<story><title>The most honest Ponzi scheme of all time</title><url>https://ponzischeme.io</url></story><parent_chain></parent_chain><comment><author>fbonetti</author><text>I know this is a joke, but there are numerous real life Ponzi and pyramid schemes based on Ethereum smart contracts. PonziCoin, PoWH3D, and EthPhoenix transparently advertise themselves as Ponzi&amp;#x2F;pyramid schemes. There&amp;#x27;s also a whole genre of &amp;quot;hot potato&amp;quot; collectible games that operate like pyramid schemes. CryptoCelebrities and CryptoKitties are a couple well known games in this genre.&lt;p&gt;Personally, I don&amp;#x27;t think there&amp;#x27;s anything unethical about transparent pyramid schemes. They&amp;#x27;re essentially gambling games where players bet on the greed of other players. The greediest players end up &amp;quot;holding the bag&amp;quot; while every one else makes money. These games can be pretty profitable if you play conservatively.</text></comment>
<story><title>The most honest Ponzi scheme of all time</title><url>https://ponzischeme.io</url></story><parent_chain></parent_chain><comment><author>kerng</author><text>What is so great about this is that in today&amp;#x27;s age anyone can create a great looking website, appear professional and really pull off things like this. Use fancy job titles, like Second Layer Expert (lol) and invent a bunch of other nonsense that sounds innovative and disruptive, as well of course publish the code to be open. It&amp;#x27;s a great prank, unfortunately backed by too many real world cases that do exactly that, and make people lose money.</text></comment>