Anyone been on queue on a Matrix Scheme?
As some of you may know, there are several ads on EBay requesting people to join a Matrix scheme to get say a Powermac G4 for $250 new. Hence, if 25 people are ahead of you then you'd have to wait for approximately 300 people to sign up (dual 1.42 model at $2500 with a 20% profit for the scheme operator). Anyone tried this? This sounds like on of those "If it's too good too be true then ..." it is sort of things.
Kompressor
Kompressor
Comments
Kompressor
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Another problem is that members very rarely directly benefit from their own recruitment efforts. All the new members get put into the tree in order. So people lose what little optimism they had to begin with.
I actually joined one of these programs at the end of the 'get paid to surf the internet' era. It was the only one with unbalanced growth, so me and people under me started making a little bank, but all the ad companies dried up.
Originally posted by Kompressor
I realise that it is precariously silly to plunk down $250.00 on some promise of receiving a PM 1.42 maybe 6 months down the line but it appears that the math does work as long as the scheme continuously brings people in.
Unless it runs forever, the last people in line will always lose money.
Originally posted by Towel
Remember how those rampant pyramid scams destroyed the entire economy of Albania a few years back? We're all smarter than Albanians, aren't we?
IIRC, those Albanian Ponzi schemes were government initiated too!
Yeah...we're all SO different from Albanians. For instance, we live in different countries, and then.....well, that's about the only difference really.
1. IT IS ILLEGAL in most states
2. You have to get in early to have any chance of receiving anything.
3. And of course, point number 2 means that the late joiners lose out BIG TIME!
Kompressor
Its just really hard to get one if you are further down the list
Second its illegal to sell information packets and URLs on ebay.