Your concerns are absolutely genuine. Thats why I have opened myself up for scrutiny.

There are lot of scam funds out there. It is expected in freely operating market. Thats why buyer beware is such an important need in BitCoin universe.

I am not operating a scam. I want to build a healthy and long term relationship with BitCoin users of this world who have given us such a wonderful instrument.

SEC rejecting Winklevoss ETFs is very good news. Satoshi Nakamoto envisioned a decentralized system of value transfer. We want to stay true to that vision. We don't want centralization to creep in through backdoors.

BitCoins is direct power to people. We want politicians and regulators to be out of it for once.

Quote from: raoulsergia on March 25, 2017, 12:24:25 PM

Quote from: RohitTripathy on March 25, 2017, 10:32:49 AM

Well I have only accepted 50 customers. Not taking any new ones for now. A Ponzi scheme needs new customers to pay for old. A ponzi scheme also offers astronomical rate of returns, and needs aggressive selling. A ponzi scheme also usually creates a pyramid or binary strucrure.

I have an upper limit on investment per customer. I have an upper limit on number of customers. And I have an absolute flat and linear structure. No sales agent. Only when enough profits accumulate to guarantee minimum returns that I am going to reopen for new customers. I can totally freeze this whole thing today, and will have no issues in servicing the existing investors without a hitch if BitCoin prices generate 13 percent per annum or more in next 3 years. Thats roughly 450 USD price gain in 3 years. Not a tall order in my opinion. Even if BitCoin prices are not above 1500 USD after 3 years, I can still honor my contracts by my personal capital for current customers.

So Sir, by no stretch of imagination is it a Ponzi scheme.

You have said exactly what every person who has conducted a ponzi scheme in the past has said - that "No, Its not a Ponzi Scheme"

Investing in any bitcoin related "fund" is pure idiocy, show me one such fund which as been successful? I admint I dont know much about India's investment scenario, but globally Btc funds are mere a sham. SEC simply said no to a multi mullion dollar BTC scheme proposed by Winklewoss twins for the very reason that BTC is not a stable currency to run any kind of fund based on it