Chickencoins and Chickencoin Games Warning

Discussion in 'Virtual Money Scams' started by arrana, Jun 28, 2015.

  1. arrana

    arrana Samurai

    This scam is already winding down as more bitcoin users post about not being paid. Several websites are running this Chickencoin game where players “earn silver to buy bitcoin”. Players must sustain the chickens by selling the eggs to buy even more chicken feed or invest in more chickens. Any leftover income (if any) can be converted into bitcoin.Egg production and/or chicken feed consumption can also be timed in such a way as to give game owners the advantage.

    This is the same pyramid scam as the “Golden Cows” where players invest in bottled milk.

    As in pyramid scams, early investors are paid promptly to entice other investors to participate but eventually the pyramid collapses and no one gets any money .

    DO NOT UPLOAD ANY PERSONAL IDENTIFICATION DOCUMENTS IF REQUESTED BY ANY OF THE WEBSITES!!

    Here is a diagram on how the Chickencoins game is played. From: https://bitcointalk.org/index.php?topic=1082496.0


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