Disagree. I think it's almost an exact description. For the most part pyramid schemes have some sort of productive enterprise in there somewhere. Like Avon act

Disagree. I think it's almost an exact description. For the most part pyramid schemes have some sort of productive enterprise in there somewhere. Like Avon actually does send people makeup, LuLaRoe or whatever did actually send people leggings that were at least somewhat popular and useful as clothing. There's at least some actual business going on where a product or service is being delivered. Like at least some of the money going into the system is people who just want the leggings. There are a small handful of crypto projects that sort of fit that description but not really. For the most part all of the money that's going into the schemes is coming from people who want more money returned to them. A lot of time there's some kind of sheen of a "product" to try to make it look less scammy but there's nobody who actually wants to just consume that product. Literally everyone is hoping that at the end of their engagement with the system they'll have more actual money than when they started. That's the literal definition of a Ponzi scheme. There's no actual way for people to profit without getting the money from other people who themselves were hoping to profit.