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[PONZI] Awkward Honesty #1 1B @ 9,3% FILLED! well... sort of.
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Awkward Sanchez

Awkward Honesty Inc.

Likes received: 32

#1 - 2013-11-25 19:18:12 UTC | Edited by: Awkward Sanchez

Gentlemen,

Behold my first offering of the Awkward Honesty project, an attempt at running a uniquely transparent Ponzi scheme in EVE.

I will start off small, at 1 Bil available to investors @ 9,3% return. this return percentage is totally random and I like awkward numbers, hence the ,3 in it.

HOW IT WORKS:

I'll allow a maximum of 1 bil to flow into the scheme to start with, any amount over this will be refused and returned to sender.
once the scheme is filled, I will use this money to speculate on the market and try to make profit. but this is not the point of this scheme, even though it will help out for the longevity of this initiative.

at the end of the term, I will repay all investors in full + 9,3% interest. this 9.3% will come out of the next batch of investors daring enough to join in, but that's something for Awkward Honesty #2.

WAIT, WHAT!?

I understand your confusion, for I know what you are thinking: this is a scam.
well yes, by nature this is fraudulent, so you might consider it a scam. however, I am totally honest about it, so hear me out. I am not going to bite at a measly 1 bil return. much rather, I would like to see how far I can go with this, hopefully higher than previous attempts with less transparency in their intentions. the question remains though, when will I cash out? I'll try and do a prediction on that front.

I am an alt. so much should be clear by now.
My main is a trader, so I know what I'm doing, I will try and make an effort to legitimately make more isk of the isk that is sent in my direction. as long as I have the feeling that I might make more by doing another round, I will keep up offering investment opportunities. however, of course there will be a moment where either A) the interest rate will be too high for me to pay or B) the interest rate will be too high for me to want to pay, risking monetary doom on my side. however, as long as business looks well and healthy, I won't let my investors down.

What this means, is that you, the investor, will be seeing returns. especially the first timers can be guaranteed a full return of their investment, as 1 bil is not nearly enough to satisfy my attempt.

HOW TO INVEST

Contact me ingame through mail or convo if I'm on and let me know you are interested.
alternately you can post in this thread with the amount you would like to secure.
Attention

minimum amount is 50 mil, will only accept multiples thereof.

Once I have confirmed your offer, you can send your investment to me, with the description "AWHO#01"
any amount over my target will be refused and returned to sender.

at the end of the term, I will return your investment +9,3% interest.
Attention

If anyone so decides to fill up the remainder in one go, I shall up his percentage to 12.8%!!! that's right, 12.8%!!! Attention

The term duration is 2 weeks and will start at 23.59 27-11-13 (see edit).

Finally,
I would like to remind you all that this is indeed a ponzi scheme set up to rid you of your ISK, with a chance to see high returns for as long as it is growing. this makes it a very risky investment, but interesting nonetheless if you know what you are doing.
don't invest what you can't afford to lose.

If you have any questions after reading this wall of text or simply feel like a chat, feel free to join ingame channel Awkward Honesty. You'll find me there.

Kind regards,

Awkward Sanchez
Awkward Honesty Inc.

EDIT
Elizabeth Norn was kind enough to point out I have competition offering higher return rates at 18% on a monthly basis. therefor I have decided to up the return percentage to 9.3%, which translates to 18.6% monthly.

After a good chat with Dr Awesome Lovelyface, I have decided to push forward the start of the scheme. less than 24 hrs from now (23.59 27-11-13 to be exact) I shall lock the scheme and the 2 week countdown will begin. this to prevent me from holding on to the isk longer than agreed upon with the investors. my fraud is not about that.

