04/10/2011. Interview with the admin of BaseBucks

  Beware! PaidVerts and MyTrafficValue are both scams and are run by an experienced scammer who stole a lot of money from online investors! Do not invest in PaidVerts and MyTrafficValue scams!

Hi everyone! It’s a pretty busy week for me again on MNO with quite a lot of new programs to get through for you (and of course with more new programs comes more news stories) so I’m going to be posting two updates for you today. Later this evening I’ll have a full news round-up but first I have an interview with the admin of BaseBucks. There’s a bit more going on in this program than I myself am interested in as a monitor including a cycler which as far as I can see didn’t actually do anything with the money I deposited and a secondary website which has yet to be opened.

Other than that what I can tell you that BaseBucks as it is monitored on MNO is a long term HYIP that makes variable payments to your LibertyReserve for an undetermined term until such a time as the payments equal 200% of your initial deposit, which does not get returned. For further information you can see my original review of the program first published here. I have to say though I was a bit alarmed at the admin’s shockingly lax attitude towards site security and DDoS attacks as outlined in the interview below.

“1. Hi admin. Please introduce yourself to the readers of MNO blog and tell us a bit about yourself. Tell us about your personal involvement with this site and tell us about your previous experience with online investments.

Note from MNO: This question was returned unanswered.

2. BaseBucks ran in the past right?
a) Why did it fail the last time?
b) What did you do to compensate those who lost?
c)What are you doing differently this time? How do I know this version of BaseBucks isn’t going to be the complete and utter failure that the last one was?

BaseBucks was online for approximately 5months at the end of 2009, beginning of 2010. With 7000+ registered users at its peak.

a) BaseBucks didn’t fail.
We cashed out in full, every single member before closing down to rebuild the website. And amazingly enough, nearly 2years and and astonishing amount of money later, that rebuild is still on-going! Now under the brand of MyTrafficValue (We’ll talk more about that later).

b) Again, nobody lost. We simply liquidated all investments and cashed everybody out, allowing us to shut down, rebuild and re-structure.

c) Differently!
The original BaseBucks was an effort to resell a forex robot via a HYIP. However, it didn’t exactly live up to what it was hyped up to be, and our results were entirely mixed. Over the course of those 5-6months, we did little more than break even.

What BaseBucks did do, whilst going around in circles with the forex software, was stumble upon an ingenious concept and completely new business model: CREATING AND MONETIZING INVESTMENT TRAFFIC VALUE.

The basics of it are that when investors come together (at an investment website), they create a huge value just by being there. Money-News-Online is testament to that. As are YouTube, Facebook and Groupon for wider markets… Taking that idea forward, it then opens up various opportunities to monetize that value (that traffic) via ads, products, services etc… And then with our investment design, we then share those revenues back with users via returns on their investment.

BaseBucks began to explore some of these monetization options, in very basic forms, just adding them onto our existing website, and made some good money doing it. We began adding some simple games, on-site advertising, and so on. And these revenues went on to make quite a contribution to our bottom line, allowing us to cashout every user in a good profit, despite the limited success of the core investment software at the time.

So… Clearly the way forward was to scrap the forex element entirely. And re-design the system exclusively in the direction of traffic monetization. (And we have some incredibly refined systems, features and concepts coming there).

WHY BaseBucks?
MyTrafficValue is the real and underlying investment here. (And that will ready to launch hopefully before the end of this year).

What BaseBucks primarily does (or will do) is re-invest into the up-coming MyTrafficValue. With 65-75% of every investment into BB being allocated for the purpose of re-investing. (With the dividends from that, then returned to BaseBucks investors).

We have already accumulated and set-aside a re-investment fund in excess of $22,000. This is currently sitting dormant, but will be activated the instant MTV launches – and will undoubtedly send our results through the roof!

