Looks interesting, will probably mine a few and check back in a year or so and see how things are going. I am def not a MLM or pyramid guy so I wont be like some of those fat cats at the top with 20,000+ because they started mining and inviting before it was announced on Bitcointalk.
Definitely report back here for others when you start mining - It would be cool to get your feedback and hear how the whole process went from Invite to mining.
For the others thinking about how this works, I put together a Merit Invite Video that describes and shows the process.
https://youtu.be/KrPVbkJ1IZoWhen it comes to MLM vs Pyramid vs ? - we've had a lot of great conversations in this thread about how it works. Even though there are some guys that got in early- that doesnt mean they are at the top forever.
Since Proof of Growth is a lottery, and based on the community growth score. It is possible that the whales just sit on their piles and go inactive. Someone brand new YES can pass them up. You can even get a community growth score higher than the person who invited you (I did).
If it was an MLM / pyramid structure- you would get 10% of the merit mined by the person under you -and 8% for their people and 5% of theirs etc... it would be based on strict volume of mined Merit. As a new person -you would never get to pass the person above you. that's why so many of them fail out there.
Now Im not saying it doesnt have referrals and a "market your community" vibe (I said a few pages ago that's part of the reason Im around). But the growth rewards and Proof of Growth are all random and rewarded per block. Having more people now just gives you more chance to win the lottery - but it's still very much a lottery.
I type all of that out to say - someone brand new today - could very easily get their community into the top group if they recruit real people and it's active etc.
I hope that helps make sense of how it's different than MLM/Pyramid