will this be a form of piramid scheme?

[vite]

http://www.zurker.com/

Pegged to 22 currencies yet no information as to how the "zen" currency is infact issued.

And they sure give bitcoins a bashing on their sister site.

[1715432582]

1715432582

[1715432582]

1715432582

[herzmeister]

isn't necessarily a pyramid scheme, but it's centrally issued and managed.

[greyhawk]

It's pretty much a pyramid scheme: http://manurevah.com/blah/en/blog/Zurker---Making-Pyramids-Appear-Flat

Cue a thousand *coiners going: "A pyramid scheme? Where can I sign up for that?"

[mprep]

It's pretty much a pyramid scheme: http://manurevah.com/blah/en/blog/Zurker---Making-Pyramids-Appear-Flat

Cue a thousand *coiners going: "A pyramid scheme? Where can I sign up for that?"

Guess some people quickly fall for various schemes.

[greyhawk]

It's pretty much a pyramid scheme: http://manurevah.com/blah/en/blog/Zurker---Making-Pyramids-Appear-Flat

Cue a thousand *coiners going: "A pyramid scheme? Where can I sign up for that?"

Guess some people quickly fall for various schemes.

Not so much "fall for", but *coiners have a history of overestimating their own abilities expecting to ride the pyramid on top, then invariably drowning when the whole thing inevitably sinks. See pirate, miningunited, etc. etc. etc.

[herzmeister]

yeah, they have this vShare thing going, which might be a pyramid scam (I haven't looked into it).

but their Zen currency is something different and new, they just trade it 1:1. Like Liberty Reserve etc essentially.