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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. Tha
by 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 agoA pyramid scheme is a distributed, decentralized Ponzi scheme