to be honest it is rather surprising that he made it this far. kudos to that?
I remember the offerings of his lifetime deals even mentioned, that he needed the money for whatever private investments.
so it was totally clear from the beginning that it was some kind of way into a cheap loan, but in the long run would have to be backed by otherwise earned money.
would be interesting to recalculate what was earned with the one time sales vs what had to be spent over the years. could well be that this wasn't a cheap loan after all...
@Falzo said:
to be honest it is rather surprising that he made it this far. kudos to that?
I remember the offerings of his lifetime deals even mentioned, that he needed the money for whatever private investments.
so it was totally clear from the beginning that it was some kind of way into a cheap loan, but in the long run would have to be backed by otherwise earned money.
would be interesting to recalculate what was earned with the one time sales vs what had to be spent over the years. could well be that this wasn't a cheap loan after all...
I run completely free web hosting for 4 years now. And myw run paid operation. It is completely iresponsible for him to offer lifetime plans without having a plan to exit cleanly if shit hits the fan.
To MyW lifetime/shared users: Dragon Web Host is offering £1/year shared hosting refugee offer. Even if its just a temporary measure before you find another solution.
5 GB NVMe Space
Unmetered Bandwidth
Unlimited Email Accounts
Unlimited SQL Databases
Caching with LSCache
JetBackup Backup Manager
PHP Selector - PHP 8, 7, 5.6
Host up to 1 Website
LiteSpeed Webserver
Softaculous Auto Installer
DirectAdmin Control Panel
Available in UK and Europe https://clients.dragonwebhost.com/order/config/index/web-hosting/?group_id=2&pricing_id=8
Use code MYW to make it £1/year. You will be asked/expected to show an invoice as proof of your previous deal. If you do not provide this, your price will revert to normal.
If you have more than one domain, I will increase your limit.
If you have a domain with MyW, transfer it immediately. If you would like to transfer it to Dragon Web Host, check our last thread for discount pricing.
@Falzo said:
it was totally clear from the beginning that it was some kind of way into a cheap loan
could well be that this wasn't a cheap loan after all...
This wasn't a cheap loan.
It's an exit scam.
Yah, I don't think he got money out of it. He used it so subsidise setting op regular servers. But the fact that he kept coming back with the liftimes made clear there was no business model.
Still, I think Mike's good people. But everyone knew lifetime was for just a few years. Some people got 5 years out of it for 10 Euros. Pretty good value.
What did people expect from "lifetime" hosting? As If the scam wasn't obvious enough.
A month without other income source was enough to sink the ship, its not how a healthy business operates.
Ponzi scheme of hosting. Can't feel bad for anyone who lost money on this.
To top it all off, this shady operation was run by a staff member of OGF.
They need more customers, or rather, investors to continue operating and pay for bills caused by previous customers. No clear business model, just shitting whatever and seeing if it sticks.
This is not good news, however for those affected by the shutdown please contact us, we will offer you reasonable deals or agreements to keep your resources. We will soon launch new Cloud instance servers to provide better load management.
@treesmokah said:
What did people expect from "lifetime" hosting? As If the scam wasn't obvious enough.
A month without other income source was enough to sink the ship, its not how a healthy business operates.
There's no scam. And I surely hope no one lost any money over it. It was just a risky business. If anything Mike cheated on himself. He was trying to run regular, monthly services. But anyone involved in one of the forums knew he was always going to come back with lifetimes.
But to be fair here: if someone did, it was because they did not know what they signed up for.
I'm sure most people that did use his lifetime deal knew this was ending sooner or later. It's a gamble. Might run 5 months, might run 5 years.
@c1vhosting said:
This is not good news, however for those affected by the shutdown please contact us, we will offer you reasonable deals or agreements to keep your resources. We will soon launch new Cloud instance servers to provide better load management.
and you also invested a lot of money in new hardware, right?
@c1vhosting said:
This is not good news, however for those affected by the shutdown please contact us, we will offer you reasonable deals or agreements to keep your resources. We will soon launch new Cloud instance servers to provide better load management.
and you also invested a lot of money in new hardware, right?
@debaser said: There's no scam. And I surely hope no one lost any money over it.
I have seen people on OGF complaining that they used the service for a few months(purchased this year) and lost hundreds.
