Quote from: Babayega31 on January 25, 2017, 10:23:41 PM

Quote from: maku on January 24, 2017, 07:40:58 PM

Quote from: traderMax on January 24, 2017, 07:32:30 PM

In fact, it is possible for someone who is successful in a good network marketing business to earn millions of dollars. But most people in MLM companies can not make money. Not all MLM companies are fraudulent. But most MLM companies use the ponzi system. MLM firms that use the ponzi system are fraudsters.

It doesn't matter if there is 1 of 10 MLM company which is legit. This whole market is filled with exploits and is based a controversial, pyramid-shaped marketing strategy.
Do we really need something like this associated with Bitcoin? In the end it will only build fake assertion that Bitcoin is good only for fraudulent schemes like MLM payments.

Yes I agree bitcoin investments could result to fraudulent schemes, like in fiat money network marketing offering investments on so called legit company promising people to double their money capital along with its profit, but turns out to nothing after years then when they hit their target the so called legit company declares closure of operation. They really exploit and scam people and the same with bitcoin users there were threats of ponzi schemes and whatsoever unacceptable act which could result profit losses to anyone.

I think network marketing system had been used by company that is using Bitcoin for a long time. One that is very popular is the affiliate system or referral system. This is one kind of network marketing system that had been used by exchanges and other company that is involved in Bitcoin. Then this MLM (Multi Level Marketing) company take it to the next Level. We have seen such company like OneCoin, Bitclub etc. that took advantage of Bitcoin concept and Bitcoin market and use it to bait unsuspecting client. They result in investment of sum of money in exchange of bonuses offers by this company. They tried to be hard to be or look to be legit but then at the end they are just a ponzi scheme that take advantage of members.