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Author Topic: MMM ponzi effects?  (Read 3449 times)
tmfp
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November 11, 2015, 08:34:08 AM
 #41

My question is, MMM has any associated with Bitcoin?

Yes, MMM Global requires a deposit payment made in Bitcoin to buy Mavros (MMM tokens) and play the give/receive game.

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November 12, 2015, 04:32:27 AM
 #42

My question is, MMM has any associated with Bitcoin?

Yes, MMM Global requires a deposit payment made in Bitcoin to buy Mavros (MMM tokens) and play the give/receive game.

MMM doesn't use Bitcoins only, they also use Bank to Bank Transfers but other MMM members don't want the Bank to Bank transaction since it will require them to go to the Bank or use a mobile app and their personal information will be known. That's why majority uses Bitcoin. There are members of MMM that uses a fake name and have multiple accounts.

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November 12, 2015, 11:12:10 AM
 #43

My question is, MMM has any associated with Bitcoin?

No more or less than any other payment method or currency, e.g. swift / sepa or dollars / rupees, is associated to MMM.

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November 12, 2015, 11:24:08 AM
 #44

My question is, MMM has any associated with Bitcoin?

Yes, MMM Global requires a deposit payment made in Bitcoin to buy Mavros (MMM tokens) and play the give/receive game.

MMM doesn't use Bitcoins only, they also use Bank to Bank Transfers but other MMM members don't want the Bank to Bank transaction since it will require them to go to the Bank or use a mobile app and their personal information will be known. That's why majority uses Bitcoin. There are members of MMM that uses a fake name and have multiple accounts.

But why did that factor alone cause the price to go so up ? Wouldn't like a LOT of money be required to drive price up alone ? Like literally so many millions for that rally up to 500 ?

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November 12, 2015, 11:24:21 AM
 #45

Bitcoin made rocket after 8/10 - after opens Gemini exchange. So, I'm sure what MMM have only collateral effect for current trend.

is MMM still paying?
automatically paid from random users, rather than central fund.
this is the strategy to scam money.

If there is a rumour about the collapse of the MMM scheme, will the players withdraw the money like a bank run? I am sure MMM is at its tipping point or not. Very interested to know the effect of a rumour.

"Pause Mode" is what happens, purely at Mavrodi's discretion, and has happened in the past. He just freezes conversion of Mavros into anything real for a fixed period of time. I have read that MMM Russia is currently "paused" until the New Year, but can't confirm it.

Where did you read that?

I can't read Russian but a Google translation might be semi-comprehensible. Everything I hear about MMM is founded on rumors, there are no sources of facts I can find. As it's based in the East it's shrouded in mystery, and I can't figure out how to get any reliable facts apart from joining it by paying the minimum possible Bitcoin fee.
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November 12, 2015, 12:08:32 PM
 #46

Bitcoin made rocket after 8/10 - after opens Gemini exchange. So, I'm sure what MMM have only collateral effect for current trend.

is MMM still paying?
automatically paid from random users, rather than central fund.
this is the strategy to scam money.

If there is a rumour about the collapse of the MMM scheme, will the players withdraw the money like a bank run? I am sure MMM is at its tipping point or not. Very interested to know the effect of a rumour.

"Pause Mode" is what happens, purely at Mavrodi's discretion, and has happened in the past. He just freezes conversion of Mavros into anything real for a fixed period of time. I have read that MMM Russia is currently "paused" until the New Year, but can't confirm it.

Where did you read that?

I can't read Russian but a Google translation might be semi-comprehensible. Everything I hear about MMM is founded on rumors, there are no sources of facts I can find. As it's based in the East it's shrouded in mystery, and I can't figure out how to get any reliable facts apart from joining it by paying the minimum possible Bitcoin fee.

If there would be a reliable facts about it then they are jeopardizing their identity. Besides being a shady entity is already a red flag and would give you a hint thats its a ponzi structure game

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MLM: Many Layers of Misery


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November 12, 2015, 01:00:47 PM
 #47

My question is, MMM has any associated with Bitcoin?

Yes, MMM Global requires a deposit payment made in Bitcoin to buy Mavros (MMM tokens) and play the give/receive game.

MMM doesn't use Bitcoins only, they also use Bank to Bank Transfers but other MMM members don't want the Bank to Bank transaction since it will require them to go to the Bank or use a mobile app and their personal information will be known. That's why majority uses Bitcoin. There are members of MMM that uses a fake name and have multiple accounts.

On MMM Global, there is only a Bitcoin option. The bank option doesn't work.





"Pause Mode" is what happens, purely at Mavrodi's discretion, and has happened in the past. He just freezes conversion of Mavros into anything real for a fixed period of time. I have read that MMM Russia is currently "paused" until the New Year, but can't confirm it.

Where did you read that?

I can't read Russian but a Google translation might be semi-comprehensible. Everything I hear about MMM is founded on rumors, there are no sources of facts I can find. As it's based in the East it's shrouded in mystery, and I can't figure out how to get any reliable facts apart from joining it by paying the minimum possible Bitcoin fee.

The you tube link is private and I can't read it but I have no reason to doubt the poster.

I don't know what they are talking about, but I'm sure they funding MMM ponzi through btcchina

https://youtu.be/7GFA5R6qkso

BTW, today founder of mmm ponzi Sergey Mavrodi declared "pause mode" (freeze withdrawals) in mmm Russia until NY.

https://youtu.be/hW3i2FKt3Wg



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Move On !!!!!!


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November 12, 2015, 02:52:13 PM
 #48

Bitcoin has survived many things and sure as hell it will survive this as well! Of course, if this is truth! There is nothing we can do to prevent things like this so there is no sense in losing our nerves about it.

If nothing, this is another use case for us, as negative as it might be!
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November 14, 2015, 11:30:18 PM
 #49

Bitcoin has survived many things and sure as hell it will survive this as well! Of course, if this is truth! There is nothing we can do to prevent things like this so there is no sense in losing our nerves about it.

If nothing, this is another use case for us, as negative as it might be!

Do you mean the use of bitcoin by MMM will ruin the reputation of bitcoin and make it less survivable? I have no worry about this. The usage of bitcoin is a very small proportion of the total bitcoin supply.
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