Post
Topic
Board Securities
Re: [HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX
by
webbrowser
on 27/12/2014, 13:37:48 UTC
It's probably pointless to discuss this, and IANAL but...

I'd posit that whether this is a scam depends on cryptx's intentions at the start and throughout the operations. There's a difference between a failed investment, incompetent management, etc and a dishonest scheme that was designed to pull in the marks. Even if everything was run by the book and according to the terms of the prospectus, it could still be a scam in my books, eg.
- if cryptx's intentions were to swindle "investors" from the start
- if the projections were such as to be manifestly improbable to other competent persons (something that was probably true of PETAMINE, but is not so clear for SCRYPT)

It also means there can be such a thing as a legal scam.