EDIT/CLARIFICATION
In this thread you will find a few people voicing their concerns whether or not I'll simply run off with this first billion isk. let me try and reassure you: this is not my intention. my goal is a lot higher then where we are right now, I am starting off low to help out with the sense of security. you may call it the "Rep Grind" you see popping up ever so often in the loan topics. well here I am, doing it. so even if I am not assured of new investors for the next 4 or 5 rounds, I will probably just pay it out of my own pocket if I have to, after all a 100 mil investment is not much for a 20-fold return, wouldn't you say? (NOTE the 100 mil investment is an example. I am not cashing out here or after this round or anywhere close to that. I want to stick around for the next few months to a year if possible.)

Awkward Honesty. the only mutually profitable scam in eve.

Awkward Sanchez

Awkward Honesty Inc.

Likes received: 32

#2 - 2013-11-25 19:18:22 UTC | Edited by: Awkward Sanchez

INVESTORS

Derp Durrr @ 100 mil - Isk Received

Quinn Cooke @ 150 mil - Isk Received

Dr Awesome Lovelyface @ 100 mil - Isk Received

Tom Fool @ 100 mil - Isk Received

AND SO IT BEGINS!

As promised to Dr Awesome Lovelyface, the scheme is now officially in motion. I have received a total sum of 450 mil in two days, with no collateral, under no false pretense of legitimacy. the funny thing is, time will tell this initial round will be as legit as they come. To my loyal, daring investors, have no fear. your I.S.K is in safe hands and you shall be reunited with it soon (+ Interest).

My approach from here on is simple.

Of course, as many of you have done over the past few days, weeks, months or even years, I too have been analyzing the market. with items like Zydrine and Megacyte being at an all time low (I find it strange there is no fuss about M, would have been so easy), this would be a great time to hop on the wagon and surf it to glory. yet again, Thulium is getting up to speed and soon shall be reunited with its brethren of the r64 class, a position it has always deserved but has never received. like every other sensible trader in new eden, of course I have bought into that one heavily (albeit with my main) and I am laughing myself to riches as goons are bottlenecking it to bits (thank you Mynna <3 ).
However, it would not be a very spectacular investment, now would it? not to mention I dont even have the trader skills trained to place more than 5 orders I believe, so I guess I will have to go for a more sensible thing to do.
My investment strategy will be as follows:

A) Blink
B) Guidance Systems

ask yourself, what could possibly go wrong? Lol

(...)

then by the end of this two week term, I shall see how my wallet is doing, fill the void that will be staring at me and pay out my investors like everything is peachy.

I might even ask Vaerah for an audit.

so quick reminder: this ponzi is now closed to new investors. if you are interested in my future offerings, feel free to join my ingame channel "Awkward Honesty" or shoot me a mail, the waiting list for my next offering is open.

Cheers,
Sanchez

Time for my "few days in, skies are clear" report:
I've decided to approach the market like I'm on a skiing trip. opened the market graph and looked at the nicer mountain clusters that resembled aspen the most and started tossing isk down the slope, especially the ones with a little ramp at the end. I've always been a big fan of the ESPN wintergames and anything that falls under the extreme sports category. so my theory for this week is "the steeper the slope, the higher the launch".

oh and of course

1. Blink
2. Guidance Systems

don't worry my dear investors, your isk is in safe hands.

I bought a drake today. it felt glorious. Do people know about this? the joys of flying a drake, oh man I could fill this entire post with ramblings on how much I loved my new drake. loved, for I sold it afterwards. its one of the pains of a marketeer, never being able to truly bind with all the little surprises in life. you're married to profit, who turns out to be a cheating biatch while giving you **** for christmas. anyway...

So I dont believe in blink anymore. I find it a scamdalous operation which determines its winnings based on algorithmic scaling. also I saw a good question in their thread, what have they done for plex for good? quadrilionaires unable to buy up the plex market? come on.
so I have switched to Podluck instead. it sucks and the winnings are crap, but hey. ... there is actually no reason to be doing it, consider my self defense void.
so thank god for guidance systems. I would tell you all to buy huge stockpiles of em and just profit forever, but that would be too easy.

to my dear investors,
you were wise in choosing me. I love isk and Isk loves me, its like we were made for each other. don't tell her parents yet, I'd like to keep it a secret.

