Do You Equate MLM-Distributed Coins To Be Scams?

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Quote from: dothebeats on April 02, 2017, 01:06:46 PM

Personally I wouldn't support such kind of schemes to distribute coins because it appears that it would only be centralized and to know that "uneven" distribution really is uneven since a few people holds majority of the coins since the start and these type of schemes are only beneficial to those in the higher levels and not really on the people at the lower levels.

Centralized meaning here is to keep prices stable, they will take action if price down. If there are no such systems will only be extinct very quickly in trade market. Some coins are still standing like dash and edr. MLM (which is not ponzi) have the power to form a strong chain, where active players get reward more active than passive chain, it is good to maintain stability than no system at all, there's no element of scam when using earning system more than 1

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Personally I wouldn't support such kind of schemes to distribute coins because it appears that it would only be centralized and to know that "uneven" distribution really is uneven since a few people holds majority of the coins since the start and these type of schemes are only beneficial to those in the higher levels and not really on the people at the lower levels.

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Coins exclusively created for mom scemes are based on a centralized cause and are destined to fail as the platform supporting their use starts losing credibility. Oftentimes such coins are used only for internal consumption and have no market value throughout their existence.

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Quote from: Zadicar on April 02, 2017, 12:41:13 AM

Quote from: densuj on April 02, 2017, 12:12:23 AM

Quote from: iamTom123 on March 30, 2017, 12:31:47 AM

I just read someone commenting that he will never invest his money on coins distributed the MLM way as he automatically equates them to be scams. Personally, I see nothing wrong with MLM per se as it can be an effective model to distribute products and promote business. However, it is also true that there are some in the MLM industry who are actually having that unfortunate ponzi orientations...you know those slash/burn/fly people.

I know that there are now many popular altcoin which are using network marketing and they are indeed reaching so many people on a global scale. Have you bought a coin via MLM way or you also shun coins distributed this way?

No i never make investments on MLM distributed coins, it is dangerous and high risk losing money in there
it is more bad than fiat currency there are not valid rules from government about the coins also it is not good way for getting profit from investing in digital coins because moshtly of them will be scam in the ending, I made investments on the altcoins that has capitalization of markets, this way is more save than investments on MLM distributed coins.

When i do heard about MLM then one thing comes to my mind which is "Scam" i have lots of experience about this kind of schemes thats why its not ideal to invest on those coins which do have this kind of distributions and yes they do become scam in the end.

Only the Original MLM who develops his own products are genuine others who are creating MLM business to just scam it, because they know that in the initial stage if they pay for some time to the followers good income then surely other will also join and when their saturated point is reached they just vanish and run away with what ever amount they have got it.

So in the end MLM will be end in scam as they dont have any products to get profit.

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Quote from: densuj on April 02, 2017, 12:12:23 AM

Quote from: iamTom123 on March 30, 2017, 12:31:47 AM

I just read someone commenting that he will never invest his money on coins distributed the MLM way as he automatically equates them to be scams. Personally, I see nothing wrong with MLM per se as it can be an effective model to distribute products and promote business. However, it is also true that there are some in the MLM industry who are actually having that unfortunate ponzi orientations...you know those slash/burn/fly people.

I know that there are now many popular altcoin which are using network marketing and they are indeed reaching so many people on a global scale. Have you bought a coin via MLM way or you also shun coins distributed this way?

No i never make investments on MLM distributed coins, it is dangerous and high risk losing money in there
it is more bad than fiat currency there are not valid rules from government about the coins also it is not good way for getting profit from investing in digital coins because moshtly of them will be scam in the ending, I made investments on the altcoins that has capitalization of markets, this way is more save than investments on MLM distributed coins.

