BitBillions GBBG

[aussie_striker]

This gonna be fun, looks like this ponzi is going to be successful.

I congratulate aussie_striker in advance, these people deserve to be scammed.

I'm just wondering two things
1. Why congratulate me
2. What are you guys going to say when you realize this isnt a scam.

[1714968575]

1714968575

[1714968575]

1714968575

[1714968575]

1714968575

[Monster Tent]

If all your service offerings are free then logically you arent making any money.

[aussie_striker]

Why don't you put 100 BTC where your mouth is? We can find a suitable escrow, and if you think it's not a scam why wouldn't you take up a free 100 BTC? We'll have to work on a definition of a scam, and I'll want the timeframe to 2 years from bet date.

Who are you asking to put 100 BTC up? If it is me I don't have that kind of money and I certainly would not chuck it into a bet for 2 years. You are the gambler here not me and that is obvious. I prefer to stick to things I know will give me a return over the long term.

That is why I have a lot of people in business forums get upset at me when I tell them their business is a Ponzi. Something I find ironic given that I steer away from Ponzis yet you guys have it in your head that is what this is, except for crazyearner who thinks they are going to do bit mining, that is almost as funny as calling this a ponzi.

[aussie_striker]

If all your service offerings are free then logically you arent making any money.

Not all the services are free but members do not have to take part in the premium services to earn...

Members will not be required to spend money on products or services in order to earn their share of GBBG’s revenues. Revenue will be generated through advertising, premium communication services, payment processing, currency exchanges, sales of books, sales of music, sales of movies, and many other income producing mediums. Members simply earn money by using the FREE technology. Some of our FREE services will include:

    Communication with anyone, anywhere in the world, including unlimited global telephone calling
    Access to the largest database of music, movies, and books on earth
    Global payment processing, currency exchange, and banking with NO FEES
    Much, much more

[ElectricMucus]

This gonna be fun, looks like this ponzi is going to be successful.

I congratulate aussie_striker in advance, these people deserve to be scammed.

I'm just wondering two things
1. Why congratulate me
2. What are you guys going to say when you realize this isnt a scam.

1. Because the idea is awesome
2. Won't happen

[aussie_striker]

This gonna be fun, looks like this ponzi is going to be successful.

I congratulate aussie_striker in advance, these people deserve to be scammed.

I'm just wondering two things
1. Why congratulate me
2. What are you guys going to say when you realize this isnt a scam.

1. Because the idea is awesome
2. Won't happen

1. It's not my idea so I'm not the one to congratulate
2. Time will tell, can't believe how negative people in here are.

[CharlesPonzi]

Inb4 Amway.

[Monster Tent]

Young Chuck in Montana bought a horse from a farmer for $100. The farmer agreed to deliver the horse the next day. The next day he drove up and said, “Sorry son, but have some bad news; the horse died.”

Chuck replied, 'Well, then just give me my money back.”

The farmer said, “Can't do that. I went and spent it already”

Chuck said, “Ok, then, just bring me the dead horse.”

The farmer asked, “What ya gonna do with him?”

Chuck said, “I'm going to raffle him off.”

The farmer said, “You can't raffle off a dead horse!”

Chuck said, “Sure I can. Watch me. I just won't tell anybody he's dead.”

A month later, the farmer met up with Chuck and asked, “What happened with that dead horse?”

Chuck said, “I raffled him off. I sold 500 tickets at two dollars apiece and made a profit of $998.”

The farmer said, “Didn't anyone complain?”

Chuck said, “Just the guy who won. So I gave him his two dollars back.”

[aussie_striker]

Young Chuck in Montana bought a horse from a farmer for $100. The farmer agreed to deliver the horse the next day. The next day he drove up and said, “Sorry son, but have some bad news; the horse died.”
Chuck replied, 'Well, then just give me my money back.”
The farmer said, “Can't do that. I went and spent it already”
Chuck said, “Ok, then, just bring me the dead horse.”
The farmer asked, “What ya gonna do with him?”
Chuck said, “I'm going to raffle him off.”
The farmer said, “You can't raffle off a dead horse!”
Chuck said, “Sure I can. Watch me. I just won't tell anybody he's dead.”
A month later, the farmer met up with Chuck and asked, “What happened with that dead horse?”
Chuck said, “I raffled him off. I sold 500 tickets at two dollars apiece and made a profit of $998.”
The farmer said, “Didn't anyone complain?”
Chuck said, “Just the guy who won. So I gave him his two dollars back.”

