Ethereum Ponzi Contracts and a Free CryptoKitty
Winners @ngfx @jujupinto85 @cryptokittyfarm
This was another fun contest, and wooooow such great entries. In fact the entries were so awesome, I'm giving out a 1st-3rd place. In 1st Place with the Kitty pictured above is @ngfx. Not only was this one of the early entries that got some comments flowing, but its a great entry. The tongue puts this one over the top! The next 2 CryptoKitties Contest entries are great uses of props. Check my previous CryptoKitties Post Comments if you would like to view their entries. 1st place receives this Gen 1 https://www.cryptokitties.co/kitty/491047 . 2nd place gets this Gen-2 kitty https://www.cryptokitties.co/kitty/491066 . 3rd bags this Gen-3 cat https://www.cryptokitties.co/kitty/491075 .
Ethereum Ponzis......not so fast... maybe not
Before I start I just want to say if you decide to gamble your Ethereum on this, you are doing exactly that....Gambling. These new contracts are starting to pop up and people are calling them Ponzi Schemes. But, not so fast. There are big differences between these and Ponzi schemes. These contracts are modeled way better.
You can exit at anytime with these! Most traditional Ponzis tie up your original investment and you can only withdraw the profits.
These contracts give you dividends! One incentive that keeps money in the contract is the fact that every time someone buys, all the people under them get a dividend.
Its decentralized. Even if the site goes down, you can still access the contract and get your money out. You also don't have to worry about some developer taking a huge amount of money out of the project to buy houses and yachts.
Here are the contracts I have invested/gambled with. To make it easier lets call them Pyramid Games.
powhcoin.com (the oldest)
ethernumbers.co
powhcoin3.com
powhcoin69.com
powhclone.com
madstackscoin.com(doubling model)
Because I'm crazy, I have invested in all these. I will keep you posted on my progress roughly every 24hrs. This way you can live through me if your smarter than the rest of us crazy people that are playing these games. Below are my first 24 hrs earnings:
site | invested | account value | amount withdrawn |
---|---|---|---|
powhcoin.com (the oldest) | .3 ETH | .3001 ETH | .0101 ETH |
ethernumbers.co | .05 ETH | .0755 ETH | .0037 ETH |
powhcoin3.com | .3 ETH | .4226 ETH | .0386 ETH |
powhcoin69.com | .3 ETH | .8825 ETH | .04112 ETH |
powhclone.com | .05 ETH | .0693 ETH | .0033 ETH |
So like I said be very careful with these if you decide to dive in. If you don't feel like risking your ETH and you just want to win some Kitties, I have a contest for you tonight!. Tomorrow I will calculate my ROI(return of investment) for powhcoin3 . It seems to be my best performer. The number will be the percentage of account value/ amount invested . For example currently it is 140% . So if you guessed 140 or something close to it, you would win a free CryptoKitty!. So to enter all you have to do is upvote, follow, resteem, and comment with your ROI percentage guess and your CryptoKitties Litter Wallet Address!
Example Entry
189%
0xaec539a116fa75e8bdcf016d3c146a25bc1af93b
I also invested in powh coin, their website is to funny not to invest! I always laugh my ass off while reading their front page!
My entry is: 186%
0x5497302F5B9e2e3c03d842659f1f7aDaf4cb68Cf
Wow! This is amazing!
Thanks so much for the gen 1 kitty, wasn't expecting that at all :) You're awesome @brittuf !
My entry:
201%
0xCb068F04c4b2AA29EDC5e006d8eC2c97110Bc86e
171%
0xb8A59e90CC72eE552891be012B191a0Fc91f35CD
well i have to go with 420%, bit optimistic but my favourite number didn't let me down last time! thanks @brittuf! loving your work!! 0x36ED2D75A82e180e0871456b15c239b73B4EE9F4
152
0x08a2d38907d9ac22fea79a1b4005f67d46ba7593
My guess is 183%
😀
120%
0xCb068F04c4b2AA29EDC5e006d8eC2c97110Bc86e
400%
0x9d61c1f8e22ac4716d109ff4ad4e2b157cf797e0
155%
0x3311b10e76719f1bbfee2e235925b3d80a5e7830
%165
0x8a2fe0cBBFD816Df659C7F011aE2b8655735D9f1
and my favorite cryptokitty