₦airaland Forum

I have read closely sgtponzihater1 claims and hatred for mmm and I want him and cohorts to disprove this few points cos he has left betting and lottery but makes noise on mmm. I do mmm but I try to be true to myself and objective. Some mavrodians may not like me calling mmm ponzi. but that's the fact sha.

1. Is MMM a Ponzi?
Yes, and so is sports betting and lottery.
... Now, the simplest definition of a ponzi is "robbing peter to pay Paul". I do mmm and yes, mmm is an advanced ponzi scheme but with some humanity at heart.
... Now back to sports betting. How do they make money? The sports betting shop makes money from losses of "betters" or "stakers". For some who gamble N5k and win N1m, there must have been over a thousand people that have lost between N1h and N5k or even more.
Now, that is simply robbing Peter to pay Paul. Its simple arithmetic. For a betting shop to make profit, people must lose their gamble and that is always the prayer of the former.
... Same applies to lotteries and other Baba Ijebus - Forget that some have sponsors. Most don't. For some 20 people to win N1m, some thousands must have lost and that is how lotteries are sustained. Without losses on the part of "customers", I mean gamblers, virtually all of them will close shop.

Even Frank Idowus WWM was a semi ponzi. B4 I hanged boot, I know I lost like N2k trying to reach the top. I know many have lost ten times more than me and still never got to the show let alone the "hot seat". Where did my money go? It was given to "Paul". Will I ever get it back? useless question Lol. The only reason mtn is there is mainly cos of broadcasting cost but am sure those guys make sufficient Phs to handle the few GHs. Soooo, it was a semi advanced "robbing peter to pay Paul" game.

2. Is Value created in MMM?
No! No value and they got no adverts so as a layman, I see no earnings from traffic. I believe as guider of all guiders, mavrodi don't need to cheat the system like ghw. He simply gains from his bonuses. Well, thats on a lighter note.
MMM creates no value, neither do sports betting or lotteries. All are ponzi schemes - robbing Peter to pay Paul; some must lose for others to win. That's the rule. Though I will say later how mmm is better.

3. Is MMM a sin?
Well, maybe; since people must have to lose for others to gain. But contrary to sgtponzihater1 claims, MMM is in fact a lesser evil. will say y later. But if lottery and sports Betting also involves robbing Peter for Paul's gain, then they can pass for sins. The same God that says don't kill is same God that says don't murder and is same God that says don't lie. So sgtponzihater1, if mmm is sin, so are the others.

4. Why is Mmm "illegal" but not Sport betting or Lotteries?
I wish to remind u that all are ponzis in their ways. MMM is declared "illegal" cos government don't gain from it. Lottery shops and bet shops obtain licenses and pay monthly and annual dues/taxes. Mmm don't. Mmm is "illegal" cos it has no registration or tax file/tin with firs.

5. Have people lost in MMM?
Somewhat, though people have even lost more in lotteries and betting.

6. Is Mmm really illegal in Nigeria?
Well, yes and no too. depends on how u look at it. To the best of my knowledge, only warnings were issued to people to be wary of it. There's no law proscribing MMM's ponzi pattern. In fact, if it were strictly illegal, the NPF would have locked up thousands who have been promoting it on the streets, on radio or in schools. But cos there is no such proscription on MMM, we are free. So it appears it ain't really illegal after all. Then if sgtponzihater1 says its sin cos it's illegal, one may be save to say that since it ain't really illegal, it ain't really sin.

7. Ain't mmm a better option?
In the ponzi line, people lose in sports betting, baba ijebu and lotteries on a daily basis. But in MMM, so long as the system is healthy, all keep gaining. yes All. In Mmm, it's not really luck per se. So long as the system is healthy, ur gains are guaranteed. It is possible for people to place 50 different bets and lose. In Mmm, u cant pH up to 10 different times and lose all. MMM is thus a lesser evil. Soooooo..... sgtponzihater1 and co, stop ur exasperating noise and get busy with ur life. Learn.

And abt innovation, I got 3ideas that will need arnd N3m to roll up. The banks said they will charge me 26% interest on just 600k they are willing to give me. As an advocate of innovation, Can u suggest alternatives for me so I can leave mmm? @sgtponzihater1

Lovely & interesting post

am happy that the guilders are beginning to say the truth, thought they first said that the money come from ads on their website, i think mmm needs sincerity just like betting, where you knw that getting back your money is nt guaranteed. so many bet with what they can afford to loose.

nnn

Nice piece.

