Post
Topic
Board Scam Accusations
Re: LPC - LIGHTPAY COIN SCAM
by
DeKat
on 04/07/2018, 15:03:10 UTC
Hi, my name is DeKat. You can find me in the discord channel. I am not affiliated with LPC, other than being a very light investor. But i got a PM from some guy talking about it being a scam and suggested i read here...

Let me tell you what i see... A bunch of fud based on emotions and speculation. Wheres the actual facts? "But his name isnt real" Can anyone tell me who Satoshi is? Is bitcoin a scam? Just wondering, because the nature of crypto is anon. It was made to be like that. Thats why the governments, on average, hate it. But lets get into some other things i saw on here.

"The DEV is trading off the newbies, just look at cryptobridge!" Ok. I looked at cryptobridge, as i trade on there and watch it pretty much all day. The funny thing, that nobody is talking about, about CB... is that its completely transparent. Its not some anon, off the grid exchange. You can see whos trading, how much they are trading and how much they have in their CB wallet.... The #1 person for LPC right now... has 1100 coins. If you were watching during the dip, you could have seen who actually dumped back when it did, and how many coins they actually did.

Now... i have seen some bots working, not an army of them, but a few... and even then, i cant for 100% sure say that they ARE actually bots and not someone just doing some of the same behavior. But even at that rate, i dont see them doing anything crazy. They havent made major fluctuations in PPC... but they do make it wave. Which is conductive of trading. Though the waves they make arnt enough to really make too much of a profit on, only a few percent. I think the biggest waves i saw them making was between 5-15%. Which is pretty on part to typical trading as most traders are looking for 5-20% trades on average. But the numbers they trade arnt really making them "MILLIONS OF DOLLARS!!!!#$LKJSDFlulcopters" In fact, nobody is mentioning the coin count, or the fact that you can watch the network traffic and actually see if you are right.

Which leads me to my first statement... that this is a bunch of fud based on emotions and speculation. The Top 25 wallets hold less than 54k coins. The top wallet holds about 6.2k coins and then #2 is less than 4k.... The network has under 400k coins (about 380k) and there are currently 258K coins locked into masternodes. That leaves less than 125k coins in the open... Of which, there are (right now) 2700 coins for sale on CB... and the holders/traders on CB hold >=15k coins total.

Im also huge into numbers, breakdowns, research and ... math... And i have been doing the math for compounding my own coins and to what ill get, when it wont be a major profit per day and all that information is pretty open. The only thing i havent put together mathematically is the MN payouts. Though, its only based on what some other people have said, not a dev or support. So its hard to really tell. The number on the chart for Master Node Reward Coins (1 block) is an assumption of 1000 total masternodes. Though the dev said recently, in correction of a discord moderator, that there is an unlimited supply of master nodes. So my confusion on the numbers is not really confusing, except for what the discord moderator told me... in which, he has been wrong before and even that time corrected by the dev himself. So you cant really take what that guy says as fact, not all the time anyway.

The numbers for everything i have information for, is 100% accurate. You can check everything off of the rewards given for each stake/mn payout and compare them to the chart... and its factual. Im getting 3.399~ per stake, and that is factually where it should be. The stake should be 3.4LPC minus network fee. The masternode payouts are fluctuating based on number of MNs active, you can check the average payout on trusted sources and compare it to the chart, and its factual.

As i said above, you can watch who is trading on CB and how much they are trading, including how much they are holding in their CB wallet... So if you are worried about a dev dumping, you can just look at see for yourself. Because i havent seen anything of that nature. What i have see is profit taking, small manipulations to get PPC down so someone could buy a masternode (which there are several people flipping to get more), and its not out of the ordinary for any traded coin to be flipped and slightly manipulated by random people to get more coins.... i have done it before, and i also trade on waves to increase my holdings. It makes sense...

If you are new to trading, and you literally have zero information to actually speak about.... other than FUD... why the fuck did you make an entire thread about this? Did you not think someone would read this and have some logic and facts to tell you guys that you are completely FOS? Just saying... Prove me wrong, i stand corrected easily, but i dont think you will. Almost never happens....