So I was invited to sign up for Payout pro a bitcoin based platform for promoting products. It allows you to create a portfolio of digital products to sell throughout the network.
It also has a number of plans available, including advertising.
My concerns are with this:-
- It only takes Bitcoin for deposit.
- Parts of it look like a Ponzi scheme
- In the video the guy says “this is not an investment” – but it looks like it to me.
- Don’t be fooled by people in videos – these can be people hired to make the videos.
It’s worth a go I think but my concern is everyone will get into the plans and ignore the products. This means it’s simply a Ponzi scheme. Where does the profit from the plans come from? If it comes from other people in the network it’s a Ponzi.
The WHOIS lookup gives this all the way through. No hope of finding out who is behind it from this.
Registrant Name: REDACTED FOR PRIVACY Registrant Organization: REDACTED FOR PRIVACY Registrant Street: REDACTED FOR PRIVACY Registrant City: REDACTED FOR PRIVACY Registrant State/Province: REDACTED FOR PRIVACY Registrant Postal Code: REDACTED FOR PRIVACY
So don’t put in what you can’t afford to lose and be prepared for it to disappear. I would give it 6 months, I might be proved wrong but you never know.
PayOutPro Office: 101 Las Canas, Bavaro Punta Cana, 23000 Dominican Republic is the office address. However as we’ve seen before this could be just a postal address. It looks like a golf course or a hotel – rather lovely!
Click Here to sign up (free) – but remember that even if it pays now it may not in the future – update in a week.
Update (a few days later)
So when you visit the site after registering it shows you an advertisement that you have to view before going into the site. I wonder if it will end up being an advertising network?
I am making a small profit on my investment at the moment but I have not realised it yet. Although I’m still unsure about it – I think it’s worth following for a while.
My advice – it’s worth a try but don’t invest too much yet.