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I don’t like to say “I knew it was coming” but I knew. I’ve written a post weeks before Agloco - Dead Already??? I was questioning how people could fall into the idea of getting rich by doing nothing. The real question to be asked was how did the big guys like John Chow got into this.

John Chowpublished Agloco’s mail to him telling that they can’t fund the operations anymore. It wasn’t a big surprise after-all. I was expecting better from them at least in admitting that they have failed. Agloco home page doesn’t show any signs of this catastrophe. An internet user can look at the page and still get the feeling that Agloco can make them rich. The ship has already sunk and captain (I guess we can consider John Chow as the captain of the ship regarding 29.668 people in his network)

I wonder when will the new super pyramid scheme idea emerge after this disaster and how many of those who believed Agloco will also believe in that brand new pyramid scheme?

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Do you still remember the name Agloco? They tried to gain success using the same old story, “Get rich by doing nothing”. I am turning my spider senses on if someone proposes me getting rich by doing nothing. In my opinion Agloco was another pyramid scheme and I didn’t think of signing up before I see a cheque signed by them. I don’t know how an expert like John Chow got into this (money tastes sweet) but I think that he lost his hopes also. John Chow’s Agloco Page have been updated at the beginning and mid of each month until July and no more updates since then. I don’t think that even he has the toolbar installed but he was relying on 21.000 referrals in his network.

 You have to study some human behaviours before getting in a project at this scale. Agloco managed to get huge number of users following their announcement. (1.000.000 sign ups as last statistics) The idea of earning money from referrals attends people. While each individual signs up and make other people sign up as referrals, those new users will also see that the way of earning money depends on earnings from referrals so they look out for referrals too, but there comes a time when the community is saturated and no more users are signing up as referrals. No more chains added. What happens next? The last ring of chain breaks-up because they aren’t making any money actually and the links get broken from bottom to top. What you get actually is the reverse chain reaction. Agloco could prevent that by distributing cash immediately and keeping the chains connected but they are promising income in a very far away future. You can’t expect people to be patient in such a system.

Everybody knows that systems based on pyramid schemes don’t last long. It only makes the links at the top rich. I guess that John Chow knew that and he tried his luck. If Agloco ever pays out money, John Chow will be the one getting it.

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