iddo,

I said his business plan made sense. That doesn't mean that I agree with it, support it, or vouch for it. A ponzi scheme makes sense too. That doesn't mean I'd put my money into it.

I am always willing to give new businesses a fair shake before I immediately call them a scam. It doesn't mean I support them or vouch for them.

After looking at the website again some of the offending language has been removed. I also see more information about where the interest is coming from. What I don't see is what percentage of fees and income is paid out to customers nor do I see a lot about security which troubles me.

Am I going to store my bitcoin there? No.

Do I think he is a scam, I don't know, I reserve judgement. His posts seem very defensive but that alone doesn't reflect on his business ethics.

Only time will tell whether he is successful and what his business practices are. In the end it will really just matter if what he offers appeals to people and they get value out of it. He will either gain his customers trust or not.