Vizionary Review: Norwegian scammer tries cryptocurrency?
Vizionary operate in the cryptocurrency MLM niche and name Frode Berg as Founder on their website.
As per Berg’s Vizionary corporate bio;
Frode Berg is a highly respected sales and team building professional with over 20 years of experience and a history of success.
During this time he has been a Master Distributor and has built reputation for integrity. Frode is known for being highly innovative and methodical and has also been a Marketing Consultant to various companies.
Further research reveals Berg (right) to have been a major player in the Norwegian pyramid scheme, World Games Inc.
World Games Inc. collapsed in 2004, with over 220,000 affiliates losing “large sums of money”.
In 2008 Berg was again tied to a scam, this time a poker-based scheme called T6 Poker.
YOU get bonus EVERY MONTH even if you do not have a single player in your business and the ENTIRE your downline has stopped working. This is ALL networkers DREAM !!! When people realize this will take COMPLETELY off ….
When contacted by Norwegian media regarding his involvement in T6 Poker, Berg told them “T6poker is far from any pyramid scheme.”
By the end of the year T6 Poker had collapsed, again resulting in the vast majority of investors losing money.
How much Frode Berg made in both WGI and T6 Poker is unclear.
In 2012 Berg resurfaced as an affiliate in Ausante.
As per an interview in the January 2012 Ausante affiliate newsletter (page 6);
Ausante has just been an outstanding company. It has delivered way above my expectations.
I don’t find it hard to introduce people to Ausante, The hardest signup was my brother Thomas, he was fighting
against MLM for 7 years basically hating the way I do business.But right now he is flying with Ausante. I predict that he will be making a huge success with Ausante.
I am proud to be a member, I love the mission and I love the business opportunity and I can truly say
for the first time I have found what I have been looking for so long.A home… There is no Plan B….This is IT.
In 2013 former management alleged Ausante was a “worldwide fraud”.
When Berg left Ausante is unclear, but over the last few years he appears to have been concentrating on building an e-cigarette business (non-MLM).
Now it appears Berg is getting back into MLM, hoping to carve himself a slice of the cryptocurrency MLM niche pie.
Read on for a full review of the Vizionary MLM business opportunity.
The Vizionary Product Line
Vizionary has no retailable products or services, with affiliates only able to market affiliate membership with the company itself (€97-€2897).
The Vizionary Compensation Plan
The Vizionary compensation plan sees affiliates spend between €97 and €2897 EUR, with commissions paid when they recruit others who do the same.
All in all, there are four affiliate levels within the Vizionary compensation plan:
- Bronze – €97
- Silver – €297
- Gold – €897
- Platinum – €2897
Recruitment Commissions
Vizionary affiliates are paid direct commission when they recruit new affiliates.
How much of a commission is paid is determined by how much a newly recruited affiliate spends on their membership:
- recruit a Bronze affiliate – €9.70
- recruit a Silver affiliate – €29.70
- recruit a Gold affiliate – €89.70
- recruit a Platinum affiliate – €289.70
These commissions can be temporarily “boosted”, via what Vizionary call the “Momentum Bonus”.
When an affiliate first signs up, they are given seven days of Momentum Bonus time.
Additional hours are added to this time balance, whenever a new Vizionary affiliate is recruited:
- recruit a Bronze affiliate = additional 12 hours
- recruit a Silver affiliate = additional 24 hours
- recruit a Gold affiliate = additional 48 hours
- recruit a Platinum affiliate = additional 72 hours
If a Vizionary affiliate is recruited by an affiliate who has active Momentum Bonus time, the recruitment commission paid out is as follows:
- recruit a Bronze affiliate -€14.55
- recruit a Silver affiliate – €44.55
- recruit a Gold affiliate – €134.55
- recruit a Platinum affiliate – €434.55
Residual Commissions
Residual commissions in Vizionary are paid out via a binary compensation structure.
A binary compensation structure places an affiliate at the top of two binary teams, left and right:
Positions are created in each of these teams, by way of the positions on the previous level splitting into two additional positions each (starting with two positions on level 1).
Business Volume (BV) is tracked throughout each binary team, with BV generated whenever new affiliates are recruited into the teams:
- recruited Bronze affiliate = 50 BV
- recruited Silver affiliate = 200 BV
- recruited Gold affiliate = 600 BV
- recruited Platinum affiliate = 2000 BV
A €75 EUR commission is paid out whenever 500 BV is matched on either side of the binary.
Once matched, this BV is flushed and cannot be used again.
Matching Bonus
Vizionary affiliates can earn a 10% or 5% matching bonus on residual commissions earned by recruited affiliates.
Recruited affiliates that fall on the “power” binary side pay out a 10% bonus, whilst affiliates that fall on the “working” binary side pay out 5%.
Presumably this is in reference to the stronger and weaker binary teams (by BV), however Vizionary do not clarify which side is which in their official compensation plan documentation.
Meanwhile how many levels the Matching Bonus is paid out on is determined by how many Gold or Platinum affiliates have been personally recruited:
- recruit at least one Platinum or Gold affiliate = matching bonus down one level of recruitment
- recruit at least two Platinum or Gold affiliates = matching bonus down two levels of recruitment
- recruit at least three Platinum or Gold affiliates = matching bonus down three levels of recruitment
- recruit at least four Platinum or Gold affiliates = matching bonus down four levels of recruitment
- recruit at least five Platinum or Gold affiliates = matching bonus down five levels of recruitment
- recruit at least six or more Platinum or Gold affiliates = matching bonus down an unlimited level of recruitment (payout reduced to 5% across both binary teams)
Joining Vizionary
Affiliate membership with Vizionary is tied to the purchase of one of the following affiliate packages:
- Bronze – €97
- Silver – €297
- Gold – €897
- Platinum – €2897
The primary difference between these packages is bonus time allocated to the Momentum Bonus recruitment commission.
Conclusion
As per the Vizionary “vision” website page:
Our aim is to ensure that we work with coins that are used for legitimate purposes. We want to build a community of users with a common purpose of supporting, developing, growing, or creating a long term stable payment solution.
We aim to create a community of hard working merchants who are not constantly worried about chargebacks or having their accounts frozen by the banks at whim.
What exactly Vizionary has to do with cryptocurrencies I have no idea, with the compensation plan rooted firmly in the recruitment of new affiliates.
To that end commissions within the MLM business opportunity are only generated when new affiliates are recruited – qualifying Vizionary as a pyramid scheme.
Hardly surprising when you consider Frode Berg’s past involvement in various scams.
The cryptocurrency facade is paper-thin in Vizionary, serving little more than jargon fluff to cover what is otherwise just a binary-based recruitment scheme.
As with all pyramid schemes, once recruitment of new affiliates slows down commissions in Vizionary will grind to a halt.
At that point anyone who hasn’t recouped their initial spend by recruiting new suckers into the scheme, loses out.
This program doesn’t seem to be very active.
TalkGold forum: 4 posts from one person, posted in the cathegory “Cryptocurrencies” (not very active part of the forum).
Alexa rankings:
Frode Berg was active in KB Gold in 2011. The surname “Berg” is relatively common, so it’s difficult to find other programs he has been involved in.
Did you see that this company has a crypto coin on a real exchange site for real crypto currency?
Capricoin is here:
bleutrade.com/exchange/CPC/BTC
The blockchain can be found here:
chainz.cryptoid.info/cpc/
I think you are wrong about this one my good friend Oz.
