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Author Topic: A LYIP Possible Ponzi but please give me your thoughts if you would be so kind.  (Read 806 times)
BlueYozakuraBTC (OP)
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September 23, 2015, 03:27:48 PM
Last edit: September 24, 2015, 09:08:21 PM by BlueYozakuraBTC
 #1

No longer applicable. Thanks again Smiley

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BlueYozakuraBTC (OP)
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September 23, 2015, 05:44:26 PM
Last edit: September 24, 2015, 09:08:35 PM by BlueYozakuraBTC
 #2

No longer applicable.

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Sphere .
  DECENTRALIZED SOCIAL NETWORK 
         OVER 250,000 HAVE JOINED!
.
.
ICO DATE 
Feb. 12, 2018
.
.
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September 23, 2015, 06:12:50 PM
 #3

You didn't even put a site URL, and what does "LYIP" mean? Maybe you wanted to say HYIP lol
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September 23, 2015, 06:17:05 PM
 #4

You didn't even put a site URL, and what does "LYIP" mean? Maybe you wanted to say HYIP lol

I use often LYIP when I talk about my investment site.
I do not understand why you "lol"

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September 23, 2015, 06:52:19 PM
 #5

You didn't even put a site URL, and what does "LYIP" mean? Maybe you wanted to say HYIP lol

I put L instead of H because it's Low instead of High. $1 doesn't really buy much in the U.S. but it will be the most you'll have to put in to start. Everyone starts at the $1. and upgrades as a team.

I'm still curious as to the thoughts about this positive or negative.

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Sphere .
  DECENTRALIZED SOCIAL NETWORK 
         OVER 250,000 HAVE JOINED!
.
.
ICO DATE 
Feb. 12, 2018
.
.
███
███████░
███████████
██████████████░
██████████████████
█████████████████████░
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.
GET IT ON
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.
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September 23, 2015, 06:59:41 PM
 #6

It seems like a lot of work. Forming a team, communicating about next levels etc.

I guess a lot of players just want to drop some coin in and wait until something drops out at the other side.

edit:

I wouldn't say doubling your coin is low yield. it is about percentages not the initial deposits
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September 23, 2015, 09:45:08 PM
 #7

Ok so I joined :

RIIAB Feeder Matrix – A Top of the Line Internet Marketing Opportunity
<snip>
Would anyone join this and if not why?


Residual Income In A Box (RIIAB) is what is known as a 'cash gifting' scheme.
It has no products, no business for its affiliate members to do other than selling affiliate membership, and the person they sell it to sells it to....
Think about that at the same time as you think about making money from it.
Where does that money come from?

How can no-one lose?

Of course, that's impossible.
If no product is being sold, no value added, then every profit is someone's loss.
The losses occur when new people stop joining and the matrix grinds to a halt, stopping payments between participants.
The organizer of the scheme then exits with the money trapped in the matrix positions.

It's a scam and by falling for the "it's only a dollar" line, you actively help keep serial scammers like Randy Garard in hookers and blow.
Don't do it, have some self respect.

Extraordinary Claims require Extraordinary Evidence
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September 24, 2015, 12:55:38 AM
 #8

Ok so I joined :

RIIAB Feeder Matrix – A Top of the Line Internet Marketing Opportunity
<snip>
Would anyone join this and if not why?


Residual Income In A Box (RIIAB) is what is known as a 'cash gifting' scheme.
It has no products, no business for its affiliate members to do other than selling affiliate membership, and the person they sell it to sells it to....
Think about that at the same time as you think about making money from it.
Where does that money come from?

How can no-one lose?

Of course, that's impossible.
If no product is being sold, no value added, then every profit is someone's loss.
The losses occur when new people stop joining and the matrix grinds to a halt, stopping payments between participants.
The organizer of the scheme then exits with the money trapped in the matrix positions.

It's a scam and by falling for the "it's only a dollar" line, you actively help keep serial scammers like Randy Garard in hookers and blow.
Don't do it, have some self respect.

