Thread: Bit Billions - bitbillions.com

Aussie, thank you for taking the time to respond.

To clarify a few points of my original post the "BB" I was referring to was Banners Brokers, which I still have no idea how it works, again other than recruiting. The $250,000 hack was in fact in real dollars from a Bitcoin wallet. Although you do bring up another good point, if my bank account, brokerage account, or credit card is hacked I have full recourse with very limited liability. Not to overstate a point but to truly become a recognized currency for world wide commerce this would really need to be addressed.

In the second order of importance in my mind it seems you would need vendors who accept bit coins and not founders to adopt the technology. The only application I see other than a few Sovereign Citizens who don't trust the government and a few techies would be for industries where customers may want discretion like porn or shells who want to launder money. Other than discretion, why bother? Unless of course it is speculation.

I found a chart in Wired magazine of the value of bit coins converted to real currency and it looks like any other speculative bubble, from Tulip Mania to the DotCom. It peaked and crashed in 2011 and now appears to be on the rise again according to an online calculator. If people want to speculate, fine, but it never ends well for the (m)asses.

As for Dish Network, lots of companies give referral fees but they don't make you a "founder" or "owner", they give you a little bonus to save them the real cost of obtaining a new user. It costs most businesses several hundred dollars to obtain a new customer, so $50 is a deal for them. And goes to my previous point that unless the sole goal is endless recruiting it just does not make financial sense to bring in $50 accounts as they cost more to service than they generate in revenue.

To me it seems overly complex and a gamble that I can recruit others who can recruit others and/or flip my bitcoins to someone at a higher price. That just does not seem like a real business model other than for the get rich quick crowd. So I would say if you don't want your business promoted in the ponzi forms you should change your model. Focus your time on signing up vendors who want to be paid in bitcoins, and then figure a reason the general public would adopt their use.

If a program without product or service needs desperately affiliates to progress,You can bet it's a scam for the simple reason it must sell illusions instead of the product.If you want to get money from illusions then better play lottery - at least you know what are you dealing with....and....stay bloody away from complcated to understand programs...remember...it's not complicated without reason...no

There is a difference when the product you have relies on peer to peer and to that end requires a certain amount of users to make it work properly. I believe that is the issue here. As for being complicated, the only complicated part is getting a bitcoin. That is only complicated because most new members have never done it before.

Originally Posted by ribshaw

Aussie, thank you for taking the time to respond.

To clarify a few points of my original post the "BB" I was referring to was Banners Brokers, which I still have no idea how it works, again other than recruiting. The $250,000 hack was in fact in real dollars from a Bitcoin wallet. Although you do bring up another good point, if my bank account, brokerage account, or credit card is hacked I have full recourse with very limited liability. Not to overstate a point but to truly become a recognized currency for world wide commerce this would really need to be addressed.

In the second order of importance in my mind it seems you would need vendors who accept bit coins and not founders to adopt the technology. The only application I see other than a few Sovereign Citizens who don't trust the government and a few techies would be for industries where customers may want discretion like porn or shells who want to launder money. Other than discretion, why bother? Unless of course it is speculation.

I found a chart in Wired magazine of the value of bit coins converted to real currency and it looks like any other speculative bubble, from Tulip Mania to the DotCom. It peaked and crashed in 2011 and now appears to be on the rise again according to an online calculator. If people want to speculate, fine, but it never ends well for the (m)asses.

As for Dish Network, lots of companies give referral fees but they don't make you a "founder" or "owner", they give you a little bonus to save them the real cost of obtaining a new user. It costs most businesses several hundred dollars to obtain a new customer, so $50 is a deal for them. And goes to my previous point that unless the sole goal is endless recruiting it just does not make financial sense to bring in $50 accounts as they cost more to service than they generate in revenue.

To me it seems overly complex and a gamble that I can recruit others who can recruit others and/or flip my bitcoins to someone at a higher price. That just does not seem like a real business model other than for the get rich quick crowd. So I would say if you don't want your business promoted in the ponzi forms you should change your model. Focus your time on signing up vendors who want to be paid in bitcoins, and then figure a reason the general public would adopt their use.

Ah Banners Broker, I still get asked to join in fact I was asked last night. I always thought of it as a well disguised ponzi that made people use their earnings to progress further, thus reducing the liability to the company and prolonging its use by date. I must admit I haven't looked lately and they have exceeded the time I expected them to last. Maybe it is the one program that defies my prediction of ultimate failure. Every other one I predicted in the last 2 years is already dead.

