Post
Topic
Board Scam Accusations
Re: Scam alert : Do NOT INVEST in Genesis Mining
by
gphx
on 28/07/2017, 01:56:16 UTC
The initial reports they weren't able to pay ongoing claims due to not hitting an ethereum block demonstrates they are severely underfunded and relying upon incoming deposits and luck. The fact they suddenly run into problems the moment the market turns down seems like no coincidence. Many people predicted these same things years ago. How they would ever be able to handle users stopping 'reinvestment' and then withdrawing en masse remains shrouded in mystery.

Watching the mental denial process of people participating in a true Ponzi is mind boggling. Like drowning swimmers they'll lash out and try to drag down the people trying to save them.