There won't be enough btc to buy back all std at ger like he states (lie, to answer SweetLou). He'll need a constant flow of new investments to do that. So yes it IS a ponzi.
There will be enough BTC to buy back all STD at GER. He does not need a constant flow of new investments. I might explain it in the next post. It's really quite simple.
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Oh ghibly oh ghibly. Trolling at its best.
We've been there and discussed it - and you admitted that you didn't understand the math, that you were wrong.
https://bitcointalk.org/index.php?topic=522874.msg5940664#msg5940664Heck you don't even need to do the math, just use some logic: if you took X amount of btc during a period of time (this includes old and new investors. Just all the btc coming in, any source) and gave something in return (STD in this case), how can you pay back MORE btc when what you gave increased its value (since it CANNOT DROP by design) and people sell back all of it?
It all works out for Standardcoin because its exchange pays back LESS BTC than what it got in the first place.=>
Yep, we've been there as well.
Of course, gibly doesn't need math. Because ghibly can't do math, because his arguments are so flawed that he could proof anything. And logic is the foundation of math. Another field where ghibly doesn't shine.
He could have ran away already but that is not necessary to be a scammer, what he did is enough. Running away would be aggravating (I already said this in anothre reply too). Actually is counterproductive to run away from the start with this kind of scheme. He can wait and see if investors will send him more btc, maybe pay back some to keep the thing going and running away when he has enough
This is the only bit of your post that makes sense and I agree with