Because everyone is doing it – the bandwagon effect
It is a widespread human behaviour: we often follow the lead of others because we assume that the majority cannot be wrong. However, it is precisely this phenomenon that is deliberately exploited in cases of MLM (multi-level marketing) fraud. Many victims report that they allowed themselves to be infected by the euphoria of others. The […]
New pilot, defective aircraft – Blocktrade with eSync!
Why Blocktrade and its partners are having trouble getting established! The latest AMA (Ask Me Anything) from Sam Tan, the new beacon of hope at the helm of Blocktrade and eSync, should shed some light on the situation. Tan tried to present a vision for the future and regain the trust of investors. But despite […]
Why we believe that bad things only happen to others: the optimism bias
People believe that bad things happen less to them than to others. They are therefore too optimistic – even when there is actually no good reason for it. In the case of fraudulent MLM schemes, it works like this: A trusting investor thinks: ‘The cases of fraud I hear about may happen to others, but […]
Blocktrade: Visions, promises and reality!
The announcement of a new era at Blocktrade has attracted a lot of attention in recent weeks. Under the banner ‘EPIC Blocktrade’, the platform is to be comprehensively transformed. With a broader range of services, including a gaming centre and investment diversification, a global marketplace for tokenised assets is to be created. In addition, the […]
Blocktrade: Sam Tan – a beacon of hope or just a means to an end?
Blocktrade continues to fall short of its own promises. Neither the introduction of eCredits nor the BTEX token have achieved the hoped-for success. Instead, both prices are in a sustained decline, and a long-announced IPO has not yet taken place. The shares, which were advertised as highly promising, also offer no prospect of monetisation. Customer […]
Confirmation bias: why we always want to be right – the confirmation bias
As the second Sunday of Advent approaches, we would like to shed some light on a topic that encourages people to critically question their own behaviour. If you have invested in systems such as Lyoness, Lyconet, myWorld, HyperVerse, GSPartner, Karatbars, Safir, Zeniq, Xera, XeraPro or XPro, the following Advent posts may encourage you to reflect […]
Blocktrade: The next worst case scenario for marketers?
Hubert Freidl and his associates have always denied any connection to Blocktrade. But as already researched and documented in detail in earlier reports, written evidence exists that refutes these claims. After a period of relative calm around the platform, there are now again grandiose promises: a new management level and a ‘strategic realignment’ are supposed […]
Ponzi schemes and pyramid schemes & the cognitive biases: how our brains can trap us
On the first Sunday of Advent, we would like to shed some light on the matter – a light that might encourage people to critically question their own behaviour. If you have invested in systems such as Lyoness, Lyconet, myWorld, HyperVerse, GSPartner, Karatbars, Safir, Zeniq, Xera, XeraPro or XPro, the following Advent posts might help […]
Lyconet and AI avatars: vision or illusion?
Lyconet is touting personalised AI avatars as a groundbreaking innovation in network marketing. But is this vision really a revolution – or a technical illusion? Numerous unanswered questions regarding technology, economic efficiency and legal conditions cast doubt on the project’s feasibility. Technological hurdles: deceptively real or half-baked? Lyconet promises deceptively real AI avatars – from […]