You are viewing a single comment's thread from:
RE: How I Hedged This Ethereum Crash And Lost Nothing!
Well let's debate that. How do you feel it is a ponzi? If people sell off you make money so old investors provide for new as well as new for old. Not only that but there is no operator so it cannot be a ponzi. Go to the site, they do not promote this as a way to make lots of money, but as an experiment and joke really. Ponzis need a central operator and usually they are screaming invest invest invest.
I'm just saying, if it sounds too good to be true, it probably is. OK, so it's a pyramid scheme. What is the worst scenario? don't tell me you can't loose cause I can't believe that.
No anyone can lose in crypto hahah. I do not even want to fill your head with what "I think" I want people to look for themselves. I honestly bought in because I am a memehead and 4chan user and the project resonated with me. I thought it was scammy at first to. Read the smart contract, if you know solidity, and then you will see the only way to lose is if EVERYONE sells and the price of eth plummets. Even when people sell that 10% is spread across all tokens left, evenly. Also tokens are created on buy and burned on sell.