In addition to that core “re-investment” (currently dormant). BaseBucks also then uses some “crude” versions of the ‘time offset’ devices we have designed for the up-coming MyTrafficValue…
These are “ponzi-esq” systems that pass the buck from one user to another for maximum speed / attractiveness / return on investment. Whilst the core investment is happening in the background, at it’s own pace, to actually clear the ‘debt’ these time-offsets create. But because it’s all happening in the background, and you’re continually passing ownership of the maturing monetization assets and re-investment fund between one another. Each individual investor never has to wait very long.

Then with the design of the system as a whole, each investment leaves behind a legacy for the benefit of all future investments. Eg. The 65-75% of your investment that is added to our “re-investment fund”, remains long after you are fully repaid…. So this fund is continually growing, meanwhile the investments that formed it, are being paid back their stated returns, and removed from the system. Thereby, as time goes by, and more investments are repaid. There is ever more investment to repay ever less debt = faster!

And this then evens out the in-balance;
The time offsets make it attractive (a key requirement in generating the traffic value we require) but accumulate debt in the process. Meanwhile the system is designed to get ever stronger, to become ever more capable of paying this debt back.

(This is a hugely complex business model… we’ll talk more about it in the forum. It’s already been discussed at length, but when MTV comes, we’ll post some huge articles detailing the intricacies of everything involved here. And we’re also working on a video to really explain it all in a digestible format. It’s very clever though, and absolutely water tight. We’ve stress tested this system under all sorts of scenarios. And every single time it holds up. It is very robust).

Continuing on from the above;
BaseBucks is primarily a “re-investment”. We also have the basic “time-offset” devices (that allow us pay complete ROI even before the re-investment we’re investing into is online!). And finally, BaseBucks is also making very basic movements into monetizating its own traffic. (These are very much in their infancy right now, especially with our traffic being so small right now, but this is a sector we will be developing with time. (And once MTV is online, BB will benefit from some ‘hand-me-down’ code and features undoubtedly!).

3. What are the investment plans being offered by BaseBucks? How much does it cost to join and how do you determine how much gets paid out in interest payments each day?

Minimum Investment = $3.

The investment pays either 118% back before each Tuesday. (If you reach the top of the queue, and “cycle”). Or failing that, you will begin receiving frequent (daily) cash payments until you earn a total of 200% back.

Determining Interest Payments:
Ultimately, these are determined by the sum of our website revenues, the sum of “new investment contributions” and finally the dividends from our “Re-Investment Fund”.

(I post a little Profit&Loss report in the forum each day with each result, detailing the makeup of each days’ result revenues.)

However, at this particular moment in time, whilst we’re waiting for the launch of MTV, and for everything to kick into full gear. We’re operating on a more or less fixed repayment schedule, paying the equivalent of 1% per day. But this is only temporary. As MTV launches I hope to substantially improve upon our current performance.

4. What exactly is a cycler and how does it work? What are the benefits of participating? I made a deposit and the only thing that happened was the money ended up in the investment plan, so what was the point of it all in the first place? Because I could have done that myself if I wanted.

The cycler is our primary “time-offset” device for BaseBucks. With a bit of timing / strategy / good luck on behalf of the investor, they can deposit and be paid their complete return in a matter of minutes, even seconds!

Like any cycler, new investments are added to the bottom. And when your investment reaches the top of the queue, you are instantly repaid 118% of your investment back, as there are funds to do so. (The cycler requires 2 investments, or units of $3 in, for 1 to be fully paid out).

We have one “twist” with our cycler. And that is, if you invest $33 exactly. It will randomly re-organise the cycler queue. So you don’t necessarily have to wait for all of the investments above you to get paid before you get paid. You can invest, then make a second investment of exactly $33, to hopefully re-arrange the queue to your advantage (moving you closer to the top)! For faster repayment. And there’s no limit to the number of times you can “shuffle the queue”. Giving investors an element of strategy to be taken advantage of.

Then, unlike conventional cyclers that slow down and all the last people lose money, ours resets every week (every Tuesday)! And anybody who is pending payment (not cycled during the week). Gets automatically moved to our main Daily Program. Where they will begin receiving frequent cash payments until they earn a total of 200% back.

