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Showing posts from November, 2016

MMM and Ponzi schemes, Taproot of evil??

  Through 2016, Nigerians have been 'blessed' by several networking platforms, from great MMM to Ultimate cycler to wow givers forum. Most of these originated in the past years and became quite popular this year probably fueled by the regressive economy and all round inflation and hardship. I can't divert to the history of these platforms as the guiders and disciples would hang me for every word so if you think there might still be an atom of credibility check out their respective Wikipedia pages. A simple way of explaining a ponzi or pyramid scheme is in the name Pyramid. It is not a cycle of help giving as the description would always suggest. It is simply a structure constructed by a person or group of persons with sole aim of ensuring a continuous flow of money to the top by always adding layers of larger bases to existing pyramid by the concept of rewarding higher layers of the pyramids with such increase.  A well planned and executed pyramid scheme can kee