how will you like to be a millionaire student, never having to bother your parents again and pursuing your academic dreams to the highest level without ever bothering about how to raise money for it.

i have the formula. do you have a whatsap no. and a gmail ac. then join my millionaire whatsap club. send your emails with your whatsap no. to newbillionaire2014@gmail.com. there is no time to waste. we are moving to the top

Hello Benodic,

I am one of those that admire many of your posts, and was among the first one to commend your financial advices. Since my previous comment may have pushed many to embrace the system presented in your whatsapp seminars, I felt I have a moral obligation to air my views on the topic. This is just my opinion, and everyone should be free to follow his or her own intuition.

Money is in my opinion not an end in life, but a mean to the end, and the manner in which we acquire the money matters.

Multi level marketing (or MLM) is in my opinion incorrect and contrary to Justice and love. Yes it can turn some few into milionnaires, but is doomed to make many more loose their initial investment. Therefore, at some point some will definitely get rich from defrauding others.
The fundamental problem with MLM programs, no matter the low investment and high return on investment they suggest, is what is called the Ponzi Scheme.

http://www.investopedia.com/terms/p/ponzischeme.asp
https://en.wikipedia.org/wiki/Ponzi_scheme

For instance, when in a MLM Program Each person is asked to recruit at 3 other people in other for the process to continue, we will get :
- One person
- 3^1 = 3 people
- 3^2 = 9 people
- ...
- 3^21 = 10,460,353,203

It can be seen easily that already at the 21th level, for the system to perpetuate it would require more than 10 billion people which is far more than the whole population of the earth. It means that, even if the whole world would suscribe to any particular MLM program, it would still not suffice for any one to get promised results.

That’s why MLM programs of any kind are morally wrong. They are mathematically impossible to sustain, and will necessarily at some level defraud the last batch of people, which are the majority. It is therefore in my sensing morally and even legally in some countries (like in Europe) unjust to enrich oneself that way. Only those at the very top, or who joined early enough, collect a lot of money from the misfortune and gullibility of others.

I repeat again, My intend is not to bash anyone. People should be free to do whatever they want to do with their money. But let it be clear that I do not commend a program that will necessarily defraud people’s money, even if it is a low as 1k. Anyone can do his own research and come to his own conclusions.

Cheerful greetings.

@ loj

thanks so much for airing your concerns .

the system that was presented is not a ponzi scheme. it is a person to person co-operative network where people come together and help each other grow and it has an end point where the person circles out and so does not continue ad infinitum.

you find that to achieve success in business you need to learn how to work with others.

for what I was trying to achieve, the mindset of co-operating , trust, and helping others to grow is paramount while the money involved is just the incentive .

the experience gathered in networking is priceless and helps the individual in successfully mastering other business models more easily. this is just a tip of the iceberg of what I have in store for the youth and it still remains my Passion to see that the youth of today are financially independent and can hold their own in today society .

remain blessed

benodic:
@ loj
thanks so much for airing your concerns .

the system that was presented is not a ponzi scheme. it is a person to person co-operative network where people come together and help each other grow and it has an end point where the person circles out and so does not continue ad infinitum.

Hello Benodic,

I forgot to answer this your response.

Indeed, I respect each person's right to engage in whatever he values as profitable. I only spoke out because, I felt like many people joined in the program because of my former post. I therefore had the responsibility to air my view. And mukhcech has proven that, indeed, some joined because of my statement.

No, the system you present is a Ponzi scheme. It does not matter that people at some point get out of the circle - it is true for many MLM programs -. The fact of the matter is, each person is to recruit n number of people who will pay. This creates an exponential growth whose formula a l level is n^l. As I have already demonstrated, there necessarily comes a point where the system can no longer expand, and when that point is reached, all the people from that layer lose their investment. And it is always the majority. And those of the former layers who will not see the promised amount as a consequence, are not even taken into account in this calculation.

Again,if the program is to teach the youth various skills, you are free to do so, and they are free to join. It is only my humble opinion, that a system based on a Ponzi scheme, is necessarily incorrect. Of course you may agree or disagree with me.

To sum up, I am a student of finance and investment, whether at the University or in real life. I quite know a bit about this. But I may still be mistaken. Hence, If you want to demonstrate that this is not a Ponzi scheme, please do so arithmetically by deconstructing the mathematical table I made in my first post. That way it can be crystal clear for me and everyone. Of course you are not obliged to.

Greetings dear Benodic.

op pls can you send me the bitcoin e-manual, my email is shekt4@gmail.com

benodic:
@ loj

thanks so much for airing your concerns .

the system that was presented is not a ponzi scheme. it is a person to person co-operative network where people come together and help each other grow and it has an end point where the person circles out and so does not continue ad infinitum.

you find that to achieve success in business you need to learn how to work with others.

for what I was trying to achieve, the mindset of co-operating , trust, and helping others to grow is paramount while the money involved is just the incentive .

the experience gathered in networking is priceless and helps the individual in successfully mastering other business models more easily. this is just a tip of the iceberg of what I have in store for the youth and it still remains my Passion to see that the youth of today are financially independent and can hold their own in today society .

remain blessed

sir pls can you send me the bitcoin investment e-manual my email is shekt4@gmail.com

benodic:
@ loj

thanks so much for airing your concerns .

the system that was presented is not a ponzi scheme. it is a person to person co-operative network where people come together and help each other grow and it has an end point where the person circles out and so does not continue ad infinitum.

you find that to achieve success in business you need to learn how to work with others.

for what I was trying to achieve, the mindset of co-operating , trust, and helping others to grow is paramount while the money involved is just the incentive .

the experience gathered in networking is priceless and helps the individual in successfully mastering other business models more easily. this is just a tip of the iceberg of what I have in store for the youth and it still remains my Passion to see that the youth of today are financially independent and can hold their own in today society .

remain blessed

Pls may I have the Bitcoin manual as well?
macdestiny@yahoo.com

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