Replying to Avatar mleku

come to think of it. if you take the current scheme, and the original offerers are buying them back at a profit to manufacture the whole thing?

they only have to buy back a percentage of them to keep the people thinking there is a yIeLdZ in it.

it might not strictly qualify as a ponzi scheme but it works a lot like one in its effect.
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plebiANON 2y ago

They are trying to sell one sat for multiple sats. It’s as simple as that. No returns on “held assets” are paid to anyone. It’s like selling a cardboard box for $100 because it’s a “special box”. The buyer isn’t expecting anything else, and the seller isn’t offering anything else.

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mleku 2y ago

but hasn't anyone made a profit at the second level yet? or are we still in the first stage and there's still morons going for this??

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plebiANON 2y ago

That is a pyramid scheme, not a Ponzi scheme.

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plebiANON 2y ago

Actually not a pyramid scheme either as no money flows back up. Just a good old fashioned scam.

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B.O.P 2y ago

Ya just a plain old scam. deceiving people to overspend on sats. The only people that make rich are the creators reselling them and perpetuating the lie that there are “rare sate”