Topic: BitBillions GBBG - page 12. (Read 51737 times)

Notice in the member Area

Let’s get the May Referral Contest really roaring! From now, until the last day of May, any person who registers an account and donates at least $30.00 (USD) in cash or bitcoins will be upgraded to Founder status! Let’s get that prize pool growing and get those points rolling in. Your referrals can upgrade for the remainder of May with a donation of $30.00 (USD) or more! What and opportunity!!!

Current Leader: 12 Points
2nd Place: 6 Points
3rd Place: 5 Points

You are hereby invited to our SuperDiode event which will be held in a burnt rate. Please confirm your notarized power of nurse and such requisite necessaries. Waiting to see you there!

Well you are right in that it is a risk. Fortunately I suppose the bitcoin I put in originally cost far less than $300. It is true had I just held onto the bitcoins it would be worth that much now. But the truth is that if not for bitbillions I would never have got any bitcoins to invest in the first place.

As for if the partnerships are real or not, we will have to wait a bit to see what happens. One of us is right, I hope I am, if I'm not you can all say 'I told you so'. I think it is a bit premature to make out that everything is fake when it is not proven either way.

Yeah, your probably right. Either way I'm enjoying hearing his (anti-)logic. Great case study in confirmation bias.

You're wasting your breath. You're talking to GBBG trying to convince GBBG that GBBG is a scam.

You have given them 3 BTC, which is already a lot. Their goal is to get as much money out of you as possible.


There it is. They are already trying to get you to give them more bitcoins under the guise of investing in a new venture they are partnering with. These partnerships they are announcing aren't real! Why do you think they can never give you ANY information about them? It is because they are making them up! What evidence do you have, besides their vague announcements, that they are real?

In the future they will come up with all different reasons for you to send them more bitcoins. This "free" revenue sharing program that you initially signed up for may end up costing you dearly in the end. You are already over $300 in the red, with only promises from people you have never met to show for it. If you want to keep believing that this is legit then fine, but don't put more money into it. This is 100% a scam.

Governments are already beginning to regulate the exchangers. I fail to see how you link your comment to the program going to steal money. That just makes no sense at all.

GBBG, Will fail Bitcoin will not be centralized and does not need government involvement such as regulations or tracking who exchanges fiat for Bitcoin. I guess this program is going to steal people's fiat or Bitcoin. 

Latest Blog Post


GBBG Enters 2 Entrepreneurial Ventures

Posted: Monday, May 13th, 2013
Category: GBBG Fund

In our opinion, one of the greatest challenges ahead for bitcoin is that it become a widely used payment system. For the greater part of its life, bitcoin has mostly been used like a commodity or investment vehicle. The majority of transactions are speculative trading similar to Forex or other currency spreads. While the idea of treating bitcoin like an investment tool or derivative can be rewarding, it is not the root purpose of the protocol. Bitcoin needs to become a mainstream payment tool.

GBBG is developing a peer-to-peer system we hope will revolutionize many aspects of ‘online’ life as we know it. However, if we expect to deliver our product effectively, we truly need bitcoin to become a payment system, rather than a speculative investment game. The long-term stability of our core concept depends on bitcoin as a day-to-day payment tool. So, in order to help us get there, we have decided to shift gears a little bit, for a short time.

Two obstacles in the way of bitcoin becoming a mainstream payment system need to be addressed. First, it must become easier for people to move their native currency in and out of bitcoin. Second, people need to be able to use bitcoin to purchase a wide array of goods and services. Over the past several weeks, our fund managers have been seeking opportunities within both of these arenas. There is quite a boom in entrepreneurial activity around bitcoin. We feel GBBG should get involved in a few of these ventures.

If bitcoin will ever become a fluid payment system, people must be able to move in and out of it efficiently. Currently, it takes too much time to acquire and sell bitcoins. This prohibits mainstream users from adapting it as a payment method. Our fund managers ran across an amazing solution for this that is in planning and development. We have decided to throw our development skills and some of our funding into the project. What we plan to create is a system where people all over the world can convert their local currency in and out of bitcoin easily and inexpensively.

