Daily Death cross and Monthly R1 . Decentralized Ponzi ETH .
“Smart” Ponzi schemes.
The spread of smart contracts, i.e., computer programs whose correct execution is automatically enforced without relying on a trusted authority, creates new opportunities for fraudsters. Indeed, implementing Ponzi schemes as smart contracts would have several attractive features:
1.
The initiator of a Ponzi scheme could stay anonymous, since creating the contract and withdrawing money from it do not require to reveal her identity;
2.
Since smart contracts are “unmodifiable” and “unstoppable”, no central authority (in particular, no court of law) would be able to terminate the execution of the scheme, or revert its effects in order to refund the victims. This is particularly true for smart contracts running on permissionless blockchains, which are controlled by a peer-to-peer network of nodes.
3.
Investors may gain a false sense of trustworthiness from the fact that the code of smart contracts is public and immutable, and their execution is automatically enforced. This may lead investors to believe that the owner cannot take advantage of their money, that the scheme would run forever, and that they have a fair probability of gaining the declared interests.
All these features are made possible by a combination of factors, among which the growth of platforms for smart contracts , which advertise anonymity and contract persistence as main selling points, and the fact that these technologies are very recent, and still live in a grey area of legal systems .
This is a list of 184 known ponzi schemes based on Ethereum blockchain . Others less recognizable . For instance, they could mix multi-level marketing, token sales, and games, to realize complex smart contracts, which would be very hard to correctly classify as Ponzi schemes or legit investments
imgur.com/a/AgbC4eJ
Check out my twitter for more info about my trades : twitter.com/WagsCap
One of the most advanced and fascinating #cryptocurrency exchange
@FTX_Official rolling out a competition.
Total prize pool consists of 120k $FTT (currently worth roughly 140k $). #Bitcoin and #USDT as collateral, no overloads, no scam
ftx.com/ - 5% fee rebate
@Binance
Finally rolling out x20 futures trading as i predicted before. And this is gonna be the gold standart of leveraged trading in crypto markets.
binance.com/en/register?ref=OP7FEI... -25% fees at futures trading for those who will register in 10 days. #SAFU
The spread of smart contracts, i.e., computer programs whose correct execution is automatically enforced without relying on a trusted authority, creates new opportunities for fraudsters. Indeed, implementing Ponzi schemes as smart contracts would have several attractive features:
1.
The initiator of a Ponzi scheme could stay anonymous, since creating the contract and withdrawing money from it do not require to reveal her identity;
2.
Since smart contracts are “unmodifiable” and “unstoppable”, no central authority (in particular, no court of law) would be able to terminate the execution of the scheme, or revert its effects in order to refund the victims. This is particularly true for smart contracts running on permissionless blockchains, which are controlled by a peer-to-peer network of nodes.
3.
Investors may gain a false sense of trustworthiness from the fact that the code of smart contracts is public and immutable, and their execution is automatically enforced. This may lead investors to believe that the owner cannot take advantage of their money, that the scheme would run forever, and that they have a fair probability of gaining the declared interests.
All these features are made possible by a combination of factors, among which the growth of platforms for smart contracts , which advertise anonymity and contract persistence as main selling points, and the fact that these technologies are very recent, and still live in a grey area of legal systems .
This is a list of 184 known ponzi schemes based on Ethereum blockchain . Others less recognizable . For instance, they could mix multi-level marketing, token sales, and games, to realize complex smart contracts, which would be very hard to correctly classify as Ponzi schemes or legit investments
imgur.com/a/AgbC4eJ
Check out my twitter for more info about my trades : twitter.com/WagsCap
One of the most advanced and fascinating #cryptocurrency exchange
@FTX_Official rolling out a competition.
Total prize pool consists of 120k $FTT (currently worth roughly 140k $). #Bitcoin and #USDT as collateral, no overloads, no scam
ftx.com/ - 5% fee rebate
@Binance
Finally rolling out x20 futures trading as i predicted before. And this is gonna be the gold standart of leveraged trading in crypto markets.
binance.com/en/register?ref=OP7FEI... -25% fees at futures trading for those who will register in 10 days. #SAFU
Trade active:
Closing 30% here at 196. Stop loss in profit near entrance. Still bearish.
Comment:
LEARN
Trade active:
Close 60% here , 40% left with a stops at ~172-191
Trade active:
closed 80% here at 160.
