Bit Billions - bitbillions.com

[littleroundman]

Oh-bloody-dear,

QUESTION: What makes BitBillions different than any of the squillion other HYIPs promising "passive income" to their members

http://imageshack.com/a/img22/9720/osa3.jpg

ANSWER: Nothing

[littleroundman]

http://imageshack.com/a/img822/6335/bvdv.jpg

Leslie Banks, Entrepreneur, Tech Support Manager GBBG (http://www.apsense.com/brand/GBBGBitbillions/about?page=6)

[aussie_striker]

Hardly surprising when you think about it.

So is this also surprising for you?


Since we added our own premium banner ads platform, we have already generated several thousand dollars in advertising revenue in March alone. We are currently in the final stages of negotiations with a handful of major advertisers that will feel will dramatically bolster advertising sales revenue in the future. Two of these upcoming premier advertiser negotiations are in the tens of thousands of dollars.

[littleroundman]

So is this also surprising for you?

No, what would be surprising is if GBBG put out a statement that began with "we HAVE" instead of "we intend to" or "we will" or "We are currently in the final stages"

All we ever see from GBBG is blue sky dreaming.

[busttheblock]

Aussie, sorry to say, but you are one of the most gullible people I have ever seen on the internet. Keep dreaming that the conartist David Reubesh will fulfill your dreams!

[busttheblock]

Aussie, sorry to say, but you are one of the most gullible people I have ever seen on the internet. Keep dreaming that the conartist David Reubesh will fulfill your dreams!



You have to read the Tagvillage page. David Newman is answering legitimate questions asked by Tagvillage members with more useless questions. Way to go you Reubesh worshipper/conartist! I hope the feds come after you and Reubesh, and soon! You are both liable for the illegal use of Tagvillage members funds being used in the bitbillions scam.

[littleroundman]

You have to read the Tagvillage page.

Which one ???

Certainly not the one on the Tagvillage Facebook page (https://www.facebook.com/OnlineAdvertisingWebsite) where the last post was April 2nd, 2013

http://imageshack.com/a/img24/6261/y6ft.jpg

or the Tagvillage thread on the Talkgold HYIP ponzi forum (http://www.talkgold.com/forum/showthread.php?t=313258&page=10) where the last post was on October 25, 2013 and the last 19 posts were by aussie_striker / David Newman, since everybody else had lost interest

http://imageshack.com/a/img829/1586/vha8.jpg

or even the Tagvillage thread on the MMG HYIP ponzi forum (http://www.moneymakergroup.com/Tag-Village-Tagvillage-t364363.html&st=225) in the "Closed, Inactive and Offline programs" section where the last post was on October 25, 2013 and the last 9 posts were words of wisdom from aussie_striker / David Newman

http://imageshack.com/a/img822/5721/9k39.jpg

You'd thing that dead horse that aussie_striker / David Newman and David Reubesh are still flogging would be pretty smelly by now, it's been so long since there was even a flicker of life in Tagvillage.

[littleroundman]

You have to read the Tagvillage page. David Newman is answering legitimate questions asked by Tagvillage members with more useless questions. Way to go you Reubesh worshipper/conartist! I hope the feds come after you and Reubesh, and soon! You are both liable for the illegal use of Tagvillage members funds being used in the bitbillions scam.

Ahh, I see what you mean.

It's hard not to think of aussie_striker / David Newman as anything but a paid insider acting as a mouthpiece for the missing David Reubesh.

Some very unhappy (and broke) campers involved with the TagVillage scam, by the looks of it.

http://imageshack.com/a/img31/799/jim0.jpg

[busttheblock]

Ahh, I see what you mean.

It's hard not to think of aussie_striker / David Newman as anything but a paid insider acting as a mouthpiece for the missing David Reubesh.

Some very unhappy (and broke) campers involved with the TagVillage scam, by the looks of it.

http://imageshack.com/a/img31/799/jim0.jpg

Yes, that's the one. I should have posted a link, sorry. That Jaclyn woman is a beast of a woman also. Great representatives for Reubesh's scam!

[littleroundman]

Yes, that's the one. I should have posted a link, sorry. That Jaclyn woman is a beast of a woman also. Great representatives for Reubesh's scam!

http://i1301.photobucket.com/albums/ag116/Little_Roundman/scams/facejac_zpsc11ac2b9.jpg

Jaclyn Mobbs' MissyMoo1984 page on Facebook (https://www.facebook.com/MissyMoo1984?fref=nf)

[littleroundman]

http://i1301.photobucket.com/albums/ag116/Little_Roundman/scams/facedave_zps8fba26ed.jpg

The infamous David Ruebushs' DAvid Ruebush page on Facebook (https://www.facebook.com/ideacentrics?fref=pb&hc_location=friends_tab)

[littleroundman]

WOW !!

aussie_striker aka David Newman counts some (in)famous names among his friends, doesn't he ??

http://i1301.photobucket.com/albums/ag116/Little_Roundman/face_zps720adaa3.jpg

Our old Kiwi friend Terry Cuthbert (http://www.realscam.com/f9/terry-cuthbert-again-2136/?highlight=terry+cuthbert) along with Jaclyn Mobbs and David Ruebesh

[Kleinzeit]

And none of this came from the fruits of your labour - oh no.
7339
7340

[aussie_striker]

And none of this came from the fruits of your labour - oh no.
7339
7340

One night out on the town in 4 years....mmm yeah I'm really living it up. It was also the night that David Ruebush proposed to his fiancee. I think he made a special effort that night. As well as that the whole time he was in Australia he was staying in the cheapest, appropriate accommodation available, including staying with me for several weeks while he worked. That was the last day in Australia for him and he wanted to have a special night out. I'm pretty sure that you would occasionally go out as well.

[aussie_striker]

WOW !!

aussie_striker aka David Newman counts some (in)famous names among his friends, doesn't he ??

http://i1301.photobucket.com/albums/ag116/Little_Roundman/face_zps720adaa3.jpg

Our old Kiwi friend Terry Cuthbert (http://www.realscam.com/f9/terry-cuthbert-again-2136/?highlight=terry+cuthbert) along with Jaclyn Mobbs and David Ruebesh

Actually I agree that Terry is quite scammy. I have him on my list from a long time ago when I joined something he was promoting. To be honest I wouldn't have known he was in my friends list if you didn't point it out. I stay away from the stuff he does as it is all crap in my opinion and he only looks after himself and does not care about anyone else. I must have him hidden in notifications because I never see anything from him on my timeline. I'm sure you can probably find some other people in there that do not have the best reputation as well. I don't mind having them there, it helps me see what they are doing right and wrong. I have a lot of people in my friends list but like many other people, most of them I rarely have any contact if any with. Early on I may have been deluded enough to think they would be interested in a real opportunity but have learned over time all those sort of people just promote their own stuff and don't want to know you if you aren't in with them.

[aussie_striker]

You have to read the Tagvillage page. David Newman is answering legitimate questions asked by Tagvillage members with more useless questions. Way to go you Reubesh worshipper/conartist! I hope the feds come after you and Reubesh, and soon! You are both liable for the illegal use of Tagvillage members funds being used in the bitbillions scam.

Bring it on and it would prove how wrong you are. All of tagvillage funds are fully accounted for. There is no missing funds at all, nothing has been spent on items that were not to do with tagvillage. The biggest amount of tagvillage funds used were for developers. There is nothing to hide, David Ruebush has already sent paypal reports to shareholders proving that is the case. There is just a couple of idiots that keep being stupid about it on facebook. Fact is there is nothing missing it is all accounted for and all reporting, accounting etc would prove that to be the case.

As for funds being used for Bitbilions. There was zero funds used from tagvillage for Bitbillions. Bitbillions never needed funds from elsewhere to start. From the time it started funds came in. In any case the only money available in tagvillage is the money that covers members credits (which they can withdraw). That money is still in an account for tagvillage and will remain so. It covers all the money members can withdraw. The latest withdrawal from tagvillage was in January by someone. It was posted on facebook.

[ribshaw]

7344



One night out on the town in 4 years....mmm yeah I'm really living it up.


I think he made a special effort that night. As well as that the whole time he was in Australia he was staying in the cheapest, appropriate accommodation available

Funny how it is ALWAYS the "ONE TIME" someone slips up there just happens to be a camera handy. The rest of the time it was Spam and sweat socks.


All of tagvillage funds are fully accounted for. It covers all the money members can withdraw.

YEPPERS, cause people always spend their time needlessly complaining when they have been paid all the money they are owed.

[littleroundman]

All of tagvillage funds are fully accounted for.

Which is a ponzi pimps way of saying "we all got ours and screw the members who lost theirs"

I'll bet there's an "account" somewhere that says something along the lines of:

"One for Ruebush, one for Newman, one for Mobbs, none for the members. Now if anyone asks, we can say the money is "accounted for"

[aussie_striker]

Which is a ponzi pimps way of saying "we all got ours and screw the members who lost theirs"

I'll bet there's an "account" somewhere that says something along the lines of:

"One for Ruebush, one for Newman, one for Mobbs, none for the members. Now if anyone asks, we can say the money is "accounted for"

You are deluded aren't you....Why would I have gotten any of the money, why would Mobbs? Neither of us have been anything more than members. There was a board of directors that had a lot more inside info than I ever did. I still have more invested in Tagvillage than anything else I have ever done online. I stand to lose a hell of a lot if it does not succeed. So why should I who has so much to lose in it still say I have confidence? Believe me if I didn't I would say so. I do not expect anything to happen with tagvillage until late this year but I am still 100% confident that it will get back on track. If I didn't think it would or if I thought there was genuinely deception with funds then I would not have anything to do with it.

Your comment as usual Littleroundman is just a snide remark with no foundation. No what you said is not what it means. What it means is that I have personally seen the figures. In fact all of the shareholders have. Difference is that the shareholders were given a report in a pdf (which I am sure you will just say it was probably faked like every other comment you make). I have seen figures from paypal live, so I know that was not faked.

It would be nice to have some intelligent comments on here instead of personal attacks based on nothing at all.

[littleroundman]

instead of personal attacks based on nothing at all.

Nothing at all ??

How incredibly dismissive you are of the members who lost money when the obvious ponzi you were, and still are, promoting took their money and gave them nothing but an "accounting"

Dismissive, but not surprising, given your history of HYIP ponzi and pyramid promoting which stretches back years.

"Nothing at all" indeed.

[aussie_striker]

Nothing at all ??
How incredibly dismissive you are of the members who lost money when the obvious ponzi you were, and still are, promoting took their money and gave them nothing but an "accounting"
Dismissive, but not surprising, given your history of HYIP ponzi and pyramid promoting which stretches back years.
"Nothing at all" indeed.

Yes nothing at all because your statement has absolutely no truth to it.

Membership update
Total Members 90,157
Founders 3,285
Co-Founders 4,004
Reserves 226
Free 82,642

[littleroundman]

Membership update
Total Members 123456
Founders 7,890
Co-Founders 1,234
Reserves 567
Free 89,012

HYIP ponzi pimps' figures are worthless.

You lie. That's what you do and have done for years.

[aussie_striker]

Membership update
Total Members 123456
Founders 7,890
Co-Founders 1,234
Reserves 567
Free 89,012

HYIP ponzi pimps' figures are worthless.

You lie. That's what you do and have done for years.

I have never lied about anything online before and don't intend to start now. HYIP Ponzi figures are worthless I agree, but this is not a hyip or a ponzi. You can't seem to get that through your thick head. You have your mind made up and I cannot change that, to be honest I don't care. It is your loss as over time you will realize that you were wrong and missed out on an opportunity to be in early. I hope you are a big enough man to be able to apologise for all the bad things you have said about me and GBBG when you come to realize that. I know you believe that will never happen but I know better. I'm guessing by the end of this year you might be having second thoughts but I expect your comeback to be along the lines of this wont be around at the end of the year. Just like the people that said this would disappear by June 2013.

[littleroundman]

I have never lied about anything online before

Yeah, right.

http://imageshack.com/a/img849/3996/kin7.jpg

I know, I know, you weren't "lying" you really believed it was possible to earn 8% daily, 115% after 7 days and 175% after 28 days

Gimme a break, willya ??

[aussie_striker]

Yeah, right.

http://imageshack.com/a/img849/3996/kin7.jpg

I know, I know, you weren't "lying" you really believed it was possible to earn 8% daily, 115% after 7 days and 175% after 28 days

Gimme a break, willya ??

I knew that wouldn't last. It was something I did as many others have done. It was not long after that i stopped playing with those types of sites. They are obvious ponzis there is no doubt about it. Any site that offers a % amount per day are the same and wont last. I have been telling people that for years, even back then.

[littleroundman]

Any site that offers a % amount per day are the same and wont last. I have been telling people that for years, even back then.

Of course you were.

Why anyone would distrust such a fine, honourable person such as yourself, I just can't imagine:

http://imageshack.com/a/img138/751/pv9y.jpg

[littleroundman]

But, but, but,

this one is DIFFERENT:

http://imageshack.com/a/img854/5561/v2vz.jpg
http://imageshack.com/a/img401/9608/xl32.jpg

[Kleinzeit]

I knew that wouldn't last. It was something I did as many others have done. It was not long after that i stopped playing with those types of sites. They are obvious ponzis there is no doubt about it. Any site that offers a % amount per day are the same and wont last. I have been telling people that for years, even back then.

"I knew they wouldn't last". "They were obvious ponzis"

How does that sit with "I have never lied online and I'm not about to start now"?

Striker, you are a dyed in the wool idiot who has set, as his principle role in life, to dupe as many people as possible for your own personal gain.

You can polish a turd but it's still a turd.

[littleroundman]

Striker, you are a dyed in the wool idiot who has set, as his principle role in life, to dupe as many people as possible for your own personal gain.

You can polish a turd but it's still a turd.

One wonders how serving ones' country fits with being a serial ponzi pimp:

http://imageshack.com/a/img839/8961/2np2.jpg

I wonder what rank aussie-striker / David Newman holds in the RAAF

Maybe it's just me, but "Warrant Officer ponzi pimp" or "Leading aircraftman ponzi pimp" or "sergeant ponzi pimp" just don't sound right

http://imageshack.com/a/img853/5411/g6rm.jpg

[Kleinzeit]

That'll be Ponzi Pimp First Class.

[aussie_striker]

I once believed this site was well informed, unbiased and gave intelligent information. Unfortunately you guys have proven I was very wrong about that. I can't believe you post a cashback offer that I posted two years ago and make an issue of the fact that it is in closed and offline programs. I have never said I am perfect, I'm sure many of you guys aren't either. Yes I have participated in programs that did not last, it is difficult to find someone that hasn't. You guys are moving further and further away from the facts. This post is not about some hyip I joined years ago and lost money with. For some reason you make it look like I have been making my own programs and ripping people off yet I have never owned any program myself. I have made and lost money with programs in the past. I have also not joined hundreds of programs that people have pitched to me and I have openly told the people trying to get me to join that they are ponzis. I have never said that I have always been on programs that win and sure have made mistakes in the past. Some programs I have only joined because friends have all but begged me to join and sometimes even pifed me in so they can earn more.

So can we get off all the crap about other programs, make your own post up about them if you want. This is about one company and one company only.

One last thing which you guys I am sure will have plenty to talk about. Due to my assistance through personal contact and work within the VIP Club as well as building a large team and promotion of GBBG, I was approached and accepted a position within the company. Before you start with false accusations, this is an unpaid position although I hope that in future that may change.

There is also a major update of the site that should be complete within the next fortnight. I'd be interested to know what your thoughts are on it after it is pushed live. I will post when that happens.

[littleroundman]

So, what makes what you are saying today any different than what you were saying about the other HYIPs you promoted ??

We're not making it "look" like anything it isn't.

What earthly reason would anyone have for believing the word of someone who is demonstrably a serial ponzi pimp ??

No one is saying or implying any of the "programs" were yours, but, in the HYIP ponzi world, shills and pimps are as guilty as "owners"

It's not like any of the previous "programs" were ever anything but HYIP ponzis being advertised on HYIP ponzi forums and offering the sort of ROI that only a HYIP ponzi could offer

It's up to readers to decide whether you are now a reformed man, or whether what they are seeing is just more of the same.

[aussie_striker]

Latest Post

GBBG|bitbillions hit a major milestone of 100,000 members. To celebrate, we have awarded our 100,000th member with a FREE Co-Founder membership upgrade.

Congratulations to member ID number 1M2PeYE84hZTC2SMjRUhKccVQBGURjxnX. We wish you a great deal of success and profit with your bitbillions Lifetime Co-Founder membership!

[ribshaw]

Latest Post

GBBG|bitbillions hit a major milestone of 100,000 members. To celebrate, we have awarded our 100,000th member with a FREE Co-Founder membership upgrade.

Congratulations to member ID number 1M2PeYE84hZTC2SMjRUhKccVQBGURjxnX. We wish you a great deal of success and profit with your bitbillions Lifetime Co-Founder membership!

Does this mean the matrix is finally complete and we will soon see Bill Gates emerging from retirement like a sleepy bear at the end of the long winter?


Can't wait until 100,000 folks fill the BittyBitBit page wondering what happened. If history repeats Aussie and Co. are barely able to launch a retreat. But next year, next year for sure.

7519
7520

[busttheblock]

David Newman is still covering for the scamming Reubesh!

[aussie_striker]

Does this mean the matrix is finally complete and we will soon see Bill Gates emerging from retirement like a sleepy bear at the end of the long winter?


As usual you are proving you don't even know how, when or anything about how this works or it's timeline. All you are interested in is trolling by calling everything that happens fake. Can't face the truth that you are wrong.

[ribshaw]

As usual you are proving you don't even know how, when or anything about how this works or it's timeline. All you are interested in is trolling by calling everything that happens fake. Can't face the truth that you are wrong.

The ONLY thing I have been wrong about in this thread was how high the price of Bitcoin would go. I will take your non answer as another NO, nothing going on but recruiting for another scam that one day you promise will pay off. People can easily look at Tagvillage and see how you and Ruebush handle your business.

The real mystery is how long you are going to continue to hold your change cup out playing organ grinders monkey in all these scams? Ruebush runs them, banks most of the cash, and you do diaper duty when they blow. That is dedication on your part, not too smart, but certainly dedication.

[aussie_striker]

The ONLY thing I have been wrong about in this thread was how high the price of Bitcoin would go. I will take your non answer as another NO, nothing going on but recruiting for another scam that one day you promise will pay off. People can easily look at Tagvillage and see how you and Ruebush handle your business.

The real mystery is how long you are going to continue to hold your change cup out playing organ grinders monkey in all these scams? Ruebush runs them, banks most of the cash, and you do diaper duty when they blow. That is dedication on your part, not too smart, but certainly dedication.

Think what you want. Fact is you are totally wrong.

[littleroundman]

Would that be notorious serial HYIP ponzi pimp "FACT" or verifiable "FACT"

Face it David, your reputation, as well as that of David Reubesh, is forever tainted by your previous HYIP ponzi activities.

What either of you say today is nothing more than a repeat of the same / similar things you've said before, multiple times on the "usual suspect" HYIP ponzi forums.

Who knows, perhaps you can draw in sufficient numbers of the serial HYIP ponzi players from the forums to make it worth your while.

But, I'm certain you'll never sucker in enough naive newbies to be able to retire to the Bahamas.

Which means, you'll be back next year trying to flog your revolutionary, never seen before, "next big thing"

[Fiendish]

Hi guys, I am some random, joe schmoe, nobody regular law abiding citizen of the united states.

I just started with bitcoin and bitbillions around January 27, 2014.

Just wanted to make a little introduction for myself, for what is to come, you guys are going to eat me alive like a pack of wild hounds on a bloody fox. (You have already done so to this aussie_striker gentleman).

This post is just my preliminary post, as I am a very busy individual working hard every day to support my family, just like everyone else.

I want to point out the lack of professionalism in some of the posts from some of the members registered here. I am putting together a little argument that should be considered somewhat of an unbiased opinion, that should give you a better idea on what bitbillions really is, as there is a common misconception about what is happening here.

I know what is to come from this group, so I am merely posting an introductory post. Before I continue, I am putting up a small disclaimer for you guys, as to eliminate any accusations that may come my way. My follow-up post is going to be long, so be ready to read.

Nobody sent me here. Nobody paid me to post, or fight for bitbillions. I am literally just an average, normal, loving, caring person with a family. There are no HYIP Ponzi pimps forcing me to post with a Ponzi Gun pointed at my Ponzi. (What is a HYIP Ponzi Pimp anyways?). I simply stumbled upon this thread after doing some reading and such. I've only spoken to our "HYIP Ponzi Pimp" (not only is this title childish, but ridiculous and stupid all at the same time) one time and it was brief and was literally about nothing.

With that said, I know I do not have to educate you guys, but your eyes are not the only eyes that read this. Therefore, some basic 101 is sometimes necessary.

MLM stands for Multi-Level Marketing. Multi-Level Marketing is a very, very powerful marketing strategy. Simply put, it works! There seems to be a direct link between SCAM/PONZI/HYIP and MLM.

First, before an MLM can work properly, the product or service offered has to a. Be there, and b. work/have quality, etc.

So as I get to the end of my introduction, I ask:

Has anyone of you against bitbillions signed up? Read some threads on the forums? Read the blogs? Took the time to understand the system?

I have been working very hard to find the ins and outs of bitcoin (I love the technology so far!) all while avoiding all the scams out there. For example: Mybitcoinjob.com (It was fun messing with them)

So long for now,

I will be posting again to explain to you why you or anyone cannot call GBBG/Bitbillions a scam.

In the mean time, I look forward to reading some responses. As such, please try to keep it professional. Let's avoid making fun of me (or anyone) like this is high school.

-Some noob

[EagleOne]

Fiendish: Welcome to RS. Looking forward to reading your next post.

[ribshaw]

What is a HYIP Ponzi Pimp anyways?).

Welcome Fiendish. A HYIP Ponzi Pimp is a person who promotes High Yield Investment Programs (Often under the guise of being a real business) and makes money not from the return of the program, but from recruiting new marks into the plan.


(not only is this title childish, but ridiculous and stupid all at the same time)

Whatever works.

People being asked to invest their hard earned money (random Joe Schmoes) have every right to know that they are not dealing with a business person, or a once in a lifetime opportunity, but a scammer who makes their living promoting "confidence games." Confidence trick - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Confidence_trick)

It is called a CONFIDENCE GAME or CON for short because the trick is to spin a story that is just believable enough to gain the confidence of the "MARK". As more confidence is gained the more money the MARK will give up. This is why in the early stages of many Ponzi scams small payments are made on time, but keep in mind that only has to end once.

Not a SINGLE PROGRAM the people who post here have uncovered that Aussie Striker has promoted has been legitimate. ALL have cost the masses money. In ZEEK REWARDS people went to prison. SEC.gov | SEC Shuts Down $600 Million Online Pyramid and Ponzi Scheme (http://www.sec.gov/News/PressRelease/Detail/PressRelease/1365171483920#.U3PJ9ygvBGg)

OH and as if they had a crystal ball, you heard it here well before, despite the average folks who knew it was real. http://www.realscam.com/f10/zeek-rewards-how-get-3k-month-starting-free-member-642/



Multi-Level Marketing is a very, very powerful marketing strategy. Simply put, it works! There seems to be a direct link between SCAM/PONZI/HYIP and MLM.

Works for WHO? The median income in MLM is about $50 a month before expenses, there is almost nothing with a worse track record. The vast majority 90%+++ lose money to the people that RECRUIT thousands and make up the top 1% of any MLM ecosystem. Bottom line unless there is a real product sold mainly to people who are not in the program then it is an illegal pyramid. Participants are used either for their purchases, or as lead generation by uplines. Have yet to see a single exception to some combination of these facts. So yes there is a direct link.



Has anyone of you against bitbillions signed up? Read some threads on the forums? Read the blogs? Took the time to understand the system?

I have not signed up. There is not really much to read for the trained eye as this is all bullshit.

Here is the GBBG BitFund that has already screwed people over. https://bitcointalk.org/index.php?topic=153138.0

(Aussie will tell you it was restructured, just like Tagvillage and no one has lost. All in a day's work for a HYIP PIMP)

Here is someone begging for money. https://bitcointalk.org/index.php?topic=606398.0

Here is the motherload of laugh riots from back in the day when this sham started. https://bitcointalk.org/index.php?topic=147613.0;all



I will be posting again to explain to you why you or anyone cannot call GBBG/Bitbillions a scam.

I look forward to your posting, and would encourage you to take a look at a few other threads here. The timing of the implosion is unknown but this follows the same script of every other scam on these pages.

[Beacon]

H

I want to point out the lack of professionalism in some of the posts from some of the members registered here.


Welcome to RS. I just want to point out that most of the members are IMHO not professionals with respect to being fraud detection, law enforcement, accountants, etc. some are. So which posts from which members do you regard as "unprofessional" and what profession does that poster have to the extent that the post is "unprofessional"?


I am putting together a little argument that should be considered somewhat of an unbiased opinion, that should give you a better idea on what bitbillions really is, as there is a common misconception about what is happening here.


I look forward to your little argument. Ironically for a "nobody, Joe shmoe, ordinary person" you seem to have in depth occult knowledge of bitbillions.


I know what is to come from this group,

Wow a normal/nobody/Joe Shmoe with prescient foresight! Do you have any evidence to support this? How about next weeks lotto numbers?


Nobody sent me here. Nobody paid me to post, or fight for bitbillions.


I don't think people here will like this "nobody" who sentyou here paid you to post and sent you to fight for bitbillions.
(!)



I am literally just an average, normal, loving, caring person with a family.


Who can accurately predict the future and has occult knowledge of bitbillions?


(What is a HYIP Ponzi Pimp anyways?).

Duh. Would you accept "someone who pimps a HYIP Ponzi"?


I simply stumbled upon this thread after doing some reading and such.

What were you reading and how did that lead you to stumble and how did you achieve such simplicity in the stumbling?


MLM stands for Multi-Level Marketing. Multi-Level Marketing is a very, very powerful marketing strategy. Simply put, it works! There seems to be a direct link between SCAM/PONZI/HYIP and MLM.


Pulling a gun on someone and sticking them up works as well.It is a very very powerfull way of getting money from them. That does not make it right though does it?


First, before an MLM can work properly, the product or service offered has to a. Be there, and b. work/have quality, etc.


Before you pull a gun on anyone for money they have to have money on them or it won't work either. also if the gun does not actually work due to bad quality or if it is a fake gun and the victim knows it is then the stick up probably wont work.



Has anyone of you against bitbillions signed up? Read some threads on the forums? Read the blogs? Took the time to understand the system?


Well put it this way Let us say I'm against stick ups. Do you really think that asking people to give it a try and try to understand how stickups work is a valid justification of stickups?


I have been working very hard to find the ins and outs of bitcoin (I love the technology so far!) all while avoiding all the scams out there.

I am a qualified marksman coach and marksman with eleven years infantry experience. I enjoyed bolt action rifles particularly.


In the mean time, I look forward to reading some responses. As such, please try to keep it professional. Let's avoid making fun of me (or anyone) like this is high school.


Please understand I'm not making fun of YOU just of your "argument". Also, I'm not getting paid to do it so Im sorry but I can't make it professional.
-Some noob[/QUOTE]

[NikSam]

.... and what profession does that poster have to the extent that the post is "unprofessional"? ...


Maybe he is referring to me, as i was already called like that for being unable to construct "perfect" or "professional" englyash sentences :)

[Beacon]

Maybe he is referring to me, as i was already called like that for being unable to construct "perfect" or "professional" englyash sentences :)

So maybe he thinks you are a journalist or English teacher then? By english teacher I mean teacher of English i.e. the Subject and not the nationality.

[NikSam]

Other analogy:

- Motherf***er, you shot my dog !!!
- You are being unprofessional and swearing too much.


(something on a topic of being nice and "professional" to criminals)

[littleroundman]

Multi-Level Marketing is a very, very powerful marketing strategy.

Yes, it is.

Which is what makes it so attractive to scammers, fraudsters and criminals.

[Whip]

I just started with bitcoin and bitbillions around January 27, 2014.
I am putting together a little argument that should be considered somewhat of an unbiased opinion
No, it's not. You need it to succeed just to at least get your money back.

[littleroundman]

I just started with bitcoin and bitbillions around January 27, 2014.

Bitcoin is not BitBillions,

The whole point of this thread is to point out, in the opinion of most here, BitBillions is a fraudulent operation aka a "High Yield Investment Program" which has Bitcoin as its' currency of choice.

One of the major problems Bitcoin faces in its' efforts to become more widely accepted is it is already attracting a growing number of HYIP ponzi / pyramid schemes of the kind Bitbillions represents.

The people behind Bitbillions have a history, and it ain't pretty.

If you or anyone else wants to believe they have turned over a new leaf and gone legit with BitBillions, go for it.

Others don't believe it for a second.

[Fiendish]

I am not looking forward to the responses I am going to get (especially from Beacon) but I am ready for all the trolling and sarcasm you have planned for me.

You guys pretty much already chewed me up and spit me out. I regret posting, but now I feel obligated (or you'll probably determine that i am the next big internet scammer) I don't even want to do this. I would rather go back to my little corner, in my little bitbillions dream world and continue to get scammed by bitbillions.

It took me a while to even make my first post simply because I expected these responses but they still took me by surprise. This topic brings the evil out of you all. I get it. As such, I am going to go ahead and play the game. Quite honestly, I'm having an internal debate as to wether or not I want to even bother posting my argument but whatever. My point is I already feel that this just may just get me nowhere. As such, I can see you guys are over 9000 percent positive that GBBG is an HYIP. (High investment) (I laugh at this because I don't see any high prices)

I've seen the 'make 3k a month in 5 minutes' gig many times myself and I have to say I never once bought into it. It's pretty shameful what people get themselves into these days. I've pretty much seen all this. Yes, this guy appears to be risky businesses. I can't deny that fact. I don't know how "in" he is with GBBG. I can't argue or justify what he appears to have done. What he is being accused of sickens me, but you said people went to prison? Is there some way that HYIP pimps are just fully protected from the law?