Did he promise them they can use it for longer? No, so I see no scam here. He said they can use it for the lifetime of the legal entity and that's what they were delivered. It might have been an expensive purchase and sometimes you realize late that it was expensive but everything promised has been delivered.
This is the last thing I want to hear when purchasing anything.
That's what bdd is for. If you don't do this it's usually gambling or trusting unwritten promises. This usually goes well and sometimes it doesn't like here if you came late to the party.
@debaser said: There's no scam. And I surely hope no one lost any money over it.
I have seen people on OGF complaining that they used the service for a few months(purchased this year) and lost hundreds.
Did he promise them they can use it for longer? No, so I see no scam here. He said they can use it for the lifetime of the legal entity and that's what they were delivered. It might have been an expensive purchase and sometimes you realize late that it was expensive but everything promised has been delivered.
Basically this. And yes, there's always a risk that you lose money in low end world. The risker is getting smaller by the year, but the risk is still there.
I used MYW too. Not for important sites of course. But yeah, had to move some things today. It's no fun, but I got a good 2 years out of that 10 EUR. Just remember to backup (and in this case, there even is time to fix it if you don't have backups.
@treesmokah said: To top it all off, this shady operation was run by a staff member of OGF.
Can't help yourself?
Get over it. I mean the staff and all that. He was one of us, a part of the community long before he became a moderator. Or started to run hosting company. I remember him hanging out in the #xenvz and #frantech IRC channels almost 15 years ago.
It’s not like those people are paid or anything to moderate community and there's not competition among forums. Besides that LET was more than just J. Bilbo.
I agree with you regarding lifetime offers, though. It's always gambling how many years one will get out of it as those things rarely end well.
@c1vhosting said:
This is not good news, however for those affected by the shutdown please contact us, we will offer you reasonable deals or agreements to keep your resources. We will soon launch new Cloud instance servers to provide better load management.
and you also invested a lot of money in new hardware, right?
@c1vhosting said:
This is not good news, however for those affected by the shutdown please contact us, we will offer you reasonable deals or agreements to keep your resources. We will soon launch new Cloud instance servers to provide better load management.
MyW hosting plans were not used just for idling. Migrating to C1V might not help anyone, not even you.
This is scam, I feel angry, I don't know who that MikeTyson is, but he's running with his client's money, and he should be punished.
How about people who just bought the lifetime yesterday?
@selalumenang said:
This is scam, I feel angry, I don't know who that MikeTyson is, but he's running with his client's money, and he should be punished.
How about people who just bought the lifetime yesterday?
They have been delivered their lifetime plan and the lifetime is over. Short but sweet life. Don't make wrong accusions here, that's no scam, the delivery man has dropped the package. You may regret the expensive purchase afterwards, but that doesn't make it a scam. (lifetime plan is a market term for one-time payment sales)
I don't know MikePT and never used his services, so I'm looking at this from an outside perspective. But, I have seen his posts over the years in the OGF and haven't heard of any issues that I know of.
So let's put this into perspective. It seems he had good intentions in running the business. It didn't work out. But, I don't see it as a scam. Is he being punished? It seems he self punished himself financially (paid for a month out of pocket while low on personal funds) and seems to be publicly punishing himself. So, if that's not enough for you and you want to pile on, I guess it's your prerogative. But, how much did you really lose? I've had some lifetime deals many years ago and I was annoyed when it shut down, but at the end it was an isolated event and I stopped doing lifetime deals because of it. The way I see lifetime deals is that it's the lifetime of the entity - until it's sold or shuts down or infrastructure goes away (looking at you crypto).
Following the topic in that other forum, it seems the servers will not be shutdown straight away as "jar" claims to have paid several of the outstanding bills. So at least it seems there is a little less hurry to migrate.
What will happen and/or when things will stop working nobody knows, but I believe this is worth relaying here.
@Groentjuh said: Following the topic in that other forum, it seems the servers will not be shutdown straight away as "jar" claims to have paid several of the outstanding bills. So at least it seems there is a little less hurry to migrate.
This is wild seeing just a few posts ago people were talking about MXRoute going under lol
Comments
Copy pasting here,
I feel bad for suggesting myt to a friend 2 years ago and he bought an expensive package of €80.
@MikePT
I also recommended MyW to a friend and now I regret it.
