Mmm global | Bitcointalksearch.org

lemipawa

legendary

Activity: 1708

Merit: 1006

Quote from: tmfp on November 11, 2015, 07:28:31 AM

He's having some trouble with his new ~~customers~~ victims already, there was an alert on MMM Global this morning warning of people trying to scam by direct contact, pretending that transfers had been made.
I thought I'd screenshot it, but I didn't Embarrassed

That's not new in the MMM world, they don't rely on sending TXID as proof that an amount was sent to the other parties BTC address, what they do is screen shot the transaction and send the screen shot to the other party. Sending TXID is optional. I've seen complaint's in their Facebook Page about photo shopped screen shot, and some are even complaining about incorrect amount sent like missing a few Satoshis.

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

He's having some trouble with his new ~~customers~~ victims already, there was an alert on MMM Global this morning warning of people trying to scam by direct contact, pretending that transfers had been made.
I thought I'd screenshot it, but I didn't Embarrassed

hector3115

sr. member

Activity: 481

Merit: 251

Sergei better start drumming up some new money quick or this ponzi won't survive the first month!!!!!

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Quote from: European Central Bank on November 10, 2015, 02:21:26 PM

Where does the main man siphon off his money if it's all peer to peer?

It's peer to peer via conversion into Mavros, MMM's centralized tokens/coin, the exchange rate for which is determined by the admin.

Quote

http://mmmglobal.biz/faq/

Mavro is a conventional unit for measurement of participant's contribution in MMM. For instance, if a participant has granted $100, he receives 100 mavro-dollars. Possible Mavro’s growth rate is 30% per month. The amount of mavros in the participant’s PO shows the maximum amount of assistance he can ask for. For example, if the participant has 100 mavro-dollars, he can ask for $100 assistance. The number of growing mavros and progressive calculation of the amount of help can be seen directly in your PO in the section “Mavro”. Attention! Mavro is not a currency, it is not any kind of debt obligation or other form of financial assets. With mavros, you can’t buy any goods or services. At any time the number of mavros, rate of growth and the types of mutual-aid programs can be changed in the interest of the stability of the Community in order that participants continued to get help.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: TheGeorge on November 10, 2015, 02:24:39 PM

I think the rise of bitcoin from 250 to 500 is not just caused by MMM. Otherwise there is no reason for it to drop from 500 to 350. There is no news about the collapse of the Ponzi scheme.

The rise from 200 to 300 probably was caused by MMM and the rise from 300 to 500 by speculators who think MMM will drive up demand. Or the other way around.
That is not entirely without merit though as it would be boring if prices continue on their downward slope now and that ponzi could attract lots of people who have no regard for their losses because they think they can cash out before it collapses.

TheGeorge

full member

Activity: 133

Merit: 100

Quote from: Nemo1024 on November 10, 2015, 02:11:31 PM

Looks like this thread is best place for the following:

Some info that may or may not be accurate. Sergej Mavrodi, the founder of a monetary pyramid MMM that stripped many Russians of their meagre savings during the Wild 90's is back in action. Yesterday he said that Bitcoin is useful for his MMM projects operating from China, and that he can crash the price at any moment if he chooses to do so.

https://www.vedomosti.ru/finance/articles/2015/11/05/615733-mmm-sergeya
http://www.rbc.ru/finances/09/11/2015/564098689a794742da316379

I am not sure if what he says is 100% correct or if he draws attention to himself, but I wouldn't underestimate his ignominious "talent" for parting people with their money. To put things into perspective, compared to Mavrodi and his MMM, Karpeles and Mt.Gox was an exemplary honest company headed by a charitable founder.

Personally, I'd rather see BTC at 250 without Mavrodi, than at 500 with him.

I think the rise of bitcoin from 250 to 500 is not just caused by MMM. Otherwise there is no reason for it to drop from 500 to 350. There is no news about the collapse of the Ponzi scheme.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Where does the main man siphon off his money if it's all peer to peer?

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

The plot thickens.

Nemo1024

legendary

Activity: 1680

Merit: 1014

Looks like this thread is best place for the following:

Some info that may or may not be accurate. Sergej Mavrodi, the founder of a monetary pyramid MMM that stripped many Russians of their meagre savings during the Wild 90's is back in action. Yesterday he said that Bitcoin is useful for his MMM projects operating from China, and that he can crash the price at any moment if he chooses to do so.

https://www.vedomosti.ru/finance/articles/2015/11/05/615733-mmm-sergeya
http://www.rbc.ru/finances/09/11/2015/564098689a794742da316379

I am not sure if what he says is 100% correct or if he draws attention to himself, but I wouldn't underestimate his ignominious "talent" for parting people with their money. To put things into perspective, compared to Mavrodi and his MMM, Karpeles and Mt.Gox was an exemplary honest company headed by a charitable founder.

Personally, I'd rather see BTC at 250 without Mavrodi, than at 500 with him.

blunderer

full member

Activity: 154

Merit: 100

Quote from: DaddyMonsi on November 10, 2015, 09:45:31 AM

... they should not invest in MMM but lets respect their decision in going into that direction since that is their way put food on to their tables.

Respect stupid, greedy people for being stupid and greedy?

