A pyramid scheme is a scam with a hierarchical top-down structure.
No, Pyramid Schemes and Ponzi Schemes are not the same. Pyramid schemes are illegal, fraudulent investment schemes in which participants attempt to make money by recruiting new members into the scheme.
Ponzi schemes are also illegal, fraudulent investment schemes in which money from new investors is used to pay returns to earlier investors, with the scheme organizer taking the remaining profits.
There are no promises of guaranteed returns, profits or rewards.
Bitcoin is not designed to benefit any one person or group of people over another.
Bitcoin has a finite supply, meaning that there is no way for anyone to create new coins and benefit from them.
Bitcoin is used for legitimate transactions and has a legitimate purpose.
Bitcoin is not designed to take money from anyone and is not sustained by recruitment.
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