4 ms·

It's absolutely not. Go google the definition of a pyramid scheme

• moron4hire 4y ago
  Not a convincing argument.
  • eldenwrong 4y ago
    To engage in rational discourse one has to a at least put minimum effort in the topic
    • moron4hire 4y ago
      Same to you
    • giaour 4y ago
      Your original comment was just an assertion without analysis or argument. Was this exchange meant to be performance art?
      • eldenwrong 4y ago
        Because bitcoin is simply not a pyramid scheme. It has been argued wrongly for over 10 years. Why not read the definition of what pyramid scheme is first? It would clear all doubts, yet people love to parrot dumb headlines
        • deleted 4y ago
          [deleted]
        • tootie 4y ago
          You can argue semantics (I mean you're not really even trying) but the fact is that most pyramid schemes at least give some bottles of herbal supplements or crystals or something. Crypto is valued exactly as much as the rate that people keep buying it (minus a load of wasted electricity) and nothing else. It is literally illegal in the US to advertise investments on TV yet there has been an absolute bombardment of marketing trying to get as many average joes as possible to buy crypto to goose the price. Enticing unsophisticated investors with a promise of massive rewards coupled with badgering FOMO is the exact MO of pyramid schemes.
          • eldenwrong 4y ago
            Its literally not a pyramid scheme. You could call it a scam sure. A pyramid scheme means that you use money from new investors to pay previous investors. Thats not at all what happens with Bitcoin. Bitcoin just trades like a commodity... You can call it a bubble sure. But its simply not a pyramid scheme
            • tjader 4y ago
              > A pyramid scheme means that you use money from new investors to pay previous investors. That's a Ponzi scheme. A pyramid scheme is when you have to pay to your superiors and recruit subordinates, in a way that the main way of recouping your investment is by bringing more subordinates, so that it's only profitable to those in the first few levels of the pyramid.
              • moron4hire 4y ago
                A pyramid scheme is a distributed, decentralized Ponzi scheme
• giaour 4y ago
  I just did, and the first result was https://finance.yahoo.com/news/economist-bitcoin-is-a-pyramid-scheme-204217615.html https://finance.yahoo.com/news/economist-bitcoin-is-a-pyrami...
  • eldenwrong 4y ago
    Google the definition not a fucking opinion. Jesus whenever Bitcoin is brought up we get a horde of midwits