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FIB - Scams 101 - Ye Olde Archives

Pay for training? Why?

Posted By: The Roadie <wcarton@flash.net>
Tuesday, 25 January 2005, at 8:11 a.m.

In Response To: Oh blessum yewz!! (MaaMaw)

> Now can anyone pronounced Digot?

> die-gott?
> dig-ott?
> die-goat?

> On, and while we're on the subject, what the hell IS a digot anyway?

I guessed it's a made-up term for "digital ingot", designed to make you believe there is some gold in there somewhere backing up the e-currency. A sham, of course. There is no gold, except as coating on some wires in the chips that make up the virtual economy.

Anybody who thinks there's real gold behind any of these e-currencies has been reading way too much Harry Potter. If they really had the gold, and it was really being used to "back" the e-currency, that claim could be verified by an independent, trustworthy third party.

As the original poster said, the root cause of my suspicion, besides all the others, is the fact that there are no real customers of this marketplace. If the organizers are running it as a training site, and giving out fees for showing skill in processing virtual transactions with no basis in real life, you just have to ask WHY?!?!?!

They have no guarantee that the trainees will stick around to use their training to the benefit of the organizers later. Why train folks you have no reason to believe will be around? One possibility is that the organizers understand they are presenting an addictive experience, and the participants will not leave because they get just enough positive reinforcement to stay.

Like rats being given the odd food pellet for pushing the right pedal.

Or else the "training payments" aren't really costing the organizers anything.

And to repeat another good, basic question: If it's such a good business model, and the organizers invested so much in the IT infrastructure, why can't they add some working capital needs to their balance sheet? Why not borrow the capital from the usual sources? Why go the grassroots route and get the "little guys" involved if it dilutes the payoff available to the brains behind it? It's because using the "little guys" MAXIMIZES the payoff to the organizers. We just don't know (yet) the precise way they plan to extract that payoff.

The MMF (Make Money Fast) Hall of Humiliation

Messages in This Thread

Have you read MAAMAW'S CLICKY NOTES today?
Excuse me... You MISSED them??
At the top o' the page in the blue bars (sheesh!).

eCurrency, the threat of identity theft and some thoughts of my own (views: 707)
Sean -- Tuesday, 25 January 2005, at 5:48 a.m.
- Oh blessum yewz!! (views: 715)
  MaaMaw -- Tuesday, 25 January 2005, at 5:58 a.m.
  - Pay for training? Why? (views: 707)
    The Roadie -- Tuesday, 25 January 2005, at 8:11 a.m.
    - There is something else that bugs me..... (views: 682)
      MaaMaw -- Tuesday, 25 January 2005, at 8:44 a.m.
      - Re: There is something else that bugs me..... (views: 673)
        The Roadie -- Tuesday, 25 January 2005, at 11:06 a.m.
    - Well, call me crazy... (views: 713)
      Sean -- Tuesday, 25 January 2005, at 9:02 a.m.
      - But it's just INCORPORATED there. (views: 701)
        Jimbo -- Tuesday, 25 January 2005, at 9:38 a.m.
    - Re: Pay for training? Why? (views: 738)
      Bill Cornelius -- Tuesday, 25 January 2005, at 4:16 p.m.
      - Re: Pay for training? Why? (views: 755)
        Trading to Profits -- Thursday, 27 January 2005, at 5:34 p.m.
    - Actually, it's the "real" money that has no gold backing... (views: 716)
      Eve -- Wednesday, 26 January 2005, at 7:42 a.m.
- Re: Mazu is teaching you how to use DXGold (views: 761)
  Ben Dover -- Tuesday, 25 January 2005, at 5:22 p.m.

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