Being unprofitable does not make something a scam. It is up to investors to do their due diligence when choosing to invest, and, in my opinion, OG is relatively transparent on what is being offered. As far as I am aware, NastyFans primarily source of "donations" is the mining operations. It should be obvious to anyone that if you invest in mining hardware using Bitcoin, your investment will depreciate if Bitcoin's price increases, as your BTC is essentially being converted to USD at the point mining hardware is initially purchased. BTC's price has skyrocketed in the past few months, of course shares will perform poorly when denominated in BTC because of this. However, I didn't see anyone complaining when seat prices increased by 3 times in 2015, thanks to Bitcoin's depreciation. In addition to this, mining hardware inevitably becomes obsolete over time as the mining difficulty increases. None of this should be a surprise to anyone, and it certainly doesn't make OG a scammer just because people are unable to make these logical conclusions.
Just my 2 cents on the matter. I believe my position is relatively unbiased on this, as you can see from my quote in the OP.
Selling something as a bitcoin investment which the seller knows will depreciate against bitcoin is a scam to me fella. Interested to hear others thoughts
The thing is there is no way to know whether shares will appreciate or depreciate relative to BTC. You are going off the assumption that BTC's price will always rise, because it just so happens it has for the past year plus. This is not necessarily always the case. Share price is determined by the total value of assets (mining equipment) plus retained earnings (mining revenue) divided by the total number of shares. This means that the majority of the enterprise's value (mining hardware) is pegged to USD. Therefore, whenever BTC goes up, share prices will drop, and vice versa. I'm sorry OG isn't offering 1% daily return like some other forumers do, but that's just the price of doing business with legitimate people. Sometimes investments don't work out. It's also important to note that all measurements are relative to your benchmark. In terms of USD, shares have increased by 10x since the initial sale, which isn't too bad
Disclaimer: I have no financial investment in NastyFans. Personally, I think investing in mining isn't a good idea, but that's irrelevant. I just think it's bullshit that OG is being called a scammer when there are so many other enterprises on these forums that have actually scammed people over the years.