When i do heard about MLM then one thing comes to my mind which is "Scam" i have lots of experience about this kind of schemes thats why its not ideal to invest on those coins which do have this kind of distributions and yes they do become scam in the end.

densuj

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Quote from: iamTom123 on March 30, 2017, 12:31:47 AM

I just read someone commenting that he will never invest his money on coins distributed the MLM way as he automatically equates them to be scams. Personally, I see nothing wrong with MLM per se as it can be an effective model to distribute products and promote business. However, it is also true that there are some in the MLM industry who are actually having that unfortunate ponzi orientations...you know those slash/burn/fly people.

I know that there are now many popular altcoin which are using network marketing and they are indeed reaching so many people on a global scale. Have you bought a coin via MLM way or you also shun coins distributed this way?

No i never make investments on MLM distributed coins, it is dangerous and high risk losing money in there
it is more bad than fiat currency there are not valid rules from government about the coins also it is not good way for getting profit from investing in digital coins because moshtly of them will be scam in the ending, I made investments on the altcoins that has capitalization of markets, this way is more save than investments on MLM distributed coins.

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MLM is just an structured scheme similar to an investment scheme that might get the name as a Ponzi anytime soon, because those schemes were outlined purely basing profit. When the chained structure get collapsed in the middle the entire network gets failed. So using MLM as a path to distribute coins leads to failure.

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Quote from: Sled on April 01, 2017, 03:02:18 AM

I believed that the coins or altcoins that is connected to MLM people are scam because if a coin or altcoin is a real investment and if their coin has a good road map then it doesn't need some MLM things to do because road map,community and some sort of video presentations are enough to make their coin to the top just like what bitcoin did.

What do you think about edr, bitluna and lfc, I am not interested in three types of this altcoin, but fact that they still exist in market trading despite unstable prices. I have no problem if roadmap is clear and shares of ICO as scheduled, and doesn't develop pure altcoin types from MLM and ponzy. MLM/HYIP and Ponzi indeed received the bad title because average level of scamming above 70%, although there's always optimistic for long term, but always end up with the opposite. average MLM players always move into another business, this is what makes their community focus ruined.

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I believed that the coins or altcoins that is connected to MLM people are scam because if a coin or altcoin is a real investment and if their coin has a good road map then it doesn't need some MLM things to do because road map,community and some sort of video presentations are enough to make their coin to the top just like what bitcoin did.

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Quote from: piloder on March 31, 2017, 02:01:11 AM

Quote from: iamTom123 on March 30, 2017, 12:31:47 AM

Personally, I see nothing wrong with MLM per se as it can be an effective model to distribute products and promote business.

You are wrong brother, it has never been effective model to distribute products. The one who will get all profit are the one who is sitting on top of the MLM pyramid.

Quote from: iamTom123 on March 30, 2017, 12:31:47 AM

I know that there are now many popular altcoin which are using network marketing and they are indeed reaching so many people on a global scale. Have you bought a coin via MLM way or you also shun coins distributed this way?

We can't say this, they are selling their premined coins to newbies who even don't know what is crypto with the help of few people who are willing to scam newbies for few $ in profit.

No i haven't invested in any MLM crypto and i don't think i will ever invest in them.

And these altcoins getting popular from MLM are just complicated Ponzi schemes trying to pass themselves off as legitimate. They always collapse eventually.

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Quote from: iamTom123 on March 30, 2017, 12:31:47 AM

Personally, I see nothing wrong with MLM per se as it can be an effective model to distribute products and promote business.

You are wrong brother, it has never been effective model to distribute products. The one who will get all profit are the one who is sitting on top of the MLM pyramid.

Quote from: iamTom123 on March 30, 2017, 12:31:47 AM

I know that there are now many popular altcoin which are using network marketing and they are indeed reaching so many people on a global scale. Have you bought a coin via MLM way or you also shun coins distributed this way?

We can't say this, they are selling their premined coins to newbies who even don't know what is crypto with the help of few people who are willing to scam newbies for few $ in profit.

