Bitcoin Forum

Hello everyone!

I want to introduce this great Multi-Level Marketing network : refBitcoin.com

Features :
Free to join and earn from upgraded referrals! (free users earn %1 only)
Upgrade to earn %80 of your upgraded referrals!
5 Levels available to upgrade : 0.01 btc to 4 btc!

You earn %80 = 3.2 btc from each level 5 referral !!
and less from lower levels upgraded referrals.

AND ONE MORE THING :
You will earn %20 from referrals (good for free ones who not upgrade to any level) by using 1000 satoshi daily faucet!

network url (without referral) :
http://refbitcoin.com

send me PM to get my referral url  ;)
or you can put me as referrer : donaldcoin

Thank you!

UPDATE :
sorry because some forum members here think site is scam and give me bad vote, i hope next times they understand how site works and then they can say if it's scam or not..
refBitcoin is NOT scam. refBitcoin is taking %20 commission and it's enough, why it could be scam??
However, if you worry or feel risk don't join it, or use it for free (free members still has little earning).

Is the payment instant like in same time when user pay with bitcoin to upgrade commision is paid in our addressess. And isnt this announcement threador you are just trying to get referal? Is that your site? ???

actually i'm friend with admin with level 5 on this network.
you can ask for any help if needed.

commission will be added instantly to your account balance.
you may use commission for upgrade to higher level or for withdraw as well.

you can view each referral level by listing your referrals and see their details.

Regards

 So,Upgrade to level 1 cost : 0.01 btc ?

what a great snowball pyramid .D
but this should be in the investment forum ? or iam wrong ?
itsnt it investment can i use it free ?


kind regards

It's not free as described on the page. It cost 0.01 BTC.
This should goes to the investment site because it is connected with risk.

you can use site for free but you will earn %1 only from upgraded referrals.
you have to upgrade to earn %80 instead of %1  ;)

i got 0.056 btc from 7 upgraded referrals within 24 hours !

http://oi64.tinypic.com/6td6yo.jpg

going to buy level 2 now  :D

Forgive and correct me if I'm wrong, but from what I can tell, isn't this a ponzi? Investors pay to get a higher level as well as a higher percentage from their referrals, who, in turn, pay money to get a percentage from their referrals. This translates to old investors getting money from new investors (referrals), from what I understand.

you get paid when referrals invest.

you should get 2 referrals invest to cover %160 of what you paid for.

you will have %80 from each referral invest, and %20 is going to site/ system fees.

Correct me wrong, because I am not an expert. But isn't that the method Ponzi scheme is conducted usually?
You have to tell someone to invest for you so the pyramid keep going. What is difference here?

Yes its definitely a ponzi and the thread shouldn't belong in this section

It's like a pyramiding style. If no member will take the upgrade, it will collapse. The site mainly rely on upgrades and not on the ads.

thanks for interesting!

Why there is no PONZI WARNING in this thread ? imo MLM without product is worst kind of ponzi

This would have been a gold pot but it entirely depend on other people investment and from the admin is like the money is just one time payment.

MLM without product, so the sht mainly depends on suckers, 'investor''s money, and the thread is asking for referral in a way.
Wow, and the thread is still alive here.

Good Job cryptodevil, Im waiting for your post :)

being involved in ponzi game it not a reason to give red trust, it's nothing illegal and everyone involved knows how ponzi schemes works, it's like gambling so please remove your feedback. thanks!

one question tickles in my mind.
How do you earn??
That's huge amount of Btc to be paid.

i don't know why they give me bad feedback too..

site really paying, if anyone not interesting with it i don't ask anyone to invest while it has free membership too, but why some people here give us red feedback ?  ???

we get paid only when referrals upgrade..

referral pay 0.01 btc, we earn 0.008 btc and site take 0.002 btc..

site owner not paying from his pocket, he pay when referrals invest only. do you understand ??

where is the problem if all are making money ??

yeah this cryptodevil user has some issues, look at the list of feedbacks https://bitcointalk.org/index.php?action=profile;u=224980 (https://bitcointalk.org/index.php?action=profile;u=224980) he is giving to other people, acting like he is some kind of cop, should be banned for life from this forum.