You seem to think that any and all MLM are scams, ponzi and HYIP. From your response, there is no such thing as a legitimate MLM. Am I correct on this?

The someone begging for money post -- that is truly a hilarious way of putting it. I... How do you even get "haha look! he's begging for money! lol!!!" From that thread? I am having second thoughts about this forum. I have hope. (Maybe). But no seriously, I laughed outloud. Pure comedy.

Either way, those 3 threads you posted are from ... Bitcointalk.org? I have to say, for such a busy and popular forum, bitcointalk.org is the biggest pile of crap dumping grounds for bitcoin I've ever seen in my life and I am not necessarily proud of having posts there. The crap that goes on there... Lots if illegal stuff! You can put **** on fine china it doesn't make the **** look any better. Take all the cool, legitimate things of bitcoin, and then take all the scams, illegal activity, scam artists, and mix them up. Turn the concept into a forum, with a trust system. Then, when an account gains trust, sell it to a scammer so that the scammer can scam with a trusted name. That's bitcointalk.org.

It doesn't really matter what I say. I could write an entire book (assuming I were right about GBBG) and you'd still be convinced that it's a scam. But I'm going to try anyways, and as you read on you might understand where I'm coming from.

When I say I started with bitcoin and bitbillions, I am not implying that bitbillions is bitcoin, so I am not sure how you got that. Yes, I know bitcoin is not bitbillions. I am saying that I discovered bitcoin, and through bitcoin I found GBBG.

Now that I have the non-sarcastic responses out of the way, let's go to the sarcastic corner.

- Perhaps the term unprofessional was misused. Just seems to be a lot of trolling going on.

- The only knowledge I have about bitbillions is my own personal research, along with signing up and getting acquainted with the system they have set up. If I didn't mention that I was just a random, you would probably accuse me of being David R. himself posing / hiding as someone else. The funny thing is, even my honesty has you believing that I am somehow involved deep on the inside. This just means that I am pretty much wasting my time with these posts. (I know you're going to say I'm wasting my time with bitbillions. Cool.)

- Your response to my "I know what is to come of this group" proves my point precisely. So let me tell you how I came about such a genius foresight before you start begging to pay me for a tarot card reading. I've read many responses on this thread, along with others. The mood setting on this thread is quite harsh. The evidence is... well, evident. Next weeks lotto numbers? Are you serious? How real is this forum? I can no longer take this forum serious. At least not Beacon. Sorry guy, you're a joke to me right now. I feel dumb even acknowledging your nonsense.

- Nobody is my boy. Him and I go way back. We were gang banging when we were 12, slangin dope, and working closely with David and David. Our drug cartel money funded their ideas. It all started when we were in 6th grade pencil fighting, and decided to sell pencils. Then we started a Pencil MLM Company.

- Beacon, the further I get into your responses, the less I want to live on this planet. I never said I could predict the future, and I never said I have occult knowledge or secret knowledge about bitbillions. It doesn't take a genius to figure out what I've figured out thus far. Although, your responses have made my prediction of the future quite accurate. You are not someone that is easy to communicate with. Unfortunately, aslong as I am posting/reading here I will have to deal with your epic win mega awesome trolling. I find it funny that I came here in all seriousness and all you want to do is throw jokes at me.. wow I'm wasting my time. I'm trying though, for the sake of eagleone and ribshaw, they at least seem somewhat interested without being jerks about it, but I thank you for your pointless post that really contributed very little.

- Tomorrow, the sun will rise. You're going to response to my post. You will most likely troll and be as sarcastic as possible. You will find any little loop in my text and twist it so that I sound stupid. Go for it. Have done this whole back and forth forum nonsense for a long time. I expected more from a site/forum like this one but oh well. I expect too highly of people sometimes.

- Beacon, I have to say, the more I read your posts, the dumber I get. Pure and utter nonsense. You are talking to me like I have an IQ of 1. Absolutely rediculous I am seriously at a loss for words.

- You are comparing guns and murder to Bitbillions? The stupidity of your gun and stickup response, what the hell dude? How old are we? I have to live on this planet with you? *face palm*

So upon first glance of GBBG you say scam immediately, but you've never taken the time to understand their system? Much less sign up?

A lot of people called the internet a scam when it first came out. They were totally against it. Why? Cause they didn't understand, nor care to understand.

I have to say, you guys must be absolute genius's. To be able to determine a scam without doing ANY internal research? You can search the web and business registrations all you want but without getting your hands a little dirty, I am quite impressed with how much knowledge you guys have. I think it is you who can predict the future, and I feel that you should hook ME up with some lotto numbers. Although that is quite typical of the law enforcement type. "Everyone is guilty because I said they are". lol.

The first 2 words in HYIP are High Yield. Doesn't high yield mean lots of money? Because I have not broken my bank. I'm pretty sure I've lost more $ at the casino in the last year than I have with bitbillions. If bitbillions went away tomorrow, I'd be like oh crap, they were a scam. Those morons scammed me out of less than $100? Such amatures. Oh well, moving on.

- I may have used the wrong words. I should have said you can't call GBBG a scam *YET*.

So should I even bother posting my main argument? I would like to ask if you agree that you can't 100% say that GBBG is a scam YET. Future potential possible? Absolutely? But is it a scam RIGHT NOW PROVEN? Yay or nay?

- You think they are criminals, I get the tone now. Please do not treat ME like a criminal. Do all the research you want on me, I'm sure you already have a team working on a full background check.

- You do not have permission to post my information on here. I didn't read the sign-up agreement. Is it mentioned that the posting of someones information is allowed? If so I'll leave immediately.

With that said, since I'm going to have my entire background and everything I own and have done in the past posted on this thread, Here is why you can't call bitbillions a scam, with a full run down of how their system works (since nobody cared to do any proper research) I actually regret posting on here because of this. And I'm dealing with law enforcement? Yeah, I'm hosed.

There's a good chance I won't bother coming back to check this forum. It gives me a sick feeling, similar to how I feel when I go to bitcointalk.org. So here you go:

(had to split the post into 2 posts)

[Fiendish]

I have had this debate already so for the sake of my sanity I'm going to avoid recreating the wheel.

For the most part, in the case of bitbillions being a scam or not, the case remains open and unresolved.

I started with bitcoin in January 2014. Heard about it in November 2013, ignored it. Heard about it again in January, and decided to take a look.

Upon first glance, all I saw was SCAM SCAM SCAM SCAM. So I began to read, and research. After signing up to sites, and browsing through bitcoin sites that tell me "the best", I was able to realize that the majority of information sites that I came across were put up by regular people in an attempt to gain referrals to any and all bitcoin related websites. Most sites list scam sites, legit sites, questionable sites, and everything inbetween. The worst part is, most of these people stop updating their websites, for whatever reason. This leaves a bit of a "user beware" scenario for any informational website.

Even websites related to outing scam sites seem like a scam because, as a new user, upon first glance, bitcoin is one giant scam. Better put, it is in a state of Anarchy, and due to the frenzy (our modern gold rush) the focus of this revolutionary technology has been diluted to the point where there are scams everywhere. Websites like bitcointalk.org allowing illegal activity to go on are key reasons as to why there are so many scams. If you ask me, bitcointalk.org , if not a scam themselves, are probably a part of many scams to even allow what goes on.

There is too much greed in this world amongst the people. Unless we, the people, who want 'control' of our money again, do not get our **** together, then the government(s) will either A. shut bitcoin down and ban the hell out of it in any way possible or B. find a way to govern it and as such, once again we the people lost 'control' of our money. Even if the government doesn't shut it down, Bitcoin is leaning towards the Black Market currency every day because of a: real scams and b: people calling non-scams, scams, and people calling bitcoin a scam entirely!

Bitcoin is not a scam. I know this, you might know this? The technology behind bitcoin, including the blockchain, is incredible. Revolutionary. Astounding. Magnificent. One of a kind and a major game changer.

Not all bitcoin related businesses or start-ups are scams, either. The problem is that people don't know how to properly do their research.

I have weaved in and out of the bitcoin world and have ran across pretty much all the scams.

I am a member at Bitbillions. I currently have Co-Founder accounts.

I joined at the end of January, 2014.

I believe that there is a misunderstanding over what GBBG is/does. I do not believe they are a scam at all.

First and foremost, it is free to sign up. It is all the way around free. Nobody forces you to pay money.

Not once have I read on bitbillions or anywhere that they promise a get rich quick system. I have not been promised to get rich. Even with my co-founder accounts I am still not being promised that I'm going to be rich.

There are two types of earnings on GBBG, currently.

You can earn Bitcoins through referrals who purchase a Co-Founder account (Limited time only - down to less than 2250)

The prices of the co-founder accounts have already began to increase.
http://bitbillions.com/blog/co-founder-upgrade-price-increasing/

The sale of Founder accounts have already begun via the bitbillions forum:
Forum Member Market for Founder Sales (http://alertinform.com/bitbillionsforum/founder-sales/)

(according to everyone here, the sale of accounts is a form of begging, so i guess this argument is fail here)

There are over 100,000 members, and they show you how many members are premier members via their 3 main earnings sources (iwantacar, bitfued, mybitcoinrewards) Anyone can be a premier member at a small fee. No seriously, in my opinion, the fee is minimal, and on par with other sites (like BTC Clicks). Payments are not done at minimum payouts of 10,000 Satoshi like BTC clicks and other sites.

You can't call me a liar, or a scammer, because I love people. Nor a supporter of scammers (assuming you truly believe bitbillions is a scam) -- Nobody hired me to contact you, nobody asked me to contact you, and nobody asked me to bat for bitbillions. (I know this nobody character intimidates you, Beacon, but just relax.)

I will explain the breakdown of how to currently earn with bitbillions:

Right now, there is only one true way to make a decent amount of bitcoin, and it is through referral upgrades. These upgrades pay out. (I have been paid). That means that if a free member were to be able to acquire enough sign-ups, and have them all upgrade to co-founder accounts (before it's too late), they would be able to acquire enough BTC to upgrade their own account. (Time is ticking though -- it is probably best to upgrade immediately).

What the 3 main earnings sources are: Traffic Exchange, with a twist.

Before I go further, let me explain the 4 websites, bitbillions.com, bitfued.com, iwantacar.com, and mybitcoinrewards.com. Let's consider GoDaddy's Deluxe Webhosting. Unlimited websites, under one main domain. (You can't tell that iwantacar.com is on the same hosting plan as bitbillions) -- Well, you can now, because they've recently performed a major overhaul on their site and are now using subdomains (iwantacar.bitbillions.com)

Those 3 earnings sources have a subscription, apart from the bitbillions co-founder upgrade. Remember, the co-founder account upgrades are LIMITED. This means that when they are sold out, there will be NO WAY to be a PAID member at BitBillions other than to subscribe for a premier membership through one of their earnings sources.mm

The ONLY way to CURRENTLY earn bitcoin through the 3 earnings sources mentioned above is to 1. Subscribe as a premier member and 2. Get your referrals to subscribe as premier members. (Yes I know, this doesn't really sound too good -- but if you were able to get a lot of referrals, and one upgraded, at that point it would make sense to upgrade yourself) -- I know it's not easy to acquire referrals. Multi-Level Marketing and Mult-Level Marketing SCAMS are 2 completely different things. EACH EARNINGS SOURCE HAS ITS OWN SUBSCRIPTION FEE.

If a MEMBER has NOT added their PERSONAL bitcoin wallet address in their profile page, they WILL NOT GET PAID! Their earnings will be assumed as a donation. It is important that a member puts their wallet address under their profile page so as to not lose any earnings.

BITFEUD:

Bitfued is a type of traffic exchange service that exchanges VIDEO VIEWS (through you tube). For example, as a free member, you are being rewarded 1 GBBG point to view 1 video until the timer runs out. (not required to watch the ENTIRE video). As such, BITFEUD's twist is that they have a bitcoin FLASH sale once a week. You have to look to see when the flash sale will happen, and at what time.

The flash sale works like this: When the button appears, it's a race to see who clicks FIRST. Whoever clicks first has (forgive me if I'm wrong, I'm going off the top of my head) - 48 hours? to CLAIM their prize. If said weeks flash sale was $50 worth of bitcoin for HALF price, then the winner in turn has to send $25 worth of bitcoin and then in return they will receive $50 worth of bitcoin. HALF the price! That is the reward for winning.

Here is the catch: Only a premier member can participate in a flash sale every week. I believe some flash sales are only meant for people who have NEVER won a flash sale before. If you don't have the BTC to send, then participating in the flash sale is pointless.

They provide the flash sale for FREE members too, but I believe that only happens once every 6 weeks.

As a premier member of BITFEUD, you are able to post a video of your own that people will watch. Granted, the 23 seconds is nothing, all you need is 23 seconds to grab the attention of a potential customer/supporter/whatever. If they like the video, and are interested, they will watch the whole thing. (I know that sometimes, getting GBBG points will cause you to watch the same video many times and gets repetitive -- at this point, you're not trying to watch the video, you're trying to get GBBG points).

Also, as a premier member, instead of 1 GBBG point per view/click, you are receiving 10 GBBG points per view/click.

MYBITCOINREWARDS:

Mybitcoinrewards is a type of traffic exchange service that exchanges WEBSITE VIEWS (kind of like BTC Clicks or BitcoinBlizzard) For example, as a free member, you are being rewarded 1 GBBG point to view 1 website until the timer runs out. As such, every point you earn grants you an ENTRY for a chance to win 1 of three MONTHLY drawings: 0.10 BTC, 0.20 BTC, and 0.30 BTC.

At any given point, you can choose which drawing to submit your entries to. Anyone, whether premier or free, can submit entries to win. This is all luck of the draw. 1 click = 1 point + 1 entry.

If you win, the bitcoins will be deposited into your wallet address, assuming you provided your wallet address under your account profile. This drawing is once a month. The entries you submitted in April are reset for May because May is not April.

Premier members, like bitfued, are able to post an ad of their own. It can be their own website, or an earnings source they would like to build a downline to. Sites containing iFrames are not allowed, so if you put up an ad with Iframes, no one will be able to see it, making your ad a waste of time, space, money etc.

Also, as a premier member. instead of 1 GBBG point per view/click, you are receiving 10 GBBG points per view/click.

IWANTACAR:

iwantacar is a type of traffic exchange service that exchanges WEBSITE VIEWS (kind of like btcclicks or BitcoinBlizzard) For example, as a free member, you are being rewarded 1 GBBG point to view 1 website until the timer runs out. As such, every point you earn grants you an ENTRY for a chance to win 1 of THREE possible cars: A car worth $25,000, A car worth $50,000, or A car worth $100,000.

At any given point, you can choose which drawing to submit your entries to. Anyone, whether premier or free, can submit entries to win. This is all luck of the draw, just like mybitcoinrewards. 1 click = 1 point + 1 entry.

If you win, you win a car. (I will explain the "catch" shortly)

Premier members, like mybitcoinrewards, are able to post an ad of their own. It can be their own website, or an earnings source they want to build a downline to. Site containing iframes aren't allowed.

Also, as a premier member, instead of 1 GBBG point per view/click, you are receiving 10 GBBG points per view/click.

THE CATCH TO IWANTACAR:

GBBG is still in it's pre-launch phase. They have not fully launched. They will not launch [the matrix] until all co-founder accounts are sold.
If you look at the amount of BTC in each IWANTACAR drawing, the BTC in each pool does not meet the price of the car. That means that the first car has not been given out yet... CLEARLY.

------------

GBBG POINTS: GBBG Points have a value to them, much like EarnCrypto points, or Gift Hulk points, or BITTO, over at Bittoclick.com. Before the new site, there was no information about how much 1 GBBG point was worth. Now it is listed. ( i think 0.00000068 btc per GBBG point right now)

Why can't you turn GBBG points into btc? - You are "storing/hoarding/saving" your GBBG points until the matrix launches. Once it launches, you will get paid once a month for all of your points. It is only then that your GBBG points will be PAID OUT. That doesn't mean that you are working for nothing now. The Matrix WILL NOT LAUNCH until all the co-founder accounts have been sold.

That is the FULL breakdown of bitbillions.

Plenty of people have been paid via the flash sale AND mybitcoinrewards, therefore you cannot call those 2 earnings source a scam. Scams don't pay!!!!!

The pools at iwantacar have never met the 25k/50k/100k marks yet, so UNTIL that happens, you cannot call iwantacar a scam.

BitBillions is promising to pay out the GBBG points when the MATRIX is launched (when all co-founder accounts have been sold). This means, that until that happens, again, you can't even call bitbillions a scam.

If there is a scam posted on one of their earnings sources (an ad) , such as "mybitcoinjob.com" - a confirmed scam, that doesnt mean bitbillions is a scam. That means that a premier member put the ad up themselves. That means that there are members who signed up to GBBG trying to scam the system, or there are members signed up to GBBG who simply did not know or do not know that the ad they put up is a scam site. Therefore, you cannot call GBBG a scam.

I have seen legitimate non-bitcoin websites have a scam ad on their ad choices ad. Does that make the legitimate website a scam? No, it means that a scam website infiltrated their ad system.

Is bitbillions risky? Yes, it kind of is. It's a gamble. Are the co-founder accounts REALLY that expensive? Enough to break banks, foreclose homes and make someone go homeless? Only if one such person were to buy the rest, and in that case, would be a really stupid idea. GBBG is for the long-haul. GBBG stands for Global Blockchain Believers Group.

Please provide legitimate proof that GBBG/Bitbillions is a scam, I'm sure you won't be able to. I could easily say that many websites are a scam too. Even more so if I never even bothered to sign up and do proper research....

I've been privately invited to be a part of a project and the invite came directly through gbbg. If GBBG was a scam I doubt I would have been invited. Even more so nobody asked me to pay or invest they simply invited me.

the other 3 earnings sources on GBBG:

trackmyurl - i dont use it , some url tracking service. I dont want to pay for it.

POW (preservation of wealth) - *NEW* - Some kind of new partnership that GBBG accepted with POW. -- Too expensive for me right now. Scam alert posts on BBB regarding unsent bullion. Read it though. Some cases were resolved, others we're talking a $30,000 bullion purchase. A purchase that big should cause delays, as mentioned in the report. I am unsure about this, but as I said, too expensive for me. Does not seem like a scam, but there is controversy

GBBG|ware - Not even an active earnings source yet. (Still under production) so any controversy about gbbg ware is meaningless.

Although, i have to say, the opportunities that I have been given, through bitbillions, and through the GBBG higher-ups..... this is probably not a scam.

They didn't have to invite me.... when they asked me if i wanted to be a part of the project, there were over 65k members. Why me? I'm a nobody. I have no money, and they have no way of scamming me or stealing from me, and when they offered me the opportunity I had only been around for about 2-3 months.

- I've seen posts on other scam forums. Nothing proves GBBG being a scam. "Oh but this guy ran tagvillage"

All I have to say to that is:

George Bush ran many companies into the ground, and yet we still voted him into office...TWICE! Then he ran the USA into the ground. There's a scam for ya.

GBBG has not been proven to be a scam, regardless of the history of the people involved.

By the way -- TagVillage is apparently promising to make a return.

I'm still confused why people think the term MLM is a scam. Freebitco.in has a referral system are they a scam? They must be!!! Where are all these bitcoin coming from? They offer no real service or product so they must be a scam!

GoDaddy also uses a referral/affiliate link system. This is a type of... MLM. So godaddy is now a scam too.

Bing rewards is a scam they use MLM.

Infact, 99% of bitcoin is using MLM. So bitcoin is a scam? The world is a scam.

90% of companies use mlm, and are pyramids feeding the guys at the top.

The question is, is bitbillions a scam or not?

If the owners are going to "run with the money" ... Well, I have to tell you that they'll be running off with pennies in comparison to a real scam site like Leancy.

If bitbillions is promising this ground breaking revolutionary product, and the product has not been made public yet, then again you can't call bitbillions a scam.

You can call them a bunch of jerks for not being open. You can say that bitbillions is high risk and has the potential to being a scam. They also have the potential to deliver what they've promised.

How long do we have to wait until we can say bitbillions is a scam for not delivering? Easy. If nobody gets paid and the matrix isn't launched and they don't follow through when the all co-founder accounts are sold then we can go ahead and call them a scam.

Until then, all you can do is dream about how badly you want to be right about how GBBG is a scam.

I don't want to be scammed, trust me! The thought makes my stomach hurt and my heart drop!

It is impossible to consider them a scam yet.

I have ideas of my own, and working on them as we speak. Would I dare share them? No way! Everywhere I look there's someone trying to steal ideas to get rich themselves.

So of gbbg has something really special then why would anyone expect them to spill the beans before they are able to protect and lock down their product? Some could respond as, don't waste our time til you're ready. Sometimes power in numbers gets the job done faster.

I don't blame them for hiding. Whether it has to do with past reputation, protecting a golden idea, or both. If they were a part of scams in the past it is still possible that they themselves were victims.

I could add more but the more I think about Beacon's post the less I care about this website.

Good day.

[littleroundman]

I do not believe they are a scam at all.

Good for you,

enjoy your millions.

[Whip]

all those words to promote a scam are a BitMuch©

[littleroundman]

all those words to promote a scam are a BitMuch©

It's not a bad tactic though.

Include as much B/S as you want, knowing full well nobody is going to bother to take the time or consume the forum space required to point out the obvious errors in logic and fact.

It was all wasted though

There is no compulsion to do as anyone here suggests, there is no punishment for non compliance.

All we suggest people do is covered by the logo in the top left hand corner of the sites' front page:

http://www.realscam.com/images/misc/realscam-logo1.gif

YOU DECIDE.

And Fiendish has obviously decided.

End of story

[Whip]

It's not a bad tactic though.

Include as much B/S as you want, knowing full well nobody is going to bother to take the time or consume the forum space required to point out the obvious errors in logic and fact.

It was all wasted though

There is no compulsion to do as anyone here suggests, there is no punishment for non compliance.

All we suggest people do is covered by the logo in the top left hand corner of the sites' front page:

http://www.realscam.com/images/misc/realscam-logo1.gif

YOU DECIDE.

And Fiendish has obviously decided.

End of story

Sssssssshhhhhhh. don't tell twinktwink

[cantuc]

Fendish:
The skepticism about bitbillions in this discussion is well founded because of its owner, David Ruebush the founder/ CEO/ administrator of GBBG bitbillions. I am a member of Tagvillage( also a David Ruebush operation https://www.linkedin.com/pub/dir/David/Ruebush?_mSplash=1 ) became a member in December 2010 needless to say I have listened to the webinars, read all the news articles, invested a lot of money.
I believed David R when he said he would be open honest and transparent with the membership.

How did that go, you ask?

Well not so good.

Tagvillage is broke, I can not withdraw my money out of my personal account, the product I invested in is not making money,( because there is no product) it seems like the only thing this man (DR) told me that has came true is the part about being transparent.
When members asked about the direction of tagvillage on the the official Tagvillage Facebook page.
No information was given about the future of tagvillage, not long after DR deleted his replies then deleted the page. The Tagvillage site is closed,has countdown clock on it, countdown to what the membership doesn't know, the shareholders are under a corporate gag order. No word from David R since last July.
So Fiendish this is my experience with David R yours might turn out different.

[Beacon]

I am not looking forward to the responses I am going to get (especially from Beacon) but I am ready for all the trolling and sarcasm you have planned for me.


Your prescience is waning. i haven't planned anything. I'm just replying to what you raise.


You guys pretty much already chewed me up and spit me out.


Again I don't recall mentioning YOU. It is your "little argument" that I was dealing with.


I regret posting, but now I feel obligated (or you'll probably determine that i am the next big internet scammer) I don't even want to do this. I would rather go back to my little corner, in my little bitbillions dream world and continue to get scammed by bitbillions.


Im'm unsure what you mean here. You seem to accept your are being scammed but you feel obliged to allow yourself to be scammed?


It took me a while to even make my first post simply because I expected these responses but they still took me by surprise.

WHICH posts? HOW were they surprising?


This topic brings the evil out of you all.


So you are now a moral authority who decides what good and evil is? I honestly don't recall anything which seemed "evil" by anyone here responding to you. Maybe you can illustrate what you mean by showing who was "evil"?


I get it. As such, I am going to go ahead and play the game. Quite honestly, I'm having an internal debate as to wether or not I want to even bother posting my argument but whatever. My point is I already feel that this just may just get me nowhere.


You have made similar statements before. I think you may mean it may not get you anywhere. Although that in itself would depend on where you want to go. The assumption seems to be everyone else is wrong and you are right. So why not start by assuming you are wrong and bitbillions is a scam? What evidence would you suggest shows that such a scam if it is a scam?


As such, I can see you guys are over 9000 percent positive that GBBG is an HYIP. (High investment) (I laugh at this because I don't see any high prices)


Thats probably because of the Y which is for high YIELD. It means if you invest say ten cents that withing a week you get fifteen cents a high 50% return. It would still be only five cents though.


I've seen the 'make 3k a month in 5 minutes' gig many times myself and I have to say I never once bought into it. It's pretty shameful what people get themselves into these days. I've pretty much seen all this. Yes, this guy appears to be risky businesses. I can't deny that fact. I don't know how "in" he is with GBBG. I can't argue or justify what he appears to have done. What he is being accused of sickens me, but you said people went to prison? Is there some way that HYIP pimps are just fully protected from the law?


Stick up artists and muggers aren't either. Nor are kidnappers. that didnt stop a bunch of them kidnapping 250 girls in Nigeria though did it? You see that is the difference between good and evil and law. Having laws doesn't prevent good and evil which existed even before laws were ever written. You don't get rid of evil by writing a law about it.


You seem to think that any and all MLM are scams, ponzi and HYIP. From your response, there is no such thing as a legitimate MLM. Am I correct on this?
I would say no you are not correct. But put it another way. Suppose I believe in socialism or communism and that priovate property is wrong. Suppose I believe the state should regulate income or even own all land or property. Not personal possessions just private property. Some people would regard making laws like that ( which because they are laws are "legitimate" as just plainly wrong) Likewise some people would regard legally conducted business by multinationals as wrong. Apply computers for example do about three quarters of their business outside the US. they then pay 0.2% tax on it in Ireland move it to Holland and then to New York where they pay no tax at all on that money. Some people think this is entirely wrong. Other people think paying any tax at all is wrong. Ironically some of them insist on having a Militrary paid for by tax but also oppose having a Health service paid for by tax. They are not all necessarily evil people . thy just have different political views. My personal view? Systems that have a tiny percentage making almost all the money and all the others doing almost all the work are not fair systems. MLMs have these type of systems.


The someone begging for money post -- that is truly a hilarious way of putting it. I... How do you even get "haha look! he's begging for money! lol!!!" From that thread? I am having second thoughts about this forum. I have hope. (Maybe). But no seriously, I laughed outloud. Pure comedy.


Again you seem to have issues about what you actually believe.



It doesn't really matter what I say. I could write an entire book (assuming I were right about GBBG) and you'd still be convinced that it's a scam. But I'm going to try anyways, and as you read on you might understand where I'm coming from.


'Im sorry but what others think isn't the issue. It is called burden of evidence. It is part of making a logical argument. If you make the claim it is for you to provide the evidence. It isnt for others to provide evidence to prove something is not as you claim -although they may well do so.
Thats part of learning what an "argument" is.
Also look up "extraordinary claims" when looking up "logical fallacy".
Sayng "ther are probably loads of scams out there " is not an extraordinary claim requiring proof no more than claiming Mike Tyson probably weighs over a hunders pounds. It is when someone says Tyson weight 500 pounds or "this is the ONLY legit fair money making scheme and all the others are scams" that they are making the extraordinary claim requiring supporting evidence. Again if you claim it it is for you to prove it.


When I say I started with bitcoin and bitbillions, I am not implying that bitbillions is bitcoin, so I am not sure how you got that. Yes, I know bitcoin is not bitbillions. I am saying that I discovered bitcoin, and through bitcoin I found GBBG.

So what?


.

- Perhaps the term unprofessional was misused.


I think you are perhaps correct.



- The only knowledge I have about bitbillions is my own personal research, along with signing up and getting acquainted with the system they have
So you admit you know nothing about it and do not have occult knowledge?


The funny thing is, even my honesty has you believing that I am somehow involved deep on the inside. This just means that I am pretty much wasting my time with these posts. (I know you're going to say I'm wasting my time with bitbillions. Cool.)


Well how about you are wasting your time tryng to prove Astrology works or stickups are an acceptable way to conduct business?


- Your response to my "I know what is to come of this group" proves my point precisely. So let me tell you how I came about such a genius foresight before you start begging to pay me for a tarot card reading. I've read many responses on this thread, along with others. The mood setting on this thread is quite harsh.


But not illogical or evil? Totally rational in fact you might say ?



The evidence is... well, evident. Next weeks lotto numbers? Are you serious? How real is this forum? I can no longer take this forum serious. At least not Beacon. Sorry guy, you're a joke to me right now. I feel dumb even acknowledging your nonsense.


If you "know what is to come" I was just suggesting you share this ability with others. Or is it restricted only in knowing what is to come of Bitbillions? Again that is not an extraordinary claim.



- Nobody is my boy. Him and I go way back. We were gang banging when we were 12, slangin dope, and working closely with David and David. Our drug cartel money funded their ideas. It all started when we were in 6th grade pencil fighting, and decided to sell pencils. Then we started a Pencil MLM Company.

The reason I referred to "nobody" and "nowhere" as used by you is that you might be better off starting with a null hypothesis i.e. assume Biitbillions is not a business and will have no lasting effect on the world at all. You then set out to try to test this by producing evidence that Bitbillion is in fact making money for everyone involved in it.



- Beacon, the further I get into your responses, the less I want to live on this planet.


You seem also to have a problem with tolerance.


I never said I could predict the future, and I never said I have occult knowledge or secret knowledge about bitbillions.


Again if you dont "know what is going to happen" and if you can't explain how Bitbillions is a workable fair business then you arent making any claims are you?



