it's 2020 and the good old ponzi scheme still seems to be getting away with murder. How? I have no freaken clue but it must be greed above all.

It's so simple to spot a ponzi scheme yet so many people fall victim to this on a daily that it needs to be discussed. First of all. Whether your making money or not. If your involved in one. Your part of the problem because your the marketer that is ultimately recruiting the individual that is eventually going to be the one that loses money.

Identifying a ponzi scheme is very easy but it doesn't seem to detour investors. A few common things all ponzi schemes have involved is as follows:

• Multi level marketing strategy - rewards for referrals. You do all the marketing. You get all the marketing money. It's hilarious to think companies are still getting away with this. 
• No actual source of revenue other than the members funds or an unverifiable source of profit claims
• A unrealistic ROI. This one needs to be talked about because remember Warren buffet was deemed one of the greatest investment of all times and he averaged around 20%. So anyone offering you something unrealistically higher than this with no reliable source of verification is mostlikely a ponzi scheme. Granted the Defi space has created returns like this but the logic behind the enormous APYs earned could be explained and was very much short lived.

It's a user and an ambassador of the cryptocurrency space I feel it's essential for all of us to call out any scams whether they are profitable or not. If you think it's a Scam and your unable to prove that it's not a scam its our duty to let people know so that they can avoid it and make sure no one in the future gets hurt. Mti, ether chain, trxchain and there or so many others that haven't even failed as of yet because they swamping through the loads of money and the greed of people. Stop investing cause your part of the problem.. If your smart and I'm sure you are deep down you probably know!

Do it the right way! Like my mommy always use to say. There's no free lunch and you best believe you gone have to work for your money or suffer the conscious associated to the money you got the wrong way. 

Much love publish fam and happy trading. 

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