How to earn in ipaydaily or other HYIP?
October 9, 2008 6:00am CST
Hi guys, I heard about ipaydaily in myLot today and I looked it up and even read the spam posts about it in random forums, however, I still don't understand how I can earn from it. Can somebody please explain it in simple terms? They have "plans" on their site as well that has interest rates but that just made things worse - an INTEREST of 107% means you get your premium plus another 107%, right? But I don't think they're really that generous.
2 Jan 09
Most (if not all) HYIP schemes are ponzi scheme or other scams. Ponzi schemes pay members with the investments of new members until people stop joining, and the scheme collapses or people running the scheme has enough money in their hands and make a run for it.