We are working with a few partners now to create a business that will focus 100% on the issues of rapid, low-cost currency conversion. This project includes several major features. First, we plan to develop a more user-friendly wallet system so every day people can easily manage their bitcoins. Second, we will establish a global network of authorized, certified currency converters. This will allow people anywhere in the world to move in and out of bitcoin much faster. In addition, there will be a ‘trustee’ system that will protect senders and receivers and ensure that coin transactions and currency conversions are processed efficiently and accurately.

We feel the biggest hurdle for bitcoin over the next few years will involve government and banking resistance. The primary reason is that the bitcoin community has been focusing and promoting the anonymity factor of bitcoin far too much. We feel the only way for bitcoin to be adapted by the masses, and accepted by governments and the banking industry, will be accurate, honest documentation and regulatory compliance.

Bitcoin has taken a bit of a hit because it has been widely adapted by illegal businesses and people conducting illicit transactions. We feel governments throughout the world would gladly accept bitcoin as a payment processor if they could easily identify the persons who are moving local currency in and out of the protocol. Therefore, one of the primary focuses of this new rapid currency conversion system will be to establish record keeping practices that comply fully with each government authority throughout the globe. The goal is to make an easy, mainstream system where people can move money in and out of bitcoin and comply with their governing bodies appropriately.

The average person is not participating in illicit back-alley business every day. The average person does not want to break laws or risk overstepping regulatory boundaries. Therefore, the average person would appreciate a system that ensures they can easily exchange local currency in and out of bitcoin while simultaneously complying with their geographical governing authorities. When people can easily move currency in and out of bitcoin, they will begin to use bitcoin to purchase goods and services rather than treating it like a commodity or investment tool.

GBBG has taken a sizeable position in this new venture. As a result, we will share a sizeable portion of the revenues and profits. This means our membership will benefit greatly. After all, we share our revenue with our members through our revenue sharing matrix. We have agreed with the developers of this new system to include a GBBG membership login within all applications. This way, any member of GBBG that uses these applications to make bitcoin payments or currency exchanges will also be earning GBBG profit sharing points.

Our fund managers will post much greater details about this new venture within the fund segment of our site soon. In addition, there will be an opportunity for 20 accredited investors to participate as well. The partnership has agreed to allow 20 accredited investors to take a stake in the venture along with GBBG. We hope the end result is a system that ‘revolutionizes’ how people move in and out of bitcoin within their local currencies.

Moving in and out of bitcoin easily, and in compliance with local authorities, is only half the battle. The other half of the battle involves vendors. There simply needs to be a huge number of vendors that accept bitcoin before the masses will adapt it as a payment method. Our fund managers have been working diligently to uncover entrepreneurial opportunities in this arena as well. They have discovered many promising concepts, and decided to take a stake in one.

GBBG has taken a sizeable position in another venture that is in the planning stages for developing an online auction to rival eBay. The idea is to produce a system that will allow people throughout the world to buy and sell goods through an auction environment where all transactions are processed via bitcoin. Just like eBay there will be “Buy it Now” options, buyer and seller protection systems, and much more. The plan is to develop a very sophisticated and feature-rich global auction. We feel the blueprints for this auction are very well thought.

Since GBBG will be a major partner in this new venture, we will also benefit from a major share of the revenue and profits generated. Again, we will share our revenue with our members through our revenue sharing matrix. Also, we again negotiated with the developers to include a GBBG login within all the auction applications. This way, any member of GBBG that uses the auction to buy or sell goods or services will also be earning GBBG profit sharing points.

Our fund managers will post much greater details about this new auction venture within the fund segment of our site soon. In addition, there will be an opportunity for 20 accredited investors to participate as well. The partnership has agreed to allow 20 accredited investors to take a stake in the auction venture along with GBBG. We hope to produce a vibrant, growing marketplace where people all over the world buy and sell goods and services using bitcoin as their payment method.

We hope our members are excited with this news. We truly feel both of these ventures contain the ingredients necessary to be successful and profitable. Our goal is to help bitcoin become a mainstream payment system. We will divert our attention from our core product for a bit so we can participate in a few ventures we feel will deliver mainstream masses to bitcoin. Then, when bitcoin is more widely used as a payment system, rather than a speculative investment, we will roll out our core product. We still fully intend to fill our profit sharing matrix in July. We are constantly seeking ways to bring multiple streams of bitcoin income into the GBBG fold. This way, we have multiple lines generating revenue that can be shared with our members.

