And in the beginning, Bryan created PIPS...
And in the beginning, Bryan created PIPS. And there was much joining and rejoicing by the multitudes...
Yeah, Right! Let’s recap, people. Cold, hard facts.
1. PIPS is a computer program developed by computer software programmers, of whom there are probably millions in the world today. No shortage of skill there.
2. Likewise, the PIPS web site was created by web designers, and
3. There are hundreds of reputable payment gateway companies out there. I have dealt with a few of them myself in the past without problems.
4. According to the splurb on PIPS home page, all monies were invested in stocks, bonds, forex, property and venture capital. This was done by professional investment managers operating in 3 time zones, an effective 24/7 operation. This is where our returns came from. (I have a program that enables me to trade on our local stock exchange via the ‘net. It IS possible to make 50% a day or more, if you know what you are doing!).
5. Malicious forces (?) started rumours about PIPS and money laundering that caused banks, our erstwhile payment gateways, previously happy to take on PIPS’ business, to withdraw their support.
6. Bottlenecks, backups and stories about each transaction being done by hand and taking 20 minutes to complete resulted in withdrawal requests not only being late, but stopping altogether.
7. BoN steps in, and it’s all over bar the faint flicker of hope struggling to survive in the face of a howling gale of reality.
How am I doing so far? Are you still with me? Keep reading, I’m going somewhere with this…
Surely, taking the first 4 points above, out of an estimated 200,000 members, there must be a dozen or so people with the necessary skills to start up a similar project, utilizing these available skills, that belongs to the shareholders – the members – and not to one person?
Surely it can be done legitimately and above board, with transparency for all to see, with physical premises, auditors and our own tax consultants to see that we pay enough tax and not too much?
I, for one, would be happy to pay tax on money I wouldn’t have had otherwise, if I even only made more than I’m making now, never mind if I’m suddenly rolling in it!!
Let the (now disillusioned) ex-PIPS members rather pay an extra $500 or whatever into something we grew to understand and like, rather than a pie-in-the-sky lotto that only a few lucky ones are ever going to get anything out of – if ever, considering who the architect is!
For me, I’d rather have steak-on-the-plate than pie-in-the-sky.
If anyone else likes my idea, and you have the necessary skills or you are able (willing?) to spend a little more money to make back what you lost, please feel free to get in touch with me.