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FIB - Scams 101 - Ye Olde Archives

Daily Dose of Balance - A Modest Rebuttal

Posted By: The Tim <tim@thetimtimes.com>
Wednesday, 6 April 2005, at 6:10 p.m.

In Response To: Interesting Response (Dave Mauder (eDave))

That has to be the finest bit of sophistry I've seen in a long time. No doubt you're making money selling it, whatever the quasi-legal defitinition of it happens to be at the time. What I'm unsure of is the exact level of Hell reserved for the promoters of such obvious Devil spawn of Ponzi.

There can be no argument that there's big money to be made at the expense of other people's suffering if that's the kind of thing you're into. Reference:http://www.google.com/search?hl=en&lr=&safe=off&as_qdr=all&q=+%22terry+schiavo%22+fundraising&btnG=Search

Enjoy.

> Here is an interesting response I got from one of the original dxgold
> traders. I sent him the link to the thread at Quatloos, and here is what
> he had to say:

> ==========================
> Several things about that; it's not a new idea or approach. It's the same
> 'growing pains' had by new folks for the past 4 years. DXGold has been
> investigated before; they aren't being investigated anymore because
> they're
> cleared of past investigations.

> Also, it turns out that the 3 main folks in that thread are actually the
> same person... pretending to have a back&forth dialogue. They might also
> be
> the same as the person on the Mazu site who started in.

> DXGold is not:

> 1. Operational yet. They will be when the DXSystem is finished. Right now,
> we are in their test-system.

> 2. Since not operational yet, they don't have business info published
> (CEO,
> phone number, etc) because they are not 'operating anything' yet openly.
> They have some business clients, some LDX's, etc. But they are mainly
> closed
> until the DXSystem is done, after which they will release their info.

> 3. A banking system... they hold none of your funds. They only secure
> exchanges for others, etc. That's it.

> 4. Why is DXGold 'earned' ? To 'release' it to the general public.
> Remember,
> DXGold has to be released for new Members to use it... if we only had 10
> Merchants with $1000 each in DXGold... but 10,000 Members flocked in
> tomorrow, with $2000 each in demands, there would be no possibility for
> them
> to get DXGold, because there isn't enough money. We earn DXGold TO resell,
> because we are in the business of expanding DXGold use on the internet.
> However, you only earn a little bit of money to exchange yourself, for
> each
> action you perform... if you want to earn more, you have to work more.
> It's
> the same as if you were in the Coca-Cola franchising business: you are
> paid
> bonuses there by being given discounts on (or even free) crates of
> Coca-Cola
> to resell. Why are you paid in Coca-Cola and not just some other form of
> cash?

> Because there is no cash without sales of product. By being given
> Coca-Cola,
> you have every incentive to keep doing your job.

> 5. All e-currencies are commodities (like Coca-Cola) and not cash. For
> them
> to be valuable, there has to simply be a market.

> 6. The ultimate problem with the analysis on that page you show me is
> this:

> For DXGold to be a scam, they would have to give you bonuses... TO TAKE
> YOUR
> E-CURRENCY IN EXCHANGE THEMSELVES, FOR THE PURPOSE OF VANISHING LATER.

> Since that is not at all what is happening, they are not a scam. DXGold
> charges us fees: THAT they get to convert as they go along. Some Claims
> are
> sent to LDX's in the system, for example, so that those LDX's can
> eventually
> service more business clients and also so that DXGold can recover costs.
> But, your gains are just that... more Coca-Cola to resell. You get it for
> each and every single action you perform in the system, and have the right
> to convert it out... by finding the business (not alone, but in a group).

> We make DXGold work by doing our jobs: expanding the market as a DXGroup.

> Of course, all of this is incredibly summarized, and will be explained
> better in the launch of the new DXPT information that is to be released in
> about a week.

> Finally: the DXSystem is ALL ABOUT PROVIDING USEFUL SERVICES. The GPC will
> be re-attached. DXConcierge is coming out, as is DXTraveller, etc. These
> are
> REAL services.

> Before DXGold could POSSIBLY get THOSE to operate, it needed a batch of
> core-Merchants and funders (us) for there to be enough DXGold (and
> knowledgeable exchangers) to handle the influx of the new market when they
> release the DXSystem.

> Really... do you think we are ready even now? Is there enough DXGold in
> circulation to handle the masses that pour into DXGold when they launch
> and
> their die-hard services are available?

> Frankly, even DXGold is afraid of not being ready even by then. Even with
> all the DXGold in circulation at present across us MM-interns who have
> money
> and knowledge enough to handle the incoming market.

> Hope this helps! Again, more training will be available as the new DXPT is
> unleashed here in about a week.

Enlightening the Internet Generation

Messages in This Thread

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You'll find great information in this "Read Only" Archive, but remember..... things change.
Be sure to visit the Current Message Board when you're finished here.

We're very friendly, so don't be shy... just jump right in and post your question.
Scams outnumber legitimate biz ops about a bzillion to one, so it's well worth your time.



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