POWH is a scam, but it is also a very fun game!!!

So let's be upfront and honest, this program is a scam and will lose someone some money. For goodness sakes they have pyramids as their logo and leave statements like this on their faq pages...

But before you can lose all of your ethereum (with a strike through it) invest in it you need to add funds to your metmask account.

or

Hey there! I see you're interested in testing how strong your hands are. Or maybe you're just after those masternodes and the prospects of dooming your friends to an eternity of bagholding (again a strike through it) inviting them into a profitable arrangement.

They even claim to be what Bitconnect was supposed to be, except run through Ethereum's smart contract system to verify that trust in the developers is not necessary.

So why am I playing with this game? Because it is still early enough that I feel confident I will at least get my money back and it gives me the opportunity to compete with my crypto friends on who has the strongest hands.

So how does it work?

Every person that buys the p3d token on the network pays an exchange fee just as you would with any other exchange. Difference is that existing token holders get that fee split between all of them based on the number of tokens held in the form of dividends paid in Ethereum. There is also a fee paid to the exchange when you sell your tokens which similarly is distributed amongst the token holders based on the number of tokens they hold as well. So in this way you are paid dividends in Ethereum and incentivized to hold on and show that you have strong rather than weak Hodling hands.

This is all run on a smart contract and the developers can't run away with the funds, so what is the down side...?

Here is where you need to realize that it is not if, but rather when, will this program fail. A program like this is only sustainable while people choose to participate in it. As soon as people stop buying the token, the last person holding their bag of tokens will get paid dividends until there is no one to buy anymore. Then hopefully they have recouped their funds they initially bought in with and reinvested into additional tokens, but if you are the last person holding the bag and there are no more purchasers, you have a worthless coin.

Something will come along that has more hype and popularity and just as we saw with Bitconnect, a thousand new lending platforms showed up to share the market cap. From an economic standpoint I don't see a program like this running forever without some kind of innovation. Will there be an evolving use case for the token other than running a pyramid scheme down the road? Will it acquire mass adoption among the masses? I wouldn't put any faith in these things happening.

For now though.........I am going to keep on playing this risky game because it is fun!!

I didn't put all the fine details of how this game works in this blog because I recommend you click on the link below and do your own thorough research. Don't play with money you are not willing to lose and don't risk funds if you don't understand what you are playing with. "Reinvesting" is available with your dividends, if "reinvesting" is really the right word for it, but if I were a financial advisor I would say to withdraw all of your dividends until you have recouped 100% of your initial funds you bought in with. Good luck to all of those that choose to challenge my STRONG HANDS of hodling!!

https://p3d-bot.github.io/buy.html?masternode=0x972cbeec83a6a21ed93b850237f6a61ffef7c4fb