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FIB - Scams 101 - Ye Olde Archives
Posted By: Brittni <His1stLuv@yahoo.com> In Response To: If there's no skill involved, it's gambling (The Roadie)
Wednesday, 23 February 2005, at 8:40 a.m.
Roadie,
Please Check out and READ the DX Power Team Website. There hundreds of testimonials. I want to surely believe these people did not take the time out to create "fake testimonials" or "shills". That would be ridiculous.
> Agreed. If the participants aren't contributing anything of true value
> (like knowledge or manual manipulative skills) then you have to ask where
> the profits come from.
> 1) They could be phantom profits, generated electronically and not
> available in real life. This is the money fantasy game.
> 2) It could be fake profits, convertable to real life money by using input
> from new participants to pay off early participants. This is the Ponzi
> model.
> Any activity where you don't have transparency about *HOW* the profits are
> generated, who's paying the profits, and what you're doing to generate the
> profits (that makes you somehow more "special" than the random
> guy off the street) is indistinguishable from gambling. Can be fun, but
> don't bet the lunch money, and ESPECIALLY don't think you can beat the
> house over the long run.
> If you can't examine the software algorithms used to generate your
> profits, you can't even tell if the house is crooked, or if you're being
> paid off early to be used as a shill to attract later participants that
> are going to be fleeced for more than the operator paid you for your
> testimonial.
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