Post
Topic
Board Service Discussion (Altcoins)
Re: 333 ETH? a ponzi scheme?
by
Msile
on 10/10/2018, 13:37:23 UTC
Ethereum-based Decentralized  333ETH has been flagged as a possible ponzi scheme. The scheme promises a 3.33% daily interest and has gotten the attention of a lot of "investors'. That is quite high in my opinion, what is your opinion on this?Is this another 'bitconnect' kind of game that gave cryptos a bad name earlier this year? 

Source:
https://www.cryptoglobe.com/latest/2018/09/popular-ethereum-based-dapp-flagged-as-fraudulent-ponzi-schame/
Anything that promises that kind of outrageous amount of profit in a day is obviously a ponzi scheme and if you are not careful you are just going to end up getting sucked in. People should learn to understand ponzi schemes better to be able to point it out. This is obviously one that people should stay away from. This is one of them, thanks for pointing it out.