Bitcoin: It’s not a Pyramid — it’s a Cone

Why do people say Bitcoin is a Pyramid Scheme? Answer: Because people who own bitcoin (or PWOBs) are so often found trying to convince other people who don’t own bitcoin that they should. And because it’s easy to see there’s a self-serving incentive in play which might explain why — PWOBs make money whenever more of the world decides it wants to buy bitcoin.

https://medium.com