By legitimate I mean their business activities are what they claim. There is no way they are actually generating the huge returns needed to pay out their loans to investors by the secret methods they claim. They are not a legitimate buiness.
What business? What activities? On the website there is not a single word about fiat, they accept only bitcoin. That's why I said that I don't care about their legitimacy. I live in a country where bitcoin is not legitimate, so I do not care. And if it was about fiat then of course you were absolutely right, but it's not.
Because the site deals in Bitcoin it is okay for it to be a Ponzi scheme? That sounds quite convoluted. The fact of the matter is that they claim to have all kinds of traders, miners and whatnot standing by to put your money to work. But in reality, they just use your money to pay out previous investors. There is not a single shred of evidence that they're actually doing anything to earn a profit with the money you deposit.
You will never get definitive proof either way unless they open up their records to a third party. Why do you think the service should get a chance? What makes you think they are different then any other ponzi before them?
At the moment their service works, unlike those who are already failed. This is the main difference. And the chance is necessary because I need such services, and I am sure that I am not alone.
Of course it works. All Ponzi schemes work right up to the moment that they don't. They'll pay out perfectly and then one day they don't. Also to claim that their service works unlike those who already failed is an incredibly silly comparison. If someone starts such a scheme today, they can claim that it still works, unlike others that have already failed. That doesn't prove anything.
Mark my words: Somewhere in the next, I dunno, 6 months (seems like a reasonable upper limit, could be longer if the stars align, but unlikely), this website will stop paying out. They may claim that they were hacked, since that claim is all the rage now, or just go offline without saying anything. People with money still on the site will lose it all.
All of this has happened before. All of this will happen again.