I know olosho innovator will avoid this thread.

donpata:
I have read closely sgtponzihater1 claims and hatred for mmm and I want him and cohorts to disprove this few points cos he has left betting and lottery but makes noise on mmm. I do mmm but I try to be true to myself and objective. Some mavrodians may not like me calling mmm ponzi. but that's the fact sha.

1. Is MMM a Ponzi?
Yes, and so is sports betting and lottery.
... Now, the simplest definition of a ponzi is "robbing peter to pay Paul". I do mmm and yes, mmm is an advanced ponzi scheme but with some humanity at heart.
... Now back to sports betting. How do they make money? The sports betting shop makes money from losses of "betters" or "stakers". For some who gamble N5k and win N1m, there must have been over a thousand people that have lost between N1h and N5k or even more.
Now, that is simply robbing Peter to pay Paul. Its simple arithmetic. For a betting shop to make profit, people must lose their gamble and that is always the prayer of the former.
... Same applies to lotteries and other Baba Ijebus - Forget that some have sponsors. Most don't. For some 20 people to win N1m, some thousands must have lost and that is how lotteries are sustained. Without losses on the part of "customers", I mean gamblers, virtually all of them will close shop.

Even Frank Idowus WWM was a semi ponzi. B4 I hanged boot, I know I lost like N2k trying to reach the top. I know many have lost ten times more than me and still never got to the show let alone the "hot seat". Where did my money go? It was given to "Paul". Will I ever get it back? useless question Lol. The only reason mtn is there is mainly cos of broadcasting cost but am sure those guys make sufficient Phs to handle the few GHs. Soooo, it was a semi advanced "robbing peter to pay Paul" game.

2. Is Value created in MMM?
No! No value and they got no adverts so as a layman, I see no earnings from traffic. I believe as guider of all guiders, mavrodi don't need to cheat the system like ghw. He simply gains from his bonuses. Well, thats on a lighter note.
MMM creates no value, neither do sports betting or lotteries. All are ponzi schemes - robbing Peter to pay Paul; some must lose for others to win. That's the rule. Though I will say later how mmm is better.

3. Is MMM a sin?
Well, maybe; since people must have to lose for others to gain. But contrary to sgtponzihater1 claims, MMM is in fact a lesser evil. will say y later. But if lottery and sports Betting also involves robbing Peter for Paul's gain, then they can pass for sins. The same God that says don't kill is same God that says don't murder and is same God that says don't lie. So sgtponzihater1, if mmm is sin, so are the others.

4. Why is Mmm "illegal" but not Sport betting or Lotteries?
I wish to remind u that all are ponzis in their ways. MMM is declared "illegal" cos government don't gain from it. Lottery shops and bet shops obtain licenses and pay monthly and annual dues/taxes. Mmm don't. Mmm is "illegal" cos it has no registration or tax file/tin with firs.

5. Have people lost in MMM?
Somewhat, though people have even lost more in lotteries and betting.

6. Is Mmm really illegal in Nigeria?
Well, yes and no too. depends on how u look at it. To the best of my knowledge, only warnings were issued to people to be wary of it. There's no law proscribing MMM's ponzi pattern. In fact, if it were strictly illegal, the NPF would have locked up thousands who have been promoting it on the streets, on radio or in schools. But cos there is no such proscription on MMM, we are free. So it appears it ain't really illegal after all. Then if sgtponzihater1 says its sin cos it's illegal, one may be save to say that since it ain't really illegal, it ain't really sin.

7. Ain't mmm a better option?
In the ponzi line, people lose in sports betting, baba ijebu and lotteries on a daily basis. But in MMM, so long as the system is healthy, all keep gaining. yes All. In Mmm, it's not really luck per se. So long as the system is healthy, ur gains are guaranteed. It is possible for people to place 50 different bets and lose. In Mmm, u cant pH up to 10 different times and lose all. MMM is thus a lesser evil. Soooooo..... sgtponzihater1 and co, stop ur exasperating noise and get busy with ur life. Learn.

And abt innovation, I got 3ideas that will need arnd N3m to roll up. The banks said they will charge me 26% interest on just 600k they are willing to give me. As an advocate of innovation, Can u suggest alternatives for me so I can leave mmm? @sgtponzihater1

U can't do a post and keep mentioning my name. Sports betting is not illegal and it's a healthy game that can be abused like any other thing. Remove my name from ur write up and make ur points clear.

