http://www.newsbtc.com/2016/04/13/south-african-mmm-global-victims-unveil-ponzi-scheme-tactics/

South African MMM Global Victims Unveil Ponzi Scheme Tactics

MMM Global was a very risky investment from the start, and some of its users will try to convince other people to invest by showing the money they have received so far.

Now that the Bitcoin experiment held by the MMM Global company is coming to an end, there is a massive outpouring of user opinions on how this platform operated. As was to be expected, some people are happy with their experience, whereas others have lost a lot of funds. Especially in South Africa, there seem to be very mixed feelings.

South African Responses to MMM Global Collapse

In this day and age of social media and global communication, making one’s voice be heard became a lot easier than it was a few decades ago. The closure of the MMM Global Republic of Bitcoin is causing a lot of dismay and annoyance among the South African population, as many of them are or were invested in this Ponzi scheme.

One Twitter user makes a mention of how his wife invested RS15,000 in MMM Global back in 2013 but never saw any money back from the company. During that period, the MLM program was offering a Mega Share incentive, which later on evolved into the Mavro offering, for which users had to complete one daily task on social media to “spread the word about MMM and how it changed their lives”.

Most people are well aware of how MMM Global managed to stay in business for so long, as there are plenty of accounts to be found of people who received their money back, and some even made a small profit. That is one of the risk factors of a Ponzi scheme: as long as new funds keep flowing on, early adopters will get paid.

South Africa was a breeding ground for MMM Global apparently, as plenty of people were involved in the scheme. One person discredited all claims of individuals putting in several hundred of thousands ZAR – worth close to US$40,000 – in one transaction, as the system never allowed for doing so. Granted, it was possible to do through several transactions on the same account, though, and there is a very real chance lots of people have lost a lot of money.

There are always individuals who keep getting paid out while others are struggling to make a return. MMM Global was a precarious investment from the start, and some of its users will try to convince other people to invest by showing the money they have received so far. This is not uncommon, as a similar strategy is taking place by OneCoin holders, who will try to lure in unsuspecting investors as well.

Since the shutdown, an investigation by the National Consumer Commission is underway. MMM Global is just one of the nine companies currently being scrutinized, as there are claims these companies are a pyramid scheme. Not too long ago, the investigation was taken over by the South African Police Service’s Specialized Commercial Crimes Unit.

If ALL your coins are staking, then ofcourse you cannot be able to send your coins, you just have to lock your wallet and wait for the coins to finished staking them be able to send some coins you need.

Well you are lucky if you started immediately mining and got a lot of coins after that, if you are having too much on your hand, my wallet is always here free to accept

EZ3kjmUFFZuT92QPP1kPVogbaEyYThnMh1 

Thanks 

Maybe someone can compile this for 64bit windows? Thanks

If you took part on the ICO and bought some bitsupra, you should received some bitspa too, try to email or PM the devs/team and request for your bitspa share.

Diwata-1 builder hits DOST for lack of compensation

MANILA, Philippines – Trouble seems to be brewing at the Department of Science & Technology (DOST)’s microsatellite project – not with Diwata-1 that has been successfully transported to the International Space Station, but with the group of Filipino engineers now in Japan building Diwata-2.

One of the nine engineers and scientists in Japan’s Tohoku University and Hokkaido University, Juan Paolo Espiritu, came out on social media last Friday to make public the predicament of members of the group over their lack of compensation and acknowledgment for their efforts in building microsatellites for the country.

In his Facebook post, Espiritu, 23, a graduate of electronics and communications engineering from the University of the Philippines’ Diliman campus, bared that they have worked on Diwata-1 and are now working on Diwata-2 without employment contracts that officially designated them as engineers and laying down their compensation for working on microsatellites.

He claimed the DOST was only recognizing them as “students” on government scholarships to earn graduate degrees – MS in Aerospace Engineering in Tohoku University and MS in Mechanical and Space Engineering and Cosmosciences from Hokkaido University – while at the same time joining the microsatellite building program and working on the actual design, fabrication and assembly of the Diwata microsatellites.

Of nine Filipino engineers sent by the DOST to Japan as scholars-microsatellite builders, seven are mainly scholars and are not employed by the DOST as engineers. They are Espiritu, Ariston Gonzalez, Julian Marvick Oliveros, John Leur Labrador; Kaye Kristine Vergel and Benjamin Jonah Magallon.

Two others, Gerwin Guba and Harold Bryan Paler, deployed sometime last year, were engineers of the DOST’s Advanced Science and Technology Institute assigned as senior science research specialists.

Espiritu, Gonzalez, Oliveros, Labrador, Guba and Paler are in Tohoku University; Magallon, Mitchao and Vergel are at Hokkaido University.

“They call us ‘students,’ yet normal students go in at 9 a.m. and leave at 5 p.m. Normal students attend class all the time. Normal students are almost finished on their individual thesis projects. Normal students have personal time on the weekends. Normal students enjoy holidays. But no. We are not just students. We go in at 9 a.m. and leave at 1 a.m. Most of the days, we have no choice but to skip our classes to work on the microsatellite. We have no chance to work on our thesis projects. We go to the lab on Saturdays. We go to the lab on Sundays. We go to the lab on holidays. We go to the lab during Christmas. So no. We are not just students,” Espiritu said.

Espiritu said that a contract they signed with DOST had only stated that they were government scholars who are to pursue space technology-related masteral courses at the two prestigious Japanese universities, but did not officially recognize them as engineers working on the microsatellites.

“All the contract entailed was for us to receive a scholarship to study Aerospace Engineering in exchange for years of return service. Of course to build the satellite, we would have to study the technology behind it, and so we expected that the scholarship was a given part of the project. But according to the contract, that was it. Nothing more followed. According to the contract, we are to build the satellite without pay, with four years of return service. On paper, we were just students. On paper, we weren’t part of the project. On paper, we were not engineers,” Espiritu said.

Espiritu said that before signing this unsatisfactory contract, they had tried to get a revised one with the DOST, citing the silence on their recognition as engineers and also on their compensation as engineers.

“But instead, we were given a promise – a promise that a more suitable contract will be made, stating our clear involvement and responsibilities for the project and, most importantly, our rights as engineers. In their words, ‘take it in good faith, that you will be taken care of.’ As we had high respect and trust for DOST and the leaders of the project, we agreed to sign the papers, thinking that this mission of building the satellite is above any of us,” Espiritu said.

Espiritu said that their shabby treatment was more humiliating when they see DOST officials and officers making regular expensive visits to Japan, apparently with no worries over expenses and salary, and service bonds.

“It just really baffles me, how DOST can afford all these visits, the airfare, the accommodation and the fancy food, but when it comes to the engineers, merely staying in Japan to work on the microsatellite is taken against them, with the 7-year service bond (three more added to the original four). This PHL-MICROSAT project is a billion-peso project, and despite being an engineering project, the engineers aren’t included in the project,” Espiritu said.

Diwata-1 was successfully transported to the International Space Station last March 23 with the successful launch of an Orbital ATK Cygnus spacecraft and its reaching the ISS.

This April, Diwata-1 is set to be deployed into orbit from ISS.

Carlos Primo David, executive director of the DOST’s Philippine Council for Industry, Energy and Emerging Technology, said they will issue an official statement regarding Espiritu’s complaint today.

http://www.philstar.com/headlines/2016/04/04/1569226/diwata-1-builder-hits-dost-lack-compensation

Marami naman sigurong uutang sir, kung talagang kailangan di ba? Mas maganda na ang nasa safe side, ganda pa naman opportunities ngayon, baka biglang magboom ang BTC, dami ngayong naghihintay sa biglang pagakyat ng BTC since halata naman kase biglang sabay sabay nagsibagsakan ang prices ng mga altcoins, just look at ETH grabe ang binaba eh wala pa sa $430 trading ang BTC.

Tol, ano ng balita dito? naibalik na ba coins mo?

And you will be missing the opportunity to increase your coins in your wallet by staking, if you will just leave them on the exchange.

Any available NODE? wallet is not syncing

Will be watching here..

Already twitted : https://twitter.com/bitwarriorX/status/719440464860938240

Official Announcement Page is here:

https://bitcointalk.org/index.php?topic=1434700.msg14510324#msg14510324

I dont think so, they have been hacked before but they did pay back what was taken out from their customers, what is happening now is a constant DDOSing which is kind of related to ETH trading.

Sir Dabs, wala pa rin akong Espers eh, waiting mode din ako, pero sinabihan ko na siya about your request

To have a proper working VOX Block explorer is a huge necessity now for this coin, its a form of transparency , I doubt that Poloniex will add VOX on their exchange unless this will be resolved. I mean come on, a copycat coin like DarkLisk could easily make a better Block explorer, and VOX with its sponsors and Investor's money could NOT?

http://www.rainz.xyz/chainz/disk/

Come on VOX, you need to step up and show some real value.

Hi guys, starting at 0100H UTC, nag undergo ng maintenance ang Poloniex.com, and now after an hour, the site cannot be accessed, nagtwit naman sila na they are handling the issue. Ang point ko lang baka may nagtry maghack sa exchange and they are doing some remedies for  that, sana di naman.

https://twitter.com/Poloniex/status/719709187765354498

Mukhang di pa nila naupdate dun yung list nila, di ko masasagot yung 1st question mo, tignan na lang natin ang susunod na chapter

Waiting mode na lang muna tayo, nakausap ko yung Dev nila, magpopost din sila dito sa forum, may tinatapos lang ng mga ibang bagay before officially posting.

Buti naman Sir Dabs at na BAN na rin yung account na yun, di ko napansin na ganun pala. Thanks for the update

Hi guys, we have a new coin here where in there is no ICO, they are willing to distribute 20% of the premine to those who will support it. Just follow the link :
http://bitcoingarden.tk/forum/index.php?topic=7403.msg110646#msg110646

Secure Emailing System
Proof-of-Reliability
Chain-to-Chain Interfacing
Unique Blockchain Migration
Manageable Sidechains
Voting
Web on Blockchain (Site hosting on the Chain)
Lite-Chain
Unique Auto-Generated Config
Auto-Updating
... and much, much more

Reverse-ICO: Simply put WE HATE SCAMS... so this is the opposite! We are giving away the first 20% of Espers in an effort to stimulate interest in the project and have users be able to get in on a project for no cost PERIOD.

The way this will work is very simple: The 20% generated for the Reverse-ICO will be available for everyone to get a piece of by tweeting about this project or posting in some form of social media, that's all we ask! (Proof is Required)
At the end of a week (April, 18th, 2016) the amount will be divided between all who participate in the giveaway.