^^ What does any of that have to do with charging affiliates thousands of EUR to join and paying them to recruit other affiliates, based on how much they themselves spent on membership (pay to play)?
Hi there.
Some solid info you have gathered here but you have missed the boat on some aspects.
You write and I quote,
Other coins have struggled to reach the masses with their coin. Vizionary is the distribution arm to Capricoin, a crypto currency.
People can buy capricoin on the public exchange, but can also be involved with the distribution of that coin as the trend suggests value will increase.
Pyramid scheme? No. Why? Because the product itself is worth great value without recruiting anybody. I have people who have come on board purely to diversify their assets, or take it out of the bank.
You must understand the platform before you write this kind of thing.
Paying affiliates to recruit new affiliates constitutes a pyramid scheme. Any products or services bundled to that are irrelevant.
If one really wants to compare reputation… How many schemes had Oz been right on… vs. Hirsch?
I’ve been nagged to join this scam coin and am grateful to read this expose of how this scam works…
so what is the conclusion? when i see some answer, i don’t know what to think about vizionary…
is it possible to mine cpc (capricoin) without using vizionary mining solution?
When you are in the program, you don’t have to paid more and more?
And if it’s a real great, most beautiful opportunity/program, why is it very difficult to find some information about it?
You invest, Vizionary use those funds to pay existing investors and then you hope new suckers invest so you can get paid.
Ok it s a ponzi.
But about the crypto currency capricoin? Is it possible that is the next bitcoin? the value is growing a little…
I will call it a pyramid scheme = it’s heavily based on recruitment. If you don’t plan to recruit a huge downline then you should stay away.
It may have a Ponzi component, but I didn’t detect it. Potential rise in value of a cryptocurrency is, in itself, not a fraudulent investment.
I checked the activity in post #1. It didn’t seem to be very active. It’s too focused on recruitment, and it’s difficult to get “ordinary people” to like that idea.
The “value” is tied to the success of the Ponzi. So no.
I have been trying to evaluate this digital investment opportunity purely on the Capricoin side of things i.e. invest in Capricoin and if it becomes popular crypto curreny then it will be similar as if you invested in Bitcoin in it’s early days…
Now on the Vizionary side, I can justify their existence and even the MLM pyramid scheme to recruit new users as a clever way to build a momentum and volume so it claims the exchange listings.
However I have not been able to find answers to a number of questions that could convince me that this is a legit crypto currency and not just a Ponzi scheme to swindle crypo currency “investors”…
I raised a number of questions via the Capricoin official site (capricoin.org) and so far it has been well over 76 hours without a reply.
Below are some of my questions raised that could prove Capricoin is a legit crypto currency and not just a Ponzi scheme:
1. It is a fact Vizionary has the exclusive rights on the mining of the Capricoins, but no one could say if this is indefinite or for a period of time?
2. Disclosure of any shared ownership/interests in both legal entities Capricoin & Visionary?
3. Is the code for Capricoin publicly available (it should be like Bitcoin)?
5. Will Capricoin make the mining available to independent miners?
4. Even if it is not what is the hashing algorithm used for mining Capricoins? (this will allow independent miners to calculate mining profitability)
For those that are not into the technicality side of crypto currencies I wish to note that the of the answers to the above questions can reveal much more than the actual words and can lead to more in depth conclusions like similar to “Why the central banks in the Western Economies especially print money at their own whim…”
Good luck to all those who made uninformed decision, but without getting solid answers to the above questions I would advise everyone to cash in whatever the can recover as much as they can and get out before loosing everything!
I will be interested to hear answers to the above, but so far Capricoin have kept quiet…
Hello im a member of vizionary and i can give you some anwsers.
When I joined i know this was the real deal, i did watch several video clips with information that you can find on youtube when searching for vizionary.
Oz your rewiew… have you even tried getting information? Capri coin is a registred and total legal coin and can be buyed/selled on varius exchanges.
This week they are releasing the app that can be installed and used in the super market for example.
The reason you think this is a pyramid scam is because it has a MLM bonus binair system. let say 297 euro silverpack, that is worth 8 slots of miningslots and 50 euro worth in money to spend on miningunits.
You are buying miningtime. From the miningtime you will get capri coins, worth today 0.106 dollar each.last week i did get 140 coins from 1 miningslot and i used 8 this week, wich gave me 1180 coins something.
that means i already have 120 dollar worth in coins. I can cash them out when ever i want. Next week i will get more coins and so on. soon i got capri coins in value the same as the membership.
The mlm model works like this, vizionary want to expand and send the messege but they dont want to go out live saying hey come and mine at our place.
They are willing to let people start a buisness at vizionary and they get rewarded for bringing people in. and those who join, they are joining for the miningtime.
Lets say i have 10k capri coin and i have only used 350 euro for that miningtime. Then i have a profit of 650euro. I tell my friend guys look at this coin its going to get big come and join before its tolate, they join they mine.
But vizionary gave me 10% for every recrut i made. well great i did get some money. but those i recruted they aint forced to do anythign to earn money, they jsut mine and they will earn money.
so its up to me if i want to recrut 100 people and earn 10% from each package? well ye sure thats awesome bonus!! but those who join are just using the product, miningtime!!
Oz: plz coem back with a comment here, and everyone that want to know exactly how vizionary and capri coin works you can add my skype: (removed)
One more thing you writed vizionary has no products and services??
Where did you read about that? I guess you just went to the website and didnt even search about vizionary at youtube or anything. Hope you get better at reviewing stuff in future.
That’s some pretty poor due diligence then.
You watched YouTube videos… and you’re here to criticize me for actually going over Vizionary’s business model?
Oh dear.
No. It’s a pyramid scheme because affiliates are paid to recruit new affiliates.
You are buying nothing. You pay an affiliate fee and then get paid to recruit new affiliates.
Your little digital tokens (which are worthless), have nothing to do with Vizionary as an MLM business opportunity.
Considering Frode Berg has a history of participation in pyramid schemes and given Vizionary’s MLM business model, claiming this is anything but is a bit rich (no pun intended).
I know exactly how Vizionary and CapriCoin work. It’s another fraudulent scheme attached to a worthless cryptopoints script.
I said Vizionary has no retailable products or services.
And I hope you get better at reading in the future. Maybe it’s not too late to return to school and get a proper education this time around.
Great review, thanks. Confirmed what I was thinking.
I first got suspicious about it as I realized you couldn’t mine Capricoin directly. Never seen a coin before that could supposedly be mined, but yet doesn’t have any mining pools?
As I watched the videos, I thought the same thing about it being a pyramid scheme.
I can see from the comments that you’ve attracted some of the vizionary preachers. My guess it’s either the people that created the hyped youtube videos trying to discredit you, or those that were duped into it and now refusing to see the truth when it’s staring them straight in the face.
Just wanted to give you two thumbs up for this. You’ve obviously struck a nerve with some, and the truth hurts.
For those of you that were duped by this scheme, take it as a lesson on dealing with cryptocurrencies and be more careful what you put your money into.
The more they promise you, the more skeptical you need to be. The more money they want from you, the more research you need to do.
This blog always attract the gadflys and the sycophants feeling “hurt” from having their scheme exposed rather than cheering them on. Living in an echo chamber makes one lose track of reality.
I just can’t see an MLM-based coin coming anywhere close to Bitcoin.
