Topic: rmcrypt.com - Ponzi scheme sugarcoated as a platform for sharing "donations" (Read 249 times)

That would be a very good sign. We have seen on the forum many attempts at scams masquerading as kind actions. Seeing them eventually give up and leave the forum is always a pleasure.

Edited to say that we seem to have succeeded, as the OP hasn't logged in the forum for 4 days.

Already answered this one. I'm beginning to see that no one bothers to check the actual criteria for a Ponzi. Everyone here is just relying on individual subjective opinion.
RMCRYPT.com is being suggestive as marketing strategy just like the ordinary day to day advertisement.

We're starting to go on circles so that might be a sign that we're done here. We've laid out everything about our system and how it works. We have made the necessary arguments to oppose this accusation.

The members of this group seem to fail to understand that this innovation does not have the necessary requirement to qualify as Ponzi. Despite the accusations it is our deepest regret that no one actually has the will to test and this discussion has ended up in a deadlock.

We do however thank you for the opportunity and we'll make sure to apply what we learned here to our next update for the app.

We'll leave it to the reader's discernment how they will view the app and the creators and hopefully they'd be part of this initiative.

FOR THOSE WHO WOULD LIKE TO PARTICIPATE
Please check with your local laws and/or ordinance regarding sending/receiving donations using this app and please let us know.
We'll make all possible changes and requirements to comply with the law.
We aim to improve and we'd love to hear from you.
ie, We've made updates to our notification as our means to improve on areas that was pointed out by kind members of this forum
Send us an email [email protected]

Best wishes to all and have a great life.  

You're a broken record trying to defend something that is obviously a Ponzi scheme How can that be a donation distribution system when it is clearly stated in your message


When you make a donation you don't expect a return of your donation if you expect something in return it is an investment if you are blind don't lead us to the dark you are naive here, the community has been fighting scams and Ponzi Scheme for many years already, should we have to educate you on what a Ponzi scheme is, you have the internet help yourself by checking its meaning.

Wow, first one to actually suggest it's a waste of time to discuss and defend one's self.
Does everyone who ever been accused of being a scammer here just roll over and die because mutli-badge member said so?
It thought that only happens in North Korea. ( Sorry NK guys, it is true but don't worry, you got more badges than these guys. You can beat up a little girl to death with a single stare ).

I thought we placed that on the last line of the email notification as a back out step -not to send donation if they feel it's a mistake.    

Lastly you did see the problem with giving out coins when the system actually has none right? Never heard of any financial entity to operate in such a magical way.
Those ones you should be afraid of. Could be taking your soul for all we know.

If someone told me to touch the fire, it does not burn, why I would risk touching it to prove that he is wrong? All evidence indicates that you are a scammer and you are asking users to try the service?

Go on and take a shot.
I know scammers who are willing to scam you out of a dollar let alone 0.002BTC.


Instead of wasting your time and ours, you did not provide any evidence explaining how to achieve profits. If the system is based on donations, leave the option to the user to get free money and then decide whether to donate to the system or not.

I do not advise anyone to deposit a single satoshi to this site, and I will not remove the negative trust from your account.

I think that's the problem right there. There's an automatic assumption that it will fail at its peak and suddenly stop operating because that's the primary fault of a Ponzi. The fear of saturation and eventually collapsing on itself because of the inability to payoff promised profit to members.

I might sound like a broken record here, We don't operate with investments. It's a donation distribution system. We don't promise. It's not a Ponzi and your assumptions does not apply.

The system will run tasks to distribute coins as the machine is designed to do. In a way you are correct. It is a gear and it needs coins to distribute to who ever needs it. The donor plays the most critical role. It's a vending machine. You don't put coins in then there is no output and that's fine because it does not mean it's the end. It just sits there and waits for the next person to make donation. There's nothing to compel it to produce coin in specific amount and time because in the first place it's does not run on investments and financial commitments, no investors, just donations.  

This does not prove anything as it is well known that ponzi schemes work especially at the beginning. They rely on people believing that they work, and more dupes enter the system. That's what you would like, that we would deposit and start saying in bitcointalk that the system works, when all we would be doing is feeding the big ponzi gear, with which you would disappear at the optimal moment.

Language please. We're trying to keep things civilize here. This is a respectable forum, I mean I think it is. There should be rules for that? You gust are all bout rules right?

Again good point and thank you @dansus021. It does look like it's too good to be true at first glance coz we failed to mention that donation BTC1.4 to BTC2.4 does not come all at once but in small amounts as the system break down incoming donation into smaller quantities.
Still the fact is that the participant will continue to receive coins until the said limit has been reached.  
We'll update our email notification.

The page is plain dull. Even if we did have the necessary resources to improve it I think it will end up the same because we don't want to add anything there that could mislead people. We want to advertise what it can do, not how it looks. We like the simplicity. We don't want people to feel they are being lured into something while viewing the page. We want people to look at it and see a machine that does a specific job nothing more.

Bro it win-win solution you give them a donation and they give you back as a mention on their site "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" 

What a Joke, I mean just look at their site  and who the F actually deposited in their site  . I just hope people nowadays are getting smart

It's an anonymous donation system. We don't have mechanism to identify who's who.
So we do not suggest you post your findings here to protect your credibility. You can keep it yourself.
What we want is for this persecution to stop. That's all.

