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There are thousands of videos popping up on YouTube with how much money these people have 'made' on MMM Global, it's sad to see; https://www.youtube.com/result
by mikeyouse 11y ago
There are thousands of videos popping up on YouTube with how much money these people have 'made' on MMM Global, it's sad to see;
https://www.youtube.com/results?lclk=week&search_query=mmm+global+pays&filters=week https://www.youtube.com/results?lclk=week&search_query=mmm+g...
It's very likely a big part of the price increase, many of the local MMM sites advertise that they're bitcoin-only and all of the exchanges are extraordinarily shallow so small surges in demand really move prices.
Here's a pretty good article from a mid October predicting the huge run-up based on interest in MMM and how they reward posts to social media where people show off how much they've "made":
https://letstalkbitcoin.com/blog/post/mmm-global-republic-of-bitcoin-cryptos-next-scandal https://letstalkbitcoin.com/blog/post/mmm-global-republic-of...
If anyone pays for better website analytics, I bet you'd find a pretty striking increase in the MMMGlobal rankings in the past month or so that corresponds pretty strongly with bitcoin price. One more note is that the exact same price runup happened in July with Litecoin based on a different Chinese ponzi scheme:
http://www.dailytradingprofits.com/4669/was-litecoin-pumped-by-a-chinese-ponzi-scheme/ http://www.dailytradingprofits.com/4669/was-litecoin-pumped-...
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- mikeyouse 11y agoSide note: I don't know if anyone with the skill has the extra time on their hands, but it'd be interesting to track BTC through the MMM accounts to try and locate their largest addresses. It has to be in the millions by now if not much more..
- askmike 11y agoIt is easy to hide those amounts by just using a lot of different addresses. Of course people can try to tie those addresses together again, but that's pretty hard.
- simias 11y agoThank you for those links. It's crazy that people are falling for this even though they reuse the MMM brand and feature Sergei Mavrodi prominently. A simple google search should tell you what you need to know about the company and the people running it. It's sad really.
- drewm1980 11y agoI thought google wasn't doing business in China. Could be a local search engine is getting kickbacks, or a cut of a the ad revenue.
- gluelogic 11y agoThese these videos feel like they're following a script. Even the titles of all the videos are the same. "MMM Global Pays <amount>!"
- dmix 11y agoThey probably are scripted, MMM was famous among Russians for creating ads featuring 'commoner' actors in the 1990s. https://en.wikipedia.org/wiki/Lyonya_Golubkov https://en.wikipedia.org/wiki/Lyonya_Golubkov