It doesn't take a genius to figure out what I've figured out thus far. Although, your responses have made my prediction of the future quite accurate.


Really what prediction was that? You see saying that "Im going to write the numbers 567 in my next post" and then proving that true by doing it isnt an extraordinary thing is it? Predicting the Lotto however IS.



You are not someone that is easy to communicate with.


Let us say this is true. So what?


Unfortunately, aslong as I am posting/reading here I will have to deal with your epic win mega awesome trolling. I find it funny that I came here in all seriousness and all you want to do is throw jokes at me..


Again I made NO PERSONAL REMARKS. I just dealt with the argument and issues you raised and not personally with you.


wow I'm wasting my time. I'm trying though, for the sake of eagleone and ribshaw, they at least seem somewhat interested without being jerks about it, but I thank you for your pointless post that really contributed very little.


I suggest you read through them again and you may find that I am pointing out how you might improve your arguments and apply logical thinking in future.



- Tomorrow, the sun will rise. You're going to response to my post. You will most likely troll and be as sarcastic as possible.


This is called "inductive reasoning". I suggest you should look it up. Again saying I will respond isnt extraordinary. So what? I honestly havent trolled you at all.



You will find any little loop in my text and twist it so that I sound stupid. Go for it.

I never suggested you were stupid. Uneducated in logical argument maybe but that can change and I hop for you it does.


Have done this whole back and forth forum nonsense for a long time. I expected more from a site/forum like this one but oh well. I expect too highly of people sometimes.

I expect you might try to learn about how to conduct an argument and not assume a destruction of your argument is a personal attack on you.


- Beacon, I have to say, the more I read your posts, the dumber I get. Pure and utter nonsense. You are talking to me like I have an IQ of 1. Absolutely rediculous I am seriously at a loss for words.

Well that would be your own impression. I will refrain from commenting other than to say I made no personal comments about you.


- You are comparing guns and murder to Bitbillions?


No . Im comparing the act of sticking people up. It isnt the gun or the money it is what is done with it.


The stupidity of your gun and stickup response, what the hell dude? How old are we? I have to live on this planet with you? *face palm*


Your intolerance of logical argument is doing nothing to assist your attempts to prove that that something that is successful is justified based on it working. Also look up "ad hominem" . when you are losing the argument do you always resort to attacking the person ?



So upon first glance of GBBG you say scam immediately,


REally ? WHERE? I think I have told you I dont have to claim anything . Look up "shifting the burden"



but you've never taken the time to understand their system? Much less sign up?


I haven taken the time to stick people up either. Should I? If a woman goes to a doctor for advice on pregnancy should the advice be rejected because the doctor is male and can never be pregnant? Shoud i perhaps start taking drugs because people who do so say it is great and I have to try it?



A lot of people called the internet a scam when it first came out. They were totally against it. Why? Cause they didn't understand, nor care to understand.


Look up "strawman" while in that logical fallacy library.



I have to say, you guys must be absolute genius's. To be able to determine a scam without doing ANY internal research?


Again look up "shifting the burden"



You can search the web and business registrations all you want but without getting your hands a little dirty, I am quite impressed with how much knowledge you guys have. I think it is you who can predict the future, and I feel that you should hook ME up with some lotto numbers. Although that is quite typical of the law enforcement type. "Everyone is guilty because I said they are". lol.


Again "ad hominem"



The first 2 words in HYIP are High Yield. Doesn't high yield mean lots of money?


No it doesnt! It means high percentage returns.



Because I have not broken my bank. I'm pretty sure I've lost more $ at the casino in the last year than I have with bitbillions.


Strawman.



If bitbillions went away tomorrow, I'd be like oh crap, they were a scam. Those morons scammed me out of less than $100? Such amatures. Oh well, moving on.


does not prove it is a fair process. By the way a million people scammed out of $100 is ~ a hundred million dollars!



- I may have used the wrong words. I should have said you can't call GBBG a scam *YET*.


we can but it is YOU claiming it is a fair business. So where is your evidence?



So should I even bother posting my main argument?


Not if it is fallacious no.


I would like to ask if you agree that you can't 100% say that GBBG is a scam YET. Future potential possible? Absolutely? But is it a scam RIGHT NOW PROVEN? Yay or nay?


again shifting the burden. Feel free to prove it is a fair business.


- You think they are criminals, I get the tone now. Please do not treat ME like a criminal. Do all the research you want on me, I'm sure you already have a team working on a full background check.


again YOU and YOU ARGUMENT of it being a fair business are not the same thing. I have to go into sarcasm mode now but one of these things is not like the other.


- You do not have permission to post my information on here. I didn't read the sign-up agreement. Is it mentioned that the posting of someones information is allowed? If so I'll leave immediately.


I doubt anyone decent will post personal private information. If you put personal information in the public domain then that isnt their problem. Im always tell people be careful about that.


There's a good chance I won't bother coming back to check this forum.

Well that suggests you don't care about what you claim or about supporting it

[ribshaw]

As such, I can see you guys are over 9000 percent positive that GBBG is an HYIP. (High investment) (I laugh at this because I don't see any high prices)

The first 2 words in HYIP are High Yield. Doesn't high yield mean lots of money? Because I have not broken my bank. I'm pretty sure I've lost more $ at the casino in the last year than I have with bitbillions. If bitbillions went away tomorrow, I'd be like oh crap, they were a scam. Those morons scammed me out of less than $100? Such amatures. Oh well, moving on

It doesn't really matter what I say. I could write an entire book (assuming I were right about GBBG) and you'd still be convinced that it's a scam. But I'm going to try anyways, and as you read on you might understand where I'm coming from.

So upon first glance of GBBG you say scam immediately, but you've never taken the time to understand their system? Much less sign up?

HAVE YOU READ THE THREAD START TO FINISH?

Let's make one point clear, GBBG Bitcoin Fund was an unregistered security being offered in violation of laws in the US and in most jurisdictions.

WHAT MORE DO YOU NEED?

Without going into much about how you are dealing with low rent scammers, you can read up on HYIP and see the parallels if you choose. Keeping in mind 50,000 people or whatever number is times $100 is not chicken feed. The fact that not many people will complain makes it a great scam to run.

Investor Alert - HYIPs?High Yield Investment Programs Are Hazardous to Your Investment Portfolio - FINRA (http://www.finra.org/investors/protectyourself/investoralerts/fraudsandscams/p121728)

https://www.sec.gov/answers/highyild.htm




I don't know how "in" he is with GBBG. I can't argue or justify what he appears to have done. What he is being accused of sickens me, but you said people went to prison? Is there some way that HYIP pimps are just fully protected from the law?

HAVE YOU READ THE THREAD START TO FINISH?

Aussie got caught in some lies, including how "IN" he is with Dave Ruebush.

Protected no, but there are limited resources to tackle evil, and let's face it what can the government do when people think someone is going to give them $23,000.01 per month for a one time $100 investment? Especially when they happen upon websites and tell everyone what a sound choice they made.


You seem to think that any and all MLM are scams, ponzi and HYIP. From your response, there is no such thing as a legitimate MLM. Am I correct on this?

This would be an interesting thread for you to start as I don't want to take things too far from Bitbillions. Textex would love for you to highjack his thread over in the rants section.

I have not seen every MLM out there, in short... Prices for products are too high and/or affiliate commissions too low, the math seriously works against success, and most are not "building their own business". Affiliate agreements make you a glorified employee without benes, expense accounts, or rights.


The someone begging for money post -- that is truly a hilarious way of putting it. I... How do you even get "haha look! he's begging for money! lol!!!" From that thread? I am having second thoughts about this forum. I have hope. (Maybe). But no seriously, I laughed outloud. Pure comedy.

Either way, those 3 threads you posted are from ... Bitcointalk.org? I have to say, for such a busy and popular forum, bitcointalk.org is the biggest pile of crap dumping grounds for bitcoin I've ever seen in my life and I am not necessarily proud of having posts there. The crap that goes on there... Lots if illegal stuff! You can put **** on fine china it doesn't make the **** look any better. Take all the cool, legitimate things of bitcoin, and then take all the scams, illegal activity, scam artists, and mix them up. Turn the concept into a forum, with a trust system. Then, when an account gains trust, sell it to a scammer so that the scammer can scam with a trusted name. That's bitcointalk.org.

Yes the tread sucks so much and is so filled with criminals that Aussie Striker and other BB'rs chose to advertise there in an effort to build their downlines. So unsavory that Dave Ruebush demanded the links be removed. Can't argue with your logic.

Let me save you a few years of your life, if it involves endless "recruiting" or "begging" as I like to call it you can be virtually certain it is a scam. These folks that call themselves "internet marketers" or "success coaches" care little more than earning a referral commission off of you.





'm trying though, for the sake of eagleone and ribshaw, they at least seem somewhat interested without being jerks about it

So should I even bother posting my main argument? I would like to ask if you agree that you can't 100% say that GBBG is a scam YET. Future potential possible? Absolutely? But is it a scam RIGHT NOW PROVEN? Yay or nay?


Jerk can be a relative term. Is Aussie a jerk for being willing to recruit people into scams and earn a commission? Or is he a a jerk because he touts scams and has no idea they are not real businesses? The world is filled with people that will take every penny you have. Are they not "jerks"?

To a point I am interested in seeing people not get screwed over by the likes of BitBillions or any other money game.

Yes GBBG is 100% scam, best case they will come out with penny auctions or herbal testosterone supplements. We could just go back to their first ad where they claimed to be working on a bunch of **** that already existed. Yet here we are a year and a half latter all they have done is recruit and change withdraw terms midstream.

Do you have a main argument?

[EagleOne]

Fiendish:

When I initially responded to your post, I had thought about saving you a lot of time by telling you that you only needed to answer four basic questions since bitbillions is operating as a MLM company. Then I decided not to as I wanted you to have your say and was hoping that you would address those four basic questions in your answer. Why? Because they are the heart of what makes MLM legal or not in the eyes of the FTC.

Not once during your entire presentation did you address any of these four basic questions You gave the standard spiel of what people who promote any MLM do in defending their MLM as being legal. The fact that you didn't address these four basic questions tells me you have no idea of what they are or you would have addressed them. If you had done your research, as you claimed you did, you would know what these four basic questions are; yet not one was mentioned or addressed in your two posts.

Want to do real research and due diligence? Discover what these four questions are and come back with your answer to them. Then we have a basis from which to discuss bitbillions as being real or just another in a long-line of so-called MLM programs that were nothing more than a means for the founders and major promoters to steal everyone's money.

[Fiendish]

Fair enough. Eagleone, You know that I can't answer them to a satisfactory level. Why even try? I wasn't promoting I was gathering information. Nothing is decided, beacon, a large portion of what you replied to was sarcasm. Basically I trolled you.

Thanks for the great response ribshaw.

For now, it's a waiting game. I really have nothing else to say. I know I was a bit loose with terms. Debate/discussion would be preferred over this glorified argument that really wasn't.

Peace.

[littleroundman]

Basically I trolled you.

Gee,

that's a surprise admission,


NOT !

[EagleOne]

Fair enough. Eagleone, You know that I can't answer them to a satisfactory level. Why even try? I wasn't promoting I was gathering information. Nothing is decided, beacon, a large portion of what you replied to was sarcasm. Basically I trolled you.

Thanks for the great response ribshaw.

For now, it's a waiting game. I really have nothing else to say. I know I was a bit loose with terms. Debate/discussion would be preferred over this glorified argument that really wasn't.

Peace.

You don't even know what the four questions are, so how can you say you can't answer them to a satisfactory level? I think you would at least want to know what the four questions are because the answers will tell you if this is a legal MLM or not. For someone who is all gung-ho on the program, you seem to be giving up way too easy. Does this mean that you really don't believe it is real? I'll tell you what the four questions are if you ask.

[NikSam]

...No word from David R since last July.
..,

David ran away to Ukraine. to his buddies , a known HYIP ring.
It might get dangerous being an american in east Ukraine now, maybe he needs a new country :)

[Beacon]

Fair enough. Eagleone, You know that I can't answer them to a satisfactory level. Why even try?

He does NOt know no more than he knows you can predict the markets using astrology.
But again the burden of proof is on you in that case to show in advance your astrology or announce in advance your prediction. If you "don't even try" to make such a prediction then you have offered no backup at all for your argument. If you can't backup your own claims then they are empty claim and you have completely lost the argument.

In short beginning a debate with "we all know the following claims about bitbillions are not true but I'm going to try prove they" isn't really a convincing way to start is it? Particularly when you then don't provide any evidence at all.


I wasn't promoting I was gathering information.

You alleged that maybe bitbillions worked based on the fallacious argument that others haden't joined it and haven't experienced it and so should not be entitled to argue against it. As I pointed out they haven't tried armed robbery either but that does not remove their ability to say armed robbery is wrong.

We get this a lot on RS. For example maybe the money is actually being made by unicorns and pixies in a "blind network" and therefore because people have never seen the network or unicorns or pixies they therefore can't comment and the "made by unicorns" argument is correct? I'm actually being serious here because this is the "logic" applied by some touts of HYIP schemes and you can find ample examples of it here and all over the "interweb".
Im accepting at face value that you are wholly ignorant of such things and have not been exposed to critical thinking and to the tactics employed by scammers.
So dont take anything personally. If you are asked to do research go and do it and if you dont know where to begin try asking someone without personally attacking them.


Nothing is decided, beacon, a large portion of what you replied to was sarcasm. Basically I trolled you.


If you did so what? Everything I stated was rational and if I made any errors ( except typos) feel free to correct them. You gave me an opportunity to rebut some of the constant arguments trotted out by scammers whether or not you are one and you gave RS the opportunity to show how scammers might take advantage over naive or ignorant people.


Thanks for the great response ribshaw.


Yes thanks ribshow. Apparently my reply was not "great". I trust it was logical and reasonable.


For now, it's a waiting game. I really have nothing else to say. I know I was a bit loose with terms. Debate/discussion would be preferred over this glorified argument that really wasn't.

for now it is NOT a waiting game! You made claims you could not support so it is a game over or game lost by you. If we are waiting for anything it is supporting evidence from you. I don't expect you will supply it and in the absence of evidence reasonable people will believe your claim that bitbillions is a fair business is false and it is a scam.


Peace.
again there is no evidence that myself or any reasonable contributors of RS had any malice towards you. It was your claims we attacked.

[Beacon]

David ran away to Ukraine. to his buddies , a known HYIP ring.
It might get dangerous being an american in east Ukraine now, maybe he needs a new country :)

actually part of East Ukraine the Crimea is a new country. No scratch that. It is now de facto part of an old country called Russia.

[NikSam]

actually part of East Ukraine the Crimea is a new country. No scratch that. It is now de facto part of an old country called Russia.

Beacon, do not try to educate me on south-east Ukraine, you not gonna win this one, for one simple detail, I am from there (Odessa) you are not :)


David is in Kharkiv, which is currently under control of Kiev provisional government, the upraises there were smashed.
Mayor of Kharkiv been shot by a sniper, so it is a hot zone, but still under Kiev's control. Maybe east upraise will swallow Kharkiv region and
connect it to now forming NovoRussia entity, maybe not. Kharkiv is the 2nd biggest city in Ukraine and Kiev will fight hard to preserve it.
In any case , it is dangerous to be an american there, public is mad at US for supporting the Kiev regime.

[littleroundman]

http://i270.photobucket.com/albums/jj119/LITTLE_ROUND_MAN/reub_zps2f19e6a1.jpg

Bit Billions thread, MMG HYIP ponzi forum (http://www.moneymakergroup.com/Bitbillions-Bitbillions-t437053.html&view=findpost&p=1108816185#entry1108816185)

No need to add anything, really, is there ??

[ribshaw]

No need to add anything, really, is there ??


Only because I am a bit childish, and Aussie Mopper has had a long time relationship with David Ruebush. There were several exchanges that took place over a year ago on this thread where it was suspected Rebush was behind this whole ruse. Aussie was having none of that, I leave it to the reader to draw their own conclusions.




3/22/2013

BitBillions are anonymous. As stated in the Q&A with the question of who is behind GBBG

I am just the middleman giving info available POST 95


I don't think that will ever be known who is managing it. That would go against the whole privacy issue. Having said that I have owned managed funds before and knew little of who was managing them as well.



I suspect that you and Merry are both insiders and that Tagvillage is somehow involved with BitBillions, enough to call shenanigans. POST 102




The CEO of Tagvillage had that comment on the page which contained that quote. So maybe he does know people involved. Somewhere, someone has to right?

As for having access to the CEO, he is very approachable, he has talked to many members even outside of this group. He doesn't try to hide.

Tagvillage are involved with BitBillions now as they are the advertising network that is discussed on the blog page. POST 108

[littleroundman]

Only because I am a bit childish, and Aussie Mopper has had a long time relationship with David Ruebush. There were several exchanges that took place over a year ago on this thread where it was suspected Rebush was behind this whole ruse. Aussie was having none of that, I leave it to the reader to draw their own conclusions.

http://imageshack.com/a/img843/4648/fqtn.jpg

But, but, but, Aussie Striker aka David Newman is not an insider - MUCH

[Whip]

are you saying aussie_strikeyourwallet is a big ole fibber?

[littleroundman]

are you saying aussie_strikeyourwallet is a big ole fibber?

With a long history of fibbing.

[ribshaw]

If I were an artist I would call this piece, "Lying to your face", sadly I am not that gifted.

I don't know in what world people paid money they are owed take to the web and say they weren't paid. Conversely in Ponziland one will hear everything except the sound of cash hitting their account, apparently including being told no one has lost money.





Tagvillage - Has been in development for 2.5 years and is launching with full ad platform next month. Nobody has lost any money with the company, in fact with bonuses, every single person that has joined and bought tags in the past has made a profit. Not just some people, every person. From next month tagvillage should start marketing to advertisers and publishers. POST 125 3/26/2013[



In any case the only money available in tagvillage is the money that covers members credits (which they can withdraw). That money is still in an account for tagvillage and will remain so. It covers all the money members can withdraw. The latest withdrawal from tagvillage was in January by someone. It was posted on facebook. POST 266 4/1/2014

The comment from cantuc I heard almost verbatim from someone else and it mirrors the comments on the Tagvillage FB page.



I am a member of Tagvillage( also a David Ruebush operation became a member in December 2010 needless to say I have listened to the webinars, read all the news articles, invested a lot of money.

I can not withdraw my money out of my personal account, the product I invested in is not making money,( because there is no product) it seems like the only thing this man (DR) told me that has came true is the part about being transparent.
When members asked about the direction of tagvillage on the the official Tagvillage Facebook page.
No information was given about the future of tagvillage, not long after DR deleted his replies then deleted the page. The Tagvillage site is closed,has countdown clock on it, countdown to what the membership doesn't know, the shareholders are under a corporate gag order. No word from David R since last July.
.

[NikSam]

Looks like there is a great new country for Ruebush to run to and it is just 300km from Kharkiv - the new formed Donetsk People Republic.
The chancellor of the Republic is Denis Pushilin (Денис Пушилин) who was a one of the top shills in the russian massive MMM-2011 ponzi (http://en.wikipedia.org/wiki/MMM-2011)
There is full blown civil war going on at the moment and anti-american sentiment in masses, but if Ruebsh makes a friend with the top guy in government he can be like minister of finance :)

Here is Denis Pushilin and link to MMM ponzi: http://imgur.com/a/7q4hI

[Beacon]

Beacon, do not try to educate me on south-east Ukraine, you not gonna win this one, for one simple detail, I am from there (Odessa) you are not :)


So what? Crimea was South East Ukraine. Russian cabinet members specifically stated they were not interested in annexing Crimea. A few weeks later they declared Crimea as part of Russia. I have no dog in the pipelineistan fight for South stream Blue Stream or whatever. I dont think Us corporate interests are any better than Russian corporate interests. Nor do I think the not pro russian Ukrainian government is perfect or that the last pro Russian one was. ther are a lot oif factors at play but like Ossetya or Chetnya if there wasnt gas and oil involved little would be dine by NATO Russia or the EU and next winter Ukrainian will still freeze just as they were allowed to die of radiation poisoning when Pripyat was cleared out. I have never been there but plenty of people from wher I live adopted the kids and still run charities there.

[Fiendish]

When it comes to MLM laws I've done my research. There's more than just 4 questions, so i could spend all day trying to figure out which ones are your special 4.

Clearly you and I are referring to 2 different sets of questions. The fact that you're playing this little game about "ask me and I'll tell you" is pretty silly. I don't need your special questions.

Regardless, I can't find the proper answers that says GBBG is a legal MLM business. They are definitely hiding. There really is nothing for me to argue. . All of this information leaves hundreds of questions in the air.

The only people who can answer these questions, even regarding TagVillage, are the people directly involved. So I can sit here and post after post, you guys are right -- I have no argument.

[EagleOne]

Fiendish: The four questions are: 1. How many in your downline? 2. How many Retail Customers do you have? 3. What percentage of your income is from referrals and your downline sales? 4. Is 51% of your income from Retail Customers?

Of these four questions, No. 4 is the one you have to worry about as this is what the FTC says constitutes a legitimate MLM program. So if you don't have 51% of your income from Retail (meaning they cannot be in your downline or an affiliate of the company in any way) Customers, it is an illegal MLM.

Had you done any real due diligence, you would know this rule. It is on the FTC website. Have you even read the FTC website about income requirements for MLM companies?

[NikSam]

Looks like there is a great new country for Ruebush to run to and it is just 300km from Kharkiv - the new formed Donetsk People Republic.
The chancellor of the Republic is Denis Pushilin (Денис Пушилин) who was a one of the top shills in the russian massive MMM-2011 ponzi (http://en.wikipedia.org/wiki/MMM-2011)
There is full blown civil war going on at the moment and anti-american sentiment in masses, but if Ruebsh makes a friend with the top guy in government he can be like minister of finance :)

Here is Denis Pushilin and link to MMM ponzi: http://imgur.com/a/7q4hI

Oh, boy ....
According to this act (http://donetsk-gov.su/docs/222.jpg) a representative of Donetsk People Republic in Russian Federation
was appointed Alexey Muratov (Алексей Муратов), who was arrested and ran away on bail and is wanted in India (http://timesofindia.indiatimes.com/city/mumbai/MMM-India-scam-Couple-arrested-for-multi-crore-fraud/articleshow/20879669.cms) for organizing and operating MMM-India ponzi scheme.
Looks like Pushilin is organizing a ponzi government :) Ruebesh should really consider moving in :)

[Fiendish]

How do you know I haven't done my research? Do you live with me? Cause I've already seen those questions, amongst many others. The 51% is what I was trying to answer the most, but clearly GBBG has no customers. Assuming that I haven't done my research by playing your word games is hilarious.


Had you done any real due diligence, you would know this rule. It is on the FTC website. Have you even read the FTC website about income requirements for MLM companies?

No, dude. Not at all. I just said I've done my research in the previous post but I have never read ANY website pertaining to MLM laws or the FTC website.

I came into this argument not knowing A THING about MLM. lol......

I suppose that's the answer you desired.

Yes I read the freaking site. Sigh.

[Whip]

Because you joined a scam. It's just that simple.

[Beacon]

How do you know I haven't done my research? Do you live with me? Cause I've already seen those questions, amongst many others. The 51% is what I was trying to answer the most, but clearly GBBG has no customers. Assuming that I haven't done my research by playing your word games is hilarious.

Not at all. You were told there were four questions. You were shown the four and you havent shown at all what YOU did in relation to asking them.



No, dude. Not at all. I just said I've done my research in the previous post but I have never read ANY website pertaining to MLM laws or the FTC website.


Therefore you may have done some research but it does not constitute due diligence for reasons explained to you already.
YOUR research was insufficient. How come?

[Fiendish]

The research I've done was plenty sufficient. It's not that my research is insufficient it's that I'm running into the same brick walls you have pointed out to me in this thread.

It's not that I joined a scam. I joined a possible scam to dissect it as such (or not) from the inside.

If and when gbbg is legitimately outed as a scam it will just run bitcoin down again. I'll be fine. My small loss was considered a gamble anyways.

They can promise great products all day long but for all we know they're just sleeping all day collecting money for a ghost product, I already know this.

I'm not sure why the hostility, it is seriously not needed, you act like I've offended you somehow.

You can attack my posts all you want and claim you're not attacking me but you are. Tone it down a little.

I'm not sure if you caught my sarcasm but I did lots of reading pertaining to mlm and FTC laws.

[Whip]

Just because you don't like the answers and are exposed as the lying scammer you are, trying to suck people in just so you can at least break even, is not an 'attack'. Put on your big boy pants and stop crying.

[EagleOne]

How do you know I haven't done my research? Do you live with me? Cause I've already seen those questions, amongst many others. The 51% is what I was trying to answer the most, but clearly GBBG has no customers. Assuming that I haven't done my research by playing your word games is hilarious.



No, dude. Not at all. I just said I've done my research in the previous post but I have never read ANY website pertaining to MLM laws or the FTC website.

I came into this argument not knowing A THING about MLM. lol......

I suppose that's the answer you desired.

Yes I read the freaking site. Sigh.

There is no answer "I desired." All I was asking was to try to determine what was the extent of your research, which you still not have told us what research you did, only that you did it. Nothing sinister at all in my comments, so not sure why you taking it that way. My reason for asking the questions was so I could determine just how much research you really did do and from what sources.

Most people, like you, when they say they have done their due diligence research it means they have: seen where people say it is the real deal; they see where people say they are being paid; they see where the people being paid say they are paid fast; they see people saying this is a no-brainer and you need to get in immediately; they see people saying what a great and legal program it is; and you believe that is doing due diligence research. That is not due diligence research, not even close. Now before you misunderstand what I am saying, I am not saying this is all you did. It just appears that way to me.

When you are being asked to invest in anything, you need to thoroughly check the opportunity out. The first rule of thumb is not to believe anyone or any thing they are saying when promoting the program. The first thing you do is check with the regulatory agencies to make sure they are properly registered and licensed company to sell securities. This is at the Federal and the State level. You also check to make sure the person offering the investment is also licensed and registered to sell the securities.

On Eagle's website, we have a section called Due Diligence and also Red Flag Warnings. We put it there to educate the public so they know what questions to ask and what are the warning signs that all is not what is claimed to be with any program.

There are several MLM guru's, and we link to all of them under Eagle's Other Resources link at the top of our home page, as well as other organizations that provide information and education to help people from becoming victims. We also provide links to all the Federal Regulatory Agencies so you can check the company and people out. In short, we put up as much information as we can to educate the public to keep them from becoming a victim. Hopefully the information we have available would be of benefit to you if you elected to go and read it.

You have to understand that many of us have been exposing these Ponzi's and illegal MLM programs for more than a decade, and we have heard it all. When someone posts in defense of a program in their initial post, most of us know what the person is going to say before they say it. We have been there and heard it all before. The story line has not change that much over the years.

Just a perspective from my view of your posts. Had you presented what you felt were your best arguments for why this is not a Ponzi, and then asked questions about things you weren't sure of, the replies you received would have been totally different. But before you even get into your explanation you say, and I quote:

"I will be posting again to explain to you why you or anyone cannot call GBBG/Bitbillions a scam."

when collectively those of us you have been around for decades exposing these scams know better, and then when you fail to prove your point(s), we are going to call you out. I am still waiting for you to explain why myself or anyone else cannot call GBBG/Bitbillions a scam.

[Fiendish]

When I said I did my research I wasn't talking about the positive comments and testimonials that paid members had for me. Just because I didn't read your website and your info doesn't mean I didn't do any research, I did. I was not aware that I was expected to link sources like a book report. The research I've done isn't just 5 minutes worth so for me to provide work cited it would be a while and it's not worth the effort. This isn't the only forum or site out there saying gbbg is bad

[Beacon]

I'm not sure why the hostility, it is seriously not needed, you act like I've offended you somehow.


this frequently happens to me. WHERE was I in any way hostile to you? Look and you will see I several times stated I was tackling your arguments and the points you raised and NOT making any comments about you! I deal with fact and logic. Maybe I do so in a cold fashion and don't get personally involved somethings. Ironcially iof you read my posts you will note I have a great deal of sympathy for those who have been scammed by various scammers.

Im not being hostile to you personally. If anything I am meeting head on the empty claims made by countless dupes and victims as well as active scammers who come here promoting what clearly seems to be a scam whether or not they are making money from it personally. If you expect me to say "you are promoting a scam but thatts perfectly alright here because you don't know it is a scam" then Im NOT going to say that because it ISNT alright even oif you are not willingly doing it or if you are unknowingly doing it. By saying "it might be true" and trying to shift the burden for otheres to prove a negative ( look up the items in bold as I referred to them several times already) you ARE promoting it.
That said I dont bear you any ill will and I hope you can learn about scams and logical fallacies.


You can attack my posts all you want and claim you're not attacking me but you are. Tone it down a little.

Where ANYWHERE did i make a personal attack on you? Please show me wher I did it and Im happy to apologise and explain it was not intended. But I think when you look you will see you may have had the impression it was personal but ther is no actual evidence that it was. Just as there is no actual evidence that bitbillions is anything other than a scam.



I'm not sure if you caught my sarcasm but I did lots of reading pertaining to mlm and FTC laws.

Apparently not enough since you have been shown four questions you seemed to have ignored.
But not to worry we know about those questions now and can move on.

In fact I myself was ignorant of the US 50% rule and will act on that to investigate EU law and press for new legislation on it if it does not exist.

[Beacon]

In fact I myself was ignorant of the US 50% rule and will act on that to investigate EU law and press for new legislation on it if it does not exist.

the same precedent is established in Belgian Law when they declared Herbalife a Pyramid Scheme

http://pyramidschemealert.org/wordpress/wp-content/uploads/2011/12/Belgian.Court_.Decision.pdf
See Page 16 Order Part 7


it has established,
managed or promoted a pyramid scheme, whereby the consumer or a business stands
to make money which is more likely the result of introducing new consumers or
businesses into the scheme than from the sale or use of products. The court orders
cessation of this breach and thus of the Herbalife pyramid scheme whereby a
consumer or an business stands to make money which is more likely the result of
introducing new consumers or businesses into the scheme than from the sale or use of
products.


