A pyramid scheme works such that if the growth stops, the whole pyramid collapse... | Hacker News

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taysic on Aug 9, 2017 | parent | context | favorite | on: Despite S.E.C. Warning, Wave of Initial Coin Offer...

A pyramid scheme works such that if the growth stops, the whole pyramid collapses. It is dependent on newcomers.

With crypto, if anyone leaves or growth stops the price simply goes down. It doesn't collapse. It's more like stock.

abrichr on Aug 9, 2017 [–]

I haven't heard this perspective before. Can you elaborate? What if the exchange rate were 1 BTC to 0.0000001 USD, wouldn't that effectively be a collapse?

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