RE: Help Us Launch The First Steemit Marketing Initiative That Pays You To Refer
Some of the naysayers lack objectivity in my opinion. I have personal experience of the honesty of the principals. Businesses do fail. Probably less than 1 in 10 startups work out. I was fully reimbursed in my investment project with MichaelX when regulatory hurdles and other factors put the project to an end.
I know investors lost money with Mark Lyford's project, but there were no funds left to reimburse when he was forced to close it down due to lack of operating capital. That is not scamming. I know many very successful businessmen who weren't successful on their first try. I have lost on some investments in the crypto world, and gained on others.
Please be objective in evaluating this proposal.
I upvoted the post and Stan Larimer's comment.
It is scamming when the business and money collection is continued even when it's clear that it will fail. I view Lyford as a long-con man. He doesn't try to do quick money and run, but instead he is milking as much as he can from same people. I've seen his videos so I know he can be very convincing – I was even convinced of him when I first stumbled upon his businesses. Fortunately I was too lazy to make any investments at the time.
Lyford didn't just lose the investment money because of some unforeseeable difficulties. His business plans were doomed to fail from the beginning. He is only a marketing guy who knows to sell, but apparently he has no intention of actually delivering the products. He just takes the money and says "oops, it didn't work out". And after a while he has new business which will go exactly the same way.
I've met people like him before and I don't want to see them here in Steem.
And I say this to you too: By defending a scammer you are ruining your own reputation.
Please tell us how you were scammed. Never mind what someone else says about someone else, innuendo and demagoguery. Please speak from first hand knowledge of how YOU were scammed. I have spoken from first hand knowledge of how I was treated fairly.
@onceuponatime: please tell us how you were attacked personally by @samupaha that justifies your intervention. Never mind what someone else says about someone else, isn't that what you just said?
And by the same token of non-intervention in larger community issues that doesn't affect one personally, we shouldn't care about anything that doesn't affect us personally: child abuse, rape, murders, theft etc. Let it be, it's none of our business. Is that what you are saying?
People make mistakes. He was too ambitious. He and others failed. All of whom knew the risk.
Banx has been paying "dividends" until Q4 2015 out of "profits" (which means that Banx was supposedly operating at a profit) all the while trying to sell more shares using MLM. A few months later it was bust. Now how do you explain that a business that was so profitable that it could afford to pay dividends can burn all of its retained profits and capital in a couple of months and go bust because they didn't manage to sell more shares, all without a single good reason to explain that surprising blow up? Well the only explanation that makes sense is that banx wasn't making that much profits and had been paying dividends off share capital to keep new investors coming. That's called a ponzi scheme, and ponzi schemes are almost always scams unless they clearly advertize themselves as such. In the extremely unlikely event that Banx was victim of an unfortunate blackswan event, Lyford would be able to prove it easily by opening his accounting books and showing how all the income flows got squeezed and how all the capital went away. In the meantime, you can't blame people for applying Occam's razor and assuming that Banx was a ponzi scam.
Thank you for vouching for the business relations you have had in the past with us and your experience. I appreciate objective comments.
Someone who worked on the LottoShares project - you know, the one that didn't work out but everyone was refunded (not typical in this industry). I am sure you will find a way to call that a scam too.
I could have answered @michaelx
You beat me to it.
Who are you?
The voice of reason. you are right and that is exactly why I defended Mark. Not his failure, but him, as a person.
This is a real proposal and a good one too. It's been built and we are more than happy to have wide community involvement int he shaping of the education and overall product that is put out.