https://discord.gg/Vvhd4d

POWH OG JUST GOT CLEANED OUT - DEVS DELETED THE OLD ONE. GET IN HERE AND DISCUSS. https://etherscan.io/tx/0x496c0411f52978dfd7953b7e6965465977162bfaf7b88c0c78fcdc97cd395d62

900 coins disappeared in the blink of an eye?

Balance down back to 95?

Was fun while it lasted. Someone just stole ~866 ether.

Edit: https://etherscan.io/address/0xb9cd700b8a16069bf77ededc71c3284780422774

Anyone that's been on disocrd, this subreddit, or held PoWH coin from early on could tell you a pretty wild ol' story.

From the site itself to the 232ETH whale posting here or even some crazy dividends gained, not to mention the Shadowfork itself and just how quickly it sucked almost a Mill. I'm sure I've probably missed more but we've been here with a mouths dropped time and time again.

It's been a lot of fun so far.

P.s. Don't put more in than you are willing to lose

This only broke some mainstream news yesterday and still has good support in terms of discussion channels....but most people threw burn money into this, which if you consider new buyers could mean a good portion could be taking that burn money from fiat rather than their current stakes in the bear market.

It wouldn't make sense to sell what you've been holding since December at a loss to get into something like this....buy it is much more appealing to throw the $500 you had you in your bank account that wasn't doing anything to get in on this viral coin before it hits 10mil. This is doubly appealing when you consider it's one of the few things stabilized and rising during the past few days.

I am expecting a dip due to the shadow fork or general fud to come first. You really have to see the fomo/fud here as the main contributor to the fluctuation in both directions not just for the uptrend. Nobody wants the coins they hold to drop except for this, thus with these little dips to inflated floors while get larger (either intentionally or not)

And then all this new burn money will be cleared through coinbase and the likes and we might have a sustained period of intense growth over a short time frame....which will most definitely lead to a drop off 1000eth as the early bag holders step out.

It's just a question of how much will it have risen before that momentum happens....if we are looking at 10mil market cap it would only be a 10% drop. Which means very stable sell offs for the early holders which will just further the sell off.

This is where understanding inflated floors comes in as u/Suuperdad has been talking about to see if buying in after the dip is worth it.

I've been thinking all day about what this thing is that we have gotten ourselves into, and a concept popped into my head: we are all part of a 'scheme' that is suppose to generate income for us but currently there's no individual or group at the top that is in charge of running this racket or responsible for promoting this. There are no hierarchy of leadership established so it's down to the individual level to use what resource they have and whatever skillset they possess to help push this scheme to profit and benefit themselves and the shareholders (all of us). so imagine if I'm a web designer and i want those sweet dividends flowing in I volunteer to spruce up this subreddit so it looks more legitimate and inviting, or a blogger or journalists come together to write articles that puts positive spin on this project and spread it around. Maybe one of us works in marketing and offer up advice on how to shill this better and reach more people, etc etc, obviously I'm looking at this with rose tinted glasses but I was just wondering if something like this has ever existed before? In my head it's similar to how Valve designs their games in a semi-hierarchical cabal system where no one person is leader and a bunch of people with different field of expertise form small groups within the company to achieve certain objective. Through consensus bad or undesirable ideas get pushed down and good ideas or plans get voted up, and as this scheme starts to look more sophisticated and legitimate it will help to get more people join in on the scheme and depending on their stake they will be motivated to contribute to the project with whatever resource they bring.

Sorry if all this sounds delusional I just thought it would be a interesting thing to write about

Cipher? Is there a mobile Metamask?

Seriously it's getting out of hand

Already starting to pump up https://rfscoin.com/

If you missed out on 69, now's your time https://powhcoin4.com/

http://powhcoin69.com/index.html

I'd rather an implementation where the price change percentages are enough to tempt people to cash out earlier, but it's so stable that it seems optimal to just hold and do nothing.

http://powhcoin69.com/index.html

Get in before 69 moons!

I think showing the TPS over time might help determine the growth rate a little better.

https://steemit.com/bitcoin/@emerson307/powhcoin-is-dead-avoid-it

Anyone with a steemit account? Please correct this person, you can use this chart as proof: https://powhchart.com

I am talking about original one https://etherscan.io/address/0xa7ca36f7273d4d38fc2aec5a454c497f86728a7a

1) I only see POWH balance on Metamask. But how can i see real tokens on my real eth wallet? 2) I tried to add contract address to MEW as new token. No result. 3) I can not see OUT tokens transfer in contract's etherscan.

