Quote from: masterfu678 on June 02, 2015, 12:49:35 AM

Quote from: anthony27boo on June 01, 2015, 06:03:38 PM

@masterful:

You have to realize I'm using block times, block rewards, and current market prices. This is the most basic information available for any coin. I know some people might not know where to find comprehensive info like this on a large number of coins, and I'm happy to show them as I did in my last post.

But it's the same thing as if I did an analysis of Bitcoin and used:

Block reward: 25 btc
Block time: 10 minutes
Nethash: current info from blockchain.info

I mean, this is just what everybody knows about Bitcoin. It's no secret. It's the same with scrypt coins. The information is readily available and verifiable. Anybody has access to it. All I'm basically doing is multiplying the numbers and showing the implications for scrypt.cc.

The thing is, with the disagreements to my posts, nobody has put forward a data-based, verifiable counter argument. Why don't you provide one?

All right, you want me to provide a data based, verifiable counter argument?

Take a look at this blockchain
https://blockchain.info/address/1HWqsgnSd12Gv8SpoUMi1Cj8hp79BTSpW7

This is the wallet of the site owner, as you can see, it has about 983 BTC in it(at the time of this post being written), with a total of 30689 BTC received. I got this address in the chat back in May 11 when scrypt.cc had the data center problem where all of their mining power were shut off and they had to move to a new DC, people somehow found it.

With this amount of BTC, all the owner need to do right now is shut down the site and take all the Bitcoin away, because 983 BTC is around R$697,916(he lives in Brazil) right now, depending on how high BTC to Brazilian Real rises. That is a lot of money by Brazilian standards, the guy could shut the site down and buy a house and/or nice car with that amount of money, but he never did it, the site had been around for more than a year and it is still up and kicking.

This is the cost of living in Brazil, recently updated data:
http://www.numbeo.com/cost-of-living/country_result.jsp?country=Brazil

And this is the average salary of people in Brazil earns:
http://www.salaryexplorer.com/salary-survey.php?loc=30&loctype=1

As you can see, only the highest paying job can last a person a month if they want to live a middle class life, if they got a family, that is a different story. This is only general data, no city within Brazil are specified

We don't know what his actual living condition is, but let's assume that he is renting a 1 room apartment in the city center(R$1174), basic costs(R$206), and internet(R$73), I picked these three because this is what he need to actually manage the site, in a year, he would have to spent
R$17412 just for these three basic things alone, this is only an assumption, because he might have other expenses.

Your personal definition of "scam" is different than most of people, most people think a site is a scam because it is a ponzi, like one of those "double your bitcoin in 100 hours" site, which will close down and take all your coins after half a month. This site is simply not that kind of scam because as far as I know, it had been around for more than a year, and the guy can simply shut the site down at ANY given time right now since he has a shitload of BTC. You can know this by looking at the blockchain info for his wallet. You simply think this site is a scam because you analyzed scrypt coins and you think the ROI and returns are not what you calculated, nothing else, btw I don't know if you already knew that wallet, if not, you are welcome.

As long as the site is up and running and paying out, it is NOT a scam!! However, I do keep checking the site ever so often because I do fear everything I said above could happen, but I don't have much real money invested in it, $2 as I said before, so I'm not too worried.

Thanks for the info, as you are aware already I have been with scrypt.cc for over a year and do not believe in any way it's a ponzi however several people are in complete disagreement with us.

So, at any stage over the last 6-12 months, the site owners could shut down scrypt.cc and walk away with around 1000BTC yet the still keep operating? Hmmm, that def screams ponzi to me (/end sarcacsm). Maybe they're just greedy and want 2000BTC so they'll keep the site running another year.....lol.

In any case, I'm happy withdrawing daily and spending my well earnt bitcoins!!