Here's the logic behind this app.
If a person "donates" $10,000 to a charity ball, that individual is not only gaining access to expensive dinner and a fancy venue with good entertainment. That individual is also gaining access to wealthy people, chance to meet and pitch business ideas. Which is an opportunity to get funding.
RMCRYPT.com intend to simplify this process by letting a participant donate BTC0.001 and remove the uncertainties( no need to donate $10,000 ). The system places their account in queue where they'll get their turn to receive funding every round. If a participant donated out of pure kindness and does not wish to be rewarded ( very rare but it happens ), they can simply donate the entire proceeds back into the system so others may benefit from it. All these done anonymously, no names, no phone or home addresses. System does not care who or what you do and what you have done or what you will use the money for. If a participant registers a BTC address, the system won't care if it belongs to wakanda orphanage or the wakanda army. It only identifies these accounts as owned by people who needs financial help regardless of degree.
The bigger goal is to create a hype enough to raise Bitcoin value in a continuous upward trend. Success stories is our key to reach that goal. Although the system produces just an artificial demand the outcome will be beneficial to all who owns Bitcoin. Especially for the ones who have lost so much in crypto like us.
In short, RMCRYPT.com is just a distribution system, nothing more. The only proof we can provide is the transaction records which is already available to the public. Make donation and see how it's distributed. If you don't agree the way it's distributed, let us know and we'll return your coins. We'll put your account as "acceptance testing". Just let us know before you make the transaction so we can acknowledge and let you know we have enough funds to return your coin before you do testing.
We posted in this forum to trigger a discussion and learn from it. So please give it some thought and don't shoot us in the head right away.
Topic: rmcrypt.com bitcoin sharing app (Read 151 times)
Thanks for the input guys. Honestly, We're still working on the wordings. None of us ever did something like this before and we know it will be a difficult sell. We do apologize for the incoherence. We're practically newbies in this field.
It does have the characteristics of ponzi scheme. We're not denying it. We do avoid the term because of the negative vibe it brings. Just like any other business rmcrypt.com aims to bring people onboard with the product. In this case the goal is to get people to buy more Bitcoin, plain and simple. We can't convince anyone to join the rally if there's nothing in it for them. So we placed all our effort to perfecting the algorithm instead of some fancy page design and legally sounding paragraphs.
The system is set to drain itself of every single coin every 10 minutes and give it all away to participants. I guess that's what we meant to say by "no support staff" because it's fully automated. No one behind the curtain making adjustments to our advantage whatsoever. Yes it's not the best way to promote Bitcoin but it's the most effective. If some lucky individual decided to take the first step and donated BTC0.001 earning him/her BTC1.5 in less than 6 months from people sending donation to the system, we can call it a success.
So what what's the difference?
- We're not misleading or deceiving anyone. We clearly state what we plan to do with your donation and provide option to back out should you wish to do so.
- We're not promising returns. We explain how the system works and how one can profit from it.
- We're not taking any fees for this service. Everything is distributed to participants and transaction fees are paid accordingly to support the Bitcoin ecosystem.
And yes, we prefer to call it "donation" because money goes to fund somebody else's needs, something we tried very hard to convey in the notification without sounding to ponzi-ish and still make sure people know where their money is going before they send it. We grew tired of deliberating what qualifies as ponzi scheme so we just went ahead and roll with it because if things work out everyone gets to profit from it. At that point ( and we do hope we get there ) it will be far from just being a money making scheme. It would be something that really helped a lot of people.
We're not hiding anything other than our identities ( why? ask satoshi ). But then again I guess we need to be clear about not hiding anything. We do plan to take part in it, to profit (coz somebody got to pay the bill for these servers), but not until a few milestones. It runs on queuing recipients and right now we'd rather aim for thousands of success stories before jumping in ourselves. It's going to be a difficult road ahead. We're practically swimming in a pool of scammers skilled in disguising their intent and no matter what we say, in the end it's a person's choice whether or not to send that BTC0.001. All we can do from our side is wait for the system to do its thing and repay the kindness a thousand fold. The app might not even get any traction that it needs coz people are hard to convince these days. We know coz we even struggled to convince ourselves to build this and now we're just hoping it will work.
The only risk we see here is if for some reason the service gets banned in every country ( like China ) and we're not able to migrate data forcing us to stop operation in which case you lose BTC0.001
On the upside, we did learn how to code a web page :-D . We might still be able to find a way to resume in some other form of service for the benefit of the participants.