I get the feeling that these people are not rubbing shoulders with all the key players that we’re all familiar with. And if this is the case, it makes no sense to me.
I also found it very interesting when listening to one of the YouTube videos produced by Visionary. When referring to the founder of Bitcoin, they called him something like Satoshi Nakamogi. There is something very wrong with that.
There is no way that someone who is deep into crypto would ever get that wrong.
The best technology is going to come from those key players within the current circles we’re already familiar with. And any brilliant new comers will waste no time getting into those circles.
Who are they using on the coding side? Do the key players we’re familiar with know them? If not, how could this be?
I’m not a coder, but I know damn well that exceptional coders are going to be well known within these circles. And that being the case, if our circles don’t know these people, I have to wonder just how competent they are and what their coding actually consists of.
I dare say, I could be wrong in all that I am saying here, but my spidey senses are on full alert.
Of course not. A fiat currency such as US Dollar or the Euro is at least guaranteed a value by a government or a coalition of governments. A cryptocoin such as Bitcoin has no value unless it is universally recognized to hold value.
However, most people can’t name more than three cryptocoins: Bitcoin, Litecoin, and Dogecoin. Anything other than these three are so insignificant as to be virtually worthless as they are unrecognized by the public.
What we have here is much like the early days of the web… noobs are told “to profit you have to join the ecommerce revolution, man!” And being sold “online storefronts, stake your claim in cyberspace!” for hundreds, perhaps thousands of bucks for worthless virtual hosting and crappy shopping cart script.
Common people don’t understand how EASY it is to setup an altcoin, since all it takes is a press release, claiming you have one.
Gemcoin scam in the US had no coin at all, for instance, despite claiming cryptocoin launch in 2014. The closest they came to show one is a… PDF file.
MLM coin makes no sense since a cryptocoin is a virtual currency, not a merchandise. And if the promoters are selling INVESTMENT PACKAGES (which most MLM coins are) they will be shut down by the SEC as unregistered securities.
Some are trying to paperbag their way out by claiming they’re selling “education” but that’s like saying “Avon is not about selling cosmetics, but beauty”. Reality dictates otherwise.
I did take a look at the capricoin “people´s coin” I can acctly see this one go big.
They have a pos coin wich is what I think much better and safer then pow. They have a distribution arm wich proof of stake have to have because you have premined coin.
And to give them value you have to have a second coin/token wich you some how have to give value, wich you do in vizionary when you are buying miningtime.
Money in to mining the coin and wich gives the coin some sort of value as people are willing to buy it. And with a fixed number of coin mined every week in a decreasing way, more people mining will give less coins per person for same price wich in a case increasing its value.
They also ahve the coin on an exchange and at a great volume of 3-6 btc a day.
What I have understand about there app they are gonna release, they will be able to buy goods and services with Capricoins and merchants will get there payment in cash in some how. Interesting to see, if they really can make that.
A demand/volume value coin instead of every other altcoin wich is valued by speculation this shuld be considered a oppurtunity and shuldnt be in this catagory of and mlmscam. They have a blockchain they are on an external exchange.
About there buiseness oppurtunity the mlm model: A product wich convert your fiat currency into crypto currency. Thats like a super great idea for an mlm model.
With all the details ive seen I can´t see this being a bad coin, the otherway around.
P.S My english is some what really bad.
Affiliates investing = no external value. The rest of the world aren’t going to buy cryptocoins at inflated prices just because a bunch of desperate investors have convinced themselves they’re the next Bitcoin (and profited by recruiting others to invest by convincing them of the same).
hEY oz BUDDY LAST 2 DAYS LOOK AT WHERE cAPRICOIN SAT ONE OF THE HIGHEST IN gains AND SAT AT 0.85 cents Per coin , I quote you said worthless digital coins ??
AND LET ME ASK YOU THIS WHICH IS JUST STUPID ME ASKING YOU THIS ANYWAYS , YOU THROW THE WORD PONZI SCHEME AROUND ALOT,,… SO IF I SELL A CAR (Ozedit: There are plenty of website for you to dicuss non-MLM companies on. This is not one of them.)
YOU SOUND IGNORANT PLAIN AND SIMPLE YOU HAVE A CHIP ON YOUR SHOULDER FROM GETTING SCAMED BEFORE AND NOW THE WHOLE WORLD IS A SCAM AND PONZI SCHEMES BLAH BLAH BLAH YOU SOUND LIKE A LITTLE BABY GROW UP !!
THIS IS A REAL CRYPTO NO ONE IN VIZIONARY IS TOLD TO RECRUIT ACTUALLY THEY TELL THEM THEY DONT HAVE TOO !! , AND THEY ARE GETTING SOMETHING FOR THERE MONEY MINING TIME WHICH GETS THEM CAPRICOIN THAT MOCK MY WORDS WILL PASS THE DOLLAR SOON AND I WILL COME BACK HERE TO THROW IT ON YOUR FACE TO SEE WHAT YOU WILL SAY THEN ABOUT THESE WORTHLESS DIGITAL COINS AS YOU SAID.
As long as new investors are mislead with your marketing efforts, Vizionary has more funds to pay out and will adjust their CapriCoin Ponzi point value.
Outside of the scheme these points are worthless.
Let me know when you can buy a coffee with it. The imaginary value Vizionary assign their Ponzi points internally is meaningless.
Why don’t you buy a real keyboard with your Capricorns… and some typing lessons?
the 0.85 value has nothing to do with vizionary thats the price on the external exchanges, there are already hundreds of conpayns sccepting cpc, snd purchases have already happend. (Ozedit: Offtopic derail attempt removed)
ponzi schemes dosent allow assets to be sold on a external exchanges, onecoin”””, you shuld look how ponzi schemes works until you start a blig about it.
btw vizionary dosent offers any investments, thats illigal.
Ponzi schemes allow affiliates to sell units/points/coins all the time. Zeek affiliates traded bids, TelexFree affiliates sold adcentral contracts to the public etc.
Vizionary sell the units when I invest in them. What happens outside of that is irrelevant, with the units invested in upon paying affiliate fees constituting an unregistered security offering.
I bought into the gold package(about 1400 dollars canadian)…I didn’t bring in any new members, NOT ONE!!.
I have mined about 13000 capricoins now, which today is worth about 12000 dollars canadian so that to me is a pretty good profit, and its only been going up in value (on THE WORLD COIN INDEX WHICH IS A LEGITAMITE CURRANCY WEBSITE) …
no pyrimid scheme here …so maybe you people who are trash talking this company should maybe do more research before comenting.
You invested in Vizionary, who offered you a securities offering despite not being registered with the SEC (or any other regulator) to do so.
Now you have points worth absolutely nothing outside of the Ponzi scheme itself. But uh yeah, good luck with that.
Oz its not a investment and your argument are false, The reason you continue with bashing is because that is your job.
What information you are using to say this is ponzi is not facts, you have just watched a mlm model wich pays people to recruit wich every mlm buisness does.
The only thing you comment with is, oh its a ponzi because members get paid for recruiting, you have no informartion about the retail or anything. Go and get real information wich I have and come with some facts instead of speculations on a buisness you have no clue about.
You are saying that capricoins are useless outside of Vizionary. You might have to take look at what capricoin is before you state such a false facts.
For those who regular read Oz articles dont get misslead here.
lol. wacky scammers and their imaginary ‘coins’.
That’s what they *say*.
The fact is you give them money, and you expect that money to grow by primarily THEIR efforts (and their control). That’s an investment.
