In the topic of Finance, I chose to speak about the theme of investment, and not just about that, but about scam Investments.
Many of us have awful experiences with scam Investments, and a good number of us have lost reasonable sum of money. Yet, Greed won't allow us look away from these investments because of the mouth-watery promises they advertise.
Ponzi Schemes are part of these scam Investments that have undergone series of upgrades such that they claim affiliation with top projects in the financial space, and you may easily fall victim if you don't do your due research.
In the video, I spoke about my experience with Ponzi Schemes in 2016 - 2017 during the wave of Mavrodi Mundial Moneybox (MMM), Clarrita, Twinkas, Giver's Forum, Ultimate Cycler, I-Charity and so much more, in Nigeria. It was really hot that period, and I'm sure I joined nothing less than 20 different Ponzi Schemes before I realised what was really going on.
Ponzi Schemes also introduced me to Cryptocurrency the very first time in 2020. It was the first time I downloaded Trust Wallet, I learnt little about it and how to operate the smart contract associated with the Ponzi. As at then, Million Money, Authoetherbot and Forsage were on the rise. We had to buy Ethereum to transact, and i learnt about Gas or Transaction fees. This was different as it wasn't in our normal currency, so I felt it was legit. But, we learn our lessons. And it was from here I first calculated the required way to complete all stages. And I discovered it was almost impossible.
Many of my friends who had purchased up to 2 - 6 Ethereum that period, as ETH was around $100, regretted their decisions to transfer the ETH for upgrading to the next stage. Some don't even want to hear about cryptocurrency anymore.
But, I'm really glad I had such experience as it helped in building me.
THE PONZI MATHS
The truth is that the people advertising Ponzi Schemes do not tell us what is really involved. They say, just bring two people, and the two people will bring two people. Then your line keeps growing... blah blah blah... and you keep re-inesting your profits till you get to level 10, and we give you a Car, or Trip to Singapore.
Damn!!!
That's a real scam, you know?
When I was in Autoetherbot, a lowbudget version of Millions Money, someone was willing to create more than 100 accounts to ensure that we finish the whole levels and get about 14 ETH for each account.
As a tactical person, I did the placement and it was easier for me to onboard people because I was assured that yea, everyone will win.
Yea, that's me! Everyone can win!
But when it was taking so long to complete the 4th level, I then took my time to calculate this. Then I realized that it was really a shit hole.
This is the calculation they won't tell you, because it is so complicated, and not everyone will understand it. But, in all, you'll need about 2046 people under you to receive your complete payment in Level Four. Just Level Four oooo....
LEVEL ONE
Ksam pays his upliner and upgrades to Level 1, to receive Level 1 payment.
1 and 2 pay Ksam... Ksam receives payment for Level 1
Ksam needs only 2 people in the first level to pay him
LEVEL TWO
Ksam upgrades to Level 2
To get payment for Level 2, Ksam needs to receive payment from 3, 4, 5 and 6.
But before they pay Ksam to upgrade to Level 2, they (3, 4, 5 and 6) need to have paid 1 and 2 to enter level 1.
Then, they will receive their level 1 payments from 7, 8...14.
Ksam needs only 14 people to completely receive his returns in Level 2.
LEVEL THREE
Ksam upgrades to level 3
- To get payment for level 3, Ksam needs to receive LEVEL 3 upgrade payment from 7, 8…14.
- But before they (7, 8…14) pay Ksam to upgrade to Level 3, they need to first enter level one, then upgrade from level one to level two and finally level three.
- Hence, they (7, 8… 14) need to pay 3, 4, 5 and 6 to enter level one.
- Then, to upgrade from level one to level two they (7, 8…14) need to have received payment from 15, 16, 17…30, then pay 1 and 2 to enter level two.
- To upgrade from level two to three, they (7, 8…14) need to have received level 2 payment from 31, 32… 62.
- And you know, 31, 32…62 need to pay 15, 16…30 to enter level one.
- They (31, 32…64) need to receive 1st level payment from 63, 64… 126 before they can upgrade to level 2.
- When 31, 32…64 receive the first level payment, they now pay 7,8…14 to upgrade to level 2
- When 7, 8…14 receive level two upgrade payment, they will pay Ksam to upgrade to level 3.
- When Ksam receives the upgrade payment, he then goes ahead to pay his 4th upliner to upgrade to level 4.
- But before they (7, 8…14) pay Ksam to upgrade to Level 3, they need to first enter level one, then upgrade from level one to level two and finally level three.
Thus, Ksam needs a total of 126 Complete downliners to receive his Level 3 payment.
LEVEL FOUR
It starts getting really difficult as Ksam may wait till eternity to receive his complete level 4 payment. This is because, Ksam needs to receive level 4 upgrade payment from members in 15, 16…30. And to upgrade to level four; they must have upgraded from level one to level two, then to level three, and finally level 4.
- 15, 16…30 will make payment to 7, 8..14 to enter level one.
- They (15 - 30) will receive level one payment from, 31, 32…62, and from this they will pay 3, 4, 5 and 6 to enter level two.
- To get level two payment in order to upgrade, 15, 16…30 will need to receive level 2 upgrade payment from 63, 64…126
- 63, 64….126 need to receive level one payment from 127, 128…254 before they can pay 15, 16…30 to upgrade to level 2
- When 63, 64…126 pay the level 2 upgrade fee to 15, 16…30, then they can pay 1 and 2, to upgrade to level 3.
- The next stage will be for 15, 16…30 to receive level 3 payment from 127, 128…254 in order to upgrade to level 4, to pay Ksam.
- Before 127, 128..254 can send level 3 upgrade payment, they need to receive level 1 and two payments.
- 127, 128…254 will receive level one payment from 255, 256…510, and upgrade to level 2.
- 127, 128…254 will receive level two payment from 511, 512…1022 to upgrade to level 3, before they can receive level 3 payments.
- For 511, 512…1022 to receive level two payments, they must have received level one payment from 1023, 1024…2046
- Having received level one payment from 1023-2046, they (511-1022) can now upgrade to level two by paying 127 – 254.
- With the level two payment received, 127 – 254 can now pay 15 – 30 to upgrade to level three.
- When 15 – 30 receive the level three upgrade payment from 127 – 254, they can not pay Ksam to upgrade to level 4.
- Before 127, 128..254 can send level 3 upgrade payment, they need to receive level 1 and two payments.
This implies that Ksam needs a total of 2046 people under him to successfully receive his payment for Level 4.
This is only level 4!
How far are you going to build this community?
And this is for you to successfully earn at that level. What about your downliners? The calculations begin with them at the top.
In everything you do, I strongly advice that you run away from Ponzi Schemes, no matter how they present themselves. Some may tell you that you are working for the organisation and it is your responsibility to bring more people so that more money can come in. However, in so far as it is Ponzi, run away or if you're ready to fight the fight, then fight on!
However, always identify the risks involved in any investment before investing.
Have you experienced Ponzi Schemes before? What do you think about it?
Let me hear what you think in the comment section.
- Logo Collage property of: Hive Learners, Ecency, Leofinance, Hive, 3speak and Ksam.
- Thumbnail was edited via Capcut
- Ksam downliners image created by me
I AM KSAM
I may not be your favourite author, but you can journey with me to help me develop my writing skills. I am always open to criticism, correction and learning 🥰.
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