I think it's pretty safe to say anyone who invests in Bitcoin or any crypto currency in any way is not your average 'mom n pop' investor and is aware of the risk.
No it is not safe to assume this because even if they were hardened cryptocurrency traders, the fact an organisation is pretending to be legitimate in order to attract 'investors', does not diminish the nature of the fraud simply because a trader might be aware of a number of service failures/scams within the industry.
Do you have some BTC on an exchange? We've seen mt gox and mintpal go down, how is trading on an exchange any different in your view of scrypt cc or any other cloud mining operation?
Because trading platform exchanges are not advertising themselves as 'cloud mining' operations, they are trading platform exchanges for traders to buy and sell different currencies TO EACH OTHER in order to try and make a profit. That an exchange might collapse for one reason or another does not make it equivalent to an intention-to-defraud unless it is, like scrypt.cc, an intentionally fraudulent operation being shilled as a 'legitimate' service. In any event, the draw to attract 'investors' into buying these 'KHS' is due to the claimed payout which might be 'earned' from the mining operation, it is the sole reason for people to trade on scrypt.cc and without these supposed mining payouts there would be no enticement to buy/sell.
Why aren't you policing every single other thread on bct where an exchange is involved?
What does that have to do with scrypt.cc being asserted to be a fraudulent operation? Would my points be any more valid if I was posting on multiple other threads and calling them out for their shady setup? Go back far enough into my post history and you'll see I have done exactly that with a number of pump and dump coins and phishing scams, not that it relates in any way to the validity of what I am posting here, for that requires only my assertions about scrypt.cc be objectively reasoned, which they are.
With regards to proof, would you openly advertise you have hundreds of thousands of dollars worth of ASIC equipment in a datacentre? "Hey world, here's where I earn millions using expensive hardware. The address is 123 I'm-n-idiot st, Brazil. Come and get me" Let's also realise Brazil probably isn't the safest country in the world to run such an operation openly too.
Care to show me proof this operation is based in Brazil? Take a look around you, this is the internet.
Besides which, nobody needs to know his address, he could take anonymous video of the racks of miners (which manufacturer are they anyway, because nobody makes a scrypt miner that ROI's) and prove ownership by having the freshly mined blocks sent to a known address. He could easily offer ways to give ongoing realtime proof of the scrypt hash-power he claims is backing up these 'KHS' things being traded on his platform, all without ever disclosing his location.
You've made your position perfectly clear, if people want to invest let them. If you choose not to that's great for the rest of us, price per khash stays lower and my returns increase.
Yeah, I'm not going to stop making my position clear, repeatedly. Most seasoned users of this forum are more than aware of the nature of fraudulent operations using sock-puppet accounts to keep trying to bury posts which expose their scam. So, no, I won't be leaving this thread anytime soon unless scrypt.cc 'Admin' does actually put in place a valid system to show proof-of-hash for this mythical 'KHS' product he is selling.
