I think I do not need to explain what I mean by ponzi crypto scam. Every week I see at least ten new ponzi scheme scams.
You don't need to explain and you don't have to ask either because only fool will do such a thing.
They often offer something like 100% interest per 24h (or something similar). They commonly run for quite a few weeks (or months sometimes) before "they go scam" publicly. The obvious idea how to exploit them is to invest something small at the first day, withdraw it as fast as possible and repeat just with the interests from the previous bet (and of course take some money away from every successful round).
Offering 100% interest in just 24 hours?where on earth you mean to believe that?even newbie will not come to that agreement as it is purely scam.
Has anyone tried that? Have you been successful? Is this kind of gambling popular/common. Has it name?
No I know no one that comes to that,unless they are billionaire that willing to lose their money in just trying that stupid sites.