P3D keeps climbing while BTC goes down

ETH balance on the smart contract over the last 4 weeks

If you don't know POWH3D (proof of weak hands) yet, don't feel bad, most people still don't. The token (P3D) is not on coinmarketcap and none of the biggest youtube channels have talked about it. This project screams SCAM! when you first look at it, so the biggest influencers in the cryptocurrency space have been avoiding the topic or reacting negatively. The first two versions failed miserably (hacked) and to make things worse, many of the people that hyped BITCONNECT have been hyping P3D as well (in order to get referrals through their "masternode"); although they have nothing to do with the project.

However, POWH3D is really getting some traction. As of today, it's the number one Dapp on the Ethereum network and as you can see from the chart, the smart contract balance is about to reach 20K ETH. So far the smart contract hasn't been hacked, although there's a lot of incentive for that (7.4 million dollars at this moment), which is a good sign in my opinion. The community on Discord is pretty strong and it feels like this is just the beginning. Only time will tell what will become of this project, but I'm wondering what effect it might have on the price of ethereum, and whether the code truly is as sound as people claim it to be on the forums. One thing is certain though: no hands have been tested yet, and only the strong hands will eventually win.

I think there is a lot of potential for applications like this... think about a savings account based on a smart contract and paired with stable USDT (or equivalent) tokens instead of ETH. Or how about blockchain based "bonds" that provide dividends in perpetuity? It's funny to think that a "get rich scheme" like this might actually help the space, especially the Ethereum network, as a catalyst for real-life use cases of blockchain tech.

If you want to know how it all works, here's a pretty decent review: https://steemit.com/cryptocurrency/@pr3datr0n/dapp-review-powh3d
They say third time's a charm, so I guess we'll know soon enough.

If you have insights, please comment below. Reviews are still lacking on this subject, especially about the code.