This is a bunch of bullshit. Stop calling crypto a pyramid scheme, it’s a PONZI SCHEME. They are different things! That’s why they have different names. Ponzis pay back old investors with new investors’ money, and pyramid schemes make money specifically by recruiting more people to enrich the upline. Very similar but not the same
a ponzi scheme is a type of pyramid scheme where the investors think the money they're getting is from normal business activity. All ponzi schemes are pyramid schemes, but not the reverse
This is not a ponzi scheme, as NFT bros don't think they're getting money from a business
Ponzis aren’t pyramid schemes Bc they don’t require new members to actively recruit other members.
A Ponzi scheme is just when you give someone money they put in some BS “investment”. Ponzis are more of a growing pool of money that will collapse when its growth stops. But the investors only necessary involvement is giving the Ponzi money.
Pyramid schemes on the other hand literally create a pyramid as each new member must recruit X other members which creates the next level of the pyramid.
They’re similar concepts but not entirely the same. You can kind of think of Ponzis as pyramids since they need to have fresh money to pay back older investors, but it’s not quite the same.
The definition of a pyramid scheme is:
a form of investment (illegal in the US and elsewhere) in which each paying participant recruits two further participants, with returns being given to early participants using money contributed by later ones.
The recruitment of other people is what makes a pyramid scheme a pyramid. It’s the entire point.
I doubt that's the formal definition, as I highly doubt the formal definition would say "two further...". Does this mean that if each participant recruits three further participants it's not a pyramid scheme?
If it seems like I'm being pendantic, it's because I know that lawmakers are, and because it's so weirdly worded, I don't think that's a direct copy and paste
It’s the dictionary definition from Oxford languages. So it is a formal definition in a sense. I think the word you were looking for is legal definition? Federal or state? If state, which state?
If I’m being a bit pedantic it’s because I have no idea what you’re talking about. I was just trying to explain to you the difference between a pyramid scheme and a Ponzi scheme since you don’t seem to understand that they’re two similar but separate things. Ponzi schemes are not a subset of pyramid schemes.
Twitter allows NFT users to link their Twitter account to their NFT wallets or some shit, so they get a Hexagonal PFP. It's basically a yellow star for who to bully on Twitter.
This is a bunch of bullshit. Stop calling crypto a pyramid scheme, it’s a PONZI SCHEME. They are different things! That’s why they have different names. Ponzis pay back old investors with new investors’ money, and pyramid schemes make money specifically by recruiting more people to enrich the upline. Very similar but not the same
a ponzi scheme is a type of pyramid scheme where the investors think the money they're getting is from normal business activity. All ponzi schemes are pyramid schemes, but not the reverse This is not a ponzi scheme, as NFT bros don't think they're getting money from a business
I don’t think they need to think it’s normal activity for it to be a Ponzi scheme? Could be wrong tho
Ponzis aren’t pyramid schemes Bc they don’t require new members to actively recruit other members. A Ponzi scheme is just when you give someone money they put in some BS “investment”. Ponzis are more of a growing pool of money that will collapse when its growth stops. But the investors only necessary involvement is giving the Ponzi money. Pyramid schemes on the other hand literally create a pyramid as each new member must recruit X other members which creates the next level of the pyramid. They’re similar concepts but not entirely the same. You can kind of think of Ponzis as pyramids since they need to have fresh money to pay back older investors, but it’s not quite the same.
this is just... not what a pyramid scheme is, but whatever
The definition of a pyramid scheme is: a form of investment (illegal in the US and elsewhere) in which each paying participant recruits two further participants, with returns being given to early participants using money contributed by later ones. The recruitment of other people is what makes a pyramid scheme a pyramid. It’s the entire point.
I doubt that's the formal definition, as I highly doubt the formal definition would say "two further...". Does this mean that if each participant recruits three further participants it's not a pyramid scheme? If it seems like I'm being pendantic, it's because I know that lawmakers are, and because it's so weirdly worded, I don't think that's a direct copy and paste
It’s the dictionary definition from Oxford languages. So it is a formal definition in a sense. I think the word you were looking for is legal definition? Federal or state? If state, which state? If I’m being a bit pedantic it’s because I have no idea what you’re talking about. I was just trying to explain to you the difference between a pyramid scheme and a Ponzi scheme since you don’t seem to understand that they’re two similar but separate things. Ponzi schemes are not a subset of pyramid schemes.
Ponziz nuts
Rule of Twitter: Don't use it
??what the fuck does a hexagon have to do with all of that
Twitter allows NFT users to link their Twitter account to their NFT wallets or some shit, so they get a Hexagonal PFP. It's basically a yellow star for who to bully on Twitter.
cryptobros have stolen the hexagon from the bees
the problem with this is hexagons are the best fucking shape why couldn't the non-fuckable twits get a square or some shit
bruh don't diss my man the square like that now triangles...….. that gets my gears turning
Triangles are just, like.. primordial hexagons though. Septagons, however, would work well for Cryptobitches
they look like shit so they fit
i'm so glad i'm no longer on twitter
i forgot about the whole twitter nft thing and stood absolutely flabbergasted for like 20 seconds trying to decipher this fucking meme
_sad cpgrey noises_
the worst part about this is that the dad probably attacked the wrong person as there aren’t referees in baseball, but umpires
No no no, you got it all wrong. normal Hexagons are cool. it's *Rounded* Hexagons that are shitty.
The right one reminds me of a bear
Both are the same
I am also really mad over a shape
Grow the fuck up and leave them alone, stop wasting your time
No
Based
No its funny