A Ponzi scheme is where one guy pays his early entrants with later entrants money. A Pyramid scheme is where entrants pay money to earn the right to take money

A Ponzi scheme is where one guy pays his early entrants with later entrants money. A Pyramid scheme is where entrants pay money to earn the right to take money from later entrants which they attract. I agree, this course sounds like a _pyramid_ scheme. Sorry to bother you, but I'm a total pedant about this; everyone keeps explaining that the terms are used interchangeably by most people but I still think we oughta be specific in the type of scams we're calling out.