Is this really a Ponzi scheme?

[Frazinjer01]

Is this a ponzi scheme, this is my idea so start with £600 find a way to get people to pay you £8 everyday like it’s an investment you pay them £20 back from your £600 everyday to each of the 50 people and you flipped £600 to £12k easily in a single month in full profits.

 

[Gogol]

It is a Ponzi scheme and we are not allowed to discuss that here.

 

[thescrrr]

Yes.

 

[BassTrackerBoats]

Is this a ponzi scheme, this is my idea so start with £600 find a way to get people to pay you £8 everyday like it’s an investment you pay them £20 back from your £600 to each of the 50 people and you flipped £600 to £12k easily in a single month in full profits.

Yes it is.

You need to find a business model that is not going to have people call you Bernie Madoff.

 

[Frazinjer01]

It is a Ponzi scheme and we are not allowed to discuss that here.

Is it a ponzi scheme if I have a service, that I get paid $11 everyday but I don’t pay them back I just deliver my service?

 

[Mr Positive]

Yes it’s called ripping off people and living with their money

 

[stornjust]

Straight up honest, yes.

 

[NiteCobain]

If they pay you 8 and you give them 20, how do you plan on making money?

 

[Frazinjer01]

If they pay you 8 and you give them 20, how do you plan on making money?

Read it again, you’ll understand.

 

[Frazinjer01]

Yes it is.

You need to find a business model that is not going to have people call you Bernie Madoff.

Is delivering a business service where I charge £8 everyday and I don’t pay them back I just deliver my service that values them is that still considered a ponzi scheme?

 

[NiteCobain]

Read it again, you’ll understand.

I must be really dumb not to understand this.

You start with 600.
You get +400 from 50 people, now you have 1000.
You pay 20 back to those 50 people, -1000
Now you have 0 and you lost your original 600.

 

[SocialEyez]

If they pay you 8 and you give them 20, how do you plan on making money?

He rely on people not asking for their money, thinking that it grows in the meantime, which is not the case. than OP just have a big "bank" out of their money he can freely use, "until" some ask for their profits.

And yes, this is a classic Ponzi model, how come you got into the details of doing it, know how its called, but don't know that's what your doing?

 

[Frazinjer01]

I must be really dumb not to understand this.

You start with 600.
You get +400 from 50 people, now you have 1000.
You pay 20 back to those 50 people, -1000
Now you have 0 and you lost your original 600.

I’m not going to talk about it, anymore we’re not allowed.

 

[theRevolt]

Is this a ponzi scheme, this is my idea so start with £600 find a way to get people to pay you £8 everyday like it’s an investment you pay them £20 back from your £600 everyday to each of the 50 people and you flipped £600 to £12k easily in a single month in full profits.

Lol, I assume you are being sarcastic? This is the pure definition of a Ponzi..
Might want to look up the creator Charles Ponzi, or Bernie Madoff

 

[ziko12345]

Congratulations, you just reinvented the ponzi scheme.
Lol

 

[MMJason]

Lol, I assume you are being sarcastic? This is the pure definition of a Ponzi..
Might want to look up the creator Charles Ponzi, or Bernie Madoff

View attachment 133898

Congratulations, you just reinvented the ponzi scheme.
Lol

Very true to the both of you. This thread made me laugh, not gonna lie

 

[ziko12345]

Some companies did this in my country in 1997 (when people didnt know any better). We got ripped and this was the cause of a civil war

 

[Frazinjer01]

Some companies did this in my country in 1997 (when people didnt know any better). We got ripped and this was the cause of a civil war

What country are you from, so I know where it happened?

 

[GringoMonkey]

Is it a ponzi scheme if I have a service, that I get paid $11 everyday but I don’t pay them back I just deliver my service?

You can do that and discuss on bhw. That is normal business.

I pay my cleaner, she cleans the house and she does not have to give me the money back.

 

[ziko12345]

What country are you from, so I know where it happened?

I'd have to kill you if i tell you that