Hey guys I'm a developer myself and I was thinking how all of these HYIPs stay alive for so long
And I realized that all of their stats have much more in deposits than withdrawals.
So what if we make our own HYIP website?
We make it transparent and talk about how it really works.
The way it will work is that as long as the users keep growing there will always be more in deposits (because you will invest more than you earn, not crazy amounts - but here it will be transparent so you will trust it with more funds).
Does anyone get what I'm talking about? Do you think this can work?
Yeah, I joined one that promised extensive transparency and the possibility (not promise) of strong returns; the more I looked into it, the more I realised that they are unlicensed (claiming they can't get and don't need a license because they only deal in Bitcoin, which isn't money) and have a few staff members with a history in scammy projects. Also, they had a shit-fit when I asked a question about their forex broker, while mentioning that I had spoken to them directly. I shouldn't even have known about their broker, how dare I! (I found out the name from one of their staff members.) Yeah, nice transparency...
I'm not 100% sure they're a scam yet, but I've pulled must of my funds out now.