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FIB - Scams 101 - Ye Olde Archives
Posted By: The Tim <tim@thetimtimes.com> In Response To: eCurrency Trading (Dave)
Friday, 28 January 2005, at 5:43 p.m.
Don't waste your time trying to analyzing the obvious. You'd be better served to do a little research on Social Security because although you appear well prepared to see thru some disinformation, your Ponzi to SS analogy doesn't work for me. I know know politics aren't a popular thing on this board, but there seems to be a move afoot to make Social Security seem like some kind of 'welfare' plan. I'll shut up and be quiet now that I've reminded people to look at their paycheck stubs and remind themselves that this is something that we've PAID for and are still PAYING for. It's OUR money and there was an overwhelming amount of it in the treasury NOT THAT LONG AGO! Conservatives like me are starting to wonder if any government promise is sacred these days.
Enjoy.
> I have been looking at this eCurrency trading for a bit, and I really
> appreciate the comments on this forum about it. Although I havent tried it
> myself, I think it currently works as a giant Ponzi scheme (like Social
> Security), which is used to make dxGold have value.
> Because people decide they want to earn "big money", they buy
> dxGold. This makes dxGold inherently valuable because they are willing to
> spend "real" money for it. dxGold skims off fees and uses some
> of them to reward the active "players". As long as more and more
> people get in to this, the value of dxGold will stay high. At some point
> there will not be enough new money and those that have dxGold will find
> that no one will exchange it for real money and the whole thing collapses.
> It is possible that dxGold did this to create demand for their currency so
> that it could eventually be used for buying things, but maybe not.
> Any comments?
Enlightening the Internet Generation
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