Post
Topic
Board Announcements (Altcoins)
Re: [ANN] QIBUCK COIN - X13 - POS/POBH - 1st Proof of Baghold and asset backed.
by
ThrowAwayThisCoin
on 14/10/2014, 15:55:59 UTC
What I am doing is asking questions. These questions are basic.  And the blind people being sucked in by ponzi greed are getting upset. BTW I have contacted the SEC and other governmental bodies to investigate this as a ponzi/fraud. Good luck having to really answer questions... And yes if this security is sold to Americans, then they have full ability to take action. Read a book.

Do you understand what a ponzi scheme is?  Please tell me what you think a ponzi scheme is.

Selling more shares/coins to new investors to cover the cost of dividends for new investors.

OK, but QiBucks don't sell the coins themselves, do they?  The coins are already out there.

"stabilization fund"
I have confidence that the SEC et al can figure it out without problem, this shit is probably standard textbook ponzi.  Over friendly leader, so trustworthy and cheerful, too busy to actually do the work required to update everyone, 9 out of 10 posts are a summary of their family, no posting of how profit is made, assets being sold to cover dividends, big cash out.  It shouldn't be too hard to figure out for them.