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Topic: [2017-06-08] Scam Alert Round-Up: We Grow Bitcoin, Ethereumchamber and Ethereum (Read 4835 times)

sr. member
Activity: 284
Merit: 250
"We Grow Bitcoins encourages users to make a ‘donation’ of 0.01BTC and sign up 5 additional members to the company, each of whom ‘donate’ 0.01BTC to the referrer. Users are then encouraged to sign up more users and donate larger sums in exchange for promised monthly returns of up to 62 BTC"

I don't see why even bother talking about pure ponzi HYIP projects?
there are dozens of them popping up on a daily basis
calling them MLM is pure lies,there is nothing of MLM in it as there is NO GOODS to be purchased or sold,just the cryptocurrency itself and the mythical
"profit" won't appear out of the thin air

In this MLM there must be a real product. And then they sell something that is not clear. I do not argue, you can earn in these projects if you are able to invite partners. But they are all scammers
legendary
Activity: 2016
Merit: 1107
"We Grow Bitcoins encourages users to make a ‘donation’ of 0.01BTC and sign up 5 additional members to the company, each of whom ‘donate’ 0.01BTC to the referrer. Users are then encouraged to sign up more users and donate larger sums in exchange for promised monthly returns of up to 62 BTC"

I don't see why even bother talking about pure ponzi HYIP projects?
there are dozens of them popping up on a daily basis
calling them MLM is pure lies,there is nothing of MLM in it as there is NO GOODS to be purchased or sold,just the cryptocurrency itself and the mythical
"profit" won't appear out of the thin air
hero member
Activity: 490
Merit: 501
I would not be surprised if they can be outright scams or maybe will fail in the coming months. This is the reason why as of now am shying away from programs like those as they can be breeding grounds for scammers online. Anyway, we all have the choice to be part of those programs or not.

Right now, I am seeing many ads on Project Ethereum and though I love the Ethereum as a cryptocurrency I have not wasted my time reviewing the said program.

What about iCoinPro?
legendary
Activity: 1073
Merit: 1000
Accusations has surfaced suggesting that the two MLM projects “We Grow Bitcoin” and “Ethereum Project” as well as the ERC20-token wallet service provider “Ethereumchamber” are outright scams – among many others.

http://www.nigeriatoday.ng/2017/06/scam-alert-round-up-we-grow-bitcoin-ethereumchamber-and-ethereum-project/
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