..........
I buy apples.
First apple costs me 1$.
Second apple 2$.
3rd 3$.
And so on.
Last apple 10$.
Now I sell all apples back at 10$. Will I be getting more or less $ back?
And if I get more (obvious) who is paying for those extra $?
No need for formulas either, really. It's that simple....
Yes, no need for formulas, you probably don't understand them.
It's obvious you did not read through the mechanics at all, and you don't even care how it works. You could criticize obviously flawed/dangerous aspects, e.g. the centralized nature. Instead you go on rambling about sth. you don't understand.
Again, you CANNOT buy STD's at the GER - that's only possible on the secondary market if at all.
Your apples example would look more like that:
buy apples at 1$, 2$, ..., 10$ and then sell for 1.5$. Are you going to make a profit?
Think about this: a similar effect happens when you buy stocks. By buying stocks you push up the price. By your argument if you buy a lot, push up the price a lot and then sell you automatically make a profit. Believe me, this is not the case. I work in this field.
So you are saying the system calculate the new GER when executing your order, then gives you BTC/newGER in STD? In this case initial investors 100mil will be worth 2x after that (30 btc total in my example). If they now sell back, new investors are the bag holders ^^'
Last seller will be holding the bag either way you do the calculation, cause it's a Ponzi ^^'
That is closer to the true nature of the system, although you don't buy at GER, neither at oldGER nor at newGER. You buy at 2*newGER up to 10*newGER.
Your argument about bagholders actually holds for every crypto-currency. The last BTC buyer holds the bag. (if the dev is trustworthy and no hacks happen) this bag in theory has some value in terms of BTC for STD's, but that value can also be pretty small.
No, cause legit cryptos price
can drop. That's the fundamental difference as already stated. You can buy at whatever price with whatever formula: if the price go only up you will need more and more btc to buy back so someboby will lose money in the end, while OP is trying to suggest NOBODY CAN LOSE. That's a ponzi scheme, by definition (go read it on wiki).
With normal cryptos you KNOW you can lose money cause price can go down.
No amount of out of your ass formulas can change base logic sorry (not working on me anyway).
Another op paid sockpuppet in disguise. I hope you are, or go study more, you really really need.
Tired. Now bye.
[EDIT] by the way you were right on one point, too bad this favors my thesis even more.
From website
"Current AMC is 40 BTC. Total stored STD for new investors is: 200,000,000 (50% coins of network). Investor 2 invests 40 BTC.
AMC is now increased to 80 BTC.
Investor 2 will receive: (40/AMC * stored STD) = 40/80 * 200,000,000 = 100,000,000 STD
The new GER is: GER = AMC/MMS = 80/400,000,000 = 0.000000020 BTC (~ 20 satoshi)." (<-- there is 1 more zero than necessary, but it's a website typo)
So investor 2 just bought 100 mil STD for 40 btc and now the GER is 20 satoshi, so he can sell them back for 100mil*20satoshi=20 btc and the value will stay like that if no new investors come, so investor 2 just INSTANTLY LOST 20 BTC (went to initial investors, practically).
Initial investors are also losing money: they get 100mil STD paying 40 btc (again, from website example) but the GER will be 10 satoshi, so their 100 mil will be worth only 10 btc if no new investor come.
So I was partially wrong: THE SCAM IS EVEN MORE EVIDENT than I initially thought. OP's not even trying to cover it up xD haahahaah dying laughing.
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