Guy tagged me, that's fine. I'm not the retaliatory type and his opinion is his opinion. I think if he is going to have this opinion though, he needs to go and tag everyone wearing a FortuneJack sig, everyone wearing any exchange sig, everyone wearing a mixer sig, and everyone wearing a sportsbet.io sig.
Almost all of these have a scam accusation open against them minus a few mixers but IMO mixers are mostly shady activity happening.
I disagree with you here, and don't think they should all be in the same basket. (disclaimer: obvious bias, just like how yahoo also has a bias)
Mixers are simple: you give them coins, they give you someone else's coins, and you can do whatever you want with them. That's how they say they work, and that's how they work in practice. If they fail that obligation,
obviously it's problem. Until then, you can dislike them because they give people privacy (#BanMonero and every other privacy coin! While your at it, ban every exchange that supports XMR pairs and doesn't enforce KYC on everyone) or whatever, but AFAIK there is no recent studies that show that mixers are "mostly shady activity"; in fact it's
the opposite. If you have a different source to support your claim, I would be happy to read it and retract this statement.
Gambling sites can be a bit less straightforward with all of the T&C crap with the potential for KYC and the need for gambling sites to protect them from 'promotion abusers'. They do mention that they 'reserve the right to KYC' and to 'investigate winnings' (I think that's what most scam accusations are about). At least it is mentioned
somewhere. When they deceive players by having a
fake provably fair system or an
improper provably fair setup while claiming themselves to be provably fair, that's an issue. Or, if they
advertise a 1% house edge while actually having higher, that's a problem too.
As far as I'm aware, Yobit calls their InvestBox "100% safe". With their signature, they advertised 10% returns with their X10 token, linking to a page that says "100% safe". You could argue that they aren't lying here: people are getting 10% returns on X10 token after all. However, nowhere is it stated the X10 token is a fictional blockchainless token created by Yobit for the purpose of InvestBox. No where is it stated that they 'reserve the right to print as many tokens as they want to dump on the market'. (please correct me if I'm wrong). The omission of that very important piece of information is what differentiates Yobit with other 'shady' sites. I would argue that this is a very important piece of information, as it's the difference between your investment being worth whatever the market value is, and your investment not being able to be sold because Yobit placed a sell order of 6000 BTC worth of X10 at 1 satoshi.
People are fine with
ponzi schemes when responsibly disclosed, and not a claim of "make 10% daily profit risk free!!!!1!11". Can you say that Yobit has reasonably disclosed the risks of an investment in X10? (or at the bare minimum, vaguely mentioned it?)