Ponzi and Pyramid Schemes

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Bitcoin Ponzi scheme in South Africa part 2 – it all ended in flames

19 Jul 2019 4 minute read 2 comments Bitcoin Babaji

As I mentioned in a previous post a few days ago, naive South Africans have been lured into a classic Bitcoin Ponzi scheme in Zululand, where education standards leave a lot to be desired. Basic schooling is limited, what to speak of financial educat...

How naive natives fall for Bitcoin Ponzi Schemes in South Africa

19 Jul 2019 3 minute read 0 comments Bitcoin Babaji

Bitcoin scams are all over the place, none more so than in less educated third world countries like mine. South Africa has its own share of ponzi schemes being run as get-rich-quick projects. The first one I heard of is called Bitcoin Revolution thou...

Crypto Scams: Here is How You Get scammed and Tips to Avoid Being a Victim

4 Jul 2019 1 minute read 3 comments Cryptofivers

Crypto scams are on the rise and since the market is not regulated many victims struggle with their losses. It is also hard to obtain accurate data and the scammers are aware of the digital money market weaknesses. Identifying a crypto scam might not...

The mother of all pyramids (pension system) #HUSTLEFORLIFE

28 May 2020 1 minute read 0 comments HUSTLE FOR LIFE

Did you know Pirates were first to come up with some kind of pension system? Do you save money for your retirement? Do you trust the government with your money? If any from these questions raised your eyebrows, this video is for you.

The Siren song of guaranteed returns returns !!!

30 Jan 2020 6 minute read 1 comment Dave Sawyer

Hello crytofans we love you! Ever see those ads for guaranteed interest rates for your hard earned crypto ?  Yes you have!  Are you tempted? Of course you are!  Are some interest payments safe and reliable and real, are some Harpies, Undines calling...