Quote from: BitCoinNutJob on August 30, 2014, 08:14:28 AM

Quote from: Rannasha on August 30, 2014, 07:26:01 AM

Quote from: sunny1 on August 30, 2014, 06:56:24 AM

Quote from: Puppet on August 29, 2014, 11:29:37 AM

Quote from: crazyivan on August 29, 2014, 09:55:10 AM

1) Show me one single piece of evidence which proves they are ponzi and I ll immediately close down this thread. Just 1. But real proof, not your opinion.

One cant prove a negative, so I cant prove there is no business model behind this ponzi, but the burden of proof does not lie with me, as I am not soliciting funds or making promises of future profits. The burden of proof lies with whoever is soliciting your money. Its up to them to prove they are a legitimate business. They provide none whatsoever. No names, no address, no contact info on the website. No credible business plan. No explanation why they pay insane interest rates for loans any bank or VC would give them at a fraction of the cost. No reason given why they seem to have unlimited appetite for ever more money, whether its BTC, dollar, or anything else.

This is a classical ponzi and a glaringly obvious one. Either you see it and you are a fraud. Or you dont, and you're an idiot.

Let me ask you, did you invest in MM(M(-2011)) ?

Quote

3)BT is not located in the US neither am I. You see, in mother Russia, we really do not care about US laws, so you can wipe your ass with that .edu website.

BT offers its investment to US citizens, and is therefore in violation of US security laws (as is anyone providing material assistance). And EU laws. And Japanse. And Australian. Id be very surprised if they werent even violating Russian laws, but I wont pretend Ive looked in to relevant Russian laws concerning unregistered securities. I do know the guy behind MM landed in jail, so I guess at least ponzi's arent allowed there either.

Quote

4) Thank you for calling me a cancer, this is a really nice insult, l

You're most welcome.

Sure, go to banks and ask for a loan to finance your bitcoin business and tell me which bank is financing you, I will call them as well. Dude you must have missed that a lot of exchanges in the U.S., in Canada, in South East Asia and especially in the UK can't even find a bank that is opening them a checking account. And I am talking about 'legitimate' bitcoin businesses by your means, without saying that BT is not legitimate. That is the reality!

There are plenty of venture capitalists willing to throw tons of money at promising projects involving Bitcoin. If BT would be able to prove that they can make 0.5%-1% per day, they'd have VCs falling over eachother to invest. At far better conditions (for BT) than what they have to offer people now.

This is a general sanity check for (Bitcoin) investments: To ask yourself why the company is seeking investments not from VCs that can lock large amounts (>$1M if needed) away for a long period without questions, but instead from Joe Average with his $50 in Bitcoin who may make regular support requests.

Bingo! if you wish for a meaningful discussion crazyivan debunk this point here. It could be that this company wish to share profit with the community Grin

Especially considering that BT is a non profit organization the founders are philanthropists'.