Today the Internet has become a better place because AGLOCO is dead! It was a bad idea from the very beginning and really nothing more than a pyramid scheme. People kept saying it does not cost you anything so why not try it? Well how many hours did those people invest into a scheme that paid them absolutely nothing! They could have spent all that time building a blog that talked about something they care about and could still be making money. I was surprised the great John Chow talked about it since he was their biggest supporter. So what is John Chow’s AGLOCO referral stats worth? Well let’s see 29668 members times by a big 0 is ABSOLUTLY NOTHING! I can’t help but laugh.
Here is their email if you want to read it:
We would like to update you on the status of AGLOCO’s operations. We continue to believe in the AGLOCO concept, but our revenue is currently not sufficient to give Members a meaningful distribution. And though there are increases in membership, the resulting revenue is not enough to support operating costs. As a development team we are unable to continue to use our savings to fund the operations. If any Member would like to pursue continuing the operations of AGLOCO, you may contact us at [email protected].
We would like to thank every Member for supporting our effort to bring a piece of the Internet directly to the user. We hope that we can find a way to keep the operations going.
AGLOCO Development Team
Well now that one part of the Internet is a better place I can go and get my second cup of coffee and get to some real work that will make me a living.