DaddyMonsi

legendary

Activity: 1344

Merit: 1006

I would bet my a** there are MMM investors here keeping silent and just watching how people here react with their scheme. They would rather keep silent than go into discussion. I agree with the statement of others here, lets just tell them why they should not invest in MMM but lets respect their decision in going into that direction since that is their way put food on to their tables.

kwukduck

legendary

Activity: 1937

Merit: 1001

If you consider everyone planning to dump their btc when it's profitable in fiat 'not real bitcoiners' then the whole community is 98% non-bitcoiners...

kwukduck

legendary

Activity: 1937

Merit: 1001

Quote from: solid12345 on November 10, 2015, 09:12:48 AM

Good lord people, if you honestly think MMM is responsible for bringing in daily volumes of $150-$250 million for 2 weeks then maybe the Bitcoin community needs to re-evaluate how they communicate to the outside world if this one loser managed to bring in more new BTC wealth than anyone in years.

As I said many times before, the potential is enormous but as long as people don't care nothing will happen.
As it stands now people still don't care, most people aren't even aware of the problems our economy faces and the ones that are consider it to be too big of a problem to be solved by them and think it's up to big corporations and governments to solve it.

Anyway, mmm could very well be responsible and it's not because of one man. Mmm works by people for people. Many people buying small amounts of btc to help others in need. This easily gets a huge volume.

solid12345

legendary

Activity: 1246

Merit: 1000

Good lord people, if you honestly think MMM is responsible for bringing in daily volumes of $150-$250 million for 2 weeks then maybe the Bitcoin community needs to re-evaluate how they communicate to the outside world if this one loser managed to bring in more new BTC wealth than anyone in years.

jacee

legendary

Activity: 1302

Merit: 1025

Quote from: UnknownUsername on November 10, 2015, 07:25:35 AM

Quote from: Swordsoffreedom on November 10, 2015, 07:06:12 AM

Quote from: hector3115 on November 04, 2015, 08:24:18 PM

If this was really the cause, couldn't that be easily tracked by checking the balance of the mmm global address? We should be able to tell exactly how much they've raised, correct?

As others already mentioned there is not really a trackable address for them that people can look towards
That said it is highly unlikely they make up all the trading volume that caused the rally.

I think its trackable coz i'm not sure but i think coins.ph have banned accounts associated with that website by using the btc address

Using coins.ph in MMM is against their TOS. I don't think they are banning accounts tho they are giving them warnings and even if they still violate their TOS I think yhey hold the account to stop transactions in it. It's untraceable not until someone would report it.

UnknownUsername

full member

Activity: 224

Merit: 100

Quote from: Swordsoffreedom on November 10, 2015, 07:06:12 AM

Quote from: hector3115 on November 04, 2015, 08:24:18 PM

If this was really the cause, couldn't that be easily tracked by checking the balance of the mmm global address? We should be able to tell exactly how much they've raised, correct?

As others already mentioned there is not really a trackable address for them that people can look towards
That said it is highly unlikely they make up all the trading volume that caused the rally.

I think its trackable coz i'm not sure but i think coins.ph have banned accounts associated with that website by using the btc address

Swordsoffreedom

legendary

Activity: 2884

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

Quote from: hector3115 on November 04, 2015, 08:24:18 PM

If this was really the cause, couldn't that be easily tracked by checking the balance of the mmm global address? We should be able to tell exactly how much they've raised, correct?

As others already mentioned there is not really a trackable address for them that people can look towards
That said it is highly unlikely they make up all the trading volume that caused the rally.

NLNico

legendary

Activity: 1876

Merit: 1303

DiceSites.com owner

Quote from: lemipawa on November 04, 2015, 08:34:51 PM

Quote from: hector3115 on November 04, 2015, 08:24:18 PM

If this was really the cause, couldn't that be easily tracked by checking the balance of the mmm global address? We should be able to tell exactly how much they've raised, correct?

We can't trace that because MMM doesnt have a hot wallet and all they do is assign a BTC address to another member to send BTC, all MMM have in their data base is just the information of the members and how much members have invested. It can be traced if we can hack their data base.

This is true. I also did some basic tracking from Youtube videos, and most addresses were indeed just addresses from CoinBase, OkCoin, Huobi, bx.in.th, etc.

The other thing I consider, is that the "biggest users" of MMM Global are most likely the operators/owners (how else would they make profit?) - so potentially you can get the wallet of them with addresses from them. If you can see the transactions there, you could maybe make an estimation. But it is indeed not as easy as site/hot wallets.

jacee

legendary

Activity: 1302

Merit: 1025

Quote from: ?? on ??

Quote from: CrimBit on November 04, 2015, 08:27:43 PM

what is that ? what is MMM Huh

It's a pure ponzi ?

Hi! Why do you think it's a pure ponzi? It actually pays out -)

You do realize how a ponzi works right? I see that you are promoting MMM Global here, let me tell tou if you don't understand how Mavrodi steal your money. It's a pyramid dude. Everone in the bottom will loose their money and all in top will get them. How can you say that it is not a ponzi?

hector3115

sr. member

Activity: 481

Merit: 251

Stupidest idea ever. The Chinese are smarter than that aren't they?

Topic: Mmm global (Read 2237 times)