MLMs are pyramid schemes, not ponzis. For example bitcoin is a (somewhat decentralized, but centralized among major mining companies) pyramid scheme while Tethe

MLMs are pyramid schemes, not ponzis. For example bitcoin is a (somewhat decentralized, but centralized among major mining companies) pyramid scheme while Tether is a Ponzi. Both pyramid schemes and Ponzis are illegal. MLMs are illegal in many places. In the US they were successfully able to lobby their way into carving out a legal niche in the 80s. They are also the reason supplement safety is so loosely regulated in the US.