Crypto and Pyramid Schemes

Mika

VIP Contributor
Some so called financial gurus are claiming that crypto is a pyramid scheme. Well, crypto is not inherently a pyramid scheme, however, we have seen a lot of crypto companies and crypto projects working like HYIP and Pyramid schemes. If you follow the crypto news, you will understand what I mean.

Do you remember One Coin? It is the biggest ponzi scheme related to cypto involving $4 billion back in 2014. Tera Luna is the recent example, how a crypro project was actually a pyramid scheme

Crypto as a whole is not a fraudulent system, however, there are a lot of fraudulent activities related to crypto.
 

Isi24

Member
Basically you have said it all, luckily I haven’t participated in any fraudulent activities related to crypto. my targets are always on airdrops and I participate more on those ones on exchanges as they are more legit. Currently rounding up the year with $mobile airdrop on bitget exchange , complete few tasks and share from $4,000 worth of this token.
 
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