zlacker

>>mkeete+(OP)
people who bet early, made big money. people who came in on the hype lost everything. the definition of pyramid schemes.

Oh well. We'll see, it might bounce back as these things do.

>>Justsi+Ha
Oh, by that definition, even AAPL is a pyramid schema.

How about we leave the definition for pyramid scheme where it's already at?

> Pyramid scheme: making money based on recruiting an ever-increasing number of "investors."

> Oh well. We'll see, it might bounce back as these things do.

No, it won't. It won't regain the trust of the community and the project is dead in the water now, no way it'll recover from this.

>>capabl+Jc
> Pyramid scheme: making money based on recruiting an ever-increasing number of "investors."

This is correct. While looking into this for a friend I came across: "for a full year, you'll earn 0.5% APY on what each person you refer deposits" [1]. Still not a pyramid scheme, since 0.5% is a small fraction of the total yield paid out, but pyramidesque.

[1] https://stablegains.zendesk.com/hc/en-us/articles/4409440197...

>>JumpCr+xh
It's not a pyramid, it's an inverted funnel.