"Both gambling and lotteries are presented as games, and the risk of losing is well known in both. I would say an essential element of a Ponzi scheme is deception, as it is a loss presented as a guaranteed win. Ponzi schemes present themselves as safe investments with guaranteed returns, not as games of chance where both a win and a loss are possible. Thus, I think it would be unwise to refer to gambling or lotteries as a Ponzi scheme, when in fact it's the exact opposite."

copied

ponziponzi:
"Both gambling and lotteries are presented as games, and the risk of losing is well known in both. I would say an essential element of a Ponzi scheme is deception, as it is a loss presented as a guaranteed win. Ponzi schemes present themselves as safe investments with guaranteed returns, not as games of chance where both a win and a loss are possible. Thus, I think it would be unwise to refer to gambling or lotteries as a Ponzi scheme, when in fact it's the exact opposite."

copied

God bless you mightily bro. Ponzi schemers use deception on their victims and tend to bring them to a state of permanent ignorance, funny enough when they bring such tricks to well meaning and thinking citizens they meet a brick wall. No reply would have been more succinct, apt, quick and straight to the point.

ponziponzi:
"Both gambling and lotteries are presented as games, and the risk of losing is well known in both. I would say an essential element of a Ponzi scheme is deception, as it is a loss presented as a guaranteed win. Ponzi schemes present themselves as safe investments with guaranteed returns, not as games of chance where both a win and a loss are possible. Thus, I think it would be unwise to refer to gambling or lotteries as a Ponzi scheme, when in fact it's the exact opposite."

copied

"WARNING!
There are no guarantees and promises! Neither explicit nor implicit.
There are neither investments nor business! Participants help each other, sending each other money directly and without intermediaries. That’s all! There's nothing more.
There are no securities transactions, no relationship with the professional participants of the securities market; you do not acquire any securities. (Do you need them? :-))
There are no rules. In principle! The only rule is no rules. At all! Even if you follow all of the instructions, you still may "lose". "Win" might not be paid. Without any reasons or explanations.
And in general, you can lose all your money. Always remember about this and participate only with spare money. Or do not participate at all! Amen. :-))"

That's mmm's warning there. So if u are referring to those 419ners out specifically to defraud, fine. Because none of ur points apply to mmm. I expect u are educated enough to interpret the above very clear warning. U can't disprove the fact that no value is created in betting and gambling. It's sheer robbing peter to pay Paul. the same sweet mouth used to lure people to gambling is similar to that used to lure people to ponzi.
ALL ARE SAME BUT MMM IS LESSER EVIL.

donpata:
"WARNING!
There are no guarantees and promises! Neither explicit nor implicit.
There are neither investments nor business! Participants help each other, sending each other money directly and without intermediaries. That’s all! There's nothing more.
There are no securities transactions, no relationship with the professional participants of the securities market; you do not acquire any securities. (Do you need them? :-))
There are no rules. In principle! The only rule is no rules. At all! Even if you follow all of the instructions, you still may "lose". "Win" might not be paid. Without any reasons or explanations.
And in general, you can lose all your money. Always remember about this and participate only with spare money. Or do not participate at all! Amen. :-))"

That's mmm's warning there. So if u are referring to those 419ners out specifically to defraud, fine. Because none of ur points apply to mmm. I expect u are educated enough to interpret the above very clear warning. U can't disprove the fact that no value is created in betting and gambling. It's sheer robbing peter to pay Paul. the same sweet mouth used to lure people to gambling is similar to that used to lure people to ponzi.
ALL ARE SAME BUT MMM IS LESSER EVIL.

These are all complex phraseologies to decieve and hoodwink the gullible. Mavrodi before the first crash of MMM Nigeria released a statement saying that "no one will ever loose money in MMM". When people money trapped they began to paint MMM with the above phraseology. MMM is a Ponzi schemes, Ponzi schemes are fraudulent, Fraud is crime, all criminals are sinners, all sinner will not miss the coming fire unless they repent.

Shun Ponzi Schemes!

sgtponzihater1:
U can't do a post and keep mentioning my name. Sports betting is not illegal and it's a healthy game that can be abused like any other thing. Remove my name from ur write up and make ur points clear.

