Friday, October 12, 2007

Digitalmoneyworld on Pecunix payment interface

Mark Herpel at Digitalmoneyworld has an interesting article on a new pecunix pilot scheme . Basically what it is Pecunix staff are physically marking accounts that they identify as most probably being hyip ponzis or similar. When a member of these programs goes to spend they are met with a warning in the payment screen.

A3union payment screen is shown as an example I wonder if their ears are burning lol Not a member of course I usually steer clear of programs that say they are "real investments" as they are the most damaging in the long run. Real in your dreams

http://pecunix.com/pay.me?payments@a3union.com

I've always read that pecunix says NO to ponzi type hyips so what's the go now? They are anti hyip ponzi or they aren't can't have it both ways. If they are really anti ponzi and identify an account that they are going to put up this warning on why arent they just booting the account? Like hey ponzi hyip take a hike we say NO to hyips? After all they are a private company so they can pretty much do that. Or is it a case of ok cool we will let you operate accept the fees (fees are nice after all I expect for any business) But hey we are going to put up this screen to warn others but your fine just operate as usual and do pay your fees

On the other hand yes it serves as a very "in your face" visual warning for all, more so the total newbie that may have been introduced to this arena by some of the more unscrupulous "uplines" out there without the very real risks being laid out. They choose whether to proceed after reading but at least they have been given a heads up. I've just read the comments on Marks blog, you can go over there and comment or read. Link is here Pecunix founder has also left a comment there on what an account holder can do if they feel their account is marked in error. in the meantime just keep them fees coming.

1 comments:

Rat said...

Your somewhat cynical comment needs careful consideration. Mark has addressed it well, pointing out the deeper effect of our policy, but there is more to add.

http://www.digitalmoneyworld.com/pecunix-takes-proactive-approach-to-curbing-hyip-ponzis/

You write “I’ve always read that Pecunix says NO to ponzi hyips”… but how does a business such as Pecunix effectively do this?

If you are suggesting that Pecunix should simply close the offending accounts, you are suggesting the exact same solution that e-gold tried, and which obviously failed dismally. By doing this, we would simply start a vicious circle, or a race with the Ponzi operators, where they set the rules and have all the advantages, and ultimately the Ponzi victims lose. In such a scenario, the Ponzi simply opens a new account and their “investors” never know that there is a problem. When the new account is discovered and closed, the whole cycle starts again, and there is absolutely no assistance or notification to potential victims.

Pecunix exists as a service to its customers, not as an authoritarian dictator of rules and behavior. We believe our policy offers the best possible service to our customers, educating and notifying them of risks, but not dictating their actions.