Thanks again. We've been developing this for the past year and there are areas which obviously needs improvements. We are very much open to suggestions.
It does have the characteristics of ponzi scheme. We're not denying it. We do avoid the term because of the negative vibe it brings. Just like any other business rmcrypt.com aims to bring people onboard with the product. In this case the goal is to get people to buy more Bitcoin, plain and simple. We can't convince anyone to join the rally if there's nothing in it for them. So we placed all our effort to perfecting the algorithm instead of some fancy page design and legally sounding paragraphs.
The system is set to drain itself of every single coin every 10 minutes and give it all away to participants. I guess that's what we meant to say by "no support staff" because it's fully automated. No one behind the curtain making adjustments to our advantage whatsoever. Yes it's not the best way to promote Bitcoin but it's the most effective. If some lucky individual decided to take the first step and donated BTC0.001 earning him/her BTC1.5 in less than 6 months from people sending donation to the system, we can call it a success.
So what what's the difference?
- We're not misleading or deceiving anyone. We clearly state what we plan to do with your donation and provide option to back out should you wish to do so.
- We're not promising returns. We explain how the system works and how one can profit from it.
- We're not taking any fees for this service. Everything is distributed to participants and transaction fees are paid accordingly to support the Bitcoin ecosystem.
And yes, we prefer to call it "donation" because money goes to fund somebody else's needs, something we tried very hard to convey in the notification without sounding to ponzi-ish and still make sure people know where their money is going before they send it. We grew tired of deliberating what qualifies as ponzi scheme so we just went ahead and roll with it because if things work out everyone gets to profit from it. At that point ( and we do hope we get there ) it will be far from just being a money making scheme. It would be something that really helped a lot of people.
We're not hiding anything other than our identities ( why? ask satoshi ). But then again I guess we need to be clear about not hiding anything. We do plan to take part in it, to profit (coz somebody got to pay the bill for these servers), but not until a few milestones. It runs on queuing recipients and right now we'd rather aim for thousands of success stories before jumping in ourselves. It's going to be a difficult road ahead. We're practically swimming in a pool of scammers skilled in disguising their intent and no matter what we say, in the end it's a person's choice whether or not to send that BTC0.001. All we can do from our side is wait for the system to do its thing and repay the kindness a thousand fold. The app might not even get any traction that it needs coz people are hard to convince these days. We know coz we even struggled to convince ourselves to build this and now we're just hoping it will work.
The only risk we see here is if for some reason the service gets banned in every country ( like China ) and we're not able to migrate data forcing us to stop operation in which case you lose BTC0.001
On the upside, we did learn how to code a web page :-D . We might still be able to find a way to resume in some other form of service for the benefit of the participants.
Thanks again. We've been developing this for the past year and there are areas which obviously needs improvements. We are very much open to suggestions.
RegisterMyCryptoto (rmcrypt.com) system guarantees fair distribution of coins to participants. However, it does not guarantee when. Distribution only occurs whenever a donation has been made. The distribution interval could be anywhere between minutes to days to seconds depending on the volume of donations.
Sorry but nobody is going to use this service if they are not guaranteed to get any money but only losses until some other sucker joins. See the problem?
I have not seen such a blatant attempt at a ponzi scheme since ponzi.wtf from 4 years ago (thread).
As OP says:
Use the app at your own risk.
Wow, so this one of those schemes that tries to sugarcoat the wording as "donations" but in actual sense it's no different from a Ponzi/pyramid scheme which are all classified as scam in this forum
Out of curiosity, I registered and guess what?
This is what I received in my email address
"Give and you shall receive" Biggest Joke I have read in a while
Out of curiosity, I registered and guess what?
This is what I received in my email address
Quote from: <[email protected]>
You have successfuly registered your Bitcoin wallet address
Your account is 2QFD69
Please visit https://rmcrypt.com/status.php?user=2QFD69 to see account status.
Donate at least BTC0.001 to activate and start receiving free coins.
Please send your donations to bc1qwpapv75sasqyxdrzrpd4t2drdhg8t0vujqd9s5
QR Code: https://chart.googleapis.com/chart?cht=qr&chs=300x300&chl=bc1qwpapv75sasqyxdrzrpd4t2drdhg8t0vujqd9s5
Give and you shall receive.
Your donation will be distributed to all participants and in turn you will receive donations from other users with a total amount of BTC1.4 to BTC2.4 depending on the rate of transaction fee at the time of distribution. This limit is to provide equal opportunity to all participants. However, you can register multiple addresses to increase your limit.
