Quote from: AGM76 on December 03, 2018, 09:25:53 PM

Quote from: CoinClarity on December 03, 2018, 07:28:31 AM

Quote from: AGM76 on December 02, 2018, 08:36:08 PM

The price is sure to go up if all the coins on the platform can't be retrieved any more (many people were advised to leave them on there) Huh

Phew buddy... this is the wrongest thing I've read so far today... Why on the earth would the price go up? Because there's less? If you remove 20% of the garbage from a pile of garbage, you still have a whole heap of garbage. It doesn't suddenly transform into gold.

Quote from: AGM76 on December 02, 2018, 08:36:08 PM

The crypto market may or not be less of a ponzi than BCC.it could be a good time to buy 'cheap' BTC and ETH Grin

Outside of the handful of other proven Ponzis, the crypto market is definitely less of a Ponzi than the most widely known crypto Ponzi scheme ever (BCC).

Well I suppose the market went down 80% in the last year for other reasons - why aren't more people saying cryptos are zero sum games too? Many people have said cryptos are ponzis. there is nothing backing the price in almost all cases and even if a company that issues the token becomes successful there is no actual reason for the token to gain in value if they don't share any profits (at least with stocks there is a possibility of a takeover and a real reason for the price to go up since they actually do represent ownership of the company and carry over to the new buyers unlike cryptos that do not represent anything, really). So best to treat it all as some weird game. The funny thing with BCC was that the price did go up (for the same reason any other crypto will go up if nothing backs the price) and went up higher than the amount of interest they paid, so their lending section was profitable and less of a ponzi than other cryptos. That was definitely the case for their lending and they definitely were profitable while they were running but I can't be bothered explaining again.

The funny thing is you don't have a fuckin clue that BCC's lending program was 100% contrived, ONLY profitable to those capable of exiting prior to their exit scam.

Now, from the desk of Crypto Rags Desperately Needing Fodder to Appease Their Astute User Base: