Hi @BTCforJoe
Thank you for your feedback.
Let me answer to some of your affirmations:
The line in your response that says "...should..." scares me the most about this site. As an admin, you should know right away whether or not your site will be able to pay back all the payments.
I have corrected this (replacing "should' with "will")
I'm wiling to bet that if 100 people upgraded to the 1BTC upgraded plan within the next 24 hours, that your site would no longer be running in a week.
Ok, let's make a bet on this
But with one condition: you must find those 100 users.
If you are going to be offering upgraded accounts, you need to limit the quantity of upgrades that you're allowing for each level until you can learn the economy of your site, and whether your ad revenue will be able to pay back the over-promised return that you've stated.
You know how many months are required to recover the investment (if you buy an upgrade)?
Please don't be stupid with your BTC, folks! Don't ever invest more than you're willing to lose.
100% agree with you!
I'm going to give you the benefit of the doubt here, as your upgrades last 1 year. But the simple economics of your website rule (according to your own words) that in order to payout your current upgraded members, you need to continue to have members upgrade their accounts.
This, however you look at, is a ponzi. So all I'm saying that as long as this site is popular, members will be okay, but once you hit the point of critical mass where (a) members are no longer buying upgrade packs and (b) you are no longer making a profit, this site will unfortunately, like many many others, fold and go bye-bye.
Sorry to rain on your parade, but I'm just giving fair warning to anyone looking to dump some cash into this site.
Best of luck to you, admin, and I really do hope you prove me wrong.
