Are the Bitshares Communists/Corporate Fascists Running a Pyramid Scheme?

[DecentralizeEconomics]

our referral program which encourages everyone to teach others about that utility.

But biggest of all is the partnership program in where partners refer their existing customers and collect 80% of their lifetime usage fees.

So, if you are a professional society with 30,000 members and you come up with a reason for those members to use BitShares and motivate them to sign up, guess what?  Your society gets 80% of the fees from 30,000 people using the network.

How many organizations are looking for new ways to monetize their existing user base?

Here is the definition of a pyramid scheme.

[suda123]

our referral program which encourages everyone to teach others about that utility.

But biggest of all is the partnership program in where partners refer their existing customers and collect 80% of their lifetime usage fees.

So, if you are a professional society with 30,000 members and you come up with a reason for those members to use BitShares and motivate them to sign up, guess what?  Your society gets 80% of the fees from 30,000 people using the network.

How many organizations are looking for new ways to monetize their existing user base?

Here is the definition of a pyramid scheme.

What is bitcoin?

Actually what is anything to do with currency in the first place

Go look at the Euro compared to the USD right now, it's 88 euros to the USD.

[Nullu]

While I can't vouch for this scheme's legitimacy, it's not a Pyramid Scheme. The people at the bottom aren't paying the people at the top. The service already exists. Additonally, it only appears to be one-layered, which doesn't make it a pyramid. This is closer to Multi-Level Marketing, which can still be shady, however is also a legitimate form of marketing. It really depends on the finer details.

[darkagentx]

our referral program which encourages everyone to teach others about that utility.

But biggest of all is the partnership program in where partners refer their existing customers and collect 80% of their lifetime usage fees.

So, if you are a professional society with 30,000 members and you come up with a reason for those members to use BitShares and motivate them to sign up, guess what?  Your society gets 80% of the fees from 30,000 people using the network.

How many organizations are looking for new ways to monetize their existing user base?

Here is the definition of a pyramid scheme.

What is bitcoin?

Actually what is anything to do with currency in the first place

Go look at the Euro compared to the USD right now, it's 88 euros to the USD.

What does BTC got to do with this discussion? We are talking about bitshares here mate.

[DecentralizeEconomics]

This is closer to Multi-Level Marketing, which can still be shady, however is also a legitimate form of marketing. It really depends on the finer details.

Let me quote wiki on MLMs:

The network marketing or multi-level marketing (MLM) business has become associated with pyramid schemes. According to the U.S. Federal Trade Commission, many MLM schemes "simply use the product to hide their pyramid structure".[7] While some people call MLMs in general "pyramid selling,"[8][9][10][11][12] others use the term to denote an illegal pyramid scheme masquerading as an MLM.[13]

The Federal Trade Commission warns, "It’s best not to get involved in plans where the money you make is based primarily on the number of distributors you recruit and your sales to them, rather than on your sales to people outside the plan who intend to use the products."[14] It states that research is your best tool and gives eight steps to follow:

1 - Find—and study—the company’s track record.
2 - Learn about the product.
3 - Ask questions.
4 - Understand any restrictions.
5 - Talk to other distributors. Beware of shills.
6 - Consider using a friend or adviser as a neutral sounding board, or for a gut check.
7 - Take your time.
8 - Think about whether this plan suits your talents and goals.[14]

Some authorities contend that MLMs in general are nothing more than legalized pyramid schemes.

[suda123]

our referral program which encourages everyone to teach others about that utility.

But biggest of all is the partnership program in where partners refer their existing customers and collect 80% of their lifetime usage fees.

So, if you are a professional society with 30,000 members and you come up with a reason for those members to use BitShares and motivate them to sign up, guess what?  Your society gets 80% of the fees from 30,000 people using the network.

How many organizations are looking for new ways to monetize their existing user base?

Here is the definition of a pyramid scheme.

What is bitcoin?

Actually what is anything to do with currency in the first place

Go look at the Euro compared to the USD right now, it's 88 euros to the USD.

What does BTC got to do with this discussion? We are talking about bitshares here mate.

Everything is technically a pyramid scheme of some kind, religion,society,animals etc is my point.

Without a working ants at the bottom there can't be no top without machine automation or automated services fully established.

When humans work there way to the top this creates context, and without it or just having comfort living in a utopia is when we stop evolving and stagnate.

Treadmilling,grinding

[tokeweed]

^ But what's really fucked up is... Is society a pyramid scheme?

[darkagentx]

^ But what's really fucked up is... Is society a pyramid scheme?

I think a lot of conspiracy theorists are already aware of that.

[suda123]

^ But what's really fucked up is... Is society a pyramid scheme?

http://mathworld.wolfram.com/ZipfsLaw.html

Everything technically is, without it we can't move forward it ss in nature as well.

If there is no context or incentive to work towards something we don't go anywhere, and if we did we go there slow as fuck.


EDIT: youtube video https://www.youtube.com/watch?v=fCn8zs912OE

[tokeweed]

^ I find that hard to accept.

