My scammer radar went over nine thousand after just this xD xD

Don't dare saying that! Some noobs will instantly come out of walls saying you are an ego inflated jerk accusing people with no proof, splitting hairs into four and analyzing every single word of your posts to try to show you why it's not evident and bla bla bla.

Or maybe they understood better than you expected. That's why

Get lost retarded scammer, your problem is the opposite: that somebody can do the math.


Yep, you forgot to add the "for me" part.

I will gladly Krypto but they keep attacking me directly. Hope I cleared my position once and for all, even wrote to Jomay in pm (the only one which is at least reading) to continue there if there is the need and not in the main thread.

And before I forget: the "anti pump & dump" part is also false. You can pump and dump just fine at exchanges, you will just pump the price over ger and then dump back at ger, just not to zero.
As a side note

Also edited my previous reply, removing the last line where I stated new investors selling back before the others will get 375 or 500 btc: it was wrong, I was thinking about 400 mil std instead of 200 mil. They'll always get 250 btc back unless some more new investors come buying again dumped STD (dumped by miners and/or ipoers thus rising GER).
Main argument still valid, but for the sake of precision.

Ok Jomay, as usual, yes you are right on the sophistic detail that the wording is right: "there will be enough btc to buy back at ger". In fact in my example, in the "new investors sell last" scenario, they own 200 mil STD at 125 satoshi ger and they'll sell back for 250 btc.

Main problem is, like you yourself are agreeing upon, they invested 400 so they are losing money. Or someone else will be in their stead if you swap last sellers around.

So, the fact is that the very reason to create a coin like this and wording the announcement like that is to suggest to investors they will at least be able to recover initial investment. Everything is arranged for that. Newbies and naives trap.

You are insisting over and over on language details, maybe for the sake of not losing the flame when you understood exactly what I meant and the scheme is evident. This coupled with the fact he'll be holding investors btc in his hands (while stating otherwise, now that I notice:

"Nobody is depositing anything. The exchange works like this:
If you are a buyer, you only need to enter your STD address to the exchange, a BTC address associated with that STD address is generated. You send BTC to that address and a calculated amount of STD will be sent to your STD address automatically.
And if you are a seller, you will have to enter your BTC address to the exchange, a STD address associated with that BTC address is generated. You send STD to that address and you will receive BTC to your BTC address at the GER.")

 is more than enough for the big fat warning.

As you can see I'm not dragging arguments on emotional waves. Hope I've made it clear once and for all now.

But no one guarantees you won't lose with legit cryptos (repeating myself ^^''').

THUS people get less btc back, THUS someone is losing money. GENIUS.

K Jomay, yes Jomay.

You were very objective and I answered you very objectively too, agreeing to your points when they were right, but explaining to you they were details not modifying the main problem.

And it's true there won't be enough btc to buy back at ger all std because:

100 btc ipo thus ger= 100/400mil=25 sat. New investors come and buy 200 more millions at ssp=4*100/200mil = 400 btc. Amc is now 500 btc and ger = 500/400mil= 125 sat. Miners mine 100 mil and get 125 btc. Dev down to 375 btc. Ipo investors sell back 100 mil for another 125, dev down to 250. New investors want to sell back but OH only 250 btc left, they lost 150.

And so on, swap last sellers as you please and someone will lose money (dev will probably run with all 500 but ok, that's an assumption).

Now back to school and to your trollbox.

K. No, you are wrong, it shares more than enough features if you spend few moments reasoning: if I steal your money promising you won't lose it and giving something to you in return promising it's value will only increase and I'll always be able to buy back any amount of it at the increased value, it's exactly the same as promising sure returns. Do what you said and quit this forum if you can't figure our even that, for your sake man, you'll be easily scammed over and over.

But oooook, free to disagree and ignore my ratings.


P.s.: Sure, if dev scams you it will be my fault. Nay: actually I am the dev (and your father too, Luke). I did all of this and then try to scare investors away so that I can have an excuse to run with the money. Reverse of reverse of reverse psychology and such.
Pure genius, isn't it ?

(delirious! ahhaah xD)

K.

Short answer (for the long one, read my previous replies): he's not paying you returns directly now, he'll be using new investors' money to pay returns to whoever sells back first once value rises (if he does not run away with the money immediately ofc, which I doubt he'll do anyway, as already explained). There won't be enough btc to buy back all std at ger like he states (lie, to answer SweetLou). He'll need a constant flow of new investments to do that. So yes it IS a ponzi. Ofc he tried to mud things a bit (and it was effective it seems, on some of you). Ever increasing investment or not is a detail (depends on how rapidly people will be selling back).

Heck you don't even need to do the math, just use some logic: if you took X amount of btc during a period of time (this includes old and new investors. Just all the btc coming in, any source) and gave something in return (STD in this case), how can you pay back MORE btc when what you gave increased its value (since it CANNOT DROP by design) and people sell back all of it?

Yes you can buy/sell at an exchange but there the price can drop: you'll be using a coin conceived as a scam as a normal coin (will be just another clone scrypt with nothing else). You will be just circumventing his scam (as long as the price is higher than ger there), not canceling out the scam attempt.

He could have ran away already but that is not necessary to be a scammer, what he did is enough. Running away would be aggravating (I already said this in anothre reply too). Actually is counterproductive to run away from the start with this kind of scheme. He can wait and see if investors will send him more btc, maybe pay back some to keep the thing going and running away when he has enough (again, this is not necessary for the tag, running the ponzi itself is).

Anyway I already said all these things in other replies. It's not that I'm not reasonable, I just got tired of repeating over and over.

Now this is weird, I though it was me who can't understand the system and the only one "crying" there, ranting and whatnot, while everybody else can see the light and the legitness of this coin.
Weird weird werd! I'm so totally surprised.

Talking to yourself? All you did was attacking me on details over and over without denting the main point one bit. Was thinking you were genuine (maybe a bit of a detail obsessed nerd) at some point but you are turning out to be just another one of these trolls.

That's fine though, one less person to care replying to in the future.

Side note: it's not one person "destroying trust". Some 4 - 5 users dismissed this as a scam, including Tomatocage who is pretty experienced around there, more than me, and some other sr./hero members.
If someone has to stop and reflect that's maybe you.
You'll grow some experience eventually, don't worry. "That's how we learn!" cit.

P.s.: @Tekkerr, quitting may be wise, since you'll end up scammed here most likely anyway

Sent in some friends. Hope they are still in time Talking about it in italian skype chat too.

P.s.: received the second round, thx.

I assure you I've seen 58k on cryptsy too for a brief moment.

Ofc I can be wrong, been watching graphs all day xD

Actually, I was watching cryptsy and the same happened, slightly off timewise.

Seems like the usual whale dump to cause a panic selling then immediately grabbing the cheap coins.

No I'm more than done with this. It's all written (over and over and over) in my many replies already. If you don't want to read I cba answering you either. If you read and still can't figure out, fine, just ignore my comments and my ratings.

I'm a well established trader, I held (a lot of) people's money over hundreds of transactions, escrowed some more, and the like. Shown some good experience and insight to mods. For nearly a year. No you don't just come here and do a couple of trades for $10 and become trusted, neither you bribe mods for it.

As I said before: the system is far from perfect but not total shit like you want to believe cause it's not swinging your way this time.

Best of luck on the forum (you'll need with this level of naivety of yours).