What is the difference between a cryptocurrency and a pyramid scheme?

what is the difference between a cryptocurrency and a pyramid scheme?

Other urls found in this thread:

pastebin.com/ZUxTmR99
youtube.com/watch?v=C6ju2-IjWhs
twitter.com/AnonBabble

You can overtake the leader.

Pyramid schemes are illegal. Coinz are not (yet).

Pyramid schemes directly reward you for bringing new people into the scheme. Cryptocurrency doesn't.

To go a bit further, this makes crypto more like a Ponzi scheme.

No recruiting or multi level marketing. They have nothing in common.

What is the diffrence between a stock share and a pyramid scheme? Fck this logic.

Then everything that has marketing would be a pyramid scheme

Stock represents partial ownership of a revenue-generating company. Wealth is actually being increased.

Pyramid schemes are really just money being shuffled around.

It's not a ponzi if there are no dividends

ITT: what is speculation?

I would argue that system for transactions where partial owners receive a percentage of transaction costs is revenue generating. So any PoS coin is not that different from your revenue-generating company.
s

Hence why it's like a Ponzi, not actually a Ponzi.

Zero-sum games are fun.

Only when the coins gained from staking are actually being paid by people making transactions. Coins that are gained from new coins being created is not.

Is this a low-key nocoiner cope thread?

True I should have been specific. So another example would be any PoW coin where every coin has already been mined.

It's a fraud of some sort since people are buying btc thinking they'll earn money but the only way for them to earn money is to get new suckers into bitcoin.

Except I guess that is different because the profits don't go to coin holders, only miners.

You tell me

pastebin.com/ZUxTmR99

Yes this time it's different

it's not even like a ponzi, which is based on deception (that your returns are from investment not just new investors money). It's more like a voluntary version of social security.

crypto is more like a reverse funnel system

crypto is as much as a pyramid scheme as any other stock investment . early investors disproportionately rewarded , requires continuously more money added to appease shareholders and increase in value. can collapse if this criteria fails . Enron, WorldCom , Madoff ... risk is in any investment and stock funboys can suck their mothers dicks if they think it's rock solid...like their mothers dick

Do read carefully: pastebin.com/ZUxTmR99

Jackpot. First guy got it.

but if you calculate price of company you will see it less than 1% from price of stock now

so rest 99% it pyramid scheme

how ot estimate Bitcoin price?
Take capitalisation of all banks in the world

include central banks with gold reserves

Ok. You are clearly drunken. Stop it.

if price of forced sell of company on bankrot less than capitalisation - you buy shit stock

At the moment it's around 25x so nrt asset value is about 4 percent of stock value

Do read carefully: pastebin.com/ZUxTmR99

Read carefully:
1. Bitcoin is a bubble
2. In order to prevent a bubble from popping you need to get more idiots into buying whatever overpriced asset you're sitting on.
3. The supply of idiots is - like bitcoin - finite.
4. The supply of idiots will run out.
5. When no more idiots buy overpriced asset the bubble will pop
6. 95 % of all idiots will lose their investment.

You read not carefully.
Do read carefully: pastebin.com/ZUxTmR99
youtube.com/watch?v=C6ju2-IjWhs