We all knew it would come to an end eventually. I don't think anyone realized it would be this abrupt though. Just like all Ponzi schemes, they must eventually come to an end.
Drugwars just announced that it will stop paying out steem in under 48 hours. Instead, they are going to start paying out in some sort of new token they have created which holds no value. This token is called a future token and they predict that it will have great value in the future.
This totally screws people that signed up yesterday and invested a ton of steem. Fortunately, I am not one of those people. I have personally not invested much and I have gotten back all that I have invested. Had I been one of those people, I would probably seek legal action.
All good scams must have an exit strategy. We have all been waiting for an exit strategy, but this is not the one that I expected. I don't think anyone expected this one. I expected it to be left the way it was and people's returns to slowly dwindle. This would leave no room for legal action. This exit strategy opens a huge can of worms. I see trouble in the future.
If you would like to join drug wars today please click my referral link below.
Hey big guy, didn't we have a conversation like this a month ago where you tried to convince me this wasn't a ponzi because everyone knew?
Frankly, I think this move actually holds real potential for the game. That all the so-called 'investors' will be mad is a completely different problem.
Yes. We did. I admit I was wrong. I thought they had complete transparency. I really didn't see this coming. Not only did they destroy their transparency, they also initiated an exit strategy. This last move just made it fit the definition of a Ponzi 100%. It was a Ponzi scheme with a game attached. They just decided to steal everyone's investment and run away with the money
I can see a situation where they only 'made mistakes' and not 'conciously robbed' everyone. But the 'investment' part of this game is, and has been, quite questionable. I do hope the game survives (and improves) because, like it or not, it is the top app on state of the dapps and in some ways represents steem for potentially large numbers of crypto-noobies.
Yeah. I hope it survives too. I really think they should cancel this move though. I'm pretty sure it is on top because of the payouts. Now that they are taking them away I think it will decline pretty rapidly
It just got worse. I made a new post about it. Hopefully they won't flag it into Oblivion.
https://steemit.com/drugwars/@big.ock/drugwars-centralization-and-censorship
!bookkeeping drugwars
Hi @big.ock!
drugwars
Received:
Spent:
Total:
First transfer was before 34.57 days.
Your ROI per day is 3.50 % and you are earning approx. 0.06 STEEM per day.
ROI when taking only the last 5 days into account
Your ROI per day is 8.64 % and you are earning approx. 0.14 STEEM per day.
!bookkeeping drugwars
Hi @stevekewe!
drugwars
Received:
Spent:
Total:
First transfer was before 10.60 days.
Nice... glad I didn't spend more
Yes I was a click away from spending, but in the last moment I prevented myself from wasting money. Fortunately...
Posted using Partiko Android
!bookkeeping drugwars
Hi @niel96!
drugwars
Received:
Spent:
Total:
First transfer was before 52.97 days.
Your ROI per day is 0.97 % and you are earning approx. 4.23 STEEM per day.
Break even in approx. 50.5 days.
ROI when taking only the last 5 days into account
Your ROI per day is 0.21 % and you are earning approx. 0.93 STEEM per day.
Break even in approx. 229.1 days.
!bookkeeping drugwars steemmonsters
!bookkeeping drugwars
Hi @sebbbl!
drugwars
Received:
Spent:
Total:
First transfer was before 28.96 days.
Your ROI per day is 4.47 % and you are earning approx. 1.14 STEEM per day.
ROI when taking only the last 5 days into account
Your ROI per day is 2.33 % and you are earning approx. 0.60 STEEM per day.
!bookkeeping drugwars
Hi @sciack!
drugwars
Received:
Spent:
Total:
First transfer was before 38.09 days.
Your ROI per day is 3.81 % and you are earning approx. 3.11 STEEM per day.
ROI when taking only the last 5 days into account
Your ROI per day is 0.92 % and you are earning approx. 0.75 STEEM per day.
!bookkeeping drugwars
Hi @atomcollector!
drugwars
Received:
Spent:
Total:
First transfer was before 32.11 days.
Your ROI per day is 0.83 % and you are earning approx. 0.24 STEEM per day.
Break even in approx. 88.1 days.
ROI when taking only the last 5 days into account
Your ROI per day is 1.34 % and you are earning approx. 0.38 STEEM per day.
Break even in approx. 54.8 days.
You win some you lose some! Knew it was a risk but that thought it would last longer than this!!
!bookkeeping drugwars
Hi @theturtleproject!
drugwars
Received:
Spent:
Total:
First transfer was before 30.67 days.
Your ROI per day is 0.10 % and you are earning approx. 0.04 STEEM per day.
Break even in approx. 933.8 days.
ROI when taking only the last 5 days into account
Your ROI per day is 0.07 % and you are earning approx. 0.02 STEEM per day.
Break even in approx. 1373.8 days.
damn it :(
You can still play. I just would not invest. It's way too sketchy
i won't be investing anymore thats for sure , thanks for the post btw
Congratulations @big.ock!
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