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    One of the most popular Ethereum apps sure looks like a Ponzi scheme /Link



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    They're not even trying to hide it anymore. 

    One of the most popular apps built on the Ethereum blockchain, a so-called DApp, is promising users a guaranteed fixed daily return on their investments. And all the would be crypto-rich have to do is put in a bunch of cryptocurrency up front, then sit back and wait for the rewards to come pouring in. Assuming new people keep following suit, that is. 

    And man, it sure does look a lot like a blatant Ponzi scheme. 

    For those not in the know, a DApp is a decentralized application built on a blockchain like Ethereum or EOS. You may be familiar with legitimate DApps such as Augur or CryptoKitties, but this is not a story about what honest programmers can create using the power of the blockchain. Rather, this is a look at the magical thinking of 333 ETH — a DApp that promises "life-long payments guaranteed by the Ethereum blockchain!" Read more...

    More about Blockchain, Ether, Ethereum, Cryptocurrency, and Tech


    TwitterFacebook

    They're not even trying to hide it anymore. 

    One of the most popular apps built on the Ethereum blockchain, a so-called DApp, is promising users a guaranteed fixed daily return on their investments. And all the would be crypto-rich have to do is put in a bunch of cryptocurrency up front, then sit back and wait for the rewards to come pouring in. Assuming new people keep following suit, that is. 

    And man, it sure does look a lot like a blatant Ponzi scheme. 

    For those not in the know, a DApp is a decentralized application built on a blockchain like Ethereum or EOS. You may be familiar with legitimate DApps such as Augur or CryptoKitties, but this is not a story about what honest programmers can create using the power of the blockchain. Rather, this is a look at the magical thinking of 333 ETH — a DApp that promises "life-long payments guaranteed by the Ethereum blockchain!" Read more...

    More about Blockchain, Ether, Ethereum, Cryptocurrency, and Tech



    (@)Jack Morse

    Published on 14 Sep 2018 at 10:42PM

    Header logo.v2.us 6653972cc831bd09732d26dc9da67bd6be0c4d2b28757f116791336ccf2146ec Header logo.v2.us.dark dd0a18bfb3d211980944b582cfc03c24db96b9069f2a3234fb6cf064c72f58aa "Life-long payments guaranteed by the Ethereum blockchain!" LOL. 2017%2f09%2f18%2f2b%2fjackbw5.32076 Nothing can go wrong. Https%3a%2f%2fblueprint api production.s3.amazonaws.com%2fuploads%2fvideo uploaders%2fdistribution thumb%2fimage%2f83592%2f50e61165 7109 4146 add7 c30f0d53f134



















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