I would regard "more likely" as being more than 50%

Oops that was appealed in 2013
but
CURIA - Documents (http://curia.europa.eu/juris/document/document.jsf?text=&docid=145882&pageIndex=0&doclang=EN&mode=req&dir=&occ=first&part=1&cid=612639)

This is also an RU Country and their AG stated
:AG Sharpston decided in its opinion that a national court to establish that there was a pyramid promotional scheme needs to take into consideration: 1) whether a consumer gave consideration in order to join such a scheme; 2) whether the scheme had a pyramid structure - that is it consisted of different levels with the operator at the apex and there was a cumulative recruitment of new members increasing exponentially; 3) whether the compensation paid to existing scheme members was derived primarily from the consideration given by new recruits, and it should not matter how small the consideration was.

[Beacon]

Okay the EU law is Directive 2005/29/EC ( the ‘Unfair Commercial Practices Directive’ or ‘the Directive’)
http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2005:149:0022:0039:en:PDF

Page 36 Annex I Point 14


14. Establishing, operating or promoting a pyramid promotional scheme where a consumer gives consideration for the
opportunity to receive compensation that is derived primarily from the introduction of other consumers into the
scheme rather than from the sale or consumption of products.


I would think "primarily from" means over 50 %

Now why don't you do a little research with respect to the US situation. You already have been give a good place to start and Im sure you can from there find the Primary federal or state Law on it. Your own state may have additional laws we here don't know about here on RS and we would welcome that contribution from you.

[littleroundman]

Now why don't you do a little research with respect to the US situation. You already have been give a good place to start and Im sure you can from there find the Primary federal or state Law on it. Your own state may have additional laws we here don't know about here on RS and we would welcome that contribution from you.

The state by state US situation with regard to pyramid scheme laws is covered here on REALSCAM.com (http://www.realscam.com) in this thread http://www.realscam.com/f42/cash-gifting-law-u-s-state-state-2052/ (http://www.realscam.com/f42/cash-gifting-law-u-s-state-state-2052/)

(cash gifting schemes are considered to be pyramid schemes in the USA, so the same laws apply)

[Beacon]

Thanks for that but it seems others are doing the research for him
Here is the Irish Law
Consumer Protection Act 2007, Section 64 (http://www.irishstatutebook.ie/2007/en/act/pub/0019/sec0064.html#sec64)


64.— (1) In this Part, “ pyramid promotional scheme ” means a scheme by which a person gives consideration in money or money’s worth, or gives a gift in money or money’s worth, for an opportunity to receive compensation derived primarily from the introduction of other persons into the scheme rather than from the supply or consumption of a product.

(2) The following apply in respect of subsection (1):

(a) the opportunity to receive compensation need not be limited to the person’s introduction of other persons into the scheme but may include their introduction by other persons;

(b) the scheme may but need not involve the supply of a product.

Section 65 mentions the offences for pyramid selling

Consumer Protection Act 2007, Section 65 (http://www.irishstatutebook.ie/2007/en/act/pub/0019/sec0065.html#sec65)

" primarily from" could be construed to be "over 50%"

Section 79 goes into detail about penalties for various offences fines but Pyramid Selling 65(2) is excluded from the six months, twelve month, eighteen and twenty four month sentences and 50,000 and 60,000 max fine.

But section 79 goes on to enumerate a special case for Pyramid Selling in 79(6)


(6) A person guilty of an offence under section 65 (2) is liable on conviction on indictment to a fine not exceeding €150,000 or imprisonment for a term not exceeding 5 years or both.


Which is a max fine and max sentence.

Now considering manslaughter might solicit a six year sentence there and with off time then this is a fairly hefty sentence.

[NikSam]

Fiendish, something tells me that only now you are doing the REAL due diligence.
And by coming here you already had suspicions, sadly most people only come here
when it is late - money are gone.
I heard a lot of people saying "why i did not find this place first".
Well, just a simple google search for "[SUPER DUPER OPPORTUNITY] SCAM" would popup this place,
But people always getting blinded by greed and suspend their logical reasoning.
Hearing what the opposition / naysayers / critics say is the most important part of any DUE DILIGENCE.

[ribshaw]

Bitcoin is not a scam. I know this, you might know this? The technology behind bitcoin, including the blockchain, is incredible. Revolutionary. Astounding. Magnificent. One of a kind and a major game changer.

Wanted to get back to you sooner with a few other thoughts, but "Say Yes to the Dress" was filling the DVR and the girlfriend told me "watch em or lose em" so what could I do? Some of this also looks like you answered, but I wanted put another thought wayyyyyyyyyyyy at the bottom.

Here is the thing about Bitcoin in my opinion. The things most of us hate about government and organized exchanges are the very things Bitcoin needs to be mainstream. If I want to save a down payment on a house with 0 risk of loss I can put my money in the bank. If I conduct a future or option transaction I have 0 counterparty risk.

Compare that with what happened at Mt. Gox. We had 100s of years of history similar to "Bitcoin", complete with bank runs and unhonored futures and option contracts. In many senses, the technology aside it is a step back in time. I may use Bitcoin to buy a sandwich and some fries, but would never put any real money at risk in what could only be considered the wild west.





Right now, there is only one true way to make a decent amount of bitcoin, and it is through referral upgrades. These upgrades pay out. (I have been paid). That means that if a free member were to be able to acquire enough sign-ups, and have them all upgrade to co-founder accounts (before it's too late), they would be able to acquire enough BTC to upgrade their own account. (Time is ticking though -- it is probably best to upgrade immediately).

There are several things you should concern yourself with, some of this was covered by others. Never minding the whole scam thing for a second, the way this is structured you are very likely soliciting an "investment" without a license. So even if this was 110% legit, best guess you are breaking the law.

For reference see Nik post 467 here, the whole thread is pants splitting funny.
http://www.realscam.com/f11/donald-alan-kernan-jr-dreamertopia-challenges-realscam-2771/index19.html#post71265


The test of whether there is an "investment contract" under the Securities Act is whether the scheme involves an investment of money in a common enterprise with profits to come solely from the efforts of others; and, if that test be satisfied, it is immaterial whether the enterprise is speculative or nonspeculative, or whether there is a sale of property with or without intrinsic value.

SEC v. Howey Co. - 328 U.S. 293 (1946) :: Justia US Supreme Court Center (http://supreme.justia.com/cases/federal/us/328/293/case.html)

What is a Pyramid Scheme and What is Legitimate Marketing?(Pretend time over on the scam aspect).

Pyramid schemes now come in so many forms that they may be difficult to recognize immediately. However, they all share one overriding characteristic. They promise consumers or investors large profits based primarily on recruiting others to join their program, not based on profits from any real investment or real sale of goods to the public. Some schemes may purport to sell a product, but they often simply use the product to hide their pyramid structure

Pyramid Schemes | Federal Trade Commission (http://www.ftc.gov/public-statements/1998/05/pyramid-schemes)



Before I go further, let me explain the 4 websites, bitbillions.com, bitfued.com, iwantacar.com, and mybitcoinrewards.com.

The pools at iwantacar have never met the 25k/50k/100k marks yet, so UNTIL that happens, you cannot call iwantacar a scam.

THE CATCH TO IWANTACAR:

Post 9 in this thread has a description of what BitBillions was supposed to be, none of this is that. Including the illusion of earning $23,344.01 per month for every MILLION in revenue. Never minding the full founders would be earning income well excess of revenue, let's call get rich quick bullshit. To boot, very few businesses toss off 28% net income.

The catch with I Want a Car is they don't have money to buy the car. Bunch of F'ing pikers. Here is how it works, they collect $150,000 and buy a $100,000 car which someone "wins". The rest of the money goes where? How is that "retail"? Is that not an illegal sweepstakes?

Dunno, but all those "businesses" seem like silly crap every other endless recruiting scheme runs.


Scams don't pay!!!!!

Unfortunately many scams pay, some for many years. All they do is pay people with money from new investors (Ponzi Scheme) and/or convince people to "reinvest" their winnings. Think extra founders positions. If you bring in $100, paying you a $10 commission only makes sense, it is also the reason there are so many "internet marketing gurus"

The trouble arises the day they stop paying, they won't blow a whistle, the money just vanishes.



If bitbillions is promising this ground breaking revolutionary product, and the product has not been made public yet, then again you can't call bitbillions a scam.

So of gbbg has something really special then why would anyone expect them to spill the beans before they are able to protect and lock down their product?

When was the last time something groundbreaking, world changing, or neato mosquito everZ in the history of everZ came out this way?


==================================================

Other than folks losing money they can't afford to lose, no $100 doesn't qualify, the risk/reward in these money games is asymmetric in the highest sense.

Let's make you a hypothetical Ponzi Pimp AKA "Zealand Kicker".

You have spent your real career, 20+ years earning a pension and benefits in employ of the military.

You finally hit the BIG DIRTY for $1,000,000, but it turns out it was a scam. WHAT THEN???

Any gains you made can be clawed back, even if you had no knowledge you were participating in a scam.

Ponzi Scheme Victims May Owe Triple Damages For Usury In Clawback Lawsuits - A New Tool In Ponzi Scheme Litigation? - Forbes (http://www.forbes.com/sites/jordanmaglich/2012/10/23/ponzi-scheme-victims-may-owe-triple-damages-for-usury-in-clawback-lawsuits-a-new-tool-in-ponzi-scheme-litigation/)

You could still end up in court. Donnan, quite naturally, claimed he and his family were duped by Crabtree and were big losers in the almost $23MM that was bilked from the investors.

Jim Donnan: NOT GUILTY On All 41 Counts In Federal Ponzi Scheme Trial - Gobbler Country (http://www.gobblercountry.com/2014/5/16/5724046/virginia-tech-football-jim-donnan-ponzi-scheme-trial-beamer-not-called-to-testify)

Even Prison...

UPDATE: Nicholas Cox, Figure In North Carolina Fraud Scheme Operating Near Ground Zero For Zeek Rewards, Sentenced To Federal Prison (http://patrickpretty.com/2013/02/21/update-nicholas-cox-figure-in-north-carolina-fraud-scheme-operating-near-ground-zero-for-zeek-rewards-sentenced-to-federal-prison/)

Could someone who ends up in the pokey get a dishonorable discharge and lose all accrued benefits? How about other assets being encumbered to pay back the ill gotten gains?

All in all seems deals like this carry nothing but risk and little to no reward unless you are at the top, and a ghost like Roman Novak.

[aussie_striker]

David ran away to Ukraine. to his buddies , a known HYIP ring.
It might get dangerous being an american in east Ukraine now, maybe he needs a new country :)

I'd like to know who this known HYIP ring are. I have it on good authority that several of the people that are making the strongest comments against GBBG are known scammers themselves. I was contacted from someone on skype about this fact. They gave me a couple of REAL names of apparently well known scammers (although I didn't recognize them) stating that those people were in fact members on here going against GBBG.

[aussie_striker]

Only because I am a bit childish, and Aussie Mopper has had a long time relationship with David Ruebush. There were several exchanges that took place over a year ago on this thread where it was suspected Rebush was behind this whole ruse. Aussie was having none of that, I leave it to the reader to draw their own conclusions.

I have known David Ruebush for a long time through association with Tagvillage, yes that is true.
I was asked if I was interested in joining GBBG in a formal capacity in December. That is true.
So do not be surprised that I am now on the website, you make a big deal about that fact saying I have been 'the one' all along yet it was only in December that I became a bigger part of things. Partially due to the work I have done helping GBBG.

[NikSam]

I'd like to know who this known HYIP ring are. I have it on good authority that several of the people that are making the strongest comments against GBBG are known scammers themselves. I was contacted from someone on skype about this fact. They gave me a couple of REAL names of apparently well known scammers (although I didn't recognize them) stating that those people were in fact members on here going against GBBG.

Cool, lets trade the scammers names, you tell me yours , I will tell you Ruebush's Kharkov buddies :)
if yours are worth it :)
or maybe you can just ask him yourself

[NikSam]

... you make a big deal about that fact saying I have been 'the one' all along yet it was only in December that I became a bigger part of things. Partially due to the work I have done helping GBBG.

Aussie, it does not matter, your name is all over it, with some luck you will do the time too :)
do you think someone would care if you actually were running this scam, or were the main shill who is responsible for people's losses?

PS: you should warn Ruebesh, that there are cultural differences and he should know what cheated victims might do ponzi admins in Ukraine.

[aussie_striker]

Aussie, it does not matter, your name is all over it, with some luck you will do the time too :)
do you think someone would care if you actually were running this scam, or were the main shill who is responsible for people's losses?

PS: you should warn Ruebesh, that there are cultural differences and he should know what cheated victims might do ponzi admins in Ukraine.
If it was a scam then maybe I would be worried. As it is I have no worries at all in that regard because it is not a scam.

[NikSam]

If it was a scam then maybe I would be worried. As it is I have no worries at all in that regard because it is not a scam.

It also does not matter how you see it.
For example, to me this crap looks like a Virtual Reality:

1. You are using bitcoins - not real money
2. You are running an anarho–investment-company (not legal to offer/sell any investments) - not real company
3. You are promising non-existent products/services - not real
4. You are offering virtual (not possible) profits - not real
5. You will let people to withdraw back to bitcoins - go to #1

The problem is how the virtual end-players (investors) and authorities will feel about all of this :) not me

http://investor.gov/news-alerts/investor-alerts/investor-alert-bitcoin-other-virtual-currency-related-investments

[aussie_striker]

It also does not matter how you see it.
For example, to me this crap looks like a Virtual Reality:

1. You are using bitcoins - not real money
2. You are running an anarho–investment-company (not legal to offer/sell any investments) - not real company
3. You are promising non-existent products/services - not real
4. You are offering virtual (not possible) profits - not real
5. You will let people to withdraw back to bitcoins - go to #1

The problem is how the virtual end-players (investors) and authorities will feel about all of this :) not me

Investor Alert: Bitcoin and Other Virtual Currency-Related Investments | Investor.gov (http://investor.gov/news-alerts/investor-alerts/investor-alert-bitcoin-other-virtual-currency-related-investments)

1. Yes it is a bitcoin based business.
2. There is no selling of investments, why do you think there is?
3. What non existant product are you referring to?
4. I guess you could tell all the tens of thousands, possibly hundreds of thousands of people that own bitcoin that it is worthless. Currently each bitcoin is worth $488 USD. But I guess USD is not real money to you.
5. Actually nobody withdraws. Their commissions are sent straight to their bitcoin wallets on the 15th of the month. They need to get bitcoin wallets from companies that provide that.

[Beacon]

4. I guess you could tell all the tens of thousands, possibly hundreds of thousands of people that own bitcoin that it is worthless. Currently each bitcoin is worth $488 USD. But I guess USD is not real money to you.
5. Actually nobody withdraws. Their commissions are sent straight to their bitcoin wallets on the 15th of the month. They need to get bitcoin wallets from companies that provide that.

How can anything be worth $488 if you can't actually get $488 for it immediately by cashing it in?

[Whip]

How can anything be worth $488 if you can't actually get $488 for it immediately by cashing it in?

that's been my point all along.

[ribshaw]

I have known David Ruebush for a long time through association with Tagvillage, yes that is true.
I was asked if I was interested in joining GBBG in a formal capacity in December. That is true.
So do not be surprised that I am now on the website, you make a big deal about that fact saying I have been 'the one' all along yet it was only in December that I became a bigger part of things. Partially due to the work I have done helping GBBG.

Aussie you were one of the first people promoting this crap EARLY 2013, NOT DECEMBER. To my knowledge you have been the most prolific person promoting Bitbillions and defending Tagvillage. YET when BB was launched we were to believe it was some anonymous group of people who have been working on some mysterious technology for 10 years. When asked about Ruebush's involvement, from you we get "oh he may know a few people". BULLSHIT, he runs the thing and for all we know he is the ONLY person of this mysterious group.

Here is what I suspect happened:

Ruebush "Aussie I am getting ready to launch another scam, do you want to carry my man purse on this one too?"

Aussie "Sure thing daddy, let's run the same game we did with Tag Village, I will keep your name out of it."

People can decide from these pages if you are telling porkies or if it is all just a big misunderstanding.



I have it on good authority that several of the people that are making the strongest comments against GBBG are known scammers themselves. I was contacted from someone on skype about this fact. They gave me a couple of REAL names of apparently well known scammers (although I didn't recognize them) stating that those people were in fact members on here going against GBBG.

You caught me!!! My master plan all along!!!

Writing about the dangers of sending money to people you don't know, in situations you can't independently verify, is all a big ruse to promote my own HYIP. In fact, my whole blog about romance scams http://www.realscam.com/f44/sweetheart-scammer-did-really-hot-person-pick-me-above-all-others-2300/ telling people not to send/accept money or goods from people they meet online is also a massive ruse to get people into my latest Vitamin MLM.

[littleroundman]

I have it on good authority that several of the people that are making the strongest comments against GBBG are known scammers themselves. I was contacted from someone on skype about this fact. They gave me a couple of REAL names of apparently well known scammers (although I didn't recognize them) stating that those people were in fact members on here going against GBBG.

This should be interesting.

[Whip]

I have it on good authority that several of the people that are making the strongest comments against GBBG are known scammers themselves. I was contacted from someone on skype about this fact. They gave me a couple of REAL names of apparently well known scammers (although I didn't recognize them) stating that those people were in fact members on here going against GBBG.

that ole gag. you scammers need a new schtick.

[ribshaw]

This should be interesting.

Not just one or two, but SEVERAL. Between you and me, I suspect the sole reason SBM keeps this site free from advertising is so readers have more money left over :RpS_wink: for you know what.

On a serious note, I would fully expect ANY place where money is discussed predators will lurk pretending to be good guys. This is nothing new which is why IMO you don't give people your money to invest unless you fully expect to lose it, and that loss won't kill your lifestyle. DAMN I sure hope that won't hurt my sales.

[Kleinzeit]

Ruebush "Aussie I am getting ready to launch another scam, do you want to carry my man purse on this one too?"

Aussie "Sure thing daddy, let's run the same game we did with Tag Village, I will keep your name out of it."

Bwahaha! Cigar to Ribshaw.

[Fiendish]

How can anything be worth $488 if you can't actually get $488 for it immediately by cashing it in?

I'm confused... are you serious? How can my car be worth $10,000? How is my internet worth $30 a month?

Being against GBBG and seeing no value in GBBG is one thing, but to see no value in bitcoin? I don't need to cash in 1 BTC for cash. I can just use that 1 BTC to buy stuff. There is no need to convert BTC into cash.....

[EagleOne]

aussie_striker: In regard to a few of your comments, I have some questions for you. You said, and I quote:

"I was asked if I was interested in joining GBBG in a formal capacity in December"

In what capacity and did you accept? You also said, and again I quote:

"I have it on good authority that several of the people that are making the strongest comments against GBBG are known scammers themselves. I was contacted from someone on skype about this fact. They gave me a couple of REAL names of apparently well known scammers (although I didn't recognize them) stating that those people were in fact members on here going against GBBG."

How do you know it was a "good authority?" Did this "good authority" provide you irrefutable facts, or was it just their claims they were true? Have you been able to substantiate their claims or if they provided facts prove their facts were indeed factual? Of did you just accept their claims as true with no research to confirm the claims?

[NikSam]

... but to see no value in bitcoin? I don't need to cash in 1 BTC for cash. I can just use that 1 BTC to buy stuff. There is no need to convert BTC into cash.....

For me a bitcoin, has no value, same as baseball cards which could be valued in millions by someone.
You also would not see any value, let see, in some rare rose seeds, or highly optimized programming function for square root calculations, but others do.

Good luck on that, keeping bitcoins instead of banks backed currencies.
Why wait? make sure you have not a single dollar left, buy bitcoins on all you ve got :)

Every step you will make, everywhere you would go with your bitcoins, you always gonna be dealing primary with criminals, and with you inability to recognize scams you will lose your bitcoin fortune.

[littleroundman]

How do you know it was a "good authority?" Did this "good authority" provide you irrefutable facts, or was it just their claims they were true? Have you been able to substantiate their claims or if they provided facts prove their facts were indeed factual? Of did you just accept their claims as true with no research to confirm the claims?

It will be interesting to see which of the stories currently doing the rounds aussie returns and quotes:

* I am running several HYIPs

* I have run several HYIPs in the past

* I am ozilinx aka KB aka koala Bear aka TheExtortionBuster aka too many identities to remember

* Okosh is ozilinx aka KB aka koala Bear aka TheExtortionBuster aka too many identities to remember

* Okosh and I take turns at being ozilinx aka KB aka koala Bear aka TheExtortionBuster aka too many identities to remember

* I am Okosh

* Okosh and I have run / admined several HYIPs together

* Okosh has run several HYIPs

* I have multiple aliases, allowing me to simultaneously post here AND run HYIPs

* I use REALSCAM.com (www.realscam.com) to eliminate competitors

* Okosh and I conspire together in multiple "projects" including discrediting those who know our "secret"

* I have approached female members of the forum via PM

* Female members of REALSCAM.com (www.realscam.com) have complained to the admins about my PMs

* The forum administration are aware of the allegations and have chosen to ignore them.

[Fiendish]

Everywhere I go with my bitcoin I'll be dealing primarily with criminals ... So I guess overstock.com are criminals cause I can spend btc there

What you meant to say is that wherever there is money, or money to be made, there are criminals.

If a criminal decides to run a fleet of illegal taxi's (Johnny cabs) does that mean there's no value in taxi because criminals are involved?

I never once said I'm converting my dollars to bitcoin. That would be risky. Ever heard of never put your eggs in 1 basket? The fact that you are sarcastically suggesting that is wrong in itself.

Besides, it would be impossible for me to do that because I work and I need most of my cash to pay bills.

However, when I do pay bills, I prefer to pay in cash. Why? Because electronic transfers have fees. High ones at that, unnecessarily lining someone's pockets.

Whip, I'm really trying to ignore your comment about me being a scammer. Simply because I'm not and I refuse to acknowledge it, but it's bothering me slightly. Clearly this is a touchy subject, especially for you, but I will bet you any amount of money that I care more about people than you do. All people. Even you! :) <3

If I didn't value your guys' opinions, I wouldn't keep coming back. So I'm asking you again please tone it down. You've all made your points and I can see how my approach stirred the pot enough to make some **** hit the fan and I can easily admit that.

The value of banks currencies are backed by what? Nothing.

Do I want/expect bitcoin to replace currencies? No but I see the potential. On a global scale it's great. This is everyone's planet. If we had 1 currency this world would be a better place to live on. I somewhat believe in 1 govt too. Third world countries wouldn't be third world countries they would be just as prosperous as any other major country.

If I made even a percentage of what these bankers make on transaction fees, there wouldn't be a single homeless or hungry person on this planet.

Also, if I had the inability to detect scams id be telling you mybitcoinjob.com and Leancy are super legit.

Unfortunately nobody is perfect.

Well, some of you seem to be.

[littleroundman]

The value of banks currencies are backed by what? Nothing.

Hmmnn,

I wonder if there's more chance of the US government reneging on the value of its' currency or those behind Bitcoin doing so.

[littleroundman]

Another one - Bitcoin bank Flexcoin shuts after theft (http://www.realscam.com/f45/another-one-bitcoin-bank-flexcoin-shuts-after-theft-3008/)

Japan to set bitcoin rules, stop banks and brokerages from handling (http://www.realscam.com/f45/japan-set-bitcoin-rules-stop-banks-brokerages-handling-3009/)

Bitcoin exchange files US bankruptcy (http://www.realscam.com/f45/bitcoin-exchange-files-us-bankruptcy-3026/)

Third cryptocurrency exchange becomes hacking victim, loses Bitcoi (http://www.realscam.com/f45/third-cryptocurrency-exchange-becomes-hacking-victim-loses-bitcoin-3041/)n

Major bitcoin exchange said to be insolvent (http://www.realscam.com/f45/major-bitcoin-exchange-said-insolvent-2989/)

National Australia Bank severs ties with Bitcoin vendors (http://www.realscam.com/f45/national-australia-bank-severs-ties-bitcoin-vendors-3122/)


It's funny, I can't find any recent stories about FDIC insured banks going belly up in the USA and depositors losing their entire accounts.

Great concept,

the execution leaves a lot to be desired, though.

[littleroundman]

Using Bitcoin to invest in BitBillions ??

Now you have two problems.

1) BitBillions is a HYIP ponzi fraud being run and promoted by known fraudsters with a history.

2) Bitcoin is an unregulated, uninsured, non mainstream currency giving you no possible comeback in the event of something going amiss (and, you'd better know, when you're dealing with the HYIP industry, something IS going to go amiss)

[path2prosperity]

Not just one or two, but SEVERAL.

On a serious note, I would fully expect ANY place where money is discussed predators will lurk pretending to be good guys.

There are plenty of them and even more who spout righteous indignation when they claim to have been misnamed as scamming scum over here. Fake DrBob and Kathleen VanBeekom for starters.

[aussie_striker]

that's been my point all along.

There is places you can sell bitcoins for 'real money. If you were to check things out you would already know that.
Here are a few of them
https://www.bitstamp.net/help/how-to-sell/
https://localbitcoins.com/
http://coinbase.com (USA can get $ straight to bank account)
https://www.btradeaustralia.com/

[aussie_striker]

aussie_striker: In regard to a few of your comments, I have some questions for you. You said, and I quote:

"I was asked if I was interested in joining GBBG in a formal capacity in December"

In what capacity and did you accept? You also said, and again I quote:

"I have it on good authority that several of the people that are making the strongest comments against GBBG are known scammers themselves. I was contacted from someone on skype about this fact. They gave me a couple of REAL names of apparently well known scammers (although I didn't recognize them) stating that those people were in fact members on here going against GBBG."

How do you know it was a "good authority?" Did this "good authority" provide you irrefutable facts, or was it just their claims they were true? Have you been able to substantiate their claims or if they provided facts prove their facts were indeed factual? Of did you just accept their claims as true with no research to confirm the claims?

I was asked if I would be interested in becoming marketing manager and yes I accepted. It is not a paid position but later could be.

The source came out of nowhere actually. I was contacted by someone that has been following this thread and they told me about several tactics/trolling type things that go on here. I do not know how good the source is but there was no need for them to contact me at all, they did that of their own accord. Their suggestion was to not bother responding on here because the members on here do exactly what you guys are doing all the time. Go hard against everything and everyone that puts forward any company and makes false accusations about the people supporting them. I was also told a name of a so called "well known HYIP scammer'. I was told that one of the people responding in this thread was that person but I was not told which one. I did not bother following it up further as I am not interested in what scams others run on here. I am not a program hopper (that doesn't mean I haven't been in several programs). I felt it was a waste of time trying to chase up information on the guys in here when they hide their real identities so it is difficult to know who they truely are. The information they told me was convincing and there was no reason or other motive for them to give me false information. They contacted me on skype specifically about this thread.

[aussie_striker]

Aussie you were one of the first people promoting this crap EARLY 2013, NOT DECEMBER. To my knowledge you have been the most prolific person promoting Bitbillions and defending Tagvillage. YET when BB was launched we were to believe it was some anonymous group of people who have been working on some mysterious technology for 10 years. When asked about Ruebush's involvement, from you we get "oh he may know a few people". BULLSHIT, he runs the thing and for all we know he is the ONLY person of this mysterious group.

Yes I was one of the first people promoting GBBG back in March. As I clearly stated, I was asked if I wanted to join in a more official capacity in December. I have built up a large group and have supported GBBG from the start and that is a big reason for me being invited to the position.

As for the other parts you are talking about. I posted information as I knew it to be at the time. The site has evolved over that time and is definitely a lot different now compared to when it first launched. Personally I think they made a bad marketing ploy when they launched with all the secrecy and anonymity that was on the original site. It was because they wanted to attract the bitcoin enthusiasts with the belief that that was the sort of thing they were interested in.

David Ruebush, according to the site, is the CEO now. I do not know if that was the case originally though as a lot has changed. I do not recall any mysterious technology ever being mentioned.

[Fiendish]

When the US was being newly established (along with the US Dollar) soon came the great depression. A lot of people lost their money due to banks going belly up.

The banks that have gone belly up in the last 20 years (let's go way back: barnett bank) didn't go belly up due to criminal activity like Magic The Gathering Trading Company.... I mean Mt.Gox (Would have never trusted them to begin with) but they still went belly up.

Recently, if you can remember the news (by recent i mean the whole corporate bailout scheme, scam) Many banks were bailed out in order to keep them from going belly up. That's probably why we never heard about it ;) because someone saved their asses, and then the ass-saving was followed by vacations for all the CEO's and top dogs.

bitcoin is still in its infant stage. Very premature, and it is very fair for anyone to be against it. It is very easy to find all the negative articles about bitcoin. It is also very easy to find all the good articles as well. I think that if the good news does not outweigh the bad news, they are pretty equal.

There is an internal war going on within the bitcoin world and it's basically the honest believers vs. the criminals.

With the public ledger known as the block chain, eventually it will be hard for the black market to even utilize bitcoin for their transactions. Just look at how quickly silk road went down. So if the black market wins .... well eventually they'll lose. The black market can't operate properly without the... honest market? No matter what currency or means of payment they use.

If the percentage of legitimate nodes is remotely equal to or higher than that of illegitimate nodes, a simple press of the power button will disrupt the entire bitcoin system in a way where the black market will most likely lose immediately.

Same goes with the US Dollar. There are millions, if not billions of dollars in the black market trade. If the US government suddenly banned the US Dollar, and everyone stopped using it, the black market would in turn stop using it and move on to another currency, or whatever currency the US switches to, because such an action would bring the price of the dollar to zero. If you can't spend it anywhere legitimately, then having it is useless unless you plan on selling illegals to ... buy illegals? Big money there. ;)

I also want to add that if every person who has US dollars in a bank were to try and withdraw their money to have the physical cash, there wouldn't be enough to go around. That means that a large portion of US Dollars are in... digital form. The very thing you're against. Banks create money out of thin air...literally. You are exchanging digits for digits, and only when you go to an ATM do you actually have "Cash".