How many businesses accept capricoin?
How many businesses accept Bitcoin?
How many businesses accept VISA / Mastercard?
How many businesses accept local currency?
Where are your facts again?
Instead of waffling on with bullshit, try address the fact that Vizionary
a. pay affiliates to recruit new affiliates, making it a pyramid scheme
b. provide units upon investment in the scheme, which are invested in on the expectation of a ROI (securities)
What can you do with CapriCoins other than hope they go up in value so you can sell them to newly recruited Vizionary affiliates?
Why don’t you guys just keep trash talking and in about a year I can’t wait to come back on this website and rub it in your face “Oz” that you are soooooo wrong.
someone made the first purchase with capricoin the other day …it was for a cappuccino in Africa …so technically we have beat bitcoin in terms of our first purchase it only took us 7 months from when we launched to perform our first purchase …bitcoin took longer.
so…you keep saying how its an imaginary coin and you can’t do anything with them… .you’ll see bud that you were very wrong and your going to look very stupid!!!
Give it some time before you start trashing something you have only limited information about
Right. And was it legit or one Vizionary affiliate buying a coffee from another Vizionary affiliate and all smiles for the cameras?
We’ve seen all of this manufactured “we’re a real coin!” garbage before. Let me know when I can walk into StarBucks anywhere in the world and plonk down some CapriCoins.
And k Chang vizionary only launched 7 months ago bitcoins been here for alot longer than that, obviously they will have more merchants that accept them but merchants will be excepting our coin (capricoin) soon Enough just wait and see…
I’m a 28 year old courier that’s what I do for a living, I commented earlier as “visionary101” I havnt brought anyone in on this … you don’t have to if you don’t want to… but if you do you get bonusus…which are basically more capricoins.
History in the making: Caloroso Café in George accepted its first cryptocurrency transaction from Dave Stacey who paid 15 CPC (Capricoins) for a cappuccino that he plans to collect when he pulls into town later this year. Congratulations, Dave!
How significant is this? The first recorded transaction with a #Bitcoin was for a couple of pizzas. Those pizzas today if purchased with Bitcoin would be a couple million dollars. This may be the most expensive cup of coffee ever purchased. 😉
The first transaction with #Capricoin happened faster than with Bitcoin. Bitcoin took 1.5 years from it’s point of inception, to have it’s first transaction. Capricoin only took 8 months!
Learn more about Capricoin and how you can get involved using the following link:
(Ozedit: Do not post marketing spam links here)
#Cryptocurrency #DigitalCurrency #Milestone
So yeah, one Vizionary affiliate transferred some CapriCoins to another Vizionary affiliate and that apparently constitutes merchant acceptance of the coin.
Riiiiiiiiiight.
Cut the crap, someone paying for a coffee they will collect months later is not legitimate consumer activity, or merchant acceptance of the coin. This is just marketing BS.
(Ozedit: Offtopic derail attempts and insults removed)
(Ozedit: Offtopic derail attempts removed)
so keep sitting here and doing nothing and I’ll keep mining capricoin and lets see who’s further in life after about a year …deal?
See you in a year Scott (you won’t be back).
We said no such thing.
“Purchased coffee in a noname cafe somewhere in Africa”, in the greater scheme of things, is at best a publicity stunt.
As for coming back in a year… we’ve had so many scheme promoters promised to come back and show us we’re wrong we’re kinda immune to the speech now. They never do, of course.
Generally such people would NEVER admit they’re wrong, even if they realize it. They avoid us as “negativity”. Many have even issued edicts that their followers to never read us (which never works).
Frankly, your attempt to “educate” us with marketing speak shows failure to identify the audience on your part.
In marketing, the trick is to aim at people who are receptive to your message, not to debate the doubters. If you plan to, do so with more than marketing speak.
Lol marketing speak I’m just coming on here to tell you your wrong … and maybe I am wrong but we will see who is won’t we.
Oz:Let me know when you can buy a coffee with it. Is a cappuccino good enough for you??
Nobody bought a cuppuccino. One Vizionary affiliate transferred CapriCoins to another Vizionary affiliate (who owns a coffee shop).
The coffee story is just marketing BS. Legitimate consumer activity does not see someone buy a coffee today and collect it months down the track.
It’s still a transaction through a business for capricoins….what don’t you understand about that….
and you guys keep saying its a scam and a ponzi scheme then why is capricoin on the world coin index as a legitimate cryptocurrancy and is trading for 98 cents a piece right now huh? Riddle me that OZ!!
Affiliates transferring coins among themselves is a far cry from merchant acceptance.
Remember, that’s what you were trying to demonstrate with your cock and bull story in the first place.
Because Vizionary affiliates continue to recruit new investors. It’s not rocket science.
The fact remains, outside of the Vizionary income opportunity Capricoins are worthless. What the coin trades for among Vizionary affiliates is meaningless.
We will see bud hahahaha I think it’s hilarious that your so worried about it.
Worried? Yeah ok chief. Settle down.
(Ozedit: See you in a year. Enough time-wasting.)
Capricoins 2.69 cents Canadian…… And climbing ….hmmmmm??? …you want in yet Oz? Hahaha
No thanks. The only thing backing CapriCoins is a recruitment-driven compensation plan.
Once recruitment dies down, what use is a cryptocurrency only Vizionary affiliates are trading among themselves?
So the idea is investors are hoping that this will be widely used like a real currency.
So basically your in a digital world making digital money in hopes that your digital money will be accepted as real?
There’s a difference between a wish, and wishful thinking.
Hi Oz
I reside in the small city of George where the capricoin transaction took place. And to be honest, quite a lot of people I know in George have bought into the Vizionary MLM idea, myself not included.
Was hoping u could help answer a few questions that has been bothering me for a while.
Firstly. When an individual convinces another individual to invest in CPC, is there any future legal recourse that can result if the whole MLM falls apart?
People this side of the world are signing individuals up, using the money they can’t really afford, and promising them a massive return in a few months. And with the local economy declining rapidly and the currency devaluing at the rate it is, the network here is fast growing.
So secondly. Where is all the signing on money going to? And what is it being used for? Are we literally giving money to the 3 people whose bios are on the website?
And finally, since this is not your first MLM rodeo, how do u predict it will end? Will the website just go offline or will the coin just crash to zero value or something else?
I really wouldn’t mind suddenly having a lot of wealthy friends, but would rather give them some advice and help them get out at the right time before the proverbial shit hits the fan.
Thanks, this is the only site I can find that actually makes sense, which also worries me.
You can sue anybody for any reason. Whether you have chance of success would require a lawyer in your area to assess. And maybe someone in law enforcement / civil fraud.
Pay off people who joined ahead of you, probably.
Generally, company principals disappear with all the money, unless the law enforcement get to them first.
Hey Zag, welcome to BehindMLM.
In TelexFree we’ve seen civil action taken by both the SEC and individual parties (seeking class-status certification).
Long story short is in the US yes, EU and the rest of the world not so much.
Paid out as recruitment commissions and the rest kept by the company.
Hard to predict. If I had to take a punt though I’d say this one will die organically.
Coin value will collapse once recruitment dies down and new recruits stop buying in, as the coin itself is worthless (can’t do anything with it).
So what you are saying is that any company that rewards their people money or compensation to bring people in is a pyramid scheme ? Well then all MLM ‘s are a PYRAMID SCHEME.
