 |
|
|
|
 |
|
 |
 |
DigiNut
You kids get off my lawn!

Registered: Dec 2002
Location: Toronto, Self-proclaimed Centre of the Universe
|
|
|
Typically, banks pay under 1.8% interest:
$10 * (1.018 ^ 500) ~ $75,000 (slightly under)
This is billions... how? Someone didn't pass economics. Sure, I wouldn't mind $75k right now, but in 500 years that'll be worthless.
That's not taking into account the more subtle question of time travel: if it were truly possible to travel from OUR future to OUR present, then it would already have happened, and the fact that we haven't seen any time travellers means either (a) time travel will never be possible in a linear sense - i.e. maybe we'll be able to travel to "a" past but not "our" past, or (b) time travellers have some rule preventing them from screwing around with the past, which means you'll never get to see that money anyway.
Bottom line here is, well, the bottom line. Creator of site wants to make money, and has decided to scam gullible people who don't intuitively understand economics.
Besides, think about it, if the person who came up with this idea seriously intended to pay people back in 500 years, he surely would have mentioned something about taking a cut of your future "billions" (thousands), otherwise what would be in it for him? The simplest answer is usually the best: scam.
|
|
Jan-12-2003 00:09
|
|
|
 |
 |
Alccode
teksetter!
Registered: Apr 2002
Location: toronto
|
|
|
Re: www.timetravelfund.com
| quote: | Originally posted by Durafei
www.timetravelfund.com
This is probably a scam, but the idea sounds great! You invest $10 now, they put it in the bank and 500 years from now when/if it will be possible to travel in time, you will be transferred from our time to the future. During 500 years your 10$ will become billions(due to interest) and you'll live happily ever after.
What do you guys think? |
this is one of the stupidest scams i've seen. one has to be incredibly stupid to fall for this crap.
lmfao.
|
|
Jan-12-2003 00:36
|
|
|
 |
 |
Durafei
the crazy russian

Registered: Oct 2000
Location: San Francisco, California
|
|
|
| quote: |
Typically, banks pay under 1.8% interest:
$10 * (1.018 ^ 500) ~ $75,000 (slightly under)
This is billions... how? Someone didn't pass economics. Sure, I wouldn't mind $75k right now, but in 500 years that'll be worthless.
|
Banks pay that kind of interest if you only put in small sums of money.. but if that company has say 10,000 customers, that's already 100K, so they put in GICs which produce larger interest.. say 3-4%.. that will affect your savings tremendously !
Don't get me wrong, I don't believe this scam for a minute, I'm just admiring the creator of that website.. The idea is brilliant !
___________________
My Blog: durafei.blogspot.com - Last Update March 23, 2006
|
|
Jan-12-2003 03:27
|
|
|
 |
 |
|
 |
All times are GMT. The time now is 16:45.
Forum Rules:
You may not post new threads
You may not post replies
You may not edit your posts
|
HTML code is ON
vB code is ON
[IMG] code is ON
|
|
|
|
|
|
Contact Us - return to tranceaddict
Powered by: Trance Music & vBulletin Forums
Copyright ©2000-2026, Jelsoft Enterprises Ltd.
Privacy Statement / DMCA
|