Is bux.to a scam?

I read a post yesterday on TechCrunch, which called bux.to a scam. Their source for the news is a Twitter update from Chris Pirillo, who has claimed that he has not been paid over $3000 till date.

I am not the right person to say if bux.to is indeed a scam or not. All, I’ll do is mention a few points based on the TechCrunch post:

1. TechCrunch called bux.to a “Pyramid Scheme” . This is completely inaccurate. You get paid for only one level of referrals. Not more than that. This does not make bux.to a pyramid scheme where those at the “top”, make all the money. Its another story that pyramid schemes are not sustainable.
2. I don’t know if Chris has a standard or a premium account. I say this because, bux.to typically pays after 60 days for standard accounts and after 30 days for premium accounts. Based on his Twitter post, I guess he has a premium account, but I am not sure of that.
3. To call bux.to a fraud based one just one Twitter post, might be too harsh in my opinion.

Well, I am a little biased towards bux.to, because I too have a lot of money yet to be encashed from them! A lot of readers from Online Presence signed up under my account, and I have been averaging a minimum of $20/day to highs of over $35/day on some occasions. You can imagine, that that is quite a bit of money every month.

I’m hoping against hope, that TechCrunch is not right this time! ;-)