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Chemystery's Posts

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Science/TechnologyRe: Cool Maths Fact You Never Knew by chemystery: 2:18pm On Dec 31, 2016
younggenius1:
15. from 1 to1000,the letter A only appear in 1000
Wrong... It is from 1 to 100 cos letter A appears in 101 (One Hundred And One)
Science/TechnologyRe: How Do Numbers Convert To Airtime? by chemystery: 2:12pm On Dec 31, 2016
If you are so curious to ask this question, why not consider a degree in Electrical/Computer Technology?
Dating And Meet-up ZoneRe: Calabar Let's Hook Up Here by chemystery: 1:51pm On Dec 31, 2016
any calabar babe in the house?
SportsRe: What Amount Of Data Is Required To Stream A Live Football Match? by chemystery: 6:42pm On Dec 21, 2016
shyling:
but it's like dashing money to charity in my area it never connects
Wow..sory about that. You're really missing alot. MTN and Airtel will milk you dry
SportsRe: What Amount Of Data Is Required To Stream A Live Football Match? by chemystery: 7:40am On Dec 21, 2016
shyling:
which network is best for multimedia streaming
GLO
SportsRe: What Amount Of Data Is Required To Stream A Live Football Match? by chemystery: 3:42pm On Dec 18, 2016
DjAndroid:
So you still follow dey call DATA "MB"?
yeah! they are synonyms undecided
SportsRe: What Amount Of Data Is Required To Stream A Live Football Match? by chemystery:
OP be specific. Lots of factors affects data consumption when streaming football match.

It can depend on the network you are using. If na GLO, you are safe but if na MTN ur case is sorry.

It also depends if it is male or female. If na women football, you are safe, but if na male soccer, sorry for u.

It also depends on the team. If na Niger and Congo dey play, your MB is very safe (2MB will even do for fullMatch + ExtraTime + penaltyShootOut) but if na Brazil and Spain, before first half finish sorry is already ur baptisimal name.

It also depends on the venue of play. If na Maputo national stadium dem play the match, you are safe. But if na emirate stadium, just say goodbye to your MB.

So tell me the conditions of streaming, i will now now determine the amount of data consumption for you
PoliticsRe: Tough Looking Bouncers At Zahra Buhari's Wedding (Photo) by chemystery: 10:18pm On Dec 16, 2016
Only their face go make you bounce yourself
Car TalkRe: See The Cars Produced By A Man In Imo State(photos) by chemystery: 10:02pm On Dec 16, 2016
frankloloko:
This is not talent to me . I nor fit use this van toast any girl .
Cars are manufactured as means of transport and not for toasting girls.

Please who has any receive sense meme?
Car TalkRe: See The Cars Produced By A Man In Imo State(photos) by chemystery: 10:00pm On Dec 16, 2016
More grease to his elbows.
InvestmentRe: "Stop Investing In MMM" - CBN Warns Nigerians Again by chemystery: 12:45pm On Dec 15, 2016
leave dem
BusinessRe: Nairabet Stylishly Mocks MMM Participants With A Tweet by chemystery: 7:05pm On Dec 13, 2016
grin grin
FashionRe: Gym Photos Of Mr. Tourism Nigeria 2016 Finalist by chemystery: 10:07pm On Dec 02, 2016
Ogun = Best physique
Benue = Best facial look

Bayelsa why naa? why? cry
BusinessMMM: 7 Reasons Why Real Entrepreneurs Are Not Interested by chemystery(op): 9:48pm On Dec 02, 2016
MMM is trending here in Nigeria. Every week, I get an average of five invites across all social media platforms to join the MMM ‘movement’. In the unlikely event that you have not heard of MMM, having just emerged from a cave to miraculously run into this article, MMM is a platform which in summary claims to operate a mutual aid programme requesting participants to provide money to others and promising returns of 30% of such monies after 30 days.

It is a global platform touted as a Ponzi scheme (as it obviously is) and reported to be operated by Sergei Mavrodi, a Russian jailed in his home country in the late 1990’s when his earliest schemes ripped Russians millions of Dollars and led to multiple suicides.

The Nigerian adaptation is an ingenious creation displaying an understanding of the culture, beliefs and thought processes of the typical Nigerian. Its model stands out as a lesson for all entrepreneurs looking to push their products into new markets.

Apart from these lessons however I have had the opportunity to discuss the platform with colleagues and there seems to be no debate on the status of the platform as a Ponzi Scheme as it does tick all boxes. See here for hints.

Regardless of its status as a Ponzi scheme however, I still get people telling me how it is still a useful source of quick cash before it crashes. For the following reasons, this position as pragmatic as it sounds does not quite resonate with me and, I believe, a lot of entrepreneurs out there trying to build a product.

Promise of big money consistently with little work
Entrepreneurs know that there are of course things that you can do to make money without having to work all that hard. But, it’s just not possible for everyone who joins a business to be able to make so much returns without working. Making money takes work. Entrepreneurs also know that NO business on earth can consistently provide such returns. Businesses have ups and downs simple.

The Principle of value
Real entrepreneurs understand that real wealth is generated from the creation of value and not from instantaneous windfalls resulting from concocted trade-offs. They understand the paradox of the lottery winner…money minus value does not equal wealth.

Understanding Money
Real entrepreneurs understand that money is really not valuable in itself. It is valuable because people agree to make it a medium of exchange for REAL value. Its utility lies in its use as current (hence currency) for the movement of value thereby obviating the need for barter. A system running merely on the exchange of money for profit is nothing but a SCAM. Participating in such a system like that only lends credence to the scam.

