The Bangkok Beer Guru is participating in an experimental initiative to launch a new digital cash payment system. Participants have an opportunity to earn some future rewards, by helping to build a user network.
We invite interested parties to join the experiment:
I have heard the following criticisms, and I have added my response:
1. Criticism : This sounds like a “Ponzi scheme.” My response: No, because nothing is being bought or sold. It is more like a “chain letter” – but a chain letter with online tracking of network construction, such that participants are recorded, and have a reasonable likelihood of someday being rewarded for participating.
2. Criticism: This sounds like a scam, to make the originators rich. My response: The only way that the founders can get rich is if they make the new currency valuable for everyone who holds it – and all participants must already be holding and using the currency promised to them, before the currency can grow in value.
3. Criticism: I am worried about the security of my personal information. My response: To register, you provide only your name and an e-mail address, and a password. DO create a new and unique password that you use only for this program. They do not request or store any financial information, nor do they ask for your address or phone number .
4. Criticism: This sounds like a typical “get rich quick scheme” – which never bear fruit. My response: When you register – which takes less than 60 seconds – you already receive a modest allocation of future digital cash. You won’t get rich, but you will probably earn a good ROI (albeit with delayed payout) on your 60 seconds of time. If you put in more time, to help build the network, you earn a bigger future payout. But – this is not a way to get rich. It is more like a way to hedge your bets, by giving yourself one more future option.
If you register, I will verify you. Step up, or step aside! All are welcome! Register here.
The Bangkok Beer Guru