Post
Topic
Board Altcoin Discussion
Re: [NFO] Ethereum = Scam
by
oldmarsh
on 27/07/2014, 11:43:36 UTC
   Supposedly any BTC the founders put in they get back but keep the Ether.


Wow.  I wonder if investors know this...  What a sham.

–]vbuterinFounder
You mean if I had sent 100 BTC in then I would get 100 BTC out and also keep 200000 ETH, so a 2x return? We are certainly not doing a deal of that sort.
Additionally, note that we do not "own" the BTC that goes into the ether sale. Those BTC are held by a GmbH (German for "limited liability company") owned by a Swiss non-profit Stiftung (foundation) registered and regulated by the Canton of Zug; it is illegal for us to use those funds for personal benefit (with obvious exceptions like salary).

Because you know that if you ask a scammer if they are scamming they are going to be completely honest with you and reveal that indeed it is all one big scam. Not saying that's what's going on here, just that if you suspect someone is scamming, asking that person if they are scamming isn't going to get you anywhere.

BTW, in regard to that last line, when has the fact that something is illegal ever stopped criminals from doing it?