Am particular abt u cos u keep spamming the investment section with countless anti mmm threads since last year. 10s of thread just to keep saying the same thing. Dispute the fact that betting creates no value. Dispute the fact that winnings are paid from losses of others. Dispute the fact that mmm made it very clear that it's not an investment, it got no guarantees and all monies can be lost. I think what u shld tell peeps here is that as they invite people to mmm, let them be honest to tell them what mmm says abt itself. Has any bet shop or lottery given such kind of warnings to participants? All they do is advertise and make it seem as if one got a 90% chance of winning. Let's be honest and unbiased with the truth. Even as a Christian u obviously seem to be, u know gambling ain't even right. So stop playing holy.

donpata:
Am particular abt u cos u keep spamming the investment section with countless anti mmm threads since last year. 10s of thread just to keep saying the same thing. Dispute the fact that betting creates no value. Dispute the fact that winnings are paid from losses of others. Dispute the fact that mmm made it very clear that it's not an investment, it got no guarantees and all monies can be lost. I think what u shld tell peeps here is that as they invite people to mmm, let them be honest to tell them what mmm says abt itself. Has any bet shop or lottery given such kind of warnings to participants? All they do is advertise and make it seem as if one got a 90% chance of winning. Let's be honest and unbiased with the truth. Even as a Christian u obviously seem to be, u know gambling ain't even right. So stop playing holy.

Thanks bro. God bless.

Pls I have two MMM accounts for sale. interested persons(s) should PM me. very very very cheap.

donpata:
I have read closely sgtponzihater1 claims and hatred for mmm and I want him and cohorts to disprove this few points cos he has left betting and lottery but makes noise on mmm. I do mmm but I try to be true to myself and objective. Some mavrodians may not like me calling mmm ponzi. but that's the fact sha.

1. Is MMM a Ponzi?
Yes, and so is sports betting and lottery.
... Now, the simplest definition of a ponzi is "robbing peter to pay Paul". I do mmm and yes, mmm is an advanced ponzi scheme but with some humanity at heart.
... Now back to sports betting. How do they make money? The sports betting shop makes money from losses of "betters" or "stakers". For some who gamble N5k and win N1m, there must have been over a thousand people that have lost between N1h and N5k or even more.
Now, that is simply robbing Peter to pay Paul. Its simple arithmetic. For a betting shop to make profit, people must lose their gamble and that is always the prayer of the former.
... Same applies to lotteries and other Baba Ijebus - Forget that some have sponsors. Most don't. For some 20 people to win N1m, some thousands must have lost and that is how lotteries are sustained. Without losses on the part of "customers", I mean gamblers, virtually all of them will close shop.

Even Frank Idowus WWM was a semi ponzi. B4 I hanged boot, I know I lost like N2k trying to reach the top. I know many have lost ten times more than me and still never got to the show let alone the "hot seat". Where did my money go? It was given to "Paul". Will I ever get it back? useless question Lol. The only reason mtn is there is mainly cos of broadcasting cost but am sure those guys make sufficient Phs to handle the few GHs. Soooo, it was a semi advanced "robbing peter to pay Paul" game.

2. Is Value created in MMM?
No! No value and they got no adverts so as a layman, I see no earnings from traffic. I believe as guider of all guiders, mavrodi don't need to cheat the system like ghw. He simply gains from his bonuses. Well, thats on a lighter note.
MMM creates no value, neither do sports betting or lotteries. All are ponzi schemes - robbing Peter to pay Paul; some must lose for others to win. That's the rule. Though I will say later how mmm is better.

3. Is MMM a sin?
Well, maybe; since people must have to lose for others to gain. But contrary to sgtponzihater1 claims, MMM is in fact a lesser evil. will say y later. But if lottery and sports Betting also involves robbing Peter for Paul's gain, then they can pass for sins. The same God that says don't kill is same God that says don't murder and is same God that says don't lie. So sgtponzihater1, if mmm is sin, so are the others.

4. Why is Mmm "illegal" but not Sport betting or Lotteries?
I wish to remind u that all are ponzis in their ways. MMM is declared "illegal" cos government don't gain from it. Lottery shops and bet shops obtain licenses and pay monthly and annual dues/taxes. Mmm don't. Mmm is "illegal" cos it has no registration or tax file/tin with firs.

5. Have people lost in MMM?
Somewhat, though people have even lost more in lotteries and betting.

6. Is Mmm really illegal in Nigeria?
Well, yes and no too. depends on how u look at it. To the best of my knowledge, only warnings were issued to people to be wary of it. There's no law proscribing MMM's ponzi pattern. In fact, if it were strictly illegal, the NPF would have locked up thousands who have been promoting it on the streets, on radio or in schools. But cos there is no such proscription on MMM, we are free. So it appears it ain't really illegal after all. Then if sgtponzihater1 says its sin cos it's illegal, one may be save to say that since it ain't really illegal, it ain't really sin.

