Bitcoin Core (BTC): A Pyramid Scheme? A Ponzi scheme? Multi-Level Marketing?
A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal.
Pyramid schemes have existed for at least a century in different guises. The difference between a pyramid scheme and multi-level marketing is that multi-level marketing provides an actual product or service whereas pyramid schemes do not and only funnel the money up from recruitment costs.
While often confused for each other, pyramid schemes and Ponzi schemes are different from each other. They are related in the sense that both pyramid and Ponzi schemes are forms of financial fraud. However, pyramid schemes are based on network marketing, where each part of the pyramid takes a piece of the pie / benefits, forwarding the money to the top of the pyramid. They fail simply because there are not sufficient people.
Ponzi schemes, on the other hand, are based on the principle of "Robbing Peter to pay Paul"—early investors are paid their returns through the proceeds of investments by later investors. In other words, one central person (or entity) in the middle taking money from one person, keeping part of it and giving the rest to others who had invested in the scheme earlier.
[uncensored-r/Bitcoin] Debunking the myth that Bitcoin is a pyramid / Ponzi scheme
The following post by themetalfriend is being replicated because some comments within the post(but not the post itself) have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7mlx22 The original post's content was as follows:
12-22 17:12 - 'Bitcoin is a pyramid scam, ponzi scheme, Winklevoss, Chamath Palihapitiya, Satoshi Nakamoto probably desperately trying to sell off bogus BTC into real $USD before the total final crash' (en.wikipedia.org) by /u/Charbax removed from /r/Bitcoin within 2-12min
04-05 19:13 - '**Is bitcoin a decentralized pyramid/ponzi scheme?** / This is *not* FUD. I am genuinely interested. From what I can see, some people got rich, but not because goods and services of value were being created somewhere (as wou...' by /u/MrManHimself removed from /r/Bitcoin within 0-8min
''' Is bitcoin a decentralized pyramid/ponzi scheme? This is not FUD. I am genuinely interested. From what I can see, some people got rich, but not because goods and services of value were being created somewhere (as would be the case with stocks in a real company). People got rich because others hoping to get rich rushed in and pushed up the price. So it has basically been money flowing from the many to the few. And now there is little new money coming in, whence the daily panics here over prices. What do people think of the situation? ''' Context Link Go1dfish undelete link unreddit undelete link Author: MrManHimself
If you still think bitcoin is a pyramid or ponzi scheme simply because of the huge price moves, this analogy may help you understand.
The U.S. dollar is similar to Berkshire Hathaway stock (BRK.A (NYSE)) huge market cap, huge liquidity, percentage moves are minor. Bitcoin is similar to a penny stock traded on pink sheets. Low market cap, low liquidity, percentage moves are huge. But to take the analogy even further, we all know what happened to the share price of blockbuster as netflix rose to mainstream popularity.
ADNOUUNE ALIAS LE LYNX MLM ET PYRAMIDE DE PONZI FAKE INSTAGRAM TRADER TRADING SCAM NEWS KUVERA. 16. März 2020 GreenRock 2 Kommentare 365 jours pour changer de vie, adeline le harzic, ADNOUUNE, affiliation, ALIAS, avis, Bitcoin, bitcoin nachrichten, bitcoin news, ... It looks like a Ponzi scheme or a pyramid scheme. If I buy bitcoin today, it will be more valuable tomorrow because others have bought it at a higher price. As an existing “investor,” I am benefitting from others getting in. Meanwhile, what I’m actually owning is a bitcoin. Don’t get me wrong, bitcoin is valuable, but it’s not worth $10,000 per coin, or even $1,000 per coin. It’s a ... Die US-amerikanische Securities and Exchange Commission (SEC) definiert die Begriffe „Pyramide“ und „Ponzi-Schema“ als Betrugsform. „Die Organisatoren ermutigen neue Investoren, sich am Geschäft zu beteiligen, und versprechen, ihr Geld in rentable Projekte mit minimalen oder keinen Risiken zu investieren. Betrüger versuchen, neue Ressourcen zu gewinnen, um Zahlungen an frühere ... Certains ignares sont même allés jusqu'à prétendre que Bitcoin était en soi une pyramide de Ponzi! Cela n'a évidemment aucun sens. Nos lecteurs avertis auront bien compris que Bitcoin est un système de cash numérique pair à pair, une monnaie ou une réserve de valeur, alors qu'un système de Ponzi est un montage financier. Les deux objets sont donc de différente nature. C'est un peu ... David Gledhill : « Le Bitcoin est une pyramide de Ponzi » novembre 18, 2017. 3 Min Read. 1 Comment. Share This! Facebook; Twitter; De nombreux représentants du secteur financier continuent de critiquer le bitcoin. Ces derniers jours, CNBC a s’est entretenu avec David Gledhill de la DBS Bank, Thomas Peterffy d’Interactive Brokers ou encore James Gor ...
As Bitcoin is growing in value, more and more people are getting exposed to the power of Bitcoin. But, is Bitcoin a Ponzi or Pyramid scheme? Watch the video and find out! In this video for beginners we will cover, what a ponzi is and how Bitcoin relates to these schemes. Feel free to subscribe and learn about bitcoin add me on... ⚠️⚠️⚠️: l' investissement dans les cryptomonnaies comporte des risques. Je ne serais en aucun cas tenu responsable des pertes occasionnées par vos investissement. Télécharger le ... La question la plus intéressante à laquelle je répond dans cette vidéo, c'est : LE BITCOIN EST-IL UNE MONNAIE ? Bref, Arnaque, pyramide de Ponzi ou opportunité du siècle, je vous dis tout ... Is Bitcoin a Ponzi Scheme? Is Bitcoin a Pyramid Scheme? Is Bitcoin a Bubble like Tulip Mania or Beanie Babies? ===== Thanks for watching! Don't f...