Post
Topic
Board Scam Accusations
Re: Polish-registered recyclix.com is a Ponzi scheme and provably so.
by
cryptodevil
on 18/11/2016, 07:40:57 UTC
Another thing that is weird on the site that they offered bitcoin cashouts at a huge rate,100$ more then the current spot price which is pretty weird

You mean they are making bitcoin payments at BTC/$ exchange rates $100 better than market price? If that is the case then the only reason I can imagine they would be doing such a thing would be to try and get bitcoiners to believe they can game the system and treat it like an exchange, thereby causing more deposits to come in, something they desperately need to keep the scam running.

They wouldn't be offering that rate if they didn't have to, put it that way. They are wily enough bastards to know damn well what they are doing and they sure as shit wouldn't be that far off market price by mistake.

"It's a trap!" - Admiral Ackbar