Every dollar printed is printed with interest. That means that $1 has a debt tied to it equal to more than $1. How the @#$% do you pay that back? You can't. You have to in turn create more debt and taxes. They have the power to add or remove as much or as little currency as they want, whether physical or not.

[littleroundman]

Finished now ???

* What does any of that have to do with the subject of this thread - Bit Billions ??

* What does what happened in the Great Depression have to do with Bitcoin TODAY ??

* The FDIC was formed in 1933 to prevent bank collapses and the subsequent loss of depositor funds. Does Bitcoin have such a mechanism ??

* Silk Road #2 was formed within weeks of the demise of Bitcoin #1. We are talking about a criminal HYIP ponzi fraud which uses Bitcoin in Bit Billions.
Please don't insult our intelligence by claiming one of the main attractions of Bitcoin to the Dark Net isn't its' unregulated nature.

http://www.realscam.com/images/misc/realscam-logo1.gif

Is it, or isn't it ? YOU decide - is all we ask readers to do.

You have obviously decided.

End of.

[Fiendish]

... Oh I get it. You guys are just here to let people decide on their own. STFU and read what we, the mods (or Gods of the internet) have to say and decide for yourself. No need to talk about it or discuss it because what we say is law. And if you question our decisions, then we will consider you a scammer and troll 90% of what you have to say with random ridiculous scenarios filled with sarcasm until you give up because we are right. We will most likely avoid any points you try to make and if you just so happen to make any sort of meaningful post we will accuse you of questioning our intelligence, decide for you that you've already decided, tell you to basically stfu and put an immediate end to the discussion.

Why the hell have a forum then? Just put up your info and call it a day. Why talk about it if nobody is allowed to provide a rebuttal without getting **** on by a bunch of trolls on the internet. Yes most of you are trolls. Whatever your intentions are, many of you come off as nasty individuals.

It has nothing to do with my inability to tolerate. It has everything to do with your inability to communicate. "But we've seen this time and time again waaah". Well you signed up to do it. If you're getting that frustrated maybe it's time to hang the towel up, you're burned out. Have been reading some of the other threads... You guys treat everyone like this.

You say you care about people but you treat them all like idiots. This type of tone reminds me of the kids on the World of Warcraft trade channel mixed with "we're all cops you can't talk, we do the taking. And we like rifles"

I would never, ever in my life recommend this site to anyone for insight on scams or anything. There are much better sources with the same information and not full of such nasty people.

I'm done here. Whether gbbg is a scam or not, you guys are terrible. Thanks for the info, but your attitudes are all absolute crap. This site needs a fresh, new team. You all sound like bitter old men.

End of!!!!!##!@!!!1!one!!@!!#
[discussion].

[littleroundman]

CYA,

enjoy.

[EagleOne]

Fiendish: In your very first post, you said, and I quote:

"I will be posting again to explain to you why you or anyone cannot call GBBG/Bitbillions a scam."

This is what you said you were going to do. And after all your posts you have not once explained how we cannot call GBBG/Bitbillions a scam. Not one. You have talked about everything but why GBBG/Bitbillions is not a scam. You have taken every point that has been made and turned it into a personal attack against you when they were clearly not. You have not once come back with any facts to dispute any comment made about GBBG/Bitbillions by any of us. Not once. I guess if you kept posting you would have covered the history of the world since you would rather talk about anything other than how GBBG/Bitbillions is not a scam or how we can't call it a scam. You see the argument early on was I didn't know what I was talking about, and people were not supposed to be listening to me; to then being the sole cause of its demise just by the same comments that I didn't know what I was talking about ruined it for everyone.

We all get it that you think it is real and you don't like us saying it isn't. For more than a decade I have heard the same arguments from those who joined a program believing they were in a real program and refused to accept it was a Ponzi/scam. Then when it turned out to be, instead of being mad at the people who promoted it and the person running it, they were mad at me for exposing it. The people in GBBG have indoctrinated you well. And no that is not a personal attack even though I am sure you will believe it was.

This one is no different and it isn't going to take much longer for you to learn the lesson the hard way. There are only two ways this will end. Either the admin will run with the money or law enforcement will shut it down. The only two ways. My bet is on the admin running with the money. And yes, this is a Ponzi and I can say so.

[EagleOne]

I was asked if I would be interested in becoming marketing manager and yes I accepted. It is not a paid position but later could be.

The source came out of nowhere actually. I was contacted by someone that has been following this thread and they told me about several tactics/trolling type things that go on here. I do not know how good the source is but there was no need for them to contact me at all, they did that of their own accord. Their suggestion was to not bother responding on here because the members on here do exactly what you guys are doing all the time. Go hard against everything and everyone that puts forward any company and makes false accusations about the people supporting them. I was also told a name of a so called "well known HYIP scammer'. I was told that one of the people responding in this thread was that person but I was not told which one. I did not bother following it up further as I am not interested in what scams others run on here. I am not a program hopper (that doesn't mean I haven't been in several programs). I felt it was a waste of time trying to chase up information on the guys in here when they hide their real identities so it is difficult to know who they truely are. The information they told me was convincing and there was no reason or other motive for them to give me false information. They contacted me on skype specifically about this thread.

Thanks for answering my questions.

[laidback]

Fiendish: In your very first post, you said, and I quote:

"I will be posting again to explain to you why you or anyone cannot call GBBG/Bitbillions a scam."

This is what you said you were going to do. And after all your posts you have not once explained how we cannot call GBBG/Bitbillions a scam. Not one. You have talked about everything but why GBBG/Bitbillions is not a scam. You have taken every point that has been made and turned it into a personal attack against you when they were clearly not. You have not once come back with any facts to dispute any comment made about GBBG/Bitbillions by any of us. Not once. I guess if you kept posting you would have covered the history of the world since you would rather talk about anything other than how GBBG/Bitbillions is not a scam or how we can't call it a scam. You see the argument early on was I didn't know what I was talking about, and people were not supposed to be listening to me; to then being the sole cause of its demise just by the same comments that I didn't know what I was talking about ruined it for everyone.

We all get it that you think it is real and you don't like us saying it isn't. For more than a decade I have heard the same arguments from those who joined a program believing they were in a real program and refused to accept it was a Ponzi/scam. Then when it turned out to be, instead of being mad at the people who promoted it and the person running it, they were mad at me for exposing it. The people in GBBG have indoctrinated you well. And no that is not a personal attack even though I am sure you will believe it was.

This one is no different and it isn't going to take much longer for you to learn the lesson the hard way. There are only two ways this will end. Either the admin will run with the money or law enforcement will shut it down. The only two ways. My bet is on the admin running with the money. And yes, this is a Ponzi and I can say so.Other than having an incorrect view of US history and how the banking system works what does fiendish have going for him?

[Beacon]

I was contacted by someone that has been following this thread and they told me about several tactics/trolling type things that go on here.


Could you enumerate those "tactics"?



I do not know how good the source is but there was no need for them to contact me at all, they did that of their own accord.

So what if their contact was unsolicited? Canvassers knock on peoples doors every day with unsolicited information. If you don't know how good the source is then why did you claim you had it on good authority? Either you thought they were an authority or you would not regard them as reliable. Which is it?


Their suggestion was to not bother responding on here because the members on here do exactly what you guys are doing all the time. Go hard against everything and everyone that puts forward any company and makes false accusations about the people supporting them.


This thread is only about ONE "company"? Im sorry but did you somehow expect to come to a site that exposed scams and post a "company" foir them to praise your (already admitted by you) unreliable source?


I was also told a name of a so called "well known HYIP scammer'. I was told that one of the people responding in this thread was that person but I was not told which one.


Who is the well known scammer even if you can't say which responded that person is?


I felt it was a waste of time trying to chase up information on the guys in here when they hide their real identities


So you have no problems then with those who don't hide their identities? Which would be most of the anti scam activists.


so it is difficult to know who they truely are.


No actually it isnt most of them are quite open about their identity. who are you suggesting are not?
And why should you want to know anyway? Surely what they post is more important?


The information they told me was convincing and there was no reason or other motive for them to give me false information. They contacted me on skype specifically about this thread.

So what? And ther you go again! You swing between "good authority" and "not reliable" Which is it? and you seem to think an unsolicited contact are grounds to trust that contact? If a guy you never met before said "I know you probably did not expect this but I know about a load of scammers out there . Now give me $100 because I dont trust all those scammers expecially the ones who claim to be against scams. You know you can trust me because you didnt ask me to contact you"

[aussie_striker]

Could you enumerate those "tactics"?
The tactics of trolling every post and making people continue to come back to defend themselves to keep the forum alive.


So you have no problems then with those who don't hide their identities? Which would be most of the anti scam activists.
Why should anyone have problems with those that don't hide, which I will point out includes David Ruebush and myself, as is obvious from all the pictures and open information available from both of us.


you seem to think an unsolicited contact are grounds to trust that contact? If a guy you never met before said "I know you probably did not expect this but I know about a load of scammers out there . Now give me $100 because I dont trust all those scammers expecially the ones who claim to be against scams. You know you can trust me because you didnt ask me to contact you"
Another case of you guys twisting facts to your side of the argument. This person never promoted any company to me, did not ask for anything, did not want anything. They were just warning me about people in this thread. Unsolicited contacts normally have an ulteria motive, that was not the case.

[NikSam]

... Unsolicited contacts normally have an ulteria motive, that was not the case.

Really ??? are you sure it was not some previously busted scammer who has a grudge on someone here ? ;)


just a guy with no motive? , heh ;) or was it a girl ? ;)

and their motive is not spreading rumors or for you to do something you are exactly doing ?

I can even tell where your idiot "contacts" are hanging out, so you can read their crap and find more "dirt" on everyone here :)
and one day you can join them if you manage to stay away from jail.

[Beacon]

The tactics of trolling every post and making people continue to come back to defend themselves to keep the forum alive.

How do you define "trolling"?
Do you accept a difference between asking reasonable questions and "trolling"?
You referred to "several tactics". If trolling is one what are the others?


Why should anyone have problems with those that don't hide, which I will point out includes David Ruebush and myself, as is obvious from all the pictures and open information available from both of us.


So you admit you have no problem with thge people in this forum who have open identities?
What ones in particular who have anon identities do you have problems with?
[qupote]
Another case of you guys twisting facts to your side of the argument. This person never promoted any company to me, did not ask for anything, did not want anything. They were just warning me about people in this thread. Unsolicited contacts normally have an ulteria motive, that was not the case.[/QUOTE]

So what? The question was how do you know any unsolicited contact is a trusted source? You already admitted you dont know the contact so how do you know you can rely on them? Your sole claim to reliability is that they were unsolicited. So what ? How does that make them reliable?

[aussie_striker]

How do you define "trolling"?
Do you accept a difference between asking reasonable questions and "trolling"?
You referred to "several tactics". If trolling is one what are the others?


So you admit you have no problem with thge people in this forum who have open identities?
What ones in particular who have anon identities do you have problems with?
[qupote]
Another case of you guys twisting facts to your side of the argument. This person never promoted any company to me, did not ask for anything, did not want anything. They were just warning me about people in this thread. Unsolicited contacts normally have an ulteria motive, that was not the case.

So what? The question was how do you know any unsolicited contact is a trusted source? You already admitted you dont know the contact so how do you know you can rely on them? Your sole claim to reliability is that they were unsolicited. So what ? How does that make them reliable?[/QUOTE]

See your answers here are exactly what I mean. I could easily just turn the same sorts of answers back to you. How does anyone here know that you are trustworthy...simple answer, they don't. Does that make you automatically untrustworthy? That is the type of response that everything here is getting. Information is put out and straight away it is dismissed as being fake with no evidence to prove it. How can I prove that there is not a dinosaur living in Loch Ness...I can't. That doesn't mean there is or isn't one there.
Other tactics apart from trolling, well personal attacks, twisting meanings, reporting fake information, baiting people...etc.

[littleroundman]

Oh, and pointing out aussie_strikers' history of promoting HYIP ponzi frauds on HYIP ponzi forums, don't forget those "tactics"

But, this time is different, isn't it David - just like all the other times were different.

[NikSam]

NEWMAN !!!!



https://www.youtube.com/watch?v=GWKscZhkkx0

[Beacon]

The tactics of trolling every post and making people continue to come back to defend themselves to keep the forum alive.


Yes as I stated could you enumerate them? Asking a question isnt trolling. i asked you to
1. show examples of the so called tactics - asking a question not being one of them and
2. Show how these tactics are "trolling"

You are aware that not being able to defend or support an argument you made does not by definition mean the person asking you for supporting evidence must automatically be a troll. If you are simply defining all failures to defend your own position as being trolled then Im sorry but that flies in the face of logic.



Why should anyone have problems with those that don't hide,


So you admit you have no problem with any people here who have a clearly identifiable identity? So what about those points made to you by those people?


which I will point out includes David Ruebush and myself,


No It doesnt included you! You are going under the handle "aussie striker" which isnt openly declaring your real name and location.


as is obvious from all the pictures and open information available from both of us.


Plenty of others here have made information and pictures available with respect to frauds but some dont chose to do it on this forum and do it elsewhere.

But that is a side issue. How can you show evidence of "trolling" rather than just being asked questions you cant answer without showing your position to be undermined?


Another case of you guys twisting facts to your side of the argument. This person never promoted any company to me, did not ask for anything, did not want anything. They were just warning me about people in this thread.


qand you are inferring as a unsolicited contact they are more reliable or trustworthy. How so?


Unsolicited contacts normally have an ulteria motive, that was not the case.

Really? How do you know?
also yu are now contradicting yourself! Earlier you asserted unsolicited contacts are to be trusted but now you claim they usually are not trustworthy because of ulteriour motives. which is it?

[Beacon]

So what? The question was how do you know any unsolicited contact is a trusted source? You already admitted you dont know the contact so how do you know you can rely on them? Your sole claim to reliability is that they were unsolicited. So what ? How does that make them reliable?


See your answers here are exactly what I mean. I could easily just turn the same sorts of answers back to you.


No actually you couldn't! It would be fallacious. See Im not the one claiming that a source is more trustworthy because it is unsolicited.
It is for the person making the claim to provide the supporting evidence. Look up i"shifting the burden" and "proving a negative" . You will find them under "logical fallacy"



How does anyone here know that you are trustworthy...


they dont have to ! Im not making any claims! When I do I support them with evidence. If there is any FACT or unsupported claim I made (ANYWHERE not just in this discussion) please feel free to point it out to me and I will withdraw it or support it. Can you point top any?

Also I stand by my record in this forum. Of the 750 posts I have made can you point out a single unsupported point that was not listed as an opinion?


simple answer, they don't.


Actually they do! If you claim I cant be trusted then show where in 750 posts I made any untrue or unsupported claim.


Does that make you automatically untrustworthy?


Again your logic is backwards. YOUR CLAIM was unsolicited contacts were trustworthy and not that they were untrustworthy!


That is the type of response that everything here is getting. Information is put out and straight away it is dismissed as being fake with no evidence to prove it.


WHAT information! If you mean "unsupported supposition with a claim that unsolicited contacts validate it as reliable " then Im sorry but you fail to convince any reasonable person.


How can I prove that there is not a dinosaur living in Loch Ness...I can't.


Correct. which is why I asked you to look up "proving a negative"



That doesn't mean there is or isn't one there.

correct! So how does that help anyone who is claiming ther is a loch ness monster?



Other tactics apart from trolling,


But you STILL havent given a definition or any evidence of "trolling" have you?


well personal attacks,

Look up "ad hominem". I havent indulged in any and I challenge you to produce anywhere where you claim I have!


twisting meanings,


Which meanings do you assert have been twisted? Examples please? Woul;d these examples maybe be with the loch ness monster?


reporting fake information,


Again any examples????


baiting people


What do you mean by this and any examples?


...etc.

again any examples? Etc. is just an empty acronym given you lack of support for all your claims above and your reliance on specious reasoning.

[Beacon]

Correction
etc. is an abbreviation of "etcetra" not an acronym. However your use of it is a non sequitor and if used correctly it would allude to additional fallacious examples, specious reasoning and unsupported argument.

[Whip]

How can you show evidence of "trolling"

C'mon Beacon.....he does every time he makes a post here. It's the classic troll pattern of calling everyone else a 'troll' on their own board.

[aussie_striker]

C'mon Beacon.....he does every time he makes a post here. It's the classic troll pattern of calling everyone else a 'troll' on their own board.

You guys are just a bad joke. You have made this forum as untrustworthy as any scam you talk about.

[Beacon]

C'mon Beacon.....he does every time he makes a post here. It's the classic troll pattern of calling everyone else a 'troll' on their own board.

sowing discord on the Internet by starting arguments or upsetting people,


[1] by posting inflammatory
[2] extraneous, or off-topic messages in an online community (such as a forum, chat room, or blog) with the deliberate intent of provoking readers into an emotional response
[3] or of otherwise disrupting normal on-topic discussion

My posts were not inflammatory, were on topic and dealt with the issue at hand and not disruptive of it.

If anyone can show where I was trolling Im happy to withdraw the remark

[Beacon]

You guys are just a bad joke. You have made this forum as untrustworthy as any scam you talk about.

Well again in addition to Ad hominem ( when you are losing in sports do you always resort to attacking the other player rather than playing the ball) this is unsupported opinion. Could you perhaps supply ANY evidence of how ANY claims on ANY scams are untrustworthy?

I don't suppose you will. Just think if you do then the forum will have to admit "you have a point there". so of the hundreds or possibly thousands of scams mentioned WHERE is there a regular realscam contributor making a series of wholly unsupported untrustworthy contributions?

[littleroundman]

You guys are just a bad joke. You have made this forum as untrustworthy as any scam you talk about.

Forgive us if no one takes you seriously, aussie_striker, but being branded "a bad joke" and "untrustworthy" by a notorious serial HYIP ponzi pimp is hardly gonna break anyones' heart.

[Whip]

Well again in addition to Ad hominem ( when you are losing in sports do you always resort to attacking the other player rather than playing the ball) this is unsupported opinion. Could you perhaps supply ANY evidence of how ANY claims on ANY scams are untrustworthy?

I don't suppose you will. Just think if you do then the forum will have to admit "you have a point there". so of the hundreds or possibly thousands of scams mentioned WHERE is there a regular realscam contributor making a series of wholly unsupported untrustworthy contributions?

He hasn't been able to do it for 16 pages. You don't think he can start now do you? lmao.

[EagleOne]

It is interesting that aussie_striker could tell that JBP was a Ponzi immediately, but can't see that this is a Ponzi. Being close friends with the perp of this Ponzi clouds one's vision obviously.

[Beacon]

He hasn't been able to do it for 16 pages. You don't think he can start now do you? lmao.

No one is beyond redemption. :)

[aussie_striker]

It is interesting that aussie_striker could tell that JBP was a Ponzi immediately, but can't see that this is a Ponzi. Being close friends with the perp of this Ponzi clouds one's vision obviously.

There is a huge difference between the two.

JBP
- Paid members (or at least credited to their online account) a certain % per day based on what...nothing. Basically giving money that never existed.
- Only revenue was members ad packs
- Could not pay members because they never had the money to account for what was owed to members.

GBBG Bitbillions
- Pay commissions that is based on reenue
- Revenue currently comes from premium membership upgrades, GBBG-Ware profits, POW commission earnings and premium advertising on the site (outside revenue). Later it will also come from revenues created from other projects that are in development.
- Have enough bitcoin to pay all members commissions and they do pay all commissions monthly in full. There is reserves already for the other commissions that will begin once the matrix is started. They will always have enough to cover all members earnings.

JBP was a typical ponzi without a doubt. GBBG does everything that a Ponzi doesn't do. Basically they are opposite.

[EagleOne]

There is a huge difference between the two.

JBP
- Paid members (or at least credited to their online account) a certain % per day based on what...nothing. Basically giving money that never existed.
- Only revenue was members ad packs
- Could not pay members because they never had the money to account for what was owed to members.

GBBG Bitbillions
- Pay commissions that is based on reenue
- Revenue currently comes from premium membership upgrades, GBBG-Ware profits, POW commission earnings and premium advertising on the site (outside revenue). Later it will also come from revenues created from other projects that are in development.
- Have enough bitcoin to pay all members commissions and they do pay all commissions monthly in full. There is reserves already for the other commissions that will begin once the matrix is started. They will always have enough to cover all members earnings.

JBP was a typical ponzi without a doubt. GBBG does everything that a Ponzi doesn't do. Basically they are opposite.

That's what Zeek Rewards and ASD Cash Generator claimed too and they were both Ponzi's just as this is a Ponzi. SpinDing and One-Line Online also claims the same thing and they are both Ponzi's.

[laidback]

That's what Zeek Rewards and ASD Cash Generator claimed too and they were both Ponzi's just as this is a Ponzi. SpinDing and One-Line Online also claims the same thing and they are both Ponzi's. Shhhhhh, he has his mind made up, don't try to confuse him with facts.
Revenue currently comes from premium membership upgrades, GBBG-Ware profits, POW commission earnings and premium advertising on the site (outside revenue). The bold item is funds from members being paid to other members...so it's only a little bit ponzi??? What is the breakdown of sales to members vs sales at retail?

[Whip]

Shhhhhh, he has his mind made up, don't try to confuse him with facts. The bold item is funds from members being paid to other members...so it's only a little bit ponzi??? What is the breakdown of sales to members vs sales at retail?

Does that mean it's only a BitofBullshit©?

[littleroundman]

Seemingly determined to reinforce his reputation as a serial ponzi pimp and promoter of shady get-rich-quick schemes, aussie_striker, through his alter ego, David Newman is now promoting yet another pyramid scheme through his David Newmans' Network MoneyMakers.com (http://networkmoneymakers.com/) website

http://imageshack.com/a/img839/4686/brdp.jpg

Oz Soapbox on his excellent and well respected BehindMLM blog (http://behindmlm.com/) has previously reviewed the Presentation of Wealth "opportunity" being promoted by aussie_striker.

His conclusion ?? (http://behindmlm.com/companies/preservation-of-wealth-review-sale-of-memberships/)

http://imageshack.com/a/img845/7720/rdz9.jpg

[aussie_striker]

That's what Zeek Rewards and ASD Cash Generator claimed too and they were both Ponzi's just as this is a Ponzi. SpinDing and One-Line Online also claims the same thing and they are both Ponzi's.

Incorrect again. Zeek Rewards also had a % per day earnings and I think ASD did as well although do not know much about that one. The last two I haven't looked at so wouldn't know. If they are claiming a certain amount of % per day then they most certainly are ponzi's. This is one of the big differences, GBBG does not pay something for nothing like those companies did. That is the difference, they did not have any capital reserve behind the money owed because they were giving members money not based on money coming in. GBBG only gives commissions based on real revenue.

You are making my case easier when you try to compare GBBG with programs like JBP and Zeek. All you have to do is look at the compensation plan to see the differences. The others were never sustainable, GBBG is always sustainable.

[aussie_striker]

Revenue currently comes from premium membership upgrades, GBBG-Ware profits, POW commission earnings and premium advertising on the site (outside revenue).
Shhhhhh, he has his mind made up, don't try to confuse him with facts. The bold item is funds from members being paid to other members...so it's only a little bit ponzi??? What is the breakdown of sales to members vs sales at retail?

To have a premium upgrade they need to be a member yes. I think there should be a lot of people that are interested in $5 a month advertising which is what they get even if they aren't interested in the other parts of GBBG.

[Beacon]

Incorrect again. Zeek Rewards also had a % per day earnings and I think ASD did as well although do not know much about that one. The last two I haven't looked at so wouldn't know.

So how do you know he is "incorrect" in all cases? Please look up "argument from ignorance" when you are trawling through your long list of logical fallacies.


If they are claiming a certain amount of % per day then they most certainly are ponzi's.


Really? ever heard of "overnight rates"? It is a common banking term.


This is one of the big differences, GBBG does not pay something for nothing like those companies did.


1. A Ponzi cannot pay anything if it has nothing so it depends on money coming in.
2. Money coming in is not necessarily all from subscriptions ( though in most cases it is) . Ponzis may also offer additional mostly worthless products and services. the test is whether most of the money coming in is from subscriptions of later joiners.
Ther is no evidence to show bit billions has any substantial cash assets which are anything other than cash from subscriptions.


That is the difference, they did not have any capital reserve behind the money owed because they were giving members money not based on money coming in. GBBG only gives commissions based on real revenue.


Revenue from WHAT? From WHERE is any money coming?


You are making my case easier when you try to compare GBBG with programs like JBP and Zeek. All you have to do is look at the compensation plan to see the differences. The others were never sustainable, GBBG is always sustainable.

HOW is it sustainable? Even than it could still be a Ponzi. If I have a bunch of a million dupes paying n $5 month and I pay out a half million to eight people and a million to myself then that is sustainable and i can pay another eight people a half million every month. In a years time I could have paid a hundred people a half million and still have over ten million for myself. As long as the dupes pay $5 a month this will continue. that does not mean it is a real business. It produces nothing and is a Ponzi.


To have a premium upgrade they need to be a member yes. I think there should be a lot of people that are interested in $5 a month advertising which is what they get even if they aren't interested in the other parts of GBBG.

Yeah that is a good way to dupe people out of $5. Offer worthless adverts. after a year they have paid in $60 and got no one buying anything from them because of this worthless advertising. You see the advertising agency works because when someone spends $5 on advertising they sell maybe $100 to $200 of the thing they are advertising. Where is there any evidence of Bit billions doing that. Of course if you have a million dupes you can produce eight people a month to say they made a half million off "advertising" but you know that isn't true and the money came from the dupes.

[Beacon]

Here is a claim before launch last August
BitBillions – 33 Days Until Launch (http://billwillmott.com/bitbillions-33-days-until-launch/)

There isn't any evidence of revenue coming from anywhere other than later joiners

[ribshaw]

Incorrect again. Zeek Rewards also had a % per day earnings and I think ASD did as well although do not know much about that one. The last two I haven't looked at so wouldn't know. If they are claiming a certain amount of % per day then they most certainly are ponzi's. This is one of the big differences, GBBG does not pay something for nothing like those companies did. That is the difference, they did not have any capital reserve behind the money owed because they were giving members money not based on money coming in. GBBG only gives commissions based on real revenue.

You are making my case easier when you try to compare GBBG with programs like JBP and Zeek. All you have to do is look at the compensation plan to see the differences. The others were never sustainable, GBBG is always sustainable.

The correct statement would be GBBG has PROMISED that it is sustainable and has real businesses behind the recruiting matrix blasa blah. What matters in the real world is the common theme of endless recruiting and the only way people making money is via that recruiting. OH I KNOW ONE DAY WHEN THE MATRIX IS COMPLETE WE WILL ALL OWE YOU A BIG APOLOGY.

What business owner in his right mind would give concessions like these away, sans perhaps to a family member? Add BULLSHIT like this to endless recruiting and one has everything needed, % per day or not.

BitBillions – 33 Days Until Launch (http://billwillmott.com/bitbillions-33-days-until-launch/)

"For those holding founder positions this offers great potential following launch as we look set to inherit full forced matrix position. This means monthly income producing assets of $6842 per founder position. Given the founder positions cost $25 these have to be worthy of further consideration."

================================================

HOLD THE PHONE CHARLIE, WHERE OH WHERE DID I SEE PIE IN THE SKY LIKE THIS BEFORE? "Real Revenue", just like all the other slopportunities Aussie has pimped.

Tagvillage Millionaire Club | Network Money Makers (http://networkmoneymakers.com/tagvillage/tagvillage-millionaire-club/)

" How would you like to earn commissions from advertisers having ads on other peoples websites. Owning your own tags you can now earn those commissions. Or get an ad widget for your own site and earn from people clicking ads on it. You can even earn referral commissions"

"Simply put, you can earn money a number of ways and the company has fantastic ethics and is donating 10% of revenue to charities decided by the members.
Another 10% is paid out to members"

Beginning July 1, 2012 we will distribute house referrals evenly to the names on the List through a rotation cycle. The first name on the list will receive a referral and then will be moved to the end of the list. The name that was second will then become first. Each time a name receives a referral, it will be moved to the end of the list and will cycle back to the top as referrals are distributed. We will continuously rotate the names on the list as new advertisers, publishers, and Tag Traders register as house accounts.

We guarantee every single name on the list (position) will receive a minimum of 1 advertiser or publisher as a referral. In the event that a member does NOT receive an advertiser or publisher referral during the 90 Day Distribution Period, we manually award one to them to fulfill this guarantee.

We guarantee all bonus referrals will be either an advertiser or publisher.

All bonus referrals will be distributed AFTER the end of the 90 Day Distribution Period. Bonus referrals will be in addition to the referrals you receive during the standard distribution time.

We ARE NOT obligated to fulfill all advertiser and/or publisher referral guarantees by September 30, 2012. Although we anticipate more than enough advertiser and publisher accounts to fulfill every obligation, we reserve the right to take as long as necessary to ensure every member of the:RpS_lol::RpS_lol::RpS_lol: Millionaires Club:RpS_lol::RpS_lol::RpS_lol: receives the number of advertiser and/or publisher referrals they were guaranteed. This includes bonus referrals.

Inevitably nobody ever got a single distribution of referrals on the due date or ever. The ad platform was not finalized. No advertisers and No income and NO new bunnies joining the program. It should be noted that TV did not officially fall in a screaming heap (apparently owing to hacker theft) until towards November of 2012.

[busttheblock]

They can't give these damn bogus co-founder positions away so they have to make special offers, like the one below posted by David Newman on MMG forum:

Extremely Limited Special Offer

We set aside a very limited number of Co-Founder upgrades to offer our members an amazing discount. There are not many available at this special price, so you better hurry and grab them while you can. First come, first served. We will not say how many are available. So, if you snooze, you will possibly lose. Today, it costs 0.1089 BTC to upgrade one account to Co-Founder status. However, if you hurry and jump on this opportunity you can…
Upgrade 2 accounts to Co-Founder Status for only 0.1556 BTC !!!

