News for hackers. Stuff that matters.
Re:Crypto’s hottest game is facing an economic maelstrom by golemotron on Friday November 26, 2021 @01:29PM (#29352703)
That isn't much difference. If there is a promise of payments for enrolling others, that is still a subsidy from later to earlier investors.
Re:Crypto’s hottest game is facing an economic maelstrom by jcfrei on Friday November 26, 2021 @01:55PM (#29352954)
So any SaaS startup that offers referral fees is now a pyramid scheme?
Re:Crypto’s hottest game is facing an economic maelstrom by DanHulton on Friday November 26, 2021 @02:21PM (#29353170)
If a SaaS provides services it doesn't fit the definition of a pyramid scheme, no.
Re:Crypto’s hottest game is facing an economic maelstrom by dvt on Friday November 26, 2021 @02:44PM (#29353388)
And Axie provides the service of "fun," no? I fail to see how there's any difference here.
Re:Crypto’s hottest game is facing an economic maelstrom by roywiggins on Friday November 26, 2021 @02:36PM (#29353302)
If you can earn referral fees for your referred people's referrals, then it starts to get into pyramid territory.
Re:Crypto’s hottest game is facing an economic maelstrom by IanCal on Friday November 26, 2021 @01:56PM (#29352961)
There's a big difference between "If you join, you can try to sign up others" and "Pay me $X and get a return of Y%".