When the leaderboard was still up I noticed that 20 people seemed to control 70-80% of the supposed 500 ghs. My obvious conclusion was that the 500 was total bunk, more likely it was at least 2-3 times that floating in the market. So, at some point the operator simply had to write off most of that overissued khs or lower the reward drastically. Actually he has done both by now.
which still does not prove it is a ponzi, writing off more is fraud, of the forgery kind?
not sure on the last bit, but to me sounds a bit more realistic for a solution that encompasses all issues than there really being a ponzi scheme.
If i was the admin, id be mining some shit take all your coins and give back what the miners are worth, and that is more acurate, than admin giving you or anyone else any one else's btc...
Maybe Bwnr and satan want to call me a shill again???
There is no ponzi but plenty of fraud abound, and i never said he was legit, so my negatrust, is full of shit...
It,s basically a penny stock scam but in crypto clothes of course. He,s been issuing stock for 18 months now and so massively that the price per unit has fallen from 144000 sat. initially to 80 now. And that 80 is after a one for a thousand reverse split, think about that.