$108.00 if paying by PayPal.

Pay for the special offer using a payment method below
Send an email to bitbillions@gmail.com with:
Your own member ID number
The 2 member ID numbers you wish to upgrade

[ribshaw]

They can't give these damn bogus co-founder positions away so they have to make special offers, like the one below posted by David Newman on MMG forum:

[I]Extremely Limited Special Offer

What a bunch of nonsense. Extremely limited until next month, these cyber beggars may as well use cardboard signs and a change cup. WTF real business operates this way?

7737

[littleroundman]

Is it merely coincidence that Desperado and David both start with the letter D ??

I think not

[aussie_striker]

What a bunch of nonsense. Extremely limited until next month, these cyber beggars may as well use cardboard signs and a change cup. WTF real business operates this way?

7737

Actually nearly every business on earth operates this way. That is why jewelry stores regularly have 50%-75% off sales. It generates business.

[Whip]

Actually nearly every business on earth operates this way. That is why jewelry stores regularly have 50%-75% off sales. It generates business.

Of actual, tangible items. Not mystery 'currency'. And seriously, how many actual, true 'founders' can there be? Anyone who shows up now is not a 'founder' in any way, shape or form. They are merely pawns. You scammers have overused that term so much it's become a red flag.

[ribshaw]

Actually nearly every business on earth operates this way. That is why jewelry stores regularly have 50%-75% off sales. It generates business.


On what planet? If I go to a jewelry store the OWNER does not try to get me to be a FOUNDER! I am not told there need to be 5000 in the MATRIX before I can buy a watch. Give us a break, what you are pimping has nothing to do with how any REAL business operates. This is EXACTLY how pyramid/ponzi scams operate.

[laidback]

On what planet? If I go to a jewelry store the OWNER does not try to get me to be a FOUNDER! I am not told there need to be 5000 in the MATRIX before I can buy a watch. Give us a break, what you are pimping has nothing to do with how any REAL business operates. This is EXACTLY how pyramid/ponzi scams operate.His actual objective is the infusion of additional cash or this "business" will FOUNDER!!!

[ribshaw]

His actual objective is the infusion of additional cash or this "business" will FOUNDER!!!

LMAO..

I got to thinking this afternoon one of the super ideas passed around was Bitbillions was going to do "Penny Auctions". In a year and a half of passing the hat they don't even have the chops to get that going. No money for the car part of Iwantacar.com. Bitfued where some lucky duck can win a $10 Starbucks card for $5, like a penny auction but more lame.

Very clearly less than 50% retail to folks outside the pyramid. Also clear this is being marketed as an unregistered security. (Both ILLEGAL AUSSIE)

I know "Just wait till next year" and I will be swallowing hard and apologizing for doubting such a great opportunity..

7752

[Fat City, LA]

Actually nearly every business on earth operates this way. That is why jewelry stores regularly have 50%-75% off sales. It generates business.


Even by his standards this is an all time scammish comment.

[aussie_striker]

Even by his standards this is an all time scammish comment.
You guys should really get your IQ tested, I think some of you have record low levels and should be institutionalized.

[littleroundman]

You guys should really get your IQ tested, I think some of you have record low levels and should be institutionalized.

Given the fact the suggestion is being made by a serial HYIP ponzi player / pimp who wasn't smart enough to wake up after his first experience of playing HYIP ponzi games, would you mind terribly if we totally ignored it ??

[Beacon]

You guys should really get your IQ tested, I think some of you have record low levels and should be institutionalized.

When you have lost an argument do you always resort to attacking the other person instead of dealing with the issue? Please look up "ad hominem" you will find it under "logical fallacy".

Here let me help you
Fallacy: Ad Hominem (http://www.nizkor.org/features/fallacies/ad-hominem.html)

But to take you up on the ad hominem (!)it appears an imbecile or a moron would identify bitbillions as a scam although maybe an idiot would not. Again look up the terms under IQ.

[Fat City, LA]

You guys should really get your IQ tested, I think some of you have record low levels and should be institutionalized.

Is our IQ low enough to buy a Bit Billions 'Co-Founder upgrade'? Now THAT would be true evidence of stupidity !

[aussie_striker]

You know you guys just chase your tails with the same comments everytime. Do you think you could try to come up with something new to say? Probably not as that might involve using your brains. Something you have proven you are severely lacking in.
Do you think you can find anyone that has complained they have been scammed by GBBG. I will guarantee you cannot because nobody has been.

[littleroundman]

Oh dear !

Things must be really tough in HYIP ponziville when the pimps have to pull the old "no one has been scammed" excuse out of the book.

"YET" David, "YET"

Just like your other recommendations - "no one has been scammed - YET"

[Fat City, LA]

You know you guys just chase your tails with the same comments everytime. Do you think you could try to come up with something new to say? Probably not as that might involve using your brains. Something you have proven you are severely lacking in.
Do you think you can find anyone that has complained they have been scammed by GBBG. I will guarantee you cannot because nobody has been.

A much more accurate user name for this yokel is Aussie___Bull***tter.

[Whip]

You guys should really get your IQ tested, I think some of you have record low levels and should be institutionalized.

Some of the biggest scammers out there claim to have high IQs. Much like yourself. Yet, much like your 'programs' it's all a huge fraud.

[littleroundman]

Speaking of IQs,

what sort of IQ would it take to be responsible for this little gem:

http://i1301.photobucket.com/albums/ag116/Little_Roundman/earth_zpsd7b3c52e.jpg~original

while trying to maintain a reputation as some sort of investment expert whose word should be believed when it comes to BitBillions.

[Whip]

Speaking of IQs,

what sort of IQ would it take to be responsible for this little gem:

http://i1301.photobucket.com/albums/ag116/Little_Roundman/earth_zpsd7b3c52e.jpg~original

while trying to maintain a reputation as some sort of investment expert whose word should be believed when it comes to BitBillions.

I believe clem would say 155

[Beacon]

You know you guys just chase your tails with the same comments everytime.


Comments like "that is a logical fallacy called 'shifting the burden' WE dont have to prove anything about biot billions since YOU are the one making the claims YOU are the one who has to provide the evidence"?

How is continually pointing out that you are continually presenting with the same logical fallacies any evidence of anyone other than YOU chasing their tail?


Do you think you could try to come up with something new to say?

We don't need to if we are pointing out the repeated errors YOU seem not to learn how to avoid committing.


Probably not as that might involve using your brains. Something you have proven you are severely lacking in.


1. Sorry but NO you have not proven anything!
2. You obviously didn't learn what "ad hominem" is.




Do you think you can find anyone that has complained they have been scammed by GBBG.


Yes I think we could but that is called "moving the goalposts". The issue here is not about RS proving anything is a scam! That is something you just shifted to after all your other fallacies.



I will guarantee you cannot because nobody has been.

1. so what? who claimed they could?
2. Absence of evidence is not evidence of absence - another fallacy committed by you. this is called "appeal to ignorance"
http://www.iep.utm.edu/fallacy/#AppealtoIgnorance

In your case - not knowing that CBBG is a scam is taken to be a proof that it is a proper business.

[ribshaw]

Do you think you can find anyone that has complained they have been scammed by GBBG. I will guarantee you cannot because nobody has been.

Aussie, earlier in THIS thread I posted the complaints of participants in the ILLEGAL GBBG FUND when Ruebush changed the terms of withdraw from DAILY to GO SCREW YOURSELF. Remember when you used to post the great returns all over the interwebs right up until the doors were shut?

OH I know just like Tagvillage everyone is going to be made whole. Do you wet your pants laughing as you type this stuff, or are you really the most naive 40 year old in the world?


Do you think you could try to come up with something new to say?

Be it pie eyed optimism or outright malice you have and continue to participate in the promotion of frauds. Why would anyone with half a brain and 20 years of military service risk charges like this? There is next to zero upside at your level, and unlimited downside.

http://www.realscam.com/f37/finally-faith-sloan-charged-sec-telexfree-fraud-3139/

[aussie_striker]

Speaking of IQs,

what sort of IQ would it take to be responsible for this little gem:

while trying to maintain a reputation as some sort of investment expert whose word should be believed when it comes to BitBillions.

I have already admitted that I tried out hyips before. I have also tried to educate others on the risks of them. I have never run one myself or in conjunction with anyone else. Most people online have tried different things, some work and some don't. Some are more legit than others. You guys just seem to be a bit twisted on your ideas of what is legit and what isn't. Hyips are not legit but Bitbillions is not a hyip in any way, the compensation plan proves it.

[aussie_striker]

Be it pie eyed optimism or outright malice you have and continue to participate in the promotion of frauds. Why would anyone with half a brain and 20 years of military service risk charges like this? There is next to zero upside at your level, and unlimited downside.

http://www.realscam.com/f37/finally-faith-sloan-charged-sec-telexfree-fraud-3139/

You are badly mistaken as I do not promote frauds. Bitbillions is not a fraud. I am risking no charges as I am not involved in anything illegal. There is an upside as when Bitbillions does achieve the next stage I am in a good position to profit from it. The downside, if it does not get there then the money I have put into it is gone.

Faith Sloan...I have come across her marketing techniques and the way she treats people in the past. She threw me out of a couple of her skype rooms when I stated/told people that what she was promoting was a ponzi. She didn't like that at all but it was obvious. She was only ever interested in herself and not helping people she recruited to her scams.

[path2prosperity]

Speaking of IQs,

what sort of IQ would it take to be responsible for this little gem:

http://i1301.photobucket.com/albums/ag116/Little_Roundman/earth_zpsd7b3c52e.jpg~original





while trying to maintain a reputation as some sort of investment expert whose word should be believed when it comes to BitBillions.

What sort of half baked idiot would hawk Paradox Cash? Nigel Swain's attempt to justify his own pryramid and his super pimp Myrna Ferguson is history and a big laugh.

Paradox Cash RS thread (http://www.realscam.com/f9/paradox-cash-another-pyramid-1616/).

[path2prosperity]

You are badly mistaken as I do not promote frauds.

NO

What is this Paradox Cash (http://www.realscam.com/f9/paradox-cash-another-pyramid-1616/)

[aussie_striker]

NO

What is this Paradox Cash (http://www.realscam.com/f9/paradox-cash-another-pyramid-1616/)

You might want to update that thread as since the last post they hit their goal amount of subscribers and have released sites just as they always claimed they would.

[ribshaw]

You are badly mistaken as I do not promote frauds. Bitbillions is not a fraud. I am risking no charges as I am not involved in anything illegal. There is an upside as when Bitbillions does achieve the next stage I am in a good position to profit from it. The downside, if it does not get there then the money I have put into it is gone.

Faith Sloan...I have come across her marketing techniques and the way she treats people in the past. She threw me out of a couple of her skype rooms when I stated/told people that what she was promoting was a ponzi. She didn't like that at all but it was obvious. She was only ever interested in herself and not helping people she recruited to her scams.

Aussie, EVEN IF Bitbillions was 100% legitimate you are ILLEGALLY soliciting unregistered securities and are unlicensed to do so. Yes you are breaking the law, and yes you could be charged. That you don't even seem to comprehend this makes the discussion a little challenging as the law is extremely clear.

As for the rest of course, the 10 or 20ish scams that have your name tied to in this thread must be outliers.

[aussie_striker]

Aussie, EVEN IF Bitbillions was 100% legitimate you are ILLEGALLY soliciting unregistered securities and are unlicensed to do so. Yes you are breaking the law, and yes you could be charged. That you don't even seem to comprehend this makes the discussion a little challenging as the law is extremely clear.


Can you tell me how GBBG is soliciting unregistered securities? Personally I have no idea what you are on about. There is premium upgrades which effectively is buying an ad position and the co-founder upgrades which are limited and just a membership status. So what securities are you talking about?

[Beacon]

Personally I have no idea what you are on about.
Ignorance of the law does not constitute a valid defence for breaking it.

What jurisdiction are you in australia? United States? ... and what particular state. The general laws are the same but there may be specific ones for the actual state you are in.

You are asking people to invest in CBBG. They are paying money into something which you promote as having a return on of more than they put in. You also assert it is a risk.

With respect to the US- investment schemes that do not fall within the traditional categories of securities listed in the definition of a security (Sec. 2(a)(1) of the 33 act and Sec. 3(a)(10) of the 34 act) the US Courts have developed a broad definition for securities that must then be registered with the SEC. When determining if there a is an "investment contract" that must be registered the courts look for an investment of money, a common enterprise and expectation of profits to come primarily from the efforts of others. ( See SEC v. W.J. Howey Co..) What people call "passive" investment.
15 U.S. Code § 78a - Short title | LII / Legal Information Institute (http://www.law.cornell.edu/uscode/text/15/78a) - the 1934 Act
15 U.S. Code § 77a - Short title | LII / Legal Information Institute (http://www.law.cornell.edu/uscode/text/15/77a) - the 1933 Act

[aussie_striker]

Ignorance of the law does not constitute a valid defence for breaking it.

What jurisdiction are you in australia? United States? ... and what particular state. The general laws are the same but there may be specific ones for the actual state you are in.

You are asking people to invest in CBBG. They are paying money into something which you promote as having a return on of more than they put in. You also assert it is a risk.

With respect to the US- investment schemes that do not fall within the traditional categories of securities listed in the definition of a security (Sec. 2(a)(1) of the 33 act and Sec. 3(a)(10) of the 34 act) the US Courts have developed a broad definition for securities that must then be registered with the SEC. When determining if there a is an "investment contract" that must be registered the courts look for an investment of money, a common enterprise and expectation of profits to come primarily from the efforts of others. ( See SEC v. W.J. Howey Co..) What people call "passive" investment.
15 U.S. Code § 78a - Short title | LII / Legal Information Institute (http://www.law.cornell.edu/uscode/text/15/78a) - the 1934 Act
15 U.S. Code § 77a - Short title | LII / Legal Information Institute (http://www.law.cornell.edu/uscode/text/15/77a) - the 1933 Act

Once again, you are talking about investing in GBBG but you cannot invest in GBBG, you can upgrade to a premium member on the earning sources but that is not investing. You can get a lifetime co-founder position, but that is not an investment either. Now I expect with the twists that you guys normally use to hear someone like LRM say something like any money put in to GBBG is investing, but that is just lying. I expect it from LRM amongst others here now though. Maybe buying a pie at the local shop is investing.

[littleroundman]

The Howey Test:

The Supreme Court set forth a test, now known as the Howey test, for determining whether a transaction constitutes an investment contract.
Under the Howey test, a contract or transaction is an investment contract if “a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third-party.”

Please note however that while the Supreme Court in Howey stated that the profit must arise “solely” from the efforts of others, later decisions by lower courts and the Supreme Court have expanded this, so even if the investor has the power to be involved, the transaction may still be an investment contract if the efforts of others predominate.

Therefore, there are three essential components for this test:

(1) investing money in a common enterprise,

(2) the expectation of profit,

and

(3) the profit arising primarily from the efforts of people other than the investor.

[ribshaw]

Once again, you are talking about investing in GBBG but you cannot invest in GBBG, you can upgrade to a premium member on the earning sources but that is not investing. You can get a lifetime co-founder position, but that is not an investment either. Now I expect with the twists that you guys normally use to hear someone like LRM say something like any money put in to GBBG is investing, but that is just lying.



Aussie, the LEGAL definition has been provided for you, AGAIN. Are you seriously not able to read and comprehend?

Explain how an INVESTMENT in the GBBG fund is not an INVESTMENT?

I know the fund is now defunct and everyone has lost their money, er sorry will be made whole in five years. But let's ignore that and explain...

7772

While it is a little more challenging the same rules apply to Bitbillions regardless of what you call the INVESTMENTS. There is doctrine called SUBSTANCE over FORM, that prevents people from avoiding the law by playing games with things like names, FOUNDER vs. INVESTOR. Get it yet?

So playing stupid or saying it's not an investment means nothing in the eyes of the law.


Maybe buying a pie at the local shop is investing.

No one is claiming RETAIL sales are an investment. If the shop owner took to the web and offered FOUNDER positions to non accredited investors where they get a piece of the pie, then YES that is an investment. If that OWNER goes further and PAYS unlicensed people to solicit INVESTMENTS in his shop then then more laws are being broken.

It could not be any more clear, you are breaking the law.

[aussie_striker]

Aussie, the LEGAL definition has been provided for you, AGAIN. Are you seriously not able to read and comprehend?

Explain how an INVESTMENT in the GBBG fund is not an INVESTMENT?

I know the fund is now defunct and everyone has lost their money, er sorry will be made whole in five years. But let's ignore that and explain...

7772

While it is a little more challenging the same rules apply to Bitbillions regardless of what you call the INVESTMENTS. There is doctrine called SUBSTANCE over FORM, that prevents people from avoiding the law by playing games with things like names, FOUNDER vs. INVESTOR. Get it yet?

So playing stupid or saying it's not an investment means nothing in the eyes of the law.

No one is claiming RETAIL sales are an investment. If the shop owner took to the web and offered FOUNDER positions to non accredited investors where they get a piece of the pie, then YES that is an investment. If that OWNER goes further and PAYS unlicensed people to solicit INVESTMENTS in his shop then then more laws are being broken.

It could not be any more clear, you are breaking the law.

You keep talking about investing in GBBG but there is nowhere on the site that talks about investing. The fund that was started was stopped as there was legal miplications and GBBG found that they were going to have to jump through too many hoops to ensure it passed all regulations (despite being in bitcoin). So the fund no longer exists. Members voted on what would happen with the funds that were already invested. Basically the fund is old news, it no longer exists and will not be reopened. You are saying money going into GBBG are investments when that is not what it is and the site does not claim it is. Only you claim that is what it is. So my analogy with retail sales is correct as it is basically the same as you saying people are investing in GBBG. You making up lies about the site does not make it true.

[ribshaw]

You keep talking about investing in GBBG but there is nowhere on the site that talks about investing. The fund that was started was stopped as there was legal miplications and GBBG found that they were going to have to jump through too many hoops to ensure it passed all regulations (despite being in bitcoin). So the fund no longer exists. Members voted on what would happen with the funds that were already invested. Basically the fund is old news, it no longer exists and will not be reopened.

People lost all their money (er sorry they voted that in 5 years they would be made whole). OLD NEWS in your world is still relevant to the type of crap you peddle as you still have your hand out for "founders" or "half founders" or "reverse hoopdeedopp founders".

But yes, if you mean people lost their money then yes, we can agree.



You are saying money going into GBBG are investments when that is not what it is and the site does not claim it is. Only you claim that is what it is. So my analogy with retail sales is correct as it is basically the same as you saying people are investing in GBBG. You making up lies about the site does not make it true.

I don't know how many more people have to explain this to you, the legal definition of "INVESTMENT" is posted above using the Howey Test. I would suggest you meet with an attorney locally and have them explain it to you. Perhaps they could use a combination of crayon and scratch N sniff to let it sink in.

BITCOIN has nothing to do with anything. I can't exchange people's money for plastic chips, let them gamble for those chips, and then exchange those chips for money at the end of the night and claim there is no gambling involved. You can play all the word games you want, you are breaking the law.

In conclusion, NO your retail analogy is not correct.

[Beacon]

You keep talking about investing in GBBG but there is nowhere on the site that talks about investing.


So what if they dont use the word investing? People pay money and expect a return.


The fund that was started was stopped as there was legal miplications and GBBG found that they were going to have to jump through too many hoops to ensure it passed all regulations (despite being in bitcoin). So the fund no longer exists.

So an earlier fraud "investment" also failed? So what ? Please look up "straw man".


You are saying money going into GBBG are investments when that is not what it is and the site does not claim it is. Only you claim that is what it is.


No1 that is what YOU claim it is! People pay for i.e. buy membership or founder status and are informed that the future value of these positions will be higher than now.

bitbillions earn free bitcoins: Bitbillions (Estimated Future Co-Founder Account Value) (http://bitbillions-freebitcoins.blogspot.com/2014/04/bitbillions-estimated-future-co-founder.html)



revenue will come from Premier membership upgrades, premium advertising sales, GBBG|ware projects, outside product sales, and many other sources
i.e from later people joining = a ponzi



The GBB|market will be open after the launch of the Matrix. This will be a place where members can buy and sell Founder and Co-Founder accounts.

for "matrix" read "pyramid" and for buying and selling accounts read "investing"



So my analogy with retail sales is correct as it is basically the same as you saying people are investing in GBBG.

No in retail sales you buy a product and you can also return that product and get your money back. with CBBG you buy "positions" which are not anything you can hold in your hand and which can be traded on to someone else for more money. You are therefore being offered an investment. also people are additionally encouraged to recruit into a "matrix" which is basically a pyramid/ponzi.

[aussie_striker]

No1 that is what YOU claim it is! People pay for i.e. buy membership or founder status and are informed that the future value of these positions will be higher than now.


revenue will come from Premier membership upgrades, premium advertising sales, GBBG|ware projects, outside product sales, and many other sources
i.e from later people joining = a ponzi

How do you get 'from later people joining' when none of that is to do with people joining?

[Beacon]

How do you get 'from later people joining' when none of that is to do with people joining?

I have seen no published accounts or no records of substantial revenue from retail or advertising or "other sources" to cover the claimed payouts. So if it isn't coming from subscriptions of people joining the scheme then what evidence is there it is coming from another source? What actual accounts are there and what expertise and background is there for the people running the scheme? Membership and membership upgrades is all I see as regards money coming in. Where is there any evidence of substantial income form all the other sources mentioned eg advertising, outside products, software or "other"?

[aussie_striker]

I have seen no published accounts or no records of substantial revenue from retail or advertising or "other sources" to cover the claimed payouts. So if it isn't coming from subscriptions of people joining the scheme then what evidence is there it is coming from another source? What actual accounts are there and what expertise and background is there for the people running the scheme? Membership and membership upgrades is all I see as regards money coming in. Where is there any evidence of substantial income form all the other sources mentioned eg advertising, outside products, software or "other"?

The website shows transparency of all revenue and payouts. It goes into great detail, more than I think you will find on any site, unless you are an accountant for them. Most of the 'substantial' revenue will come later with new products, right now the outside sources are growing but all bitcoin is accounted for and any member can see it all on the site.

[littleroundman]

Most of the 'substantial' revenue will come later with new products,.

Oh dear.

The old "We'll run it as a hybrid ponzi / pyramid for now and make it legal later" trick.

[Whip]

Oh dear.

The old "We'll run it as a hybrid ponzi / pyramid for now and make it legal later" trick.

well............maybe
and, of course, by then, it will be a BitLate©

[aussie_striker]

Oh dear.

The old "We'll run it as a hybrid ponzi / pyramid for now and make it legal later" trick.

Throwing out the same old lines again I see. Ignoring the more significant info given.

[Whip]

That is the only significant info needed to warn others.

[littleroundman]

Throwing out the same old lines again I see. Ignoring the more significant info given.

Ummn,

that's probably because it's as true now as the first time it was said, and nothing you or Bitbillions have come up with negates the fact that, at this moment, Bitbillions only SIGNIFICANT source of revenue is membership fees (or whatever you are calling them this week)

[Fat City, LA]

Bit Billions still adding Magic Beans and shares in the Brooklyn Bridge as the new revenue streams?

Bringing Gandalf and Frodo into upper management has really helped make this one legit!

[aussie_striker]

Bit Billions still adding Magic Beans and shares in the Brooklyn Bridge as the new revenue streams?

Bringing Gandalf and Frodo into upper management has really helped make this one legit!

And it is comments like these that just prove you guys have no credibility whatsoever.

[littleroundman]

And it is comments like these that just prove you guys have no credibility AMONG HYIP PONZI PIMPS AND PLAYERS whatsoever.

There, David, fixed it for ya.

No need to thank me.

[Fat City, LA]

And it is comments like these that just prove you guys have no credibility whatsoever.

Why? Magic Beans and shares in Brooklyn Bridge are as real as bit billions revenue streams other than other members $.

Does this mean I'm not invited to "Join our host David Ruebush as he discusses some important details regarding our Top Secret Project?

I'm bummed.
David Ruebush has NEVER been involved in a project where people have lost $ AND I'll miss the big announcement of the Easter Bunny (maybe Santa Claus) joining Bits Billion.

[Beacon]

The website shows transparency of all revenue and payouts.


that is unsupported assertion! WHERE does the website shoe where all the money is coming from and where ir is going?
Can you state here what you see as the total revenue and sources and what are the payouts and sources and provide supporting references?



It goes into great detail, more than I think you will find on any site, unless you are an accountant for them.


Great - Care to supply the figures? How much goes in form what source and how much cis paid out and to whom and on what?



Most of the 'substantial' revenue will come later with new products, right now the outside sources are growing but all bitcoin is accounted for and any member can see it all on the site.

So now you have an unsupported claim of no current revenue but a promise of "jam tomorrow" ?
So how much revenue is CURRENTLY coming from subscribtions?
How much is being paid out and to whom?

If it is all transparent as you claim it should be easy to reproduce here.

But the main issue is of all the payouts what percentage of it is coming from subscriptions as opposed to "other" sources?

[Beacon]

Throwing out the same old lines again I see. Ignoring the more significant info given.

What significant info? All you did was say the CBBG website has all the info. You didnt provide any of it! I could just as easily claim the invisible unicorn site has all the info - but Im not making that claim am I? No YOU are making the claim and it is for you to provide evidence.

[Beacon]

And it is comments like these that just prove you guys have no credibility whatsoever.

Credibility rests on the ability of those making a claim to support their claim with evidence. Fat City LA and myself have only pointed out that anyone can make any unsupported claim whatsoever. SUPPORTING the claim is what matters. I dont think he is serious about producing Gandalf or Magic beans but you are seriously claiming that Bit Billions has clear sources of revenue and they are clearly understandable and easy to show. But you fail to come up with any actual figures or to show the source of those figures. As such your claim is as valid as a claim of magic beans or invisible unicorns.

[aussie_striker]

that is unsupported assertion! WHERE does the website shoe where all the money is coming from and where ir is going?
Can you state here what you see as the total revenue and sources and what are the payouts and sources and provide supporting references?



Great - Care to supply the figures? How much goes in form what source and how much cis paid out and to whom and on what?



So now you have an unsupported claim of no current revenue but a promise of "jam tomorrow" ?
So how much revenue is CURRENTLY coming from subscribtions?
How much is being paid out and to whom?

If it is all transparent as you claim it should be easy to reproduce here.

But the main issue is of all the payouts what percentage of it is coming from subscriptions as opposed to "other" sources?

What more would you like. Short of the company knocking on your door and sitting down with you showing you all the account figures (which is pretty close to what is available on the transparency page). There is nothing that could be ever done to prove to you that this is real. I am sorry that you are unable to see any good in anything but that is your loss.

[Kleinzeit]

What more would you like. Short of the company knocking on your door and sitting down with you showing you all the account figures (which is pretty close to what is available on the transparency page). There is nothing that could be ever done to prove to you that this is real. I am sorry that you are unable to see any good in anything but that is your loss.

Aussie, let me tell you what I would like. I want you to copy your fabled transparency page and paste it into this forum in order that we can all give it a once over - and of course you can be on hand to answer any questions. It's transparent, right? Not a state secret.

No door knocking required. Just get real and do it.

Either that or just stay away because I am done with you and your "aw geeze you guys is the worst, youse don't believe in nuffink, an I can't make you see the light, an youse will be the big losers" Possibly NOT.

IMHO you are nothing but a deceiving maladroit. It still makes me laugh when I read your post stating "I've never told lies on the internet and I'm not about to start now". You are quite a card Aussie.

[Beacon]

What more would you like. Short of the company knocking on your door and sitting down with you showing you all the account figures (which is pretty close to what is available on the transparency page).


That is an unsupported claim!
It is very simple what you are being asked
1. Produced HERE the amount that is being brought into CBBG by peopole putting miney into joining memberships upgrades i.e. all the miney put in by members.
2. Produce the money coming in fromother sources
3. Produce how much has been payed out to how manny people and whether they joined later or were early members.
In 1, 2and 3 above cite sources to back up the claim.



There is nothing that could be ever done to prove to you that this is real. I am sorry that you are unable to see any good in anything but that is your loss.

I am sorry but yopu have not done anything at all except produce empty claims! You have not produced the amount going into #CBBG and from what sources and how much they have paid out and to whom. the fact is people here havent seen ANYTHING AT ALL from you . All you provide is windbagging about the evidence being there for all to see but you have not shown any evidence at all!

[Whip]

All you provide is windbagging about the evidence being there for all to see but you have not shown any evidence at all!

Not totally true. He continually gives evidence of what a scammer he is with every one of his say nothing nonsense posts.

[aussie_striker]

Aussie, let me tell you what I would like. I want you to copy your fabled transparency page and paste it into this forum in order that we can all give it a once over - and of course you can be on hand to answer any questions. It's transparent, right? Not a state secret.

No door knocking required. Just get real and do it.

Either that or just stay away because I am done with you and your "aw geeze you guys is the worst, youse don't believe in nuffink, an I can't make you see the light, an youse will be the big losers" Possibly NOT.

IMHO you are nothing but a deceiving maladroit. It still makes me laugh when I read your post stating "I've never told lies on the internet and I'm not about to start now". You are quite a card Aussie.

There is far too much info in the transparency area to post here so I will just post the Bitfeud Summary page and first page of the Bitfeud Flash Sales Winner Payouts (which you access by clicking on (transaction details). All of the other parts of GBBG have their transactions recorded similarly to this.

