Hmmm, why referral rewards down then? Any irc updates?

People loose confidence, then admin bumps up rewards and the price goes up again. Feel free to re-quote me in a few days! If this was a scam, admin has had multiple opportunities to cut and run. But no, he's still there, processing withdrawals, working on new servers, resolving tickets etc etc.

I still make my every second day withdrawals and still reinvest some. I sleep well at night.

Thanks, didn't realise it was so easy! Personally, I think they are mining. Sure, 850ghash is prolly bullshit but maybe they got half that.

All the ponzi talk is based on 850. So, what if they're lying and only have half that, still a (mainly) legit mining operation innit? Hey? I've said it before and I'll say it again, either stick some cash in there or shut the fuk up. Really, it's pretty simple. No proof it's a scam, no hard proof it's real.

To answer your question, ilic, take a look at the amount of coin mixing services being promoted by scryptards. First rule of cryptocurrency Ponzi, make sure everybody can see the 'massive' amounts of money some people appear to be moving into and out of the 'investment', you know, so they can 'rest assured' that it must be not only totally legit if some 'whales' are shifting such profit out of it, but also hugely profitable as long as the smaller 'investor' gets in quick and re-invests, re-invests, re-invests.



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You didnt address my points....

If Scrypt.cc is a ponzi, then for the ponzi to continue there needs to be more people depositing BTC than there are people withdrawing.  Correct?

What I am saying is that at any given time, there were approx 30-100BTC being pulled out daily.  So, in order for the 'ponzi' to continue, there would need to be the same or more being deposited every day?  You still with me here?

I find it highly doubtful that given the large amount of daily withdrawals, there were enough daily deposits to cover this.

I find it more likely, that scrypt.cc are in fact mining and although 850ghash has been proven to be not true, there is no reason why they could not be mining with say 100 or 200 or 300ghash correct?

Maybe, like thousands of businesses before them in both the real world and the world of crypto, they fudged the numbers a bit to sell more khashes that what they actually owned?

It wouldnt be the first time and it wont be the last time that someone tries to sell something they don't really have.

As I do not believe this is a ponzi, I am not going to waste my time looking through blockchain records to find out if the amount of withdraws exceeded the amount of deposits.

U get?

I had a thought about all these accusations of scrypt.cc being a ponzi - which for the record I do NOT believe it is.

So, lets rewind say 3 or 4 months ago, back when rewards were high and before the electricity thing.

The top 20 in rank, had anywhere between 5,000,000 and 30,000,000 khashes.  Lets just take an average of 10million for the Top 20 to make it easy.

Ballpark reward for 10,000,000 was around USD$500 per day or 2BTC per day approx.

Now, I'm quite confident that these Top 20 were NOT re-investing this as I did actually keep screenshots for a few days and watched it over the course of a couple of weeks.  I noticed their holdings increase slightly but not drastically.

This means that each of the Top 20 were pulling out an average of say 1.5BTC per day.  That's 30BTC per day.

So, all you ponzi screaming lunatics are telling me that there was daily fresh deposits of 30BTC per day to cover just the Top 20 withdraws?  Let alone the 10's or 100's of BTC withdrawn daily by the thousands of other investors?

So, how was scrypt.cc funding all these daily deposits, if they're not mining like all you ponzi freaks are claiming?

My theory is that they are actually mining, maybe the 850ghash was inflated so they could sell more khashes, who the hell knows but they gotta be earning BTC in some way otherwise they'd have shut up shop a year ago.

Anyway, if someone can be bothered to lookup all the blockchain transactions to see daily deposits vs daily withdraws i'd be interested to see.  Correct me if i'm wrong, but a ponzi is not sustainable if daily withdraws exceed daily deposits.

Chat box down again?

withdrawals are about 12 hours at the moment (last 3 have been about this time).

deposits are about 5 minutes....i haven't deposited since before the hacks and did one just now.

You're a tool.

Just watch the doco and stfu.

Funny you say that...you know all the money in our banks is all just numbers on a screen too.  The actual cash simply does not exist.  If everyone in the US went to the back tomorrow and asked for just 3% of their money, the banking system would crumble.

Thanks to "Bitcoin: The End Of Money As We Know It" for that tidbit of info, it's a newly released award winning doco that I watched today.  Very interesting - http://theendofmoneyasweknowit.com/ (best 0.02BTC i ever spent...except for the funds I've put into scrypt.cc of course!)

I guess the whole financial system is a scam too Cryptodevil, why aren't you out warning everyone to stick their money under their matress so the scamming Government doesn't take it?

can i ask what your calculations were?  Im interested too as to whats going on, if 5 days isnt long enough to recoup their losses it would explain why we have heard nothing for a week now.

nope, I just don't give a shit anymore what you ponzitards have to say!

Nothing wrong with calling cryptodevil a moron and idiot, i've said much worse in fact!  I refer to the part about his post being 'well written' and his 'eloquent discourse', i think attacking someone for the lack of ability to speak a foreign language is a little harsh.

Attack people all you want for investing in scyrpt.cc however, that I have no problem with!

A little bit harsh don't you think considering alexislovemelo14 is clearly not a native english speaker??

obviously admin/marcelo is still running things in the background otherwise the withdrawals wouldnt be working (i've made 2 withdrawals in the last week which have come through within 12 hours or so).  Also referral payments started up again over the last few days since admin posted last so they are doing something in the background.

I'm guessing new servers etc aren't doing what they're supposed to and although I do think its unfair we are paying for their hacked bitcoins, i'm sure admin isnt in a super duper hurry to get rewards back to 100% again coz that's a shitload of coin they are making.

An update would be nice about now though....hopefully full rewards will come back online very soon.

khash price plumetting at the moment, down to 260sat.

not sure why people are dumping, i just bought another 20,000 or so at around 280 average.

once rewards get increased again which they will (just like always) the price will go back up to 500-1000 range again.

crazyness.

hey i just noticed referral rewards are back again.  did that just start up in last 12 hours or so?

As a long time investor I am getting a bit annoyed at the lack of updates as to why rewards are still so low.

Still no referral payments either

oh ye of little faith.  If Marcelo has shown us anything over the past 18 months it's that he always comes back true to his word.

dump your khashes if you want.

so the email server still not working then to lock down btc withdraw address etc?

there was an update from admin that the referral payments will begin again soon ie today or tomorrow.

80% cut on reward rate is only expected to last another 5-7 days before going back to normal.

I'll pretend there's no sarcasm in your post....

Well deposits are not working and admin has clearly stated this several times not to make deposits.  If this was a Ponzi about to make a run for it, why on earth would they say NO DEPOSITS PLEASE!!

Tell me the sense in that?  Cryptodevil, it's not often I actually want your opinion on something but i'd love to hear your explanation about that, why did admin specifically tell people to stop depositing when it is just essentially free money for scrypt.cc?

As for the ROI in 60 days, yes thank you, I've already made my ROI in around 60 days as i've been with scrypt.cc for a while before the whole electricity contract issue when ROI was between 57-60 days.