Krazlam: forum

Get rich quick scheme made to sound like a good idea but is actually just a worthless gimmick meant to trick newbies and people that don't understand math.

 

700 Xanax is worth about 588m and while a private island has a base value of 500m, there are ways to get discounts and the player market has them at 488m. That means the host is taking a massive ~20% profit cut for themselves.

 

Compared to casinos and slot machines that generally payback over 97% and actual lotteries that generally take 1% or less for themselves, it's easy to see the numbers are absolutely egregious.

 

A very big part of the marketing gimmick for this is the idea that everyone gets an equal chance. Why? Who cares? There is no difference between having a 1% chance to win against 99 others and a 1% chance to win against someone else that stacked their odds and has a 99% chance to win. Either way your odds are 1:99 or 1/100

 

Hopefully that explanation is enough to dissuade people from throwing their money at this charlatan. 

I'll say it again! Get rich quick scheme made to sound like a good idea but is actually just a worthless gimmick meant to trick newbies and people that don't understand math.

Market Value of Xanax as of today is 847,573. A newbie might not know that this information is readily available, but if you're selling them for 810k each you're scamming yourself and everyone who entrusted you with their Xanax.

Let's go with your numbers for now. 810k per Xanax. 590 x 810,000 = 477,900,000. Hang on, didn't you say you get PI's for 475 million? A random 2,900,000 difference? Ah just a rounding error! It just equates to a 35.8% higher profit margin! That's barely anything! /s (Incase sarcasm wasn't obvious enough)

 

Between the actual value of Xanax and the aggressive rounding, you stand to realistically make 33,543,800. That's roughly 5.65% of the total value of 700 Xanax. Or if I go by your use of the word roughly, 10%! You rounded 586.42 to 590, so why not round 5.65 to 10%?

 

You need to understand your own concept. It's a lottery, which falls under gambling. Hosting gambling activities is a for-profit venture, saying you're not trying to maximize profit is simply a direct contradiction. Nobody looks at a community and says "We need a casino" and no popular story ends with the casino owner being the hero. 

My recommendation is simple, be honest.

 

Using another project to try to gain sympathy by saying it cost you money is weird at best. They're unrelated, nobody knows if it actually cost you money, but perhaps the weirdest part is you admittedly stated that it was because of your promotions. That's simply poor management. Given how much of a train wreck your numbers were, that's not surprising.

 

If making a profit isn't the point, why are you taking a commission at all? Never mind that you severely undersold how much you'd make (the technical term here would be fraud), in concept for something to be sustainable it just needs to break even.

 

Why even add the bit about 5 xanax to win a "Fully Upgraded PI"? Why stop there? Who knows, maybe one day you will have a chance to win a Trillion Dollars with only 1 Xanax! You're trying so hard to promote that you don't seem to understand what you're saying or why you're saying it.

If you don't want to see other people saying scam warning, maybe stop trying to scam people. Just a suggestion.

 

On a personal note, I feel like I'm coming off as trying to attack you, but I'm really not. I'm spending time and effort typing up my thought process and correcting your math. Nobody is paying me anything and I'm spending time I could be doing anything else. I do feel that this post is a little too aggressive in that sense. While I can math, unfortunately delicate communication isn't something I'm particularly good at.

Prefer Adult Novelties or Sweets Shop. Willing to consider other companies.

Man 10,066

Int 11,366

End 15,509

For what it's worth, I really was trying to help make this a little more entertaining for people while trying to clarify things.

 

This will be my last response because OP ruined it by saying the silent part out loud. I guess you can just spam bump from now on, cause that's fun to see.

I'll restate again since you seem to have a very difficult time understanding that my first post was meant to explain why others think it's a scam. I literally came here because you messaged me directly saying "Hey bro! This might be a fun shot at something that normally takes a long time to afford." You're right, I didn't come here for a rational discussion, I came here for a "fun shot at something..." was greeted with "Get this trash AI slop outta here", "bit concerning when you realize OPs NW isn't even equal to a base PI" and "a bit of bad faith advertising". So, my bad for trying to clarify and explain their concerns I guess. I said before that I didn't come here to argue and I know I sound aggressive but I really don't mean to.

 

It's unfortunate to add bad memory to your list of problems. You could just scroll up, everything here is recorded. Your understanding of behavioral psychology is astounding, too bad nobody asked and it's just another tangent in your efforts to discredit me for some reason.

 

What narrative are you going on about? I'll restate once again, I'm pointing out why people think your lottery is a scam and issues with information you present.

