I've moved all of my blogging activity to The Lucid Blog.
You can visit my new home at:
www.thelucidblog.com
Running an announcement program like the Early Bird requires me to be subscribed to all kinds of safelists, mailing lists and PTR's. This helps ensure I don't miss anything new that I consider worth sharing with my subscribers.
But I am sick to the back teeth of receiving alerts for the latest Doubler program.
In point of fact, these kind of programs have been around for decades. They change names occasionally, but they are all variations on a Ponzi scheme.
In case you've somehow not heard of them, doublers invite you to invest money in their scheme and they will return double in your money after so many days or weeks.
Of course to double your money, the extra funds have to come from somewhere. The owners of these programs get their money from recruiting more and more people. Each time the program cycles, the latest investors pay the earlier investors. It doesn't take a mathematical genius to work out that eventually there are not enough new sign-ups to maintain the payouts and the program fizzles out.
I received an email from one idiot "revealing" that the key to earning from doublers is to join early before they disappear.
This reasoning conveniently ignores the fact that the profits from these programs ultimately comes from the people that lose their investment and see no return.
You could argue that anyone foolish enough to join these schemes deserve their loss, but this is no excuse for supporting this kind of fraud.
So please, if you have an ounce of decency, leave these programs alone. In fact, go one better. If you sell advertising, do not allow people to advertise there scams to your network. Take a stand against it, otherwise you're simply helping to perpetuate it.
posted by David Congreave @ 1:58 PM
4 Comments:
Theres a fool born every minute, and a criminal every thirty seconds.
These schemes will never die out, and will only get more publicity as more and more people people spam. Safe lists are usually not that safe, spam lists are easily obtainable, and search engines could stop indexing these sites, but choose not to, in fact they prefer them over genuine sites as the spammers have more people linking to them trying to get refferals.....
ken
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Now folks, yes I agree with your comments as I know fine well that eventually someone will lose out.
However it is not necessarily the same people all the time, and basically this is not a lot different to gambling.
If you place a bet on a football team or a horserace or basketball match or whatever it is gambling with the object of making a quick buck. Obviously the majority lose out and the bookmakers win.
Doublers therefor are not a lot different where we put our money in and hope for a quick return. Yes they may well be immoral and someone will lose out, but surely if you put your money into these things you should know that it might be you who loses and again the only ones that really win are the the program owners.
Unfortunately we are l;iving in a world where most people want something for nothing and it doesn't matter who foots the bill.
The main difference being is that "Gambling" (also immoral in my opinion) does not disguise what it is.
You gamble, you win or lose.
Ponzi schemes often disguise themselves as legitimate business opportunities. The people that fall for this may be naive but, that isn't an excuse for robbing them.
If you use doublers, WITH FULL KNOWLEDGE OF WHAT THEY ARE, you are no better than the man that mugs pensioners coming out of the post office.
Doublers are based on the Ponzi scheme. Here's a good description:
http://netmarketingforum.com/forum/viewtopic.php?t=2458
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