> ..and everyone that owns (is "enrolled" in) AAPL is "incentivized to get other people to buy" Apple products. So Apple is a "pyramid scheme" right?
Yes, to a mild extent and indeed they do, but for the most part Apple itself does this work, so the owners don’t have much extent.
With Bitcoin there is nothing other than the owners, and there is no product.
> "Pyramid scheme" is a real thing with a real meaning. Someone posting "BTC to the moon!" on Twitter does not make BTC a pyramid scheme.
No, it’s a symptom of the fact it is structurally a pyramid scheme.
> they just don't know what a pyramid scheme is (your post)
Or they do, and they can see that in the context of decentralization, Bitcoin in fact is one.
The no true Scotsman fallacy doesn’t work here.