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Aww, that's a shame. Hate to see it happen to a decent guy like MikePT, but life can throw curve balls at anyone in the end...
Post deals!
to be honest it is rather surprising that he made it this far. kudos to that?
I remember the offerings of his lifetime deals even mentioned, that he needed the money for whatever private investments.
so it was totally clear from the beginning that it was some kind of way into a cheap loan, but in the long run would have to be backed by otherwise earned money.
would be interesting to recalculate what was earned with the one time sales vs what had to be spent over the years. could well be that this wasn't a cheap loan after all...
it definitely sucks to be in this situation especially those who have had it for less than 5 years.
luckily some top notch providers are bailing the services out and customers can still have some more time before the eventual closure.
I bench YABS 24/7/365 unless it's a leap year.
Services are still up but not sure for how long so make pre-emptive backups now
sadage
To bad... My 'lifetime' lasted 3 years. Probably could have had what I used for less, but the gamble did not pay out this time.
Time to migrate ~10GB (actual) of 300GB (max) worth of data.
@MikePT, all the best for you. I had nothing to complain about your service!
yep, its hurts to see MikePT go. I only wish him the best and finding a job soon.
I run completely free web hosting for 4 years now. And myw run paid operation. It is completely iresponsible for him to offer lifetime plans without having a plan to exit cleanly if shit hits the fan.
very sad
I am confident MIKE will post an official statement here also, most probably he has he's hands full for the moment .
Host-C | Storage by Design | AS211462
“If it can’t guarantee behavior under load, it doesn’t belong in production.”
This wasn't a cheap loan.
It's an exit scam.
We accept Karma donations for the last flan. 🍮 affbrr
To MyW lifetime/shared users: Dragon Web Host is offering £1/year shared hosting refugee offer. Even if its just a temporary measure before you find another solution.
5 GB NVMe Space
Unmetered Bandwidth
Unlimited Email Accounts
Unlimited SQL Databases
Caching with LSCache
JetBackup Backup Manager
PHP Selector - PHP 8, 7, 5.6
Host up to 1 Website
LiteSpeed Webserver
Softaculous Auto Installer
DirectAdmin Control Panel
Available in UK and Europe
https://clients.dragonwebhost.com/order/config/index/web-hosting/?group_id=2&pricing_id=8
Use code MYW to make it £1/year. You will be asked/expected to show an invoice as proof of your previous deal. If you do not provide this, your price will revert to normal.
If you have more than one domain, I will increase your limit.
If you have a domain with MyW, transfer it immediately. If you would like to transfer it to Dragon Web Host, check our last thread for discount pricing.
Michael from DragonWebHost & OnePoundEmail
&
I don't have friends and I feel better now!
So €9 for 5 years, not that bad.
I knew his business model but It's okay, worth the money.
https://microlxc.net/
We knew this would end like this.
Who's next? You @visualwebtechno ?
UpCloud free $25 through this aff link - Akamai, DigitalOcean and Vultr alternative, multiple location, IPv6.
Who else is selling lifetime plans?
Hint:
300 outbound per hour
We accept Karma donations for the last flan. 🍮 affbrr
Haha, already stopped using them.
UpCloud free $25 through this aff link - Akamai, DigitalOcean and Vultr alternative, multiple location, IPv6.
Mike seemed like a nice guy. I should have been more concerned when I saw his last name was Madoff.
CloudBlast?
That's mXR0ut3
食之无味 弃之可惜 - Too arduous to relish, too wasteful to discard.
Yah, I don't think he got money out of it. He used it so subsidise setting op regular servers. But the fact that he kept coming back with the liftimes made clear there was no business model.
Still, I think Mike's good people. But everyone knew lifetime was for just a few years. Some people got 5 years out of it for 10 Euros. Pretty good value.
What did people expect from "lifetime" hosting? As If the scam wasn't obvious enough.
A month without other income source was enough to sink the ship, its not how a healthy business operates.
Ponzi scheme of hosting. Can't feel bad for anyone who lost money on this.
To top it all off, this shady operation was run by a staff member of OGF.
Why is this a scam in your opinion? AFAIK their ToS limited lifetime to the one of the legal entity and that's exactly what's happening now.
They need more customers, or rather, investors to continue operating and pay for bills caused by previous customers. No clear business model, just shitting whatever and seeing if it sticks.
