Quote from: cryptodevil on May 29, 2015, 02:50:18 PM

Quote from: ilic on May 29, 2015, 11:14:16 AM

Scrypt.cc dont give a fuck about any of our opinions...you ponzi screaming idiots...Scrypt.cc dont give a fuck...useless fucks who get their account hacked and complain....why the fuck would you listen to fuktards

Now, as you are all aware, the referral system is still in place which as someone suggested just screams ponzi becuase that's how scrypt.cc keep getting more and more investors to pay out the existing investors, right?

Wrong. Let's think about this for a moment because it seems this referral system is making all the difference about the sites legitimacy. Lets say I get 5 of my closest friends and family to throw USD$1000 each into scrypt.cc, because you know, everyone one I know just has a lazy thousand bucks lying around to invest in crypto despite the fact they know nothing about it.

At todays rates, USD$1000 buys approx 437,000 khashes. This would you approx $8.50 per day or $261 per month. With the MASSIVE 5% referral for signing someone up i would get approx $13 per month. Wow, so you're telling me that if i can just rope in 10 people to each put in USD$1000 each that would net me an extra $131 per month? Fuk me, I'm gonna quite my job and go recruiting people full time because every one i know will just jump at this opportunity. /end sarcasm again

So the referral system is just a legacy from the early days when they wanted investors, now scrypt.cc dont give a shit about new investors and the 5% referral bonus they give away because they are making a fortune with their mining hardware and the dirt cheap electricity they had for the first 14 months of their operation.

So once again, anyone with no balls can steer clear of this site and for the rest of us, stick some money in there and make the most of the early days of Bitcoin and crypto currencies in general.

Ahhhhh, bless, you couldn't help yourself. Things were so much more convenient for you when a junior account was trying, and failing, to pick up where you left off.

Still, glad you came back so I can point out the gaping hole in your vapid explanation.

Of course the referral system isn't for the benefit of the 'investor' you dim-witted peasant, it is for the benefit of the Ponzi scam.

Do you need me to hold your hand and walk you through it yet again or are you finally going to concede that maybe, just fucking maybe, as big an asshole as you and your conveniently-agreeable-junior-member-account associates frequently allege me to be, you STILL have failed to rebut the valid points I have made about this scam operation?

Good morning, scammers, shills and their marks!

Given the excruciatingly painful displays of what passes for logic and reason around here, it seems I *am* going to have to walk you through it.

Here, I found a simple explanation written by a fifth-grader, this should help:

"Say you went to your sister and told her, if she gives you a dollar to invest today, you will give it back to her on Tuesday next week and she will get $1.25. Then you go to your other sister and tell her the same thing only you will give her $1.25 Wednesday. Then you go on to your dad and every person you know and tell them the same thing. As youre going around asking for money from other people you know, you give your first sister her $1.25 and shes happy to have twenty five cents extra just for letting you invest her $1. So she says, why dont you keep my dollar and invest it some more? So you say, OK.

But the thing is, you werent really investing it were you? You were just using other peoples money to make it look like you are earning money for them. Do you see how you will eventually run out of money especially if they all ask for their money at the same time?"

So, with regards to the referral system you desperately want to not be the basis for what it is, I will ask again, why would a legitimate business with nothing more to sell and, as 'ilic' quite correctly pointed out, not wanting the hassle of more newbie customers who all ask 'dumb' questions and need far too much customer support, continue to promote themselves by way of a 'referral bonus' system?

You see, every time a new 'investor' is referred to the scrypt.cc Ponzi scam, part of the money they pay in is used to pay the earlier 'investors' withdrawal requirements and, as the example shows, in most cases greed causes early 'investors' to plough most of their 'profit' straight back in to the scheme so they can 'compound' their earnings, meaning very little actually has to be available to cover withdrawals as very few 'investors' withdraw their entire funds, albeit some will do exactly that on occasion, but by then there is usually more than enough money in the system to cover as the ripple effect of referrals brings more and more 'investors' into the bottom of the scam.

The ONLY money that the scypt.cc ponzi scam needs to concern itself with, is the actual currency being pumped into it and the actual currency which is withdrawn out of it. All the in-between 'buying' and 'selling' and 'mining' is simply numbers on a screen which they control. If they wanted to they could declare any profit-rate they liked for cloud mining, but it would only be sustainable at a certain rate depending on the fresh funding coming in from the referrals, which is probably why these 'power issues' and such arise, because they need to very carefully balance the need for the greedy 'investors' to believe they are better off 'compounding' their 'profit' instead of withdrawing it and making sure not to quote a too-high return which would see more profit-taking events where people opt to withdraw larger amounts than that which is being introduced into the scheme.

I find this: http://www.cmmonitor.com/ extremely disturbing. It is a website dedicated solely to declaring whether a 'cloud mining' operation is currently processing withdrawals and what 'returns' each scam is offering. There is no mention of validating whether any of these operations are legitimate. It suggests a larger, coordinated group of scams may be being operated, particularly when you read of the marketing emails one ponzi group of 'investors' receive from another 'cloud mining' operation. Suckers are suckers, I guess, so they'll simply create multiple houses of cards and you can move around the same group believing you are cleverly 'spreading your risk'.

Let me make one thing clear, the moment a 'cloud mining' operation is listed on that site as not paying, that's when it is already too late unless the scam in question has scrabbled to come up with an excuse for a 'temporary' problem for which they can then use their own large profit to cover the shortfall in their in/out equation, with a mind to then manipulating the market further to fine-tune their parameters so that they can get back to trying to keep the scam running.