7o

Awkward Honesty. the only mutually profitable scam in eve.

Napkin Nation 131
okoolos rimmer Napkin Nation Likes received: 131	#3 - 2013-11-25 20:16:01 UTC \| Edited by: okoolos rimmer rofl on a serious note: why would a second "generation" of investors give you money knowing there's a big chance they'll get screwed? Knowing that fact the first "generation" of investors will rightfully expect to get screwed.

University of Caille Gallente Federation 304
Derp Durrr University of Caille Gallente Federation Likes received: 304	#4 - 2013-11-25 20:20:45 UTC 1 Wait... wha... I dont even... heh???? Founder of the soon-to-be Legendary Tournament series -=DESTRUCTION DERPY=- Are you up for the challenge? Join our ingame channel Destruction Derpy today!

Doomheim 2,211
Daniel Plain Doomheim Likes received: 2,211	#5 - 2013-11-25 20:27:00 UTC 1 this is the best business idea i have read since i woke up 5 minutes ago. I should buy an Ishtar.

Elizabeth Norn

Nornir Research

Nornir Empire

Likes received: 1,064

#6 - 2013-11-25 20:28:18 UTC | Edited by: Elizabeth Norn

You've admitted the nature of this is fraudulent and it's a fact that some people who are too late to throw their money at you will lose it. What's stopping you from keeping amounts over 1b and what is going to make you actually pay out interest and return initial investments?

Why use a no reputation alt when you're trying to be transparent?

How is this any different from the *~ONLY LEGIT ISK DOUBLER IN NEW EDEN~* people shouting over each other in Jita? Maybe, just maybe, the next one I try will be honest.

Quote:

I would like to remind you all that this is indeed a ponzi scheme set up to rid you of your ISK, with a chance to see high returns for as long as it is growing. this makes it a very risky investment, but interesting nonetheless if you know what you are doing.
don't invest what you can't afford to lose.

I would say 8.3% is pretty low for something like this.

Free 3rd party services

Buddy link w/ bonus 250k SP, you keep the whole PLEX upon subscribing

Daniel Plain

Doomheim

Likes received: 2,211

#7 - 2013-11-25 20:30:19 UTC

Elizabeth Norn wrote:

you used to wear a helmet to school didn't you?

I should buy an Ishtar.

Awkward Sanchez

Awkward Honesty Inc.

Likes received: 32

#8 - 2013-11-25 20:44:56 UTC | Edited by: Awkward Sanchez

Elizabeth Norn wrote:

first off, thank you for your questions. I shall try to answer to my best capabilities.

you should see it as every other uncolateralized investment thread in MD, but most of them are thinking too small. running off with crumbs while working themselves into a web of lies and deception, while they might as well be very clear and simple about it: sure, this is a ponzi and eventually, someone will lose. but then again, I am not stupid. you and I both know that 1 bilion isk is but a drop in the ocean compared to what is available out there. so why would I run at 1 bil, if I can keep up a sense of security upwards of 10, 50, hundreds of bilions or more? it all has to do with how stable this commodity will prove to be, just like any other market bubble at any given time. it's not about where it will end, its about how you can make it work for you while it lasts.

Take somer blink as exibit A.
many before Somer have tried to run a lottery service, with a high chance of losing everything and an even higher chance to never win a thing in the first place. where blink excelled though, was a combination of effort, transparency and a sense of security. sure, you would lose bilions, but you would be grateful for all potential profit along the way. to this day, blink is still active and its still making people happy by taking isk, while the nature is transparent as it can get: the house always wins.

as for my alt,
I'm being transparent within the context. why does batman wear a suit? so he will be able to do things he wouldn't be capable of in the form of bruce wayne. I don't want my main to have anything to do with this, for he has a clean slate and I am sure this would, in the long run, tarnish it. also, this way I might be able to transfer any and all E-peen credit to my main if this turns out to work in my favor. sad, but true.

as for the isk doubling comparison in jita,
there is no transparency in that. they offer legitimacy while not being true to their word.
I offer a product of value for as long as you chose to believe me. compare it to the monetary system: the only reason we live by the laws of economics is because we chose to value it. as soon as we stop valuing our system of monetary value, we will go back to trading my goats for your sheep. so as long as we all decide to keep the value of this ponzi up, we might be able to profit collectively. once again it is not about where it ends. its about how you can make it work for you while it lasts.

