Is MLM ideal for bitcoin?

[gamechangers]

Multi-level marketing may be or may not be advisable for bitcoin depending on each and everyone's perception of it. Some multi-level marketing programme are good and turn out to bring a very good yield on investments while the majority of them are scams. It is advised to choose wisely before going into one if need be.

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[syntac]

in my opinion it is not ideal, because basically bitcoin is single there is no need to have another multi level, the important thing is a good internet network. because the application of bitcoin has so far been good and okay. and the public is familiar with bitcoin.

[Wodomi]

I think it's the first time I use btc but I'm not interested in the MLM system because I have a bad experience with MLM, maybe looking for another alternative is better than using MLM. even though the site uses btc

I think MLM is not ideal for bitcoin, because bitcoin is a digital currency, so if you use the MLM method the price will be higher. The principle of MLM is more and more downlines, the income for upline is getting bigger. If bitcoin is applied to marketing like that, the price of bitcoin units will become increasingly expensive.

[OrangeII]

well, many are against this, but basically bitcoin is not suitable in this case. however, many parties make use of this system to get huge profits. well, since a long time ago I didn't really like systems like MLM.

[sinkfish]

100% of the such MLM die out, its just matter of time, maybe by months or years. eventually it will die. bitcoin will outlive them.

[alex_gr_cc]

Is Multi-Level Marketing ideal for bitcoin?

I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before?

any idea?

MLM in conjunction with cryptocurrency works fine. I participate in a project in which the motivational mechanism for participating in MLM is arranged using cryptocurrency. True, this is not bitcoin, but nonetheless cryptocurrency.

[tmfp]

Multi Level Marketing is ideal for only one thing, providing the opportunity for lying and misrepresentation of substandard or non existent products to profit from gullible "downline" investors, often family and friends.
It is unfit for purpose in today's communication world, far too expensive for legitimate product promotion, the only benefit being 'plausible deniability' of the endemic false claims of profitability made by the so-called independent marketeers.
Any crypto schemes that offer an MLM structure should be treated with even more caution than usual.

[junglist.massive]

Many MLMs are scams, it's not good for Bitcoin users and the hierarchy system in MLM also makes it difficult for new players to get profit in the market while the up-lines enjoy the results of sweats of their downlines, this will only increase the money for the whale.