WARNING: This post is about a ponzi scheme. At the end of the post, you might be tempted to invest in said ponzi scheme. Do it!
WARNING 2: Consider all this post as written for entertainment/educational purpose. I am not responsible for your loss if you decide to invest your hard earned ETH in ponzis...even cool, mind-bending ponzis like the one below! 

----

## Proof of WEAK HANDS!

<center>![](https://steemitimages.com/DQmQ6QK7Bgrx2Sg8P3MX5QEkxwSR2NxYDktBJzaB5x1XP5F/image.png)</center>

I recently discovered this project called [PoWH](https://powh.io/?masternode=0x295dd46fbf445521b6fa0629792bdeb69f7c9476). It's basically a Ponzi scheme smart contract but with a few key modifications that makes it interesting and worth following to me. Now, you must understand that this is not me uncovering the inner-working of this project, they say so on they main page:
>Proof Of Weak Hands [PoWH] is a Smart Contract economic simulation system that evolved from (we shit you not) an autonomous blockchain ponzi scheme written by Jochen-Hoenicke a main developer of the Trezor hardware wallet.

but also:
>With the unique rules we developed based on the coolness of the other smart-contracts (passive income is awesome). We've created the first truly three dimensional cryptocurrency asset that successfully replicates economic models that people have been trying to tell you "might be great" for decades now.

It's all a big joke!! But a cool joke!! Every one of my loyal followers know I have a weak spot for cool stuff.

---

So how does it all work?!

In plain English is all ran by the smart contract so basically there is nothing to doubt or wonder, no one to scamm you or steal your tokens or change the rules when you least expect it. This by itself is pretty cool and something I really enjoy especially after some of my experiences with all kind of rules changing unfairly and without warning...
The smart contract always knows how much a token is worth, when you buy the tokens, the price goes up a bit. The smart contract auto updates price and you always know what price you get them at. When someone sells, the price goes down a bit. 

<center> ![](https://steemitimages.com/DQmRmuZepeTC8YkmcfG1KTXmBYvKuNSsfxBvyiSJrNChJGY/image.png)</center>
Why is this ponzi? Because every time someone buys, your coins will be worth a little more. But the ONLY way for your coins to be worth a little more is if someone buys from the smart contract! When you sell, you lower the value of all the coins for everyone...aka WEAK HANDS SUCKS!

Now here;s where it gets interesting: Every buy and sell is charged a 10% FEE in ETH and shared between all HODLERS. So even if you do sell and get ETH, I still win something. If enough people buy and sell and buy and sell then you might get your investment back in ETH dividends and have the coins as a bonus ( this can be harder as you go in later, given that the price of coins goes up ).

So: You buy coins from the smart contract at a price. The price goes up. The next person buys from the smart contract, you get some ETH, the price of coins go up. YOU WIN! 
A person who got in at a very low price decides to sell his coins to get sweet sweet profits, the price goes down, but you still get ETH from this sell! Now the price is lower so that could be incentive for more people to buy in...and be charged 10% that goes to you! What a great ponzi!  --> but even this is cool cause the whole buying and selling is on their own DEX! I mean how cool is that?

<center> ![](https://steemitimages.com/DQmXg4cdwud37o8usMXXxkXNd1qQ1ftpT5h8iTuGcWoGbZF/image.png)</center>

Finally, the cool thing about all this if you reallly think about it is that each coin is backed by ETH. They have exactly all the ETH they say they have..because there is no "they!" it's a smart contract that can not lie and does what it's supposed to do. It's the truly fair backed token we\ve all been waiting for...for a huge fee, and with potential profits for the early buyers..cause it's a PONZI!

<center> ![](https://steemitimages.com/DQmQHWRYEiZo71ta2Rjw6FHybd5Luv2vbpZHGKWgUCdkCCj/image.png)</center>

Oh, and if you have 5 of these coins you can create a masternode! Like the links above and the one below:
### [WANT IN THIS PONZI??](https://powh.io/?masternode=0x295dd46fbf445521b6fa0629792bdeb69f7c9476)

<center> ![](https://steemitimages.com/DQmPCGc7bcvWEVfQqHcdvMPziM9M8KBUF3Am7yF4anbSNxF/image.png) </center>

MAY but may not :)

Anyway, all in all this is such a cool project. Looking at the whole idea, concept and application ( seriously check the site cause it's a fun) you can see that blockchain is not SO serious but it's also SO CRAZY. I mean, these people made a joke PONZI site and now the contract has 4000 ETH locked in and it seems to go up fast ( like, yesterday 1500ETH worth of ponzi coin were bought! no weak hands allowed!). Like, let's have fun...with millions$$! 
Classic crypto :)

I think it's cool and I'm following this to see how high it can go and how long it can ran and to me, the only way to have more fun than watching is actually playing. So yeah, I'm a fool :)
If you wanna be a fool like me, you can buy any amount of coins directly from their DEX using MetaMask. 
But, **I do not recommend it.**
Stay safe and free of ponzis, kids!

<center>![](https://steemitimages.com/DQmPUePwbFr5wqRNtTkCPc9oPECPwS5pDCUs4FEJ7qiVqs4/image.png)</center>