If You’ve Been Scammed Out of Cryptocurrency It’s Probably Your Fault

Scammers are a dastardly, low down bunch. Preying on the gullible, extorting the vulnerable, and hoodwinking the hoodwinkable with their promise of free bitcoin if you send a little first and daily interest on your Bitconnect loan. It’s an indisputable fact that if the cryptocurrency space were cleansed of scammers, the web would be a […]

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Ethereum Now Has Its Own Self-Sustaining Pyramid Scheme

TheMerkle Ethereum Pyramid Scheme PoWHCoinIn the world of cryptocurrencies, there are plenty of scams, pyramid schemes, and Ponzis to be aware of. Unsurprisingly, there are also honest pyramid schemes which make no bones about what they are doing exactly. The PoWHCoin project, for example, positions itself as the world’s first autonomous and self-sustaining pyramid scheme. It’s an interesting idea and one that is seemingly receiving a lot of funding as well. Using Ethereum for Another Pyramid Scheme The concept of Ethereum smart contracts is a very interesting one. This technology allows for automating various aspects of finance and running companies. It is unsurprising that someone wants

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