Not an investment
I have heard people liken the MMM system to investing in shares. The comparison is laughable. When an investor buys shares, he is taking real risks to contribute into an entity that undertakes in the creation of some sort of value.

Investing in shares takes careful thought, analysis, and assessment. He does not expect consistent returns. By buying shares, the investor expresses faith in the vision of the company and faith in the management to execute the vision. It takes knowledge to avoid serious burns. So NO, MMM is not comparable to investing in shares.

The issue of focus
Entrepreneurs are busy trying to create and perfect systems, solve problems, devise innovative answers to challenges. They are bound to look at a get rich quick scheme as a mere distraction in terms of the time and resources to be expended into chasing a venture that provides no ultimate value addition to themselves or the society.

The moral question
If you are sure that a system is a scam propped up by the resources of naïve but trusting participants being manipulated by experienced “confidence men” with an uncanny understanding of human greed and a history of taking advantage of it, would you still support it with your money?

The understanding of risk
Proponents of the scheme tout the cliché; “Nothing ventured, nothing gained” because it paints the contrarian picture of a daring risk taker. Entrepreneurs however understand the difference between gambling and enlightened risk taking. A gamble is taken without the understanding or control of the variables which determine the desired outcome.

Investing involves enlightened risk taking premised on an understanding of key variables and a reasonable grasp of possible eventualities. If I commit to give my money to a scheme over which I have no control, because of returns of which I have no sight, I am not investing, I am gambling.

The times are hard. Nigerians are seeing the MMM scheme as some sort of saviour from the harsh realities of the current recession despite the obvious signs that it is not. To all those who cannot resist the temptation of quick easy cash, please proceed with extreme caution. To all those who do not participate in the scheme as a matter of principle, know that you are not alone.

Source: https://techpoint.ng/2016/12/02/mmm-entrepreneurs-not-interested/
BusinessRe: See What MMM Did To Nigeria Photo by chemystery: 9:58pm On Nov 30, 2016
hmmmmn.
BusinessRe: My Views About MMM by chemystery: 7:08pm On Nov 30, 2016
OP is simply saying there are many ways he can make money but MMM and other cheap means are not one of them.
OP is also trying to tell me and you that he is not desperate to make cheap money like other MMM participant.
Though i'm not as religious as OP but i strongly support his views.
CelebritiesRe: Benita Okojie Celebrates Her Mother's Birthday by chemystery: 10:04pm On Nov 28, 2016
Osemudiamen
CelebritiesRe: Freeze: "If You Are A Yoruba Man & Want To Be Successful, Marry An Igbo Woman" by chemystery: 5:52pm On Nov 20, 2016
mikezuruki:
Hmm. I don see person wey carry tribe for head!
IBO refers to the people; while IGBO is the language.
People like you are divisive and stereotypical! I've met many yoruba ladies that are respectful, supportive, and loyal.
As a man, irrespective of whether money dey your hand or not, if you want to be treated like a king, marry yoruba.
And by way, the DEFINITION of SUCCESS or being SUCCESSFUL is relative. OkayBye
And i guess too Yorubber is the people and Yoruba is the language. While Awusa is the people, Hausa is the language.
Thanks, i have learnt something new from you today grin
Christianity EtcRe: 2-Year-Old Girl 'Ministers' At Christ Embassy Church (video) by chemystery: 12:16pm On Nov 20, 2016
hmmm
CelebritiesRe: Cynthia Onoriode Attends Church With Her Triplets by chemystery: 3:55pm On Nov 07, 2016
ritvin:
she Dey fear camera
How you take know? Na you snap am? grin
CelebritiesRe: Cynthia Onoriode Attends Church With Her Triplets by chemystery: 3:06pm On Nov 06, 2016
A particular kid keeps crying in all the pix. Na wa o
CelebritiesRe: Kafui Danku Who Survived 1 Stillbirth, 3 Miscarriages, Shares Maternity Pics by chemystery: 3:58pm On Nov 05, 2016
Hmmmmm....this woman get mind o. If na me i no carry belle again. Before i go carry the one wey go carry me too go.
Safe delievery to her
PoliticsRe: Double Bomb Blasts In Maiduguri, Many Feared Dead by chemystery: 10:38am On Oct 29, 2016
ah ahn na, not again
CelebritiesRe: ABPFEON Response To Chidinma Okeke Lesbian Sex Tape by chemystery:
This action will haunt her all through her life. I wonder what sort of trauma she'd be going through right now.
I feel for her though.

The babe below me saying shame on her, i guess is very pure without sin. And of course have casted her own stone.

One has to be careful in this technology age.
BusinessRe: CNC Laser Cutting Machine Needed by chemystery: 2:47am On Oct 24, 2016
johnhearts:
do you still need the machine?
Yes i do
TravelRe: "Life Is Too Short"; Birthday Girl Who Survived Tragic Motor Accident Says. PICS by chemystery: 9:42pm On Oct 18, 2016
Nothing but an empty sheet seperates life from death
CelebritiesRe: Tolu Ogunefum "Tboy" Weds Yemisi (Photos) by chemystery: 6:50pm On Oct 17, 2016
DrayZee:
It is.... JOHN grin grin grin
Exactly!!! grin grin grin
CelebritiesRe: Tolu Ogunefum "Tboy" Weds Yemisi (Photos) by chemystery: 4:11pm On Oct 17, 2016
Is this not Ade's friend @ crazeclown comedy?
LiteratureRe: The Man: Bob Dylan, Newly Crowned Nobel Laureate by chemystery: 6:58am On Oct 16, 2016
i love his song ROLLING STONE

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