Quote from: pummle on August 04, 2014, 05:01:10 PM

Quote from: jimmothy on August 04, 2014, 03:47:29 PM

If you're going to conveniently ignore the several elephants in the room what's the point of having a discussion?

I honestly want to know what could possibly justify a trading licence that is 30 million times more expensive than the NYSE.

Seems like you've drank the koolaid and there's no turning back.

Do you have any other arguments besides the 30 btc registration? I already addressed that: I use a broker, I have never paid a 30 btc fee to trade.

What you call a broker is just some guy who paid the 30btc and made a website in a few hours. I can't even find any contact information like a name or business address. Do you know where I can find it?

Why do you refuse to acknowledge the fact that the registration fees are nothing more than a money making scheme. The exchange has no revenue other than from new recruits which is the definition of a ponzi.

Quote

A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme.

http://www.sec.gov/answers/ponzi.htm