Here we go guys.. another interesting article i found from my fellow blogger with how many people possibly affected by Questnet over the period of time...,
The company goes by the name of QuestNet Ltd. and the subsidary that sells the "Antique" coin is called Gold Quest international and operates out of Honk Kong.
Very convincing arguments were presented to lure people into buying these coins, mainly citing "Poor Salary" paid to software engineers and the number of people who had already bought houses, cars etc.. etc.. within a hundred days of joining.
This entire business can be simplified in an alternative way: "I will let you steal from me and will help you steal two others. You share profits with me." The steal here is exponential and the profit sharing, Linear. It is obvious who benefits.
Tried to convince a few infoscions at the "presentation", that it is mathematically provable that a majority of those in the MLM tree would end up as losers. Their strategy is to form a binary tree and distribute money whenever 3 people join both your left and right nodes.
Assume that everybody in the world joins your MLM tree. Let the tree miraculously happen to be balanced - the "overall" best case scenario for you and the worst case scenario for the fraudsters:
The simplest way to rubbish this scheme is that HALF of the tree is in the leaf nodes and those Leaf nodes would not make any money because
they can't have three people in their left and right nodes. Same argument holds for the penultimate level of the tree. So a minimum 75% of those who join this scheme are doomed to lose money in the best possible scenario.
Other Interesting Stats:
Assuming an "average" binary tree with a very conservative skew factor of "2" and 100 million people (rough estimate of how many people in India can theoretically afford it) joining the tree. It turns out that 98.46 million of those would end up as complete losers and Indian Economy would be bereft of 25000 crores.
Considering the face value of the "Antique" coin - 7k and the price at which it is sold - 33k, the guy (a gal in this case) at the top of the tree can swindle a minimum of 10 crores in conning just 4300 people. And This number has already been crossed.
That said, you can *still* make a loot and get away with it if you find enough Fools to join your tree. And that, I suppose is not a big problem.
P.S: Impertinent/Verbose mail was to convince at least one soul who might be led astray by the fallacious scheme. Apologies to those who find it irritating.
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Comments
I hav also not joined that scheme..bcas of my personal reasons..but the scheme is really gud!!
Pls dont comment on anything untill u really know about this..
U told if every body joins inn this business..leaf node gets affected...
"Ass"ume if every one in the world buys Hero Honda..will the company shut the production!!
Guys!! Think logically b4 u shit some thing!!!!
Enjoy buddy
BIKS
its true ! & as of now we can C how the beneficiaries of the saw called boon reacting verbously 2 this topic .... does it fell itching dude ??? fear of the chain getting collapsed ? & money 4 free is gonna stop ? for further ref check out http://en.wikipedia.org/wiki/Goldquest there r many betta ways 2 end up in a prison :D
But, Hero Honda company does not force its customers to sell its product to another 2.
A simple example....
Lets say, there are 10 people in this world, excluding you.
(chosen a small number for simple understanding)
And you managed to join all 10 under you in the QuestNet tree.
In the best case,
(forget about the gold coins)
3 persons will get 11000 check
2 persons will get 3000 check (I am not sure on the exact amount. It should be from 2500-3500)
6 persons will end up with empty hands
Who are those poor fellows, who haven't received a single check yet?
Aren't they your friends? or your friends' friends?
One may defend that the population will increase.
Here is the explanation...
For the existing members of the tree to get their money back (say 2*11K checks), the population should increase from 10 to 46 (460% increase in population).
How long should they wait to reach that population?
And what about the newcomers?
Does it make sense???
can some body explain me, whats behind every, Tom, Dick and Harry buying a phone worth 30k?, can our counrty's economy fall cuz of it ? Everyone knows the funda of softdrinks, whats the actuall cost of soft drinks you buy every now and then ? and do you know the money these companies make ?
and does our economy shake because of it ? come on guys even if zizillion people lose 30k or less ( given the cost of the product they buy) they would blow it anyways in soft drinks, cell phones, fast food or some fancy gadget or a sports car or a bike, being a choice of their own. In the world we live, look back and try to recollect how many 30ks have u spent effectively? you would be one among them.