 

For the most part I've only repeated what you and others have said with a little added clarification. Others stated that this whole thing nets a "Juicy profit for OP", which I quantified and qualified to around 20% and that is excessive to the point of being egregious.

 

You said yourself that your previous venture cost you money because of the promos you did. I'm literally just repeating what you said.

 

Rounding as aggressively as you did is a textbook definition of fraud (Point to ponder, Scamming is considered a fraud crime in this game). It's both significant and intentional. That you're trying to underplay that is bad faith. Something someone else already argued by saying that you don't even have a PI ready to deliver and you've since validated when you argued there's time pressure to sell the Xanax you collect. You should have the prize ready before doing any lottery.

 

It's unfortunate you can't follow the logic, especially since it's your own logic. As I just explained I'm repeating and clarifying what you said.

 

You're still misunderstanding. I've said this many times, my issue is your lack of honesty, and by extension lack of good faith. You're so concerned with marketing gimmicks and now discrediting me and for what? Let's say you're absolutely right, you win. Great, and? So your lottery is going well and you've already gotten your 100 participants, done the draw, and given out prizes? Awesome everybody's happy! Oh it hasn't happened. Well, maybe some of the reasons are because [Read above].

 

Stop looking for details to make excuses and complain about. I said before, I don't care how much you make, but if you're going to give numbers and try to be transparent, it needs to be accurate and truthful. Rounding off millions of dollars and then downplaying it is making the issue worse. It's saying that if there is a problem your reaction is to deny and ridicule whoever pointed it out. If you're calling it pay for reading my comments, then you definitely don't deserve it since you obviously aren't comprehending them.

 

You seem so distressed in trying to defend the whole Xanax trade thing, but the biggest issue there is you shouldn't need to sell them at all. To host a lottery in good faith, first you should have the prize ready to deliver. The Xanax you get, you can take your time selling, use yourself, trade for other goods and services, the point is you're ripping yourself off and adding extra delays because people have to wait for you to sell them and buy the PI. It should be the case where the second you get 100 entries, you do a draw and deliver the prizes. Then when you get another prize ready, go on for the next round. This is why I said before that sustainable just means it has to break even. As long as you can prepare a proper prize, it can perpetuate.

 

It's been a couple hours! :D You're welcome. I aim to please. (This might sound sarcastic but really I started this conversation with the intent of helping by explaining concerns and pointing out important issues. That it didn't go as intended is well... Failure is always an option)

It's very simple, because he reached out to me about this lottery and then asked for feedback. It's not my fault he doesn't like hearing why people think it's a scam or having someone correct his math.

 

I didn't come here looking for an argument, I originally came here thinking it might be worth chucking 7 Xanax at a lottery, but now I see the host is an irresponsible lunatic that I wouldn't trust with a single torn dollar. If you already gave him 7 Xanax, I hope he hasn't already ripped himself off by underselling them for 810k and can at least refund them to you. Or if you're the guy making a fortune off people like him funneling you cheap Xanax, sorry but not really.

Congratulations on continuing to ignore the problem and trying so desperately to mislead.

 

Market Price Vs Bulk Price is a point I brought up, but if you read you'll see that I went with the number YOU provided, 810k. No point in addressing the rest of it, as it isn't relevant.

 

Profit Calculation, you said specifically that your profit is 10 Xanax, at a rate of 810k each. 2.9m divided by 810k is 3.58 Xanax, or you know 35.8% MORE than 10 Xanax. I'm glad you even quoted that I said profit margin, because yes it's a number based on your stated profit margin.

 

Your other points all jump to conclusions. I said that sustainable does not mean profitable, a break even venture is by definition sustainable. You seem convinced that there has to be a profit, which is fine too. Nobody has argued against you making some money. When the amount is speculatively egregious, it raises eyebrows. This does not build trust or confidence in your would-be participants.

 

You're saying there's no "playing the victim" here, no such accusation was made. 

 

At no point did I ever say running a lottery is simple or some easy money making machine. I do say "get rich quick scheme" but that refers to the people you're trying to attract, not to you yourself. Frankly, even if you did manage a 10% profit, I'd consider it a massive amount of effort for the payout. Then you say if I "truly believe [I] can create a better system..." No. I absolutely do not want to, never claimed that I could, why is this even a point? But on an unrelated tangent, since you brought it up, why is "Offer a lower entry price." part of that? Lower entry pricing isn't crucial.

 

So now you're here trying to ridicule and discredit me with nonsense and pointless distraction. The whole point of my recommendation to be honest, is just that. If you're going to provide numbers and information, they need to be accurate and transparent. Saying 7 Xanax gives a person a 1% chance to win a basic Private Island was accurate and transparent. But everything else is marketing gimmicks and most of the numbers you present are either incorrect or given in a misleading way.