No i haven't invested in any MLM crypto and i don't think i will ever invest in them.

iamTom123

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Quote from: xuan87 on March 31, 2017, 01:26:09 AM

I won't labeled MLM coin as a scam coin, but for sure i will avoid to invest in that coin, because i think that coin won't last long and i agree that it is not a great way to distribute and people tend not to be fond of MLM coin, because the potential to becoming scam is quite high

Yes, they can not be automatically called or labelled as scam coins but the stigma of the MLM label can be following the coin making some people not interested with the coin. Unfortunately, MLM is associated with slash-and-burn type of people and though there are efforts to repair its reputation long as we have human nature associated with greed then it can be so difficult to clean the whole industry. However, it does not also mean that coins not distributed the MLM way can never be scams...just to be fair.

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I won't labeled MLM coin as a scam coin, but for sure i will avoid to invest in that coin, because i think that coin won't last long and i agree that it is not a great way to distribute and people tend not to be fond of MLM coin, because the potential to becoming scam is quite high

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Quote from: PokerDiceMan on March 30, 2017, 10:37:40 PM

Quote from: genny2kuk on March 30, 2017, 06:03:48 PM

MLM seems a good way to distribute coins in its early stages. What happens when participants decide to cash their coins enmass? Price falls. MLM should be a short run strategy if it will be effective.

you say distribution coin use MLM is good, i think is bad distribution system
you can see The billion coin, edinar coin, luna coin and more distribution use MLM system and ponzi scheme, only fast time is gone

Its really a bad distribution system on using MLM style and as mentioned above it would really tarnish coins reputation on the end.Just like the coins who are using this kind of distribution they are all gone and if not they have a bad reputation into the public thats why its not ideal to use this one.

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Quote from: genny2kuk on March 30, 2017, 06:03:48 PM

MLM seems a good way to distribute coins in its early stages. What happens when participants decide to cash their coins enmass? Price falls. MLM should be a short run strategy if it will be effective.

you say distribution coin use MLM is good, i think is bad distribution system
you can see The billion coin, edinar coin, luna coin and more distribution use MLM system and ponzi scheme, only fast time is gone

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MLM is not a great way to distribute a coin.
It might be effective at first but when coin will reach certain level of recognition, we will see argument from haters that coinX is a ponzi coin.
It will be enough to tarnish coin reputation. Building economic asset on MLM is not good way if you want to build long lasting economic network.

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Quote from: iamTom123 on March 30, 2017, 12:31:47 AM

I know that there are now many popular altcoin which are using network marketing and they are indeed reaching so many people on a global scale. Have you bought a coin via MLM way or you also shun coins distributed this way?

I haven't done both of the choices.

I give you my perception, Did you ever seen Ponzi scheme coin such as EDR, TBC?

Every coin had built from the Ponzi system that was having a mean to fool a lot of the people, Stole the investor or buyer's money.

Every coin was using the ponzi scheme should be granted as a suspicious thing or scam purpose.

Qartada

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Even if MLM systems help to spread information about the coin, they're still bad for people in general because naturally these schemes make most people fail as they are based around Ponzis.

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Quote from: genny2kuk on March 30, 2017, 06:03:48 PM

MLM seems a good way to distribute coins in its early stages. What happens when participants decide to cash their coins enmass? Price falls. MLM should be a short run strategy if it will be effective.

there is a positive impact. but for me MLM more have a negative impact on the views of people who use it.
Most people will suffer losses if using a system like this. you certainly do not want to lose?

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MLM seems a good way to distribute coins in its early stages. What happens when participants decide to cash their coins enmass? Price falls. MLM should be a short run strategy if it will be effective.

iamTom123

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I just read someone commenting that he will never invest his money on coins distributed the MLM way as he automatically equates them to be scams. Personally, I see nothing wrong with MLM per se as it can be an effective model to distribute products and promote business. However, it is also true that there are some in the MLM industry who are actually having that unfortunate ponzi orientations...you know those slash/burn/fly people.

I know that there are now many popular altcoin which are using network marketing and they are indeed reaching so many people on a global scale. Have you bought a coin via MLM way or you also shun coins distributed this way?

Topic: Do You Equate MLM-Distributed Coins To Be Scams? (Read 1015 times)