Posted on the other USI-Tech board: My brother is involved in...

Posted on the other USI-Tech board:

My brother is involved in USI-tech. Too much for my liking. He is not money smart and knows little to nothing as far as bitcoin or investment goes.

To the best of my understanding it goes like this:

USI-tech works by the user (you) purchasing "packs" through USI-tech platform, which are worth approx 50Euro per pack. However, to buy a pack the user must transfer the equivalent bitcoin from the users bitcoin wallet to the USI-tech platform. The user can buy as many "packs" as they have bitcoin. The packs are then entered into a 140 day scheme if you will which promises "returns on average of 1% per day" and sells that on completion of the 140 day scheme you would of earned 140% returns on your bitcoin investment. Thereby you are "generating" bitcoin out of bitcoin.

Not bad right? Sure sounds pretty good to me, here's the kicker, USI-tech then goes on to offer a "buy-back" scenario where the user can, instead of withdrawing their 1% earnings per day, use said earnings to buy further packs, thereby compounding their "earnings" for the life of the 140 day cycle and starting new cycles, but of course keeping their 'investment' churning through the USI scheme.


Here comes the pyramid: USI-tech rewards each user via commission for every new member that signs up via their unique user-link. So naturally, the success story filters down through friends, family members, work colleagues of how easy it is to get started and Hey just set 100% buy back and forget and watch the price of bitcoins soar!

So yea, like any investment, RISK = REWARD. If you're happy to throw away a few thousand in the hope of generating much much more then go ahead I guess.

Do I have money in USI-Tech? No.
Have I thought about it? Yes.