So where on earth does this guy fall out with its a crypto decentralized currency!?
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PIPCOINS
- Thread starter GGumball
- Start date
So where on earth does this guy fall out with its a crypto decentralized currency!?
I have no idea...must be the weed...but people seem to be buying into that idea.
Maybe he's hoping it will become one oneday...Until then, I guess its a *lets wait & see* kinda scenario
I have no idea...must be the weed...but people seem to be buying into that idea.
Maybe he's hoping it will become one oneday...Until then, I guess its a *lets wait & see* kinda scenario
SCARY! and borderline fraud...?
The only difference between him & MMM is the % growth
You can also buy/trade with your real bitcoins on PIPCOINS website...and they will grow by 35% per month
Still scary, can't be sustained?
I assume it's young enough to make a quick buck since all pyramid schemes works Wonders in the early days.
As I said, go read up on what an actual pyramid scheme is.
So get in there, we await your feedback...
no pyramid scheme can be sustained...the longterm ones survive for about a year or so, then eventually they die. Trick is to get in while its new - if you like taking chances.
That is what i was thinking now. And this seems to be brand spanking new
Pitbull
Verboten
Lol, fools and their money soon parted 
Archer
Honorary Master
I love this wording - experiment
More realistically - don't do this if you don't like taking advantage of people by illegal means.
BlackJack1301
Senior Member
- Joined
- Dec 10, 2009
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- 854
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Can't be worse than trading or investing in Rands, so go for it.
put wrong bank info when you are buying...when its time to cashout u must put your correct ones....else u wont get paid
Pipcoin is just a Ponzi scheme (currently).
Some Background:
From the looks of things, it seems they used the same HYIP backend vendor software as MMM. It seems this Ref Wayne kid bought the software and then figured out a backstory for the platform (you'll notice that carbon-copies of the site are running on HelpingDubai and Zewang)
They decided to brand it Pipcoin, and jump on the cryptocurrency train, hoping no-one would notice. Their site says that the system is "too technical" to explain.
The "creator" is using social media to its' fullest and is more like a prosperity preacher - he has faithful followers and has people eating out his hand. They even believed him when he told them he would meet with Mark Zuckerberg and Photoshopped an image onto a poster with him.
What's currently happening:
People are starting to catch on and they're scrambling to "legitimise" the platform in some way. I'm aware that the creator has hired a team of developers to clone Litecoin and somehow move people over there (how though? as they've previously set the price of the coin at R100 and the difficulty is too low). In any case, the scheme will fall over - 35% pm is not an investment, it's a scam, and I doubt moving to crypto will help things as it will just be another alt-coin. FinWeek are already working on a story about the scheme.
Bottom line, stay away - it can be tempting when you see others making returns, but that's how Ponzi schemes work - you're just stealing money from the new registrations.
Some Background:
From the looks of things, it seems they used the same HYIP backend vendor software as MMM. It seems this Ref Wayne kid bought the software and then figured out a backstory for the platform (you'll notice that carbon-copies of the site are running on HelpingDubai and Zewang)
They decided to brand it Pipcoin, and jump on the cryptocurrency train, hoping no-one would notice. Their site says that the system is "too technical" to explain.
The "creator" is using social media to its' fullest and is more like a prosperity preacher - he has faithful followers and has people eating out his hand. They even believed him when he told them he would meet with Mark Zuckerberg and Photoshopped an image onto a poster with him.
What's currently happening:
People are starting to catch on and they're scrambling to "legitimise" the platform in some way. I'm aware that the creator has hired a team of developers to clone Litecoin and somehow move people over there (how though? as they've previously set the price of the coin at R100 and the difficulty is too low). In any case, the scheme will fall over - 35% pm is not an investment, it's a scam, and I doubt moving to crypto will help things as it will just be another alt-coin. FinWeek are already working on a story about the scheme.
Bottom line, stay away - it can be tempting when you see others making returns, but that's how Ponzi schemes work - you're just stealing money from the new registrations.
Pho3nix
The Legend
...you forgot to mention...ref wayne is 21 :wtf:
And his amazing algorithm...
