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It also not only plainly labels itself a Ponzi scheme, but explains that you'll only get a return if others invest after you.
by BlackDeath3 13y ago
It also not only plainly labels itself a Ponzi scheme, but explains that you'll only get a return if others invest after you.
- treekiller 13y agoIt could call itself multi-level marketing and be golden. You just need to resell something tangible, like TF2 hats.
- vidarh 13y agoPonzi/Pyramid schemes often are honest about this. What they are usually not honest about is the mathematical impossibility of it being possible for it to keep going very long. But some simply bet on people being greedy enough to take the chance that they are getting in early enough... As such I think it is good commentary on Bitcoin and cryptocoins in general - a lot of people do appear to enter expecting a pyramid, and just hoping to get theirs before it collapses.. The question is what proportion they make up.