Does this seem like a scam to anyone else?

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Hector13

Golden Member
Apr 4, 2000
1,694
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in a word... yes. Seems like some wierd pyramid scheme (or "matrix" scheme in this case).
 
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ThaGrandCow

Diamond Member
Dec 27, 2001
7,956
2
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It's not a scam, it's called a martix.

Basically, you put in so much money (I'll use the $50 Playstation from a month ago as an example) and once a certain number of people have put in money the first person on the list gets a playstation. Once the same ammount of people have put in money the second person gets theirs.

For the Playstation 2, it was 5 people @ $50. Once 5 people paid, person #1 got a PS2. Once 10 people paid, person #2 got a PS2.

It adds up quickly. Say you were person #20 on the list, you wouldn't get a PS2 until 100 people had paid. So unless you're #1 or 2 on the list I wouldn't go for it.
 
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Hector13

Golden Member
Apr 4, 2000
1,694
0
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Originally posted by: ThaGrandCow
It's not a scam, it's called a martix.

Basically, you put in so much money (I'll use the $50 Playstation from a month ago as an example) and once a certain number of people have put in money the first person on the list gets a playstation. Once the same ammount of people have put in money the second person gets theirs.

For the Playstation 2, it was 5 people @ $50. Once 5 people paid, person #1 got a PS2. Once 10 people paid, person #2 got a PS2.

It adds up quickly. Say you were person #20 on the list, you wouldn't get a PS2 until 100 people had paid. So unless you're #1 or 2 on the list I wouldn't go for it.
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right... so it sounds like a pyramid scam (I mean scheme)
 
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AvesPKS

Diamond Member
Apr 21, 2000
4,729
0
0
Originally posted by: ThaGrandCow
It's not a scam, it's called a martix.

Basically, you put in so much money (I'll use the $50 Playstation from a month ago as an example) and once a certain number of people have put in money the first person on the list gets a playstation. Once the same ammount of people have put in money the second person gets theirs.

For the Playstation 2, it was 5 people @ $50. Once 5 people paid, person #1 got a PS2. Once 10 people paid, person #2 got a PS2.

It adds up quickly. Say you were person #20 on the list, you wouldn't get a PS2 until 100 people had paid. So unless you're #1 or 2 on the list I wouldn't go for it.
Click to expand...

How is this not a pyramid scheme?
 
A

Antisocial Virge

Diamond Member
Dec 13, 1999
6,578
0
0
Originally posted by: ThaGrandCow
It's not a scam, it's called a martix.

Basically, you put in so much money (I'll use the $50 Playstation from a month ago as an example) and once a certain number of people have put in money the first person on the list gets a playstation. Once the same ammount of people have put in money the second person gets theirs.

For the Playstation 2, it was 5 people @ $50. Once 5 people paid, person #1 got a PS2. Once 10 people paid, person #2 got a PS2.

It adds up quickly. Say you were person #20 on the list, you wouldn't get a PS2 until 100 people had paid. So unless you're #1 or 2 on the list I wouldn't go for it.
Click to expand...

It is a scam. Its a pyramid or a ponzi type setup.
 
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Syringer

Lifer
Aug 2, 2001
19,333
2
71
A scam is something that doesn't work the way it's advertised to be. If this thing works out though, how is it a scam?
 
K

Krugger

Senior member
Mar 22, 2001
820
0
0
b/c it makes it seem like you're gonna get something you don't, just like a pyramid scheme. they don't come out and say, this is a pyramid scam, you're only gonna get paid if you are one of the people that has started this... they say, oh look how easy, you'll make thousands... i'm sure this thing is similar.
 
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Syringer

Lifer
Aug 2, 2001
19,333
2
71
Originally posted by: Krugger
b/c it makes it seem like you're gonna get something you don't, just like a pyramid scheme. they don't come out and say, this is a pyramid scam, you're only gonna get paid if you are one of the people that has started this... they say, oh look how easy, you'll make thousands... i'm sure this thing is similar.
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This thing is advertised as it is. If it works, and who's to say it doesn't without trying it..it's legit, and not a scam.

It's no different than online brokers advertising people making money on the stock market, they don't say "Beware, potential loss of money involved"..
 
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Antisocial Virge

Diamond Member
Dec 13, 1999
6,578
0
0
Originally posted by: Syringer
A scam is something that doesn't work the way it's advertised to be. If this thing works out though, how is it a scam?
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Do a google search for "matrix scam" Its not even a typical pyramid scam. The people that keep track of the money and let you know the progress of the "matrix"growth are the people that made the website. So lets just say its in thier best interest to have the matrix grow even slower than it actually is and pocket even more cash.
 
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Hector13

Golden Member
Apr 4, 2000
1,694
0
0
Originally posted by: Syringer
Originally posted by: Krugger
b/c it makes it seem like you're gonna get something you don't, just like a pyramid scheme. they don't come out and say, this is a pyramid scam, you're only gonna get paid if you are one of the people that has started this... they say, oh look how easy, you'll make thousands... i'm sure this thing is similar.
Click to expand...

This thing is advertised as it is. If it works, and who's to say it doesn't without trying it..it's legit, and not a scam.
Click to expand...

why don't you sign up and let us know if it "works".

It's no different than online brokers advertising people making money on the stock market, they don't say "Beware, potential loss of money involved"..
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Sure they do, watch any of their adds and you will see something like this (from etrade):

Securities products and services offered by E*TRADE Securities LLC (member NASD/SIPC) are not insured by the FDIC, are not guaranteed deposits or obligations of E*TRADE Bank, and are subject to investment risk, including possible loss of the principal invested.
 
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