become 566,000$ ? I would say less than half investards will make profit while others won't.
Or, another scenario: everyone will send zero ethereum transaction and reclaim exactly 90% of their investment and lose 10%. Sounds legit, yeah.

All ponzies are scam, "transparent" or not, in my opinion, irrelevant.

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buksbunny77
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October 31, 2018, 12:26:57 PM
 #22

If you knew how many state institutions are disguised under this scheme that you described above.
marlboroza
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October 31, 2018, 09:38:25 PM
 #23

Project "333 ETH" is not a "Ponzi Sheme", because there is no person, no a company (businessman), who
"pays profits to earlier investors using funds obtained from newer investors"...
Who is it then?

People are exchanging money between each other, when new money stop coming people won't have anything to withdraw.
And there is this "not fee" part:  7.5 % Marketing, 5% technical support  Roll Eyes

Stop making it sound like it is not ponzi because this is exactly what it is.

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