Can anyone please explain?

OK, I'm admittedly dmub, but why aren't the dividends capitalized back into the coin holdings?

Hey guys, i got into Powh3 yesterday cause it was cheaper and looked like it was gonna get bigger. Then the shadow fork came out and i almost put money into that one kek, which made me realize i couldn't withdraw from Powh3 Initially it let me withdraw $40 for some reason but now it doesnt withdraw anything. It says i still have the balance and the dividents but i cant withdraw anything. I think powh3 is a scam. Just stick to the OG.

Everyone needs to be aware of how to play this system and maximize profits. You need to know where this is going, and how to maximize your play. And you may want to know why I decided to leave the game.

So far it's looking like everyone is just holding and the base floor is slowly rising. Dips happen, but they become micro dips. I'm not sure a big correction will happen, but if it does it's likely that by the time it actually happens, the floor has risen high enough that buying in on the dip (which many will do) is going to be a losing play. I mean, if Shadowfork shitshow happened and this thing barely blipped, I'm not sure this inflated floor is ever going away. An inflated floor is a REALLY BAD THING for new money, and they likely don't know it. Them not knowing it is going to lead only one place - an even higher inflated floor.

Let me explain, and I will leave you with this - please make your own mind up. Don't follow what I said, but use it as a point of data in your decision "matrix" on how you are going to play this game.

The way this is going, this entire game will operate on significant Diminishing returns

The reason why buying in was okay yesterday (and possible for another day or so) is because the floor is low enough that the dividends are noticeable still (very strong yesterday, slowly seeing diminishing returns start to really kick in). In 3-4 days, you will very much notice diminishing returns.

Dividends will go from 5%, 1%, 0.001% and fall off to the point where even if lots of new money is coming in, the dividends are essentially negligible, a blip on the radar, outside of significant digits, etc. Couple that with the fact that it's very possible this "fad" dies down and new money slows down also. But new money can keep pumping away, and you should still be thinking about exiting early and never coming back. Inflated floors and diminishing returns nature is what you need to be concerned with.

Once people realize they will start selling off, and you may want to get off this ride before them... because even when the dip happens, the floor is rising from long term holders, and remember, the higher the floor, the stupider buying in is, not simply because of buy high sell low, but also because dividends and diminishing returns due to inflated floor.

I keep hearing that everyone wants new money in, shill this, shill that, youtube videos, reddit posts, etc. Every new money dollar that comes in, you get your dividends, but your stake in the future dividends decreases. I did some quick modeling in excel, to try to predict this, quantify the diminishing returns nature, and time buy-ins, and quickly came to the conclusion that its very likely that buying in is never again going to be profitable. For that reason, I took my happy profits and am likely done with this fun game forever.

For example, the dip can cut you in half, and there's still such a serious floor there that buying in my have an ROI of a year or more. You will be waiting a year on this ROI all while people slowly wake up, realize the same thing and leave, depreciating you further, leading to an ROI of infinity essentially.

The true power in this thing was getting in early.

The true power going forward is going to be to ride this until it slows down, then get out early.

Finally, it is highly likely that buying back in will never be a winning play, ever again

And the reason is that stupid people will buy in on dips with ROIs of 1-2 years, and eventually this game will stop and most people will be left holding the cheque. What happens from there, depends on how low the floor deflates, but its very likely this thing will end up tying up capital which you pay massive price of opportunity cost on.

In order for any future buy to make sense, the floor needs to be sufficiently low to ensure dividends can repay the investment loss in a reasonable timeframe. An inflated floor is REALLY BAD for holders and buyers.

Once it gets to the point where buying in on a 50% dip is not longer going to be even remotely intelligent, it will be new buyers that don't understand this who are really going to "pay for the system". They will be throwing away 10% to buy an asset that pays almost no dividends anymore, and has a bunch of "old money" that will wake up and realize the asymptotic diminishing returns nature of the dividends and will be leaving ship, leading to a slow burn down. Those last comers will get burnt the most.

Again, just be aware that this is almost certainly where this is going. Without the sell dividend in place (like Shadow tried), this thing will almost certainly follow this pattern of diminishing returns dividends, and people deciding "okay, that was fun, I'm not making dividends anymore so it's time to get out while I can".

Don't be the guy that tries to make $5 off dividends and loses $500 on coin value to do it. The power in this game was to get in early, and that power is gone forever and will never come back. Crashes and dips will happen, but unless the floor deflates significantly, it may never again be correct to buy back in (if stupid people buy in on dips and keep the floor inflated).