Is this the best thing to happen on Veeky Forums so far this year?

>loool made bank in a few mins brooooo
no you didn't LMAO i barely got .1 eth in dividends this past hour and I have like 300 coins

What happened in the discord?

Can confirm, sweet coin only lost $250.

nice try fud boy

ay, i guess x5 is fine

Yep. No need to keep risking it. We already made a lot.
I actually realized that this wouldn't last that long (although still longer the the last two) just from reading how the contract worked back then, while still in development. Didn't say anything because it would cause FUD and we were still gonna make profits anyway.

It hasn't let me cash out for like 5 hours. Anyone else? No transactions with MetaMask are working for me right now.

ha fuck the only time I am not sitting at my computer browsing biz all day this shit happens, I will never reach the moon :/

I have been in and out a couple of times - all transactions rapid and flawless.

If people behave like expected there is no reason for It to die. Why do you think that?

Think there might be something wrong? What should I do?

I cashed out last night completely fine - I think MetaMask isn't working for me at all now for some reason.

not too late, we're on a dip right now. the dividends will be tasty when buys come back in

just sold for ven, Coca Cola kid tweeted me saying big news comin

I found there wasn't enough fluctuation in FoWH#1 to make a lot of dividends. I actually made a higher proportion of dividends in FoWH#3, and with a smaller investment.

At this point, my dividends generated (cashed out from #3, still sitting in #1), roughly equal my original investment in PoWH#1 (though that value is still up about 50% from my buy in)

At this point, I am contemplating just leaving it, and riding it all the way down. *IF* this ever resuscitates, I'd be in a sweet position, and it's kind of like free money - though in hindsight, it would have been fun to sell at the peak too!

Thoughts?

That's actually a misconception. You see, everyone always went on about how dividends made it safer to invest, and that how the price going down with the balance made it self-sustainable.
But the truth is a little different. You see, the amount that people supposedly have available for cashing out, and the actual balance in the contract just keep going further always from each other, with the balance in the contract having less and less percentage of the amount people would need to cash out.
This is process accelerated by the fact that dividends do not go down when the total balance does. Meaning that each time there is a crash and people buy back in, more money is created out of thin air for holders, money that is not reflected in the contract balance. Now tell me: what happens when the firstcomers start cashing out and crash the price with their huge profit in mind, after the price inevitably stagnates? That's right, it's not enough for everyone to get out. When it goes to low, people start panic shilling for it to go back up to be able to sell. That means that, even if a next pump run happens after a dump, it will have more bagholding sellers than before, thus the new top will be lower. Things only get worse with time. This is a true pyramid scheme, from top to bottom.
That's why people who get early and sell close to the first top always win. And people who hold for too long lose almost everything.

plz buy i want dividends

I'm actually going with the creator's idea and just holding. It's enough for me. Though it does have very predictable and volatile swings

set gas to 150000 and make sure you have a small balance to cover the cost in your metamask

Alright, user...

ethernumbers.co/index2.html

get in now, the flippening is happening

Suit yourselves, I don't mind since I already got out and ain't getting back in anyways, so it doesn't affect me. But I did my best to explain to you guys with why this probably isn't a good idea.
Good luck anyways.

So, basically, you can't do math?

I did this, been a couple of minutes and still nothing happened. Anything else I can do?

?
I just did.

you sell for 10% less and those 10% get divided among holders, what dont you understand?

That would be possible if the "buy" and "sell" price equaled out. But the difference between them is arbitrary, and equivalent to the dividend distribution.
Of course I'm talking out of my ass. I didn't look into the contract, I don't even know how to.

no... it gets divided to holders when you buy, not when you sell.

it probably went through. if you want it to go faster set the GWEI higher.

That's not how the contract works.
This

I send one with a high GWEI earlier, like 50. Didn't go through. Something is fucked with my MetaMask, any thoughts on what it could be?

The difference makes it run longer, but doesn't cancel the problem out. I may try to run an example and post here to show the phenomenon I am talking about.

Why in the FUCK would you not sell your profits from this and put it into NUMB while it's so cheap?

don't spam send
check your address first, it shows up first in your address and then in the tx hash id
oherwise just use ethgasstation.info/
with no gas at all it may take about 10-15 minutes

lol, Yes, thats what im saying, you buy you lose 10% which goes to the holders

POWH TO NUMB FLIPPENING INCOMING
GET IN IF YOU LIKE MONEY

Showing a few purchases, and some signs of life?

lol at the people still going at this i bought after it was up 2 hours and sold 16 hours later for 500% profit, this shit going down now and prob will to way below 100k before going back up but never so fast again the fun is over and you all gonna lose or wait weeks to break even with dividents. ethernumbers. co/ is a much safer way to go now. I just put a puny 0.3eth at 10k and already trippled it

just a heads up for other anons to understand,
POWH went to 1200 ETH yesterday
GET IN HERE WHILE EARLY

that isn't what you said. it might be what you're "saying" but what you said is the opposite.

Alright I shouldn't have spammed, I spammed a few hours ago and maybe that is why it doesn't work.

Is my address the etherscan.io page that shows all my transactions? You are saying I should look for it there? Thanks for the help, super new to crypto and never had this happen to me before, clearly.

