what you have described is a pyramid scheme - NOT an mlm ...
multi-level-marketing systems ( note - systems NOT schemes ) actually work and ARE legal all over the world ...
Thank you for correcting me, I've said that this looked like a pyramid scheme many times before in this thread and you're the first to correct me.
However I'm struggling to see what the actual difference is (apart form the name and maybe how it's documented). This isn't helped when lots of the standard documentation seems to suggest they're both very similar. For instance the first paragraph on
https://en.wikipedia.org/wiki/Multi-level_marketingMulti-level marketing (MLM), also called pyramid selling,[1][2][3][4] network marketing,[3][5][6] and referral marketing,[7] is a controversial pyramid-shaped marketing strategy where profit is theoretically derived from two revenue streams: from a sales force of a participating salesperson compensated via the direct sales generated by the salesperson, as well as from the sales of other salespeople that the participating salesperson has recruited and of their recruits down the line.
Even my quote above from the RBI seems to link both MLM and Pyramid selling together!
It seems that both MLM and the illegal pyramid schemes share a lot of things in common and very few differences (mostly in terms of what's being sold). From what I understand of how uniquebtc was setup I think the majority of my description is probably still correct whatever name you put on it.
we ( cwi ) have been working with steven for a while now - and have adopted him as one of our own - because of the skill and honesty and transparency as well as the integrity he brings to the table ... a few of the many traits we work with on a daily basis - and will continue to seek those who hold these traits to work with ... bringing a better 'system' so that 'schemes' are not as easily accepted ...
thats my 7btc worth ...
I'm aware of who you are and your involvement. One of the initial concerns (which was corrected relatively quickly) was that uniquebtc appeared to be linked directly to EGC and Steven (which is isn't) and how that it looked suspicious.
I believe that this wasn't meant to be a scam, unfortunately however that's how its come across. I think at least some of that has come from raised emotions from all sides when responding and the various language barriers we have.
I shall go and read some more on the differences between MLM and the various scams.
I'm with Gizfreak, all opinions should be in EGC
thats my 2EGC at least.
all good mate ...
you are a respected member of teh community here - and in others ... i too know who you are - and understand you mean no harm ... you base most of your decisions and opinions on fact - with some emotion thrown in for good measure ... after all - what are we without an emotional connection ...
the main difference ( and also why it is LEGAL all over the world ) is that an mlm allows its corresponding recruits to make more money and become further entrenched ( and as such make eevn more money ) than the person that introduced them ... unlike a pyramid 'scheme' where ONLY the people 'above' you can make more money than you - and the only way to make money is to recruit others to screw them out of their cash ...
most mlms actually sell products and services ... pyramids sell the scheme and filter cash through it ... hence why pyramid schemes are illegal ... its a form of gambling ...
the mlm that this group is pushing is their way of making money - and unless its a professional setup - then this setup can go nowhere except conjure images of 'scams' and 'ripoffs' - even though they 'may' not be ... i have not looked into it - as i have no interest in it ... BUT - the system MUST be professionally setup for someone like me to even look at it ...
this system is about btc / money - whether invested by this group or not ... it is NOT about egc and the projects' goals and focus ... so again - i am not interested in it ... there are MANY other btc driven coins out there to play with and make huge amounts of money from ... eth - zec - dcr - and many many others ...
egc is an ecologically based coin - and the project itself is driven by the need ( and want ) to support our ecology and environment ...
again mate - i have not followed what uniquebtc is doing ... but for those in the 'group from india' that have invested large sums of btc into egc - it seems that its ALL about the btc return and not the egc project itself ... if that is the case - it is understandable WHY the return is more important than the project itself - but doesnt make it a good thing in my opinion ...
if the focus IS egc - then ANY and ALL investements ( whether btc or time or effort ) is worth it - and worth the risk of 'losing' it for the benefit of the project ...
mlm or not - one should ALWAYS be aware of the pitfalls - even in legit businesses - and be aware that and decision that is made one way or another - has consequences ...
egc is a good coin - a good project - has a good community - and a good team behind it ... thats all that matters to us ...
if a business model it to be structured for it - whether mlm or not - then egc as a whole will benefit from a good solid foundation of a business model ...
EVERYONE deserves to succeed - its jut HOW you do it ... this project along with many others that are honest and forthright - will suffer in the beginning ... we do not scam or rip anyone or any business off to make the btc / cashflow to support the projects we take on - like many of the 'devs' out there that create these types of coins and disappear ...
nup - we are here for the long haul - and with steven as the sole / lead for 'his baby' egc - this coin is destined to be up there with some of the best ... and we are proud to be not only associated with the coin - but proud to have an honest hard workign talented developer like steven on our side also ...
as mentioned before - those traits are very hard to come by in crypto - but are what makes the difference ...
we will be updating the cwi op next week - ill be spending some time on it and will make it as presentable as possible ( though steven will need to reorganize it and make it look presentable if he has the time - hint hint mate
) - and egc will be part of that update ...
o - and always remember - these are MY opinions and not of steven or the egc community in general ... just mine alone ...
#crysx
