OK, but do you have any evidence that his staking thing is a Ponzi?
You're probably being a tad sarcastic, but here is what I could figure out.
I'm not aware of cyberpinoy ever providing proof of solvency.
Initially he refused to even publish his staking wallet addresses, claiming they could be hacked, later claiming users could mistakenly deposit funds into those addresses. Still not showing them on the website, but they are buried somewhere in this thread (sorry, can't link to a specific post, stupid phone):
https://forum.gethashing.com/t/pos-mining-stakeminers/3925So perhaps we do have some proof of staking.
I wasn't being sarcastic. I'm aware of Bruno's tendency to go off on tangents with his crazy Google skills, and wanted to bring him back to the main point here: forget which direction his roof points. Is it a Ponzi or isn't it?
I received a PM reply from cyberpinoy giving a list of staking addresses, and the same explanation that "we can't publish the addresses because people might send deposits to them". I replied that Just-Dice is effectively a staking pool and has always published its staking addresses and never had a problem with people sending coins to the staking address. Each user has their own deposit address. If they send coins directly to the staking address they don't get credited, and nor should they. I checked the addresses he sent me, and they have coins in them. But that's not enough. For a proof of solvency we need:
1) the address(es)
2) proof of ownership of the addresses (typically via signed message)
3) a list of liabilities (user balances, effectively)
4) check that the assets proved in (1) and (2) exceed the liabilities in (3)
So far I only have (1), and even that is apparently to be kept secret.
It's not clear to me yet whether he is being deliberately obtuse or not. I see no reason not to prove solvency if it's possible to do so, and every reason not to if it's impossible.
On that other forum thread I see comments like the following which make me feel bad inside:
you know nothinbg about blockchain technology yes an address can be used to hack a wallet.
lets see if you know how becasueI already do
and besides that the proof is right in the website, you cant photoshop those images, those are real images of the wallets weather you guys like it or not.
You can steal coins from an address just by knowing the address? And there are images which can't be edited by Photoshop? Cause for concern...
See, it's not just me sticking it up Leroy Fodor's ass. It's others as well. I'm mainly sticking his hundreds of lies up his ass while other stick issues of Leroy's overall business model up his ass.