Just so i'm clear, to me, HYIP = any online program that either can't show how revenue is (legitmately) generated, or where the long term prospects for consistent returns are doubtful (which is why most forex sites are in that category also for example). Those who say they can't disclose because it would undermine their "business plan" are also largely talking BS, since it is always possible to give some meaningful indication, without blowing their big secret - which let's face it none of them have anyway.
The reason I don't really care about HYIPs anymore is because it is 99% BS. The reason I still look in from time to time is because it is still mildly interesting to see what is going on, and how things are changing. The reason for this thread is actually to do with a quote from Steven earlier in another thread, where he said something like, it is time people started working together more to stop the scammers and boycott obviously dud programs.
So I was thinking about this, and was wondering what others would have to say - what is reasonable for a HYIP (as defined above) to disclose before they become potenitally legit?
Or to put it a better way, what kind of industry standards would you employ if - (a) you had the chance and (b) you could enforce them - that programs of this nature would have to meet before being considered "ok"?
I'm really referring to the ones who want to make their presence known publicly (ie. they advertise to people online), rather than very excluive, private affairs.
I havent really seen it talked about - but a thought exercise in industry standards might be fun to discuss. The question is left deliberately open ended to let you choose how you would approach the problem.
