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  • Topic: Are Bitcoin MLMs the new "Penny Auction" Scams?

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    • October 2, 2014 12:44 PM PDT
    • Are Bitcoin MLMs the new "Penny Auction" Scams?

      BitCoin MLM?

      Something inevitably has to replace the slew of hit-and-run companies like Zeekler - I'm betting it's going to be a rash of BitCoin related MLMs offering psuedo products like "BitCoin Training" and certification.

      BitCoin is definitely gaining traction in the marketplace as a payment method for online and now ever brick-and-mortar businesses, but unless there is a unique concept, creating a "BitCoin MLM" is kind of like creating a Dinar MLM or a Ruples MLM. What's the product? A training manual about the foreign currency?

      Here's a free shortcut for BitCoin training, no fee required:

      http://bitcoin.org

      I'm making a WatchDog prediction that any new BitCoin MLM that does not have an actual product or service besides "training" or "certification" that gets any real traction gets shut down within a year. Maybe the owners can cozy up to the Zeekler and TelexFREE crew and come up with the "Next Big Thing".

       

      This post was edited by WatchDog at October 2, 2014 12:51 PM PDT
    • October 23, 2014 8:15 AM PDT
    • Are Bitcoin MLMs the new "Penny Auction" Scams?

      WatchDog wrote: "Are Bitcoin MLMs the new "Penny Auction" Scams?"

      It would appear so. Have not seen one with any type of business model I would participate in. Most smell like Attorney General bait.

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