The internet is awash with various income producing opportunities. But the trick is to be able to distinguish between scams, gaming and investments. It’s not alwas as easy as it looks.
The internet is a fantastic source of information : both good and bad. It’s also a toy store of profitable possibilities for would-be and master shysters and scam artists crickex login. Apart from pornography, one of the most prevalent types of content one can find on the web is in the income producing category. And I guess, like sex, money has wide-spread appeal!
The starting point in getting to grips with this reality is to realise hpye plays a big part in human nature. Sorry to be so blunt, but it seems we’re wired for it. You see this played out over and over : whether it’s men and women battling each other to grab the best dresses in a crazy sale, or crazy people queuing up to get financially fleeced in some hair-brained pyramid money game. The motivation is the same. Something for nothing : or almost nothing. And that desire is fueled by hpye.
If you can accept you may have a built-in propensity to research the straightforward route, to obtain easy money : and factor that into your decision making : then you will be in a much better position to more rationally evaluate various income producing opportunities.
There are two main simple scams continually spread out on the internet. One is the “advance fee” scam, and the other is the “Ponzi” or pyramid scheme. Is epitomised by the “Nigerian Letter” fraud : which is essentially a promise of big bucks in turn for processing fees to retrieve the money. This often involves receiving a message announcing you have either inherited or won a lot of money, and that you need to open an offshore bank account to retrieve it. The strategy is to draw you into the scenario to this kind of extent that you become emotionally wedded to it. Then, when you are asked to put up a fee to make things happen, you are already absolutely hooked and part with your cash without a whimper. The causes then disappear with your cash, never to be viewed again.
The ponzi scam is termed after Charles Ponzi who came up with the novel idea of enticing investors with the promise of huge returns : and paid them out of new investors’ money. In the end, of course, the last investors lost their money, and the whole thing was exposed as a complete fraud. Some ponzi schemes are very gross : like the original stringed letter. You’d think we would have gone up above that one : but it keeps on resurfacing. However, they are now more sophisticated, often disguising themselves as an “investment” with unusually high returns.
Throughout the last few years such ponzis have sharpened their act, and now present themselves with smart, professional looking websites : credible phrasing and an enticing sales pitch. The primary hook, apart from the corresponding returns, is the suggestion fee : if you recommend others. In this way, the modern ponzi can harness the viral marketing power of the internet in manners impossible in the snail mail age.
Now I have nothing against people playing money games therefore (it’s their money), provided they know the principles of the game, and understand the risks. You see, I’m very much of the opinion that people should be allowed to do what they just as in their own money. However, when you remove regulatory oversight, you have to take responsibility for the decisions, and realise what you are getting into.
If you know the risks, then it’s like gaming : where it is clearly understood that there are winners and losers. However, it does appear that some people can’t tell the difference between gaming (in all its forms), a ponzi, and an investment. And this in order to often as used by the authorities as an alibi to enact laws to protect people from themselves.
For example, it’s imperative to distinguish between ponzi schemes and gaming. And it must not be hard. Gaming involves taking a position in a money game where there are clear rules and directives as to who becomes the winner. Luck is the usual arbiter in gaming : and this is managed in various ways. It could be Lotto, where numbers are drawn from a clip or barrel; it could be a lottery where one individual has the lucky ticket number; or it could be horse racing or sports, where you place a bet on the upshot of the race : where “form” and luck both play a part. The point is, in gaming you know there will be winners and losers, and you know the means by which this will be determined. You have full disclosure
Not so with a pyramid or ponzi. If a ponzi is hidden as an investment, then it’s likely to offer high returns (to appeal to greed), and use suggestion fees to get visitors to spread the word. Now, the sometimes shocking message is that everyone who joins up will make say 10%, 20% or even 100% per month on their money. However, the truth is only the early birds will catch the earthworms and walk away with the loot. Why? Because the funds to pay out the corresponding returns come from the new players, and eventually they be depleted.
The pertinent question is, do these new players understand they are funding earlier “investors”, and do they realise they could lose their shirt? Not likely. If a income producing scheme states that it is a “game”, makes no guarantees, and honestly reports that your money is paying those before you, then you know the principles before entering and cannot cry over spilt milk if you lose your money. On the other hand, if money is taken using vocabulary that indicates a legitimate investment is being offered : which later actually is a ponzi : then clearly the participants have been defrauded because they are not told the actual facts.
In a situation like this, one should be able to pursue legal action to reclaim the lost funds : because such money was taken under false pretences. However, such a retroactive course of action does not mean one shouldn’t exercise lucid judgement before moving into any form of investment : even more so, if exceptional returns and suggestion bonuses will be paid.
So you have gaming, which clearly explains the risks inherent in partaking; ponzi/money games, which usually don’t, and are essentially deceitful offersm and finally you have real investments. Of course, putting your money into legitimate investments does not eliminate the risk of losing your money : it’s just that such a structure is not set up with the stage that defrauding you. When you invest your money you should demand full disclosure from what inherent risks of the proposition. However, no investment is 100% safe. Even government bonds depend finally on the california’s capacity forever tax its citizens : something Exercise wouldn’t want to bet on.
In like manner recap: the primary difference between a scam, gaming and an investment : is the “rules of the game” are known in advance, and you participate in the full information about the risk you are taking. A ponzi scam purposely misleads, whereas gaming and investing offer disclosure from what risks.
