MakeBTC.org Pyramid Scheme

[MakeBTC]

We don't recommend you to register and deposit in bitvesor because of we had found it's creators and had filed a lawsuit on them. So this site will be closed soon.

[guybrushthreepwood]

We don't recommend you to register and deposit in bitvesor because of we had found it's creators and had filed a lawsuit on them. So this site will be closed soon.

Lol, are pyramid schemes even legal?

[MakeBTC]

 MakeBTC.org is legal. We have our own copyright. Bitvestor had stolen our trademarks. They will be punished for this.

[Allow]

We don't recommend you to register and deposit in bitvesor because of we had found it's creators and had filed a lawsuit on them. So this site will be closed soon.

They have not even changed the text. lol

[MakeBTC]

And they failed to copy things such as profit calculator. Here we need brains =)

[MakeBTC]

 I'm pumping my account to buy advertising here =) Our banners will be here soon.

[guybrushthreepwood]

MakeBTC.org is legal. We have our own copyright. Bitvestor had stolen our trademarks. They will be punished for this.

You might own the site and code, but I'm not sure what you're doing is legal. Maybe it is in some places and not others I don't know.

[MakeBTC]

 It's legal until i close the site. And if i will do it i will have a lot of problems, and i will loose my BTC income. So i won't do it.

[boumalo]

I thought exactly that : if the creator of makebtc is smart he thought about a new feature to implement when the deposits will slow down : beeing able to sell your level & advertise will certainly bring deposits

We have no visibility of what you do with the money from selling the levels : is it entirely used to give bonuses to new depositors?

I am surprised fox9999 hasn't deposited again

[boumalo]

Still early days it seems on http://bitvestor.us/?ref=yOVN2Np0n2bMyaI .. deposited 0.03 for the hell of it. Wouldn't be surprised if Poof!!! it's gone in a few days .. but this is nothing but gambling.

So sign up and use the referral link above ((((((((((((((om))))))))))))))))) ((((((((((((((((((((bit coin))))))))))))))))))))

The site is down

And probably taken everybodies money  .

Site is up and working fine, closing in on the next level too.  Added bonus, looks like they are still actively developing the site, so I don't see it going away anytime soon.  They introduced a "selling" feature sometime early this morning.  You can now sell back your level at 50%; the other 50% gets paid as a bonus to the next depositors (deposit .5, get .25 free).  I sold off a small portion of my level to test and it worked perfectly; I'm now above even and making profit off each level.  Good luck to everyone else who joined early, should be a good couple of days.

Do you know if they use 100% of the selling revenu to give bonuses to new depositors?
You know how much you sold and you can see how much was use to give bonuses on the log page, I guess it is 100%

They will be able to give 100% bonuses or even 200% when the deposits slow down again which would most certainly increase the deposits; and so on : 500% 1000% bonus if needed to keep it going, there are 3 old players, including one who deposited January 6 (bank1!) that deposited again today
If you deposit now and get through 2banks you can sell at 50% and roughly break-even, I think I talked myself into depositing more, let's play!

I think it would be better for the new depositor to know that he will get a 50% bonus instead of beeing kept in the dark of wether there is still bonus money to be distributed

[boumalo]

I'm pumping my account to buy advertising here =) Our banners will be here soon.

Didn't you loose the bidding war for bid #109 and theymos said again that you were too new for #110?

"
Quote from: MakeBTC on January 26, 2014, 04:27:37 PM
1 @ 1.1
Your account is too new. I can't accept this bid.

Quote from: MakeBTC on January 27, 2014, 07:17:58 PM
2 @ .5
You are too new.

"

Maybe you can use escrow or send him money in advance

[guybrushthreepwood]

I'm pumping my account to buy advertising here =) Our banners will be here soon.

Will they even allow advertising from pyramid schemes?

[Salmon1989]

Why is this thread in gambling?
The members need to gamble when the site will be gone?

[Sonny]

The members need to gamble when the site will be gone?

lol. 

[hilariousandco]

Why is this thread in gambling?
The members need to gamble when the site will be gone?

If it's not gambling then what is it? It's the very definition of a gamble.

[JohnnyPierce]

Why is this thread in gambling?
The members need to gamble when the site will be gone?

If it's not gambling then what is it? It's the very definition of a gamble.

The difference between a gamble and an investnment is exactly that, the gamble is established by the element of random chance, an investnment is a controlled risk where the investor is aware of in which conditions does he lose or win.

Also, we need to remember that no pyramid scheme is ever a gamble, as in principle all you do is to purchase a hierarchic position on the pyramid and attempt to endorse it by gathering lower participators, in principle all pyramids work to infinity!

[boumalo]

This website has to be seen as a gambling game, a fun one, there is some strategy&calculations involved but also a lot of luck involved;

13.9 out of 15 on the present bank means we will soon pass next bank, 50% bonus, an owner that will change the rules to keep the game going if it slows down and maybe some advertising soon : it seems like an excellent time to enter the pyramid (this is not an advice, barely an opinion)

If someone deposit 1BTC today : (approximatively)

you will get right away 1.5BTC with the bonus
0.2BTC of income next bank
0.1BTC bonus on the income so 1.8 after one bank
0.24BTC next bank
0.12BTC bonus on the 2nd income

=>2.16BTC after two banks!! That seems pretty good

[hilariousandco]

Why is this thread in gambling?
The members need to gamble when the site will be gone?

If it's not gambling then what is it? It's the very definition of a gamble.

The difference between a gamble and an investnment is exactly that, the gamble is established by the element of random chance, an investnment is a controlled risk where the investor is aware of in which conditions does he lose or win.

Also, we need to remember that no pyramid scheme is ever a gamble, as in principle all you do is to purchase a hierarchic position on the pyramid and attempt to endorse it by gathering lower participators, in principle all pyramids work to infinity!

Of course it's a gamble. It's not a guaranteed money-maker.

[tunafish]

We don't recommend you to register and deposit in bitvesor because of we had found it's creators and had filed a lawsuit on them. So this site will be closed soon.

"Yes your honor I'd like to file a claim against bitvestor for infringement on our propriety concept known as a 'Ponzi-scheme"
*handcuff clicking noise*

That's like calling the cops because somebody stole your bag of crack.

I'm sure some people will make profits with this but it's only a matter of time until this turns all bitbond-y and the SEC is taking action. I haven't done a whois on the domain but if either site has any connection to the actual owners of the funds then i'd start sweating if I were the owners. Just because you put up a risk of loss disclaimer doesn't mean you are off the hook. Again, that'd be like a crack dealer putting a warning on their bags "may be addictive" and expecting use that as a defense in court.
From SEC.gov:
"With little or no legitimate earnings, Ponzi schemes require a consistent flow of money from new investors to continue. Ponzi schemes tend to collapse when it becomes difficult to recruit new investors or when a large number of investors ask to cash out."

Let me fix your post while i'm at it:

We don't recommend you to register and deposit in bitvesor because of we had found it's creators and had filed a lawsuit on them. So this site* will be closed soon.

*makebtc.org

[XBBlade]

Their site ATM:

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