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eldenwrong

Its literally not a pyramid scheme. You could call it a scam sure.

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

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> 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.

A pyramid scheme is a distributed, decentralized Ponzi scheme

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