Highly unethical, but funny. Not relevant to real life as there would be more factors involved.

[poly]

Could we get a scammer tag for aussie_striker? I have strong suspicions that he is lying about his affiliation with BitBillions.

[aussie_striker]

1. It's not my idea so I'm not the one to congratulate
2. Time will tell, can't believe how negative people in here are.

1. It is absolutely possible that this is not his idea. The simple fact that is doesn't know anything about bitcoin is almost enough to prove this.
2. Time has already spoken numerous times. There is no such thing as a company giving more money to its investors than it has raised before having any product.

Thankyou ghdp, you have just given the absolute proof that this is not a scam. I agree exactly, it is the companies that give unrealistic returns and do not have any money generated to cover it. That is exactly what I was saying before. I think many people here have not read the compensation plan and only looked at the pictures. Until the company is making revenue there is no money going to the members for revenue share. Any company that gives revenue share before it is has any revenue is sure to be a scam. Referral commissions are a different matter though. As for me not knowing about bitcoin, if not for this company starting I probably still would not have even heard of bitcoin.

Poly: I wish I was good enough to be able to build a site like this but unfortunately my abilities aren't as good as that. I do have sites like my NetworkMoneyMaker site but that is just wordpress based and really just a blog about online opportunities.

[crazyearner]

am staying away from this one due to the updates they said.


Hello. You recently requested information to obtain a founder membership in GBBG. We wanted to inform you of a major change to our donation process. We have learned many people want a faster process to join GBBG because obtaining bitcoins can take some time. Therefore, we are pleased to announce the following improvements!

In order to complete the development of our technology, and to provide the basic hardware and technical infrastructure for the initial release of the product, we are only accepting the initial 50,000 Founders Membership applications that include a donation.
____________________________________________________

My response

Ok so what their saying is people who donate are buying them hardware. Each big unit costs $1,500 per unit shipped to them.  That their will be enough to buy them over 800 units that generate $250 to $300 per day. So here the math on how much they generate a day.

Low side $250x 800 = $200,000 per day.

High Side $300x800 = $240,000 Perday

SO their company make over 6.72 Million per 28 days

50% of that goes to the members so 3 million odd per month.

I can see what is going to happen their but I will save that for later.
___________________________________________________________
Their Response
 Donations will be used to reward developers, pay for technical services that are necessary, and pay for hardware that is necessary. Once development and launch of the core product are complete, any remaining donations will be treated as follows: a) a portion will be held on reserve to cover technical needs, b) a portion will be given back to members through our normal points distribution system, c) a portion will be donated to charity.
___________________________

My Response

As explained above we the members are buying them hardware from our donations that is a crafty way to actually do business. What their  doing in a way is taking our donations to make them rich and that is illegal in some states. However DONATION MEANS YOUR FUCKED IF THE COMPANY RUNS.  They are claiming they will be donating to charity. Then this would actually need proof and legitimate statements of stuff posted and so forth.

Revenue will be generated through advertising, premium communication services, payment processing, currency exchanges, sales of books, sales of music, sales of movies, and many other income producing mediums. Members simply earn money by using the FREE technology. Some of our FREE services will include:

    Communication with anyone, anywhere in the world, including unlimited global telephone calling
    Access to the largest database of music, movies, and books on earth
    Global payment processing, currency exchange, and banking with NO FEES
    Much, much more

[/quote]

Good luck with that then selling books, movies and many other mediums. Then if their doing this then will need to have royailitys and copyright rights to re distribute films and music books  same sort of process.

Plus a of my comments are vailed because there taking stuff by donation so if shit hits the fan then yeah they can run and even on a legal terms wont get anywhere because you donated funds to them.

