Re:The DAO close to $100m in funding. Soon to be the largest...
by smitherfield on Sunday May 15, 2016 @01:18PM
(#11701752)
Sounds like a pyramid scheme.
Edit: For the interested, the distinction between a pyramid scheme and a Ponzi scheme is that a pyramid scheme is relatively more upfront about how it generates returns, and relies on the investors themselves to recruit new investors, not the fund manager.
Edit: For the interested, the distinction between a pyramid scheme and a Ponzi scheme is that a pyramid scheme is relatively more upfront about how it generates returns, and relies on the investors themselves to recruit new investors, not the fund manager.