Quote from: o_e_l_e_o on December 23, 2019, 08:41:07 PM

Quote from: yahoo62278 on December 23, 2019, 07:50:05 PM

Currently I just don't understand how the damn thing works and I need to find somewhere to educate myself on this.

That's pretty much the point. No one understands how it works because they purposefully give no details. All they do claim is that it definitely isn't a Ponzi (because everyone knows projects which aren't Ponzis have to declare in capitals that they are definitely NOT Ponzis).

Even ignoring the points regarding many of their offered investments being shitcoins, they have offerings for BTC of up to 1% daily or 15% weekly. They also claim "it's 100% safe". This is categorically not possible.

15% weekly on BTC? 100% safe? Wow! Why do people even bother to wear signature for pennies when you could just sell your home, "invest", and be multimillionaire in a matter of months?

I need to hear more! .... And some popcorns too.

P.S.: Irony apart. I don't really like to talk without knowing even a little. So I just went to check what is that InvestBox thing. And here is my preliminary opinion:

- It seems that there are "investment plans" that someone can create, not just yobit themselves. For different coins/tokens etc.

- It *seems* that they say it is safe because the wallet from which the interest will be paid must be prefunded, and when it runs out of coins the investment plan will become inactive... the consequences of which I don't know.

- The shitcoins for most of the plans are probably coming from own emission or airdrop budgets or something. They are shitcoins anyways, so who cares. DYOR.

- I don't see a 15%/week plan on BTC

- I do see one 1% daily BTC plan though. But max investment is 1BTC. We all know that's not sustainable, but it could be a ponzi... or just an "introductory offer" in which some will take advantage while "supplies" last (at their cost) and will quickly reduce the rewards. That's still highly risky... If you don't know how someone is making money to give you some profit to you... they are probably "stealing" it from you (or others).

- Also it seems that the investment plans give shitcoin rewards (which probably come from free emission to them or the investment plan creators) for ie "investing"/depositing BTC.

So maybe a bit early to definitely call it a "scam" or a ponzi without more conclusive evidence... but fishy for sure. Nothing new under the sun though.

#YMMV #DYOR