Quote from: drawingthesun on November 26, 2013, 01:19:06 PM

Quote from: tum0r on November 26, 2013, 01:06:04 PM

Heheh. My gutfeeling was spot on Cry

ponzy all the way. Atleast my portfoli got 3x larger. But as, allways. senior advices makes for a safer cryptoworld. Thanks folks. Luuuky me Grin

Nope. If you want to accuse someone of a scam at least get the terms correct. Not every scam is a ponzi.

A ponzi is where many people invest in a scheme that offers high interest rates, the catch is that these interest rates are paid out of the money people are investing into the ponzi.

A -> $1000 | total = $1000
B -> $5000 | total = $6000
C -> $2000 | total = $8000

Now A, B and C are paid 10%
Total = $ 7200 -> A($100), B($500), C($200)

This continues until too much interest has to be paid and the scheme collapses. The key point here is the only money coming into the investment is people investing, there is no other input.

Now what type of scam is mcxFEE? It's not a ponzi because the returns were from fees being paid on trades, instead the scam involves selling these FEE tokens and shutting down the site. If RealSolid kept the site going for 10 - 20 years, the investors may have got their ROI.

Also the IPO was at a much higher rate than the value of the fee trades, and people would have bought in only because they wanted to sell to someone else, but this is not a scam on RealSolids part but rather investors being idiots and unable to do math.

The scam mainly involves RealSolid lying about the future potential of the site, he made claims a gambling and gaming platform were going to be created and this gave the tokens their value. Instead RealSolid shut the company down.

An analogy is Facebook raising $14,000,000,000 and then closing the site. If that happened Mark and the rest of the board would spend 20 years in jail, rich people get away with a lot of crime, but not high financial crime.

Thank you for clearing that.
"Smart ass"
After x days ,with little to none sleep. A error in my formulating. Is not of any concern. And im a a forigner. Haha