Crowdfunding with Bitcoin

[bitkingdallas]

[Ps. I checked with a moderator first, who suggested this would be the best place to post this message.]

Hello,

Reading the forums here, I know the replies are going to be "GTFO", "SCAM" and "Damn newbies." I'll live with those replies. Anyone who wants more information can visit the site I will mention, get my email, and ask away.

Bitcoin and Crowdfunding. Two items that are all the rage right now. I've recently joined a system that is peer to peer donations of Bitcoin. Yes, there is a small monthly administration fee that is paid directly to the owners of the platform. However, all other donations are peer to peer, and do not go through the system.

Before I go on, allow me to share the site I've created to educate people about this platform. http://www.retirewithbtc.com - I have information there including how to sign up, recent phone calls, FAQ's and more.

The idea is simple. You join the system and donate .1 BTC to the person who invited you. As more people join, and make their donation the amount you donate will go up, as will the amount you receive.

I'm not going to sit here and tell you that you'll make any amount of Bitcoin each month. Believe it or not, if you joined and did nothing, you would lose Bitcoin. It's as simple as that.

However, if you only invite 2 people to join, you recoup your initial donation, cash out of the system and never deal with it again.(Disclaimer: minus the platform fee and network fees.)

Recruting people isn't easy, and this isn't for everyone. It may not be for you. However, if you know two people who want to raise funds for anything then you should point them in the direction of http://www.retirewithbtc.com and let them decide if it's something they want to do.

Over 6000 people have joined since the site opened about 6 weeks ago. Either a lot of people are about to get scammed, or are about to receive a lot of donations. If you think people are about to receive donations, then get your .10 BTC (disclaimer: You'll want about .13 BTC with fees, etc.) ready to go and me know. My email is at the bottom of http://www.retirewithbtc.com.

-Don

FAQ's

Q) Only the people at the top will make money.
A) False. The person at the top of that particular 2x5 matrix does not get paid by when someone on their level 5 (or 4 or 3 or 2) joins. They only get paid when that person reached that donation level.

Q) Isn't this a scam?
A) Having read many of those posts here, I know 80% of the people are going to think it's a scam. All I can say to you (and to them) is that it's not. This is a system of peer to peer donations. If everyone agreed to send various amounts of money to their neighbors, and everyone did the same thing, it would be no different.

Q) What happens if I don't send my donation one month?
A) Simple. No one will send donations to you. After 30 days you'll be purged from the system and won't have to think about it again.

[Slow death]

You have created an account to make this post and you said you've asked moderators to be able to create this thread in this section, So you're new here in the forum?

How did you find this forum?

If you are convinced that the site you are posting Is cool and has nothing to hide, why you are not here in the forum to answer the questions that people will ask you? When someone believes in something (good or bad) must face people.

[bitkingdallas]

Well, I do have "Activity :1" in my profile, so yeah, I'm new. I did ask a moderator so I'd get my message in the correct forum; in hindsight I could have left that detail out.

Found the forum some time ago when looking up FPGA's and alt coin mining. Decided not to tackle that project at the time, so I didn't register.

I can see how my message might have been interpreted by some as a 'drive-by' posting. It wasn't. I'll be here to answer questions that you, or anyone else, may have.

[suchmoon]

In what way is this "crowdfunding"? Sounds like a pyramid scheme that is not funding anything.

[bitkingdallas]

Crowdfunding is by definition, “the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet.”

This article from Investopedia.com explains the tell tale signs of a Pyramid Scheme.
http://www.investopedia.com/terms/p/pyramidscheme.asp

How then, does this particular platform fall into the crowd-funding category, and not the pyramid scheme category?

Pick something that you want to raise money for. As an example part of my plan is to put more bitcoin nodes out on the internet. It's not like I'm going to put 1000 out there or anything like that, but I'm at least shooting for 100 over the next couple of years. I'm not talking AWS owned nodes, either.

When you put this into the context of this platform, I'm asking people to donate to my cause. The first people who donate would do so directly to me. The next 4 (or level 2) wouldn't donate to me until they are receiving a level/stage 2 donation. Thus if they aren't getting any donations at level 2, then I'm not going to get any donations from them. In a typical scheme, I would get money from my second level the moment they join.

In this system, I (or anyone else) wouldn't get a donation from my second level until they themsevles were in a position to get a level 2 donation. To quote from the Investopedia article, "Generally, only the people near the top of the pyramid make any significant profits, and people near the bottom never recover their investments."

Let's take another example. A quick glimpse of GoFundMe shows a lot of fund raisers for unexpected medical bills, home repairs and the like. While you donation to those causes could give you the warm fuzzies, you won't get much else out of it.  With a crowd funding campaign on this platform the people who donate to you would also be receiving donations from others.

Yes, it's possible for those 'at the top' to make more in donations than those at the bottom. However, anyone who participates has the same donation potential as anyone else. The only reason someone at the top might receive more donations is that they recruited more people. If you fill out your entire donation matrix, and the person above you (or two levels, three levels, etc.) does not, then you would earn more donations than them. Thus it's possible for those 'at the bottom' to receive more donations that those at the top.

