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mindfulmojo (OP)
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November 09, 2013, 01:21:23 AM
 #1

I was just looking their website over, trying to decide if it's ponzi or hyip.. https://www.cryptory.com/

An initial $50 deposit is required to make an active account, this can be in bitcoin.

I asked the live chat rep what would happen if bitcoin's price dropped if below that original $50 in bitcoin price.

Didn't seem to be able to give me a straight answer, other than I would be contacted before I had changes in my account and why would the price ever drop...  Roll Eyes

This is from their website...

CRYPTORY – Is a scalable system of distributed computing. Our powerful computing system is optimized for the emission of Bitcoins, one of the most common decentralized currencies.The company has developed high-performance servers, dedicated to mining for Bitcoins. Cryptory allows you to utilize these servers, so all you need to do is sit back and watch your earnings grow.

What do you think? Anybody have experience with them?

My gut says no on investing with them right now...
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November 09, 2013, 01:23:53 AM
 #2
Considering that almost no mining equipment will ROI at the moment, there's no way that they could afford to do this.  Doesn't look like a ponzi, just a flat out scam.
mindfulmojo (OP)
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November 09, 2013, 01:29:11 AM
 #3
Yeah that is the most likely explanation... Explains why the customer service rep didn't bother to ask if I had more questions or concerns.

Just thanks for chatting, goodbye..lol
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November 09, 2013, 04:26:54 AM
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mindfulmojo (OP)
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November 09, 2013, 05:17:42 AM
 #5

He sounds much smarter than my customer support...lmao

At least train them to sound half way intelligent on what they scamming people with.. Roll Eyes
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November 09, 2013, 02:44:14 PM
 #6
It's a HYIP ponzi scheme
MPOE-PR
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November 10, 2013, 12:10:47 AM
 #7
Plenty of bullshit there, but:

Quote from: mindfulmojo on November 09, 2013, 01:21:23 AM
so all you need to do is sit back and watch your earnings grow.

is and will always be a beacon of disaster.
My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
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February 15, 2014, 09:34:46 PM
 #8
Their presentation video seems to be made using stock footage. Fine art scam.
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June 19, 2014, 06:37:36 AM
Last edit: August 30, 2018, 07:46:49 PM by Lasergun
 #9
Their "partner" Infineon Technologies confirm that it's a Ponzi scheme.
desticy
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June 19, 2014, 09:58:45 AM
 #10
just fist.. but looks nice
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investspot
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June 20, 2014, 02:05:06 PM
 #11
More info about cryptory can be found here on this page.
http://www.investspot.biz/9230-dublin-cryptorium-ltd.html
Hope that helps.
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June 20, 2014, 07:14:45 PM
 #12
Dont do it!

Just be on the safe side!
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