Im still mining, just cant afford to get burnt again - Caught a falling knife a couple of times.
Litecoin bores the living shit out of me, but if its guaranteed and this fails Ill point my rig at it and take up sewing.
the thing that gets me is no word from the OP/DEV/CEO
only 80 cards to start
and the cycle of GPU coin to cards and then the DEV needing to turn GPU coin back into cash
Its just not adding up in my head.
anyway best of luck peeps I got a busy day tomorrow so going to beddy byes, watch some crap on youtube about quantum physics.
G
Well, if it makes you feel any better, maintaining the idea behind the currency is likely to be far less profitable than cleverly scamming people. A plausible scenario:
With $50K, at least in the states, you could build a mining farm that generates as much as a decent job. Meanwhile, the online store opening gets delayed for "technical issues". After several false starts and delays, many people will just dump and leave. "Good idea, but poorly implemented. Oh Well." After this goes on long enough, the store finally opens. But now the coin price is so low that the GPU prices are astronomical. Maybe a few holdouts and hoarders can afford them, while everyone else would have to mine for a year or more to buy one. The store stays open for a bit, maybe even sells a few honest to goodness cards. But then the owner says he's forced to close up shop as it simply isn't profitable. He'll blame himself and apologize profusely for everything. "I failed, but at least I tried." Aww...too bad. Better luck next time.
Meanwhile, that sweet mining setup that venture capital bought is generating $30K-$50K per year in untraceable, untaxable income. And he didn't pay a dime of his own money for it.
That's just one of several different ways a scam could be perpetrated. And all of them with no repercussion to the scammer.
Now will this guy scam everyone? I have no idea. I don't know him. I've never met him. He could be nicest guy with the purest intentions or he could be a next gen Nigerian scam master. He could honestly want this thing to succeed and is working so hard on it he has no time to talk, or he could already be in Barbados gorging himself on hookers and blow.
The point is, in an unregulated anonymous market, one should be extremely careful where one places one's trust.