Why do you say this? I am certainly not a cryptocurrency expert, but it seems to me that BTC provides real value, in that it is an accepted currency and also in that it distributes the means of control over a far greater area than traditional government-backed currency.
Pyramid scheme reward members for recruiting new members without providing any value. Like all commodities and currencies, BTC increases in value the more people think it is valuable, but if that is how you define a pyramid scheme then gold futures, stocks, and the US dollar are pyramid scheme as well.
Why do you say this? I am certainly not a cryptocurrency expert, but it seems to me that BTC provides real value, in that it is an accepted currency and also in that it distributes the means of control over a far greater area than traditional government-backed currency.
Pyramid scheme reward members for recruiting new members without providing any value. Like all commodities and currencies, BTC increases in value the more people think it is valuable, but if that is how you define a pyramid scheme then gold futures, stocks, and the US dollar are pyramid scheme as well.