Post
Topic
Board Beginners & Help
Re: bitcoinica is a sham or probably a ponzi sheme
by
idontknow
on 25/09/2011, 01:40:01 UTC
Thank you. Can the creator like add that to the FAQ... it's very misleading if he touts it as a bitcoin exchange like mtgox. then it's a trading scheme. I mean forex bullcrap thingymagig.

He doesn't tout it as an exchange, in fact he told you that yesterday:

The confusion is simple: Bitcoinica is not (yet) a place for you to change your Bitcoins to USD. It's a trading platform for investors and speculators to gain profits from the trade. Bitcoinica is a professional tool.