Your Bitcoin share will be sent direct to your registered wallet address.
rmcrypt.com is an automated system which will serve as your tool to earn money as fast as possible. It is not pretty but it is efficient and most of all, it works.The more participants, the greater the demand, the faster you get coins from this system. So don'f forget to share this app to all and watch the money flow to your wallet.
NOTE: Please double check your registered wallet address and that you have necessary access to it.
We want to send you coins that you can use immediately without delay.
If there was a mistake, DO NOT make a donation and the account will be deleted automatically after 24hrs.
Thank you and good luck,
[email protected]
Your account is 2QFD69
Please visit https://rmcrypt.com/status.php?user=2QFD69 to see account status.
Donate at least BTC0.001 to activate and start receiving free coins.
Please send your donations to bc1qwpapv75sasqyxdrzrpd4t2drdhg8t0vujqd9s5
QR Code: https://chart.googleapis.com/chart?cht=qr&chs=300x300&chl=bc1qwpapv75sasqyxdrzrpd4t2drdhg8t0vujqd9s5
Give and you shall receive.
Your donation will be distributed to all participants and in turn you will receive donations from other users with a total amount of BTC1.4 to BTC2.4 depending on the rate of transaction fee at the time of distribution. This limit is to provide equal opportunity to all participants. However, you can register multiple addresses to increase your limit.
Your Bitcoin share will be sent direct to your registered wallet address.
rmcrypt.com is an automated system which will serve as your tool to earn money as fast as possible. It is not pretty but it is efficient and most of all, it works.The more participants, the greater the demand, the faster you get coins from this system. So don'f forget to share this app to all and watch the money flow to your wallet.
NOTE: Please double check your registered wallet address and that you have necessary access to it.
We want to send you coins that you can use immediately without delay.
If there was a mistake, DO NOT make a donation and the account will be deleted automatically after 24hrs.
Thank you and good luck,
[email protected]
"Give and you shall receive" Biggest Joke I have read in a while
RegisterMyCrypto (rmcrypt.com) is the first ever coin sharing web app designed to promote Bitcoin. The goal is to increase demand and therefore increasing the value. We also aim to bring positive view of Bitcoin as a legitimate currency by providing opportunity for everyone to profit using this platform.
How it works:
Every donation is distributed to bitcoin wallet addresses registered in the system. A registered wallet has a corresponding account with system limit. Maximum donated limit may vary from BTC1.7 to BTC2.4 depending on the transaction fee at the time of distribution. This means this system will stop sending coins to an account upon reaching the maximum limit to give everyone equal opportunity. Every coin is sent directly to registered bitcoin wallet.
Note:
RegisterMyCryptoto (rmcrypt.com) system guarantees fair distribution of coins to participants. However, it does not guarantee when. Distribution only occurs whenever a donation has been made. The distribution interval could be anywhere between minutes to days to seconds depending on the volume of donations.
A user may register multiple wallet to increase share limit.
Notification are sent via registered email. This system will NEVER ask for your name, home address, phone number or any personal information other than your email.
Warning:
RegisterMyCrypto (rmcrypt.com) system, like bitcoin, does not have a middleman, company or support staff to assist you with your concerns. It is subject to the rules of law governing the land where the system is hosted and can or will be shutdown by authorities if deemed necessary. Unfortunately, Bitcoin has not been recognized as legal tender globally. Use the app at your own risk.
How it works:
Every donation is distributed to bitcoin wallet addresses registered in the system. A registered wallet has a corresponding account with system limit. Maximum donated limit may vary from BTC1.7 to BTC2.4 depending on the transaction fee at the time of distribution. This means this system will stop sending coins to an account upon reaching the maximum limit to give everyone equal opportunity. Every coin is sent directly to registered bitcoin wallet.
Note:
RegisterMyCryptoto (rmcrypt.com) system guarantees fair distribution of coins to participants. However, it does not guarantee when. Distribution only occurs whenever a donation has been made. The distribution interval could be anywhere between minutes to days to seconds depending on the volume of donations.
A user may register multiple wallet to increase share limit.
Notification are sent via registered email. This system will NEVER ask for your name, home address, phone number or any personal information other than your email.
Warning:
RegisterMyCrypto (rmcrypt.com) system, like bitcoin, does not have a middleman, company or support staff to assist you with your concerns. It is subject to the rules of law governing the land where the system is hosted and can or will be shutdown by authorities if deemed necessary. Unfortunately, Bitcoin has not been recognized as legal tender globally. Use the app at your own risk.
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