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A pyramid scheme requires somebody at the top making money from the people at the lower levels, which clearly isn't the case. Here's the use case for Bitcoin:
by alwillis 6y ago
A pyramid scheme requires somebody at the top making money from the people at the lower levels, which clearly isn't the case.
Here's the use case for Bitcoin:
"Bitcoin is a non-sovereign, hard-capped supply, global, immutable, decentralized digital store of value. It’s an insurance policy against monetary and fiscal policy irresponsibility from central banks and governments globally."—@Travis_Kling"
- randomopining 6y agoYeah, so the people that buy in first (the top) then begin to shill it so that other people buy in (the bottom) so the price goes up. Once it hits max hype, then the top people should exit and thus get the real value out (USD fiat to buy stuff with)... thus leaving the people who bought in at 20k or whatever with losses.
- alwillis 6y agoThe mantra of bitcoin is to HODL--hold on for dear life. It's not a pump and dump scheme. Besides, why would a highly regulated company like Mass Mutual (an insurance company) get involved with a pyramid scheme? Makes no sense. https://www.investopedia.com/decoding-insurance-giant-massmutuals-bitcoin-investment-5092586 https://www.investopedia.com/decoding-insurance-giant-massmu...