BITFEUD UPGRADE REVENUE (transaction details)
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TOTAL
2013 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 11.0589 2.7678 1.4744 15.3010
2014 2.7399 1.9127 1.3603 2.0956 2.3875 0.6140 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 11.1100

BITFEUD UPGRADE REVENUE GRAND TOTAL: 26.41106354

BITFEUD REFERRER COMPENSATION PAID (transaction details)
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TOTAL
2013 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 -2.0508 -0.7199 -2.7707
2014 -0.4088 -0.7998 -0.4687 -0.3563 -0.7396 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 -2.7732

BITFEUD REFERRER COMPENSATION TOTAL: -5.54387960

BITFEUD FLASH SALE REVENUE (transaction details)
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TOTAL
2013 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.8989 2.0372 1.8812 4.8173
2014 0.7629 0.6604 1.2050 0.2760 0.4500 0.3750 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 3.7294

BITFEUD FLASH SALE REVENUE GRAND TOTAL: 8.54668700

BITFEUD FLASH SALE WINNER PAYOUTS (transaction details)
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TOTAL
2013 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 -1.7977 -4.0745 -3.7624 -9.6347
2014 -1.5258 -1.5336 -2.4101 -0.5520 -0.8000 -0.7500 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 -7.5715

BITFEUD FLASH SALE PAYOUT GRAND TOTAL: -17.20617382

BITFEUD SUMMARY
ITEM GRAND TOTAL
Upgrade Revenue + 26.41106354
Compensation Paid -5.54387960
Referrer Compensation Forfeited + 3.69999264
Flash Sale Revenue + 8.54668700
Flash Sale Payouts -17.20617382
To Matrix Pools -7.95384488
TOTAL FOR OPERATIONS 7.95384488

Total Flash Sale Payouts -17.30617382
# Date Member ID Payout Address Amount
1 2014-06-17 1GJXQNXqVxeSt2ycEXbQyJf4srnFmSu93k 1SFt3Stz8apUHax6c8McxvMzzRD8qeXxc Flash Sale Payout -0.05000000
2 2014-06-17 1HKCnwemGT3t7NkY1D1eehYrwDMNEdqTdW 1SFt3Stz8apUHax6c8McxvMzzRD8qeXxc Flash Sale Payout -0.05000000
3 2014-06-17 19hhRJ7P7WMqauQteJmm4pf72LiTmdJuHB 1Kpf4cxefV8etPcFQPufAHHsPAtJ13cPGs Flash Sale Payout -0.05000000
4 2014-06-17 1Ka4ZU1t1mdtDUGSsrBBn2aVpsAvHrNXSg 1zGaWxeYkK93NFZV1Pus7StJANhXAkNNR Flash Sale Payout -0.05000000
5 2014-06-12 1Ka4ZU1t1mdtDUGSsrBBn2aVpsAvHrNXSg 1zGaWxeYkK93NFZV1Pus7StJANhXAkNNR Flash Sale Payout -0.05000000
6 2014-06-12 1HpjkGBTKqumG1kvggmpDUkHEWeTSRbc6 15sjYzPA8sUggVVgcn7FSyVqvbzeeAx1En Flash Sale Payout -0.05000000
7 2014-06-12 164Q4S5L4Quo3WFfvmwTgom54MvkdwJT4U 1Me7jqkPj8Qu9KwvfBqFhPM8nmXuRT2kjJ Flash Sale Payout -0.05000000
8 2014-06-12 19hhRJ7P7WMqauQteJmm4pf72LiTmdJuHB 1Kpf4cxefV8etPcFQPufAHHsPAtJ13cPGs Flash Sale Payout -0.05000000
9 2014-06-12 1FNm4fLhJC7PR6F1QuDn32kk6NV8hvwNxi 1PrwuAwQdnSpSR9ywaoQAW5AyTriBjaS3c Flash Sale Payout -0.05000000
10 2014-06-03 1HKCnwemGT3t7NkY1D1eehYrwDMNEdqTdW 1SFt3Stz8apUHax6c8McxvMzzRD8qeXxc Flash Sale Payout -0.06000000
11 2014-06-03 1GJXQNXqVxeSt2ycEXbQyJf4srnFmSu93k 1SFt3Stz8apUHax6c8McxvMzzRD8qeXxc Flash Sale Payout -0.06000000
12 2014-06-03 1HCAvvS7DVnMbbYDMi5nnS8H9kVwwpagb2 15J7uefv3w1CstTMWMq3PTKNnzSD5Tqjux Flash Sale Payout -0.06000000
13 2014-06-03 13NfTbMUSo43LZWxXAviUgyvJZ3at3hrjT 1417TZbiDSC681oHKKUNA27SK2Gci7xZnC Flash Sale Payout -0.06000000
14 2014-06-03 1MpBTqRWzJp6jNDtaRxzyjwoo1uWuvWW4g 1Gg5hXypFBu6vkFd3zHs1YKw9JQc7jCLxo Flash Sale Payout -0.06000000
15 2014-05-27 12pK5bdrDsGMskAKP5od8Je2PkXxZZrD2S 1ALmLwae5X7iVAmMjXY9XFL96CFDQEDvPZ Flash Sale Payout -0.06000000
16 2014-05-27 1GXEvohBGUERxwK2gTJNyhKpEqab4zGM9E 1KHWMTDkKe965r2Sq1p3ZvJXmuG8nBkagL Flash Sale Payout -0.05000000
17 2014-05-27 12pK5bdrDsGMskAKP5od8Je2PkXxZZrD2S 1ALmLwae5X7iVAmMjXY9XFL96CFDQEDvPZ Flash Sale Payout -0.05000000
18 2014-05-27 1GJXQNXqVxeSt2ycEXbQyJf4srnFmSu93k bitcoin Flash Sale Payout -0.05000000
19 2014-05-20 1L8qYqS4sZomkRSz3kq4i12NJvwjhzwhbV 19sVvJrysX4wmaJBp714VCnmR7cNXkPsDr Flash Sale Payout -0.06000000
20 2014-05-20 15tty5e5DSBrxmKpy9EpYbnv239r4z8C1T 17wrysSHLqyyGhNzwHbCSga5EnLmdZnmQF Flash Sale Payout -0.06000000
21 2014-05-20 1Bph5RzNbvVj9g9ikNsXhRPpmXDQXzTzB8 1G57SbzTC7QFFGitqSV5HtNpNUXusf8tPB Flash Sale Payout -0.06000000
22 2014-05-13 12isz4owz9DR9rsZia4QrJEgrqLywAMZm3 1Khq5V3NiSQSVHGCZKFQZeZvpafNojVn4c Flash Sale Payout -0.04000000
23 2014-05-13 1P7KnB3AHUqw8Z6yaLasyeUFXiaBZEQ8tE 15mxXdrK31yz5Xda88vorkLeEp5af1jiUe Flash Sale Payout -0.04000000
24 2014-05-13 19hhRJ7P7WMqauQteJmm4pf72LiTmdJuHB 1Kpf4cxefV8etPcFQPufAHHsPAtJ13cPGs Flash Sale Payout -0.04000000
25 2014-05-13 16baDwtNMeXhksVEe4ibnNLfw82znkGaiL 1MfQAJNASXFsApnQuHtgqMRixQkNHy9pf7 Flash Sale Payout -0.04000000
26 2014-05-10 1L8qYqS4sZomkRSz3kq4i12NJvwjhzwhbV 19sVvJrysX4wmaJBp714VCnmR7cNXkPsDr Flash Sale Payout -0.05000000
27 2014-05-10 1Dj9VyvHZkpJTZsrWmMXcNVbnzpex9CWNH 1CsojScxDUsxegPdh1Vvufwm1EeRsjcutF Flash Sale Payout -0.05000000
28 2014-05-10 1PPqPGdyj6kZjFB5kztA1JtTit84mU4vwp 1DoJFD7wPVb9rb8mUFVNwJLLbfFfucrdiH Flash Sale Payout -0.05000000
29 2014-05-10 1BVZPWymLXxqe5jHw9w7o2WaUgZjKByhS3 16kakq6ye9gmS2N86FxEkRx1QeNcBc5TJE Flash Sale Payout -0.05000000
30 2014-05-10 164Q4S5L4Quo3WFfvmwTgom54MvkdwJT4U 1Me7jqkPj8Qu9KwvfBqFhPM8nmXuRT2kjJ Flash Sale Payout -0.05000000
31 2014-04-07 1BVZPWymLXxqe5jHw9w7o2WaUgZjKByhS3 16kakq6ye9gmS2N86FxEkRx1QeNcBc5TJE Flash Sale Payout -0.11040000
32 2014-04-07 1Ktha3GpvbSK8jNrLv54YGytMnU4zRkyv4 1DhismZCVhGA7LdrgvBUYSPxUXWBPdAgha Flash Sale Payout -0.10893246
33 2014-04-07 1HBmbSJr7sQNhnAnnmRzG19VZhpMtt1oE9 1G8kuZsD12tF4yPibUkpVWcLG9vZLYoQcH Flash Sale Payout -0.11185432
34 2014-04-07 1P7KnB3AHUqw8Z6yaLasyeUFXiaBZEQ8tE 1LDyLTqTUV8bRS4nN7GKzVT1cFBAXiVFNM Flash Sale Payout -0.11185432
35 2014-04-07 1Bph5RzNbvVj9g9ikNsXhRPpmXDQXzTzB8 1G57SbzTC7QFFGitqSV5HtNpNUXusf8tPB Flash Sale Payout -0.10893246
36 2014-03-31 1BVZPWymLXxqe5jHw9w7o2WaUgZjKByhS3 16kakq6ye9gmS2N86FxEkRx1QeNcBc5TJE Flash Sale Payout -0.11030000
37 2014-03-31 1Ktha3GpvbSK8jNrLv54YGytMnU4zRkyv4 1DhismZCVhGA7LdrgvBUYSPxUXWBPdAgha Flash Sale Payout -0.11086474
38 2014-03-31 1P7KnB3AHUqw8Z6yaLasyeUFXiaBZEQ8tE 1LDyLTqTUV8bRS4nN7GKzVT1cFBAXiVFNM Flash Sale Payout -0.10893246
39 2014-03-31 1BtLK2NkMNpGDj8YcB9CUgU5dD9w3TCwdT 17bro2PGDSTwh4CdoPmot85piEAGycpEVQ Flash Sale Payout -0.10204000
40 2014-03-31 1HBmbSJr7sQNhnAnnmRzG19VZhpMtt1oE9 1G8kuZsD12tF4yPibUkpVWcLG9vZLYoQcH Flash Sale Payout -0.10893244
41 2014-03-24 12rxvZgb4KpNXpj2msvXkcBaJarCo66RXb 18AoeY87LmwcVJmDB8qXbXvs3ETee4DxsG Flash Sale Payout -0.08833922
42 2014-03-24 1GXEvohBGUERxwK2gTJNyhKpEqab4zGM9E 1LwPaLnFLZhmqr9D63dfjnZyQ4Xz8CLuzy Flash Sale Payout -0.08963786
43 2014-03-24 12pK5bdrDsGMskAKP5od8Je2PkXxZZrD2S 1CXEa2eqzMi1NMdRzHrUAUNN6NiFzxwQsP Flash Sale Payout -0.09046000
44 2014-03-24 1D7WFaUf43tLeZH5j4d5X8AuyTL2v7M8gS 1MpwDyjgKqp5ko4mLstzppULUar559aEQn Flash Sale Payout -0.08740000
45 2014-03-24 1u7ot8xhFcbVNnna7yrvnyDpNTkrjwgGu 1Me7jqkPj8Qu9KwvfBqFhPM8nmXuRT2kjJ Flash Sale Payout -0.08986000
46 2014-03-18 1Ktha3GpvbSK8jNrLv54YGytMnU4zRkyv4 1DhismZCVhGA7LdrgvBUYSPxUXWBPdAgha Flash Sale Payout -0.12982796
47 2014-03-18 1KvrTcYX2LydFBgJjFM4i4D7T7cwehb2fQ 15mxXdrK31yz5Xda88vorkLeEp5af1jiUe Flash Sale Payout -0.12897400
48 2014-03-18 1BVZPWymLXxqe5jHw9w7o2WaUgZjKByhS3 16kakq6ye9gmS2N86FxEkRx1QeNcBc5TJE Flash Sale Payout -0.13016000
49 2014-03-18 1P7KnB3AHUqw8Z6yaLasyeUFXiaBZEQ8tE 1LDyLTqTUV8bRS4nN7GKzVT1cFBAXiVFNM Flash Sale Payout -0.12897400
50 2014-03-18 1Bph5RzNbvVj9g9ikNsXhRPpmXDQXzTzB8 1G57SbzTC7QFFGitqSV5HtNpNUXusf8tPB Flash Sale Payout -0.13042698

[ribshaw]

LOL Bitfudge. A year and a half and 100,000 members to auction a $20 gift card for $10. Dare I say revolutionary.

Aussie, in all seriousness are you huffing glue or gold paint? You can't honestly think this looks anything like a legitimate business.

ILLEGALLY PROMOTED INVESTMENT BY UNLICENSED PROMOTERS.

ILLEGAL PONZI/PYRAMID STRUCTURE WITH LESS THAN 50% OF SALES AT RETAIL.

AUSSIE CAUGHT IN NUMEROUS LIES IN THIS THREAD.

sljgsloasjrpokeljaognlasfkadsnfkmlanmlfrneawjnfkml eanl;nads - For good measure

[ribshaw]

Perhaps I was a BitHasty in my last post.

Putting on the green eye shade for a second.

BITFEUD SUMMARY


ITEM GRAND TOTAL
Upgrade Revenue + 26.41106354
Compensation Paid -5.54387960

COMPENSATION BEING PAID FOR NOTHING BUT RECRUITING OTHERS, AN ALMOST CERTAIN SIGN OF A PONZI/PYRAMID SCHEME. 20% of cash is going right back out the door just for signing people up.


Referrer Compensation Forfeited + 3.69999264

Or maybe not, why is it forfeited? People who stop paying monthly fees get the boot?

Flash Sale Revenue + 8.54668700
Flash Sale Payouts -17.20617382

SALES (especially at more than 50% retail to non members) make something not a pyramid. But hell does anyone consider a business that pays out TWICE what it takes in viable?


To Matrix Pools -7.95384488
TOTAL FOR OPERATIONS 7.95384488

Operations is a rather non transparent line item. We can be pretty sure 30% of revenue is ending up in someone's pocket. The "matrix pool" that IMO will never be paid out is nothing more than a Ponzi Payout which Aussie has just proven mathematically for the class. The only REVENUE he demonstrated was from UPGRADES. RETAIL IS NEGATIVE...

Aussie, I really hate to be flip, but at what point are you going to join reality on what this is? YOUR OWN NUMBERS PROVE WHAT EVERYONE HAS BEEN SAYING.

[Fat City, LA]

I call this hackjob Bullsh-t Billions pimped by Aussie Bullsh-tter.

[aussie_striker]

Perhaps I was a BitHasty in my last post.

Referrer Compensation Forfeited + 3.69999264

1. Or maybe not, why is it forfeited? People who stop paying monthly fees get the boot?

Flash Sale Revenue + 8.54668700
Flash Sale Payouts -17.20617382

2. SALES (especially at more than 50% retail to non members) make something not a pyramid. But hell does anyone consider a business that pays out TWICE what it takes in viable?


1. Compensation is forfeited where a member has not got a wallet address recorded. In other words there is nowhere to send the compensation to. In other words it is like someone that earns a commission for a sale and does not have anywhere that the company can send their money to.

2. You obviously do not understand what Bitfeud is all about. The flash sales give members the chance to buy half price bitcoins. That is why the payouts are double the revenue for that part. Bitfeud does not pay out double what it takes in at all if you look at all the figures.
The TOTAL FOR OPERATIONS 7.95384488 is basically the gross profit that Bitfeud has generated.
The To Matrix Pools -7.95384488 is the money that is allocated for the matrix when it gets to that stage. In other words that bitcoin is held with the portions from other sources ready to payout to members from the matrix. It is recorded as a negative because it is taken from Bitfeud and is not available within bitfued for anything else. Instead it is allocated for matrix commissions.

[Beacon]

1. Compensation is forfeited where a member has not got a wallet address recorded. In other words there is nowhere to send the compensation to. In other words it is like someone that earns a commission for a sale and does not have anywhere that the company can send their money to.

So you are basically claiming that really really clever investors join bitbillions and put money into it because the are so clever and can identify a really good investment but they neglect to provide any address or account where any payment can be made to them? S


2. You obviously do not understand what Bitfeud is all about. ...
The TOTAL FOR OPERATIONS 7.95384488 is basically the gross profit that Bitfeud has generated.


Profit being when revenue exceeds expenditure. So what is the SOURCE of this revenue? How much of it comes from people joining or upgrading "membership"? And what percentage comes from "other sources"?



it is allocated for matrix commissions.

i.e. for payouts to some people who are "members". By the way we have no way of knowing how such payouts are selected or whether they even happen. But what I want to know is what is the source of money coming in?

[ribshaw]

2. You obviously do not understand what Bitfeud is all about. The flash sales give members the chance to buy half price bitcoins. That is why the payouts are double the revenue for that part. Bitfeud does not pay out double what it takes in at all if you look at all the figures.
The TOTAL FOR OPERATIONS 7.95384488 is basically the gross profit that Bitfeud has generated.
The To Matrix Pools -7.95384488 is the money that is allocated for the matrix when it gets to that stage. In other words that bitcoin is held with the portions from other sources ready to payout to members from the matrix. It is recorded as a negative because it is taken from Bitfeud and is not available within bitfued for anything else. Instead it is allocated for matrix commissions.

Aussie, I understand what BITFRAUD is about, sorry I confused you with the gift card joke. Having people who are members participate to win 1/2 price Bitcoin is not a viable business model. Your own numbers prove it is a gimmick. Forget about actual retail.

POINT IS, you put up NUMBERS that prove this is a quasi Pyramid/Ponzi and YOU STILL DON'T GET IT. There is no RETAIL to speak of, and what you call GROSS PROFIT is simply funds generated from people's membership fees. Further the "matrix" money, well golly Sgt Carter that comes from membership fees too.

You really NEED to sit down with legal counsel and have them explain this to you. I fear unless this is an act you have an inability to comprehend what the law very clearly states and has been spelled out for you numerous times. You are not only promoting an unregistered investment without a license, you seem oblivious to the fact that you just proved this is a thinly veiled recruiting scam.

==========================================
As Tex would say, for the OTHERS reading this thread, here are some warning signs from the FTC on Pyramid Schemes. Of six warning signs BB meets all six so far as I can see.



1. Beware of any plan that makes exaggerated earnings claims, especially when there seems to be no real underlying product sales or investment profits

2. Beware of any plan that offers commissions for recruiting new distributors, particularly when there is no product involved or when there is a separate, up-front membership fee

3. If a plan purports to sell a product or service, check to see whether its price is inflated, whether new members must buy costly inventory, or whether members make most "sales" to other members rather than the general public. If any of these conditions exist, the purported "sale" of the product or service may just mask a pyramid scheme that promotes an endless chain of recruiting and inventory loading.

4. Beware of any program that claims to have a secret plan, overseas connection or special relationship that is difficult to verify.

5. Beware of any plan that delays meeting its commitments while asking members to "keep the faith." Many pyramid schemes advertise that they are in the "pre-launch" stage, yet they never can and never do launch. (Sounds a lot like Tagvillage)

6. Finally, beware of programs that attempt to capitalize on the public's interest in hi-tech or newly deregulated markets

Pyramid Schemes | Federal Trade Commission (http://www.ftc.gov/public-statements/1998/05/pyramid-schemes)

[Kleinzeit]

2. You obviously do not understand what Bitfeud is all about. The flash sales give members the chance to buy half price bitcoins. That is why the payouts are double the revenue for that part. Bitfeud does not pay out double what it takes in at all if you look at all the figures.
The TOTAL FOR OPERATIONS 7.95384488 is basically the gross profit that Bitfeud has generated.
The To Matrix Pools -7.95384488 is the money that is allocated for the matrix when it gets to that stage. In other words that bitcoin is held with the portions from other sources ready to payout to members from the matrix. It is recorded as a negative because it is taken from Bitfeud and is not available within bitfued for anything else. Instead it is allocated for matrix commissions.

My memory of Bitfeud was a layout like an old west shootout at the OK corral. I am familiar with games of chance, such as poker , where you go to a Casino, buy poker chips and - if you win - you can turn those chips back into cash.

In the instance of Bitfeud (which I am not even sure is still running) you presumably fund plays from your own account (which no doubt can be topped up) for the CHANCE to win bitcoins at a 50% discount. I have to imagine there is a cost to play - otherwise you are just retailing btc for half price - and there is no profit in that.

So, going back to basics, GBBG - which is now domiciled in The Ukraine - is a Texas registered company and comes therefore under US State and Federal laws. I was of the opinion that internet gambling was illegal in the States?

In any case, did bitbillions ever have a gaming license or dispensation to operate a game of chance as is described by Bitfeud?

[Beacon]

There is far too much info in the transparency area to post here
Just post the bit that shows where all the money going into the scheme comes from. Can you do that?

[busttheblock]

My memory of Bitfeud was a layout like an old west shootout at the OK corral. I am familiar with games of chance, such as poker , where you go to a Casino, buy poker chips and - if you win - you can turn those chips back into cash.

In the instance of Bitfeud (which I am not even sure is still running) you presumably fund plays from your own account (which no doubt can be topped up) for the CHANCE to win bitcoins at a 50% discount. I have to imagine there is a cost to play - otherwise you are just retailing btc for half price - and there is no profit in that.

So, going back to basics, GBBG - which is now domiciled in The Ukraine - is a Texas registered company and comes therefore under US State and Federal laws. I was of the opinion that internet gambling was illegal in the States?

In any case, did bitbillions ever have a gaming license or dispensation to operate a game of chance as is described by Bitfeud?

Very good questions. Let's watch aussie use his circle logic to answer them.

[NikSam]

...

So, going back to basics, GBBG - which is now domiciled in The Ukraine - is a Texas registered company and comes therefore under US State and Federal laws. I was of the opinion that internet gambling was illegal in the States? ....

Online gambling is illegal in Ukraine as well, since 2011.


As for Bitcoin, National Bank announced it as "not a legal tender", not registered as a payment service, and people were warned not to use it.

[aussie_striker]

My memory of Bitfeud was a layout like an old west shootout at the OK corral. I am familiar with games of chance, such as poker , where you go to a Casino, buy poker chips and - if you win - you can turn those chips back into cash.

In the instance of Bitfeud (which I am not even sure is still running) you presumably fund plays from your own account (which no doubt can be topped up) for the CHANCE to win bitcoins at a 50% discount. I have to imagine there is a cost to play - otherwise you are just retailing btc for half price - and there is no profit in that.

So, going back to basics, GBBG - which is now domiciled in The Ukraine - is a Texas registered company and comes therefore under US State and Federal laws. I was of the opinion that internet gambling was illegal in the States?

In any case, did bitbillions ever have a gaming license or dispensation to operate a game of chance as is described by Bitfeud?

Yes Bitfeud is still running, the difference is that instead of having a separate website for Bitbillions, Bitfeud, Iwantacar and Mybitcoinrewards, they were made into subdomains of bitbillions. So the design is now different, hence the old west shootout you speak of is no more.

The money that funds bitfeud is money that people are paying to have ads on bitfeud. It is as simple as that. Members that participate in the Flash Sales do not pay to participate. There are separate flash sales for premium members and free members though. Premium members are members that buy advertising on the site.

As for the gambling part, I don't think you can call something gambling when people do not pay to take part. Correct me if I am wrong on that but I am pretty sure that is how it works.

[Beacon]

The money that funds bitfeud is money that people are paying to have ads on bitfeud.


WHO is paying this? Have you examples? How much total revenue and how much comes from people buying adverts?
Where are these adverts to bee seen and how much is raised by them?


Members that participate in the Flash Sales do not pay to participate.

What is a "flash sale"? Does it involve someone paying money into bitfeud?
What is being sold?
Do members pay membership or is all membership free?



There are separate flash sales for premium members and free members though. Premium members are members that buy advertising on the site.


So all membership is free except premium membership?
So therefore the only revenue is from "buying adverts" i.e. premium membership subscriptions?

So where is the evidence of money coming from anywhere other than people paying to upgrade from free to premium membership?


As for the gambling part, I don't think you can call something gambling when people do not pay to take part. Correct me if I am wrong on that but I am pretty sure that is how it works.
Look you just don't seem to be getting it! It isnt for anyone here to correct you! That is called "shifting the burden" and is a fallacy. If you claim it it is for you to show it with supporting evidence. It is for you to show what you claim is true. So being "pretty sure" isnt really producing the transparency you claimed is it?
What are the figures for revenue from subscriptions?

[Beacon]

The money that funds bitfeud is money that people are paying to have ads on bitfeud. It is as simple as that.

Can you simply list the average payout and the NUMBER of people payed out and then list the actual adverts and whether the payment for adverts is on average higher than the average payout? If not then there is no money left over to either run the scheme or to pay for the running of it. I suspect the amounts payed in in subs are the vast majority of money in the scheme and the larger payouts go to "higher up" members who joined earlier and recruited a downline but that isnt an issue for this point.

[Whip]

WHO is paying this? Have you examples? How much total revenue and how much comes from people buying adverts?
Where are these adverts to bee seen and how much is raised by them?



Oh noes......the dreaded 'blind network' trick again.

[Whip]

So where is the evidence of money coming from anywhere other than people paying to upgrade from free to premium membership?


There isn't any. you're beating a dead horse.

[Kleinzeit]

The money that funds bitfeud is money that people are paying to have ads on bitfeud. It is as simple as that. Members that participate in the Flash Sales do not pay to participate.

Thank you for that explanation Aussie.

As you have noted all Bitfeud players are allowed to play as a courtesy for taking out adverts.

My question now becomes - Do all premium members who take out adverts exercise their right to participate in Bitfeud (and have the possibility of winning half price btc)?

[aussie_striker]

Thank you for that explanation Aussie.

As you have noted all Bitfeud players are allowed to play as a courtesy for taking out adverts.

My question now becomes - Do all premium members who take out adverts exercise their right to participate in Bitfeud (and have the possibility of winning half price btc)?

I can safely say that not all do, nor do they have to. Some may only be premier members because they want the traffic to their sites/advertisement links, they may not be interested in the other benefits. There is also a couple of other factors. Although the times change for the flash sales, for any given individual flash sale there will be some people in the world that the time does not suit. For instance I have not always participated because sometimes it has been during a time when I work or am asleep. The other factor is that some people may not have the bitcoin half required either. This does not stop them participating and they would still get the 100 GBBG points if they do.

[aussie_striker]

1. WHO is paying this? Have you examples? How much total revenue and how much comes from people buying adverts?
Where are these adverts to bee seen and how much is raised by them?

2. What is a "flash sale"? Does it involve someone paying money into bitfeud?
3. What is being sold?
4. Do members pay membership or is all membership free?
5. So all membership is free except premium membership?
6. So therefore the only revenue is from "buying adverts" i.e. premium membership subscriptions?
7. So where is the evidence of money coming from anywhere other than people paying to upgrade from free to premium membership?

Look you just don't seem to be getting it! It isnt for anyone here to correct you! That is called "shifting the burden" and is a fallacy.
8. If you claim it it is for you to show it with supporting evidence. It is for you to show what you claim is true. So being "pretty sure" isnt really producing the transparency you claimed is it?
9. What are the figures for revenue from subscriptions?

1. I just posted showing the answer to this

2. A Flash Sale is where they can qualify for the half price bitcoin, as it is explained on how to participate

The sale will begin at a random time within 15 minutes before to 15 minutes after the estimated time announced. You must be present on the page at the time the sale goes live in order to see the button and possibly win. Not all people that click the button will be winners. We will announce the winners immediately after the sale.
If you are a winner, you MUST pay for your Bitcoins within 48 hours. We will send our payment to the address on file on your My Profile page.

3. If you looked at the site you would have already known that, if you read the posts in this thread you would already know that. Obviously you don't take much notice of what is said and just post arguments. You , yes even you, can buy advertising on the site, of course you would have to sign up and pay the $5 premier upgrade to put your ad on the site. This is a good as guaranteed traffic to your link as many members are looking at the ads. Alternatively you could buy ads which show on the whole site but those cost more and are limited more, but this question was about Bitfeud by itself.

4. All members register free. If a member wants to get traffic and also qualify for more GBBG points as well as qualify for upgrade commissions, then they need to upgrade to premier in the earning sources ie Bitfeud, Iwantacar, Mybitcoinrewards etc. If someone wanted to advertise in the earning sources then they need to become a member first as mentioned above.

5. Yes

6. It is all on the transparency, however premier membership is paying for advertising on the site as mentioned. Any advertiser becomes a member to advertise, that is as good as outside revenue anyway. Let's try another analogy...Forget about the main site advertising and look at the premier membership. I think the word member is clouding your judgement here. Maybe it should be called an advertiser instead of premier member because that is what is being paid for, they do get other benefits though as well.

7. The evidence is om the transparency pages, as I said I have only shown you 2 pages of what is probably 100s of pages of transactions. Every bitcoin transaction is verifiable on the blockchain.

8. Ok, for your benefit here is the wiki definition of gambling

Gambling is the wagering of money or something of material value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Gambling thus requires three elements be present: consideration, chance and prize.
So based on that Bitfeud is not classed as gambling because nobody wagers money or anything at all for their change to win.

9. This was on the transparency given.

You seem to be going over the same points again and again even after they are explained to you. I understand exactly what you are saying and I have tried to give you as much as I can showing you why this is different. I understand the skeptism but seriously there is not really any more evidence any company could supply to prove they are legit.

[littleroundman]

So based on that Bitfeud is not classed as gambling because nobody wagers money or anything at all for their change to win.

C'mon David, now you're just being a complete idiot.

You know, I know and the Drovers' Dog knows what Bitcoin is doing requires a permit in Australia, at least.

Geez, at least TRY and appear like you know what you're talking about.

Bloody Wikipedia definition of gambling to prove your point, you idiot.

[Fat City, LA]

'The Hobbit' has less fantasy than Aussie Bullshi--er trying to make this one sound legit.
Thanks for the laughs.



