> A pyramid scheme means that you use money from new investors to pay previous investors.
That's a Ponzi scheme.
A pyramid scheme is when you have to pay to your superiors and recruit subordinates, in a way that the main way of recouping your investment is by bringing more subordinates, so that it's only profitable to those in the first few levels of the pyramid.
Re:The Bitcoin Investment Thesis Is Broken
by moron4hire on Friday May 27, 2022 @03:53PM
(#31534120)
A pyramid scheme is a distributed, decentralized Ponzi scheme
A pyramid scheme means that you use money from new investors to pay previous investors.
Thats not at all what happens with Bitcoin.
Bitcoin just trades like a commodity...
You can call it a bubble sure.
But its simply not a pyramid scheme