Yes easy to find chart of the value. The stockmarket chart probably looks the same but plenty follow it. Same with a lot of currency charts. An interesting article I found just today about the value is worth a read The Target Value For Bitcoin Is Not Some $50 Or $100. It Is $100,000 To $1,000,000. - Falkvinge on Infopolicy

I still dont understand your point about the referral commissions. You talk about the sole goal of endless recruiting but the goal is getting a big enough membership to launch the products. You seem to be talking about it without the products in mind. Also I have no idea what costs there would be to service an account. I don't see there being any cost.

Your last paragraph once again seems to miss the point again. You are talking about this with no products in mind. I agree with you if there was no intention to make a product then this would just be a ponzi. Flipping bitcoins is not part of the business at all but sure people probably do that. I doubt members joining bitbillions would be confident enough to deal with bitcoins in that way. Others in the bitcoin community might be. Your last setence is all about bitcoins and what they are doing...maybe you have bitcoins mixed up with bitbillions.

To recap in regard to GBBG revenue and products;

Members will not be required to spend money on products or services in order to earn their share of GBBG’s revenues. Revenue will be generated through advertising, premium communication services, payment processing, currency exchanges, sales of books, sales of music, sales of movies, and many other income producing mediums. Members simply earn money by using the FREE technology. Some of our FREE services will include:

Communication with anyone, anywhere in the world, including unlimited global telephone calling
Access to the largest database of music, movies, and books on earth
Global payment processing, currency exchange, and banking with NO FEES
Much, much more

[QUOTE=aussie_striker;47740]There is a difference when the product you have relies on peer to peer and to that end requires a certain amount of users to make it work properly. I believe that is the issue here. As for being complicated, the only complicated part is getting a bitcoin. That is only complicated because most new members have never done it before.

My assessment is it is overly complicated because it makes people think they are getting in on something huge. I reread the thread last night including the advertising piece initially posted. To me the first two paragraphs say absolutely nothing, just a bunch of run on cyber babble. It could be that I am just a dinosaur, but can you actually explain it in a short easy to understand manner?



Yes easy to find chart of the value. The stockmarket chart probably looks the same but plenty follow it. Same with a lot of currency charts. An interesting article I found just today about the value is worth a read The Target Value For Bitcoin Is Not Some $50 Or $100. It Is $100,000 To $1,000,000. - Falkvinge on Infopolicy

This is an interesting side discussion, I can find the same predictions for gold, google, and beanie babies. And you can be sure I will follow the speculation aspect as I find it fascinating.


I still dont understand your point about the referral commissions. You talk about the sole goal of endless recruiting but the goal is getting a big enough membership to launch the products. You seem to be talking about it without the products in mind. Also I have no idea what costs there would be to service an account. I don't see there being any cost.

Two things, right now there are no products only promises of products. "Pig in a Poke", the only thing any of us are sure of at this point is you can be paid to recruit. Any idea how many programs never get any further than that? This would have been huge in 1997. The second is just generating 1099s or similar tax forms costs a business money, never mind the accounting and compliance across borders. The only way this is not a cost, is if you don't plan on being in compliance with local laws and are just running a script.

Your last setence is all about bitcoins and what they are doing...maybe you have bitcoins mixed up with bitbillions.


You are right, but they seem to be joined at the hip, unless the founders are just trowing "BIT" into the mix they way everyone used to throw ".COM" on the end of every crappy business in the world to raise funds.

Your last setence is all about bitcoins and what they are doing...maybe you have bitcoins mixed up with bitbillions.


You are right, but they seem to be joined at the hip, unless the founders are just trowing "BIT" into the mix they way everyone used to throw ".COM" on the end of every crappy business in the world to raise funds.

bits, that is what is about - but BitBillions is different...

I am not really sure what to make of Aussie Stiker. It appears at a minimum he is an insider on these deals, if not the owner playing a dupe. I checked out a few of the slopportunities from his MMG page.
http://earthinv.com/?ref=tagvillage First to post and it is done.
www.litecycler.com First to post and it is done.

Something called Tag Village that was in prelaunch last year, had a brief thread at MMG Tagvillage that lasted two days, and now appears to be back in prelaunch. He also has a blurb on his blog about a loan paying 10% for Tag Village where you will talk to the "owner first".

So here is what I see, everything he offers is in pre launch, they seem to have the life expectancy of a house fly, and he seems to know quite a bit more about the programs than your average Joe. So Aussie, are you the owner or just an insider? Either way, my bet is BitBillions gets as far off the ground as an Ostrich with a running start.