So you get all the benefits of a cycler (very fast payments!).
With the safety net of our core investment.

(And as stated on our homepage, each investment into the cycler is divided up between instant repayments, contributing to our “re-investment fund”, and also contributing to the immediate “daily results” in our daily plan. So it all links together beautifully!)

5. Why is LibertyReserve the only payment processor you accept Doesn’t that isolate a huge number of potential investors, particularly those from the US and Canada who don’t particularly like those options?

MyTrafficValue will be accepting every deposit method imaginable.
However, BaseBucks was devised to be quick and simple. Liberty Reserve is more than sufficient for the time being, and is also one of the few payment processors to enable us to perform CASH repayments, every single day!
As there is no members area for BaseBucks, we repay everything automatically and directly to your Liberty Reserve account; there’s no withdrawals to make! Very easy.
However we will likely be adding a members area to BaseBucks in the coming months. And with that there will very likely be additional payment processors.

6. How secure is the website of BaseBucks? Are you on a dedicated server? Who is your host? What kind of anti-DDoS protection do you have?

BaseBucks has a dedicated server. And our code is custom built. With some security redundancies; if you hack the system you can change some numbers on the screen. But you’ll never take any money, as that involves passing my daily oversight!

DDOS protection is un-necessary for BaseBucks. We’ve already had the hyip365.net attacks, and after a few days they got bored and moved on. We just continued business as normal as soon as the site returned. In the event that someone attacks us again, we’ll just go offline for a few days, and re-appear as soon as it’s done. It does not affect our underlying re-investment business.

As BaseBucks grows we’ll likely invest in more sturdy defenses. And MTV will be absolutely secure & protected. But for the moment, a few days of downtime is a non-issue. In the event the website is unavailable you can contact us via our facebook page; www.facebook.com/BaseBucks

7. Can we see any statistics regarding the site? How many members have joined since the beginning and how many are active at the moment? Are you pleased with the support from the members so far? How important a role do they play in bringing in new members?

Our system is completely transparent:

You can view all New, Active and Complete investments here:
http://www.BaseBucks.net/logs
Click on an individual investment to view it’s individual repayments and corresponding batch numbers.

Additionally you can view all our results here;
http://www.BaseBucks.net/results
(Click on each days result to view every single payment + batch number, sent that day. We’re presently paying 550+ LR payments per day. Take a look!)

And for our cycler, you can view a history of each weekly “round” here: http://BaseBucks.net/cycler/history

BaseBucks offers a 5% referral program. But it is not necessary for your repayments. New members joining our system does speed things up, especially with regards to the cycler, but our underlying revenues and re-investment fund will get you paid regardless.

8. How can members contact you if they have any questions or support related issues?

Email: jo@BaseBucks.net
Forum: http://www.BaseBucks.net/forum
Facebook: http://www.facebook.com/BaseBucks

9. How have you been promoting the program so far? What advertising strategy have you been using? How are you getting new members to join?

BaseBucks isn’t pursuing much marketing right now. It’s pretty much waiting for MTV to launch first! We are listed at a few monitors to get some payment history under our belt. But beyond that, nothing is required just yet.
This is very early in the business plan. No rush ;)

10. What exactly are you doing with investors money? How are you investing it and how are you generating the profits being made to members?

As stated the core process here is a re-investment. In addition to that we have the time-offsets; our homepage details the breakdown of each new investment;
75% set aside for our re-investment fund. 10% contributes towards the next “daily” result.
5% contributes to the next days’ result. 5% for admin + LR fees.
5% for referrals.

And for cycler deposits;
59% is used to instantly repay those at the top of the queue.
32.5% is set aside for the re-investment fund. (x2 = 65%)
5% contributes towards the next “daily” result.
3.5% for admin + LR fees.

11. Tell us about the development of your other website MyTrafficValue, and particularly how it relates to BaseBucks members. How does it affect my existing investment, if at all?

