Post
Topic
Board Bitcoin Discussion
Re: The Multi-level Marketing scheme argument
by
Synaptic
on 17/07/2011, 05:30:46 UTC
I've edited my OP to more clearly illustrate the parallels.

Your parallels make very little sense.

"price-fixing of products (BITCOIN BOTS, "EARLY ADOPTERS," EXCHANGE OPERATORS MANIPULATING MARKET PRICE)" Early adopters have fixed the price? Did they fix it to the 25 dollars it was a few weeks ago or the 13 it's at now?

The "early adopters" (I prefer Bitcoin Oligarchy) easily manipulate the market by leveraging their large bitcoin reserves to stabilize prices and/or maintain the appearance of a functioning economy.

"emphasis on recruitment of lower-tiered salespeople over actual sales (RAMPANT SPECULATION VS. REAL ECONOMY)" So Bitcoin users are encouraged to get new people involved rather than use their Bitcoins.

Bitcoin doesn't really have users, it has miners and speculators. A real bitcoin user is someone who BOUGHT a bunch of bitcoins SOLELY to trade for goods and services, and never turn them back into real money again, nor use them to "send" real currency to other people. I'd assume there's likely less "users" than regularly post on this forum.

So, the emphasis on expanding bitcoin's monetary value is in recruiting more people to speculate with it or use it as a medium of financial exchange, or in the trade for goods and services. The primary emphasis PRESENTLY though is recruiting speculators, as both payment processing and trade would only impart a tiny fraction of it's current fiat value


Oh, wait, Bitcoin users ALSO encourage each other to spend Bitcoins to support Bitcoin businesses: "encouraging if not requiring salespeople to purchase and use the company's products (BITCOIN "ECONOMY")" Scandalous

Is Mary Kay scandalous?  Is Amway? Is VitaLife?  No, but they're bullshit MLM schemes just the same.


I would continue, but it would take me all night to go point by point. So goodnight my brothers in Bitcoin, may the Bitcoins shine on you in the morning and may we all bathe in the glorious light of the future with which Bitcoins will blanket us. All hail Bitcoins!
(NEED I SAY MORE)

emphasis on my remarks.