Nothing more than what was written in the review. Anything else is yours words, not mine.
Nope. Just the ones that pay affiliates to recruit new affiliates.
And look at the meteoric rise…
and collapse of 50% in a span of 2 weeks.
It’s a hype train. Anyone familiar with investing that actually has made any money knows that you zig when everyone else zags, meaning but when others are selling.
If you own any of this imaginary wealth it’s best to sell it and take your profit.
BTW, all the Vizionary cheerleaders commenting on this post only lock in the SEO ranking factor of this post by adding more comments.
Capricoin is is a genuine coin as you can exchange it with bitcoin. its a fact that people have become millionaire by investing into bitcoin.
@kursheed
What does that have to do with people investing into worthless Ponzi points?
That existing investors trade the points for BitCoins is neither here nor there. It’s a ROI paid out of subsequently invested funds regardless.
The fact remains, nobody but Vizionary affiliates are trading Capricoins.
This ^^
So all of you Capcoins adherents, you can take your 1 million Capcoins that are going to be worth 0 bitcoin in a few days, and erm, keep them forever?
Maybe print a nice shiny certificate showing the value of your worthless currency and hang it on your wall.
I’m glad the bottom has fallen out of this scam because trying to convince my grandmother this is a scam, and using her pension money on this is bad, has been a mission…
Not yet but what happens IF they manage to get in merchants as they plan to do in 2016?
Capricoin also have instant payment. What does that mean?
e.g. Bitcoin have not and one have to wait up to 10 minutes until the payment goes throug.
I also wonder if this site are related to Vizionary?
chainz.cryptoid.info/
I’ve tried to find out about the domain owner but can’t find anything, if they have paid to get capricoin on top etc. Maybe you have better skills?
And Yes, I just started in capricoin, January 29.
Thanks.
If you were a merchant, would you accept Ponzi points as payment?
Legitimate merchants aren’t interested in exchanging their goods of actual value for worthless Ponzi points.
Well, that was not my question. And you did not bother to answer. And I will certainly not waste any more of my time on this thread.
Why consider a hypothetical as opposed to facts?
@Magnus
Cool, so I’ll take that as a “no” then. You, like anyone else, wouldn’t accept bogus Ponzi points as payment.
Thanks for playing, don’t let the door hit you on the way out.
Hi,
not convinced in capricoins.
On this site coinmarketcap.com/all/views/all/ cpc – has a star * which is indicated as *Not Mineable
Is it true that when you buy bitcoins – you get them immidiately, can own and pass and change?
and when you buy capricoin – you can not get them immidiately, can’t own, pass and change?
I was so excited to join however; my bank kept rejecting the vizionary charge for joining because it was being sent to a bank in China??
I was told the bank was in the UK but processed through China. Well, of course the bank will decline if processed through a Chinese bank.
I have had second thoughts about proceeding. Then my sponsors said it was my bank’s fault when in fact I was being protected from potential fraudulent activity.
There’s no legitimate reason for an MLM company not based in China to be using Chinese banking channels.
Over the past year or two the use of Chinese bank accounts has become a hallmark of MLM scams.
What that tells you is no “legitimate” (i.e. someone in the same country) is willing to process credit cards for Viz.
Do recall that in the final months of Zeek Rewards, their credit charges are showing from ALL OVER THE WORLD, Puerto Rico, Korea, Japan, China, Malaysia… and their leaders are telling all the minions “accept! accept!”
I have been in scams that I have been worned not to go into and the doubter were right and I understand the doubters concerns here about Vizionary.
First of all Capricoin is a separate entity from Vizionary. This is an important fact to remember.
Vizionary is a MLM company binary. Through Vizionary’s web site you can buy Capricions or you can buy Capricoins through Coinbase.com on the exchange.
If you want to bash Vizionary thats you freedom of speech but to bash Capricoin is non sensical because Capricoin is a verified cryptocurrency that is recognized on three SEC regulated exchanges.
You are not talking sense when you group Vizionary with Capricion and bash them as being one entity. Something in its preceptive stages as Vizionary or any company starting out can only be judged as good or bad over time.
Lets give this concept time and then discern from that wether its a viable thing or not. But as far as Capricoin that is a verifiable cryptocurrency that cannot be disputed.
Just like Donald Trump. Lets give him time to see if his concepts plan out for the good of all. To many of you judge something or someone without it being time tested.
I have talked to Andy the founder of Vizioinary a couple of times and he explained to me a legitimate business model that I see is going to flourish. Now give me your opinion and not some bash talk of the companies concept of which you have nothing to back it with.
Time will tell. Can you bashers agree on that or are you just trying to wether anything is true or not establish your itentity on the internet.
Given that Vizionary is an exclusive partner at launch with about 25% of all premined CPC’s in existence given to Vizionary supposedly to be distributed for free, there really is no practical difference between the two, is there?
If Capricoin is legitimate, why would they want to be so closely associated with the likes of Frode Berg and his scamming past?
Not very smart unless there is something else going on.
Gary, are you defending Capricoin or Vizionary? That wasn’t clear to me in your post.
@Gary
Capri coin is 100% premined. Do you know what that means?
That means 200,000,000 coins (tokens) have been produced by the “devs”. They own them all. Vizionary are trying to ascribe value to them.
There are about 500 alt coins like Capri. The only value they have is thru pump and dump schemes or actual use.
Capricoin was pumped to $4 in January and has since dumped 90% of its price.
‘Capripay’ lists one merchant on its much awaited platform: a couple of MLM hustlers selling krill oil.
Repeating that CC is a “verifiable cryptocurrency” tells more about your comprehension skills than it does about Capri.
Capricoin is useless and valueless. Aquiring them thru Vizionary makes them expensive, useless and valueless.
Time will indeed tell.
Oh and Gary, next time you speak to your mate Andy, Viz CEO, ask him how Karatbars is going.
@Gary
If you’re going to isolate Capricoin from Vizionary, Vizionary is a recruitment-driven pyramid scheme with no retail products.
Furthermore through Capricoin investment, they are offering a security (and are not registered with the SEC or any other regulator to do so).
That’s not a “legitimate business model”.
Vizionary does not constitute an illegal pyramid because Vizionary ensures a focus on accumulating a product in the form of mining units of which can be slotted for the accumulation of Capricoins – a verified cryptocurrency over pyramiding of members.
The program would never be saturated with members sending money to each other until there were no further people to join. This saves Vizionary from the ambit of the anti-Ponzi and pyramid scheme rules, not the specific structure of the enterprise.
So a Vizionary-like program that happened to pay participants a small fixed fee for bringing in recruits could constitute a pyramid but not a scheme to defraud because saturation will not occur.
Vizionary isn’t a pyramid scheme because of that.
Vizionary is a pyramid scheme because it pays affiliates to recruit new affiliates.
Right, because there’s an unlimited amount of suckers just waiting to be recruited into a pyramid scheme. #pyramidlogic
If you want to copy and paste, cite your source and why it’s relevant.
Refer to the recent Vemma litigation by the FTC to learn about why having a product in a pyramid scheme is irrelevant.
So you just admitted that Vizionary is offering investment instrument without an investment license. Did you not?
Due Dilligence is a tool required to use when taking care of yourselves.
In the matter of Vizionary company.. Frode Berg has been in nothing but scams.
Maybe the most legitimate company was WGI, because the owner run off with the money… And the next companies Berg attended was his way of getting back on his losses.
