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> can probably yield enough profit from spillover hype for investors to make their investments back. The correct term for this is “pyramid scheme”.
by ninkendo 4y ago
> can probably yield enough profit from spillover hype for investors to make their investments back.
The correct term for this is “pyramid scheme”.
- naillo 4y agoNope
- mc32 4y agoNo, this is more "everyone is selling X, let's get in the business of X". On the other hand, yes, some will miss the boat and lose money.
- ninkendo 4y agoI interpreted “spillover hype” as meaning “more investors coming in in future rounds” (ie pyramid scheme), but it’s possible that’s not what the commenter intended. But if early investors only profit due to late investors pouring money in, that’s by definition a pyramid scheme.