The only money I gave them was when I bought founder positions originally. I also put 2btc into the GBBG fund. Apart from that I haven't put any money in since and unless I wanted more positions I don't plan to. Once you have a founder position there is not really any reason to have to put anything else in, that is your position that gives you a spot in the revenue share when it starts.

As for contact info, there are many programs that do give contact info but it has never stopped them stealing peoples money. So I don't think that makes much difference at all. I understand what you are saying and there are many programs that do exactly what you say. One big difference is that they setup a different sort of compensation plan that is designed to get people to put more money in and in most cases recurring amounts. They also will often have unsustainable compensation structures. This is where this is different. If they really wanted to scam a lot of people and make the most they could, they would do what all the others scams do and not have it limited to bitcoin for paying in, they would accept payza, LR and others to maximise the money coming in. You could argue the gofundme is the bigger source and I guarantee if the GFM website thought it was a scam they would remove them quickly from the site.

That is one of the reasons this looks more legit. I am not naive, I tell it how I see it and I would agree that Bitbillions are not proven yet. I do think that they will do so in time. That will not be until after July though when they established stage 2 and 3 and move into stage 4. They have already gone 40 days longer than some naysayers in here predicted them to be around and do not show any signs of disappearing.

He can't be that stupid. It's his thing.

Dave, this is 100% a scam, but because of confirmation bias you will not realize this until it's too late.

Whatever you do, stop giving them money. They are stealing your money and giving you a very very small amount of it back to keep you recruiting more people.

The reason they have no contact information, and call themselves the "ANONYMOUS ORGANIZATION" on Twitter, is that when they run out of money to steal and disappear, they don't want to be traced.

I'm not spending my time trying to prove you wrong. I just hate seeing naive people taken advantages of.

You bring up some good points although some of them are only partly true. I totally understand the principles you are implying are being used and I have seen it used many times in the past and currently on other programs. Can I prove that it is not the case with this program...no I can't. Nor can I prove it is not the case with almost any other program online. Until we get past July and they setup the matrix and begin revenue sharing there will be a lot of unknowns.

So a couple of corrections, there is currently no revenue sharing, so the small amounts being sent out you are talking about calling revenue share do not exist. The only amounts being sent out are Founder referral rewards, which is basically a commission on Founder signups (which you said there was no payments for, and there isn't for the matrix, but there isn't even a matrix yet).

Also I don't consider this an investment scheme. The GBBG Bitcoin Fund I would consider an investment scheme but not the bitbillions program.
As for Founder positions vs Free positions. That is voluntary, yes you can get placed higher in the matrix with them and earn Founder rewards, maybe later there will be other benefits as well. Still free members will be able to earn and yes it does all depend on Bitbillions generating a revenue. That is one of the things that makes it legitimate. The fake programs will often give members 'fake' money with promises that it is real money by doing what you say above, paying members from other members memberships or other dodgy so called products that is just stuff on their website itself.

So as I said you raised some good points and some of them cannot be proven either way until we get a few months after the matrix is established. Others you aren't fully correct on.

All up this is still a case of time will tell. There is a current update on the site

I'm not sure what it will be about but will be interesting to see what they have coming up.

No I'm not the creator. I'm surprised they even have a phone icon, the whole site talks about being anonomous so to expect there to actually be a contact number is funny. I spose that was their idea of humour. I'm surprised there is a twitter account though.

Omg I haven't laughed so hard in a long time! This entire thread is pure comedy. You kind of feel bad for the guy, but his level of delusion is really quite astonishing!

Dave, my dude, listen... I know you feel that people on here "just don't get it", and throw away their bitcoins on gambling sites, while you are taking a small risk in an investment opportunity that could make you very very rich and has almost no chance of loosing! In fact, in your mind you are trying to help them out, to make them see the light and invest through your referral link and you will become wealthy together. Your motivations are pure Dave, but let's go through your posts together, and see if we can make any sense of the arguments going on around here.

 

You pay nothing, and in return earn a share of 50% of revenue. Sounds great!  

 

It's still free, but if you donate 0.50 BTC you get a complimentary Founder Member position! Still free though!  

yay. More passive-aggressive insults.

Not from what I have seen in this forum, quite the opposite actually.

That's probably true. 
Or people that came in to read were mostly bright enough...

He hits refresh all day to get the view count up LOL

Anyone that does that must be seriously desperate. I don't have time for doing stuff like that.