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Yes, this and Bitcoin both feel like pyramid schemes. There is a lot of initial investment from top-tier people who convince others to invest (by showing eye-p
by Crazyontap 5y ago
Yes, this and Bitcoin both feel like pyramid schemes.
There is a lot of initial investment from top-tier people who convince others to invest (by showing eye-popping returns) and drive more investment. Soon the people on the top-tier gradually cash out and eventually it's the common people who lost their hard-earned money.
- Lutzb 5y agoThe whole concept of wealth feels like a pyramid scheme. Your second paragraph could be applied to any non-crypto asset class. The only difference I can see is that crypto just made this scheme more obvious, unobfuscated then let's say the stock market with its different investor classes.