Crypto Bridge BCO PONZI Scam FRAUD | Bitcointalksearch.org

minairia3

sr. member

Activity: 1498

Merit: 326

CRYPTOMUS

Quote from: kriptofan on September 24, 2018, 07:30:46 AM

is this cryptobridge BCO scheme a classic PONZI scam fraud or what am I missing?
all traits of a classic ponzi scheme with longer you hold their BCO more profits you get
and cannot withdraw

and why would the owner share with profits anyway???

Do you have any particular definition of ponzi in your mind or did we just missed something about this exchange that has been running for quite sometime now and not a few or any that I know have accused them of like this.

bitChipper

sr. member

Activity: 896

Merit: 290

Quote from: kriptofan on September 28, 2018, 03:50:10 PM

BCO CB No premine means nothing for Ponzi Scam Fraud

You are not providing any evidence as to why its a ponzi scheme other than that you cant withdraw Cheesy

The supply on CMC is not increasing to cover early investors or anything like that, my staking positions are rewarded based on their trading volume.

They send out montly reports on their volume and how much was paid out to the stakers.

How is it a ponzi scheme? Are you just mad you opened a staking position, didn't read the rules and now cannot withdraw?

kriptofan

jr. member

Activity: 52

Merit: 1

BCO CB No premine means nothing for Ponzi Scam Fraud

limmousine

sr. member

Activity: 546

Merit: 251

Quote from: bitChipper on September 24, 2018, 10:29:49 AM

Crypto-Bridge is a decentralized exchange built on top of the BitShares Network, it's basically the same as Bitshares asset exchange, but with many different trading pairs and is easier for coins to get listed.

The people who build crypto-bridge are the developers of Bridge Coin, they had no ICO and no premine....that right there is enough to call your accusations unfounded and unjust. Dude, do some research first before you just spout off claims of ponzi schemes and fraud.

They launched an altcoin and mined it themselves while building crypto-bridge, they offer staking positions to people who want to lock up their BCO with them in order to get a little bit of the trading profit that the exchange generates. That in turn gives the coin some demand and value, its actually an interesting model. The coin is pretty much tied to the exchange and if the exchange is successful the coin will be too.

The only thing I will say is that the DEX is slow and cumbersome, it's the trade off of using a DEX.

so it is clear that BCO is not a ponzi as OP accuses. maybe the OP must understand it first and try to check the BCC to better understand ponzi.
indeed ponzi must be eradicated from crypto, we must also be more careful and warn other communities to remind it.

https://www.google.co.id/amp/s/en.bitcoinwiki.org/wiki/Amp/CryptoBridge

Obiwankenodium

copper member

Activity: 322

Merit: 15

If you chose to stake for a year and you do not claim your stake it will continue to earn profits at the same original rate, same bonus until eternity. So you do not have to lock them up for another year.

bitChipper

sr. member

Activity: 896

Merit: 290

Quote from: Obiwankenodium on September 24, 2018, 08:04:00 AM

Why do you think so?

The coin has no inflation. They are paying out the biggest part to the stakers in btc, not bco.

Apparentky they want to attract (long term) customers. In return they share a (big) part of their earnings to bco holders and marketmakers. I think they need at least a certain amount of liquidity to be attractive for customers.

They actually get a lot of liquidity when micro cap coins get halted and stopped for trading on centralized exchanges like cryptopia, they are in turn like a fall through, or secondary market for smaller coins. They will need to get ERC20 tokens listed someday to get more volume too.

I'm not sure if they will ever cross the cusp of just being a "backup, last resort" exchange though, it's hard to imagine big whale traders will start trading BTC/USDT on there with how slow and tough it is to use.

bitChipper

sr. member

Activity: 896

Merit: 290

Crypto-Bridge is a decentralized exchange built on top of the BitShares Network, it's basically the same as Bitshares asset exchange, but with many different trading pairs and is easier for coins to get listed.

The people who build crypto-bridge are the developers of Bridge Coin, they had no ICO and no premine....that right there is enough to call your accusations unfounded and unjust. Dude, do some research first before you just spout off claims of ponzi schemes and fraud.

They launched an altcoin and mined it themselves while building crypto-bridge, they offer staking positions to people who want to lock up their BCO with them in order to get a little bit of the trading profit that the exchange generates. That in turn gives the coin some demand and value, its actually an interesting model. The coin is pretty much tied to the exchange and if the exchange is successful the coin will be too.

The only thing I will say is that the DEX is slow and cumbersome, it's the trade off of using a DEX.

Obiwankenodium

copper member

Activity: 322

Merit: 15

Why do you think so?

The coin has no inflation. They are paying out the biggest part to the stakers in btc, not bco.

Apparentky they want to attract (long term) customers. In return they share a (big) part of their earnings to bco holders and marketmakers. I think they need at least a certain amount of liquidity to be attractive for customers.

kriptofan

jr. member

Activity: 52

Merit: 1

is this cryptobridge BCO scheme a classic PONZI scam fraud or what am I missing?
all traits of a classic ponzi scheme with longer you hold their BCO more profits you get
and cannot withdraw

and why would the owner share with profits anyway???

Topic: Crypto Bridge BCO PONZI Scam FRAUD (Read 106 times)