Author

Topic: will this be a form of piramid scheme? (Read 467 times)

legendary
Activity: 1764
Merit: 1007
June 07, 2013, 08:26:10 AM
#6
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.
hero member
Activity: 952
Merit: 1009
June 07, 2013, 08:24:53 AM
#5
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.
global moderator
Activity: 3794
Merit: 2612
In a world of peaches, don't ask for apple sauce
June 07, 2013, 08:22:25 AM
#4
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.
hero member
Activity: 952
Merit: 1009
June 07, 2013, 08:16:40 AM
#3
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?"
legendary
Activity: 1764
Merit: 1007
June 07, 2013, 08:12:38 AM
#2
isn't necessarily a pyramid scheme, but it's centrally issued and managed.
legendary
Activity: 1018
Merit: 1000
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.

Jump to: