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Also they do not know what a ponzi scheme is.
By definition, the "New Money" that comes in to the business is use to pay the old investors for what is told to be the profits made by that business.
TBC coins is private property that is owned by the members that are bound by agreement. In no way qualifies as a ponzi scheme.
They can sale and trade their own coin as they see fit. There is no "New Money" made by TheBillionCoin. The owner of the TBC coin is the only one that makes a profit, NOT TheBillionCoin.
What is the most amazing to me is the people that claim TBC to be a ponzi scheme, do not see the "Market Exchange" as a ponzi scheme. Even though The Exchange also does not qualify as a ponzi scheme by definition, it is designed to rip people off under the guise of a Free Market Exchange. It creates Boom and Bust cycles and steals money away from those that worked hard to create it.
The resistance to change ones mind and to be open to Abundance is also based in fear. The fear that is based in denial of the fact that they are being scammed. They are in a prison that they can not see,...they only they feel trapped, and must lash out at what can bring them hope.
When TBC brings to them a simple idea that brings true Abundance, they reject it, because they do not want to face the fact they have been scammed by the system that they are say is the correct way.
I do believe in time that everyone's eyes will open, as they see the result that TBC coin has on their friends and the world around them.
.. and they join the TBC community!
Point by Point
1. No Source Code, White Paper, or Road map.
a) Source Code
b) White Paper Definition
A white paper is an authoritative report or guide that informs readers concisely about a complex issue and presents the issuing body's philosophy on the matter. It is meant to help readers understand an issue, solve a problem, or make a decision.
This is available to all members of the TBC community under the formula section of thebillioncoin.info website.
c) Road map
A Project Roadmap is a simple presentation of Project Ambitions and Project Goals alongside a timeline. A Project Roadmap is NOT the place for detailed project plans and detailed information. A Roadmap communicates all planned, high-level Project activity AT A GLANCE!
This is available as a 25 minute presentation on thebillioncoin.info website home landing page
2) Blockchain explorer
TBC explorer is the same open source explorer used for other coins and can be found at
https://insight.is
3) No it is not going to be found on any market exchange
4. Not determined by the owner, it is determined by a formula
The article says it is not FAIR the the price always goes up...
It is REALLY not FAIR that Fiat currencies always and are programed to go down in value and that is why they always crash.
You may think that the fiat currencies are going up and down because as you watch them on an exchange they appear to go up and down and you may even feel they are in generale going UP, but this is not true reflection of the the value. The truth is the fiat currencies are always losing purchaing power through inflation.
They are PROGRAMED to lose value from the first day they are printed to the day the fiat system collapses.
5. Prices going up is ponzi mechanism for you to look for new members.
Although ponzi scams do say that you are going to make some fantastic return on your investment, as I pointed out; by the definition of a ponzi scam, TBC does not take new money as an investment. In fact there is no more money being taking at all by the creator of the coin. All the stake has been sold out. Now only the people that have TBC coin are using what TBC coin they have to build the community.
6, No, there is not an open market, it is a private community. We have all agreed to a membership agreement.
The point of saying if the scheme had fallen, everyone would have worthless coin. This can be said for any coin that has been released. But TBC is not failing, in fact the number of members has been going exponentially from 1 first day.
7. Using MLM style of marketing
Defintion
Multi-level marketing (MLM), also called pyramid selling, network marketing, and referral marketing, is a controversial pyramid-shaped marketing strategy where profit is theoretically derived from two revenue streams:
1) from a sales force of a participating salesperson compensated via the direct sales generated by the salesperson, as well as
2) from the sales of other salespeople that the participating salesperson has recruited and of their recruits down the line.
No pyramid and there are no companies product that you sale and make a commission from.
There is no downline of sale people below you that are giving you commissions.
What we do have is a social networked community where we all are spreading the abundance by sharing with others, and when we bring a new member then we all benefit as one community.
8. Bad reputation in bitcointalk, rated as coin scam ponzi scheme.
Just because someone starts a tread on a website with all the miss understandings and false hoods that i have pointed out, does not give their rating any credibility.
Conclusion
He says it is a false crypto currency. but he has no evidence, just spouting falsehoods and accusations.
A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency.[1] Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created.These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems.The decentralized control is related to the use of bitcoin's blockchain transaction database in the role of a distributed ledger.
