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Are Cryptocurrencies A Pyramid Scheme

Are Cryptocurrencies A Pyramid Scheme. It's more than just cryptocurrency. It's been a rollercoaster couple of years for cryptocurrencies, but 2019 has been a fruitful one for bitcoin holders.

Indian Police Bust 950 000 Cryptocurrency Pyramid Scheme Coingeek
Indian Police Bust 950 000 Cryptocurrency Pyramid Scheme Coingeek from coingeek.com
Pyramid scheme similarities so is this what is happening in the crypto world? Cryptocurrencies could be one big ponzi scheme by daniel starkey 12.28.2017 :: Despite its success so far, financial experts claim cryptocurrencies are a speculative investment. But despite its successes, many critics still advise against putting your money into bitcoin. It typically starts with one person — the initial recruiter — who is on top at the it also seems as if cryptocurrencies are a viable solution for trustless value exchange.

Cryptocurrencies could be one big ponzi scheme.

One of the leading financial media outlets just called bitcoin a grand pyramid scheme. The first step is to recognise that cryptocurrencies is a new playing field of unknown dimensions. It's been a rollercoaster couple of years for cryptocurrencies, but 2019 has been a fruitful one for bitcoin holders. Initiator of a pyramid scheme often ensures ownership of a disproportionally large share of future profits. Wall street's pyramid schemes aren't nearly as durable. The ponzi and pyramid schemes currently around (that i'm aware of) are with this we could do a community effort to expand the list and create a consensus list of known scams, ponzi schemes, shitcoins, scamcoins, doubtful ico's and people to watch out for.

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