I said it in my original post, this isn't for everyone. In fact, if you don't plan on doing anything I personally wouldn't want you donating to me (or anyone else in my donation matrix. I think everyone here knows where the 'experts' predict the value of Bitcoin will be by the end of the year, and beyond.  Like others, I'm doing what I can acquire more Bitcoin. I've been scammed before, as I'm sure many others have. When I looked at this and realized my donations go directly to the person, and not the company, I was intrigued. When I realized that the only way those higher than me get donations from me is that I get higher amounts of donations, then I was sold.

I know of lawyers and doctors that have joined the program. I know people who claim to have 'a lot' of Bitcoin join because they want more. I know people who have relatively small incomes (by comparison to some) 

[suchmoon]

Crowdfunding is by definition, “the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet.”

This article from Investopedia.com explains the tell tale signs of a Pyramid Scheme.
http://www.investopedia.com/terms/p/pyramidscheme.asp

How then, does this particular platform fall into the crowd-funding category, and not the pyramid scheme category?

Pick something that you want to raise money for. As an example part of my plan is to put more bitcoin nodes out on the internet. It's not like I'm going to put 1000 out there or anything like that, but I'm at least shooting for 100 over the next couple of years. I'm not talking AWS owned nodes, either.

When you put this into the context of this platform, I'm asking people to donate to my cause. The first people who donate would do so directly to me. The next 4 (or level 2) wouldn't donate to me until they are receiving a level/stage 2 donation. Thus if they aren't getting any donations at level 2, then I'm not going to get any donations from them. In a typical scheme, I would get money from my second level the moment they join.

In this system, I (or anyone else) wouldn't get a donation from my second level until they themsevles were in a position to get a level 2 donation. To quote from the Investopedia article, "Generally, only the people near the top of the pyramid make any significant profits, and people near the bottom never recover their investments."

Let's take another example. A quick glimpse of GoFundMe shows a lot of fund raisers for unexpected medical bills, home repairs and the like. While you donation to those causes could give you the warm fuzzies, you won't get much else out of it.  With a crowd funding campaign on this platform the people who donate to you would also be receiving donations from others.

Yes, it's possible for those 'at the top' to make more in donations than those at the bottom. However, anyone who participates has the same donation potential as anyone else. The only reason someone at the top might receive more donations is that they recruited more people. If you fill out your entire donation matrix, and the person above you (or two levels, three levels, etc.) does not, then you would earn more donations than them. Thus it's possible for those 'at the bottom' to receive more donations that those at the top.

I said it in my original post, this isn't for everyone. In fact, if you don't plan on doing anything I personally wouldn't want you donating to me (or anyone else in my donation matrix. I think everyone here knows where the 'experts' predict the value of Bitcoin will be by the end of the year, and beyond.  Like others, I'm doing what I can acquire more Bitcoin. I've been scammed before, as I'm sure many others have. When I looked at this and realized my donations go directly to the person, and not the company, I was intrigued. When I realized that the only way those higher than me get donations from me is that I get higher amounts of donations, then I was sold.

I know of lawyers and doctors that have joined the program. I know people who claim to have 'a lot' of Bitcoin join because they want more. I know people who have relatively small incomes (by comparison to some) 

So you're basically saying if you replace old pyramid scam buzzwords with new ones ("crowdfunding") it makes it less of a scam?

Come on. It's still a pyramid. Most people near the bottom will never get their money back, no matter how you try to twist it. And you're promoting it just like many other scams on this forum:

"Learn how single one time donation could yield a 1500% return each month."

This is only possible if most "investors" lose their money.

[Starlightbreaker]

This is a TYPICAL MMM crap scheme.
Matrix, crownfunding, "a hole on the system" and other bulls**t and false words, just to deceive ppl.

https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company)
https://barenakedscam.com/mmm-global
http://siliconangle.com/blog/2016/02/29/everything-you-need-to-know-about-the-mmm-bitcoin-scam/

One thing and all of these garbage will vanish: STOP BEING GREEDY

@op: Gtfo from here noob!

[bitkingdallas]

Thank you, all, for making me realize that I was forgetting something.

These are, in fact, monthly donations. I'll be working to make that a little clearer on my site.

As I've stated before, and make no bones about, if you don't recruit at least one person you would lose your money. However, if you only recruited one person, ever, then you would be getting a donation every single month from that person who donated to you. (Yes, assuming they continue to donate.) This is by far from a one time deal where everything is out of your control. You control when you make a donation, and when you don't. If you don't donate to others, then the system will instruct those who were donating to you to skip you.

Again, I'm here to tell you a person could lose money if they joined and did nothing. I'll never hide that fact, neither here, on a webinar, phone or face to face. However, if you join, make a donation, and have two people donating to you, then you will come out ahead the first month. If you only have one person donate to you, you'll break even. (And if that person sticks around, you'd get that donation each month.)

suchmoon, There are no investors. Just people making a monthly donation to someone else.

Sorry, Starlightbreaker, I can't GTFO now. I did tell Slow death that I'd be here to answer questions.

By the way, if anyone wants to call me and ask questions, just shoot me a message. I'll send over my number so you can call.

[suchmoon]

suchmoon, There are no investors. Just people making a monthly donation to someone else.

You're in "Investor-based games".

[bitkingdallas]

You're in "Investor-based games".

I know. It was suggested this would be the best place to post it. If a moderator feels the need to move it, I won't complain (nor would it matter.)