[HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX

[webbrowser]

It's probably pointless to discuss this, and IANAL but...

I'd posit that whether this is a scam depends on cryptx's intentions at the start and throughout the operations. There's a difference between a failed investment, incompetent management, etc and a dishonest scheme that was designed to pull in the marks. Even if everything was run by the book and according to the terms of the prospectus, it could still be a scam in my books, eg.
- if cryptx's intentions were to swindle "investors" from the start
- if the projections were such as to be manifestly improbable to other competent persons (something that was probably true of PETAMINE, but is not so clear for SCRYPT)

It also means there can be such a thing as a legal scam.

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[TheSmackDown]

They said they were to buy chips and boards AND CUSTOM BUILD MACHINES.

DID THEY?

I did not think i was investing in BTC gamblers.

[TheSmackDown]

Any idiot knows diff goes up over time - so did they know or not know what they were doing?

Did you? Clearly not if you're seriously positing this question.

Losing 900BTC which i think how much he had invested probably would make me lose my mind as well

I invested expecting LTC dif not to rise as quickly as it did, regardless if cryptx managed the reinvestment funds properly the operation still would have failed without having competitive hardware to keep up

They were suppsoed to be buying and selling chips, making their own machines from boards and chips.

Did they? No they fucking did not.

[TheSmackDown]

Its a scam cos they could. Twenty Seventy why dont you go back to running your own scam. Charge ppl money to buy units where the return and share price always goes down. So every week you can lose some value and not gain at all over any term of investment. Thats the future.

[newIndia]

Any idiot knows diff goes up over time - so did they know or not know what they were doing?

Did you? Clearly not if you're seriously positing this question.

Losing 900BTC which i think how much he had invested probably would make me lose my mind as well

I invested expecting LTC dif not to rise as quickly as it did, regardless if cryptx managed the reinvestment funds properly the operation still would have failed without having competitive hardware to keep up

They were suppsoed to be buying and selling chips, making their own machines from boards and chips.

Did they? No they fucking did not.

Was not HaveLock monitoring their operation ?

[twentyseventy]

Its a scam cos they could. Twenty Seventy why dont you go back to running your own scam. Charge ppl money to buy units where the return and share price always goes down. So every week you can lose some value and not gain at all over any term of investment. Thats the future.

The value decreases as the BTC is paid out to holders of MINE or SELL or both. The decrease is planned and known about up-front. The hard part is telling the proportion that either side will receive. Read the contract and get back to me if you still don't understand how it works.

[TheSmackDown]

Nice. Aslong as i lose money i am into it.