How are ICO's any different from a pyramid scheme? No CC

>How are ICO's any different from a pyramid scheme?
You don't get a reward for your downstream. It's more like a Ponzi scheme.

P.S. There's a reason the world abandoned PMs as currency.

>>3285313
arent ponzi schemes and pyramid schemes different words for the exact fucking same thing?

>>3285421
No. They're similar concepts, but they have differences. A pyramid scheme provides a direct reward for recruiting new people into the scheme (e.g. "You'll get 1% of their sales"). A ponzi scheme doesn't, instead having one central figure that is taking in all the money and paying it out.