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The Billion Coin - Self Doubt To Considered Cryptocurrency
The original content of http://edukasibitcoin.com/review-thebillioncoin-skema-ponzi/
translated from Indonesian to English
Cryptocurrency has become popular today. Behind it, there are also the fraudsters are trying to seize the moment, and trying to make a profit by using the term.
One is Thebillioncoin (thebillioncoin [dot] com), or abbreviated to TB. First heard it also had to think this is the Tuberculosis TB (tuberculosis abbreviated to TBC) as it stands is more popular in Indonesia. But this one, is the name of a coin, which claims to be one of the cryptocurrency.
Of the many cryptocurrency, this one claimed its market always goes up. The course aims to attract new members. Such models are certainly too good to be true. Cradles beautiful dreams to prospective new members. Set- tling them to be able to be a millionaire in a short time. Moreover, most of the new members are people who do not understand much about cryptocurrency.
Market Cryptocurrency, must be running reasonably based on market conditions. In accordance with the adopters cryptocurrency itself assess the market at any given time. That is, there would be price rises, or falls. However TheBillioncoin claim describes marketnya always up. It was beyond reasonable.
Why TheBillionCoin Not Cryptocurrency?
1. No source code, no whitepapers, and no roadmap
2.Block eksploler dubious. You can compare yourself with blockexploler Bitcoin / litecoin at various sites. Additionally, the TBC blockexploler mentioned that he is opensource, but none sourcecode tuberculosis.
3. TBC is no on coinmarketcap.com
4. Prices always go up. It's really not fair unless it is determined by the owner of tuberculosis and not by the market. Because there is no market cryptocurrency always go up, unless the market is the market mere hoax.
5. Prices always go up it is a
[/img][/img]ponzi mechanism to do, to look for new members.
6. There is no open market. That is, at any time if this scheme had fallen, all the members will only have a worthless coin, because members can not sell the coin anywhere.
7. using style MLM (Multi Level Marketing). Starting from testimonials member, and the billionaire of their version, which many cradles new members.
8. Bad reputation in bitcointalk, rated as coin scam ponzi scheme. https://bitcointalk.org/index.php?topic=1474005.0
Of those things, it is clear that this is just a ponzi scheme TheBillioncoin just using the name of cryptocurrency. You need to be aware of this, be careful not to be fooled by this kind of false cryptocurrency.
The original content of http://edukasibitcoin.com/review-thebillioncoin-skema-ponzi/
translated from Indonesian to English
Cryptocurrency has become popular today. Behind it, there are also the fraudsters are trying to seize the moment, and trying to make a profit by using the term.
One is Thebillioncoin (thebillioncoin [dot] com), or abbreviated to TB. First heard it also had to think this is the Tuberculosis TB (tuberculosis abbreviated to TBC) as it stands is more popular in Indonesia. But this one, is the name of a coin, which claims to be one of the cryptocurrency.
Of the many cryptocurrency, this one claimed its market always goes up. The course aims to attract new members. Such models are certainly too good to be true. Cradles beautiful dreams to prospective new members. Set- tling them to be able to be a millionaire in a short time. Moreover, most of the new members are people who do not understand much about cryptocurrency.
Market Cryptocurrency, must be running reasonably based on market conditions. In accordance with the adopters cryptocurrency itself assess the market at any given time. That is, there would be price rises, or falls. However TheBillioncoin claim describes marketnya always up. It was beyond reasonable.
Why TheBillionCoin Not Cryptocurrency?
1. No source code, no whitepapers, and no roadmap
2.Block eksploler dubious. You can compare yourself with blockexploler Bitcoin / litecoin at various sites. Additionally, the TBC blockexploler mentioned that he is opensource, but none sourcecode tuberculosis.
3. TBC is no on coinmarketcap.com
4. Prices always go up. It's really not fair unless it is determined by the owner of tuberculosis and not by the market. Because there is no market cryptocurrency always go up, unless the market is the market mere hoax.
5. Prices always go up it is a
6. There is no open market. That is, at any time if this scheme had fallen, all the members will only have a worthless coin, because members can not sell the coin anywhere.
7. using style MLM (Multi Level Marketing). Starting from testimonials member, and the billionaire of their version, which many cradles new members.
8. Bad reputation in bitcointalk, rated as coin scam ponzi scheme. https://bitcointalk.org/index.php?topic=1474005.0
Of those things, it is clear that this is just a ponzi scheme TheBillioncoin just using the name of cryptocurrency. You need to be aware of this, be careful not to be fooled by this kind of false cryptocurrency.