EDIT
didn't see your comment about 8.3 being low. you probably didnt see this is not a monthly term, but a 2 week term. so in theory, this could turn out to be 16.6 on a monthly basis. still too low? well maybe I can conjure something out of thin air, I'm open to suggestions.

Awkward Honesty. the only mutually profitable scam in eve.

Elizabeth Norn

Nornir Research

Nornir Empire

Likes received: 1,064

#9 - 2013-11-25 20:52:18 UTC

Awkward Sanchez wrote:

[quote=Elizabeth Norn]
EDIT
didn't see your comment about 8.3 being low. you probably didnt see this is not a monthly term, but a 2 week term. so in theory, this could turn out to be 16.6 on a monthly basis. still too low? well maybe I can conjure something out of thin air, I'm open to suggestions.

I edited it a few minutes after, I was just thinking of your competition, some of them already well established such as http://www.minevest.com/ who offer 18% per month, and they have a flashy website.

Free 3rd party services

Buddy link w/ bonus 250k SP, you keep the whole PLEX upon subscribing

Awkward Sanchez

Awkward Honesty Inc.

Likes received: 32

#10 - 2013-11-25 20:53:38 UTC

Elizabeth Norn wrote:

Awkward Sanchez wrote:

Point taken.
Will edit the offering to 9.3%. thanks for pointing that out.

Awkward Honesty. the only mutually profitable scam in eve.

Carbenadium Industries 13
Drab Cane Carbenadium Industries Likes received: 13	#11 - 2013-11-25 21:12:46 UTC \| Edited by: Drab Cane 1 This, this is the kind of fun offering on MD that I've been hoping to see. My ISK is already riskily invested, but I still hope it gets filled. Fun to watch. /popcorn


Awkward Sanchez Awkward Honesty Inc. Likes received: 32	#12 - 2013-11-25 21:16:47 UTC Drab Cane wrote: This, this is the kind of fun offering on MD that I've been hoping to see. My ISK is already riskily invested, but I still hope it gets filled. Fun to watch. /popcorn Don't worry. I'll be around for a while Awkward Honesty. the only mutually profitable scam in eve.

Elizabeth Norn

Nornir Research

Nornir Empire

Likes received: 1,064

#13 - 2013-11-25 21:24:28 UTC | Edited by: Elizabeth Norn

Awkward Sanchez wrote:

you should see it as every other uncolateralized investment thread in MD, but most of them are thinking too small. running off with crumbs while working themselves into a web of lies and deception, while they might as well be very clear and simple about it: sure, this is a ponzi and eventually, someone will lose. but then again, I am not stupid. you and I both know that 1 bilion isk is but a drop in the ocean compared to what is available out there. so why would I run at 1 bil, if I can keep up a sense of security upwards of 10, 50, hundreds of bilions or more? it all has to do with how stable this commodity will prove to be, just like any other market bubble at any given time. it's not about where it will end, its about how you can make it work for you while it lasts.

How popular do you think such a thing can become when you're not deceiving people the way a normal ponzi does? I guess this still preys on people's greed.

Awkward Sanchez wrote:

Take somer blink as exibit A.
many before Somer have tried to run a lottery service, with a high chance of losing everything and an even higher chance to never win a thing in the first place. where blink excelled though, was a combination of effort, transparency and a sense of security. sure, you would lose bilions, but you would be grateful for all potential profit along the way. to this day, blink is still active and its still making people happy by taking isk, while the nature is transparent as it can get: the house always wins.