It's all just TALK so far but I guess it's the nature of the forum, right? Making theories, assumptions and building your weak case to accuse people.
We can live with that. If that's how it's done here then we don't have to justify ourselves to the readers.
They can probably predict how discussions here will turn out. We're probably just a classic case of good initiative posted on the wrong forum and that would be a relief.

Why, so You can use our test to make a testimonial that your system works and use it to invite people to try your concept thereby the tester ended up part of your promotion, If any member tests it here of course you will make it appear your concept works and use members of Bitcointalk who tried and test it and it work.
You'll have a good promotion that Bitcontalk members tried and it works, We end up helping your scheme to promote so it's a trap, nice try but Thanks but no thanks.

You can continue on speculating or you can test it. It only takes two registration to verify that its working as designed.
You think BTC0.002 it's worth the trouble building and maintaining this app? If we do runaway with your coin you got yourself an entire blockchain to prove that we did and you can post everywhere to put an end to this app.
Go on and take a shot.

I haven't left negative feedback for the original account, rmcrypt, because Bitcoin_Arena says it has already been banned, so I don't think it's worth it, but I don't see the ban on bpip.org.

Anyway, we have to do what little we can from the forum against these scammers.

They deserve this and it is about time, These Ponzi Scheme operators are good at structuring words because that's all they have to entice people to invest, they are influencers and lawyers roll into one, MMM and Ponzi operators are good at convincing people they have trained themselves to do this because they have no product or services to promote the people's money is their products and their selling point.

I added a negative trust.

Trying to write a lot of words will not change the fact that what you are offering is a ponzi scheme. All the meaning of the word is present in your system. You promise users that you will achieve a return without explaining how that will happen. You say that the profits will be randomly distributed to the users, but you can easily create an account and withdraw money for you.

you say you do not receive fees, so how does the site work?   In the end, there is no explanation for the importance of what it offers except that it generating money from money.

This is a full-blown scam. I laughed a lot at the following, although it's no joke:


So, they're going to rip you off and you'll never hear from them again.


In this forum we know what donations are, many have been organised to support charitable causes or other projects, I myself have donated many times but what we also know is how to recognise scams, so I will not donate to your ponzi scheme.


So what we have to have is faith in your system.

@coin-investor
And that same lawyer will ask for things like amount, time and date to expect the promised profit.
Which are critical factors to qualify as fraud coz maybe you're mistaken with rmcrypt.com's suggestive approach.
It's called marketing, you see it everyday practically everywhere like TV ads

We are well aware of what we put in the email notification. And it does look like we need to update that message as it sound different now that we're being accused.
Thanks you @coin-investor

@Bitcoin_Arena sorry man. We just had to respond to that last one.
This accusation thing is hard. Is there even an acquittal forum here?   
It would be very good to know if it's possible to get one.

Lest you forget you have this in your automated message.


A lawyer once told his clients to always tell the truth so they will not have to remember anything, Whatever explanation you posted even if it comprises 10 pages the fact is you promoted your platform as a means to make easy fast money and you even posted to promote the application like how MMM and Ponzi schemers do their campaign.

Thank you @yhiaali3
If majority is required then we're no longer looking to win the argument here. We're but a small group trying to introduce a great innovation. Makes me think what's the point of a forum then.

I'm sorry if the statement that rmcrypt.com has similar characteristics to a Ponzi lead the members to believe that we are admitting to scam operation.
It was meant to humor coz if that is the case, all businesses are Ponzi. Lure people to a product or service that supposed to produce good result and if does not, then sorry, thanks for buying.
If that's indeed the premise then we are allowing Bitcoin to be defined as ponzi as some well known financial personalities has publicly stated and still insist that Crypto is a sham.
You invest at your own risk and if it fails then sorry, again, thank you for playing. That's practically the motto of the entire stock market.

And yet here we are innovating to bring back the interest and hype that once was.

Here's the characteristics of Ponzi as we see it
- Fraudulent
- Unsustainable
- Secretive
- Difficulty with payments or does not pay at all

I bet it has triggered a lot of extensive debate everywhere as to actual criteria coz even legit businesses will fall under the same category if you make the list too long   ( a lot already falls under the last criteria )
Ever thought that a chicken might have objections to being called a bird for having wings? That's how these businesses would feel and how we feel right now. Thus our continuous effort to convince readers otherwise.

RMCRYPT.com does not force people to join or promise great returns. It's a picture of what could be. A new hype that can push bitcoin value up indefinitely
It's a wonderful platform where in you can ask for financial help just by posting your BTC address. Sending help is also just as easy.
It promotes kindness in its pure form. Non-selective, no prejudice or discrimination, no profiling. Everyone gets their turn.


@Bitcoin_Arena Sorry about that. We couldn't help but respond right away since this is our first project.
Will return with our original account once ban has been lifted. Thank you so much for giving us the chance to respond.
See you in a few days

@rmcryptdeveloper it seems you are fond of breaking forum rules. Your other account was banned, and now you are evading ban. Are you aware that this account is going to get banned as well once reported?

I saw your message and I didn't want to respond to an already banned user. Maybe I will come back here later once you have sorted out your issues with the Admins and mods.

Read the forum rules for once.