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Ponzi Games Are Breaking Out on the Ethereum Blockchain

The hottest new apps on ethereum resemble an old favorite: the Ponzi scheme. At least that’s the early consensus on FOMO 3D and PoWH3D, two of the platform’s top three apps entering Tuesday.

According to data website DappRadar, both games have amassed 20,000 ether ($9 million) in trading volume over the last 24 hours, a figure that puts them on par with top decentralized exchanges and that exceed…

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#a Medium post #Bitconnect #dapp #DappRadar #exceeds the highest highs #exit scamming #Foam pyramids #on Reddit this week #on Twitter #strict set of editorial policies #The Button #wrote on Twitter

Scam or Be Scammed? Ponzi Games Are Breaking Out on Ethereum

The hottest new apps on ethereum resemble an old favorite: the Ponzi scheme. At least that’s the early consensus on FOMO 3D and PoWH3D, two of the platform’s top three apps entering Tuesday.

According to data website DappRadar, both games have amassed 20,000 ether ($9 million) in trading volume over the last 24 hours, a figure that puts them on par with top decentralized exchanges and that exceed…

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#a Medium post #Bitconnect #dapp #DappRadar #exceeds the highest highs #exit scamming #Foam pyramids #on Reddit this week #on Twitter #strict set of editorial policies #The Button #wrote on Twitter

Block.One Is Taking a Bigger Role With EOS (And That's a Big Deal)

Block.One Is Taking a Bigger Role With EOS (And That’s a Big Deal)

Block.One has decided to start voting with its hoard of EOS tokens.

Announced last week, the decision finds the startup that created the EOS software, now powered by the fifth most valuable cryptocurrency, breaking with precedent in a move that may have come as a surprise to those following the project’s decentralized launch.

That’s because since going live on June 14, the company has largely…

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#2016 paper #a Medium post #doesn&039;t have official rules #going live on June 14 #has proposed #Joshua Gans #Last week #looked at the wallet balances #Reddit thread #sometimes messy #strict set of editorial policies #Whale shark

EOS Locked 7 Accounts and This Has Implications for Everyone in Crypto

In an effort to stop several thefts, seven accounts of the EOS blockchain were frozen on June 16.

At face value, many will see this move by the 21 block producers (BPs) in charge of validating transactions on the newly live blockchain as a success in stopping malicious actors from bilking several users out of more than $20,000in EOS. But others are concerned that such a centralized decision will…

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#a Medium post #Broken padlock #consensus protocol designer #in a statement #more than $20 #000 #newly live blockchain #on Medium #strict set of editorial policies #the BPs acted #the migration from #tweet thread #were just watching #year-long initial coin offering

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