I guess I understand half of the things about proof of weak hands, I definitely get the connotation, but I still cannot figure out properly how this "game" will work. Is it just me? Maybe if they can simplify or dumb it down, because I feel that there is potential in such a game, yes even if it was a joke/meme currency, but look at what happened to Dogecoin, the joke that suddenly became serious.
I have >1 ETH for example. What do I do exactly if I want to "join" this fun?
Topic: [Meme/Satire/Joke Coin] POWH3D developer debunks.. (Read 126 times)
My Fiat-to-crypto exchange rate difference for buying and selling can be as high as 5% (not including fees); some P2P alternatives may charge as high as 30% as a premium in places like China where people do not have any other option to buy into crypto! High fee does not a scam make.
For POWH3D, the payout is actually distributed to ALL existing holders EQUALLY, rather than scaling/adjusting the distribution base on early adopters. Not really a pyramid scheme IMO, that is just for satiric effect to poke fun at things. Weather or not the code is "solid", is totally up to the individual to decide (by looking through the code themselves) or wait for an audit by a credible independent source, and to put in what one is willing to risk (just like with any ICOs and cryptos, as a matter of fact). It is also up to the individual to decide if they wish to KNOWINGLY inject into the POWH3D ecosystem, and join the "game", in-spite of the 10% transaction fee considered given the un-promised but obvious "potential" gains to breaking even eventually and beyond. Also, the fact that the developers have chosen to evenly distribute the fees as ETH rather than P3D, seems fair and enticing to me personally. In a way, its like choosing to lock up your ETH funds (like VeChain does), to generate more ETH for yourself over time (via their funny/satire system).
The fact that the P3D team is purposely advertising their game with a pyramid symbol is more of a "feature", rather than a flaw in their "marketing" choice (citing IOTA's FuD)
It is supposed to be a meme coin, and how they choose to promote themselves as should not be taken too seriously. The rules of the game is obvious and clear. Either you choose to play it, or stay away from it, is your choice and yours alone to make -- just like with CryptoKitties.
The "JUST powh.io" token we got is just a sneaky advert that they have distributed while at the same time informing the ETH team of the presence of this "exploit" that have enabled then sending their ad-tokens out w/o spending any GAS.
For POWH3D, the payout is actually distributed to ALL existing holders EQUALLY, rather than scaling/adjusting the distribution base on early adopters. Not really a pyramid scheme IMO, that is just for satiric effect to poke fun at things. Weather or not the code is "solid", is totally up to the individual to decide (by looking through the code themselves) or wait for an audit by a credible independent source, and to put in what one is willing to risk (just like with any ICOs and cryptos, as a matter of fact). It is also up to the individual to decide if they wish to KNOWINGLY inject into the POWH3D ecosystem, and join the "game", in-spite of the 10% transaction fee considered given the un-promised but obvious "potential" gains to breaking even eventually and beyond. Also, the fact that the developers have chosen to evenly distribute the fees as ETH rather than P3D, seems fair and enticing to me personally. In a way, its like choosing to lock up your ETH funds (like VeChain does), to generate more ETH for yourself over time (via their funny/satire system).
The fact that the P3D team is purposely advertising their game with a pyramid symbol is more of a "feature", rather than a flaw in their "marketing" choice (citing IOTA's FuD)
It is supposed to be a meme coin, and how they choose to promote themselves as should not be taken too seriously. The rules of the game is obvious and clear. Either you choose to play it, or stay away from it, is your choice and yours alone to make -- just like with CryptoKitties.I guess they send this token to almost everybody but etherscan doesn't show in token transfers window.
I wouldn't use it though, if it has some value I would sell and never look back.
I wouldn't use it though, if it has some value I would sell and never look back.
The "JUST powh.io" token we got is just a sneaky advert that they have distributed while at the same time informing the ETH team of the presence of this "exploit" that have enabled then sending their ad-tokens out w/o spending any GAS.
I guess they send this token to almost everybody but etherscan doesn't show in token transfers window.
I wouldn't use it though, if it has some value I would sell and never look back.
I wouldn't use it though, if it has some value I would sell and never look back.
[Meme/Satire/Joke Coin] POWH3D developer debunks..
