Archive for the Category "Pyramid Games, Ponzi Scheme, Hyips"
May 21st, 2019 George H.
In the cryptocurrency world, pyramid schemes/Ponzi schemes are nothing new. Cryptocurrencies like Bitcoin, Litecoin, Ethereum and others are becoming more and more popular, so it comes as no surprise that dubious online projects and businesses begin to emerge, which misuse this current phenomenon. In this article you learn in particular about the difference between legitimate electronic currencies, like Bitcoin, Litecoin and others, and pyramid (scam) crypto coins, like Coinspace or Onecoin, and what these pyramid systems have in common. Read more >>
April 4th, 2019 George H.
Pyramid games (pyramid schemes) have many forms and sometimes it is difficult to recognize them. However, they all have one shared feature. They promise customers and investors huge profits based mostly on recruiting another members to the scheme, not based on real investments or real sale of products and services. Some schemes may support the sale of a product, but it is often just using the product to cover the pyramid scheme. There are two indications that the product is being used to cover a pyramid scheme: inventory purchase and low retail sales. Read more >>