1. I just posted showing the answer to this

2. A Flash Sale is where they can qualify for the half price bitcoin, as it is explained on how to participate


3. If you looked at the site you would have already known that, if you read the posts in this thread you would already know that. Obviously you don't take much notice of what is said and just post arguments. You , yes even you, can buy advertising on the site, of course you would have to sign up and pay the $5 premier upgrade to put your ad on the site. This is a good as guaranteed traffic to your link as many members are looking at the ads. Alternatively you could buy ads which show on the whole site but those cost more and are limited more, but this question was about Bitfeud by itself.

4. All members register free. If a member wants to get traffic and also qualify for more GBBG points as well as qualify for upgrade commissions, then they need to upgrade to premier in the earning sources ie Bitfeud, Iwantacar, Mybitcoinrewards etc. If someone wanted to advertise in the earning sources then they need to become a member first as mentioned above.

5. Yes

6. It is all on the transparency, however premier membership is paying for advertising on the site as mentioned. Any advertiser becomes a member to advertise, that is as good as outside revenue anyway. Let's try another analogy...Forget about the main site advertising and look at the premier membership. I think the word member is clouding your judgement here. Maybe it should be called an advertiser instead of premier member because that is what is being paid for, they do get other benefits though as well.

7. The evidence is om the transparency pages, as I said I have only shown you 2 pages of what is probably 100s of pages of transactions. Every bitcoin transaction is verifiable on the blockchain.

8. Ok, for your benefit here is the wiki definition of gambling

So based on that Bitfeud is not classed as gambling because nobody wagers money or anything at all for their change to win.

9. This was on the transparency given.

You seem to be going over the same points again and again even after they are explained to you. I understand exactly what you are saying and I have tried to give you as much as I can showing you why this is different. I understand the skeptism but seriously there is not really any more evidence any company could supply to prove they are legit.

[aussie_striker]

C'mon David, now you're just being a complete idiot.

You know, I know and the Drovers' Dog knows what Bitcoin is doing requires a permit in Australia, at least.

Geez, at least TRY and appear like you know what you're talking about.

Bloody Wikipedia definition of gambling to prove your point, you idiot.

You are kidding right...bitcoin is not confined to any country and each country is making laws and regulations in regards to bitcoin. Australia is supposed to be setting out something regarding bitcoin in the next couple of months. Until that happens there is nothing illegal about bitcoin in Australia. It will be interesting to see what stance Australia takes regarding bitcoin. Seems to be different in differnet parts of the world.

Still I do not know what that has to do with regard to the comment about bitfeud not being gambling.

[littleroundman]

Still I do not know what that has to do with regard to the comment about bitfeud not being gambling.

Yes you do, stop playing dumb.

You can call it wagering, gambling, games of chance or internet chook raffle or whatever you like, using whatever currency you like, but you can't do it in Australia without a permit

I actually feel sorry for the people behind Bitcoin who are struggling to establish it as a legitimate currency.

Even before legislators have had a chance to make up their minds how to handle the Bitcoin phenomenon, it has already become a hotbed for HYIPs, fraud, ponzis and criminals.

[Beacon]

1. I just posted showing the answer to this


i.e. the revenue "BITFEUD UPGRADE REVENUE" = people paying memberships according to you in 2014 in http://www.realscam.com/f8/bit-billions-bitbillions-com-2083/index12.html#post72539

was 11.11 up to June 2014 ( and it was 15.301) for all of 2013


They put the two years together to get 26.41106354

Upgrade Revenue + 26.41106354 = money coming in from members paid in by them
Compensation Paid -5.54387960 - kickbacks for recruiting people
Referrer Compensation Forfeited + 3.69999264 - not payed out because they didn't give a ID to pay so kickbacks =1.9
Flash Sale Revenue + 8.54668700 - more money from members paid by them +26.4= 35
Flash Sale Payouts -17.20617382 - probably to pals ( no way of telling) but listed as a payout nevertheless
To Matrix Pools -7.95384488 - total payout =17.2+8= 18 +1.9 to recruiters =~20
TOTAL FOR OPERATIONS 7.95384488 - money hived off for themselves ( why it takes 8/35 ~23% of the money to operate this scam I don't know but they skim off 23% for themselves anyway. Imagine putting $100 in the bank and the bank posting you account details and telling you your account has $77 now because it cost $23 to operate your account ? )

So thats 20+ 8 taken out which leaves about 7 left in the fund. But none of it is coming from anywhere other than people paying in. No advertising or any other source of income.

Anyway the point is where is there any revenue other than people paying into the scheme?


2. A Flash Sale is where they can qualify for the half price bitcoin, as it is explained on how to participate


i.e. they are paying money in. They can't then ask to have this money back it is paid in any stays in.


3. If you looked at the site you would have already known that, if you read the posts in this thread you would already know that. Obviously you don't take much notice of what is said and just post arguments. You , yes even you, can buy advertising on the site, of course you would have to sign up and pay the $5 premier upgrade to put your ad on the site. This is a good as guaranteed traffic to your link as many members are looking at the ads. Alternatively you could buy ads which show on the whole site but those cost more and are limited more, but this question was about Bitfeud by itself.

So other than "you should know that "i.e. no answer at all your answer to "what is being sold" i.e. what tangible asset in the real world is "advertising" but you post no evidence of any revenue from advertising. All the evidence you posted is about revenue from memberships. Given over 26 of the 35 which came in is from members paying "upgrades" which is in your words buying them adverts where are these adverts?. How many people are in this scheme ? Given 75% of the 35 is in these advert upgrades you should be able to produce thousands of examples of people benefitting from adverts but you cant even produce an ad?


4. All members register free. If a member wants to get traffic and also qualify for more GBBG points as well as qualify for upgrade commissions, then they need to upgrade to premier in the earning sources ie Bitfeud, Iwantacar, Mybitcoinrewards etc. If someone wanted to advertise in the earning sources then they need to become a member first as mentioned above.


i.e. the paid membership - membership upgrades which = 26 of the 35 coming into the scheme

How many "free members" who have not paid in anything have had payments made to them?


5. Yes


But you said premium membership requires payment so how is all membership free?
How many "free members" who have not paid in anything have had payments made to them?

If all members were free members then how would the scheme pay out?



6. It is all on the transparency,


Constantly restating unsupported claims does not make them true. the only revenue I can see from your figures is membership upgrades and flash sales bith of which are people paying their own personal money into the scheme. wher is ther any evidence of any other income?



however premier membership is paying for advertising on the site as mentioned. Any advertiser becomes a member to advertise, that is as good as outside revenue anyway. Let's try another analogy...Forget about the main site advertising and look at the premier membership. I think the word member is clouding your judgement here. Maybe it should be called an advertiser instead of premier member because that is what is being paid for, they do get other benefits though as well.


But it does not matter in this case WHAT they are paying for! Im asking WHAT are the sources of money coming into the scheme. You have shown it is only money paid in by members. You have not shown any other source of money coming into the scheme. How you got any?


7. The evidence is om the transparency pages,


Again this is an unsupported claim. If you claim unicorns did it you can claim the evidence is on the unicorn transparancy pages. You are being asked to reproduce the evidence here and show how it supports you claim. so far all you produced is evidence ( non verifiable or not audited by a credible source at that) showing all the money coming in from members and NOTHING coming from anythin other than people joining the scheme.


as I said I have only shown you 2 pages of what is probably 100s of pages of transactions. Every bitcoin transaction is verifiable on the blockchain.

the two pages were mostly anonymous addressess for claimed payouts. The few figures you did supply - five or six lines of them show that money comes from people joining the scheme. It does not show any money coming in from anywhere else!



8. Ok, for your benefit here is the wiki definition of gambling


So based on that Bitfeud is not classed as gambling because nobody wagers money or anything at all for their change to win.

Hmmm.
Let me see
Members pay into a scheme = money
some of them are payed out
What is the criterion /process by which they are paid? are they selected by age/race/religion/country/...?
Or are they selected randomly?
If not randomly then WHAT is the criterion for selection.
If randomny then = gamble.


9. This was on the transparency given.


Was it just under the invisible unicorns?

What you supplied says 35 came from people paying money into the scheme 26.4 from memberships and 8.4 from "sales" which is just more money from members. It is basically ALL from subscribersd. No evidence of any money from anywhere else!



You seem to be going over the same points again and again even after they are explained to you. I understand exactly what you are saying and I have tried to give you as much as I can showing you why this is different. I understand the skeptism but seriously there is not really any more evidence any company could supply to prove they are legit.

You have been show the law. Specifically if more than 50% comes from people joining the scheme you are in legal trouble. You own evidence shows 100% of revenue coming from joiners!
A company can provide audited accounts showing how much money comes in and out
Profit and loss Balance sheet and cahsfolw statements are commonplace for any business.
Articles of association or Memoranda of association. Registration details for the company. Staff members and their experience and qualifications could also be supplied. All these are quite normal. You have not supplied any and it seems you dont have a clue about due diligence which is why people keep repeating themselves.

[Beacon]

8. Ok, for your benefit here is the wiki definition of gambling
...Gambling thus requires three elements be present: consideration, chance and prize. ...
So based on that Bitfeud is not classed as gambling because nobody wagers money or anything at all for their change to win.


Condideration = money - Money IS paid in by members CHECK element 1
chance = selected randomly - how are people selected for payouts? If there are other criteria can you supply them? If you cant then the selection process is random. CHECK element 2
Prize = payout . CHECK element 3

Even the people who didnt get their prize because they dint supply an address are included here. In this case though maybe they are not gambling because they didnt take the prize but Bitfeud still is because it clearly is offering this prize.

In short if they offer money and they get money based on a random process it is gambling.
They certainly offer and get. Only the process is at issue. If it isnt random then care to tell us how people are selected for payment?

[Beacon]

You are kidding right...bitcoin is not confined to any country and each country is making laws and regulations in regards to bitcoin. ...
Still I do not know what that has to do with regard to the comment about bitfeud not being gambling.
It makes no difference if you are offering bitcoin dollars pounds roubles or whatever!
If something is paid in in bitcoin roubles or whatever that = consideration
If people are then selected randomly ( whether or not all take part ) and you have not shown any other selection process then it is a CHANCE.
If those people then WIN by being rewarded with bitcoin roubles or anything else it is gambling by YOUR definition.

[Kleinzeit]

The other factor is that some people may not have the bitcoin half required either. This does not stop them participating and they would still get the 100 GBBG points if they do.

Aussie I am just seeking clarification on the first sentence above - the "bitcoin half" - is that the 50% value in bitcoin that they must transfer to GBBG within 48 hours in order to claim their prize?

In any case, it scarcely matters whether every advertiser can or chooses to play. The matter in question is that GBBG is running a game of chance.

Now, I am OK with your wiki example of gambling being something that requires Consideration, Chance and a Prize.

Perhaps you are unaware that Consideration means anything of value - that could be cash, bitcoins, cowrie shells, an IOU, the deeds to your ranch - or even your expensive shirt - a la your last bet at Monte Carlo.

In YOUR case it means a right confered by advertising - see you can't play WITHOUT advertising and advertising COSTS - and the VALUE confered by that advertising fee (which is the right to play Bitfeud) is built into the cost overhead of advertising.

Oh, but you say not all advertisers gamble on Bitfeud, so how can this be an illegal game of chance?

Consider this: Lets say I decide to run an illegal bricks and mortar gaming house. But I don't charge punters to bet. Instead I stiff them a door charge. They can come inside, enjoy free drinks listen to the band, get to flash their business cards around - and play at my tables. Others, for instance floosies, also pay the door charge and they never gamble - they just come in to enjoy the "free" drinks have a night out and the chance to meet a high roller.

The place gets busted: I plead that it isn't gambling because no-one is paying to bet. The Judge thinks otherwise as the door charge is considered the revenue that is financing the game and all those punters are aiding and abetting an illegal gambling operation.

I remonstrate, saying this a victimless crime and no-one was caught in the act of gambling. But the prosecution presents FBI agent Dick Tracy who was present and placed bets and voila my goose is cooked.

So Aussie - GBBG is indeed running a game of chance, there is indeed a prize and participation does not come without consideration. Apart from the basic illegality, even the anonomymity offered by BTC will not be a help, as it would take little for an agent provocateur, from say the FBI or better yet the SEC to join in your fun and bring you all undone.

Food for thought.

[ribshaw]

Consider this: Lets say I decide to run an illegal bricks and mortar gaming house. But I don't charge punters to bet. Instead I stiff them a door charge. They can come inside, enjoy free drinks listen to the band, get to flash their business cards around - and play at my tables. Others, for instance floosies, also pay the door charge and they never gamble - they just come in to enjoy the "free" drinks have a night out and the chance to meet a high roller.

The place gets busted: I plead that it isn't gambling because no-one is paying to bet. The Judge thinks otherwise as the door charge is considered the revenue that is financing the game and all those punters are aiding and abetting an illegal gambling operation.

You gave the perfect example let's hope Aussie is finally able to understand and quits with his nonsense.

Aussie would have us believe he can set up a whorehouse, only charge for hair cuts, and claim he runs a barber shop. He is simply not qualified to give people advice on investing/gambling, and is getting them wrapped up in illegal activities.

[aussie_striker]

i.e. the revenue "BITFEUD UPGRADE REVENUE" = people paying memberships according to you in 2014 in http://www.realscam.com/f8/bit-billions-bitbillions-com-2083/index12.html#post72539

was 11.11 up to June 2014 ( and it was 15.301) for all of 2013


They put the two years together to get 26.41106354

Upgrade Revenue + 26.41106354 = money coming in from members paid in by them
Compensation Paid -5.54387960 - kickbacks for recruiting people
Referrer Compensation Forfeited + 3.69999264 - not payed out because they didn't give a ID to pay so kickbacks =1.9
Flash Sale Revenue + 8.54668700 - more money from members paid by them +26.4= 35
Flash Sale Payouts -17.20617382 - probably to pals ( no way of telling) but listed as a payout nevertheless
To Matrix Pools -7.95384488 - total payout =17.2+8= 18 +1.9 to recruiters =~20
TOTAL FOR OPERATIONS 7.95384488 - money hived off for themselves ( why it takes 8/35 ~23% of the money to operate this scam I don't know but they skim off 23% for themselves anyway. Imagine putting $100 in the bank and the bank posting you account details and telling you your account has $77 now because it cost $23 to operate your account ? )

So thats 20+ 8 taken out which leaves about 7 left in the fund. But none of it is coming from anywhere other than people paying in. No advertising or any other source of income.

Anyway the point is where is there any revenue other than people paying into the scheme?


i.e. they are paying money in. They can't then ask to have this money back it is paid in any stays in.

So other than "you should know that "i.e. no answer at all your answer to "what is being sold" i.e. what tangible asset in the real world is "advertising" but you post no evidence of any revenue from advertising. All the evidence you posted is about revenue from memberships. Given over 26 of the 35 which came in is from members paying "upgrades" which is in your words buying them adverts where are these adverts?. How many people are in this scheme ? Given 75% of the 35 is in these advert upgrades you should be able to produce thousands of examples of people benefitting from adverts but you cant even produce an ad?


i.e. the paid membership - membership upgrades which = 26 of the 35 coming into the scheme

How many "free members" who have not paid in anything have had payments made to them?


But you said premium membership requires payment so how is all membership free?
How many "free members" who have not paid in anything have had payments made to them?

If all members were free members then how would the scheme pay out?



Constantly restating unsupported claims does not make them true. the only revenue I can see from your figures is membership upgrades and flash sales bith of which are people paying their own personal money into the scheme. wher is ther any evidence of any other income?



But it does not matter in this case WHAT they are paying for! Im asking WHAT are the sources of money coming into the scheme. You have shown it is only money paid in by members. You have not shown any other source of money coming into the scheme. How you got any?


Again this is an unsupported claim. If you claim unicorns did it you can claim the evidence is on the unicorn transparancy pages. You are being asked to reproduce the evidence here and show how it supports you claim. so far all you produced is evidence ( non verifiable or not audited by a credible source at that) showing all the money coming in from members and NOTHING coming from anythin other than people joining the scheme.

the two pages were mostly anonymous addressess for claimed payouts. The few figures you did supply - five or six lines of them show that money comes from people joining the scheme. It does not show any money coming in from anywhere else!

Hmmm.
Let me see
Members pay into a scheme = money
some of them are payed out
What is the criterion /process by which they are paid? are they selected by age/race/religion/country/...?
Or are they selected randomly?
If not randomly then WHAT is the criterion for selection.
If randomny then = gamble.


Was it just under the invisible unicorns?

What you supplied says 35 came from people paying money into the scheme 26.4 from memberships and 8.4 from "sales" which is just more money from members. It is basically ALL from subscribersd. No evidence of any money from anywhere else!



You have been show the law. Specifically if more than 50% comes from people joining the scheme you are in legal trouble. You own evidence shows 100% of revenue coming from joiners!
A company can provide audited accounts showing how much money comes in and out
Profit and loss Balance sheet and cahsfolw statements are commonplace for any business.
Articles of association or Memoranda of association. Registration details for the company. Staff members and their experience and qualifications could also be supplied. All these are quite normal. You have not supplied any and it seems you dont have a clue about due diligence which is why people keep repeating themselves.

Wow you have managed to turn nearly everything here into a lie. Congratulations on a very good misleading and totally false representation of the previous information given.

[aussie_striker]

Aussie I am just seeking clarification on the first sentence above - the "bitcoin half" - is that the 50% value in bitcoin that they must transfer to GBBG within 48 hours in order to claim their prize?

In any case, it scarcely matters whether every advertiser can or chooses to play. The matter in question is that GBBG is running a game of chance.

Now, I am OK with your wiki example of gambling being something that requires Consideration, Chance and a Prize.

Perhaps you are unaware that Consideration means anything of value - that could be cash, bitcoins, cowrie shells, an IOU, the deeds to your ranch - or even your expensive shirt - a la your last bet at Monte Carlo.

In YOUR case it means a right confered by advertising - see you can't play WITHOUT advertising and advertising COSTS - and the VALUE confered by that advertising fee (which is the right to play Bitfeud) is built into the cost overhead of advertising.

Oh, but you say not all advertisers gamble on Bitfeud, so how can this be an illegal game of chance?

So Aussie - GBBG is indeed running a game of chance, there is indeed a prize and participation does not come without consideration. Apart from the basic illegality, even the anonomymity offered by BTC will not be a help, as it would take little for an agent provocateur, from say the FBI or better yet the SEC to join in your fun and bring you all undone.

Food for thought.

Sorry, you missed the most important part somehow, or conveniently left it out to make something totally opposite of the truth.
FREE members that have not upgraded are able to take part as well. So there is no 'consideration' from them. Hence it negates what you have said. As mentioned it makes what you said the opposite and thus defeats the point you have made. This is also not considering the other benefits that premium members get as well.

[aussie_striker]

Condideration = money - Money IS paid in by members CHECK element 1
chance = selected randomly - how are people selected for payouts? If there are other criteria can you supply them? If you cant then the selection process is random. CHECK element 2
Prize = payout . CHECK element 3

Even the people who didnt get their prize because they dint supply an address are included here. In this case though maybe they are not gambling because they didnt take the prize but Bitfeud still is because it clearly is offering this prize.

In short if they offer money and they get money based on a random process it is gambling.
They certainly offer and get. Only the process is at issue. If it isnt random then care to tell us how people are selected for payment?

1. Free members are not paying so point one is defeated.
2. The amount selected for payouts varies. It has been between 4 and 20. The ones that get the payout are not Random, it is the first people that click the button when it appears. Those that click it after the number of payouts has been reached already but before it disappears are awarded 100 GBBG points. So in a way everyone that participates actually wins. Because it is not randomly selected point #2 is defeated.
3. Prize = Payout, yes this check is confirmed

So it only satisfies 1 of the 3 checks to be classed as gambling. Maybe you guys did not understand the way bitfeud works, maybe you just want to argue anything that I say. Facts are facts no matter how much you guys try to distort and manipulate them to make them sound the way you want. You keep saying that I have been caught out in lies yet the amount of lies you guys are putting out about GBBG could fill a book. I doubt any of you have even tried to understand what the company is trying to do or understand how it works. There is more going on behind the scenes that will take time to be released but according to you guys that is all just made up lies. I can tell you it isn't.

Considering this forum is supposed to help people regarding scams identifying, and exposing. It does seem strange that nobody here has really taken the time to try to understand the truth, or seems to have any possible consideration that any company that appears on this forum could possibly be legit. Instead there seems to be many slanderous accusations with false information and twisted facts. Even when given information that would give credence to a company it is just dismissed as being made up out of thin air.

[Kleinzeit]

Sorry, you missed the most important part somehow, or conveniently left it out to make something totally opposite of the truth.
FREE members that have not upgraded are able to take part as well. So there is no 'consideration' from them. Hence it negates what you have said. As mentioned it makes what you said the opposite and thus defeats the point you have made. This is also not considering the other benefits that premium members get as well.

In fact Aussie, it matters little that free members can play - Casinos also pass out complimentary chips for promotional purposes - it's called a "loss leader'. Oh, and by the way - you are not running this game solely for the benefit of free members.

In any case, your free members who may win are either likely to only pick up brownie points - unless of course they can muster the 50% in 48 hours required to claim the btc prize . It suits your purpose to allow free members to play, as it may finally place them on the (misguided) path to full paid membership. Of course, if they were to win and stump up the 50% in order to claim the games central prize - that would satisfy consideration - no matter what their membership status.

Point is, GBBG is a for profit organisation - this game offers a prize that has recognised value and you are not giving it away for altruistic purposes. The prize value is funded by advertising or aggregated from membership funds. The cost of running this game does not come from thin air. So there is no trouble in making a case that this is enterprise is an illegal gambling operation.

[busttheblock]

This is nothing more than Tagvillage 2.0 where these scammers run all sorts of bogus promotional games in order to con people out of their hard earned money!

[Beacon]

Wow you have managed to turn nearly everything here into a lie. Congratulations on a very good misleading and totally false representation of the previous information given.

I quoted the source YOU SUPPLIED! Can you show how that source shows substantial money coming in from anywhere
other then members paying in money? By substantial I mean "more than half" . In the stats YOU PROVIDED zero seems to come from other sources and 100% from members. In what way is ther any false representation ? YOUR OWN FIGURES state "flash sales" and "upgrade" as the ONLY source of revenue. Both of these are money being paid in by members. You have supplied no other evidence so your evidence clearly shows money from members and not from another source hence it is a pyramid/ponzi.

Constantly repeating the mantra "but it is a legit business" does not make it so!
That tactic may work on gullible victims but her we require evidence.
You have provided scant evidence but the paltry amount you have supplied clearly indicate money coming from members. There is no evidence of revenue from anywhere else!

[Beacon]

Sorry, you missed the most important part somehow, or conveniently left it out to make something totally opposite of the truth.
FREE members that have not upgraded are able to take part as well. So there is no 'consideration' from them. Hence it negates what you have said.


Wrong!
The fact that some members might get awarded a prize without consideration being offered by them does not negate the fact that OTHERS did offer consideration. So it does not negate it being gambling!

You have been clearly shown that fact that floozies come into a casino and hang around without gambling does not mean the casino stops being a casino because some people dont spend money. Even if the floozies are told they need not spend money and will winn any money should the roulette wheel land on zero without paying any money or putting anything on the table ( I am referring to money and not body parts here) the place will still not cease to be a casino!


As mentioned it makes what you said the opposite and thus defeats the point you have made. This is also not considering the other benefits that premium members get as well.

The fact that some people might win without paying to join does not make the gamble into not a gamble.
What would make it into a non gamble is if NOONE paid any money into it. So if they pay out without tqaking in any money from anyone and therefore no consideration then it is not gambling.
Now can you explain how they might be capable of paying out if no actual money is coming in?

[Beacon]

1. Free members are not paying so point one is defeated.

A single person paying is sufficient to support my point no matter how many don't pay.


2. The amount selected for payouts varies. It has been between 4 and 20. The ones that get the payout are not Random, it is the first people that click the button when it appears. Those that click it after the number of payouts has been reached already but before it disappears are awarded 100 GBBG points. So in a way everyone that participates actually wins. Because it is not randomly selected point #2 is defeated.

How is when it appears determined?
If not randomly please explain then mechanism.
If randomy then it is CHANCE.



3. Prize = Payout, yes this check is confirmed


So your point 1 and 3 being corrected your only get out is it is not a random process. so what determines exactly when the button appears?



So it only satisfies 1 of the 3 checks to be classed as gambling.


How quick you are to press a bitton may be skill but what determines when this button appears?
You get these chance games all the time on radio e.g. the fifth caller to call in with the right answer or "we will draw all the people who won our daily question for a weekly prize" Answering the question requires knowledge or skill but being fifth or a weekly winner is CHANCE.



Maybe you guys did not understand the way bitfeud works, maybe you just want to argue anything that I say.


Again and again you have been told it isnt for us to explain butfued. It is for YOU who claim it is a business to provide supporting evidence! So for you havent really supplied anything convincing.


Facts are facts no matter how much you guys try to distort and manipulate them to make them sound the way you want.


The fact is YOU supplied evidence showing the only revenue is from members paying into the scheme!


You keep saying that I have been caught out in lies yet the amount of lies you guys are putting out about GBBG could fill a book. I doubt any of you have even tried to understand what the company is trying to do or understand how it works.


You claimed it is all very simple and transparent but now you seem to pretend you never said that and it is very difficult to understand. We only asked you for evidence for this "easy to understand " scheme. All you suupplied was claim about it being legit and claims about it being simple. Then when pressed you provided the only evidence so far. Thiose figures show revenue as money from members and no other revenue as you claimed.


There is more going on behind the scenes that will take time to be released but according to you guys that is all just made up lies. I can tell you it isn't.


Again "I can tell you" isnt actual evidence! It is simply another unsupported claim. Please look up "Argument from Authority" you will find it under "logical fallacy". furthermore "there is more going on behind the scenes" is a total contradiction of your earlier claims of it being simple and transparent.



Considering this forum is supposed to help people regarding scams identifying, and exposing. It does seem strange that nobody here has really taken the time to try to understand the truth, or seems to have any possible consideration that any company that appears on this forum could possibly be legit.


We arent talking about ANY company. we are discussing YOUR schene Bitbillions. You havent produced ANY evidence of it being a company registered anywhere. Claiming to have the truth without providing evidence does not mean you have the truth. In fact any reasonable person will have to conclude your empty claims have not proved Bitbillions to be a legit business.
Also look up "sweeping statement" You cant conclude that because you have been unable to support your claim ythat CBBG is legit that all the RS apply this conclusion to claims about all companies on RS.



Instead there seems to be many slanderous accusations with false information and twisted facts. Even when given information that would give credence to a company it is just dismissed as being made up out of thin air.

It probably is made up out of thinki air but the evidence you supplied shows on;ly income from members.
I suggest you look up the difference between "slander" and "libel"
If any claims are being made which in your opinion damage the reputation of CBBG please get on to them and ask for the name oif their legal representatives and I would be happy to fact them in a court. Can you supply the names of their lawyers? Shyster Flywheel and Shyster perhaps?

[Whip]

maybe you just want to argue anything that I say.
now you're catching on. it's what scammers do.....especially when they can't prove their scam isn't a scam.

[littleroundman]

Instead there seems to be many slanderous accusations with false information and twisted facts.

HeHe,

the next time a HYIP ponzi pimp or HYIP ponzi owner gets anywhere near a court or law enforcement agency alleging he / she has been slandered or libeled will be the first time.

Can you imagine:


"Err, yes your honour, those rotters at REALSCAM.com (http://www.realscam.com) besmirched my good name and damaged my business by calling my ponzi a ponzi

Why, sure, I'd be happy to produce my business plan and accounts, threads from the Talkgold and MMG HYIP ponzi forumsand screen grabs to prove my innocence

Discovery ???

No problems."

Yeah, right.

[aussie_striker]

now you're catching on. it's what scammers do.....especially when they can't prove their scam isn't a scam.

So you are calling yourself a scammer now...you guys have no end of surprises.

[aussie_striker]

HeHe,
the next time a HYIP ponzi pimp or HYIP ponzi owner gets anywhere near a court or law enforcement agency alleging he / she has been slandered or libeled will be the first time.

Can you imagine:
Yeah, right.

The one big problem with that statement is when you slander a company that is not a ponzi/hyip. Then you can find yourself in trouble for calling it one.

[littleroundman]

The one big problem with that statement is when you slander a company that is not a ponzi/hyip.

Which nobody has done and why no one is the least bit worried about calling BitBillions a fraud, scam, ponzi or pyramid.

In fact, I can guarantee you there are multiple posters here and on other similar forums who would like nothing more to face off with those behind BitBillions in a courtroom, ESPECIALLY when it came to discovery time.

Pity is, it ain't gonna happen in this lifetime.

[Beacon]

Which nobody has done and why no one is the least bit worried about calling BitBillions a fraud, scam, ponzi or pyramid.

In fact, I can guarantee you there are multiple posters here and on other similar forums who would like nothing more to face off with those behind BitBillions in a courtroom, ESPECIALLY when it came to discovery time.

Pity is, it ain't gonna happen in this lifetime.

Given Aussie just alleged that any real company would have you in court and sue you for such statements that in itself is evidence that Botbillions is a scam.

But let me take a different tack and ask aussie directly

What would convince you BitBillions or any of the other things you promote is a scam?
What would you convince you it is a legit business?
If I can suppl;y you with the same level of support for my "magic beans operated by invisible unicorns" business would you pay money into it or into a charity nominated by me if I achieve the same level of legitimacy?

I guess we could call it something like the Realscam Pastafarian Investment Fund for Charity asking only for funds when they achieve the same level of legitimacy as claims made and criteria achieved by others as to being a legitimate business.

[Whip]

The one big problem with that statement is when you slander a company that is not a ponzi/hyip. Then you can find yourself in trouble for calling it one.

when can we expect that exactly?

[Fat City, LA]

7836

Wonder how many members of the 100k they claim are from micojobs.