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Because it's a pyramid scheme that is powered by hype. It just so happens that the exponential requirements for the number of participants has grown to the poin
by rhizome 5y ago
Because it's a pyramid scheme that is powered by hype. It just so happens that the exponential requirements for the number of participants has grown to the point where you'll start to see ppl talking about it more and more and in everyday conversations.
- aliswe 5y agoare you sure the word pyramid scheme is actually accurate?
- FranksTV 5y agoYes because the only way anyone makes money is buy getting more people to buy bitcoin.
- Ekaros 5y agoProbably not, just like it isn't ponzi. Bubble and mania are entirely reasonable terms though. Considering how much value comes from utility and how much from speculation and wish to make easy money... Seeing some tokens popping up going up in value and then coming down. While seemingly not providing anything real yet. Not that there isn't small cases for remittance and illegal things.