Telexfree, Adfast etc.
I've been asked several times about my take on these. Here it is:
The above: Telexfree and Adfast etc., they are only modified schemes of the original "Rob from Peter to pay Paul" popularized by Charles Ponzi (1882-1949) that are always fueled by the newcomers.
They are modified this time in a way that they offer you something to do that is say, "post an ad". But in true logic, that which you do is not of such value to yield such returns as you receive. An example: one person posting an 'unattractive one liner ad' to Facebook daily does not create much benefit for that which is being advertised as there are very few clicks or even none at all for the links one might just carelessly post around different groups on Facebook, yet you are promised and rewarded highly for adverts of not so much value. In comparison, let's take Facebook advertising: with a budget of $5 dollars (about 12,500 shillings) only in one day, your advert can reach up to 11,000 people that day. If you do this weekly for one week, that is: $35 dollars which is 87,500, and you will have reached up to 77,000 people with your advert.
So in contrast, a person posting worthless ads that are not seen or even clicked on that often is paid, say 100,000 shillings a week and someone spending 87,500 shillings on Facebook adverts reaches up to 77,000 people that week. So do you see the discrepancy in that scenario? Someone is being paid for naught! What is he being paid for again? This reeks of compensation that is not clearly earned and indeed the posting of adverts is a cover up for some other means by which you make your earnings and that is simply: someone is robbing from Peter to pay you "Paul".
So conclusively, who is the Peter in this case? Yes, you got that right: It's the newcomers! They provide the cash-flow for such pyramids, that is why there are always 'handsome' incentives for those that herd along new entrants. They are the blood of the scheme, the one that keeps the whole thing running, the ones that pay everyone all the way to the top and until there are fewer entrants to the scheme it will flourish, until up to a point when the number of new entrants has reduced so much to an extent that it can no longer pay the dues of those that came before. That is when the bubble bursts. That is when it all comes tumbling down.
The concept that leads us to fall prey to such schemes is really that which feasts upon the natural law of man wanting quick returns bred by the least effort possible. Let's shun following this line of least effort to a line of creating value, a line to produce, to create profit that comes from some worth generated first, such value that is translated into jobs, professionals, experience and skill in our communities, better livelihood and greater value for our country. For God and my Country.
I've been asked several times about my take on these. Here it is:
The above: Telexfree and Adfast etc., they are only modified schemes of the original "Rob from Peter to pay Paul" popularized by Charles Ponzi (1882-1949) that are always fueled by the newcomers.
They are modified this time in a way that they offer you something to do that is say, "post an ad". But in true logic, that which you do is not of such value to yield such returns as you receive. An example: one person posting an 'unattractive one liner ad' to Facebook daily does not create much benefit for that which is being advertised as there are very few clicks or even none at all for the links one might just carelessly post around different groups on Facebook, yet you are promised and rewarded highly for adverts of not so much value. In comparison, let's take Facebook advertising: with a budget of $5 dollars (about 12,500 shillings) only in one day, your advert can reach up to 11,000 people that day. If you do this weekly for one week, that is: $35 dollars which is 87,500, and you will have reached up to 77,000 people with your advert.
So in contrast, a person posting worthless ads that are not seen or even clicked on that often is paid, say 100,000 shillings a week and someone spending 87,500 shillings on Facebook adverts reaches up to 77,000 people that week. So do you see the discrepancy in that scenario? Someone is being paid for naught! What is he being paid for again? This reeks of compensation that is not clearly earned and indeed the posting of adverts is a cover up for some other means by which you make your earnings and that is simply: someone is robbing from Peter to pay you "Paul".
So conclusively, who is the Peter in this case? Yes, you got that right: It's the newcomers! They provide the cash-flow for such pyramids, that is why there are always 'handsome' incentives for those that herd along new entrants. They are the blood of the scheme, the one that keeps the whole thing running, the ones that pay everyone all the way to the top and until there are fewer entrants to the scheme it will flourish, until up to a point when the number of new entrants has reduced so much to an extent that it can no longer pay the dues of those that came before. That is when the bubble bursts. That is when it all comes tumbling down.
The concept that leads us to fall prey to such schemes is really that which feasts upon the natural law of man wanting quick returns bred by the least effort possible. Let's shun following this line of least effort to a line of creating value, a line to produce, to create profit that comes from some worth generated first, such value that is translated into jobs, professionals, experience and skill in our communities, better livelihood and greater value for our country. For God and my Country.
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