[testz]

DE, we need more BitShares posts today! 
BitShares 2.0 will be released within 12-24 hours!
More details here: https://bitshares.org

[suda123]

our referral program which encourages everyone to teach others about that utility.

But biggest of all is the partnership program in where partners refer their existing customers and collect 80% of their lifetime usage fees.

So, if you are a professional society with 30,000 members and you come up with a reason for those members to use BitShares and motivate them to sign up, guess what?  Your society gets 80% of the fees from 30,000 people using the network.

How many organizations are looking for new ways to monetize their existing user base?

Here is the definition of a pyramid scheme.

join us friend

[DecentralizeEconomics]

our referral program which encourages everyone to teach others about that utility.

But biggest of all is the partnership program in where partners refer their existing customers and collect 80% of their lifetime usage fees.

So, if you are a professional society with 30,000 members and you come up with a reason for those members to use BitShares and motivate them to sign up, guess what?  Your society gets 80% of the fees from 30,000 people using the network.

How many organizations are looking for new ways to monetize their existing user base?

Here is the definition of a pyramid scheme.

join us friend

I'll never join you communists / corporate fascists.

[suda123]

our referral program which encourages everyone to teach others about that utility.

But biggest of all is the partnership program in where partners refer their existing customers and collect 80% of their lifetime usage fees.

So, if you are a professional society with 30,000 members and you come up with a reason for those members to use BitShares and motivate them to sign up, guess what?  Your society gets 80% of the fees from 30,000 people using the network.

How many organizations are looking for new ways to monetize their existing user base?

Here is the definition of a pyramid scheme.

join us friend

I'll never join you communists / corporate fascists.

White Male Libertarian

Oh .. just noticed that now

[Nullu]

This is closer to Multi-Level Marketing, which can still be shady, however is also a legitimate form of marketing. It really depends on the finer details.

Let me quote wiki on MLMs:

The network marketing or multi-level marketing (MLM) business has become associated with pyramid schemes. According to the U.S. Federal Trade Commission, many MLM schemes "simply use the product to hide their pyramid structure".[7] While some people call MLMs in general "pyramid selling,"[8][9][10][11][12] others use the term to denote an illegal pyramid scheme masquerading as an MLM.[13]

The Federal Trade Commission warns, "It’s best not to get involved in plans where the money you make is based primarily on the number of distributors you recruit and your sales to them, rather than on your sales to people outside the plan who intend to use the products."[14] It states that research is your best tool and gives eight steps to follow:

1 - Find—and study—the company’s track record.
2 - Learn about the product.
3 - Ask questions.
4 - Understand any restrictions.
5 - Talk to other distributors. Beware of shills.
6 - Consider using a friend or adviser as a neutral sounding board, or for a gut check.
7 - Take your time.
8 - Think about whether this plan suits your talents and goals.[14]

Some authorities contend that MLMs in general are nothing more than legalized pyramid schemes.

Yes, but you're not hiring distributors, so it's not a pyramid scheme. It's a referral scheme. There's only 1 tier, too.

I should also point out I have never had any dealings with Bitshares, so I have nothing to gain/lose here. I don't think this is a pyramid scheme.

[testz]

This is closer to Multi-Level Marketing, which can still be shady, however is also a legitimate form of marketing. It really depends on the finer details.

Let me quote wiki on MLMs:

The network marketing or multi-level marketing (MLM) business has become associated with pyramid schemes. According to the U.S. Federal Trade Commission, many MLM schemes "simply use the product to hide their pyramid structure".[7] While some people call MLMs in general "pyramid selling,"[8][9][10][11][12] others use the term to denote an illegal pyramid scheme masquerading as an MLM.[13]

The Federal Trade Commission warns, "It’s best not to get involved in plans where the money you make is based primarily on the number of distributors you recruit and your sales to them, rather than on your sales to people outside the plan who intend to use the products."[14] It states that research is your best tool and gives eight steps to follow:

1 - Find—and study—the company’s track record.
2 - Learn about the product.
3 - Ask questions.
4 - Understand any restrictions.
5 - Talk to other distributors. Beware of shills.
6 - Consider using a friend or adviser as a neutral sounding board, or for a gut check.
7 - Take your time.
8 - Think about whether this plan suits your talents and goals.[14]

Some authorities contend that MLMs in general are nothing more than legalized pyramid schemes.

Yes, but you're not hiring distributors, so it's not a pyramid scheme. It's a referral scheme. There's only 1 tier, too.

I should also point out I have never had any dealings with Bitshares, so I have nothing to gain/lose here. I don't think this is a pyramid scheme.

This doesn't matter for DE he thinking what he thinking 
"I'll never join you communists / corporate fascists." DE, 2015

[Pheonike]

It's not MLM. You only get the fees of the person that you directly refer. You don't get anything from the ppl your referral bring in. Plus you only get a percentage of their transactions. If the person doesn't make any transactions, you don't get anything. DE has a problem comprehending basic/advance/any concepts.