If you are an honest man and living in one of the safest and richest contries in the world… Why do you run from country to country more or less every time you “outsmarts” friends and network..
He ows Norway money, he scammed alot of people i Ausante and had to run from Hungary.. Now in Spain building up money before preparing his next run..
Its all about looking good with white teeths and luxury living. This guy has no limits and NO moral/ethics.
The only way to stop him – is to recommend all your friends and contacts to not sponsor him – Do not JOIN!!!
WHY?? Because he is the only winner in his GAME – When you wants payouts – He is LONG gone!!! This Scammer should be in JAIL.. And ill be one of the talking witnesses..
Just having a look at the blurb about Capri on BCT, I read
Topsites CEO is Tahir Ali that you referenced here behindmlm.com/companies/co2-rewards-review-selling-carbon-offset-units/, and also an old accomplice of Berg’s in Ausante, as well as various other pieces of “entrepreneurial activity”.
Did you know that already Oz? If so, pls delete this.
Spain? Pure coincidence that Tahir Ali lives in Benidorm, I’m sure.
Wasn’t aware Tahir Ali was involved. Sounds like it’s a reload scam for a few of them then.
Funny how all these “I swear it’s legitimate” MLM opportunities attract serial MLM underbelly scammers.
Oz you freaking idiot. I can buy and use Capricoin without being a Vizionary member and there is a tool that you can mine Capricoin without once again being a Vizionary member.
Capricoin is new so it will grow. More and more business will become a merchant and accepting Capricoin in exchange for fiat useless currency. Things will change in the future.
That Coffee shop is NOT a Vizionary member you idiot. They become a merchant so people can exchange goods with CPC with incredible low fees not to mention instant confirmation times! You need to educate yourself sucker.
And who is doing that outside of the business opportunity? Is it more or less expensive than purchasing through Vizionary itself?
More expensive = nobody will do it.
Less expensive = nobody will sign up as a Vizionary affiliate.
Merchants don’t sign up with a random nobody coin unless the owners are marketing the nobody coin.
If not the owner, dig deep enough and you’ll find someone connected to both the cafe and the Vizionary affiliate opportunity.
Its for people who cant afford the Vizionary package. Infact there are many options. But the facts still remains you dont need to become Vizionary in order to get capricoin which you are so heavily brainwashed with.
No they sign up for obvoius good reasons. Its much faster than bitcoin when it comes to confirmation transactions and also getting cash backs as well. Plus you will get rewarded to get capricoins meaning ASIC in the future wont take over like they did with bitcoins.
When bitcoin started ppl could mine with a cpu but not anymore you need ASIC to do it but its very expensive = full control for those who have money. With capricoin you will get rewarded aslong as you computer is online and have few capricoins.
No you are so wrong. How do you know the merchants are part of vizionary? I fact its growing and growing. So quit your bs.
(Ozedit: Offtopic derail attempts removed)
So it’s cheaper. RIP Vizionary the MLM opportunity.
Quite amusing, a we’re having the exact same discussion at the SwissCoin Review. Scammers start soliciting investment, create a crypto script, dump coins on their victims and then retreat into the shadows as it all turns to shit.
Of course they do. The income opportunity.
There is no good reason for a business to accept a worthless shitcoin nobody is using.
See above.
So prove me wrong.
Oh right. You’re just another optimistic marketing hack who’s hitched his caravan to the latest crypto scam. They’re quite in fashion these days.
Look, remain in denial all you want – facts are still facts.
Not really cheaper. In fact you get Capricoin everyday for a once off fee compared to the exchange where you have to buy, buy and buy again. (Ozedit: Offtopic derail attempts and abuse removed)
I have done a quick research about SwissCoin which pretty much is a scam and nothing compared to Capricoin. Funny though its not even on the exchange! so it must be fake! but capricoin is at least on all these legitmate exchange.
No you are again terribly wrong you fool. Its not about the income opportunity but to save shitload of wees to the worthless fiat we currently using.
Ever heard of crazing fees merchants have to pay when customers swipe with the card? Now capricoins made it possible to do transactions with almost zero cost of fees!
Its new you idiot. Wait for a few years and you will change your mind. Im pretty sure you said the same about bitcoins being worthless in 2009 but not anymore. Remember somebody bought a pizza for pennies and its worth milion now. Cappuccino could become the next.
These are opinions not facts so everything here is nothing but lies trash. If you want to provide facts resource?
(Ozedit: Offtopic derail attempts, threats and abuse removed)
You yourself said acquiring Capricoins was cheaper than through Vizionary. If that’s the case then the MLM opportunity is redundant.
All it was set up for was for the company owner to dump their coins on the public through. Now that it’s out in the wild they’ll price themselves out and do a runner.
Spare me the rhetoric. It makes no sense for a legitimate business to just start randomly accepting a shitcoin nobody uses. Obviously someone at that cafe is connected to Vizionary.
You do realize this is the theme of every MLM crpytocurrency right? Spouting marketing BS about bitcoin doesn’t create legitimate demand for your altcoin.
The facts are as they stand in the review. Vizionary dumped its own coins on the public through a pyramid scheme business model.
The price of the coin is garbage and so it’s cheaper to now acquire the coin outside of the MLM opportunity.
Vizionary’s owners have already made their money so they’ll quietly disappear now, leaving later investors with a worthless coin.
You’ve been classic altcoin pumped and dumped, you just haven’t realized it yet. That you’re in MMM Global is also revealing, a career scammer as it were.
In the beginning yes you idiot … brainwashed shit people like you … you will remain poor raping womens for your plesure.
^^ And we’re done. Snapshot of the mindset of a Vizionary scammer (who was also in the MMM Global Ponzi scheme, go figure).
Facts as they remain:
-Vizionary’s business model is a pyramid scheme.
-Capricoins are cheaper via public exchange, conveniently making the Vizionary MLM opportunity redundant.
-Capricoin is a worthless altcoin with no practical purpose, unless you want to buy a cup of coffee at a Vizionary affiliate’s cafe in the African outback.
Just wow! We need a good few arrests.
Ruja Ignatova (Onecoin) has a German passport and citizenship, and a friend in Germany says that the Germans don’t mess around when it comes to these scams. He claims they may be able to extradite her if they have enough on her, and depending where she might be apprehended.
That would set a good example for these scams.
So, after all… Anybody here, who actually made ANY profit from buying a Vizionary package, or you are just having a hypothetic discussion?
Any news or feedbacks from stores accepting Capricoin via it’s Capripay system? Capricorn share prices doesn’t indicate much good, they are descending or not rising much nowdays.
Maybe some will appreciate some objectivity and non-emotional reasoning. I checked out the whole Visionary thing. I Wouldn’t call it a scheme.
The guy I talked to was very upfront. It’s pretty straightforward–you get CPC for mining CPC transactions, and for recruiting people. those CPC CAN be exchanged for a currency with a more “real” value like US dollars or Bitcoin. Something you can use to by things with.
Trouble is, a single CPC is worth about 15 cents as of this date. With one mining slot he said he made around 10 CPC coins in a week. That comes to $1.50/week.
One mining slot costs about 32 euros (you have to invest a minimum of 97 euros for 3 slots). So is it a scam? As I said, the guy was pretty up front and on the level.
Is it a good use of your time and money? Probably not.
I would add–the only thing you have, if you keep the CPC, is hope that CPC will catch on, and gain value.
There is nothing to indicate that it will or won’t, and it’s been flat/slightly downward in value since about mid February.