Watch Video at:
https://www.youtube.com/watch?v=4YkMXoOxQq0 (before commenting)
Addressing the concerns such as potential of an "exit scam", how in reality POWH is in fact the opposite of Bitconnect (i.e. distribution of fees is not paid to early adopters but equally shared to everyone still with a stake in the game) and more like yet another crypto-game like CryptoKitties.
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Everything about POWH cracks me up! ^~^ Nicely played to the peeps who developed POWH! The "3D" bit is especially a nice added touch!
Btw, https://powh.io/?masternode=0x4c4bd6409b4db326ee4fd00c2155817f9fe08291
The concept is pretty brilliant too, which I see a crypto-game (poking fun at BitConnect and the likes, and no different to say CryptoKitties) with simple rules that participants all understands what they are getting themselves into, w/o the risk of a sudden exit scam (beware of dodgy clones). =D The current developers are experienced crypto-programmers that have build POWH from the grounds up, and did their best to prevent hacks.
Once can think of POWH as a form of variable interest (nothing promised) fixed deposit. Penalty applies if one prematurely exits before a self-determined "target" is reached.
POWH3D needs an announcement of an announcement of a MAGA openly-imaginary partnership that will only be announced if the marketcap of P3D reaches 3-billion USD! ^~^
====
This video discusses why the SEC wouldn't be able to shut down https://www.youtube.com/watch?v=0HA8aTfB2TM
Since it is an ERC20 token, even if their website is shut down, anyone can still continue to interact with the contract; and there are already 3rd-Party "exchanges" being made available (use with caution).
====
From the way I see it, P3D is simply like a fix-deposit to entice people to hold their ETH (as P3D tokens) within the Ethereum ecosystem; at least (hopefully) until the 10% in and 10% out in fees are recovered from bonuses received from other transactions. An important point to note is the those bonuses is not paid out as P3D token, but the developers chooses to distribute fees to participants as ETH; which the system then leaves the individual to decide if they wishes to withdrawn or re-inject them into their P3D stake.
Proof of Weak Hands (POWH3D) - Honest Review & Lead Developer Chat
https://www.youtube.com/watch?v=rPrk9n9PuoU
Watch Video at:
https://www.youtube.com/watch?v=4YkMXoOxQq0 (before commenting)
Addressing the concerns such as potential of an "exit scam", how in reality POWH is in fact the opposite of Bitconnect (i.e. distribution of fees is not paid to early adopters but equally shared to everyone still with a stake in the game) and more like yet another crypto-game like CryptoKitties.
---
Everything about POWH cracks me up! ^~^ Nicely played to the peeps who developed POWH! The "3D" bit is especially a nice added touch!
Btw,
The concept is pretty brilliant too, which I see a crypto-game (poking fun at BitConnect and the likes, and no different to say CryptoKitties) with simple rules that participants all understands what they are getting themselves into, w/o the risk of a sudden exit scam (beware of dodgy clones). =D The current developers are experienced crypto-programmers that have build POWH from the grounds up, and did their best to prevent hacks.
Once can think of POWH as a form of variable interest (nothing promised) fixed deposit. Penalty applies if one prematurely exits before a self-determined "target" is reached.
POWH3D needs an announcement of an announcement of a MAGA openly-imaginary partnership that will only be announced if the marketcap of P3D reaches 3-billion USD! ^~^
====
This video discusses why the SEC wouldn't be able to shut down https://www.youtube.com/watch?v=0HA8aTfB2TM
Since it is an ERC20 token, even if their website is shut down, anyone can still continue to interact with the contract; and there are already 3rd-Party "exchanges" being made available (use with caution).
====
From the way I see it, P3D is simply like a fix-deposit to entice people to hold their ETH (as P3D tokens) within the Ethereum ecosystem; at least (hopefully) until the 10% in and 10% out in fees are recovered from bonuses received from other transactions. An important point to note is the those bonuses is not paid out as P3D token, but the developers chooses to distribute fees to participants as ETH; which the system then leaves the individual to decide if they wishes to withdrawn or re-inject them into their P3D stake.
Proof of Weak Hands (POWH3D) - Honest Review & Lead Developer Chat
https://www.youtube.com/watch?v=rPrk9n9PuoU
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