Somer gained a reputation before starting Somer Blink by being trustworthy. I guess one difference between this and a randomly picked winner in a lottery is that you can be biased.

Awkward Sanchez wrote:

as for my alt,
I'm being transparent within the context. why does batman wear a suit? so he will be able to do things he wouldn't be capable of in the form of bruce wayne. I don't want my main to have anything to do with this, for he has a clean slate and I am sure this would, in the long run, tarnish it. also, this way I might be able to transfer any and all E-peen credit to my main if this turns out to work in my favor. sad, but true.

Lots of people in Gotham don't trust Batman because he is wearing the suit, others approve of his actions. *quote from Nolan's The Dark Knight*.

Awkward Sanchez wrote:

as for the isk doubling comparison in jita,
there is no transparency in that. they offer legitimacy while not being true to their word.
I offer a product of value for as long as you chose to believe me. compare it to the monetary system: the only reason we live by the laws of economics is because we chose to value it. as soon as we stop valuing our system of monetary value, we will go back to trading my goats for your sheep. so as long as we all decide to keep the value of this ponzi up, we might be able to profit collectively. once again it is not about where it ends. its about how you can make it work for you while it lasts.

Some ISK doublers suggest that there are complex rules to their game and if you weren't rewarded then you did not follow the rules correctly, just like you they are claiming that they themselves are legitimate businesspeople and I guess each potential investor has to decide for themselves, although I don't suggest testing each ISK doubler unless it is for science.

Free 3rd party services

Buddy link w/ bonus 250k SP, you keep the whole PLEX upon subscribing

Awkward Sanchez

Awkward Honesty Inc.

Likes received: 32

#14 - 2013-11-25 21:41:20 UTC

Elizabeth Norn wrote:

How popular do you think such a thing can become when you're not deceiving people the way a normal ponzi does? I guess this still preys on people's greed.

Indeed, it still preys on people's greed. as for how popular this thing will become, I believe it has everything to do with my target audience. if the only people trying to gain from this in the long run will be the small fish out there, this could turn into a disappointment rather quickly. but with a bit of support from the greater MD community out there, capable of valuing this scheme for what it is capable of (being them profiting off the backs of the "last wave"), this could potentially go on for quite a while. I have no intentions of abandoning ship if this scheme turns out profitable enough to maintain for the next few months or even years. as I am typing this, I can only compare it to EVE's latest addition of the Ghost Site. if you are quick enough, it will work out in your favor. otherwise, all I leave you with is your pod and some experience.

Elizabeth Norn wrote:

Somer gained a reputation before starting Somer Blink for being trustworthy. I guess one difference between this and a randomly picked winner in a lottery is that you can be biased.

This is indeed true, albeit partially. Somer had a trustworthiness as a third parter, however trust is all she had. there was no proof she would quote the dolphins but the evidence of her legitimacy. in the end, I think Somer is laughing all the way to the bank, while still being considered "legit" (even CCP being unable to dish out punishment for RMT, it is quite honorable really).

Elizabeth Norn wrote:

Lots of people in Gotham don't trust Batman because he is wearing the suit, others approve of his actions.

indeed. I love batman.

Elizabeth Norn wrote:

The biggest difference is that the isk doublers are making it complicated one way or another.
"follow this string of rules and then, only then, will you be scammed. otherwise you didnt follow the rules therefor I am still legit." the end result is always that you wouldn't see any return whatsoever, at least I have yet to see a serious return to be paid from a doubling service.
I am being totally honest: some day I will run for it with your isk. but as with any investment, it would be unwise to buy a product at an all time low, only to sell it a few isk higher, when you would profit up to a gazilionfold more if only you would be patient. so patience, indeed, is a virtue. I shall pounce someday. but quitting this ponzi prematurely would be nothing short of stupid and a complete waste of effort. so ask yourself, would you take me for the kind of guy who would run with the crumbs, or do I have a point in assuming the outskirts of eve's generous mistakes is yet to be reached?

