Re: MMM Global Republic of BTC - Sergei Mavrodi ponzi scheme! Stay away
Honestly this ponzi scheme of Sergey Mavrodi is so appealing because of it's 20% interest rate for the investment but the risk is very high for your investment not to be returned as there is no guarantee.
Appealing for people who absolutely no idea economics. Everyone with a straight mind and a little bit of knowledge should smell the rotten fish here he is going to get.
We may have to do something to educate people about the potential danger of Ponzi schemes like MMM. All the governments should do something.
Those people who joins this kind of ponzi joins not because they are not aware of scams or they want to be scammed, they join because they want to take advantage of the company while company it is still paying. They know eventually that this site will collapse and turn to scam
That bolded part was very me right now whenever I invest on a ponzi, especially to those who were kinda newly launched
Just like the saying says " The early bird catches the worm". But I don't think most people who invests on ponzi were like me, still most people were not aware of how ponzi works and how it will end up. Those people were the innocent and greedy ones that want quick and high returns. One good example were the people here on our country that deposited on MMM, they still insist it's a legit mutual funding bla bla bla