View Full Version : Absolute Suckage - 2by2.net
07-24-2001, 04:28 AM
This is for the one person who might not read the Referrals Forum and may have missed my warning.
If you're interested, it was at http://www.gotapex.com/forums/showthread.php?threadid=17485.
Trust me, if you ever get involved with this company, you'll wish you hadn't.
If anybody has any questions about it, please feel free to ask.
07-24-2001, 10:36 AM
I think that ANY company or person that banked on the Internet representing "absolute" or "unlimited" growth is kidding themselves.
Close to 50% of the DotComs have realized this by now and are out of business. These were not run by scam artists (most of them at least), but by very intelligent, earnest people who simply lost sight of reality.
Imagine going to the roulette table and betting your last $1000 on black. With the first win, you double to $2000, after a streak of 5 in a row (letting it ride) you are now up to $32,000. With 4 more consecutive wins you are up to over half a million dollars. You are now one spin away from 1 million dollars. Do you press on or do you keep your cash and walk away. The odds of 10 blacks in a row are huge, and if you lose, you lose everything, but then again, the reward is huge too. Even more impressive, if you get another 10 in a row, you can buy the entire casino and hotel. Sure you have "unlimited potential" but that soon smacks into reality and reality smacks hard.
I don't know specifically about this place, but I notice they have a few features that other major web companies have:
1. Free portal -- Remember the spectacular collapse of Altavista, Go.com, NBCi, Lycos, and even what is about to happen to Excite.com? The big guys have lost BILLIONS in this business. It is just a tough market.
2. Free email for life -- I am one of the many victims of USA.net which recently explained that my life is shorter is most and so my email is no longer free. Again, ambitious, but not unique
3. Shopping mall - Thousands of these have died and some sucked hundreds of millions first (Remember Value America? Webvan?)
4. Internet Browser - does a company named Netscape ring a bell? Anyone still use Opera?
Bottom line - place might be overhyping, but this is nothing new
07-24-2001, 04:38 PM
Yeah, I haven't heard that (roulette) analogy before but I think that's a really good way to explain it.
As far as some of the other companies go with similar characteristics that you mentioned, I'd like to assume that they were run by honest people who at least thought that there was a way that the company and it's clients could both benefit. There is no possible way that this was true in the case of 2by2. It is not designed so that its investors can make money if the company makes money. As a matter of fact, there is no possible way under any circumstances that more than 13% of the people in that system can even break even. And 13% would be a miracle.
07-24-2001, 10:01 PM
I hate 2by2 also (i have a few friends that were scammed here and still fully believe that this will be their career for life, despite the reality I keep throwing at them)...but I don't like the roulette analogy. The odds of hitting black the tenth time around are exactly the same as the odds of hitting black on the first spin. You've already hit the black 9 times in a row, but those spins don't affect future outcome (unless you learn that the wheel is weighted...in which case you never remove your money...). I know that this probably isn't what you meant, but I'm just too much of a mathematician at heart (and i hate math too...).
[Bill and Ted's Excellent Adventure]"in closing...San Dimas High School Football Rules!!"[/Bill and Ted' Excellent Adventure]
07-26-2001, 03:48 AM
Actually I think the odds keep building on top of one another because it is really hard to win 10 times in a row and almost no one does it (So no Million dollars). But I see what your saying. It would also be like rolling the dice 10 times and trying to get straight 6's. Next to immpossible but your odds never change they just keep building on one another, so each time you roll(Or Spin) you are theoretically doubling your risk, Or at least that is how this was explained to me. But then again that teacher smokes Pot in his car before and after each period.
07-29-2001, 05:26 AM
The odds of hitting black the first time (1 in 2) are exactly the same as rolling black the tenth time (1 in 2); however, the odds of rolling black 10 times in a row are slightly longer (1 in 1024). So after your ninth roll, you will be wagering 512 times as much cash...but your odds are the same.
08-10-2001, 07:12 AM
For the people who dunno, it's their "legal" version of an pyramid scheme. Plain and Simple!
The stickers on your cars.....SUCK ASS!! That's a nasty looking logo and it's even funnier see it on a brand new BMW then on a 1989 nissan sentra parked
Last month, I saw a huge 2by2.net sticker on a, get this, BENTLEY!
08-10-2001, 08:29 AM
2by2.net's upperm-management is bling bling-ing from all the suckers who putting in the so-called investment
08-10-2001, 07:08 PM
I went to the Galaxy Mall presentation yesterday (to eat their free food) and ran into a 2x2 true believer. I gently suggested that there are not an infinite number of web users but he explained that there were and that was why he was going to be a billionaire.
Oh well... I tried.
08-12-2001, 05:52 AM
I know a few VERY successful people on 2x2. My roommate was actually good friends with one of the girls that got in at the beginning (and tried to get him in on it). Now she pushes a Ferrari 355. Sad thing is that the 2x2 upper management heavily pressures everyone to buy nice cars. Personally, with that kinda of money I'd save up. But anyway, she dropped out of UCLA and spends most of her time ripping people off.
The only reason 2x2 isn't an illegal pyramid scheme is because they technically sell a service. You buy a $200 website and then you sell 2 more $200 websites. The sites are crap and don't make any money in their own right.
I'm totally jealous of the money she makes, but I know she does it by ripping people off and nothing else. I couldn't live with that. There's just no way to convince her that one day people will just stop buying and she'll be broke and everyone at the bottom of the pyramid will be screwed as well. Oh well. At least she has a Ferrari.
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