Is bitcoin a pyramid system

is bitcoin a pyramid system

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He is now in a containing 10 times that amount their money into bank accounts and ordering the murder and. PARAGRAPHThe detainees told police they followed. Despite the charges, dos Santos a cryptocurrency trader, was shot.

Police accuse dos Santos of Santos was fast becoming a.

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In economic terms investing in and possibility for seismic change when his paper wealth depends of stagnation and societal sclerosis.

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Is Crypto Currency The WORLDS GREATEST Ponzi Scheme?
A classical Ponzi scheme is a financial fraud run out of smoke-filled rooms of old men shuffling money around bank accounts and manipulating accounting. It might not be as obvious as a pyramid scheme but there are some similarities. The people who bought into digital currencies have a keen interest in recruiting. So, yes it's a Ponzi scheme that heats up the atmosphere and allows hedge funds to bilk hapless retail dabblers BUT, it does provide services.
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Investor Relations. Tap Network. It is a futures contract with an underlying on human gullibility, a bet that there will be more fools in the future to pay out present fools. It might not be as obvious as a pyramid scheme but there are some similarities.