I’m surprised people are still trying to recruit for the Visionary thing, when the coin itself is not worth much. Maybe they’re hoping people will subscribe on impulse.
@Clay
Whether someone is upfront about an MLM opportunity being a scam or not doesn’t make it any less of a scam.
Getting paid to recruit affiliates in MLM = pyramid scheme.
Oz. Just to ‘be nice’ about it. I would just like to state that when you use the term ‘ponzi’ points, it really sounds like you don’t understand what you are talking about.
The value of Capricoin does not derive from the money coming into the MLM component or any type of ‘points system’ within the Vizionary distribution platform. The points within the system are mining credits which are used to ‘mine’ [accumulate] the coin.
The coin’s value is derived from the supply and demand of the market on exchanges such as Bittrex and Bleutrade. If you study the market, virtually all altcoins that don’t have a ‘pre-launch ICO investment stage’ that causes them to start at a high value and then subsequently drop, will end up having a ‘hype cycle’ that spikes the coin value up, and then it plummets down over time to near where it started.
You can see this in many SOLID altcoin projects. One for example is the super solid Syscoin.
I can’t think of a stronger altcoin project than Syscoin right now and it has the same kind of pump and dump that happened to it. Does that mean that it’s a bad coin? Definitely not, and especially if you are hooked into the community and following the development and roadmap of launches.
With that said, Capricoin and it’s CapriPay mobile application has similar innovations that are in development, have been launched and more to come, that bring value to the marketplace, as a payment solution.
If it succeeds in gaining market share with merchants around the world, the coin will have a real reason to rise in value with relative stability like a bitcoin. To what value nobody knows because nobody can predict the future.
That Vizionary exists providing financial incentive to get the word out about the development / solutions, is just a boon to the coins existence, but there is no link or correlation to the business activity and profits of Vizionary in regard to the value of Capricoin, other than if the model is successful in it’s marketing, it will create an organic interest in the coin over time through word of mouth and the collective marketing efforts of the people involved and incentivized.
It’s pretty straight forward, nobody that gets a Vizionary package is expecting anything further than to get some coins which they can sell at any point they wish to the market for bitcoin.
Whatever you want to call them. The only value the coins have (remember, affiliates are paying money for them), is internal.
Externally the points are worthless.
What gives the points value internally? Subsequent investment.
As they should. If an altcoin has no real world practical purpose, it’s worthless.
This review is a year and a half old. You can’t fix a Ponzi/pyramid scheme after the horse has bolted.
The only people who hold Capricoins are those who made money recruiting others. No legitimate merchant is going to want a piece of that.
As above, no legitimate merchant is going to want to trade in a coin, the only users of which are speculative Ponzi players who made money via pyramid recruitment.
This is where you still sound like you don’t know what you are talking about.
You are intermingling the terms ‘points’ and ‘coins’ which are the same thing. The points that are used within the Vizionary system to redeem for coins are only for use within the system. You are right, the external value of these points is zero outside of this system.
However the value of the coins that can be acquired through the points have a definite real market value based on what it’s trading for on various exchanges like Bittrex. This is pure supply and demand: bittrex.com/Market/Index?MarketName=BTC-CPC
The points within the Vizionary system have no direct bearing on the value of the coins on the exchange. It’s simply a means of monetized distribution of the coins, that is an option other than…
1. Purchasing Bitcoin and then trading it for Capricoin on the public SEC regulated exchange.
2. Using already acquired coins to load up a Capricoin Desktop wallet to participate in verifying transactions on the network to receive Capricoin as a reward.
It’s similar to how bitcoin mining works in the concept of transaction verification, except instead of requiring costly servers and electricity, the technical requirement to verify the transaction has been condensed to that of a light software.
And of course the wallet is freely accessible for anyone to download at zero cost. This is like many other X11 Altcoins out there, wallet staking is not a new concept, but definitely a marked improvement over how Bitcoin functions.
So it does seem that you glossed over my simpler explanation of where the coin value derives from in my first comment and just took a bit of my comment out of context so you could comment with your agenda. It’s pretty transparent to see. But you are clearly wrong on this point.
Yup, so internally they are the same. Just Ponzi points with no value outside the opportunity (this is typical of Ponzi points).
The only defining value within the system is pegged to new investment (the only source of revenue).
12 cents and dropping.
Anyway what happens outside of the system is irrelevant, that’s pump and dump.
My focus is on the internal points/coins. That’s where the Ponzi is.
How so? I invest real money, get worthless points that if I exchange internally, am paid with subsequently invested funds.
I also have the option of selling my coins externally for next to nothing.
Sounds like a typical Ponzi scheme internally and typical pump and dump scheme externally.
Without pyramid recruitment, CapriCoins are worthless. And no legitimate third-party merchant is going to want to touch that.
Important to understand is that the way it is structured most merchants will never know about Vizionary, as CapriPay is the only platform that is relevant to them.
Vizionary members simply have an incentive to not only expand vizionary membership but also to grow the merchant database by enrolling them in CapriPay.
CapriPay has it’s own website that can easily be found in Google. The website serves as a wallet and merchant portal, where you can manage your capripay balance when you don’t have your mobile phone handy or when it’s just easier to use your computer.
The CapriPay application is also available via the Itunes and Google Play Store and functions quite nice actually. Within the website AND the app you can already view a pretty sizeable array of merchant listings that have accumulated over the past 6 months since CapriPay opened for merchant enrollment.
There is more going on than meets the eye, but it takes research to discover the value. It’s ALWAYS easy to judge the book by it’s cover.
I noticed someone else asked about the Capricoin source code. In all fairness, here it is from Github: github.com/Capricoinofficial/CapriCoin
Which will see the external value of the coin continue to drop, until it is literally worthless.
If you have to set up an internal platform to create artificial value of your coin (because outside your scheme it’s worthless), you’re doing it wrong.
And again, no legitimate third-party merchant is going to want to mix legitimate business with Ponzi points backed by pyramid recruitment.
Best to judge an altcoin by it’s worth, which is typically measured in real world application.
CapriCoin fails in this aspect and is therefore worthless in the real world.
As is obvious, this kid Cryptokeeper works for Capri and periodically posts similar walls of bs text in an echo chamber thread on BCT.
I should imagine that this press release was prompted by the plummet in CPC price to 12 cents, making their huge premine virtually worthless and any “investment” via vizionary totally illogical.
I must be chinking your armor because you are ignoring such a large part of my previous statement that demonstrates the real world value and application through the development thus far… and the fact that even though you claim that no merchant would touch it… but for anyone who follows my advice and checks it out will see that you are clearly wrong, and that legitimate merchants have signed onto the platform.
Do you have any substance for me, or are you just going to take more pieces of what I say out of context and provide the same canned responses?
is completely irrelevant? Yeah, guilty as charged.
An internal platform is a waste of time. It will never reach mainstream adoption and only serves to further increase the difference between CapriCoin’s inflated internal value (Ponzi points) and it’s actual external value (practically worthless).
Legitimate merchants need a currency to trade with their customers. Not Ponzi points attached to an internal exchange, the value of which is propped up by speculative investors hoping to get rich on their naivety.
Name five.
CapriPay is not an internal
Okay so you are still maybe not fully cognizing what I’ve been saying. CapriPay is not an ‘internal’ platform as you keep calling it. It’s a completely separate company and profit structure that doesn’t involve mlm in it’s operation.
