Check this
LINK 1 - Josh Paiva
http://www.joshpaiva.com/usi-tech/
Points of interest
USI is claiming they will be able to show proof they are moving over 1% of total BTC on the blockchain
*USI tech has recently been showing some proof of mining and crypto cloud mining contracts and their peta-hash rates.
*That MLM's in the space usually get labelled as scams but are not necessarily
No actual links to proof of trading history or mining operations . Seems positive about the probability of success and to have a nothing ventured nothing gained sort of attitude.
Link 2
https://www.reddit.com/r/Scams/comments/78zhj2/usi_tech/
objections
*very very very very very often the actual money making mechanism is the recruitment of new members and their subsequent purchase investments
*for me, the magic is in bitcoin. not a robot that trades bitcoin. not a robot that trades in fiat markets.
Yes but not a forgone conclusion. Robots and AI cant a be dismissed lightly these days
+'s
"He reassured me that they were well known in Dubai, and their AI software was very good,"
*" trading and mining technologies make them a big player in this space, and they'll only get better and more well known."
Maybe he knows someone in usi and this is true
Possible fact? and an opinion
One of my friends is involved in USI Tech, and the rates they are promising work out to be over 600% compounding return per year once you adjust for their commission payouts, and even more potentially considering they probably take some % as fees.
They are absolutely a Ponzi scheme, no way can they pull off rates like that. I'm not saying you will lose money, but your gain is someone else being scammed.
With 1% gains every day and payouts on the referral commisions? 1% gains will double money every 70 days and 5 .2 times in a year.. I'm surpised the figure isnt higher than 600% if they referred a lot of people
If the referral commission is 10% then usi robots must be making over 1.1% .
Its an average of 1% but could be .8 or 1.2 they say but the robot would have to make more so they would have to make some adjustments if it didnt . ie 1.5% gain minus 1% minus the 10-15% referral commission which would be factored in as about 1.1-1.15% I'm guessing .
- Someone said ROI only .75 and felt they would lose money if it dropped below .7. Why ? they still get the bitcoin back after the time is up with whatever the percentage gain is right?
Link Check 3
https://www.reddit.com/r/Bitcoin/comments/6hh7ih/if_anyone_has_heard_of_usi_tech_i_need_more/
*they are actually a legitimate company. I know the owners, they've been around for years in the trading industry
another link provided...
http://ethanvanderbuilt.com/2017/07/19/usi-tech-scam-yes-opinion/
this link names two of the founders and names a lit of scams they have done before.
*The founders of USI-Tech are Jao Severino and Ralf Gold.
- Can a leopard change its stripes question.
Next Link
*Crypto
Mentions USI TECH at 2:48 .
"what do you think about this usi tech thing people are talking about
I dont think its good either just because it pays out in bitcoinand not USD
doesnt make it any better to me
maybe slightly better but thats
its still to me just a pyramid scheme where you have to have people using referral links under you
in order to get your profit so I'm not a big fan of it as many aha the more rational people out here in the space
are saying Andreas Antonopoulis, ken bouzak for sure, I've never been a big fan of it
but all the power to you if you've done well by it I've got nothing against you or what you've done
thats why I'm hear is to hear what you've found as honest not like heres my referral link but honestly what your experiences were. we can all learn from each other but yeah spread the good word out the good cryptos talk about how ethereum...."
Crypto's all about crypto .