7. Ain't mmm a better option?
In the ponzi line, people lose in sports betting, baba ijebu and lotteries on a daily basis. But in MMM, so long as the system is healthy, all keep gaining. yes All. In Mmm, it's not really luck per se. So long as the system is healthy, ur gains are guaranteed. It is possible for people to place 50 different bets and lose. In Mmm, u cant pH up to 10 different times and lose all. MMM is thus a lesser evil. Soooooo..... sgtponzihater1 and co, stop ur exasperating noise and get busy with ur life. Learn.

And abt innovation, I got 3ideas that will need arnd N3m to roll up. The banks said they will charge me 26% interest on just 600k they are willing to give me. As an advocate of innovation, Can u suggest alternatives for me so I can leave mmm? @sgtponzihater1

Mumu
Fr bettingbu knw its either lose or win.. u knw very well
But mmm u tell ppl say na sure return
Scammers
With dis ur post u jus told everyone dat mmm is scam

lavenderjade:
Mumu
Fr bettingbu knw its either lose or win.. u knw very well
But mmm u tell ppl say na sure return
Scammers
With dis ur post u jus told everyone dat mmm is scam

I don't why hypocrites like you are littered around the cyber space. it is intriguing how you just justified betting but condemns mmm despite the fact that the warnings of no guarantee is boldly written on the website.

well my intending and follow participants nairaland is not the place to discuss mmm issues pls join my telegram group through the link in my signature so that you will be updated on the happenings in our mmm community.

yeah let's not forget that dispatching commences today.

together we can change the world!!!

lavenderjade:
Mumu
Fr bettingbu knw its either lose or win.. u knw very well
But mmm u tell ppl say na sure return
Scammers
With dis ur post u jus told everyone dat mmm is scam

I do mmm and I know I CAN LOSE ALL MY MONEY COS MMM told me themselves. In fact, MMM told me that if I no get mind, I shld NOT PARTICIPATE AT ALL. Which Baba Ijebu betting will ADVICE you NOT TO PARTICIPATE?

I STRONGLY BELIEVE MMM IS LESSER EVIL. Once system is healthy, everyone keeps winning.

donpata:
I do mmm and I know I CAN LOSE ALL MY MONEY COS MMM told me themselves. In fact, MMM told me that if I no get mind, I shld NOT PARTICIPATE AT ALL. Which Baba Ijebu betting will ADVICE you NOT TO PARTICIPATE?

I STRONGLY BELIEVE MMM IS LESSER EVIL. Once system is healthy, everyone keeps winning.

Stop deceiving urself. MMM decieved people, that their financial system is better than d current banking financial system. Telling people that no one looses money on MMM

donpata:
I do mmm and I know I CAN LOSE ALL MY MONEY COS MMM told me themselves. In fact, MMM told me that if I no get mind, I shld NOT PARTICIPATE AT ALL. Which Baba Ijebu betting will ADVICE you NOT TO PARTICIPATE?

I STRONGLY BELIEVE MMM IS LESSER EVIL. Once system is healthy, everyone keeps winning.

So now u knw say d system don die na

Na so we hear Chuddy no1 guilder bfor the break. Since after then we no hear from the guy again. Now it's Andrew. Oga Andrew please tell these people b4 u will disappear ur own

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People lose in sport betting daily, but did we create thread to warn people to stay off betting, NO...

And did the continuous losses in betting stop people from betting, NO...

EFCC was asked to ban mmm, but the anti-graft agency simply said they are yet to see the crime in engaging in mmm.

So olosho innovator and the rest should focus more attention on making their life worth living instead of this wild goose chase of trying to bring mmm down...

rekeson:
People lose in sport betting daily, but did we create thread to warn people to stay off betting, NO...

And did the continuous losses in betting stop people from betting, NO...

EFCC was asked to ban mmm, but the anti-graft agency simply said they are yet to see the crime in engaging in mmm.

So olosho innovator and the rest should focus more attention on making their life worth living instead of this wild goose chase of trying to bring mmm down...

SEC, if u know what that means, is in charge of legal investments in Nigeria, they have warned in clear terms that MMM is a scam. EFCC can't prosecute MMM because it's like a body without a soul, no office, no structure, in fact MMM is the biggest scam of the 21st century.

Shun Ponzi Schemes.

Chief Sgt Ponzi Hater

sgtponzihater1:
SEC, if u know what that means, is in charge of legal investments in Nigeria, they have warned in clear terms that MMM is a scam. EFCC can't prosecute MMM because it's like a body without a soul, no office, no structure, in fact MMM is the biggest scam of the 21st century.

Shun Ponzi Schemes.

Chief Sgt Ponzi Hater

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