I’ve already answered much of this question above.

However, MyTrafficValue is coming along nicely. We have just purchased an office in central Malaga; (Avda. Manuel Agustín Heredia 4-1, Malaga, Spain). And have two full time programmers developing that website as we speak.
Next on the list of things to do is to find a full time designer, to present all the ‘functionality’ in an attractive and intuitive form, and later help us with the graphics for our upcoming features and games.

I anticipate at least another 8 weeks for us to approach a launchable state. But i’m confident that we’ll have the initial platform online before Christmas.

And regarding how this affects BaseBucks;
Quite simply, when MTV launches, it will activate the currently dormant $22,000+ re-investment fund we have so far accumulated.
The dividends from that will be added to our basic “time offset” devices, that are currently sustaining a bare minimum rate 1% rate of return. And subsequently send our results through the roof!

BaseBucks is currently at its weakest point. The system is designed to improve with time (as investments are repaid and removed from the system, whilst their re-investment contributions remain)… And the launch of MTV will be the trigger for that ‘progression’.

12. Some links are beginning to circulate on the main investment forums linking you (specifically MyTrafficValue) with a number of short lived scams that were run by one particularly dislikable ponzi admin that stole a lot of money from people. In fact he described MyTrafficValue as “his” website as you can see here http://www.facebook.com/richyinvest So what is the connection?

This link doesn’t appear to show anything?
But over the years, we’ve encountered a few accusations of various bits and bobs, especially pertaining to some of the paid ads that have appeared on our site. But that’s to be expected in this unscrupulous online environment I suppose. With the launch of MTV, I would like to invite investors to come and visit us. I’ve already posted the address of the office above. And with the launch of MTV, you will not only see the most transparent investment in the history of all investments. With every single thing pertaining to your ROI being on full display, with completely open accounting and a more than thorough business model. But additionally, via our office of busy programmers, you’ll be able to see (like a factory) exactly what you’re investing into. And get a preview of some upcoming features we’re working on to add to MyTrafficValue. (The revenues from which form yet another ‘revenue stream’ that ultimately pays your ROI)… And when you come to read the full business model. There is absolutely no doubt that this not only makes sense, but is being done – because you can see every element of it on your screens. It’s all physical and visual! The development of a huge huge website. I don’t anticipate any doubt in investors’ minds of the upcoming legitimacy of MyTrafficValue. It’s nothing like any hyip you’ve ever seen. I am very confident about that.

Note from MNO: Actually the link did show something, however it was “mysteriously” removed after I asked this question. Thankfully one of the more astute MNO readers had the foresight to see this coming and made a record of how the original website appeared. You can download it here:
http://depositfiles.com/files/4mx75dyk6
and see the difference. Personally I’ve long been aware that most admins run multiple websites while rarely if ever admitting to it. However as it’s your money we’re talking about here and nobody else’s it’s up to you to decide what you think of this and act accordingly. This particular ponzi admin threatened me with legal action for hurting his feelings. I’m still waiting to hear from his lawyers, lol! Though it didn’t stop him from scamming his members. Any connection is up to you to decide.

13. And finally what are your plans for the future of BaseBucks? How do you plan to improve it?

BaseBucks itself doesn’t have many plans. It’s a simple “process” that is designed to improve with turnover and time. We will likely add a members area, some additional deposit methods in the coming months. But nothing more than that. It will just keep repeating the same routine over and over again. The cycler has already reset 16x… it works! And will get better as it gets more users, and the re-investment fund comes online to speed up our “Daily” plan. The development and future is with MTV. BaseBucks is designed to be a no-effort cash-cow that will ride MTV’s success.”

That’s it for the moment guys. Good luck to the existing members of BaseBucks in earning a profit from it and make sure to check back with MNO in a couple of hours when I’ll have a full round-up of all the day’s main news stories as well as a closer look at one of the newest additions to my monitoring page. To see which one you’ll need to come back later, so see you all then!