This is not good news, however for those affected by the shutdown please contact us, we will offer you reasonable deals or agreements to keep your resources. We will soon launch new Cloud instance servers to provide better load management.
LumanexAI: Our in-house AI model for free 🚀
There's no scam. And I surely hope no one lost any money over it. It was just a risky business. If anything Mike cheated on himself. He was trying to run regular, monthly services. But anyone involved in one of the forums knew he was always going to come back with lifetimes.
But to be fair here: if someone did, it was because they did not know what they signed up for.
I'm sure most people that did use his lifetime deal knew this was ending sooner or later. It's a gamble. Might run 5 months, might run 5 years.
I have seen people on OGF complaining that they used the service for a few months(purchased this year) and lost hundreds.
This is the last thing I want to hear when purchasing anything.
I'm honestly baffled that people think MXRoute will go under so.
and you also invested a lot of money in new hardware, right?
Of course
LumanexAI: Our in-house AI model for free 🚀
Did he promise them they can use it for longer? No, so I see no scam here. He said they can use it for the lifetime of the legal entity and that's what they were delivered. It might have been an expensive purchase and sometimes you realize late that it was expensive but everything promised has been delivered.
That's what bdd is for. If you don't do this it's usually gambling or trusting unwritten promises. This usually goes well and sometimes it doesn't like here if you came late to the party.
Basically this. And yes, there's always a risk that you lose money in low end world. The risker is getting smaller by the year, but the risk is still there.
I used MYW too. Not for important sites of course. But yeah, had to move some things today. It's no fun, but I got a good 2 years out of that 10 EUR. Just remember to backup (and in this case, there even is time to fix it if you don't have backups.
Can't help yourself?
Get over it. I mean the staff and all that. He was one of us, a part of the community long before he became a moderator. Or started to run hosting company. I remember him hanging out in the #xenvz and #frantech IRC channels almost 15 years ago.
It’s not like those people are paid or anything to moderate community and there's not competition among forums. Besides that LET was more than just J. Bilbo.
I agree with you regarding lifetime offers, though. It's always gambling how many years one will get out of it as those things rarely end well.
good, we won't buy again from you
MyW hosting plans were not used just for idling. Migrating to C1V might not help anyone, not even you.
Cloudcone | Crunchbits | Dartnode | Dedirock | Georgedatacenter | Gigahost | Hostbilby | Host-c | Hostdzire | Hostsailor | Namecrane | Nuyek | Realtoxmedia | Servarica | Terabit | Tnahosting | Virmach
Very sad, time to migrate my hobby website.
This is scam, I feel angry, I don't know who that MikeTyson is, but he's running with his client's money, and he should be punished.
How about people who just bought the lifetime yesterday?
Lifetime is always bad, now we know who's next
They have been delivered their lifetime plan and the lifetime is over. Short but sweet life. Don't make wrong accusions here, that's no scam, the delivery man has dropped the package. You may regret the expensive purchase afterwards, but that doesn't make it a scam. (lifetime plan is a market term for one-time payment sales)
Offering lifetime and then 4 months later closing down, that's an obvious exit scam.
What is MyW?
I don't know MikePT and never used his services, so I'm looking at this from an outside perspective. But, I have seen his posts over the years in the OGF and haven't heard of any issues that I know of.
So let's put this into perspective. It seems he had good intentions in running the business. It didn't work out. But, I don't see it as a scam. Is he being punished? It seems he self punished himself financially (paid for a month out of pocket while low on personal funds) and seems to be publicly punishing himself. So, if that's not enough for you and you want to pile on, I guess it's your prerogative. But, how much did you really lose? I've had some lifetime deals many years ago and I was annoyed when it shut down, but at the end it was an isolated event and I stopped doing lifetime deals because of it. The way I see lifetime deals is that it's the lifetime of the entity - until it's sold or shuts down or infrastructure goes away (looking at you crypto).
Following the topic in that other forum, it seems the servers will not be shutdown straight away as "jar" claims to have paid several of the outstanding bills. So at least it seems there is a little less hurry to migrate.
What will happen and/or when things will stop working nobody knows, but I believe this is worth relaying here.
That was a red flag for me from the beginning. That's why I didn't buy it.
This is wild seeing just a few posts ago people were talking about MXRoute going under lol