Misc. DXSynergy DiscussionNon-Specific DXSynergy issues and discussions.
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You see the funny thing is that I was saying exactly the same thing towards the end of 'last year'. So it becomes a question of long each of us will wait. You say that your willing to give them till the end of this year, others may say the end of next month, and still others will say they have already stopped waiting.
And it all boils down to what each of us want to do within ourselves. Nobody here judges anybody else for what they believe in. We just all share our own opinions
I for one do not trust DXS or the people behind it. If they come back and manage to repair the reputation they currently have, then i will make sure i get out anything i am owing from my initial input funds and then maintain a VERY small account (ie. less than $100) so i can keep up with what they're doing.
As far as i'm concerned, DXS burnt their bridges months back. I respect and applaud those who have faith to give them more time, but i'm afraid i can not.
I'm perplexed about your reference to DX not being an investment. If one puts money into an entity, of any nature professing to be legal and professional, and has every indication that profits can be earned over time, what else but 'investment' could be attached to such an arrangement?
I for one was informed on several forums (perhaps not here?) that if I rolled my inexchanged funds over within the system, my funds would earn more and move the goals of the ecurrency economy forward for the 'rewards' of all members. Again, this to me sounds like profits on an investment.
I must agree with you swiedchoice. However DX/GDT very carefully never in any form referred to the system(s) as an investment. Most likely that was done to cover themselves legally. The program vendors however referred to it in many flowery terms.
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There's no such thing as sanity, and that's the sanest fact.
Dire Straits
IN MEMORY
Niece Tina: 8-24-1971 to 9-22-2008 (37 is too young)
Mom: 4-19-1914 to 10-4-2008 (A good, long run)
The problem is not with the general understanding of what is considered to be an investment, but with the legalities behind what an 'investment' is. With the exception of DXBlueChip, DX has never portrayed itself as an investment of any kind and this has always been one of my pet peeves.
A true investment would normally have all sorts of agreements and assurances surrounding it and is generally legally registered with some form of regulating body. Although this does not provide any guarentee or assurance, usually if an 'investment' goes bad then there is some recourse for the investors either is the form of legal action being able to be taken and/or financial relief in the form of losses being able to be written off against taxes (at least this is my understanding)
There has been numerous discussions and rumors for many months now regarding possible legal action against DX or GDT (or even Merv himself personally) but to be perfectly honest I do not actually see how any such case could actually be upheld (again, with the exception of DXBlueChip which was handled very differently). Although we were never informed (by DX) that we may actually loose any funds placed under the trust of DX, we were also never encouraged by the prospect of guarenteed returns (by DX).
Now although I truely wish this was not the case and there was actually some formal process we could follow to try and recover our funds, IMHO there really isn't.
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