This depends on the jurisdiction where you live, but it may well be. (https://bitcointalk.org/index.php?topic=1382239.msg14065836#msg14065836)

That's a lie and you know it.

This is somewhat true, though gambling sites are usually a lot more transparent than Ponzi schemes in how they operate. Therefore, it isn't a very good comparison.

For trying to protect people from scams? No. It tends to only be those trying to be dishonest and push said schemes to unsuspecting users that say things like this.

@minifrij

do you understand how site works?

if you understand it you will know if it's scam or not.
you can't say to anything it's scam before you be sure or study site well.. you should give reasons why you say it's scam?

and why site will be scam if it takes %20 commission and we (uplines) get %80 ?

http://refbitcoin.com/templates/aurblue/images/home.png?a

both site and uplines will get profits, and downline can be upline too in the same way and they get profits from their referrals, and so on..
where is the scam if site takes %20 commission??

i can show proof that site is paying, but looks you don't understand site and even not tried it, and you think yourself is smart if you simply say something is scam while it's not..

I do understand how your site works, which is why I didn't call it a scam. freedoge.co was talking generally about Ponzi schemes, therefore I responded with the facts about Ponzi schemes in general.

I don't appreciate you putting words in my mouth and insulting my intelligence because of it. I never said your site was a scam, I said that Ponzis in general were scams.
Please don't do that.

i won't argue with you or discuss ponzi schemes. The fact is that this game has very transparent rules about affiliate commissions, it's very basic game where you need only 2 referrals to profit, so unless the admin doesn't pay this game is legit. Based on that i'm going to leave negative feedback to cryptodevil "cop" guy for false accusations based on no facts without doing proper research. Someone must stop this scam obsessed individual, so if you are honest and neutral, you must admit that cryptodevil made a huge mistake.

Like I said on the first page. This page is connected with risks.
It is the brother of the ponzi system and called pyramid system or snowballing.

The risk, if you join in two weeks and promote for such sites. You won't get a single refer because almost everybody signed up and the 0.01 BTC you paid is useless.
You won't earn it back and if you want a refund you won't get it back because 0.008 BTC went to the person who referred you and the 0.002 BTC went to the owner.

Multi-Level-Marketing is illegal in some countries.

I found a table and translated it. It may include translate errors.

https://i.imgur.com/NaJP1yO.png

More information: https://en.wikipedia.org/wiki/Pyramid_scheme (https://en.wikipedia.org/wiki/Pyramid_scheme)

yeah so as gambling is illegal in some countries, and every casino game has it's rules, gamblers are warned and agree to play. There is nothing shady about this game, it has trnsparen rules and it's 100% comparable to any gambling game involving the risk of losing money.

i'm just going to ignore the cryptodevil, and leave him with his own stupidity. The red trust he gave me was unfair, but arguing with such kind of people is worthless.

@cryptodevil go on and paste your red bs on every gambling thread, "you have been warned, you may loose your money" -i'm here to save you i'm the cyber cop ;D

hey felicita, guess what? The cryptodevil retard gave you red trust anyway ;D omg such looser

Steve_Tou (https://bitcointalk.org/index.php?action=profile;u=567279) is most likely his alt account, giving same text for red trust feedback what an a-hole this guy ;D

I think MLM's are a very fine line between Ponzi and Pyramid schemes. Although I don't endorse cryptodevil's message here in this thread, I think members who upgrade here need to understand that the ONLY way they can make any kind of earnings here (besides the daily faucet) is if they refer other members.

Unfortunately, I believe the MLM's without physical products are considered pyramids, which in itself is almost a full-out ponzi. Crypto is just doing his part in warning others about the potential loss of bitcoin here... But being such a fine line between this and a ponzi, I don't feel like people who join this should get a red trust.

In no way do I endorse this, but users should know what they're getting into before they upgrade on this site.

biggest fuckign scam ive ever heard of go fuck yourselves you stupid niggers

i don't understand why you call it a scam , someone invest 0,01 btc , site takes 20% and pays 80% to the upline , there's no doubling or trading or whatever . You pay 0,01 btc and he distributes 0,01 btc , it's simple , i like it .