Why is Ponzi still so relevant? (Part II and final)

Let's continue with the previous post and here, I will tell you other aspects I think, keep Ponzi in the spotlight.

Get any amount of people and you will achieve the goal, otherwise, you didn't believe enough.

The promised land. Being at the bottom of the pyramid with the illusion that one day, you will be at the top and everything you invested will magically multiply. The math is so overwhelming that is a few rungs down in a pyramid. It means that it takes an impossible amount of people for you to see any dividends.

In a matter of time, the scheme becomes unsustainable, and many run out of money, most essentially. So if the bubble bursts the only understandable excuse is: "The goal was not achieved because people didn't have faith, didn't fully believe in the investment" and wham, they disappear with your money, and your dignity.

Great People with Great Content

Look at all that so-and-so got, thanks to this system.

Like everything else, testimonials can cause the total conviction of those who are looking for the money they will never get in a pyramid scheme. Know how John Doe's life was changed by "the triangle of abundance" since he now bought a house in the Hamptons and all thanks to this wonderful strategy.

The problem is that neither John Doe exists, nor you are going to get back the money you are giving away. What is even funnier is the nature of people, who invite you to join because they are already in it too and need to somehow get out of it, showing false positivism that everything will be fine.

My friends, if this system worked, there would be more people earning money, and not losing it hand over fist as it usually happens with pyramids. This is worse than betting, since at least betting there is a way to win thanks to chance, and well, at least it gives you some fun in the process (not in all cases, remember that gambling is a serious thing).

The world changes, and so do its methods.

Here is a topic that confers us, and I will divide it into two parts. If you are here writing, commenting, and sharing your ideas, by now you must be familiar with the world of cryptocurrencies (If not, please before even posting something, I recommend you to read a little about what it's all about), and how is their behavior in the market, even if we don't want to, eventually we end up learning about it.

I still have sweet memories of #BCH reaching $700, by the time I'm writing this, it has reached $299 (all a shame, for some, and a boon for others), but if I've learned anything it's that this world is volatile and wild. And the Ponzi scheme fanatics know that all too well (or did they think they would not move to these sites?).

Now many sites are dedicated to "multiply" cryptocurrencies, (usually the #BTC) with just a small sum, and now they take it to another level, offering a return on investment of up to 200% or any other hilarious amount (the more zeros, the fancier).

These sites usually start from the same principle, they require an amount to get started, then a series of simple tasks to "motivate" (trick) the investor, and finally they require you to get referrals with a link. Right now it is more interesting because you don't need to drag friends, family, and acquaintances, but it is enough that someone clicks on your link and registers on the site; and when the miracle happens... out of nowhere the site disappears, or if you reached the goal quickly, they simply ban you and delete you from their system, and bye-bye money.

See you next time pals, there are more things to talk about.

Lead image Castorly Stock on Pexels

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