I basically see this scenario. You gather 2-3 friends in your living room, you explain to them what Bitcoin is. You tell them that for just $150 they will have the same opportunity as you. You get $50, they get $50 worth of BTC and you pay $50 up your line. You show them how to set up their first wallet.
(bolding mine)
Uh, what exactly makes someone want to do that bolded part? I mean, if I sign a bunch of people up and tell them to go sign people up for $150 and give me a 33% cut, aren't they going to quickly realize that they have zero incentive to do that, and actually quite a bit of incentive (competition-wise) to sell the same "package" for $100 at no loss to themselves? This might be the worst-thought-out scheme ever.