Originally Posted by ribshaw

I am not really sure what to make of Aussie Stiker. It appears at a minimum he is an insider on these deals, if not the owner playing a dupe. I checked out a few of the slopportunities from his MMG page.
http://earthinv.com/?ref=tagvillage First to post and it is done.
www.litecycler.com First to post and it is done.

Something called Tag Village that was in prelaunch last year, had a brief thread at MMG Tagvillage that lasted two days, and now appears to be back in prelaunch. He also has a blurb on his blog about a loan paying 10% for Tag Village where you will talk to the "owner first".

So here is what I see, everything he offers is in pre launch, they seem to have the life expectancy of a house fly, and he seems to know quite a bit more about the programs than your average Joe. So Aussie, are you the owner or just an insider? Either way, my bet is BitBillions gets as far off the ground as an Ostrich with a running start.

Yes it is hard to be first to post on some of the forums. The two programs mentioned above Earthinv and litecycler, were both cycler programs..To be honest, my opinion is cycler programs suck. However about 2 years ago there was a period when they were quite popular, so yes I partook in them and made a little money there. Those types of programs typically have a very short shelf life. Both are long dead. I do not claim to have never been involved with programs that were not good, with those I do say they are high risk and people need to know they can stop at any time.

Tagvillage is a different story. It began with the plan of launching as a social/search/advertising network. Timing was bad with the GFC happenning around the same time causing two big investors to pull out just as they were starting. They did go into prelaunch and built a tag trading platform which is still running now and is far improved from when it started. They also built a penny auction platform at one stage as they saw the popularity of that but they decided to discontinue that a few months later for a couple of reasons, mainly that the profits were mostly going to the big corporations and that went against the ethics of the company.

In late 2011 tagvillage made a new business plan and decided the social and search components they were going to build would not be able to better the big companies like facebook or Google. They decided that the advertising network was something they could build in a way that could gain significant share due to future focused concepts. Since then they have focused on that side of the business. The main challenge was that they were operating on a shoestring budget. Despite that they have continued to operate and at the start of this year set a launch date for the advertising platform in April. They are working on some bugs in the advertising widgets currently. The widgets are available to put on sites now but are still undergoing testing. The plan is to fix the bugs and still to have the official launch in April. It has to be one of the most underated companies around atm. If they had decent capital they would have finished everything and launched long ago.

The part where you could get a 10% return on a loan and would talk to the owner. Yes that was the case. tagvillage have brought out many promotions and the 10% return (per annum) was one of them. There would be proper contracts signed and the owner/CEO David Ruebush stated that he would talk personally with anyone doing it.

I have been involved with other programs, Zeek (who wasn't), iWowwee which is still going and is a more standard mlm setup. TFT, although I didn't really continue with that once it changed. Paradoxcash I put $2 in for a founder position and must admit they haven't done a bad job of putting together some basic tools, although it is not growing great. Hopefully it will meet targets so that I can earn from it. So yeah I have tried a few things, some work, some don't. I don't mess with people though, if I think something is high risk and likely to fall over, I tell them.

I was vocal about JBP being a ponzi and copped criticism for that from its devoted followers. I did have a position only because someone wanted to buy me into it. I didn't promote it at all though. Profit clicking is another one that is basically the same crap, and now they are pushing another one out there to the masses.

So I have been around long enough to know what's what. I am good with numbers and it is very easy to tell when the numbers do not add up. I don't claim to be perfect but I am normally good with my predictions. Sometimes they take a bit longer to be fullfilled. JBP lasted about a year longer than I expected. Banners Broker is still going strong and I thought it would fall in a heap as well. So either they are doing something right or their members are keeping enough money within the program to prevent it crashing. Tagvillage I have always had faith in and the payoff for that will be later this year. BitBillions is another that I believe can make a difference. I have talked to a couple of people that know more about the internet and technology than me and they are very excited about what this could do.

I have never been an admin of my own program. That is something I would like to do sometime but getting one off the ground would be difficult I think. I have the ideas, making them a reality is another matter.

So now you know where I come from, I don't try to hide, I don't try to take advantage of anyone, I will promote what I think is good.

It's lucky I am a patient man and very forgiving. For all the crap I have received from promoting BitBillions I still believe I will have the last laugh. It is so early on that many cannot see it that way and I don't claim it will happen in 1-2 months. More like 1-2 years and then there will be some people who will look back and wish they weren't so narrow minded.

Time will prove I am right.
I know many will say I'm deluded in thinking so but I know the difference in what I am backing here.