When you buy you receive tokens worth 90% of the Eth you put in, the other 10% is distributed as dividends. When you sell you lower the Eth value of remaining tokens. The contract will always have enough Eth to pay all dividends and enough Eth for everyone holding tokens to sell (at a price that's dropping as tokens are sold.)

...

Lol this shit is dead niggers.
Money moving to numb now just watch the flippening.

thanks for the lesson in something i already completely understood.

But when people sell and the balance decreases, the dividend everyone has stays the same. Now, I know what you are thinking:
>But if the dividends are from those 10% of the buy, and the person sells for 10% less, then it cancels out, right?
That is not true, because the price fluctuates. Those 10% less they sell for at the end is a different absolute value than what it was when he bought in.

ethernumbers.co/index2.html
NUMB down to 20eth in contract... GET IN NOW!

>numb already back down to 0.002
no fucking thanks, at least we have volume here

No, I get it, I think. But the problem seems mostly psychological and nota mathematical. When it gets to the point you're thinking, that's when shit will become interesting. It's like an extension of something that should have ended already. It will be a cycle of pyramids, the difference being, the "early adopters" will be mover by desperation, not greed... unless you have strong hands.

yeah but the dividends also arent absolute lol

10 ETH INNNNNN

yes look at your address frist
and it will show up pointing to the contract address

>super new to crypto and never had this happen to me before
just be sure to buy when everyone is crying the hardest, buy low HODL and sell high, that's all you need to know

Once it's its received by the user, it stays absolute. It's the only thing that stops fluctuating at some point. That's the whole problem.

lol easily switches between 15 and 40 the whole time numb is way profitable dividents keep coming and coming from all the sells and buy backs

This is my address, I haven't had anything new in a while of trying over 50 transaction

etherscan.io/address/0x12f7789f97c342c4a3c36c8694363ac4194f7a32

exactly, you don't need to be a whale to enter
ethernumbers.co/index2.html

Veeky Forums has turned blockchain into a complete joke.
Do you guys even realize how harmful it is for your real investments?

transactions* not pajeet

Also how long should I wait? Is there any other way to cash out of the ponzi?

wtf are you talking about, are you sure you arent just fudding for no reason and wasting my time?

blasphemy. Only the original PoWH

20 ETH PRICE
GO GO GO GO
100 ETH AT 5PM

Powhcoin.com is the real ponzi. Ignore all the copycats

No, I get it. I think you've made a misunderstanding. The dividends are paid in actual Ethereum, not the POWH token.

It's a dead cat flop.

What is the current price?

0.140533 ETH
dirt cheap it will go up to ~1m in a few hours.. then you sell and keep the cycle flowing

This "coin" consists of a handful of early adopters profiting off of a revolving cast of smalltime latecomers.

NO SHIT

10.5 eth just in oh we booming now boiz

10.5 eth was my grandma you are welcome

be one of the early adopters. it's not too late

thanks for the pump granny!

Can someone post a link to the contract address thanks

May go past. Lots sat on the sidelines and watched last night, thinking it had a trap door. This evening/tonight, those same people are going to want a piece of the pie...

With any luck though, the price will be a bit more volatile than it was today, with people not so certain the price will hold as they seemed earlier today.

When PoWH one starts to climb past 600ish? You'll also see PoWH3 come back as FOMO takes over too. Don't go too heavy there, and expect even more volatility in that one.

its already at $600k

The contract is easily readable you fucktards. There’s no trap door.
Step 1 buy it
Step 2 Hodl it
Step 3 Shill it
Step 4 get rich

1. Spam youtube popular channel comments about it

2. Spam reddit and post reddit links here to be upvoted

3. ??????????

4. Profit

>Powhcoin.com
zut, i missed to get in xD. now it's too late.
PoWH guys well memed and well played.

maybe i'll join the train with ponzicoin 4.0 ;-)

We need to shil this on black twitter asap

>We need to shil this on black twitter asap
fuck i mean the original powh not this, wrong threa

Get in pussy and make money.
PoWH: powhcoin.com/
NUMB (PoWH clone): ethernumbers.co/

This thread IS the original POWH thread

How often does the price update? It's not updating every time someone does a transaction or am I just a brainlet

Can you post the contract address for me?

etherscan.io/address/0xa7ca36f7273d4d38fc2aec5a454c497f86728a7a

Nah, shill, I already sold at 650. It's 500 now.

etherscan.io/address/0xa7ca36f7273d4d38fc2aec5a454c497f86728a7a

Let's go to the fucking moon boys, I'm getting some traction in the crypto forums I'm involved with. Every transaction is one step closer to a lambo!! #cryptolife #hustle #tothemoon

I missed this Sunday night like a fucking idiot. It's too late now though guys, they are only still shilling it so you'll buy their bags. get into this new one to get a better rate of divs: powhclone. com/index2.html

powhclone.com/index2.html
powhclone.com/index2.html
powhclone.com/index2.html

get in on the ground floor here, it's just a clone but there's only 20 ETH in there right now

I refreshed it and it went up a bit.

A good bit of withdrawal action, but it seems to be heading up in spite of it.

I'll be leaving my coins in for a while too.

I also second the notion to focus on this relatively tried and tested versus new ones. If there's too much, then it'll dilute available Ether and if the market cap stays too low, it'll keep people from seeing them moon shots and FOMOing.

Btw, anybody know if that 100 ETH whale ever withdrew? Keeping that alone in with other is probably enough to keep this alive for a while.