 

My whole issue is I don't trust you. I don't trust someone that thinks it's a good idea to run a 20%+ profit lottery. I don't trust people that mismanage their own promotions so much that it ends up "costing" money. I don't trust people to handle this kind of thing if they can't do and communicate math. I certainly don't trust people who then try to 'defend' themselves by trying to misrepresent information. 

 

I agree with Ostaf in that it isn't a scam in the sense that it's clear what people pay in, their odds of winning, and what they can potentially get. My first post did not call it a scam or say scam warnings, I simply stated it was a bad deal as lotteries go and explained the thought process. 

 

The OP's follow up of poorly presented numbers convince me that the guy cares more about making it look good than actually presenting accurate information. It's crazy to me that I go through the trouble of explaining why other people think it's a scam, then when you ask for suggestions and recommendations, I spend more time and effort correcting your information and directly telling you that you need to be honest. Even laying out specific details regarding why people might be skeptical. For that, you decide to attack me and make me feel like I have to defend myself. Are you even trying to make this work? Seems to me like you're lashing out because you couldn't get your original ~20% profit lottery going. Blaming me won't fix it. It's not my fault, again I wasn't even calling it a scam until you started giving aggressively rounded numbers.

I'll say it again! Get rich quick scheme made to sound like a good idea but is actually just a worthless gimmick meant to trick newbies and people that don't understand math.

Market Value of Xanax as of today is 847,573. A newbie might not know that this information is readily available, but if you're selling them for 810k each you're scamming yourself and everyone who entrusted you with their Xanax.

Let's go with your numbers for now. 810k per Xanax. 590 x 810,000 = 477,900,000. Hang on, didn't you say you get PI's for 475 million? A random 2,900,000 difference? Ah just a rounding error! It just equates to a 35.8% higher profit margin! That's barely anything! /s (Incase sarcasm wasn't obvious enough)

 

Between the actual value of Xanax and the aggressive rounding, you stand to realistically make 33,543,800. That's roughly 5.65% of the total value of 700 Xanax. Or if I go by your use of the word roughly, 10%! You rounded 586.42 to 590, so why not round 5.65 to 10%?

 

You need to understand your own concept. It's a lottery, which falls under gambling. Hosting gambling activities is a for-profit venture, saying you're not trying to maximize profit is simply a direct contradiction. Nobody looks at a community and says "We need a casino" and no popular story ends with the casino owner being the hero. 

My recommendation is simple, be honest.

 

Using another project to try to gain sympathy by saying it cost you money is weird at best. They're unrelated, nobody knows if it actually cost you money, but perhaps the weirdest part is you admittedly stated that it was because of your promotions. That's simply poor management. Given how much of a train wreck your numbers were, that's not surprising.

 

If making a profit isn't the point, why are you taking a commission at all? Never mind that you severely undersold how much you'd make (the technical term here would be fraud), in concept for something to be sustainable it just needs to break even.

 

Why even add the bit about 5 xanax to win a "Fully Upgraded PI"? Why stop there? Who knows, maybe one day you will have a chance to win a Trillion Dollars with only 1 Xanax! You're trying so hard to promote that you don't seem to understand what you're saying or why you're saying it.

If you don't want to see other people saying scam warning, maybe stop trying to scam people. Just a suggestion.

 

On a personal note, I feel like I'm coming off as trying to attack you, but I'm really not. I'm spending time and effort typing up my thought process and correcting your math. Nobody is paying me anything and I'm spending time I could be doing anything else. I do feel that this post is a little too aggressive in that sense. While I can math, unfortunately delicate communication isn't something I'm particularly good at.

Get rich quick scheme made to sound like a good idea but is actually just a worthless gimmick meant to trick newbies and people that don't understand math.

 

700 Xanax is worth about 588m and while a private island has a base value of 500m, there are ways to get discounts and the player market has them at 488m. That means the host is taking a massive ~20% profit cut for themselves.

 

Compared to casinos and slot machines that generally payback over 97% and actual lotteries that generally take 1% or less for themselves, it's easy to see the numbers are absolutely egregious.

 

A very big part of the marketing gimmick for this is the idea that everyone gets an equal chance. Why? Who cares? There is no difference between having a 1% chance to win against 99 others and a 1% chance to win against someone else that stacked their odds and has a 99% chance to win. Either way your odds are 1:99 or 1/100

 

Hopefully that explanation is enough to dissuade people from throwing their money at this charlatan.