Is it really illegal to promote a 'ponzi scheme' as I've read people state?
Why don't you contact the SEC and find out? Most people don't really have that question. Stop spamming this thread with off-topic crap. Nobody cares where you choose to waste your money next.
Well I was asking about cryptos as they are almost all ponzis with nothing backing the price in most cases.
For powh.io, I have already made 1% in dividends in 11hours (my dividends are already worth 1% of the value of my P3D tokens at nearly $4 of ETH in dividends)!!! Plus the price went up a lot already to 0.0038 ETH from 0.0035 ETH (close to 10% increase in just 11 hours). When someone buys the token, the price goes up a percentage and when someone sells it goes down a percentage. This is all done in the smart contract. There is also a 10% fee for buying and also for selling that is distributed evenly to everyone as dividends (in ETH) that can be withdrawn at any time or reinvested. You can also withdraw your principal at any time.
If you read the smart contract, the developers don't have any extra advantages except they knew about it early so could buy in cheaper. Nothing can stop this system! It's totally fair. Unlike bitconnect, the marketing can't be done by the company as no extra profits are made by any of the developers. I suppose it has to market itself or through the 'masternode' links. Not sure how people can lose on this as long as people keep buying - what could stop people buying it (price is 0.0042 ETH now btw and the dividends are crazy at the moment)?
326 ETH bought today and only 15ETH sold!!!
Anyway, I had nearly 1.5BTC left over and thought I'd put it in here instead (the distribution of wealth is much fairer than with BTC - 61% of holders have less than 1% each of all tokens and the largest holder only has 4%) .....wish me luck
Copied this from the discord
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Copied this disclaimer from a similar website:
Disclaimer
This game is intended for entertainment purposes only. Do not send any ETH you do not want to or cannot afford to lose. There is zero guarantee that you will make ETH playing this game. And more importantly, zero guarantee that you won't lose any ETH you play with. Play at your own risk and do not attempt to pressure friends, family or strangers into playing too. In fact, you shouldn't even play yourself. The risk is entirely yours. Tread carefully. Good luck and have fun! And remember, it's internet monopoly money. Don't do anything you'll lose sleep (or your family) over.