Post
Topic
Board Bitcoin Discussion
Re: Is cryptocurrency a financial pyramid
by
dwminer1
on 04/06/2023, 18:00:34 UTC
Cryptocurrencies are mostly a speculative asset, often having some application, not a financial pyramid. A pyramid scheme is a business model that recruits members via a promise of future payments. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit. In the crypotcurrency market, we make our own decisions when we want to buy and sell our assets. We cannot call the laws of supply and demand a pyramid scheme.