Recently I've came across alt coins that use the method of pyramid scheme to promote and sell their coins to large companies. Should this even be legal? and do you guys think bitcoin should go through this too? BTCBTC
What coins are you talking about and are you sure they're actually pyramid schemes?
as a far as i know pyramid scheme are illegal, and bitcoin shouldn't be used for it
I think they are illegal though that's because they are deceptive scams and the people who invest in them usually don't know that they're a pyramid scheme/scam. The ones on here are usually open about them being a pyramid or ponzi so are seen as no different from gambling because people know the risks when they invest or gamble on them.