Topic: Scam Alert The Billion Coin - Ponzi Scheme (Read 99572 times)

I invested in this scam at the time that I don't know much about Cryptocurrency but am lucky to be able to sold it out and Inalso made some profits from it.

I have seen their counter-arguments on many blogs that even bitcoin started out this?
1. What is the ideal project behind this scam?
2. Why does it not adhere to price supply and demand just basic economics (mind you I am an economist by profession and can take this argument away from any supporter brainwashed by their scam software formula.
3. As a hodler of TBC  are you really in charge of your wallet if you signing some agreement and when you violate you loose your investments?
4. There is no where even in 2009 that bitcoin advocated for MLM model for those who have read the satoshi whitepaper. And this may be a source of argument so I need to dig deeper. TBC is promising its supporters of their investment rising with more members who get on board right? Thus, it follows the principle of "demand and supply" which innately should claim if guys dump the coin the price should automatically slump.
5. Why is it being championed to help the poor anyway by having them invest and solving real practical challenges facing them and make their livelihood sustainable? The coin is highly being promoted in developing countries such as Philippines, Kenya, Nigeria etc. They know the poor are gullible and most likely not to investigate or do due diligence because of their anxiety to put out their unfortunate state. Truth be told its the biggest scam ever.!

Thanks for your research and that you have shared with us. I have seen the site where are all of scam icos listed on it, and also updating daily I have just forgot what was his name so that's a great site.

Read this: https://pastebin.com/ZUxTmR99

I believe  time has helped us come to the right conclusion that TBC is scam. As rightly mentioned a 1-5% increment in price everyday is not feasible or doable.  Only gullible ones who don't do research and go by hear-say fall into this scam and lose money. 

I'm a newbie, sorry. Ponzi=mlm, or not?

It is only a gullible set of people will fall for this kind of scam. i have seen this ponzi scheme even advertise on some local television station in my country. the problem with people that patronise this kind of scheme is that they want to make a large sum of money with a short period of time. they does not do any background check to see what this is all about. no goal. nothing. who are those behind the coin and which exchanger is this coin being listed?

Obviously, I have cause to doubt them. No proper information about it could be found. I once had a few TBC worth $90 but lost them when I tried trading them in the only exhange recommended (and probably owned) by the TBC website. It never went through, and there was no way I could cancel my transaction.

Gathered user data and that is it. Goodbye. Such campaigns are very much now on the market. Must be well versed on the topic before you start working with the campaign.

The billion coin, quite funny this altcoin does not fall in value, meaning the market has no impact on the price, making it quite centralized. No source code, is not the market exchange. I personally think is a scam. If not they gotta give elaborative document on the coin

How much did you invest in this project? And how much did they pay you to defend this project? Oh, btw, have you seen this? https://www.youtube.com/watch?v=d6Ky-helFrI

Someone offered me this and I was skeptical and before it was $0.50, looks like Bitconnect and MMM for me. So thinks The Billion Coin is people money's ponzi

Please what are your doubts?
Kindly share them !

seems interesting, but it terms too loong
why?
I have some doubts
Thanks for warning

Simple questions and the derived answers plus some researches will make you have a bright idea on whether TBC is scam or not !!   But i believe it is absolute scam !!

Imagine if the TBC admin dies,dont you think all the subscribers of TBC will loose all their money?
Of course they will,because the only the admin has administrative control on those wallets !!

If you ask me,i can easily tell you that the TBC wallets are prone to hackers attacks because the TBC wallet lack advanced security features such as 2FA ,IP whitelist and the rest.
  

Until now I dont know many people buying and selling bitcoin in facebook even they are scam . The billion coin is scam because the price is very high and the price is higher than the price of bitcoin thats very curious about that. Dont buy the billion coin dont promote it.

In a layman thinking,if i have 1 million TBC and i cant exchange it for Bitcoin or fiat money,then it is as simple as saying i have 1 million count of sand ,which is worthless !!!

Please i think we need to ask mere simple questions and expect mere simple answers from the developers of TBC.

Sincerely,i see nothing but perpetrators of scams !

Donate your TBC for me.

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I hope that Dan Lutz will be held accountable for all the scams that he has promoted including TBC and M1 Swissindo.