Currently averaging ~200% PA, and that's without the missing dividends, so not too shabby really!

Yeah, I emailed him about this and got the following reply:


Sure, you can speculate that he is lying, but you can't prove it either, so I'm taking it at face value.

Yeah, fair call I guess.  Perhaps we should wait until the project matures a bit before expanding to Havelock.  However, I'd still like to see some alternative contingency plan to just liquidating everything and distributing the funds.  I don't want to loose the very healthy returns from this project!!

Are there any other stock trading platforms out there other than CS or HI?

Hi Tom & Jeff,

Regarding the contingency plans in the event of a CryptoStocks implosion.  It is reassuring to know that you guys have thought about these kinds of scenarios and even more reassuring that you have a plan in place (& have disclosed it).  However, I would like to propose an idea for an alternative plan.

Basically, all your share holders (myself included) obviously believe in CoinReturn and see it as a great investment.  Therefore we have committed our money to the company and would ideally like the excellent returns to continue as long as possible.

Therefore, I propose that, in the event of catastrophic issues with CS, instead of shutting down CoinReturn, we simply move operations to another platform (such as Havelock Investments).  In fact, I would go one step further and propose that we proactively move to Havelock, regardless of the situation at CS, as from what I can see, the Havelock platform is superior to CS in terms of functionality & stability, & is less related to other failed / failing enterprises run by operators of unconfirmed integrity.

What does everyone think of that idea?

Sam.

Again, where's the hard proof that this is a scam?

I support the idea of disabling the IPO flag & leaving the 900 remaining shares at 0.01 - perhaps at the end of the week?

I also agree on the BTC price stability; it was CRAZY stable!!  It was like everyone was holding their breath, waiting for... something... I've no idea what!

LOL, all that (non) porn must be making you blind too , see highlighted text above

Edit: And you may well be correct, but I'm irrevocably committed now, so I guess all I can do is hold on for the ride

Sure; my personal opinion, based on the research I've done and all the information I have to hand, is that there is a 75% chance that this is legit, and that's me being cautious.

I'm not defending anyone, I'm merely pointing out that we have no hard evidence of anything; be it a scam or a legitimate enterprise.

Correct, this is still going through the legal system.  When all is done and dusted, THEN we will know if he is a scammer or not.

I'm not familiar with TradeFortress, so can't comment on that one.

There is no dispute that he is the registered owner, what we can't confirm is whether his reasons for delaying the launch are legitimate or not.  But that's all we have; unsubstantiated suspicions.  There is no hard proof of anything.

While there has certainly been some interesting information uncovered, there is not a single smoking gun amongst them.  All we have is a bunch of facts which possibly relate to CoinPal's legitimacy in some way, but which, at the moment, can't be used to draw any kind of concrete conclusion with IMO.

We don't know exactly why yet, but I expect the next announcement will clear that up.  However, CryptX did say that the move opened up some new opportunities, so I it sounds like good news to me!

Sounds like one way or another the money came from the reserves sitting waiting to be invested in more hash power.

Correct, they have bought back ~14000 shares, however there has been no decrease in total hash rate, thus increasing the current hash rate per remaining share. 

Not sure where you're seeing a deception here TBH...

Heh, yup, that was one of my lessons actually!

Absolutely!  Whether this all turns to crap or not, the day all the scam accusations started I immediately realised that I had failed on many points of the due diligence that I should have undertaken.  I immediately started writing them all down and the result was a very good lesson in investing!  At the time I actually came to the conclusion that the 1BTC 'fee' that I had paid for my lesson was money well spent!

I have since developed a very robust investment evaluation strategy and have applied it liberally to all subsequent investments.

We can't say for sure whether his failure to provide details was because he didn't think it was important or because he's a poor communicator, and there's no real way to prove this either way unfortunately.

I'll be honest with you, I invested in CoinPal without knowing all the pertinent facts beforehand.  It was one of my first BTC investments and I didn't really know what I was doing   Plus I was too eager to invest the excess BTC I had which I didn't want to sell at the time due to the price dropping.  Knowing what I know now, would I have invested?  Probably not, at least not until the exchange went live and I could see how it was all setup.  This has been a steep learning curve for me, but despite all the drama, I am currently pretty comfortable with my investment, and mildly optimistic that I'll see at least some return from it.  Again, time will tell

I believe that he has some good ideas for the exchange and there are some very interesting aspects to it that appeal to me.

My comments inline:

What evidence do you have to support your lack of competency theory?  Don't confuse lack of competency to normal project delays, virtually ALL projects have delays and unforeseen issues which can sometimes be difficult to work around.

Agreed on the anonymous comment, but again, poor people skills might explain that.  In any case, he is no longer anonymous so we'll never know if he was intending to reveal his identity in time or not.

Well, this is the debate isn't it, and has been from about page 2.  Personally, I see a typical skilled person who is not good with people (as is the case with many, many skilled people that I have known over the years).  To me Ryan G is not acting like a typical scammer.  Does he have atrocious communication?  Without a doubt.  Does this alone prove that he is a scammer?  Of course not.

At the end of the day, as far as I can see, his lack of communication is the ONLY 'evidence' we have against him.