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That would be a Ponzi scheme. It would be a pyramid scheme if people were promised higher interest rates based on how many other people they recruit.
by kijin 6y ago
That would be a Ponzi scheme. It would be a pyramid scheme if people were promised higher interest rates based on how many other people they recruit.
- irjustin 6y agoAh crap you're right got my p schemes mixed up. Leaving error for posterity.
- luckylion 6y agoThey kind of were, weren't? As far as I understand, you'd get 1.5% minimum and you can raise it to 4% or 7% by bringing new people on board.
- Tuna-Fish 6y ago... how did it take this long to shut them down?
- l-lousy 6y agoGenuine question — when does a referral bonus (pretty standard) turn into a pyramid scheme
- konschubert 6y agoWhen it becomes perpetual and when it becomes the dominant benefit that people get from the service?