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      "body": "Toranders,\n\nThank you for a very simply put way of discerning between legal network marketing businesses and scams/ponzi schemes/pyramid schemes.\n\nTo add to those you put, if the only way to make money is to recruit others into the scheme, this implies absence of product or service - run for the hills!",
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      "body": "The world is flooded with crypto currencies. It is the modern way of selling air. Companies and people with disputable intentions offer a number of coins, some with proper Block Chain technology and some without.\n\nExcellent sales people are able to create an expectation of incredible value growth and people without proper investment experience flock to put their savings into these scams.\n\nThe true fact is that as long as you cannot exchange these coins for FIAT money at the same value your supplier set on the coin, it is a scam.\nAs long as you can not spend the coins to purchase products and services at a price equal to the one you would pay with FIAT currency, it is a scam.\n\nThere are areas where crypto currency is working well. If criminals wich to send money across boarders, they can use BitCoin. Easy.\n\nBut, unless the coins are linked to places where you can use them for real products and services, unless you can exchange the coins for FIAT money, I would stay away from these coins\n\nTA",
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      "body": "Hi - I just replied under your article. Interesting theme for a great discussion",
      "title": "",
      "author": "toranders",
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      "body": "The global money system (FIAT money) is definitely a pyramid scheme by default. As there are no assets behind a currency, except the value we collectively give it, it is a Ponzi.\nBut as long as the right to print money is such an important tool for every government, they will fight anything that challenge this right. That is why I believe that BitCoin and any other cryptocurrencies have a limited lifespan. The day the volume of such currencies becoem a threat to the FIAT money, they will be closed down",
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      "body": "Hi - you are right. It is possible to make big money in MLM, but you have to work for it.",
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      "body": "Some other ponzi schemes:\nhttps://steemit.com/ponzi/@gmalhotra/2aqyhg-ponzi-vs-stocks-vs-bitcoin-vs-steem-my-opinions\n\n;)",
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      "body": "Network Marketing, or MLM, has been a successful way to sell products and services for the last 60 years.\nA company decide to encourage the use of word of mouth rather than other means of marketing. As a reward for successfully promoting the products, the person is rewarded with a cash back based on the results of the promotion he has done.\n\nNetwork Marketing companies need to show their distributors a structured overview of the customers linked to their network. It is easy to make the mistake of comparing this structure to the ones used in illegal Ponzi schemes or pyramid games.\n\nSo, how can the average John determine whether he is presented to a legal Network Marketing company or an illegal pyramid scheme?\n\nThe simplest and safest method is to ask yourself: What do I get for my money?\nIf you are asked to pay for a product or a service, you need to determine whether this product or service is worth the price you are asked to pay. \nWhen you have paid for the product or the service and you have been delivered what you agreed to pay for, then you can be quite certain that you have not paid into a Ponzi scheme.\n\nThe other warning signal you should look for is the \"Get Rich Now without doing anything\" phrase. Only illegal money games claims this. Even though many MLM companies have fantastic compensation plans and it is a proven fact that Network Marketing has created a large number of millionaires over the resent years, there is no \"Get Rich Fast\" schemes which created that, but clever work in active teams which create success for many.\n\nIf you use these two checkpoints before joining a Network Marketing company, I am sure you will be safe and when you work smart, you may also prosper.",
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