Also, I snipped a few parts in the quotes to prevent the quotenaught.

Awkward Honesty. the only mutually profitable scam in eve.

Awkward Sanchez

Awkward Honesty Inc.

Likes received: 32

#15 - 2013-11-25 22:08:56 UTC

okoolos rimmer wrote:

rofl

on a serious note: why would a second "generation" of investors give you money knowing there's a big chance they'll get screwed? Knowing that fact the first "generation" of investors will rightfully expect to get screwed.

I'm terribly sorry mr. Rimmer, I completely missed your edit.
anyway, as I tried to explain to Elizabeth, it is not a matter of "if" but a matter of "when". if I feel like its going to be hard to reach beyond what lies in my grasp, I will indeed cash out. but I believe that point is not close yet, not by a long stretch. besides, a Ponzi is not a Ponzi if it doesnt survive the first few waves. I am not here for a quick bil, I'm thinking bigger than that. and so can you. that perhaps is the most interesting point here, if only enough people believe in the value of a round, the likelyhood of a next wave is within reach. for if you believe it, so will I. for now, rest asured. the jackpot is not even close.

Awkward Honesty. the only mutually profitable scam in eve.

Elizabeth Norn

Nornir Research

Nornir Empire

Likes received: 1,064

#16 - 2013-11-25 23:11:50 UTC

Awkward Sanchez wrote:

My point was, how do we know you're not feeding us the same spiel the ISK doublers do? Albeit in a different flavour.

Free 3rd party services

Buddy link w/ bonus 250k SP, you keep the whole PLEX upon subscribing

Awkward Sanchez

Awkward Honesty Inc.

Likes received: 32

#17 - 2013-11-25 23:27:03 UTC

Elizabeth Norn wrote:

Awkward Sanchez wrote:

My point was, how do we know you're not feeding us the same spiel the ISK doublers do? Albeit in a different flavour.

Even though I fully understand the question, I do realize it's incredibly hard to answer to your liking.
If I'm totally honest here, I have never tried the isk doubling service, for I found it a lot of effort for little to no return. besides, in my humble opinion there is nothing honorable about scamming through this particular isk-doubling game. same goes for contract scams etc. I would like this scheme to be of a different nature, being one where I am actually going to try and make an effort to keep this bubble up as long as I can. so it could very well be that I will ask you all along the road for advice on what to do to keep this ponzi alive. it is not in my interest to run off at the first opportunity, it is in my interest to keep this business up as long as possible. after all, the bigger it is, the higher the end profit. so lets call this my game.
your game, as an investor, would be to keep me making an effort of keeping the bubble alive. lets take technetium for comparison. this was one hell of a big bubble. yet a lot of people profited from it. if this scheme would pick up a following, it could be at a high point for a long time.
as for the purity of my intentions, well, there is no doubt about that. I'm in it for profit. but so should you. I have already put my cards on the table by stating that this is a ponzi scheme, so that's as legit as I will get. but the longer we all keep it alive, the more everyone will profit.

so tl;dr:
the difference lies in the intention. this is an honest effort of trying to set up a working ponzi scheme, whereas an isk doubling service is not honest about its intentions to scam you... I know, its weird, but you will see the difference.

Awkward Honesty. the only mutually profitable scam in eve.


Derp Durrr University of Caille Gallente Federation Likes received: 304	#18 - 2013-11-25 23:32:42 UTC Alright I'll bite. put me up for 100 mil. if you're gonna leg it, at least make it fun(ny). Founder of the soon-to-be Legendary Tournament series -=DESTRUCTION DERPY=- Are you up for the challenge? Join our ingame channel Destruction Derpy today!


Awkward Sanchez Awkward Honesty Inc. Likes received: 32	#19 - 2013-11-26 00:43:15 UTC Isk received. Thank you kindly good sir! Awkward Honesty. the only mutually profitable scam in eve.