“Trust has been in the public market”
Not is has not, a public company has open financial and has to prove all transactions and expose it’s ledger. Their papers are not listed anywhere so they are in the private market.
“MLM is not ponzi” is a classic point by people that fell into the scheme, have you ever watched “The Office”? They have a great meme that explains it:
"Trust has been in the public market" That was not what I meant, of course it is not a public company that allows you to buy shares and stuff. I was referring to the fact that they have been selling service packages publicly for more than two years. Before that they were only with some private users for a year.
I stand by my opinion, the fact that some scams including the Ponzy scheme have structures like MLM, does not mean that all MLMs are scams. How many companies have been using MLM for a long time without problems?
It is true that so many bad things have happened that people are afraid of these things. But what's wrong with the pyramidal structure?. The problem is that they rob you, the structure they use is not to blame. The Egyptians must be turning in their tombs and cursing us, hehehe, speaking ill of their pyramids.
Even Binance and God knows how many thousands of companies use this system, that's not a problem. The problem is what the company does with the money you give to them. If they use it to generate more money, fine. If they use it to pay commissions and they do not generate more money, then bad and it is a scam that will fall soon.
But the referral system and pyramid structure are not to blame.
This platform uses 40% to pay for it to just keep working and supposedly the other 60% are responsible by an over 10% consistent return every month. Don’t you think it is a little bit too much like a ponzi?
I know, silly question, you are in profit, but just look at the numbers and see, what are the odds that someone that makes such a consistent growth “10% a month every month so far, over the 60% invested” not working for private funds and instead is recruiting promoters via MLM?… Just think about it… Keep those numbers in your head…
Why does a profitable public company, for example, continue to sell shares and accept more and more investments? Because they want to have even more profit I guess. I cannot answer for the motivations or internal mechanisms of the company.
And in a sense you are partly right, I'm not saying no. I repeat that I cannot assure you of anything. However, we cannot call everything that makes good profits a scam. 5% or 7% a year are centralized bank level earnings. That is simply theft, because that bank is making a lot more money just by having your money in it. And it's practically not giving you anything.
It cannot scare us when we find a business that gives higher profits. And beware that I am not talking about doubling or tripling your money in 15 days, that is clearly impossible.