Also a possible alt of Relyt, also spamming about 333eth :
Classic sockpuppet.
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.
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
It seems to me that many members of the forum have outdated concepts about the Ponzi scheme.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Your brain is outdated.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 * ---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.
