PIPCOINS

[GGumball]

Has anybody tried the new South African cryptocurrency? please advise if its a good move or not?

 

[koeksGHT]

Looks like ponzy, can you actually "hold" your coins yet?

 

[dunkyd]

If it looks like a duck........

 

[Suspect99]

Guys at work that use MMM also use pipcoin. So ya it's just another ponzi scheme

 

[SYNERGY]

Another ponzi scheme. They advertise via Facebook a lot.

 

[Swa]

Looks like a copy of bitcoin.

 

[Thor]

So a yay or nay for this?

Assuming one has a few K, how would I go about it, I can't find any official ( Well official looking ) websites about this.

Only this website -> https://mypipcoins.com/

Does anyone here use it, what is the purpose of this currency can it be used like bitcoins can?

 

[Pho3nix]

It's a ponzi scheme mate. Don't try..

 

[Suspect99]

So a yay or nay for this?

Assuming one has a few K, how would I go about it, I can't find any official ( Well official looking ) websites about this.

Only this website -> https://mypipcoins.com/

Does anyone here use it, what is the purpose of this currency can it be used like bitcoins can?

Dude, its a Ponzi scheme:erm:

 

[pinball wizard]

Pip coin. Developed by Charles Dickens?

 

[saor]

Charles Dickens?

Cool story bro .

 

[Thor]

LEL

 

[Thor]

Seems legit -> https://youtu.be/d5NHPZ3mmvQ?t=14m13s

 

[Thor]

Surely the SABC won't lie, I mean Prof Basie Bason talked about it right before his video

 

[ice_cubes]

Pipcoins is a pyramid scheme disguised as bitcoins.
I've been a member since it started in February.

Your pipcoins grow at 35% per month. At the moment 1 pip = R100. Month end its going up.

You cant buy anything with pipcoins as its not yet a currency that is accepted anywhere.

 

[ToxicBunny]

Pipcoins is a pyramid scheme disguised as bitcoins.
I've been a member since it started in February.

Your pipcoins grow at 35% per month. At the moment 1 pip = R100. Month end its going up.

You cant buy anything with pipcoins as its not yet a currency that is accepted anywhere.

Can you transfer them out to rands at any point?

 

[ice_cubes]

Can you transfer them out to rands at any point?

Yes
When you cashout (sell) you get paid in rands or bitcoins

 

[Thor]

Interesting. What controls the price?

 

[Thor]

Do you own physical coins? Do you own anything physical? How is the price determined?

How sustainable is the 35% and where does the 35% number come from?

 

[Jet-Fighter7700]

It's a ponzi scheme mate. Don't try..

There quite a few people that believe in those, and get real mad when you point out it's a Ponzi scheme, if you want gambling go to the casino,
Not try some hare brained scheme using BTC .