Bitcoin Forum

anyone tried to join zarfund i searched about it a lot then joined, i saw a lot of people gained a huge amounts of bitcoins using it, any one in here got experience

It's a MLM marketing scheme.Stay way.Shit like zarfund is the reason why bitcoin is getting a bad name.People who are doing it might lure you to join by showing high numbers but that's all bullcrap.Again,stay away,,it's a scam.

but i found it to be a peer to peer donation no one holds ur funds, the funds are from wallet to wallet no third party involved or cash stored on website

It's a MLM mate,you can put it in all the fancy words you want.At the end of the day it is what it is.If no third party is involved ,how do you think zarfund makes money ?

that's what i am trying to understand, my btc are stored in my wallet and when i upgrade i pay directly to my upline wallet, where is the third party??

"line" that proves all of it.Did you pay registration fees in the beginning ?I've heard you gotta put 0.02 to start ? That's how they earn I guess.

i pay directly to my upper line as it is based matrix system, and u pay 0.03 for him

So basically ,someone refers you and he get's paid.For you to get paid,you have to refer someone.That is what a typical MLM looks like,bud.Please read https://en.wikipedia.org/wiki/Multi-level_marketing you will have nice insights on how these scams are making money.

maybe u are right but the only difference is that u don't have to buy or sell something, it is something like group charity to pay each other monthly

It is a Pyramid sceme. A lot of people will loose money in it.

Why you are creating so many threads on same topic in different board. Don't try to promote zarfund like pyramid ponzis all who will join them will loss. You may soon realize this, paying each other sound sustanable? who will pay the one who is lower in the pyramid?

The top guys will always have the most money. The difference between MLM and pyramid scheme is that the MLM actually has a product to market, though its methods are unorthodox and possibly unethical.

when you pay the upper level and so on this is describing a freaking Pyramid scheme which means it has a deadline which is getting closer and closer with each hour that passes. eventually this scheme like any other scam schemes will run out of fools to pay the upper level and the head of the pyramid will run away and a lot of people below will remain with a lot of money lost and not made back yet.

I won’t raise any question on authenticity of this service but as a past experience I would stay refrain from it because pyramid schemes give good returns but only who are at the top of it and that too on the cost of new members so it’s not full proof schemes which shares equal benefits among all participants. There are many alternatives where we can invest our time and get good returns. I won’t go with pyramid schemes.

Why you are pumping an old thread which is about a ponzi business. Moreover this thread the was created in a wrong section in my opinion.
You are supporting to obvious ponzi schemes, it is not at all recommended in this forum. You may go and invest into any ponzi with the own money, I do not have any concern over it, but recommending/support it is not a good approach IMHO.

Most possible you will just invest your BTC in someone and never get back, that type pyramid sites do not work nowadays. You can not get your refferals, so in fact you just invest and that's all.  ;D

Thanks for informing me, I would stay refrain from any activity which might promote ponzi scheme directly or indirectly. I really didn’t have any idea about this scheme and I keep myself refrain from investing in any pyramid scheme.

It is our own responsible to know each and every regulation of this forum for a better stay here. We should never voice in support of ponzi schemes, because that might give wrong examples to beginners and innocent new members to test them. For the success of this community, we should together fight against scam and ponzi.

Let me clarify. It's a pyramid scheme. Not necessarily warning Zarfund the money straight away, but as more and more people join, they will get greedy. The money is not 100% yours, either. You are storing it on their site.

Yes actually when this types of programs start to get lots of monthly upgrading members they can easily redirect all the payments to sites bitcoin address and notify others as they are having issue with their bitcoin payment system and they gonna release all funds to all bitcoin address where they should be sended instantly. But guess what they will run away even without exposing who run away with so much bitcoin. Better to stay away from this one which one is getting highly promoted by many people these days.

Not exactly a pyramid scheme but an MLM.Actually,if you ask anyone boosting about zarfund,they will tell you it's an MLM but one of a kind.Apparently,best MLM to invest right now,but it's fake obviously.The moment you invest your money,you're tied to ask more people to invest to double/multiply it.Stay away from these rumors as they make it look so easy to make 10 bitcoins after investing 0.02.

Those few people did make money but from other people that joined later. It is also possible they simply dummy accounts or owned by the scammers partner. Later the program will pay untill they feel like not paying here and there just to make some extra funds then pay out less and less but not too much so that people still buy in then they milk that as much as they can then run. So before the collapse they begin to straight out steal without even using the ponzi formular ( so the steal outside of the ponzi scheme ad an added bonus to line their pockets)

The people only join in this kind of investment is the people who is greed to earn easy money but sometimes its ends up of loosing money if your wise enough you will not try this for profit just do job find other ways.

A wise man must also spread awareness against this type of potential scam/ponzi to many beginners who are all usually being targeted. A ponzi always targets new and inexperienced people's greediness.

In my opinion, the ponzi schemes must be treated similar to potential scams. Because, they are not doing any actual businesses but simply circulating people's money.

Stay away if you don't want to loss money. Multi-level-marketing aka ponzi scheme and the worst one as well. You have to pay fees to unlock Level 2 referrals and so on.

Well,that's not exactly how zarfund works.I got to know the following from one of their members who was trying to convince me to join but I didn't for obvious reasons.

It starts with 0.03... that's like the minimum investment you start with.

After getting 2 referrals, you earn 0.06.

After which you spend 0.05 to upgrade to level 2.. And from Level 2... you collect more  commissions..your level increases to 3 after paying some more.Gets bigger until the day site decides to turn into a scam.All this while,your coins are in their wallet,they literally have nothing to lose.Stay away.

Yeah I was talking about this 0.05 btc to upgrade to level 2. This this is the worst ponzi ever because those old school MLM I remeber never asked for more money to upgrade to get 2nd level downline and so on.
Keep this in mind, each of your invitee has to pay 0.03 to join as well so Zarfund's admin is the winner.

I heard from a guy while chatting with him on skype he told me about that above site (ZARFUND) It just looks scammy. First they ask you to pay 0.02 right? then you share it with your friends as long as you make the downline you get %age from them. So everyone who registers under you needs to put 0.02 and that's how the company makes money and pays you but remember at the end when they get enough people on board enough money to run on they will scam and the site will be down. I have seen many sites like this before but this was the first one who accepts bitcoin and pays in bitcoin. I highly request no to put your money in risk.
Its just like ponzi scheme.