4 ms·

This is obviously an April Fools' Day joke, but it shows what is wrong with crypto-backed projects (ICO's etc)

• if_by_whisky 9y ago
  I don't understand. Can you break it down a little more?
• azeirah 9y ago
  April Fools' Day joke or not, a project exactly like this one existed way before today. https://ponzicoin.co/home.html https://ponzicoin.co/home.html
  • FlailFast 9y ago
    And the one I made before the project you mention: https://ponzico.win https://ponzico.win The real fun is the whitepaper (some of my better work): https://ponzico.win/ponzico.pdf https://ponzico.win/ponzico.pdf But yeah, PonzICOs are turtles all the way down.
    • NetOpWibby 9y ago
      That whitepaper is damn good.
      • FlailFast 9y ago
        Thank you, truly! Satire is my passion, and whenever folks enjoy my work I feel a deep sense of pride.
        • username223 9y ago
          Follow your dream -- the world needs satire now more than ever. (Though I would prefer [twocolumn].)
    • dorgo 9y ago
      Now I see the value behind smart contracts. It is much easier to set up a Ponzi scheme. No need to keep track of all the investors and who owns what.
  • bdcravens 9y ago
    I think Ponzi.io lasted about 1day about 3 years ago (it was real, but I think the coins were refunded)