If a business if using free service and selling the above as you claim then it will not able to sustain its self due to growth and will need more sales from public in order to even generate a good stream of income.

Nowhere has bit mining been even mentioned to do with the revenue streams they have talked about.

well it has been as tho they are talking about hardware in some of the updates that where posted in the updates, So in terms of hardware what else would they actually be talking about. None the less it does not matter to me as I have my own business coming out this year. I was very interested of joining here and been a part of it however the more I read and the more gets posted ill pass on the idea until someone actually posts from bitcoin talk their making an income off it.

This gonna be fun, looks like this ponzi is going to be successful.

I congratulate aussie_striker in advance, these people deserve to be scammed.

I'm just wondering two things
1. Why congratulate me
2. What are you guys going to say when you realize this isnt a scam.

1 I will do that when this is proven to be legit.

2 Well when  I relise this is not a scam I will take back what I have said on here. Until that day happens I will keep my posts as is. If it turns out legit then so be it and ill get over 500 people in to this even more untill I see that this is 100% legit I wont even bother to send people to this place until its proven its self to be here 3 to 6 months down the road and proving it is legit.

[misterbigg]

The OP's website is 100% awesome

[MPOE-PR]

I'm going to go out on a limb here and say that I believe that aussie_striker [del]and ghdp[/del] are none other than SouthernComfort (aka furrycoat).

Now this may well be the case. The same brand of brainless unwarranted enthusiasm at least.

[repentance]

Inb4 Amway.

lulz

[aussie_striker]

I'm going to go out on a limb here and say that I believe that aussie_striker and ghdp are none other than SouthernComfort (aka furrycoat).

This scam is a big production (by scammer standards, at least). It seems about the same level of effort that SouthernComfort put into his last scam, and maybe even a step up.

Ok, I have no idea what you are talking about there.
For all the comments that I could be this person and that person, I could be behind this program, or that program.
It does not take much research to be able to see who I really am. Now either the people you talk about were so hidden from view that you have no real idea who they really were, or you just don't even try to distinguish the difference.
 
I have a facebook profile with years of my life on it. As mentioned I have a linkedin profile as well. If I was any of the people you are comparing me with you can be sure I would probably do what they did and make myself as anonymous as possible, especially if I was the owner of a scam. I have enough people that can tell you that I am the real deal. Don't believe me, fine, no skin off my nose, I'm just trying to benefit from a new program and thought a good idea would be to get in touch with bitcoin users to do it. At least I am not saying things like I have been told one person in BitBillions is claiming....check out this response someone showed me he got from a marketer;

Thanks for sharing.  I was actually one of the first people to join BitBillions and I believe I have built by far the largest team.  I have been in contact with the owners and have formed an alliance with them, as they are not networkers.  My team has been in contact with all the top attorney's and millionaires in the Bitcoin circle.  Through the connections, we are actually in the process of building our own company.  Best of luck with BitBillions, these guys are AWESOME!

Now personally I think that response is full of BS. I tell it how it is, I don't need to bignote myself or bs my way to just gain a few refs. I'd prefer to have people join because they want to and they believe in it, not because they believe some bs that is spun to them.

[aussie_striker]

Ok so what their saying is people who donate are buying them hardware. Each big unit costs $1,500 per unit shipped to them.  That their will be enough to buy them over 800 units that generate $250 to $300 per day. So here the math on how much they generate a day.

Low side $250x 800 = $200,000 per day.
High Side $300x800 = $240,000 Perday
SO their company make over 6.72 Million per 28 days
50% of that goes to the members so 3 million odd per month.
I can see what is going to happen their but I will save that for later.

Revenue will be generated through advertising, premium communication services, payment processing, currency exchanges, sales of books, sales of music, sales of movies, and many other income producing mediums. Members simply earn money by using the FREE technology. Some of our FREE services will include:

    Communication with anyone, anywhere in the world, including unlimited global telephone calling
    Access to the largest database of music, movies, and books on earth
    Global payment processing, currency exchange, and banking with NO FEES
    Much, much more

Good luck with that then selling books, movies and many other mediums. Then if their doing this then will need to have royailitys and copyright rights to re distribute films and music books  same sort of process.
If a business if using free service and selling the above as you claim then it will not able to sustain its self due to growth and will need more sales from public in order to even generate a good stream of income.