Well explained and i couldn't agree more. It's a branched out ponzi instead of the regular pyramid one.
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September 24, 2015, 01:03:10 AM
 #9

You are buying air, be carefull.

Don't bring to bitcointalk your shitty scams. I'll try them and tell the truth.
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September 24, 2015, 05:24:09 AM
Last edit: September 24, 2015, 09:07:57 PM by BlueYozakuraBTC
 #10

No longer applicable.




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September 24, 2015, 09:39:53 AM
 #11

If this scheme stopped dead in its tracks now, who would benefit most and who would lose out?
Those that benefit would be at the top of the matrix, i.e. the promoter and associates, that's where the upline money eventually ends up.
Who would lose out? Depending on the size of the scam, hundreds or thousands of $1 wannabes who make up the bottom tier of the 'matrix' or by its real name, the pyramid.

My "self respect" comment wasn't meant as a personal cheap shot at you, but in a wider sense, so if you'll forgive me, a bit of context.
We need money so that we can support ourselves in a society that uses it as a medium of exchange. The theory goes, you do or make something of wider benefit and are rewarded with fiat tokens, which you spend on stuff you need.
This started when humans began cooperating and trading with each other, in the common good i.e. where both parties to a deal derived benefit.
This is called civilization.
We no longer needed to prey on the weak, because we could derive personal benefit from mutually beneficial activity, essentially differentiating ourselves from animals and the predator/prey relationship.
Civilization has brought huge pluses, allowed the development of the most beautiful things in life, like art, literature and music, as well as enabling members at all levels of capability to find safety and a chance of happiness.

Ponzi schemes and similar scams return us to the jungle. We only look after Number One, seeking advancement from a direct cost to another human.

You seem like an intelligent, young? guy who can contribute to society as well as reap rewards from it (as you do every day in countless small ways).
There is nothing more satisfying than working hard at something which you also take pleasure from doing, in creating something of relevance and value that enhances other people's lives as well as your own. And getting paid for it. Smiley

Get rich quick scams and schemes eat huge amounts of energy and time but create nothing but a transient personal benefit at someone else's cost.
And it's not just a dollar that's lost, the fabric of our society is minutely damaged every time lies succeed, we become more atomized, less trusting, and everyone loses in the long term.

I'm aware that this philosophy is outmoded in these libertarian days of "greed is good" and dog eat dog, but that's how I see it.

Apologies if this comes across as a lecture, it is not meant to be, just a summary of how I see these damaging schemes, as a considerably older and maybe a tiny bit wiser contributor than some on here.

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September 24, 2015, 01:07:05 PM
Last edit: September 24, 2015, 09:07:39 PM by BlueYozakuraBTC
 #12

No longer applicable.

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September 24, 2015, 01:16:04 PM
Last edit: September 24, 2015, 09:09:01 PM by BlueYozakuraBTC
 #13

You didn't even put a site URL, and what does "LYIP" mean? Maybe you wanted to say HYIP lol

It no longer matters.

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September 24, 2015, 03:38:43 PM
Last edit: September 24, 2015, 09:07:20 PM by BlueYozakuraBTC
 #14

No longer applicable.

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September 24, 2015, 07:01:08 PM
Last edit: September 24, 2015, 09:07:00 PM by BlueYozakuraBTC
 #15

Actually I've decided to just move on from online anything to do with btc sites for awhile maybe I'll return to this btc thing in 2yrs but currently it doesn't really serve a purpose for me. I'm a woman btw

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Sphere .
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ICO DATE 
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September 24, 2015, 11:42:03 PM
 #16

You didn't even put a site URL, and what does "LYIP" mean? Maybe you wanted to say HYIP lol

I use often LYIP when I talk about my investment site.
I do not understand why you "lol"

Even though I imagined he probably meant "low-yield.." I still thought it was a I mistake, anyhow "lol" was more something like  Shocked
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September 24, 2015, 11:55:03 PM
 #17

Even though I imagined he probably meant "low-yield.." I still thought it was a I mistake, anyhow "lol" was more something like  Shocked

Hello, my friend! Why you ignore me all time? Let's forget all past grievances and will try to start with a clean slate.
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