Way to have the first and likely dumbest comment of the thread - I don't know why I expect better from someone who's been on bitcointalk since 2011, but I do.
Per wikipedia."A pyramid scheme is an unsustainable business model that involves promising participants payment or services, primarily for enrolling other people into the scheme, rather than supplying any real investment or sale of products or services to the public."
What's unsustainable about CounterParty? Do you know what value it offers? If you think that this is just Dogecoin 2.0 then I suggest educating yourself before being so quick to pull out the memegenerator.
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Description
Counterparty is a protocol for the creation and use of decentralised financial instruments using Bitcoin as a transport layer. The protocol's native currency, XCP, is un-mined and slightly deflationary, with 2.6 million XCP created by burning bitcoins in January.
Functionality
Send: XCP or user-created assets
User-Created Assets: Issue user‐defined currencies/assets and pay dividends on them.
Distributed Exchange: Trade XCP, BTC or any asset with any other.
Feeds: Broadcast information, which may be used as the subject of a bet.
Betting, Financial Derivatives: Make bets, or construct contracts for difference, on the numerical value of a feed.
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