It’s a cryptocurrency industry payments platform, soon to also add a Bitcoin wallet function and can also convert Capricoins instantly to fiat currency within the CapriPay wallet in certain regions of the world where the red tape for that functionality has been taken care of.
So Internal it is not. Lets perhaps see if you continue to ignore this.
5 CapriPay Merchants who have vision to get positioned for a growing market of Capricoin users and be in the flow of that web / app traffic by having a listing within.
Here are the names of a few of the businesses listed there.
All Hour Tyres
134 Voortrekker Rd, Parow, Cape Town 7500, ZAF
Caloroso Café
103 Meade St George Central, ZAF
Standard Sport
Kongensgata 32, NOR
I can already predict you will judge that these are small meaningless merchants, and perhaps you will be right. But things have to start somewhere.
Anyways I feel like I just had to speak to some of your points. I feel at this stage it’s a matter of subjectivity and opinion and as they say, time reveals all truths in the success and failures that occur.
Nothing is a sure bet. At the same rate, there is no promise of the coins reaching a high value, it’s purely speculative and built on the potentials of the developments having success in the market so the coin gains traction as an everyday currency.
If it does then there will be winners, if it doesn’t there will be losers. That is the risk taken by the entrepreneurial mind that trys an idea that may or may not pan out, but has great promise.
At least unlike other vaporware projects out there like onecoin [of which I appreciate your reporting] there is at least a real attempt to take this coin to market with innovative development and gain market share.
There is a real blockchain and a real asset in capricoin, even though its value is purely speculative and has no real market value until it gains relevance as a payment solution.
I can agree with you that it has no real world value at this point, just a speculative value that can be exchanged for real world value through trading out to bitcoin and selling for fiat.. but this is something that can change if the gameplan succeeds.
Whereas with the other evil intentioned organization that you are righteous to be skewering regularly, never had any plans to take their coin to market, never had a blockchain, and sold crazy hyped up unrealistic expectations of earnings through of earning through ‘coin split’s’ and obscenely priced packages.
There is a stark difference between the two here. I feel that you just classify any ‘network marketing’ business as a ponzi scheme, like it’s a blanket term, but it kind of ignores the fact that there are legitimate compliant network marketing companies in operation that have proven the model works [Amway].
Vizionary is an attempt at the network marketing model for cryptocurrency and is at least doing it honestly and actually commit and produce according to their development gameplan which is creating real world value in the mobile application functions.
Anyways, I feel our little debate has come to a bit of an end because we can only go back and forth over the same things so many times. Keep doing the world a favor and reporting on onecoin. Thank you.
Lol, you’re feeding the troll now Oz, you’ll get a ragbag list of small businesses which, of course, have absolutely no investment in this shitcoin.
Or maybe he’ll tell you the front page story of the 4 new Dunlop tires in Safrica where the now legendary “Dave Stacey” of cappuccino fame, spent some more of his points last month. Unfortunately Dave’s FB has vanished since……
Year’s nearly up Scott, how’s that working out for you?
Hahahaha. Yeah, no worries mate.
The merchants you listed sound like pretty random companies. I’m gunna go with the owners are likely Vizionary affiliates themselves.
No major third-party merchants we can look at and go “Yep, no way the person who owns that is a Vizionary affiliate”?
That it does. One and a half years in? Still worthless.
The only people who have made money in Vizionary are those who recruited new affiliates. Oh and Frode Berg.
Best of luck to you! Nice we were able to have a talk respectfully. Lets see what happens into the future I guess haha!
I wish others were as respectful 😉
Oh the ignominy, upbraided for my manners by a scammer’s teaboy! 🙁
Tell the boss he’d better hurry up with the all singing and dancing exchange, or there’ll be no-one left to dump on. I see CPC market cap now under $100k on $6k volume, pitiful…
Actually I wasn’t talking about you, but now that you mention it… you basically discredit yourself and lose all credibility with how you conduct yourself. But that is just my observation. Good day!
@Oz
Just got word that this company is registered in Belize and also have a registered office in Dubai Free Trade Zone. With all the history of Ponzi (under the guise of legitimate MLM company) schemes.
this is already a red flag for me…. And your right, regardless if the Crypto Currency has any value at all, it is irrelevant! the MLM aspect is indeed a Pyramiding Scheme.
But using a pyramid model does not mean they’re doing something illegal or scamming people.
If they are telling their people to recruit recruit recruit, then sure they could be an illegal pyramiding scam. But looking at their website, people can join and they aren’t even required to recruit. They can just buy mining packages and “mine their own business.”
From their website:
So they have this dream and they see that MLM can help make this happen.
Their compensation plan needs to really be scrutinized, but I don’t think this is a scam.
They need to work hard on getting merchant acceptance for these coins. If they don’t this would be all for naught.
Pyramid schemes are illegal scams the world over. Paying on recruitment is an unsustainable business model.
Whether recruitment is optional or not is irrelevant. Paying recruitment commissions in MLM = pyramid scheme.
What you think is irrelevant, facts are facts.
No legitimate merchants are interested in MLM altcoin scams. None of them have true third-party merchant acceptability.
Okay fine. Pyramid Schemes ARE illegal. (Ozedit: Cool, we’re done here then. Excuses for pyramid scheme scamming removed.)
Capricoins is going to take the market! There is a lot of transactions done already.
One of my Leaders sold his coins to go oversea with his daughter and made a good extra amount on his CapriCoins. My investment is already 5x more than what I put in.
Viazionary is a good platform to learn everything about CrytpCurrencies, and with Vizionary I also earn Euros.
When a businessman plays bankrupt….and a lot of people loose money because of that! Why is he not a scammer???
In Network marketing the guy is a scammer…. in business he just lost his business…. don’t mind the people that lost their money!!!
After two years, shouldn’t that already have happened?
You know the numbers in your backoffice isn’t real money, right?
Unless there are new investors to buy in people like your upline won’t be able to sell their points.
Fraud is fraud, inside and outside MLM. It’s not just about losing money, it’s whether or not fraud was committed in the process.
What do you say now? CapriCoin is on Bittrex already, Ha Ha.
These days getting your altcoin listed on an exchange is pie. It’s an easy exit-strategy for scammers.
Vizionary is on my list for an update later today. Stay tuned…
@Bob Herman
lol.. 24 hour trading volume on Yobit was $4.91 whoo baby. LiveCoin was even better.. a volume of … wait for it… $275.08
TO THE MOON!
I’m looking at CPC in order to stake, is this a confirmed scam?
Or is it really one of the team members has a really shady past?
The MLM side of Vizionary is a pyramid scheme.
The crypto side of Vizionary is a worthless pump and dump altcoin, tied to pyramid recruitment.
You can plot the January pump against an Alexa traffic spike in the fourth quarter of 2017. Traffic spike = increased recruitment = new gullible investor money.
CPC last pumped to $2 or so in mid Jan. It’s now dumped back down to 30 cents or so.
Yeah, the latest Tweet from CapriPay is
No news or real progress here, pathetic to announce the price of your own coin (which is quite unimpressive).
Thank you OZ for posting this and bringing attention to this, I’m 90% sure this is a bullshit project, always appreciate people in the crypto community calling shady people out. Take care!
If anyone has an reports about being ripped off by Vizionary, can’t cash out, would they like to talk to me, I’m a journalist writing a report about this company and it’s founding members.
Please email me – j.coversmith
Josh