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A pyramid scheme works such that if the growth stops, the whole pyramid collapses. It is dependent on newcomers. With crypto, if anyone leaves or growth stops
by taysic 9y ago
A pyramid scheme works such that if the growth stops, the whole pyramid collapses. It is dependent on newcomers.
With crypto, if anyone leaves or growth stops the price simply goes down. It doesn't collapse. It's more like stock.
- abrichr 9y agoI haven't heard this perspective before. Can you elaborate? What if the exchange rate were 1 BTC to 0.0000001 USD, wouldn't that effectively be a collapse?