Nowhere has bit mining been even mentioned to do with the revenue streams they have talked about.

well it has been as tho they are talking about hardware in some of the updates that where posted in the updates, So in terms of hardware what else would they actually be talking about. None the less it does not matter to me as I have my own business coming out this year. I was very interested of joining here and been a part of it however the more I read and the more gets posted ill pass on the idea until someone actually posts from bitcoin talk their making an income off it.

1 I will do that when this is proven to be legit.

2 Well when  I relise this is not a scam I will take back what I have said on here. Until that day happens I will keep my posts as is. If it turns out legit then so be it and ill get over 500 people in to this even more untill I see that this is 100% legit I wont even bother to send people to this place until its proven its self to be here 3 to 6 months down the road and proving it is legit.[/quote]

Re-read and realized I didn't really answer some of this.
Looking at your figures for bit mining, if they are for real, maybe they should do that, looks profitable.
You mention about with membership growth diminishing returns. That is a fact, there would be however the first 250,000 positions are part of tiered levels that have certain % in the revenue pool and membership of these pools does not increase. That means that anyone with those positions will see increasing returns if revenue increases. Those outside the first 250,000 would possibly have diminishing returns.
Royalties - well I don't know their plan with that, how they are going to do things. I spose more details will come out later.

If you were to get 500 members in yourself you would get close to 100BTC in referral commissions.
Guess we will see in 3-6 months.

[Atruk]

Would you like to bet that this is a ponzi / pyramid / scam, pirateat40 style?

Actually I just noticed your signature block. Unbelievable, you will waste money on gambling yet you wont even take a chance on something that is likely to be far more legit than the gambling sites you support.

You want to bet, try betting 1 BTC in this site and if the site is proven to be a scam by August, which is 1 month after it is supposed to launch, hell I'll give you a bitcoin back. I'm betting by then there is a lot more support for it as it will have proven to be more by then.

Gambling generally provides a certain kind of entertainment value at the very least. Being able to take a gambling loss on the chin while being sporting about it is generally an admirable trait. On the other hand with investments part of the aim is being able to expect some sort of return.

This venture seems like a poor investment even before the scam concerns enter. It even seems like a poor gamble on par with the Houston Astros to take the World Series this year. With the scam concerns it seems to be on par with betting less than 1 on Satoshidice except with substantially lower expected returns than from the dice game.

[aussie_striker]

Would you like to bet that this is a ponzi / pyramid / scam, pirateat40 style?

Actually I just noticed your signature block. Unbelievable, you will waste money on gambling yet you wont even take a chance on something that is likely to be far more legit than the gambling sites you support.

You want to bet, try betting 1 BTC in this site and if the site is proven to be a scam by August, which is 1 month after it is supposed to launch, hell I'll give you a bitcoin back. I'm betting by then there is a lot more support for it as it will have proven to be more by then.

Gambling generally provides a certain kind of entertainment value at the very least. Being able to take a gambling loss on the chin while being sporting about it is generally an admirable trait. On the other hand with investments part of the aim is being able to expect some sort of return.

This venture seems like a poor investment even before the scam concerns enter. It even seems like a poor gamble on par with the Houston Astros to take the World Series this year. With the scam concerns it seems to be on par with betting less than 1 on Satoshidice except with substantially lower expected returns than from the dice game.

Why do you think it would be a poor investment? If you were to get 1 ref you have up to round 23% return. 10 refs you have doubled your original investment. If you are in the first 5000 positions (which currently it is) and they get 1 million revenue the 10% pool by itself would give back $20 worth of BTC per position. If that went up to 10M you are earning $200 per month with just that one pool. You would still earn from the other 5 pools as well.  Sure it depends on the revenue but for a one time cost (for first 10,000 positions), I would say that is a pretty good bet to make.

[EndTheFed321]

and if you have no ref will you earn anything?