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Bubbles are usually fueled by public manias (e.g. tulips or real estate). Pyramid schemes are planned frauds.
by alecco 16y ago
Bubbles are usually fueled by public manias (e.g. tulips or real estate). Pyramid schemes are planned frauds.
- bambax 16y agoOk, but both rest on the "greater fool" theory...
- alecco 16y agoYes
- rue 16y agoA pyramid scheme is a very specific type of fraud: starting with a very small group and adding tiers of people, using the entry fees (whatever the pretense) of the lower tiers to pay dividends to those in the higher tiers.